Common use of Cancelled Shares Clause in Contracts

Cancelled Shares. At the Effective Time, each share of Common Stock or Preferred Stock that is owned by the Company or any of its Subsidiaries shall automatically be cancelled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefore (any shares so cancelled, the “Cancelled Shares”).

Cancelled Shares. At the Effective Time, each Each share of Company Common Stock or Preferred Stock that is owned held by the Company as treasury stock or owned by Buyer immediately prior to the Effective Time shall be, automatically and without the need for any action on the part of its Subsidiaries shall automatically be the holders thereof, cancelled and retired and shall cease to exist, and no consideration payment or distribution shall be made or delivered in exchange therefore with respect thereto (any shares so cancelled, the “each a "Cancelled Shares”Share").

Cancelled Shares. At the Effective Time, each share Any shares of Company Common Stock or Preferred Stock that is owned then held by the Company or Parent or any direct or indirect wholly owned Subsidiary of its Subsidiaries the Company or of Parent (including any treasury shares of the Company) shall automatically be cancelled canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefore therefor (any shares so cancelled, the “Cancelled Shares”).

Cancelled Shares. At the Effective Time, each share of Common Stock or Preferred Stock that is held in the treasury of the Company or owned by Merger Sub, the Company or any of its the Subsidiaries (each, a “Cancelled Share”) shall automatically be cancelled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefore (any shares so cancelled, the “Cancelled Shares”)therefore.