Common use of Cancellation of Certain Company Common Stock Clause in Contracts

Cancellation of Certain Company Common Stock. Each share of common stock, par value $0.01 per share, of the Company (the “Company Common Stock”) that is held by the Company in treasury, that is owned, directly or indirectly, by any wholly-owned subsidiary of the Company or that is owned, directly or indirectly, by Parent, Merger Sub or any other subsidiary of Parent immediately prior to the Effective Time shall no longer be outstanding and shall be automatically cancelled and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor (collectively, “Cancelled Shares”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (USMD Holdings, Inc.)

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Cancellation of Certain Company Common Stock. Each share of common stock, par value $0.01 .001 per share, of the Company (the “Company Common Stock”) and each share of preferred stock, par value $.001 per share (the “Preferred Stock”) that is held owned by the Company in treasury, and each share of Company Common Stock and each share of Preferred Stock that is owned, directly or indirectly, owned by any wholly-owned subsidiary of the Company or that is owned, directly or indirectly, by Parent, Merger Sub Newco or any other subsidiary of Parent immediately prior to the Effective Time shall no longer automatically be outstanding cancelled and shall be automatically cancelled retired and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor (collectively, “Cancelled Shares”)therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Artemis International Solutions Corp)

Cancellation of Certain Company Common Stock. Each share of the Company's common stock, par value $0.01 .01 per share, of the Company share (the “"Company Common Stock") that is held owned by the Company in treasury, as treasury stock and any shares of Company Common Stock that is owned, directly or indirectly, are owned by any wholly-owned subsidiary of the Company or that is owned, directly or indirectly, by Parent, Merger Sub or any other subsidiary of Parent immediately prior to the Effective Time shall no longer be outstanding and shall be automatically cancelled canceled and shall cease to exist, and no cash stock of Parent or other consideration shall be delivered or deliverable in exchange therefor (collectively, “Cancelled Shares”)therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Psinet Inc)

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Cancellation of Certain Company Common Stock. Each share of the common stock, par value $0.01 per share, of the Company (the "Company Common Stock") that is held issued and outstanding and owned by the Company in treasuryMerger Sub, that is owned, directly Parent or indirectly, by any wholly-direct or indirect wholly owned subsidiary of Parent or of the Company or that is owned(all issued and outstanding shares of Company Common Stock being hereinafter collectively referred to as the "Company Shares") and each share of Company Common Stock held in the treasury of the Company, directly or indirectly, by Parent, Merger Sub or any other subsidiary of Parent immediately prior to the Effective Time shall be canceled without any conversion thereof and no longer be outstanding and payment or distribution shall be automatically cancelled and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor (collectively, “Cancelled Shares”)made with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan (International Steel Group Inc)

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