Common use of Cancellation of Certain Company Shares Clause in Contracts

Cancellation of Certain Company Shares. Each Company Share issued and outstanding and owned by Merger Sub, and each Company Share held in the treasury of the Company, immediately prior to the Effective Time will be canceled without any conversion thereof and no payment or distribution will be made with respect thereto.

Cancellation of Certain Company Shares. Each Company Share issued and outstanding and that is owned by Merger Subthe Company or any subsidiary of the Company shall automatically be canceled and retired and shall cease to exist, and each Company Share held no cash or other consideration shall be delivered or deliverable in the treasury of the Company, immediately prior to the Effective Time will be canceled without any conversion thereof and no payment or distribution will be made with respect theretoexchange therefor.

Cancellation of Certain Company Shares. Each All Company Share issued Shares held by Company as treasury stock and outstanding all Company Shares owned directly or indirectly by Company will automatically be cancelled and owned by Merger Sub, retired and each Company Share held in the treasury of the Company, immediately prior will cease to the Effective Time exist and no consideration will be canceled without any conversion thereof and no payment delivered or distribution will be made with respect theretodeliverable in exchange for such Company Shares.

Cancellation of Certain Company Shares. Each Company Share issued At the Effective Time, by virtue of the Merger and outstanding and owned by without any action on the part of Parent, Merger Sub, and the Company or the Equityholders, each Company Share owned by the Company (or held in the treasury of the Company’s treasury) or owned by Parent, Merger Sub or any direct or indirect Subsidiary thereof immediately prior to the Effective Time will shall be automatically canceled and extinguished without any conversion thereof thereof, and no payment or distribution will shall be made with respect thereto.