Cancellation of Certain Stock. At the Effective Time of the Merger, any share of Company Stock held by Company or any of its Subsidiaries as treasury stock or owned by Parent or Merger Sub shall be automatically cancelled and retired and shall cease to exist, and no consideration shall be delivered therefor.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Optio Software Inc), Agreement and Plan of Merger (Bottomline Technologies Inc /De/)
Cancellation of Certain Stock. At the Effective Time of the Merger, any Each share of Company Stock held by Company that is (i) owned, directly or any of its Subsidiaries as treasury stock or owned indirectly, by Parent or Merger Sub immediately prior to the Effective Time or (ii) held in the treasury of the Company (together, the “Cancelled Shares”) shall be automatically cancelled and retired canceled and shall cease to exist, and no consideration shall be delivered thereforin exchange therefore.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Synergx Systems Inc), Agreement and Plan of Merger (Firecom Inc)
Cancellation of Certain Stock. At the Effective Time of the Merger, any Each share of Company Stock held that is (i) owned, directly or indirectly, by Company or any of its Subsidiaries as treasury stock or owned by Parent or Parent, Merger Sub or Xxxx Xxxxxxxxx immediately prior to the Effective Time, or (ii) held in the treasury of the Company (together, the “Cancelled Shares”) shall be automatically cancelled and retired canceled and shall cease to exist, and no consideration shall be delivered thereforin exchange therefore.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Hirsch International Corp), Agreement and Plan of Merger (Hirsch International Corp)
Cancellation of Certain Stock. At (i) Each share of Company Common Stock and each share of Company Preferred Stock that is owned by Company as treasury stock, and each share of Company Preferred Stock owned by any direct or indirect wholly owned Subsidiary (as defined in Section 4.1) of Parent immediately prior to the Effective Time shall, by virtue of the MergerMerger and without any action on the part of the holder thereof, any share of Company Stock held by Company or any of its Subsidiaries as treasury stock or owned by Parent or Merger Sub shall cease to be automatically outstanding, be cancelled and retired without payment of any consideration therefor and shall cease to exist, and no consideration shall be delivered therefor.
Appears in 1 contract
Samples: Management Services Agreement (Long Island Lighting Co)
Cancellation of Certain Stock. At the Effective Time Each share of the Merger, any share of Company Capital Stock held that is owned by the Company or any of its Subsidiaries as treasury stock or owned by Parent or Merger Sub immediately prior to the Effective Time shall automatically be automatically cancelled canceled and retired and shall cease to exist, and no consideration shall be delivered therefor.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Eye Care Centers of America Inc)
Cancellation of Certain Stock. At the Effective Time of the Merger, any Each share of Company Stock that is held by in the treasury of the Company or any of its Subsidiaries as treasury stock or owned by Parent or Merger Sub (the “Cancelled Shares”) shall be automatically cancelled and retired canceled and shall cease to exist, and no consideration shall be delivered thereforin exchange therefore.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Cybex International Inc)
