Common use of Cancellation of Company Common Stock Clause in Contracts

Cancellation of Company Common Stock. Each share of Company Common Stock (i) held by the Company as treasury stock or (ii) owned by Parent or any Subsidiary of Parent immediately prior to the Effective Time (collectively, the “Excluded Shares”) shall be canceled without any conversion and shall cease to exist, and no payment or distribution shall be made with respect thereto; and

Cancellation of Company Common Stock. Each share of Company Common Stock (i) held owned by any of the Company as treasury stock Parties or (ii) any wholly owned Company Subsidiary and each share of Company Common Stock owned by any of the Parent Parties or any Subsidiary of Parent their respective wholly owned Subsidiaries, in each case, as of immediately prior to the Company Merger Effective Time (collectivelyTime, the “Excluded Shares”) shall be canceled without any conversion and shall cease to exist, and no payment or distribution consideration shall be made with respect thereto; anddelivered in exchange therefor.

Cancellation of Company Common Stock. Each share of At the Effective Time, all Company Common Stock (i) held by the Company as treasury stock or (ii) Shares owned by Parent any of the Parties or by any Subsidiary of Parent immediately prior to the Effective Time their respective Subsidiaries (collectively, the “Excluded Shares”other than any such shares owned in a fiduciary capacity or as a result of debts previously contracted) shall be canceled without any conversion cancelled and shall cease to exist, and no payment or distribution consideration shall be made with respect thereto; anddelivered in exchange therefor.

Cancellation of Company Common Stock. Each share of Company Common Stock (i) held then owned by the Company as treasury stock or (ii) owned by Parent or any wholly owned Subsidiary of Parent the Company (or held in the treasury of the Company) immediately prior to the Effective Time (collectivelyTime, or held by Sibelco or any of its Subsidiaries immediately prior to the “Excluded Shares”) Effective Time, shall automatically be canceled without any conversion cancelled and retired and shall cease to exist, and no payment or distribution consideration shall be made with respect thereto; anddelivered in exchange therefor.