Common use of Cancellation of Company-Owned Stock Clause in Contracts

Cancellation of Company-Owned Stock. Each share of Company Common Stock owned by the Company or the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Company.

Cancellation of Company-Owned Stock. Each share of Company Common Capital Stock owned by the Company or any direct or indirect wholly-owned subsidiary of the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyconversion thereof.

Cancellation of Company-Owned Stock. Each share of Company Common Capital Stock owned held by the Company or any direct or indirect Subsidiary of the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled cancelled and extinguished without any exchange thereof and without any further action on as of the part of Buyer, Merger Sub or the CompanyEffective Time.

Cancellation of Company-Owned Stock. Each Notwithstanding Section 2.1(b), each share of Company Common Capital Stock owned held by the Company or the any Company Subsidiary Subsidiaries immediately prior to the Effective Time shall be automatically canceled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyconversion thereof.

Cancellation of Company-Owned Stock. Each share of Company Common Capital Stock owned held by the Company or any direct or indirect subsidiary of the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled cancelled and extinguished without any exchange thereof and without any further action on as of the part of Buyer, Merger Sub or the CompanyEffective Time.

Cancellation of Company-Owned Stock. Each Notwithstanding Section 2.1(b), each share of Company Common Capital Stock owned held by the Company or the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled cancelled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyconversion thereof.

Cancellation of Company-Owned Stock. Each share All shares of Company Common Stock that are held (i) in the treasury of the Company, (ii) by any wholly owned by subsidiary of the Company or (iii) by Merger Sub (including the Contributed Company Subsidiary immediately prior to Common Shares (as such term is defined in the Effective Time Contribution Agreement)) shall be automatically canceled and extinguished retired and shall cease to exist without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyconsideration payable therefor.

Cancellation of Company-Owned Stock. Each share of Company Common ----------------------------------- Stock owned held by the Company or the any direct or indirect wholly-owned subsidiary of Company Subsidiary immediately prior to the Effective Time shall be automatically canceled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyconversion thereof.

Cancellation of Company-Owned Stock. Each At the Effective Time, each share of Company Common Stock owned by held in the treasury of the Company or the Company Subsidiary immediately prior to the Effective Time Time, if any, shall automatically be cancelled and retired and shall cease to exist, and no cash, stock or other property shall be automatically canceled and extinguished without any delivered in exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companytherefore.

Cancellation of Company-Owned Stock. Each Notwithstanding Section 1.6(a), each share of Company Common Stock owned held of record by the Company or the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled cancelled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyconversion thereof.

Cancellation of Company-Owned Stock. Each share Any shares of Company Common Stock that are owned by the Company Company, any of its Subsidiaries or the Company Subsidiary Parent immediately prior to the Effective Time shall be automatically canceled and extinguished retired and shall cease to exist without any exchange conversion thereof and without any further action on the part of Buyer, Merger Sub no consideration shall be delivered or the Companydeliverable therefor.

Cancellation of Company-Owned Stock. Each share of Company Common Capital Stock owned held by the Company or the Company Subsidiary immediately prior to the Effective Time Time, if any, shall be automatically canceled cancelled and extinguished without any exchange thereof and without any further action on as of the part of Buyer, Merger Sub or the CompanyEffective Time.

Cancellation of Company-Owned Stock. Each share of Company Common Stock owned by any direct or indirect wholly owned subsidiary of the Company or the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyconversion thereof.

Cancellation of Company-Owned Stock. Each Notwithstanding Section 2.2(b), each share of Company Common Stock owned and each share of Company Preferred Stock held by the Company or the Company Subsidiary any of its Subsidiaries immediately prior to the Effective Time shall will be automatically canceled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyno consideration issued with respect thereof.

Cancellation of Company-Owned Stock. Each share of Company Common Capital Stock owned by the Company or any Subsidiary of the Company Subsidiary immediately prior to the Effective Time Time, if any, shall be automatically canceled cancelled and extinguished without any exchange conversion thereof and without any further action on the part of Buyer, Merger Sub Acquirer or the Company.

Cancellation of Company-Owned Stock. Each share of Company Common Capital Stock owned by the Company or any direct or indirect wholly owned subsidiary of the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyconversion thereof.

Cancellation of Company-Owned Stock. Each share of Company Common Stock owned by the Company of any direct or indirect wholly-owned subsidiary of the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyconversion thereof.

Cancellation of Company-Owned Stock. Each share of Company Common Stock Stock, if any, owned by the Company or the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyconversion thereof.

Cancellation of Company-Owned Stock. Each share of Company Common Stock Capital ----------------------------------- Stock, if any, owned by the Company or any direct or indirect wholly owned subsidiary of the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyconversion thereof.

Cancellation of Company-Owned Stock. Each share of Company Common Capital Stock owned held by the Company or held by any direct or indirect Subsidiary of the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled cancelled and extinguished without any exchange thereof and without any further action on as of the part of Buyer, Merger Sub or the CompanyEffective Time.

Cancellation of Company-Owned Stock. Each share of Company Common Capital Stock owned by the Company or any direct or indirect wholly-owned subsidiary of the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled and extinguished without and shall not be converted into the right to receive any exchange thereof and without any further action on consideration whatsoever in the part of Buyer, Merger Sub or the CompanyMerger.

Cancellation of Company-Owned Stock. Each share of Company Common Stock owned held by the Company or the any direct or indirect subsidiary (wholly or partially owned) of Company Subsidiary immediately prior to the Effective Time shall be automatically canceled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyconversion thereof.

Cancellation of Company-Owned Stock. Each share of Company Common Stock owned by the Company or any direct or indirect wholly-owned subsidiary of the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled cancelled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyconversion thereof.

Cancellation of Company-Owned Stock. Each share of Company Common Stock owned by the Company as treasury stock or any Subsidiary of the Company Subsidiary and each share of Common Stock owned by the Parent or MergerCo, in each case that are issued and outstanding immediately prior to the Effective Time Time, shall be automatically canceled and extinguished without any exchange thereof and without any further action on the part of Buyerthe Parent, Merger Sub MergerCo or the Company.

Cancellation of Company-Owned Stock. Each share of Company Common Stock owned held by the Company or the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled cancelled and extinguished without any exchange thereof conversion thereof, other than fifty thousand three hundred seventeen (50,317) shares currently held in treasury which will be distributed to Company employees effective immediately prior to the Closing and without any further action on the part of Buyer, Merger Sub or the Companytreated pursuant to Section 1.7(a).

Cancellation of Company-Owned Stock. Each share of Company Common Capital ----------------------------------- Stock owned by the Company or the any Subsidiary of Company Subsidiary immediately prior to the Effective Time shall be automatically canceled and extinguished without any exchange conversion thereof and without any further action on the part of Buyer, Merger Sub SciQuest or the Company.

Cancellation of Company-Owned Stock. Each issued share of Company Common Stock or Preferred Stock owned immediately before the Effective Time by the Company or any of its wholly owned Subsidiaries (collectively, the Company Subsidiary immediately prior to the Effective Time “Canceled Shares”), shall be automatically canceled and extinguished without any exchange thereof shall cease to exist, and without any further action on the part of Buyer, Merger Sub or the Companyno consideration shall be paid for those Canceled Shares.

Cancellation of Company-Owned Stock. Each Notwithstanding the provisions of Section 2.1(c) below, each share of Company Common Stock owned held by the Company or the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled cancelled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyconversion thereof.

Cancellation of Company-Owned Stock. Each share of Company Common Stock owned held by the Company (or the Company Subsidiary any of its subsidiaries) immediately prior to the Effective Time Time, if any, shall be automatically canceled and extinguished without any and shall cease to exist, and no consideration shall be delivered or deliverable in exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companytherefor.

Cancellation of Company-Owned Stock. Each share of Company Common Stock owned or Company Preferred Stock held by the Company or the any direct or indirect wholly-owned subsidiary of Company Subsidiary immediately prior to the Effective Time shall be automatically canceled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyconversion thereto.

Cancellation of Company-Owned Stock. Each share of Company Common Stock owned held by the Company or the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Companyconversion thereof.

Cancellation of Company-Owned Stock. Each share of Company Common Stock owned by the Company or the Company Subsidiary immediately prior to the Effective Time of the Merger shall be automatically canceled and extinguished without any exchange thereof and without any further action on the part of BuyerItron, Merger Sub Combination Company or the Company.

Cancellation of Company-Owned Stock. Each share of Company Common Stock owned by the Company or the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled and extinguished without any exchange thereof and without any further action on the part of BuyerParent, Merger Sub or the Company.