Cancellation of Company-Owned Stock. Subject to the terms and conditions of this Agreement, at the Effective Time, by virtue of the Merger and without any action on the part of any holder of any Company Capital Stock, each share of Company Capital Stock held in the Company’s treasury (“Treasury Shares”) or owned by the Company, Parent or Merger Sub immediately prior to the Effective Time shall be cancelled and extinguished without any conversion thereof or payment of consideration therefor (such shares of Company Capital Stock, together with any Dissenting Shares, the “Disregarded Shares”).
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Ellie Mae Inc), Agreement and Plan of Merger (Vonage Holdings Corp), Agreement and Plan of Merger (Vonage Holdings Corp)
Cancellation of Company-Owned Stock. Subject to the terms and conditions of this Agreement, at the Effective Time, by virtue of the First Merger and without any action on the part of any holder of any Company Capital Stock, each share of Company Capital Stock held in the Company’s treasury (“Treasury Shares”) or owned by the Company, Parent or either Merger Sub immediately prior to the Effective Time shall be cancelled and extinguished without any conversion thereof or payment of any consideration therefor (such shares of Company Capital Stock, together with any Dissenting Shares, the “Disregarded Shares”)therefor.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Sumo Logic, Inc.), Agreement and Plan of Reorganization (Sumo Logic, Inc.)
Cancellation of Company-Owned Stock. Subject to Notwithstanding the terms and conditions provisions of this Agreement, at the Effective Time, by virtue of the Merger and without any action on the part of any holder of any Company Capital StockSection 2.1(c) below, each share of Company Capital Stock held by the Company or in the Company’s treasury (“Treasury Shares”) or of the Company and each share of Company Capital Stock owned by Buyer or any direct or indirect wholly-owned Subsidiary of Buyer or of the Company, Parent or Merger Sub Company immediately prior to the Effective Time shall be cancelled and extinguished without any conversion thereof or and without payment of any consideration therefor (such shares of Company Capital Stock, together with any Dissenting Shares, the “Disregarded Shares”)therefor.
Appears in 1 contract
Samples: Agreement and Plan of Merger (IntraLinks Holdings, Inc.)
