Common use of Cancellation of Company's Common Stock Clause in Contracts

Cancellation of Company's Common Stock. As of the Effective Time, the Company's Common Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and holders of certificates representing the Company's Common Stock shall cease to have any rights with respect thereto, except the right to receive the Merger Consideration.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Kushi Natural Foods Corp), Agreement and Plan of Merger (Multi Solutions Inc), Agreement and Plan of Merger (Multi Solutions Inc)

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Cancellation of Company's Common Stock. As of the Effective Time, the Company's Common Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and holders of certificates representing the Company's Common Stock shall cease to have any rights with respect thereto, except the right to receive the Merger ConsiderationExchange Stock.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Wi-Tron, Inc.)

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