Common use of Cancellation of Excluded Shares Clause in Contracts

Cancellation of Excluded Shares. Each Excluded Share (other than the Dissenting Shares) issued and outstanding immediately prior to the Effective Time, by virtue of the Merger and without any action on the part of its holder, shall be cancelled and shall cease to exist as of the Effective Time, and no consideration shall be delivered with respect thereto.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Exceed Co Ltd.), Agreement and Plan of Merger (Jinpan International LTD), Agreement and Plan of Merger (New Horizon Capital Iii, L.P.)

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Cancellation of Excluded Shares. Each Excluded Share (other than the Dissenting Shares) issued and outstanding immediately prior to At the Effective Time, by virtue as a result of the Merger and without any action on the part of its holderthe Parties or any holder of any shares of capital stock of the Company, each Excluded Share issued immediately prior to the Effective Time shall be cancelled without payment of any consideration therefor and shall cease to exist as of the Effective Time, and no consideration shall be delivered with respect theretoexist.

Appears in 3 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Ventas, Inc.), Agreement and Plan of Merger (New Senior Investment Group Inc.)

Cancellation of Excluded Shares. Each At the Effective Time, each Excluded Share (other than the Dissenting Shares) that is issued and outstanding immediately prior to the Effective TimeTime shall, by virtue of the Merger and without any action on the part of its holderthe holder thereof, cease to be outstanding, shall be cancelled canceled and retired without payment of any consideration therefor and shall cease to exist as of the Effective Time, and no consideration shall be delivered with respect theretoexist.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Fair Isaac & Company Inc), Agreement and Plan of Merger (HNC Software Inc/De), Agreement and Plan of Merger (Moore Medical Corp)

Cancellation of Excluded Shares. Each Excluded Share (other than the Dissenting Shares) issued and outstanding immediately prior to the Effective Time, by virtue of the Merger and without any action on the part of its holder, shall be cancelled and shall cease to exist as of the Effective Time, and no consideration shall be delivered with respect thereto.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Newater Technology, Inc.), Agreement and Plan of Merger

Cancellation of Excluded Shares. Each Excluded Share (other than the Dissenting Shares) issued and outstanding immediately prior to At the Effective Time, by virtue as a result of the Merger and without any action on the part of its holderthe Parties or any holder of any shares of capital stock or limited liability company interests, as applicable, of Parent, Merger Sub or the Company, each Excluded Share issued and outstanding immediately prior to the Effective Time shall cease to be outstanding, be cancelled without payment of any consideration therefor and shall cease to exist as of the Effective Time, and no consideration shall be delivered with respect theretoexist.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Sabra Health Care REIT, Inc.), Agreement and Plan of Merger (Care Capital Properties, Inc.)

Cancellation of Excluded Shares. Each Excluded Share (other than the Dissenting Shares) issued and outstanding immediately prior to At the Effective Time, by virtue as a result of the Merger and without any action on the part of its holderthe Parties or any holder of any shares of capital stock of Parent or the Company, each Excluded Share issued and outstanding immediately prior to the Effective Time shall cease to be outstanding, shall be cancelled canceled without payment of any consideration therefor and shall cease to exist as of the Effective Time, and no consideration shall be delivered with respect theretoexist.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Weingarten Realty Investors /Tx/), Agreement and Plan of Merger (Kimco Realty Corp)

Cancellation of Excluded Shares. Each Excluded Share (other than the Dissenting Shares) issued and outstanding immediately prior to the Effective TimeTime shall, by virtue of the Merger and without any action on the part of its holderthe holder thereof, cease to be outstanding, shall be cancelled canceled and retired without payment of any consideration therefor and shall cease to exist as of the Effective Time, and no consideration shall be delivered with respect thereto.exist. (c)

Appears in 2 contracts

Samples: Annex B Agreement and Plan of Merger (Chips & Technologies Inc), 1 Agreement and Plan of Merger (Intel Corp)

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Cancellation of Excluded Shares. Each Excluded Share (other than the Dissenting Shares) issued ------------------------------- and outstanding immediately prior to the Effective TimeTime shall, by virtue of the Merger and without any action on the part of its holderthe holder thereof, cease to be outstanding, shall be cancelled canceled and retired without payment of any consideration therefor and shall cease to exist as of the Effective Time, and no consideration shall be delivered with respect theretoexist.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (International Technology Corp), Agreement and Plan of Merger (Fluor Daniel Gti Inc)

Cancellation of Excluded Shares. Each Excluded Share (other than the Dissenting Shares) issued and outstanding immediately prior to At the Effective Time, by virtue as a result of the Merger and without any action on the part of its holderthe Parties or any holder of any shares of capital stock of Parent or the Company, each Excluded Share issued and outstanding immediately prior to the Effective Time shall cease to be outstanding, be cancelled without payment of any consideration therefor and shall cease to exist as of the Effective Time, and no consideration shall be delivered with respect theretoexist.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cousins Properties Inc)

Cancellation of Excluded Shares. Each Excluded Share (other than the Dissenting Shares) issued and outstanding immediately prior to At the Effective Time, by virtue as a result of the Merger and without any action on the part of its holderthe Parties or any holder of any shares of capital stock of Safe or Star, each Excluded Share issued and outstanding immediately prior to the Effective Time shall cease to be outstanding, be cancelled without payment of any consideration therefor and shall cease to exist as of the Effective Time, and no consideration shall be delivered with respect theretoexist.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Istar Inc.)

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