Common use of Cancellation of Treasury and Parent-Owned Shares Clause in Contracts

Cancellation of Treasury and Parent-Owned Shares. Each Share held by the Company or owned by Merger Sub, Parent or any direct or indirect wholly-owned subsidiary of the Company or of Parent immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 7 contracts

Samples: Agreement and Plan of Merger (Sybase Inc), Agreement and Plan of Merger (Extended Systems Inc), Agreement and Plan of Merger (Electronic Clearing House Inc)

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Cancellation of Treasury and Parent-Owned Shares. Each Share All Company Common Stock held by the Company or owned by Merger Sub, Parent or any direct or indirect wholly-owned subsidiary of the Company or of Parent immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (3com Corp), Agreement and Plan of Merger (Reptron Electronics Inc), Agreement and Plan of Merger (Tippingpoint Technologies Inc)

Cancellation of Treasury and Parent-Owned Shares. Each Company Ordinary Share held by the Company or owned by Merger SubParent, Parent or any direct or indirect wholly-wholly owned subsidiary Subsidiary of the Company or of Parent Parent, immediately prior to the Effective Time shall be canceled and extinguished cancelled without any conversion thereof.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Harmonic Inc), Agreement and Plan of Merger (Scopus Video Networks Ltd.), Agreement and Plan of Merger (Scopus Video Networks Ltd.)

Cancellation of Treasury and Parent-Owned Shares. Each Share All Company Common Stock held by the Company or owned by Merger Sub, Parent Parent, or any direct or indirect wholly-owned subsidiary of the Company or of Parent immediately prior to the Effective Time Date shall be canceled and extinguished without any conversion thereof.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Becoming Art Inc), Agreement and Plan of Merger (Becoming Art Inc)

Cancellation of Treasury and Parent-Owned Shares. Each Share share of Company Common Stock held by the Company or owned by Merger Sub, Parent or any direct or indirect wholly-wholly owned subsidiary Subsidiary of any of the Company or of Parent foregoing immediately prior to the Effective Time Closing shall be canceled and extinguished without any conversion or payment in respect thereof.

Appears in 2 contracts

Samples: Merger Agreement (Fifth Wall Acquisition Corp. I), Merger Agreement (Motion Acquisition Corp.)

Cancellation of Treasury and Parent-Owned Shares. Each Company Share held by the Company or owned by Merger Sub, Parent or any direct or indirect wholly-owned subsidiary Subsidiary of the Company or of Parent immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Zebra Technologies Corp/De)

Cancellation of Treasury and Parent-Owned Shares. Each Share held share of Company Common Stock owned by Parent, Holdco, the Company or owned by Merger Sub, Parent or any direct or indirect wholly-wholly owned subsidiary Subsidiary of Parent or the Company or of Parent immediately prior to the Transaction Effective Time shall be canceled cancelled and extinguished without any conversion or payment in respect thereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Andina Acquisition Corp. II)

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Cancellation of Treasury and Parent-Owned Shares. Each Share held by the Company or owned by Company, Parent, Merger Sub, Parent Sub or any direct or indirect wholly-owned subsidiary of the Company or of Parent immediately prior to the Effective Time (including the Rollover Shares) shall be canceled and extinguished without any conversion thereofthereof or payment therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tarrant Apparel Group)

Cancellation of Treasury and Parent-Owned Shares. Each Share share of Company Capital Stock held by the Company or owned by Merger Sub, Parent or any direct or indirect wholly-owned subsidiary Subsidiary of the Company or of Parent immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sybase Inc)

Cancellation of Treasury and Parent-Owned Shares. Each Company Ordinary Share held by the Company Parent or owned by Merger Sub, Parent the Company or any direct or indirect wholly-wholly owned subsidiary of Parent or the Company or of Parent immediately prior to the Effective Time shall be canceled and extinguished without any conversion or payment in respect thereof.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Andina Acquisition Corp)

Cancellation of Treasury and Parent-Owned Shares. Each Share Notwithstanding the provisions of Section 2.5(a) above, each share of Company Capital Stock held by the Company or owned by Merger Sub, Parent or any direct or indirect wholly-owned subsidiary Subsidiary of the Company or of Parent immediately prior to the Effective Time shall be canceled cancelled and extinguished without any conversion thereofthereof and without any additional consideration therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Aspect Software Group Holdings Ltd.)

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