Common use of Cancellation of Treasury Shares Clause in Contracts

Cancellation of Treasury Shares. At the Effective Time, each share of Company Common Stock held as treasury stock or otherwise held by the Company, if any, immediately prior to the Effective Time shall automatically be cancelled and retired and cease to exist, and no Merger Consideration shall be exchanged therefor (collectively, the “Excluded Shares”).

Cancellation of Treasury Shares. At the Effective Time, each Each share of Company Common Stock held as in the Company treasury stock or otherwise held by the Companyand each share of Company Common Stock, if any, owned by any wholly-owned subsidiary of the Company immediately prior to the Effective Time shall automatically be cancelled canceled and retired and cease to exist, and no Merger Consideration shall be exchanged therefor (collectively, the “Excluded Shares”)extinguished without any conversion thereof.

Cancellation of Treasury Shares. At the Effective Time, each share Any shares of Company Common Stock held owned by the Company as treasury stock or otherwise owned, directly or indirectly, by Parent or the Company or any of their respective wholly-owned Subsidiaries (other than those held by the Companyin a fiduciary capacity or as a result of debts previously contracted) (“Treasury Shares”), if any, immediately prior to the Effective Time shall automatically be cancelled and retired and shall cease to exist, exist at the Effective Time of the Merger and no Merger Consideration consideration shall be exchanged therefor (collectively, the “Excluded Shares”)issued in exchange therefor.

Cancellation of Treasury Shares. At the Effective Time, each share of Company Common Stock held as treasury stock or otherwise held by the Company, if any, immediately prior to the Effective Time shall automatically be cancelled and retired and cease to exist, and no Merger Consideration shall be exchanged therefor (collectively, the “Excluded Shares”)therefor.

Cancellation of Treasury Shares. At the Effective Time, each Each share of Company Common Stock held as in the Company treasury stock or otherwise held by the Companyand each share of Company Common Stock, if any, owned by any wholly owned Subsidiary of the Company immediately prior to the Effective Time shall automatically be cancelled canceled and retired and cease to exist, and no Merger Consideration shall be exchanged therefor (collectively, the “Excluded Shares”)extinguished without any conversion thereof.

Cancellation of Treasury Shares. At the Effective Time, each Each share of Company ------------------------------- Common Stock held as in the Company treasury stock or otherwise held by the Company, if any, immediately prior to the Effective Time Time, by virtue of the Merger and without any action on the part of the holder thereof, shall automatically cease to be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist, and no Merger Consideration shall be exchanged therefor (collectively, the “Excluded Shares”).

Cancellation of Treasury Shares. At the Effective Time, each Each share of the Company Common Stock held as in the treasury stock or otherwise held by of the Company, if any, Company immediately prior to the Effective Time Time, shall automatically be cancelled and retired and shall cease to exist, and no Merger Consideration consideration shall be exchanged therefor (collectively, the “Excluded Shares”)delivered in exchange therefor.

Cancellation of Treasury Shares. At the Effective Time, each Each share of Company Common Stock held as in the Company treasury stock or otherwise held by the Companyand each share of Company Common Stock, if any, owned by any Subsidiary of the Company immediately prior to the Effective Time shall automatically be cancelled and retired and cease to exist, and no Merger Consideration shall be exchanged therefor (collectively, the “Excluded Shares”)remain outstanding.

Cancellation of Treasury Shares. At the Effective Time, each share of Any Company Common Stock held as treasury stock or otherwise held by the Company, if any, Company or owned by any direct or indirect wholly-owned subsidiary of the Company immediately prior to the Effective Time shall automatically be cancelled canceled and retired and cease to exist, and no Merger Consideration shall be exchanged therefor (collectively, the “Excluded Shares”)extinguished without any conversion thereof.

Cancellation of Treasury Shares. At the Effective Time, each Each share of Company Common Stock held as in the Company treasury stock or otherwise held by the Companyand each share of Company Common Stock, if any, owned by any wholly owned Subsidiary of the Company immediately prior to the Effective Time shall automatically be cancelled and retired and cease to exist, and no Merger Consideration shall be exchanged therefor (collectively, the “Excluded Shares”)extinguished without any conversion thereof.

Cancellation of Treasury Shares. At the Effective Time, each share of Any Company Common Stock held as treasury stock or otherwise and any other securities of Company that are held by the Company, if any, immediately prior to Company and not issued and outstanding as of the Effective Time shall (including as treasury stock) or that are held by Parent or Merger Sub will be automatically be cancelled and retired and will cease to exist, exist and no Merger Consideration shall consideration will be exchanged therefor (collectively, the “Excluded Shares”)delivered in exchange therefor.

Cancellation of Treasury Shares. At Any Company Common Shares held in the Effective Time, each share treasury of the Company and any shares of Company Common Stock held as treasury stock Shares owned by any direct or otherwise held by indirect wholly owned subsidiary of the Company, if any, Company immediately prior to the Effective Time shall automatically be cancelled canceled and retired and cease to exist, extinguished without any conversion thereof and no Merger Consideration payment shall be exchanged therefor (collectively, the “Excluded Shares”)made with respect thereto.

Cancellation of Treasury Shares. At the Effective Time, each share Each Share of Company Common Stock held as treasury stock or otherwise held by the Company, if any, issued and outstanding immediately prior to the Effective Time that is owned by the Company or Parent or any of their respective wholly owned subsidiaries shall automatically be cancelled and retired and shall cease to exist, and no Merger Consideration consideration shall be exchanged therefor (collectively, the “Excluded Shares”)delivered or deliverable in exchange therefor.

Cancellation of Treasury Shares. At the Effective Time, each Each share of Company Common Stock held as in the Company treasury stock or otherwise held by the Company, if any, immediately prior to the Merger Effective Time shall automatically be cancelled canceled and retired and cease to existextinguished without any conversion thereof, and no Merger Consideration merger consideration or other consideration shall be exchanged therefor (collectively, the “Excluded Shares”)delivered in exchange therefor.

Cancellation of Treasury Shares. At the Effective Time, each Each share of Company Common Capital Stock held as treasury stock or otherwise held by the Company, if any, Company or any direct or indirect wholly‑owned Subsidiary of the Company immediately prior to the First Step Merger Effective Time shall automatically be cancelled and retired extinguished without any conversion thereof and cease to exist, and no Merger Consideration shall be exchanged therefor (collectively, the “Excluded Shares”)without payment of any cash consideration.

Cancellation of Treasury Shares. At the Effective Time, each Each share of Company Common Stock held as in the Company treasury stock or otherwise held by the Company, if any, Company Subsidiary immediately prior to the Effective Time Time, by virtue of the Merger and without any action on the part of the holder thereof, shall automatically cease to be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist, and no Merger Consideration shall be exchanged therefor (collectively, the “Excluded Shares”).

Cancellation of Treasury Shares. At the Effective Time, each Each share of Company Common Stock ------------------------------- that is (i) held as in the treasury stock or otherwise held by of the Company, if any(ii) authorized but unissued, or (iii) owned by any Company Subsidiary, immediately prior to the Effective Time shall automatically be cancelled canceled and retired and cease to exist, and no Merger Consideration shall be exchanged therefor (collectively, the “Excluded Shares”)extinguished without any conversion thereof or other consideration in exchange therefor.

Cancellation of Treasury Shares. At the Effective Time, each share Any shares of Company Common Stock held owned by the Company as treasury stock or otherwise owned, directly or indirectly, by Parent or the Company or any of their respective wholly-owned Subsidiaries (other than those held by the Companyin a fiduciary capacity or as a result of debts previously contracted) (“Treasury Shares”), if any, immediately prior to the Effective Time shall automatically be cancelled and retired and shall cease to exist, exist at the Effective Time of the First Merger and no Merger Consideration consideration shall be exchanged therefor (collectively, the “Excluded Shares”)issued in exchange therefor.

Cancellation of Treasury Shares. At the Effective Time, each Each share of Company Common Stock held as treasury stock or otherwise held by the CompanyStock, if any, that is owned immediately prior to the Effective Time by the Company or Parent shall automatically be cancelled canceled and retired and cease to exist, and no Merger Consideration shall be exchanged therefor (collectively, the “Excluded Shares”).retired. Section 2.2

Cancellation of Treasury Shares. At Each share of Company Common Stock held in the Effective Time, treasury of the Company and each share of Company Common Stock held as treasury stock owned or otherwise held held, directly or indirectly, by the Company, if any, Company or its wholly-owned subsidiaries in each case immediately prior to the Effective Time Time, shall automatically be cancelled and retired and shall cease to exist, exist without any conversion thereof and no Merger Consideration payment of cash or any other consideration or distribution shall be exchanged therefor (collectively, the “Excluded Shares”)made with respect thereto.

Cancellation of Treasury Shares. At Each share of Company Common Stock ------------------------------- held in the Effective Time, treasury of the Company and each share of Company Common Stock held as treasury stock or otherwise held by the CompanyStock, if any, owned by Merger Sub, immediately prior to the Effective Time shall automatically be cancelled canceled and retired and cease to exist, and no Merger Consideration shall be exchanged therefor (collectively, the “Excluded Shares”)extinguished without any conversion thereof.

Cancellation of Treasury Shares. At the Effective Time, each Each share of Company Common Stock held by the Company or any subsidiary of the Company as treasury stock or otherwise and each share of Company Preferred Stock held by the Company, if any, Company or any subsidiary of the Company as treasury stock immediately prior to the Effective Time (collectively, "Treasury Shares") shall automatically be cancelled canceled and retired and cease to exist, and no Merger Consideration consideration or payment shall be exchanged delivered therefor (collectively, the “Excluded Shares”)or in respect thereof.