Common use of Cancellation of Treasury Stock and Buyer-Owned Stock Clause in Contracts

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share of Company Stock held in the treasury of the Company and any shares of Company Stock owned by Buyer, Merger Sub or any other subsidiary of Buyer will be canceled automatically without conversion thereof and no payment or distribution will be made with respect thereto.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share of Company Stock held in the treasury of that is owned by the Company as treasury stock and any shares each share of Company Stock that is owned by the Buyer, Merger Sub the Transitory Subsidiary or any other subsidiary Subsidiary of the Buyer will as of immediately prior to the Effective Time shall be canceled automatically without conversion thereof cancelled and shall cease to exist and no payment or distribution will consideration shall be made with respect theretodelivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share of At the Effective Time, all Company Stock held in the treasury of Shares that are owned by the Company as treasury stock and any shares of Company Stock Shares owned by the Buyer, Merger Sub the Transitory Subsidiary or any other wholly owned subsidiary of the Buyer will immediately prior to the Effective Time shall, by virtue of the Merger, be canceled automatically without conversion thereof cancelled and shall cease to exist and no payment or distribution will consideration shall be made with respect theretodelivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of Company Stock held in the treasury capital stock of the Company that are owned by the Company as treasury stock and any shares of the capital stock of the Company Stock owned by Buyer, Merger Sub or any other subsidiary wholly owned Subsidiary (as defined in Section 3.1(a) below) of the Company or Buyer will immediately prior to the Effective Time shall be canceled automatically without conversion thereof cancelled and shall cease to exist and no payment or distribution will consideration shall be made with respect theretodelivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share of Company Stock held in the treasury of that is owned by the Company as treasury stock and any shares each share of Company Stock that is owned by the Buyer, Merger Sub the Transitory Subsidiary or any other wholly-owned direct or indirect subsidiary of the Buyer will as of immediately prior to the Effective Time shall be canceled automatically without conversion thereof cancelled and shall cease to exist and no payment or distribution will consideration shall be made with respect theretodelivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share At the Effective Time, all shares of Company Stock held in the treasury of that are owned by the Company as treasury stock and any shares of Company Stock owned by the Buyer, Merger Sub the Transitory Subsidiary or any other subsidiary wholly owned Subsidiary of the Buyer will immediately prior to the Effective Time shall, by virtue of the Merger, be canceled automatically without conversion thereof cancelled and shall cease to exist and no payment or distribution will consideration shall be made with respect theretodelivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each At the Effective Time, by virtue of the First Merger and without any action on the part of the Buyer, the Company, any holder of Company Stock or any other Person, each share of Company Stock held in the treasury of that is owned by the Company as treasury stock and any shares each share of Company Stock that is owned by the Buyer, any Merger Sub Subsidiary or any other wholly-owned direct or indirect subsidiary of the Buyer will as of immediately prior to the Effective Time shall be canceled automatically without conversion thereof cancelled and shall cease to exist and no payment or distribution will consideration shall be made with respect theretodelivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share At the Effective Time, and without any further action on the part of Buyer, Merger Sub or the Company, all shares of Company Stock held in the treasury of that are owned by the Company as treasury stock and any shares of Company Stock owned by Buyer, Merger Sub or any other subsidiary wholly owned Subsidiary of Buyer will immediately prior to the Effective Time shall, by virtue of the Merger, be canceled automatically without conversion thereof cancelled and shall cease to exist and no payment or distribution will consideration shall be made with respect theretodelivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share of Company Stock All Shares that are (i) held in the treasury of by the Company and any as treasury shares of Company Stock or (ii) owned by BuyerBuyer immediately prior to the Effective Time, Merger Sub or any other subsidiary shall be cancelled and retired and shall cease to exist, and no securities of Buyer will or other consideration shall be canceled automatically without conversion thereof and no payment or distribution will be made with respect theretodelivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of Company Stock held in the treasury capital stock of the Company that are owned by the Company as treasury stock and any shares of the capital stock of the Company Stock owned by Buyer, Merger Sub or any other subsidiary wholly owned Subsidiary (as defined in Section 3.1(a) below) of the Company or Buyer will immediately before the Effective Time shall be canceled automatically without conversion thereof cancelled and shall cease to exist and no payment or distribution will consideration shall be made with respect theretodelivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share of Company Stock held in that is owned by the Company as treasury stock or by any wholly-owned direct or indirect Subsidiary of the Company and any shares each share of Company Stock that is owned by the Buyer, Merger Sub the Transitory Subsidiary or any other wholly-owned direct or indirect subsidiary of the Buyer will as of immediately prior to the Effective Time shall be canceled automatically without conversion thereof cancelled and shall cease to exist and no payment or distribution will consideration shall be made with respect theretodelivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share of Company Stock held in the treasury of that is owned by the Company as treasury stock and any shares each share of Company Stock that is owned by the Buyer, the Merger Sub or any other wholly-owned direct or indirect subsidiary of the Buyer will as of immediately prior to the Effective Time shall be canceled automatically without conversion thereof cancelled and shall cease to exist and no payment or distribution will consideration shall be made with respect theretodelivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each Any share of Company Stock held in the treasury of that is owned by the Company as treasury stock and any shares share of Company Stock that is owned by the Buyer, Merger Sub the Transitory Subsidiary or any other wholly-owned direct or indirect subsidiary of the Buyer will as of immediately prior to the Effective Time shall be canceled automatically without conversion thereof cancelled and shall cease to exist and no payment or distribution will consideration shall be made with respect theretodelivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share ---------------------------------------------------- of Company Stock held in the treasury capital stock of the Company and any shares of that is held by the Company Stock in its treasury or that is owned by Buyer, Merger Sub Buyer or any other subsidiary Subsidiary of Buyer will immediately prior to the Effective Time shall automatically be canceled automatically without conversion thereof retired and shall cease to exist, and no payment or distribution will Merger Consideration shall be made with respect theretodelivered in exchange therefor.