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

Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares that are owned by the Company or any wholly-owned subsidiary of the Company and any Shares owned by the Parent or any wholly-owned subsidiary of the Parent shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Extendicare Health Services Inc), Agreement and Plan of Merger (Advanced Environmental Systems Inc), Agreement and Plan of Merger (Arbor Health Care Co /De/)

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Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares that are owned by the Company or any wholly-owned subsidiary Subsidiary of the Company and any Shares owned by the Parent, Purchaser or any Subsidiary of Parent or any wholly-owned subsidiary of the Parent Purchaser shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 5 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Detection Systems Inc), Agreement and Plan of Merger (Dyson Kissner Moran Corp)

Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares that are owned by the Company or any wholly-owned subsidiary Subsidiary of the Company and any Shares owned by Parent, the Purchaser or any Subsidiary of Parent or any wholly-owned subsidiary of the Parent Purchaser shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Sunbeam Corp/Fl/), Agreement and Plan of Merger (Sunbeam Corp/Fl/), Agreement and Plan of Merger (First Alert Inc)

Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares shares of Company Common Stock that are owned by the Company or Company, any wholly-owned subsidiary Subsidiary of the Company and any Shares owned by the Company, Parent or any wholly-owned subsidiary Subsidiary of Parent immediately prior to the Parent Effective Time shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Cemex Sa De Cv), Agreement and Plan of Merger (Puerto Rican Cement Co Inc), Agreement and Plan of Merger (Cemex Sa De Cv)

Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares that are owned by the Company or any wholly-owned subsidiary of the Company as treasury stock and any Shares owned by the Parent Purchaser or any wholly-owned subsidiary Subsidiary of the Parent Purchaser shall be cancelled and retired and shall cease to exist exist, and no consideration shall be delivered in exchange therefor.

Appears in 3 contracts

Samples: Agreement and Plan of Merger and Reorganization (DG FastChannel, Inc), Agreement and Plan of Merger and Reorganization (New 360), Agreement and Plan of Merger and Reorganization (Point 360)

Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares that are owned by the Company or any wholly-owned subsidiary Subsidiary of the Company (other than by Benefit Plans) and any Shares owned by the Parent, Purchaser or any Subsidiary of Parent or Purchaser (other than shares owned by any wholly-owned subsidiary employee benefit plan of the Parent, Purchaser or any Subsidiary of Parent or Purchaser) shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Welbilt Corp), 5 Agreement and Plan of Merger (Scotsman Industries Inc)

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Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares that are owned by the Company or any wholly-owned subsidiary Subsidiary of the Company and any Shares owned by the Parent, Purchaser or any Subsidiary of Parent or any wholly-owned subsidiary of the Parent shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.Purchaser

Appears in 1 contract

Samples: Iii 5 Agreement and Plan of Merger (Hasbro Inc)

Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares Any shares of Company Stock that are owned by the Company as treasury stock and any shares that are owned by Purchaser, Newco or any other wholly-owned subsidiary Subsidiary of the Company and any Shares owned by the Parent or any wholly-owned subsidiary of the Parent Purchaser shall be cancelled and retired and shall cease to exist and no stock of Purchaser or other consideration shall be delivered in exchange therefor. All shares of Purchaser Common Stock owned by Company shall remain unaffected by the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Internet Security Systems Inc/Ga)

Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares Any ------------------------------------------------------------ shares of Company Stock that are owned directly or indirectly by the Company as treasury stock and any shares that are owned by the Company Purchaser, Newco or any other wholly-owned subsidiary Subsidiary of the Company and any Shares owned by the Parent or any wholly-owned subsidiary of the Parent Purchaser shall be cancelled and retired and shall cease to exist and no stock of Purchaser or other consideration shall be delivered in exchange therefor. All shares of Purchaser Common Stock owned by Company shall remain unaffected by the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Concurrent Computer Corp/De)

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