Rolled Shares Sample Clauses
Rolled Shares. Each Rolled Share owned, directly or indirectly, by Family LLC, Parent or the Family Shareholders immediately prior to the Effective Time will, by virtue of the Merger and without any action on the part of the holder thereof, be cancelled and will cease to exist, and no consideration will be delivered in exchange for such cancellation.
Rolled Shares. Pursuant to Section 1.5(e) of the Merger Agreement, at the Effective Time, the Rolled Shares shall be converted into an aggregate of 1,340,219 shares of MEDIQ Series B Preferred Stock and 109,781 shares of MEDIQ Common Stock, allocated among the holders of the Rolled Shares as provided on Schedule A hereto underneath the caption "▇▇▇▇▇ Investors". As a result of their conversion pursuant to Section 1.5(e) of the Merger Agreement, all of the Rolled Shares shall cease to be outstanding and shall be automatically canceled and retired and the holders of the certificates previously evidencing such Rolled Shares shall cease to have any rights with respect to such Rolled Shares except as otherwise provided in the Merger Agreement or by law.