Common use of Cancellation of Shares Clause in Contracts

Cancellation of Shares. Each Excluded Company Share shall, by virtue of the Merger and without any action on the part of the holder thereof, no longer be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 7 contracts

Samples: Agreement and Plan of Merger (NCR Corp), Agreement and Plan of Merger (Radiant Systems Inc), Agreement and Plan of Merger (Verifone Systems, Inc.)

AutoNDA by SimpleDocs

Cancellation of Shares. Each Excluded Company Share shall, by virtue of the Merger and without any action on the part of the holder thereof, no longer cease to be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 7 contracts

Samples: Agreement and Plan of Merger (Cardinal Health Partners Lp), Agreement and Plan of Merger (Sterling Venture Partners L P), Agreement and Plan of Merger (Saxon Capital Inc)

Cancellation of Shares. Each Excluded Company Share shall, by virtue of the Merger and without any action on the part of the holder thereof, no longer cease to be outstanding, shall be cancelled canceled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (MCN Energy Group Inc), Agreement and Plan of Merger (Detroit Edison Co), Agreement and Plan of Merger (Detroit Edison Co)

Cancellation of Shares. Each Excluded Company Share shallwill, by virtue of the Merger and without any action on the part of the holder thereofholder, no longer be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall will cease to exist.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Black Hills Corp /Sd/), Agreement and Plan of Merger, Agreement and Plan of Merger (Great Plains Energy Inc)

Cancellation of Shares. Each of the Excluded Company Share Shares (other than Dissenting Shares) shall, by virtue of the Merger and without any action on the part of the holder thereofits holder, no longer cease to be outstanding, shall be cancelled and retired shall cease to exist without payment of any consideration therefor and shall cease to existor distribution therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (China GrenTech CORP LTD), Agreement and Plan of Merger (China GrenTech CORP LTD)

Cancellation of Shares. Each At the Effective Time, each Excluded Company Share shallShare, by virtue of the Merger and without any action on the part of the holder thereof, shall no longer be outstanding, shall be cancelled and retired without payment of any consideration therefor therefor, and shall cease to exist.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (INPHI Corp), Agreement and Plan of Merger (INPHI Corp)

Cancellation of Shares. Each Excluded Company Share issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, no longer cease to be outstanding, shall be cancelled canceled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Dsi Toys Inc), Agreement and Plan of Merger (Park Pharmacy Corp)

Cancellation of Shares. Each Excluded Company Share issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, no longer be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (SBC Communications Inc), Agreement and Plan of Merger (Ameritech Corp /De/)

Cancellation of Shares. Each Excluded Company Share shall, by virtue of the Merger and without any action on the part of the holder thereof, no longer cease to be outstanding, shall be automatically cancelled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Biomet Inc), Agreement and Plan of Merger (Interpore International Inc /De/)

Cancellation of Shares. Each Excluded Company Share shall, by virtue of the Merger 1 and without any action on the part of the holder thereofof such Excluded Share, no longer cease to be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Greenlane Holdings, Inc.), Agreement and Plan of Merger (KushCo Holdings, Inc.)

Cancellation of Shares. Each Excluded Company Share issued and outstanding immediately prior to the Effective Time and owned directly by Keystone, Merger Sub or the Company shall, by virtue of the Merger and without any action on the part of the holder thereof, no longer be outstanding, shall be cancelled canceled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Keystone Automotive Industries Inc), Agreement and Plan of Merger (Republic Automotive Parts Inc)

Cancellation of Shares. Each Excluded Company Share shall, by virtue of the Merger Merger, and without any action on the part of the holder thereof, no longer cease to be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 2 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (America West Airlines Inc)

AutoNDA by SimpleDocs

Cancellation of Shares. Each Excluded Company Share shall cease to be outstanding, shall, by virtue of the Merger and without any action on the part of the holder thereofMerger, no longer be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Oerlikon Buhrle Usa Inc)

Cancellation of Shares. Each Excluded Company Share shall, by virtue of the Merger and without any action on the part of the holder thereof, no longer cease to be outstanding, shall be cancelled and retired without payment of any consideration considera tion therefor and shall cease to exist.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Abr Information Services Inc)

Cancellation of Shares. Each Excluded Company Share shall, by virtue of the Merger and without any action on the part of the holder thereof, no longer cease to be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist.. LA_LAN01:179306.23

Appears in 1 contract

Samples: Agreement and Plan of Merger (Occidental Petroleum Corp /De/)

Cancellation of Shares. Each Excluded Company Share shall, by virtue of issued and outstanding immediately prior to the Merger and without any action on the part of the holder thereof, Effective Time shall no longer be outstanding, shall be cancelled canceled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 1 contract

Samples: Agreement and Plan of Merger (SWWT Inc)

Cancellation of Shares. Each Excluded Company Share shall, by virtue of the Merger Amalgamation and without any action on the part of the holder thereof, no longer cease to be outstanding, shall be cancelled canceled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 1 contract

Samples: Amalgamation Agreement (Teekay Shipping Corp)

Cancellation of Shares. Each Excluded Company Share shall, by virtue of the Merger and without any action on the part of the holder thereof, no longer shall cease to be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 1 contract

Samples: Agreement and Plan of Merger (MKS Instruments Inc)

Cancellation of Shares. Each Excluded Company Cancelled Share shall, by virtue of the Merger and without any action on the part of the Company, Parent, Merger Sub or the holder thereof, no longer cease to be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Coinmach Service Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.