Common use of Treasury Shares Clause in Contracts

Treasury Shares. Each Share issued and outstanding immediately prior to the Effective Time which is then held as a treasury share by the Company immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the Company, be canceled and retired and cease to exist, without any conversion thereof.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Transport Holdings Inc), Agreement and Plan of Merger (Pioneer Financial Services Inc /De), Agreement and Plan of Merger (Conseco Inc Et Al)

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Treasury Shares. Each Share issued and outstanding immediately --------------- prior to the Effective Time which is then held as a treasury share by the Company immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the Company, be canceled cancelled and retired and cease to exist, without any conversion thereof.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Evergreen Media Corp), Agreement and Plan of Merger (Ginsburg Scott K), Agreement and Plan of Merger (Ginsburg Scott K)

Treasury Shares. Each Share issued and outstanding immediately prior to At the Effective Time which is then Time, each Share held as a in the treasury share by of the Company and each Share held by Parent, Acquisition Sub or any other Affiliate of Parent immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of Acquisition Sub, the CompanyCompany or the holder thereof, be canceled and retired and cease to exist, without any conversion thereofexist and no payment shall be made with respect thereto.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (SWK Holdings Corp), Agreement and Plan of Merger (Information Services Group Inc.)

Treasury Shares. Each Share issued and outstanding immediately prior to Effective as of the Effective Time which is then held as a treasury share by the Company immediately prior to the Effective Time shallTime, by virtue of the Merger and without any further action on the part of Parent, Merger Sub, the CompanyCompany or their respective stockholders, each share of Company Stock that is issued and outstanding and held by either the Company or any of its Subsidiaries as of immediately prior to the Effective Time (“Treasury Shares”) shall be canceled and retired and cease to exist, cancelled without any conversion thereofconsideration paid therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ooma Inc)

Treasury Shares. Each Share issued and outstanding immediately prior to the Effective Time which is then held as a treasury share by the Company immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the Company, be canceled cancelled and retired and cease to exist, without any conversion thereof.. (c)

Appears in 1 contract

Samples: Agreement and Plan of Merger (Evergreen Media Corp)

Treasury Shares. Each Share share of Common Stock issued and outstanding immediately prior to the Effective Time which is then held as a treasury share by the Company immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the Company, be canceled cancelled and retired and cease to exist, without any conversion thereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Intelligent Controls Inc)

Treasury Shares. Each Common Share issued and outstanding immediately prior to the Effective Time which is then held as a treasury share by the Company immediately prior to the Effective Time shall, by virtue of the Merger and without any action 3 on the part of the Company, be canceled cancelled and retired and cease to exist, without any conversion thereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Washington National Corp)

Treasury Shares. Each Share issued and outstanding immediately prior to the Effective Time which is then held as a treasury share by the Company or any of its subsidiaries immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the Company, be canceled cancelled and retired and cease to exist, without any conversion thereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Conseco Inc Et Al)

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Treasury Shares. Each Company Share issued and outstanding immediately prior to the Effective Time which that is then held as a treasury share by the Company immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the Company, be canceled and retired and cease to exist, without any conversion thereof.. 2.2.8

Appears in 1 contract

Samples: Agreement and Plan of Merger (Nipsco Industries Inc)

Treasury Shares. Each Share issued and outstanding immediately prior to share of Company Stock held in the Effective Time which is then held as a treasury share by of the Company immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the Companyholders thereof, be canceled and canceled, retired and cease to exist, without any conversion thereofexist as of the Effective Time and no payment shall be made with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Real Mex Restaurants, Inc.)

Treasury Shares. Each Share issued and outstanding immediately Immediately prior to the Effective Time which is then Time, each Share held as a in the Company’s treasury share by the Company immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the Companyfurther action, automatically be canceled and retired and cease to exist, extinguished without any conversion thereofthereof or payment therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (HASCO Medical, Inc.)

Treasury Shares. Each Share issued and outstanding immediately prior to the Effective Time which is then held as a treasury share by the Company immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the Company, be canceled cancelled and retired and cease to exist, without any conversion thereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Chancellor Broadcasting Co /De/)

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