Common use of Acquiror Treasury Shares Clause in Contracts

Acquiror Treasury Shares. Notwithstanding Section 3.1(a)(ii) above or any other provision of this Agreement to the contrary, if there are any Acquiror Shares that are held by Acquiror as treasury shares or any Acquiror Shares held by any direct or indirect Subsidiary of Acquiror immediately prior to the Initial Merger Effective Time, such Acquiror Shares shall automatically be cancelled and shall cease to exist without any conversion thereof or payment or other consideration therefor.

Acquiror Treasury Shares. Notwithstanding Section 3.1(a)(iiclause (i) above or any other provision of this Agreement to the contrary, if there are any Acquiror Shares that are held owned by Acquiror as treasury shares or any Acquiror Shares held owned by any direct or indirect Subsidiary subsidiary of Acquiror immediately prior to the Initial Merger Effective Time, such Acquiror Shares shall automatically be cancelled and shall cease to exist without any conversion thereof or payment or other consideration therefor.