At the Effective Time. (a) All shares of First Bank Common Stock outstanding at the Effective Time held by Newco shall, without any action on the part of Newco, be cancelled and be of no further force and effect.
Appears in 5 contracts
Samples: Reorganization Agreement (Surety Capital Corp /De/), Reorganization Agreement (Surety Capital Corp /De/), Reorganization Agreement (Surety Capital Corp /De/)