Common use of Cancelation of Company Common Stock Clause in Contracts

Cancelation of Company Common Stock. Each share of Company Common Stock owned by any of the Company Parties or any wholly owned Company Subsidiary and each share of Company Common Stock owned by any of the Parent Parties or any of their respective wholly owned Subsidiaries, in each case, as of immediately prior to the Company Merger Effective Time, shall be canceled and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Appears in 4 contracts

Samples: Merger Agreement (Extra Space Storage Inc.), Merger Agreement (Life Storage Lp), Merger Agreement (DUKE REALTY LTD PARTNERSHIP/)

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