Common use of Cancelation of Treasury Shares and Parent-Owned Shares; Treatment of Shares Held by Company Subsidiaries Clause in Contracts

Cancelation of Treasury Shares and Parent-Owned Shares; Treatment of Shares Held by Company Subsidiaries. Each Company Share that is (i) owned by the Company as treasury shares or owned by any Subsidiary of the Company or (ii) owned by Parent, Merger Sub, or any other direct or indirect wholly owned Subsidiary of Parent 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 be canceled automatically and shall cease to exist and be outstanding and no consideration shall be delivered in exchange therefor nor any repayment of capital made in respect thereof.

Cancelation of Treasury Shares and Parent-Owned Shares; Treatment of Shares Held by Company Subsidiaries. Each All Company Share Shares that is (i) are owned by the Company as treasury shares or and any Company Shares issued and outstanding immediately prior to the Effective Time and owned by any Subsidiary of the Company or (ii) owned by Company, Parent, Merger Sub, Sub or any other direct or indirect wholly owned Subsidiary of the Company or Parent issued and outstanding immediately prior to the Effective Time (in each case, other than those held on behalf of any third party) shall by virtue of the Merger and without any action on the part of the holder thereof automatically be canceled automatically and shall cease to exist and be outstanding outstanding, and no consideration shall be delivered in exchange therefor nor any repayment of capital made in respect thereoftherefor.