Common use of Cancelation of Treasury Shares and Parent-Owned Shares Clause in Contracts

Cancelation of Treasury Shares and Parent-Owned Shares. Each share of Company Common Stock that is owned by the Company, Parent or Merger Sub and reserved for issuance and allocation shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and no Parent Common Stock or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Cyclo Therapeutics, Inc.), Agreement and Plan of Merger (Applied Molecular Transport Inc.), Agreement and Plan of Merger (Cyclo Therapeutics, Inc.)

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Cancelation of Treasury Shares and Parent-Owned Shares. Each share of Company Common Stock that is owned by the Company, Company or Parent or Merger Sub and reserved for issuance and allocation shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and no Parent Common Stock or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (WPS Resources Corp), Agreement and Plan of Merger

Cancelation of Treasury Shares and Parent-Owned Shares. Each share of Company Common Stock that is Share owned by the Company as treasury shares and each Company Share issued and outstanding immediately prior to the Effective Time and owned by the Company, Parent or Parent, Merger Sub and reserved for issuance and allocation shall no longer be outstanding and or any other direct or indirect wholly owned Subsidiary of the Company or Parent immediately prior to the Effective Time shall automatically be canceled and retired and shall cease to existexist and be outstanding, and no Parent Common Stock or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Brookfield Reinsurance Ltd.), Agreement and Plan of Merger (Argo Group International Holdings, Ltd.)

Cancelation of Treasury Shares and Parent-Owned Shares. Each share of Company Common Stock that is Share owned by the Company as treasury shares and each Company Share issued and outstanding immediately prior to the Effective Time and owned by the Company, Parent or Parent, Merger Sub and reserved for issuance and allocation shall no longer be outstanding and or any other direct or indirect wholly owned Subsidiary of the Company or Parent immediately prior to the Effective Time shall automatically be canceled and retired and shall cease to existexist and be outstanding, and no Parent Common Stock or other consideration shall be delivered or deliverable in exchange therefor.;

Appears in 1 contract

Samples: Agreement and Plan of Merger (Brookfield Reinsurance Ltd.)

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Cancelation of Treasury Shares and Parent-Owned Shares. Each share of All Company Common Stock Shares that is are owned by the CompanyCompany as treasury shares and any Company Shares owned by Parent, Parent or Merger Sub and reserved for issuance and allocation or any other direct or indirect wholly owned Subsidiary of Parent immediately prior to the Effective Time shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, exist and no Parent Common Stock or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tower Group International, Ltd.)

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