Common use of Cancellation of Certain Common Stock Clause in Contracts

Cancellation of Certain Common Stock. Each share of Common Stock that is owned by MergerCo, SibCo, Parent, Holdco, or the Company (as treasury stock or otherwise) or any of their respective direct or indirect wholly owned Subsidiaries (other than Shares held on behalf of third parties) will automatically be cancelled and will cease to exist, and no consideration will be delivered in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Neubauer Joseph), Agreement and Plan of Merger (Aramark Corp/De)

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Cancellation of Certain Common Stock. Each share of Common Stock that is owned by MergerCo, SibCo, Parent, Holdco, Parent or the Company (as treasury stock or otherwise) or any of their respective direct or indirect wholly owned Subsidiaries (other than Shares held on behalf of third parties) will automatically be cancelled and will cease to exist, and no consideration will be delivered in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Quipp Inc), Agreement and Plan of Merger (Educate Inc)

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Cancellation of Certain Common Stock. Each share of Common Stock that is owned by MergerCo, SibCo, Parent, Holdco, or the Company (as treasury stock or otherwise) ), Parent or MergerCo or any of their respective direct or indirect wholly owned Subsidiaries (other than Shares held on behalf of third parties) will automatically be cancelled automatically and will cease to exist, and no consideration will be delivered in exchange therefortherefor (each such Share, an “Excluded Share” and such Shares collectively, the “Excluded Shares”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Swift Transportation Co Inc)

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