Common use of Cancellation of Certain Company Common Stock Clause in Contracts

Cancellation of Certain Company Common Stock. Each share of common stock, par value $.01 per share, of the Company (the "COMPANY COMMON STOCK") that is owned by the Company as treasury stock and all shares of Company Common Stock that are owned by Parent shall be canceled and shall cease to exist, and no stock of Parent or other consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Energy East Corp), Agreement and Plan of Merger (RGS Energy Group Inc)

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Cancellation of Certain Company Common Stock. Each share of common stock, par value $.01 0.05 per share, of the Company (the "COMPANY COMMON STOCK") that is owned by any Subsidiary (defined in Section 3.01) of the Company as treasury stock and all shares of Company Common Stock or that are is owned by Parent Buyer or its Subsidiaries shall be canceled and shall cease to exist, and no stock of Parent or other consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Cantel Medical Corp), Agreement and Plan of Merger (Diker Charles M)

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