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

Cancellation of Certain Shares of Company Capital Stock. Each share of Company Capital Stock, if any, that is owned by Parent or Merger Sub (or any other Subsidiary of Parent) or the Company (as treasury stock or otherwise), will automatically be cancelled and retired without any conversion thereof and will cease to exist, and no consideration will be delivered in exchange therefor. Each share of Company Capital Stock, if any, held immediately prior to the Effective Time by the Company as treasury stock shall be automatically canceled and extinguished, and no consideration shall be paid with respect thereto.

Appears in 4 contracts

Samples: Merger Agreement (Global Star Acquisition Inc.), Merger Agreement (Viveon Health Acquisition Corp.), Merger Agreement (Clearday, Inc.)

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Cancellation of Certain Shares of Company Capital Stock. Each share of Company Capital Stock, if any, that is owned by Parent or Merger Sub (or any other Subsidiary of Parent) or the Company (including, for the avoidance of doubt, Company Capital Stock held by the Company as treasury stock or otherwiseimmediately prior to the Effective Time), will automatically be cancelled and retired without any conversion thereof and will cease to exist, and no consideration will be delivered in exchange therefor. Each share of Company Capital Stock, if any, held immediately prior to the Effective Time by the Company as treasury stock shall be automatically canceled and extinguished, and no consideration shall be paid with respect thereto.

Appears in 3 contracts

Samples: Merger Agreement (IX Acquisition Corp.), Merger Agreement (Aerkomm Inc.), Registration Rights Agreement (CSLM Acquisition Corp.)

Cancellation of Certain Shares of Company Capital Stock. Each share of Company Capital Stock, if any, that is owned by Parent or Merger Sub (or any other Subsidiary of Parent) or the Company (or any of its Subsidiaries) (as treasury stock or otherwise), will automatically be cancelled and retired without any conversion thereof and will cease to exist, and no consideration will be delivered in exchange therefor. Each share of Company Capital Stock, if any, held immediately prior to the Effective Time by the Company as treasury stock shall be automatically canceled and extinguished, and no consideration shall be paid with respect thereto.

Appears in 3 contracts

Samples: Merger Agreement (EF Hutton Acquisition Corp I), Lock Up Agreement (NaturalShrimp Inc), Merger Agreement (Yotta Acquisition Corp)

Cancellation of Certain Shares of Company Capital Stock. Each share of Company Capital Stock, if any, that is owned by Parent or Merger Sub (or any other Subsidiary of Parent) or the Company (as treasury stock or otherwise), will automatically be cancelled and retired without any conversion thereof and will cease to exist, and no consideration will be delivered in exchange therefor. Each share of Company Capital Stock, if any, held immediately prior to the Effective Time by the Company as treasury stock shall be automatically canceled and extinguished, and no consideration shall be paid with respect thereto.

Appears in 1 contract

Samples: Merger Agreement (Swiftmerge Acquisition Corp.)

Cancellation of Certain Shares of Company Capital Stock. Each share of Company Capital Stock, if any, that is owned by Parent or Merger Sub (or any other Subsidiary of Parent) or the Company (or any of its Subsidiaries) (as treasury stock or otherwise), will automatically be cancelled and retired without any conversion thereof and will cease to exist, and no consideration will be delivered in exchange therefor. Each share of Company Capital Stock, if any, held immediately prior to the Effective Time by the Company as treasury stock shall be automatically canceled and extinguished, and no consideration shall be paid with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Petra Acquisition Inc.)

Cancellation of Certain Shares of Company Capital Stock. Each share of Company Capital Stock, if any, that is owned by Parent or Merger Sub I (or any other Subsidiary of Parent) or the Company (as treasury stock or otherwise), will automatically be cancelled and retired without any conversion thereof and will cease to exist, and no consideration will be delivered in exchange therefor. Each share of Company Capital Stock, if any, held immediately prior to the First Effective Time by the Company as treasury stock shall be automatically canceled and extinguished, and no consideration shall be paid with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (EdtechX Holdings Acquisition Corp. II)

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Cancellation of Certain Shares of Company Capital Stock. Each At the Effective Time, by virtue of the Merger and without any action on the part of any Party hereto or any Company Equityholders, each share of Company Capital Stock, if any, Stock that is owned by Parent or Merger Sub (or any other Subsidiary held in the treasury of Parent) or the Company (as treasury stock or otherwise), will automatically shall be cancelled and retired without any conversion thereof and will cease to exist, and no consideration will shall be delivered in exchange therefor. Each share of Company Capital Stock, if any, held immediately prior to the Effective Time by the Company as treasury stock shall be automatically canceled and extinguished, and no consideration shall be paid with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (LogMeIn, Inc.)

Cancellation of Certain Shares of Company Capital Stock. Each share of Company Capital Stock, if any, that is owned by Parent or Merger Sub (or any other Subsidiary of Parent) or the Company (or any of its Subsidiaries) (as treasury stock or otherwise), will shall automatically be cancelled and retired extinguished without any conversion thereof and will cease to exist, and no consideration will be delivered in exchange therefor. Each share of Company Capital Stock, if any, held immediately prior to the Effective Time by the Company as treasury stock shall be automatically canceled and extinguished, and no consideration shall be paid with respect thereto.

Appears in 1 contract

Samples: Support Agreement (Health Sciences Acquisitions Corp 2)

Cancellation of Certain Shares of Company Capital Stock. Each share of Company Capital Stockshare, if any, that is of Capital Stock of the Company held by the Company as treasury stock or owned by the Company, Parent, or Merger Sub or any direct or indirect Subsidiary of the Company, Parent or Merger Sub (or any other Subsidiary of Parent) or the Company (as treasury stock or otherwise), will automatically be cancelled and retired without any conversion thereof and will cease to exist, and no consideration will be delivered in exchange therefor. Each share of Company Capital Stock, if any, held immediately prior to the Effective Time by the Company as treasury stock shall automatically be cancelled and retired, without any conversion thereof, and shall cease to exist and no payment or distribution shall be automatically canceled and extinguished, and no consideration shall be paid made with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (OxySure Systems Inc)

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