Cancellation of Certain Shares. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub or the Company, each Share held in the treasury of the Company or owned of record by any Company Subsidiary immediately prior to the Effective Time will automatically be cancelled without any conversion thereof and no payment or distribution will be made with respect thereto.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Agl Resources Inc), Agreement and Plan of Merger (Southern Co), Agreement and Plan of Merger (Powersecure International, Inc.)
Cancellation of Certain Shares. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub or the Company, each Share held in the treasury of the Company and each Share owned by Parent or owned any direct or indirect Subsidiary of record by any Company Subsidiary Parent (including Merger Sub) immediately prior to the Effective Time will shall automatically be cancelled without any conversion thereof and no payment or distribution will shall be made with respect thereto.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Asv Holdings, Inc.), Agreement and Plan of Merger (Metaldyne Performance Group Inc.), Agreement and Plan of Merger and Reorganization (World Heart Corp)
Cancellation of Certain Shares. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub or the Company, each Share held in the treasury of the Company or owned of record by any Company Subsidiary immediately prior to the Effective Time will automatically be cancelled without any conversion thereof and no payment or distribution will be made with respect thereto.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Cumulus Media Inc), Agreement and Plan of Merger (Eastman Chemical Co), Agreement and Plan of Merger (Solutia Inc)
Cancellation of Certain Shares. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, the holders of capital stock of the Company or capital stock of Merger Sub or the CompanySub, each Common Share and Series C Preferred Share (i) held in the treasury of the Company, (ii) owned by any Subsidiary of the Company or (iii) owned by Parent or any Subsidiary of record by any Company Subsidiary Parent, in each case immediately prior to the Effective Time will automatically Time, shall cease to be outstanding, shall be cancelled without any conversion thereof and no without payment or distribution will be made with respect theretoof any consideration therefor and shall cease to exist.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Firearms Training Systems Inc), Agreement and Plan of Merger (Meggitt USA Inc)
Cancellation of Certain Shares. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub or the Company, each Share held in the treasury of the Company or and each Share owned of record by any Company Subsidiary Parent immediately prior to the Effective Time will shall automatically be cancelled without any conversion thereof and no payment or distribution will shall be made with respect thereto.
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