Common use of Cancellation of Certain Shares Clause in Contracts

Cancellation of Certain Shares. All Shares that are issued and outstanding immediately prior to the Effective Time and owned by any of Parent, Purchaser and any other Subsidiary of Parent, and all Shares held in the treasury of the Company or owned by any Company Subsidiary, shall automatically be cancelled and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 3 contracts

Samples: Merger Agreement (EQT Corp), Agreement and Plan of Merger (Trans Energy Inc), Merger Agreement (Mortons Restaurant Group Inc)

AutoNDA by SimpleDocs

Cancellation of Certain Shares. All Shares Each Company Common Share that are is issued and outstanding immediately prior to the Effective Time and owned by any of Parent, Purchaser and any other Subsidiary of Parent, and all Shares (i) held in the treasury of the Company or owned by any Subsidiary of the Company Subsidiaryor (ii) owned by Parent, Merger Sub or any other Subsidiary of Parent, shall automatically be cancelled and retired and shall cease to exist exist, and no consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Merger Agreement (Finish Line Inc /In/), Merger Agreement

Cancellation of Certain Shares. All Shares that are issued and outstanding immediately prior to the Effective Time and owned by any of Parent, Purchaser Merger Sub and any other Subsidiary of Parent, and all Shares held in the treasury of the Company or owned by any Company SubsidiaryCompany, shall automatically be cancelled and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (Benihana Inc)

Cancellation of Certain Shares. All Shares that are issued and outstanding Each Share held by Parent or any of its Subsidiaries, including Purchaser, or in the treasury of the Company immediately prior to the Effective Time and owned by any of Parent, Purchaser and any other Subsidiary of Parent, and all Shares held in the treasury of the Company or owned by any Company Subsidiary, shall automatically be cancelled and shall cease to exist extinguished without any conversion thereof and no consideration payment shall be delivered in exchange thereformade with respect thereto.

Appears in 1 contract

Samples: Merger Agreement (Conceptus Inc)

AutoNDA by SimpleDocs

Cancellation of Certain Shares. All Any Company Shares that are issued and outstanding owned immediately prior to the Effective Time and owned by any of ParentBuyer, Purchaser and any other Subsidiary of ParentSub, and all Shares held in the treasury of the Company or owned by any Company Subsidiary, subsidiary thereof shall automatically be cancelled canceled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (Harland John H Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!