Common use of Cancellation of Certain Shares Clause in Contracts

Cancellation of Certain Shares. Each share of Target Capital Stock held by Parent or Merger Sub, if any, or held in the treasury of Target, immediately prior to the Effective Time shall automatically be canceled, without any conversion thereof, and no payment shall be made with respect thereto.

Appears in 3 contracts

Samples: Merger Agreement (Research Pharmaceutical Services, Inc.), Merger Agreement (Research Pharmaceutical Services, Inc.), Merger Agreement (Research Pharmaceutical Services, Inc.)

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Cancellation of Certain Shares. Each share of Target Capital Common Stock held by Parent or Merger Sub, if any, or held in the treasury of Target, immediately prior to the Effective Time shall automatically be canceled, canceled and extinguished at the Effective Time without any conversion thereof, and no payment shall be made with respect thereto.

Appears in 1 contract

Samples: Merger Agreement (Tri-Isthmus Group, Inc.)

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Cancellation of Certain Shares. Each share of Target Capital Common Stock held by Parent or Merger Sub, if any, or held in the treasury of Target, immediately prior to the Effective Time shall automatically be canceled, canceled and extinguished without any conversion thereof, and no payment shall be made with respect thereto.

Appears in 1 contract

Samples: Merger Agreement (TBX Resources Inc)

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