Cancellation of Certain Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time that is owned or held in treasury by the Company or any of its Subsidiaries and each share of Company Common Stock issued and outstanding immediately prior to the Effective Time that is owned by Parent, its Subsidiaries or the Merger Subs shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist (the “Cancelled Shares”), and no consideration shall be delivered in exchange therefor or in respect thereof.
Cancellation of Certain Stock. All shares of Seller Common Stock that are owned by Seller as treasury stock or by any wholly-owned Subsidiary of Seller, and any shares of Seller Common Stock owned by Parent or Purchaser or by any wholly-owned Subsidiary of Parent or Purchaser immediately prior to the Effective Time, shall be cancelled and shall cease to exist and no consideration shall be delivered in exchange therefor.
Cancellation of Certain Stock. All shares of common stock, $.01 par value, of the Company (the "Company Common Stock") owned by the Company as treasury stock and all shares of the Company Common Stock owned by CSLC, Sub, or any other Subsidiary of the Company and CSLC, automatically shall be canceled and retired and shall cease to exist and no capital stock or other interests of CSLC, Sub, or any other Subsidiary of CSLC or other consideration (whether consisting of cash or property) shall be delivered in exchange therefor.
Cancellation of Certain Stock. Each share of Company Stock that is (i) owned, directly or indirectly, by Parent or Merger Sub immediately prior to the Effective Time or (ii) held in the treasury of the Company (together, the “Cancelled Shares”) shall be automatically canceled and shall cease to exist, and no consideration shall be delivered in exchange therefore.
Cancellation of Certain Stock. Each share of Company Common ----------------------------- Stock that is owned by Acquisition or by the Company or any of its subsidiaries (other than those held in connection with the Stock Plans (as defined in Section 2.05)) shall automatically be canceled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.
Cancellation of Certain Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time that is owned or held in treasury by the Company, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time that is owned or held by any wholly owned Subsidiary of the Company, and each share of Company Common Stock issued and outstanding immediately prior to the Effective Time that is owned by Parent or any of its wholly owned Subsidiaries (including Merger Sub), other than, in each case, shares of Company Common Stock held on behalf of third parties, shall no longer be outstanding and shall automatically be cancelled and shall cease to exist (the “Cancelled Shares”), and no consideration shall be delivered in exchange therefor.
Cancellation of Certain Stock. Each Share held by the Company as treasury stock or owned by Buyer, Merger Subsidiary or any other Subsidiary of Buyer and the Dissenting Shares (defined in Section 2.4 hereof, but except as provided in Section 2.4 hereof) immediately prior to the Effective Time shall automatically be canceled and retired and cease to exist, and no payment shall be made with respect thereto. (b)
Cancellation of Certain Stock. All shares of common stock of IRT, par value $1.00 per share (the "IRT Common Stock"), together with all associated "Rights" issued under that certain IRT Shareholders Protection Rights Agreement dated as of August 21, 1998, as amended to the Effective Time (the "IRT Rights Agreement"), between IRT and SunTrust Bank, Atlanta, as rights agent, that are owned or held by IRT as treasury stock and all shares of IRT Common Stock owned by the Company or any Subsidiary of IRT or the Company (collectively, "Treasury Stock"), shall automatically be canceled and retired and shall cease to exist and no capital stock or other interests of the Company or any Subsidiary of the Company or any other consideration (whether consisting of cash, property, or any combination thereof) shall be delivered in exchange therefor.
Cancellation of Certain Stock. Each share of Company Common Stock held by the Company as treasury stock or owned by Parent, Sub or any other Subsidiary of Parent immediately prior to the Effective Time shall automatically be cancelled and retired and cease to exist, and no payment shall be made with respect thereto; provided, that shares of Company Common Stock held beneficially or of record by any plan, program or arrangement sponsored or maintained for the benefit of employees of Parent or the Company or any Subsidiaries thereof shall not be deemed to be held by Parent or the Company regardless of whether Parent or Company has, directly or indirectly, the power to vote or control the disposition of such shares of Company Common Stock.
Cancellation of Certain Stock. Each share of Company Common Stock held in the treasury of the Company and each share of Company Common Stock owned by the Company or Newco, in each case immediately prior to the Effective Time, shall be canceled and retired without any conversion thereof and no payment of cash and/or Non-Cash Election Shares or any other distribution shall be made with respect thereto. Each share of the Company Common Stock held by any direct or indirect Subsidiary (as defined below) of the Company or Parent (other than Newco) immediately prior to the Effective Time shall be converted into and become two Non-Cash Election Shares.
