Common use of Cancellation of Certain Stock Clause in Contracts

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.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Kenexa Corp), Agreement and Plan of Merger (Kenexa Corp), Agreement and Plan of Merger (Kenexa Corp)

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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 the Seller, and any shares of Seller Common Stock owned by the Parent or Purchaser or by any wholly-owned Subsidiary of Parent or the Purchaser immediately prior to the Effective Time, shall be cancelled and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Xerox Corp), Agreement and Plan of Merger (Global Imaging Systems Inc)

Cancellation of Certain Stock. All shares of Seller Common Stock that are owned by Seller as treasury stock or by any wholly-wholly owned Subsidiary of Seller, and any shares of Seller Common Stock owned by Parent or Purchaser or by any wholly-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.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (BladeLogic, Inc.), Agreement and Plan of Merger (BMC Software Inc)

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 the 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.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Digitas Inc), Agreement and Plan of Merger (Digitas Inc)

Cancellation of Certain Stock. All shares of Seller Common Capital Stock that are owned by Seller as treasury stock or by any wholly-wholly owned Subsidiary of Seller, and any shares of Seller Common Capital Stock owned by Parent or Purchaser or by any wholly-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.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Global Med Technologies Inc)

Cancellation of Certain Stock. All shares of common stock, $0.01 par value per share, of Seller ("Seller Common Stock 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 Buyer, Merger Sub or Purchaser or by any wholly-other wholly owned Subsidiary of Parent or Purchaser Buyer immediately prior to the Effective Time, Time shall be cancelled and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Clayton Holdings Inc)

Cancellation of Certain Stock. All shares of common stock, $0.01 par value per share, of Seller (“Seller Common Stock Stock”) that are owned by Seller as treasury stock or by any wholly-wholly owned Subsidiary of Seller, Seller and any shares of Seller Common Stock owned by Parent Buyer, Merger Sub, or Purchaser or by any wholly-other wholly owned Subsidiary of Parent or Purchaser Buyer immediately prior to the Effective Time, Time shall be cancelled and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ansys Inc)

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Cancellation of Certain Stock. All shares of common stock, $0.001 par value per share, of the Seller, ("Seller Common Stock Stock"), that are owned by Seller as treasury stock or by any wholly-wholly owned Subsidiary of Seller, the Seller and any shares of Seller Common Stock owned by Parent the Buyer, the Merger Sub or Purchaser or by any wholly-other wholly owned Subsidiary of Parent or Purchaser the Buyer immediately prior to the Effective Time, Time shall be cancelled and shall cease to exist and no stock of the Buyer or other consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Modem Media Inc)

Cancellation of Certain Stock. All shares of Seller Common Stock Shares that are owned by Seller as treasury stock or by any wholly-owned Seller Subsidiary of Seller, and any shares of Seller Common Stock all Shares owned by Parent or Purchaser or by any wholly-owned Subsidiary of Parent or Purchaser immediately prior to before the Effective TimeTime (including the Contribution Shares), shall be cancelled and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Microfinancial Inc)

Cancellation of Certain Stock. All shares of Seller Company Common Stock that are owned by Seller as treasury stock Company or by any wholly-wholly owned Subsidiary of SellerCompany, and any shares of Seller Company Common Stock owned by Parent or Purchaser or by any wholly-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.

Appears in 1 contract

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

Cancellation of Certain Stock. All shares of common stock, $0.001 par value per share, of the Seller, (“Seller Common Stock Stock”), that are owned by Seller as treasury stock or by any wholly-wholly owned Subsidiary of Seller, the Seller and any shares of Seller Common Stock owned by Parent the Buyer, the Merger Sub or Purchaser or by any wholly-other wholly owned Subsidiary of Parent or Purchaser the Buyer immediately prior to the Effective Time, Time shall be cancelled and shall cease to exist and no stock of the Buyer or other consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Digitas Inc)

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