Common use of Cancellation of Company Capital Stock Owned by Company Clause in Contracts

Cancellation of Company Capital Stock Owned by Company. At the Effective Time, all shares of Company Capital Stock that are owned by Company as treasury stock immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 1 contract

Samples: Merger Agreement (Skylynx Communications Inc)

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Cancellation of Company Capital Stock Owned by Company. At the Effective Time, all shares of Company Capital Stock that are owned by Company as treasury stock immediately prior to the Effective Time and each share of Company Capital Stock owned by Parent, or any direct or indirect wholly-owned subsidiary of Company or Parent (including Merger Sub), shall be canceled and extinguished without any rights to conversion thereofthereof and no consideration shall be delivered in exchange therefore.

Appears in 1 contract

Samples: Merger Agreement (Micrel Inc)

Cancellation of Company Capital Stock Owned by Company. At the ---------------------------------------------------------- Effective Time, all shares of Company Capital Stock that are owned by Company as treasury stock immediately prior to the Effective Time and all shares of Company Capital Stock owned by Parent or Merger Sub or any direct or indirect wholly-owned subsidiary of Parent shall be canceled and extinguished without any rights to conversion thereofthereof and no consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (Cardiotech International Inc)

Cancellation of Company Capital Stock Owned by Company. At the Effective TimeNotwithstanding Section 2.2(b), all shares each share of Company Capital Stock that are owned held by Company as treasury stock immediately prior to the Effective Time shall will be canceled and extinguished without any conversion thereofthereof and without the issuance or payment of any consideration.

Appears in 1 contract

Samples: Merger Agreement (Interwoven Inc)

Cancellation of Company Capital Stock Owned by Company. At the Effective Time, all shares of Company Capital Stock the Company's capital stock that are owned or held by the Company as treasury stock immediately prior to the Effective Time shall be canceled surrendered and extinguished without any conversion thereof.

Appears in 1 contract

Samples: Merger Agreement (Lexicon Genetics Inc/Tx)

Cancellation of Company Capital Stock Owned by Company. At the Effective Time, all shares of Company Capital Stock that are owned by Company as treasury stock immediately prior to the Effective Time and each share of Company Capital Stock owned by Parent or any direct or indirect wholly-owned subsidiary of Company or Parent shall be canceled and extinguished without any rights to conversion thereofthereof and no consideration shall be delivered in exchange therefore.

Appears in 1 contract

Samples: Merger Agreement (PLX Technology Inc)

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Cancellation of Company Capital Stock Owned by Company. At the ------------------------------------------------------------- Effective Time, all shares of Company Capital Stock that are owned by Company as treasury stock immediately prior to the Effective Time and all shares of Company Capital Stock owned by Parent or Merger Sub or any direct or indirect wholly-owned subsidiary of Parent shall be canceled and extinguished without any rights to conversion thereofthereof and no consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (Gish Biomedical Inc)

Cancellation of Company Capital Stock Owned by Company. At the Effective Time, all shares of Company Capital Stock that are owned by Company as treasury stock immediately prior to the Effective Time and each share of Company Capital Stock owned by Parent or any direct or indirect wholly-owned subsidiary of Company or Parent shall be canceled and extinguished without any rights to conversion thereofthereof and no consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Essex Portfolio Lp)

Cancellation of Company Capital Stock Owned by Company. At the Effective Time, all shares of Company Capital Stock that are owned by Company as treasury stock stock, immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 1 contract

Samples: Merger Agreement (Egain Communications Corp)

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