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

Cancellation of Company Common Stock Owned by Parent. Each share of Company Common Stock that is owned by the Company or by any subsidiary of the Company and each share of Company Common Stock that is owned by Parent, Purchaser or any other subsidiary of Parent shall automatically be cancelled and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Cancellation of Company Common Stock Owned by Parent. Each share As of the Effective Time, by virtue of the Merger and without any action on the part of any of the parties hereto, all shares of Company Common Stock that is are owned by the Company Parent or by any subsidiary of the Company and each share of Company Common Stock that is direct or indirect wholly owned by Parent, Purchaser or any other subsidiary of Parent shall automatically be cancelled and shall cease immediately prior to exist, and no consideration the Effective Time shall be delivered in exchange thereforcanceled and extinguished without any conversion thereof.

Cancellation of Company Common Stock Owned by Parent. Each share At the Effective Time, all shares of the Company Common Stock that is are owned by the Company or by any subsidiary of the Company Parent will be canceled and each share of Company Common Stock that is owned by Parent, Purchaser or any other subsidiary of Parent shall automatically be cancelled retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.