Common use of Cancellation of Company Common Stock Clause in Contracts

Cancellation of Company Common Stock. All shares of Company Common Stock, when converted pursuant to Section 3.1(b), shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist, and each holder of a certificate representing any such shares shall cease to have any rights with respect thereto, except the right to receive the shares of Parent Common Stock and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor upon the surrender of such certificate pursuant to Section 3.2, without interest.

Appears in 1 contract

Samples: Merger Agreement (Source Services Corp)

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Cancellation of Company Common Stock. All shares of Company Common Stock, when Stock converted into Ordinary Shares pursuant to this Section 3.1(b), 2.01 shall no longer be outstanding and shall automatically be cancelled canceled and retired and shall cease to exist, and each holder of a certificate representing any such shares shall cease to have any rights with respect thereto, except the right to receive the shares of Parent Common Stock and any cash in lieu of fractional shares of Parent Common Stock Ordinary Shares to be issued or paid in consideration therefor upon the surrender of such certificate pursuant to in accordance with Section 3.22.02, without interest.

Appears in 1 contract

Samples: Merger Agreement (Teva Pharmaceutical Industries Limited)

Cancellation of Company Common Stock. All At the Effective Time, all shares of Company Common Stock, when Stock converted into the right to receive the Merger Consideration pursuant to Section 3.1(b), this Article I shall no longer be outstanding and shall automatically be cancelled and retired canceled and shall cease to exist, and each holder of certificate (each a certificate "Certificate") previously representing any such shares of Company Common Stock shall cease to have any rights with respect thereto, except thereafter only represent the right to receive the Merger Consideration. Certificates previously representing shares of Company Common Stock shall be exchanged for shares of Parent Common Stock and any cash in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor upon the surrender of such certificate pursuant to Certificates in accordance with Section 3.21.9 hereof, without any interest.

Appears in 1 contract

Samples: Merger Agreement (Quiksilver Inc)

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Cancellation of Company Common Stock. All shares of Company Common Stock, Stock when converted pursuant to Section 3.1(b)so converted, shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist, and each holder of a certificate representing any such shares shall cease to have any rights with respect thereto, except the right to receive any dividends and other distributions in accordance with Section 1.6, certificates representing the shares of Parent Kellwood Common Stock into which such shares are converted, and any cash cash, without interest, in lieu of fractional shares of Parent Common Stock to be issued or paid in consideration therefor upon the surrender of such certificate pursuant to in accordance with Section 3.2, without interest1.6.

Appears in 1 contract

Samples: Merger Agreement (Kellwood Co)

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