Common use of Cancellation of Company-Owned Stock Clause in Contracts

Cancellation of Company-Owned Stock. Each share of Company Capital Stock owned by the Company or any direct or indirect wholly-owned subsidiary of the Company immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 9 contracts

Samples: Agreement and Plan of Reorganization (Corsair Communications Inc), Merger Agreement (Triangle Pharmaceuticals Inc), Agreement and Plan of Reorganization (Netscape Communications Corp)

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Cancellation of Company-Owned Stock. Each share of Company Capital Common Stock owned held by the Company or any direct or indirect wholly-owned subsidiary of the Company immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 6 contracts

Samples: Agreement and Plan of Reorganization (Telcom Semiconductor Inc), Merger Agreement (Medical Dynamics Inc), Merger Agreement (Medical Dynamics Inc)

Cancellation of Company-Owned Stock. Each share of Company Capital Stock owned by the Company or any direct or indirect wholly-owned subsidiary of the Company immediately prior to the Merger Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Autotradecenter Com Inc)

Cancellation of Company-Owned Stock. Each share of Company Capital Stock owned by the Merger Sub, Parent, Company or any direct or indirect wholly-owned subsidiary of Parent or the Company immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Netscape Communications Corp)

Cancellation of Company-Owned Stock. Each share of Company Capital Common Stock owned held by the Company or any direct or indirect wholly-owned subsidiary of the Company immediately prior to the Effective Time shall be canceled cancelled and extinguished without any conversion thereof.

Appears in 1 contract

Samples: Merger Agreement (Petrex Corp)

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Cancellation of Company-Owned Stock. Each share of Company Capital Stock owned by the Company or any direct or indirect wholly-owned subsidiary of the Company immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (North American Scientific Inc)

Cancellation of Company-Owned Stock. Each share of Company Capital Common Stock owned and Company Preferred Stock held by the Company or any direct or indirect wholly-owned subsidiary of the Company immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 1 contract

Samples: Merger Agreement (24/7 Media Inc)

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