Common use of Cancellation of Company Securities Clause in Contracts

Cancellation of Company Securities. Each share of Company Common Stock held by the Company or any wholly owned Subsidiary of the Company (in each case, other than shares of Company Common Stock held either in a fiduciary or agency capacity that are beneficially owned by third parties), Parent, Merger Sub or any other wholly owned Subsidiary of Parent, in each case, immediately prior to the Effective Time, shall automatically be canceled and retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefor or in respect thereof.

Cancellation of Company Securities. Each share of Company the Company’s common shares, par value $0.01 per share (the “Common Stock Stock”), held by the Company as treasury stock or held by Parent, Acquisition Sub, any other direct or indirect wholly owned subsidiary of Parent, the Company or any direct or indirect wholly owned Subsidiary subsidiary of the Company (in each case, other than shares of Company Common Stock held either in a fiduciary or agency capacity that are beneficially owned by third parties), Parent, Merger Sub or any other wholly owned Subsidiary of Parent, in each case, immediately prior to the Effective Time, Time shall automatically be canceled and retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefor or in respect thereof.

Cancellation of Company Securities. Each share of Company Common Stock held by the Company or any wholly owned Subsidiary of the Company (in each caseincluding shares held as treasury stock) or held, other than shares of Company Common Stock held either in a fiduciary directly or agency capacity that are beneficially owned indirectly, by third parties), Parent, Merger Parent or Acquisition Sub or any other of their wholly owned Subsidiary of Parent, in each case, Subsidiaries immediately prior to the Effective Time, Time shall automatically be canceled cancelled and retired and shall cease to existexist as issued or outstanding shares, and no consideration or payment shall be delivered in exchange therefor or in respect thereof.

Cancellation of Company Securities. Each share of Company Common Stock held by the Company as treasury stock or any wholly owned Subsidiary held by Parent or Acquisition Sub (including as a result of the Company (in each caseexercise of the Top-Up Option by Acquisition Sub, other than shares of Company Common Stock held either in a fiduciary or agency capacity that are beneficially owned by third parties), Parent, Merger Sub or any other wholly owned Subsidiary of Parent, in each case, if applicable) immediately prior to the Effective Time, Time shall automatically be canceled and retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefor or in respect thereof, and each share of Company Common Stock owned by any subsidiary of the Company shall be converted into a share of capital stock of the Surviving Corporation.