Common use of Cancellation of Company Securities Clause in Contracts

Cancellation of Company Securities. Each share of the Company’s common stock, par value $0.10 per share (the “Company Common Stock”), held by the Company as treasury stock or held by Mergerco or New Holdco immediately prior to the Effective Time shall automatically be cancelled, retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefor or in respect thereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Clear Channel Communications Inc)

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Cancellation of Company Securities. Each share of the Company’s common stock's Common Stock, par value $0.10 0.02 per share (the "Company Common Stock”), ") held by the Company as treasury stock or held by Mergerco any wholly owned subsidiary of the Company or New Holdco by Buyer or Acquisition Sub immediately prior to the Effective Time shall automatically be cancelled, retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefor or in respect thereof.

Appears in 1 contract

Samples: Merger Agreement (Bisys Group Inc)

Cancellation of Company Securities. Each share of the Company’s common stock, $0.001 par value $0.10 per share share, of the Company (the “Company Common Stock”), Stockˮ) held by the Company as treasury stock or held directly by Mergerco Parent or New Holdco any Subsidiary of Parent (including Merger Sub) immediately prior to the Effective Time shall no longer be outstanding and shall automatically be cancelled, canceled and retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefor or in respect thereofthereof (such shares, “Canceled Sharesˮ).

Appears in 1 contract

Samples: Merger Agreement (Stryker Corp)

Cancellation of Company Securities. Each share of the Company’s common stock, par value $0.10 per share (the “Company Common Stock”), held by the Company as treasury stock or held by Mergerco or New Holdco immediately prior to the Effective Time shall automatically be cancelled, retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefor or in respect thereof.

Appears in 1 contract

Samples: Merger Agreement (Clear Channel Communications Inc)

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Cancellation of Company Securities. Each share of the Company’s common stock, $0.001 par value $0.10 per share share, of the Company (the “Company Common Stock”), ) held by the Company as treasury stock or held directly by Mergerco Parent or New Holdco any Subsidiary of Parent (including Merger Sub) immediately prior to the Effective Time shall automatically be cancelled, canceled and retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefor or in respect thereofthereof (such shares, “Canceled Shares”).

Appears in 1 contract

Samples: Merger Agreement (Entellus Medical Inc)

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