Common use of Cancellation of Company Securities Clause in Contracts

Cancellation of Company Securities. Each share of common stock, par value $0.01 per share, of the Company (the “Company Common Stock”) held by the Company as treasury stock or held, directly or indirectly, by Parent or Acquisition Sub 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; provided that each share of Company Common Stock that is owned by any direct or indirect wholly-owned Subsidiary of the Company immediately prior to the Effective Time shall remain outstanding.

Cancellation of Company Securities. Each share of the Company’s common stock, par value $0.01 0.10 per share, of the Company share (the “Company Common Stock”) ), held by the Company as treasury stock or held, directly held by Mergerco or indirectly, by Parent or Acquisition Sub New Holdco immediately prior to the Effective Time shall automatically be canceled and cancelled, retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefor or in respect thereof; provided that each share of Company Common Stock that is owned by any direct or indirect wholly-owned Subsidiary of the Company immediately prior to the Effective Time shall remain outstanding.

Cancellation of Company Securities. Each share of common stock, $0.001 par value $0.01 per share, of the Company (the “Company Common Stock”Stockˮ) held by the Company as treasury stock or held, held directly or indirectly, by Parent or Acquisition Sub any Subsidiary of Parent (including Merger Sub) immediately prior to the Effective Time shall no longer be outstanding and 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; provided that each share of Company Common Stock that is owned by any direct or indirect wholly-owned Subsidiary of the Company immediately prior to the Effective Time shall remain outstandingthereof (such shares, “Canceled Sharesˮ).

Cancellation of Company Securities. Each share of common stock, $0.001 par value $0.01 per share, of the Company (the “Company Common Stock”) held by the Company as treasury stock or held, held directly or indirectly, by Parent or Acquisition Sub any Subsidiary of Parent (including Merger Sub) 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; provided that each share of Company Common Stock that is owned by any direct or indirect wholly-owned Subsidiary of the Company immediately prior to the Effective Time shall remain outstandingthereof (such shares, “Canceled Shares”).

Cancellation of Company Securities. Each share of common stockthe Company's Common Stock, par value $0.01 0.02 per share, of the Company share (the “"Company Common Stock”") held by the Company as treasury stock or held, directly held by any wholly owned subsidiary of the Company or indirectly, by Parent Buyer or Acquisition Sub immediately prior to the Effective Time shall automatically be canceled and cancelled, retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefor or in respect thereof; provided that each share of Company Common Stock that is owned by any direct or indirect wholly-owned Subsidiary of the Company immediately prior to the Effective Time shall remain outstanding.