Cancellation of Company Shares. Each Company Share owned directly or indirectly by Company or by any subsidiary (as defined in Section 10.2) of Company will automatically be cancelled and retired and will cease to exist and no consideration will be delivered or deliverable in exchange for such Company Shares. Company will obtain a written consent to such cancellation from any subsidiary, whether or not wholly owned, that owns Company Shares.
Cancellation of Company Shares. At the Effective Time, all Company Shares owned by the Company, Parent, any Parent Subsidiary that is a direct or indirect owner of Merger Sub immediately prior to the Effective Time or Merger Sub shall be cancelled and shall cease to exist, and no consideration shall be delivered in exchange therefor.
Cancellation of Company Shares. As of the Company Merger Effective Time, all Company Shares issued and outstanding immediately prior to the Company Merger Effective Time shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of a Company Share (other than Excluded Shares, if any) shall cease to have any rights with respect to such interest, except the right to receive the Per Company Share Merger Consideration.
Cancellation of Company Shares. Upon conversion pursuant to Section 2.3, all Company Shares shall be cancelled and cease to exist, and each holder thereof shall cease to have any rights with respect thereto other than the right to receive the Merger Consideration and any other amounts in accordance with the terms provided herein. All shares of Parent Common Stock issued as Merger Consideration shall be fully paid and nonassessable.
Cancellation of Company Shares. Each Company Share that is an Excluded Company Share shall be cancelled and shall cease to exist, with no consideration paid in exchange therefor.
Cancellation of Company Shares. From and after the Effective Time, all Company Shares shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of a Certificate representing any such Company Shares shall cease to have any rights with respect thereto, except the right to receive the Sellers’ Merger Consideration represented by such Certificate (other than with respect to Dissenting Shares).
Cancellation of Company Shares. 8 SECTION 2.5 Stock Options............................................................8 SECTION 2.6 Adjustment of Exchange Ratio.............................................9 SECTION 2.7 Exchange of Certificates.................................................9
Cancellation of Company Shares. At the Effective Time, all shares of Company Common Stock will no longer be outstanding and all shares of Company Common Stock will be cancelled and retired and will cease to exist, and each holder of: (i) a certificate formerly representing any shares of Company Common Stock (each, a “Certificate”); or (ii) any book-entry shares which immediately prior to the Effective Time represented shares of Company Common Stock (each, a “Book-Entry Share”) will cease to have any rights with respect thereto, except the right to receive (A) the Merger Consideration in accordance with Section 2.2 hereof, and (B) any cash in lieu of fractional Parent ordinary shares payable pursuant to Section 2.1(e).
Cancellation of Company Shares. 8 SECTION 2.5
Cancellation of Company Shares. The Company shall have cancelled approximately Eight Million Eight Hundred Thousand (8,800,000) shares of Company Common Stock prior to the consummation of the Merger, such that as of the Effective Time no more than One Million Two Hundred Thousand (1,200,000) shares of Company Common Stock shall be issued and outstanding (the "Cancellation") and the Company shall have caused all issued and outstanding warrants, options or other rights to acquire equity securities in the Company to be exercised or terminated such that as of the Effective Time no warrants, options or other rights to acquire equity or other securities in the Company shall be outstanding.
