Common use of Cancellation of Company Shares Clause in Contracts

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. At Each of the Effective Time, all Company Shares owned held by the Company, Parent, any Company as dormant shares or held by Parent Subsidiary that is a direct or indirect owner of Merger Sub immediately prior to the Effective Time or Merger Sub shall automatically be cancelled cancelled, retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefortherefor or in respect thereof.

Cancellation of Company Shares. At the Effective Time, all Each Company Shares owned by the Company, Parent, any Parent Subsidiary that is a direct or indirect owner of Merger Sub Share held immediately prior to the Effective Time by Merger Sub, Parent or Merger Sub any direct or indirect wholly-owned Subsidiary of the Company or of Parent shall be cancelled and shall cease to exist, and no consideration shall be delivered in exchange thereforextinguished without any conversion thereof.

Cancellation of Company Shares. At the Effective Time, all Each outstanding or issued Applicable Company Shares Share that is owned by Parent, Merger Sub or the Company, or by any Subsidiary of Parent, any Parent Subsidiary that is a direct or indirect owner of Merger Sub or the Company, immediately prior to the Effective Time or Merger Sub (except to the extent held by any such person on behalf of a third party) (collectively, the “Excluded Shares”), shall automatically be cancelled canceled and shall cease to exist, and no cash, stock or other consideration shall be delivered or deliverable in exchange therefor.

Cancellation of Company Shares. At Each of the Effective Time, all Company Shares owned held by the Company, Parent, any Parent Subsidiary that is a direct Company as dormant shares or indirect owner of held by the Purchaser or the Merger Sub immediately prior to the Effective Time or Merger Sub shall automatically be cancelled cancelled, retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefortherefor or in respect thereof.

Cancellation of Company Shares. At the Effective Time, all Any Company Shares owned by the Companyand any securities convertible or exchangeable into Company Shares that are owned, Parent, any Parent Subsidiary that is a direct or indirect owner of Merger Sub immediately prior to the Effective Time or Time, by Parent, Merger Sub or the Company (as treasury stock or otherwise) or any of their respective direct or indirect wholly owned Subsidiaries shall automatically be cancelled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.