Common use of Cancellation of Company Shares Clause in Contracts

Cancellation of Company Shares. At the Effective Time, all Company Shares shall no longer be outstanding and shall be canceled and retired and shall cease to exist, and each certificate (a “Certificate”) formerly representing any of such Company Shares shall thereafter represent only the right to the applicable Merger Consideration.

Appears in 1 contract

Samples: Merger Agreement (Viryanet LTD)

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Cancellation of Company Shares. At 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 certificate (holder of a “Certificate”) formerly Certificate representing any of such Company Shares shall thereafter represent only cease to have any rights with respect thereto, except the right to receive the applicable Merger ConsiderationConsideration (net of the principal amount of the Management Notes plus accrued interest thereon to the Effective Time held by holders of Common Shares and Class A Preferred Shares) represented by such Certificate (other than with respect to Dissenting Shares).

Appears in 1 contract

Samples: Merger Agreement (Patterson Dental Co)

Cancellation of Company Shares. At the Effective Time, all Company Shares shall no longer will be outstanding cancelled and shall be canceled and retired and shall will cease to exist, exist and each certificate or other instrument (a “Certificate”) formerly previously representing any of such Company Shares shall thereafter will represent only the right to receive, without interest, the applicable Common Stock Merger ConsiderationConsideration as provided by Sections 2.1 and 2.2.2.

Appears in 1 contract

Samples: Agreement and Plan of Merger (DanDrit Biotech USA, Inc.)

Cancellation of Company Shares. At 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 certificate (holder of a “Certificate”) formerly Certificate representing any of such Company Shares shall thereafter represent only cease to have any rights with respect thereto, except the right to receive the applicable Sellers’ Merger ConsiderationConsideration represented by such Certificate (other than with respect to Dissenting Shares).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Medvest Holdings Corp)

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Cancellation of Company Shares. At 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 certificate (holder of a “Certificate”) formerly Certificate representing any of such Company Shares shall thereafter represent only cease to have any rights with respect thereto, except the right to receive the applicable Merger ConsiderationConsideration represented by such Certificate (other than with respect to Dissenting Shares).

Appears in 1 contract

Samples: Merger Agreement (Investment Technology Group Inc)

Cancellation of Company Shares. At From and after the Effective Time, all Company Shares shall no longer be outstanding and shall automatically be canceled cancelled and retired and shall cease to exist, and each certificate (holder of a “Certificate”) formerly Certificate representing any of such Company Shares shall thereafter represent only cease to have any rights with respect thereto, except the right to receive the applicable Merger ConsiderationConsideration represented by such Certificate (other than with respect to Dissenting Shares).

Appears in 1 contract

Samples: Merger Agreement (Paychex Inc)

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