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 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.