Common use of Cancellation of Company Shares Clause in Contracts

Cancellation of Company Shares. Each of the Company Shares held by the Company as dormant shares or held by Parent or Merger Sub immediately prior to the Effective Time shall automatically be cancelled, retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefor or in respect thereof.

Cancellation of Company Shares. Each of the Company Shares held by the Company as dormant shares or held by Parent the Purchaser or the Merger Sub immediately prior to the Effective Time shall automatically be cancelled, retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefor or in respect thereof.

Cancellation of Company Shares. Each of the Any Company Shares held by the and any securities convertible or exchangeable into Company as dormant shares or held by Parent or Merger Sub Shares that are owned, immediately prior to the Effective Time 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, cancelled and retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.