Common use of Cancellation of Company Shares Clause in Contracts

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. As At the Effective Time, each share of common stock, no par value per share, of the Company Merger Effective Time, all (each a "Company Shares Share" and together the "Company Shares") issued and outstanding immediately prior to the Company Merger Effective Time shall shall, by virtue of the Merger and without any action on the part of the holder thereof, no longer be outstanding and outstanding, shall automatically be canceled and retired without payment of any consideration therefore and shall cease to exist. After the Effective Time, and each holder there shall be no transfers on the stock transfer books of a the Company Share (other than Excluded Shares, if any) shall cease of the Company Shares that were outstanding immediately prior to have any rights with respect to such interest, except the right to receive the Per Company Share Merger ConsiderationEffective Time.

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 and any Company Subsidiary 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, without interest.