Common use of Cancellation of Company Stock Clause in Contracts

Cancellation of Company Stock. At the Effective Time, all shares of Company Stock will no longer be outstanding and all shares of Company Stock will be cancelled and retired and will cease to exist, and, subject to Section 2.04, each holder of a certificate formerly representing any such shares (each, a “Certificate”) will cease to have any rights with respect thereto, except the right to receive the Merger Shares in accordance with Section 2.01(g) hereof.

Appears in 1 contract

Samples: Merger Agreement (On-Air Impact, Inc.)

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Cancellation of Company Stock. At Each share of Company Stock issued and outstanding immediately prior to the Effective Time, all shares of Company Stock will but excluding the Dissenting Shares, Treasury Shares and the Excluded Shares, shall no longer be outstanding and all shares of Company Stock will shall automatically be cancelled and retired and will shall cease to exist, and, subject to Section 2.041.13 below, each holder of a certificate formerly representing any such shares Company Stock (each, a “CertificateStockholder”) will shall cease to have any rights with respect thereto, except the right to receive the Merger Shares payment contemplated by Section 1.6(d) or (e) and Section 1.11 above in accordance with the provisions of Section 2.01(g) hereof2.2 below.

Appears in 1 contract

Samples: Merger Agreement (Apex Bioventures Acquisition Corp)

Cancellation of Company Stock. At the Effective Time, all shares of Company Stock will no longer be outstanding and all shares of Company Stock will be cancelled and retired and will cease to exist, and, subject to Section 2.04, each holder of a certificate formerly representing any such shares (each, a “Certificate”) will cease to have any rights with respect thereto, except the right to receive the Merger Shares in accordance with Section 2.01(g2.01(e) hereof.

Appears in 1 contract

Samples: Merger Agreement (Romulus Corp.)

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Cancellation of Company Stock. At Subject to Sections 3.1.3 and 3.1.5, as of the Effective Time, all shares of Company Stock will no longer be outstanding and all shares of Company Stock will automatically be cancelled canceled and retired and will cease to exist, and, subject to Section 2.04, and each holder of a certificate formerly representing any such shares (each, a “Certificate”) of Company Stock will cease to have any rights with respect thereto, except the right to receive the Merger Shares Consideration in accordance with this Section 3.1 upon surrender of such certificate in accordance with Section 2.01(g) hereof3.2.

Appears in 1 contract

Samples: Merger Agreement (DST Systems Inc)

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