Common use of Cancellation of Excluded Shares Clause in Contracts

Cancellation of Excluded Shares. At the Effective Time, each Excluded Share that is issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, cease to be outstanding, shall be canceled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 3 contracts

Samples: Merger Agreement (Fair Isaac & Company Inc), Merger Agreement (Moore Medical Corp), Merger Agreement (HNC Software Inc/De)

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Cancellation of Excluded Shares. At the Effective Time, each Excluded Share that is issued and outstanding immediately prior to the Effective Time shall, by virtue as a result of the Merger and without any action on the part of the Parties or any holder thereofof any shares of capital stock of the Company, cease each Excluded Share issued immediately prior to be outstanding, the Effective Time shall be canceled and retired cancelled without payment of any consideration therefor and shall cease to exist.

Appears in 3 contracts

Samples: Merger Agreement (New Senior Investment Group Inc.), Merger Agreement (Ventas, Inc.), Merger Agreement

Cancellation of Excluded Shares. At the Effective Time, each Each Excluded Share that is (other than the Dissenting Shares) issued and outstanding immediately prior to the Effective Time shallTime, by virtue of the Merger and without any action on the part of the holder thereof, cease to be outstandingits holder, shall be canceled and retired without payment of any consideration therefor cancelled and shall cease to existexist as of the Effective Time, and no consideration shall be delivered with respect thereto.

Appears in 3 contracts

Samples: Merger Agreement (Jinpan International LTD), Merger Agreement (New Horizon Capital Iii, L.P.), Merger Agreement (Exceed Co Ltd.)

Cancellation of Excluded Shares. At the Effective Time, each Excluded Share that is issued and outstanding immediately prior to the Effective Time shall, by virtue as a result of the Merger and without any action on the part of the Parties or any holder thereofof any shares of capital stock of Parent or the Company, each Excluded Share issued and outstanding immediately prior to the Effective Time shall cease to be outstanding, shall be canceled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 2 contracts

Samples: Merger Agreement (Kimco Realty Corp), Merger Agreement (Weingarten Realty Investors /Tx/)

Cancellation of Excluded Shares. At the Effective Time, each Excluded Share that is issued and outstanding immediately prior to the Effective Time shall, by virtue as a result of the Merger and without any action on the part of the Parties or any holder thereofof any shares of capital stock or limited liability company interests, as applicable, of Parent, Merger Sub or the Company, each Excluded Share issued and outstanding immediately prior to the Effective Time shall cease to be outstanding, shall be canceled and retired cancelled without payment of any consideration therefor and shall cease to exist.

Appears in 2 contracts

Samples: Merger Agreement (Care Capital Properties, Inc.), Merger Agreement (Sabra Health Care REIT, Inc.)

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Cancellation of Excluded Shares. At the Effective Time, each Each Excluded Share that is (other than Dissenting Shares) issued and outstanding immediately prior to the Effective Time shallTime, by virtue of the Merger and without any action on the part of the holder thereof, cease to be outstandingits holder, shall be canceled and retired without payment of any consideration therefor cancelled and shall cease to existexist as of the Effective Time, and no consideration shall be delivered with respect thereto.

Appears in 2 contracts

Samples: Merger Agreement (Newater Technology, Inc.), Merger Agreement

Cancellation of Excluded Shares. At the Effective Time, each Excluded Share that is issued and outstanding immediately prior to the Effective Time shall, by virtue as a result of the Merger and without any action on the part of the Parties or any holder thereofof any shares of capital stock of Safe or Star, each Excluded Share issued and outstanding immediately prior to the Effective Time shall cease to be outstanding, shall be canceled and retired cancelled without payment of any consideration therefor and shall cease to exist.

Appears in 1 contract

Samples: Merger Agreement (Istar Inc.)

Cancellation of Excluded Shares. At the Effective Time, each Excluded Share that is issued and outstanding immediately prior to the Effective Time shall, by virtue as a result of the Merger and without any action on the part of the Parties or any holder thereofof any shares of capital stock of Parent or the Company, each Excluded Share issued and outstanding immediately prior to the Effective Time shall cease to be outstanding, shall be canceled and retired cancelled without payment of any consideration therefor and shall cease to exist.

Appears in 1 contract

Samples: Merger Agreement (Cousins Properties Inc)

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