Common use of Cancellation of Excluded Shares Clause in Contracts

Cancellation of Excluded Shares. Each share of Company Common Stock that is owned by Company (or by any of its wholly-owned Subsidiaries) or Purchaser (or by any of its wholly-owned Subsidiaries) (collectively, the “Excluded Shares”, provided, however, that Excluded Shares shall not include Trust Account Shares or DPC Shares as defined in this Plan of Merger) immediately before the Effective Time will automatically be canceled and cease to exist without delivery of any consideration in exchange for or in respect of any Excluded Share.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Independent Bank Corp /Mi/), Agreement and Plan of Merger (Monarch Community Bancorp Inc), Agreement and Plan of Merger (Old National Bancorp /In/)

AutoNDA by SimpleDocs

Cancellation of Excluded Shares. Each share of Company Common Stock that is owned by Company (or by any of its wholly-owned Subsidiaries) or Purchaser (or by any of its wholly-owned Subsidiaries) (collectively, the "Excluded Shares”, ," provided, however, that Excluded Shares shall not include Trust Account Shares or DPC Shares as defined in this Plan of Merger) immediately before the Effective Time will automatically be canceled and cease to exist without delivery of any consideration in exchange for or in respect of any Excluded Share.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Choiceone Financial Services Inc), Agreement and Plan of Merger (Chemical Financial Corp)

Cancellation of Excluded Shares. Each share of Company Common Stock that is owned by Company (or by any of its wholly-owned Subsidiaries) or Purchaser or Merger Sub (or by any of its their respective wholly-owned Subsidiaries) (collectively, the "Excluded Shares”, ," provided, however, that Excluded Shares shall not include Trust Account Shares or DPC Shares as defined in this Plan of Merger) immediately before the Effective Time will automatically be canceled and cease to exist without delivery of any consideration in exchange for or in respect of any Excluded Share.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Macatawa Bank Corp), Agreement and Plan of Merger (Wintrust Financial Corp)

Cancellation of Excluded Shares. Each share Any shares of Company Common Stock that is owned held immediately prior to the Effective Time by Company (A) the Company, as treasury shares, or by any of its wholly-owned Subsidiaries, or (B) by Parent, OpCo, Merger Sub or Purchaser (or by any of its wholly-owned Subsidiariestheir respective Subsidiaries (clauses (A) and (B) collectively, the “Excluded Shares”), providedin each case, however, that Excluded Shares shall not include Trust Account Shares or DPC Shares as defined in this Plan of Merger) immediately before the Effective Time will automatically be canceled and cease to exist without delivery as of any consideration in exchange for the Effective Time and no Merger Consideration shall be delivered or in respect of any Excluded Sharedeliverable therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Epl Oil & Gas, Inc.), Agreement and Plan of Merger (Energy Xxi (Bermuda) LTD)

Cancellation of Excluded Shares. Each share of Company Common Stock that is owned by Company (or by any of its wholly-owned Subsidiaries) or Purchaser (or by any of its wholly-owned Subsidiaries) (collectively, the “Excluded Shares”, provided, however, that Excluded Shares shall not include Trust Account Shares or DPC Shares as defined in this Plan of Merger) immediately before the Effective Time will automatically be canceled and cease to exist without delivery of any consideration in exchange for or in respect of any Excluded Share.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Old National Bancorp /In/)

Cancellation of Excluded Shares. Each share Any shares of Company Common Stock that is owned held immediately prior to the Effective Time by Company (A) the Company, as treasury shares, or by any of its wholly-owned Subsidiaries, or (B) by Parent, Holdco, Merger Sub or Purchaser (or by any of its wholly-owned Subsidiariestheir respective Subsidiaries (clauses (A) and (B) collectively, the “Excluded Shares”), providedin each case, however, that Excluded Shares shall not include Trust Account Shares or DPC Shares as defined in this Plan of Merger) immediately before the Effective Time will automatically be canceled cancelled and cease to exist without delivery as of any consideration in exchange for the Effective Time and no Merger Consideration shall be delivered or in respect of any Excluded Sharedeliverable therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Energy XXI Gulf Coast, Inc.)

AutoNDA by SimpleDocs

Cancellation of Excluded Shares. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time (i) that is owned by the Company (or by any of its wholly-owned SubsidiariesSubsidiaries or (ii) that is owned by the Buyer or Purchaser (or by any of its wholly-owned Subsidiaries) Merger Sub (collectively, the “Excluded Shares”, provided, however, that Excluded Shares shall not include Trust Account Shares or DPC Shares as defined in this Plan of Merger) immediately before the Effective Time will automatically be canceled canceled, retired and cease to exist without delivery payment of any consideration in exchange for or in with respect of any Excluded Sharethereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Quintana Maritime LTD)

Cancellation of Excluded Shares. Each share of Company Common Stock that is owned by Company (or by any of its wholly-owned Subsidiaries) or Purchaser (or by any of its wholly-owned SubsidiariesSubsidiaries (including Merger Sub)) (collectively, the "Excluded Shares”, ," provided, however, that Excluded Shares shall not include Trust Account Shares or DPC Shares as defined in this Plan of Merger) immediately before the Effective Time will automatically be canceled and cease to exist without delivery of any consideration in exchange for or in respect of any Excluded Share.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Chemical Financial Corp)

Cancellation of Excluded Shares. Each share of Company Common Stock that is owned by Company (or by any of its wholly-owned Subsidiaries) or Purchaser (or by any of its wholly-owned Subsidiaries) (collectively, the "Excluded Shares”, provided, however, that Excluded Shares shall not include Trust Account Shares or DPC Shares as defined in this Plan of Merger") immediately before the Effective Time will automatically be canceled and cease to exist without delivery of any consideration in exchange for or in respect of any Excluded Share.

Appears in 1 contract

Samples: Agreement and Plan of Merger (United Bancorp Inc /Mi/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!