Common use of Cancellation of Excluded Shares Clause in Contracts

Cancellation of Excluded Shares. Each Share that is owned directly or indirectly by Parent or Merger Sub or any of their respective Subsidiaries immediately prior to the Effective Time or held directly or indirectly by the Company or any of its Subsidiaries immediately prior to the Effective Time (collectively, “Excluded Shares”) shall, by virtue of the Merger and without any action on the part of the holder thereof, be cancelled and retired and shall cease to exist, and no consideration shall be delivered in exchange for such cancellation and retirement.

Cancellation of Excluded Shares. Each Share that is held in the treasury of the Company or owned directly by any direct or indirectly indirect wholly-owned Company Subsidiary and each Share owned by Merger Sub, Parent or Merger Sub any direct or any indirect wholly-owned Subsidiary of their respective Subsidiaries Parent immediately prior to the Effective Time or held directly or indirectly by the Company or any of its Subsidiaries immediately prior to the Effective Time (collectively, “Excluded Shares”) shall, by virtue of the Merger and shall automatically be cancelled without any action on the part of the holder thereof, be cancelled and retired and shall cease to exist, conversion thereof and no consideration payment or distribution shall be delivered in exchange for such cancellation and retirementmade with respect thereto.

Cancellation of Excluded Shares. Each issued and outstanding Share that is owned directly or indirectly by Parent or Merger Sub or any of their respective Subsidiaries immediately prior to the Effective Time is owned by Parent or Merger Sub and not held directly or indirectly by the Company or any on behalf of its Subsidiaries immediately prior to the Effective Time third parties (each an “Excluded Share” and collectively, “Excluded Shares”) shallshall automatically, by virtue of the Merger and without any action on the part of the holder thereofof the Excluded Share, cease to be outstanding, shall be cancelled and retired and shall cease to exist, and no exist without payment of any consideration shall be delivered in exchange for such cancellation and retirementtherefor.

Cancellation of Excluded Shares. Each Share that is owned directly or indirectly by Parent or Merger Sub or any held in the treasury of their respective Subsidiaries immediately prior to the Effective Time or held directly or indirectly by the Company or owned by any direct or indirect wholly-owned Subsidiary of its Subsidiaries the Company and each Share owned by Merger Sub, Parent or any direct or indirect wholly-owned Subsidiary of Parent immediately prior to the Effective Time (collectively, “Excluded Shares”other than Shares irrevocably accepted for purchase by Merger Sub in the Offer) shall, by virtue of the Merger and shall automatically be cancelled without any action on the part of the holder thereof, be cancelled and retired and shall cease to exist, conversion thereof and no consideration payment or distribution shall be delivered in exchange for such cancellation and retirementmade with respect thereto.

Cancellation of Excluded Shares. Each Share All Shares that is are owned directly or indirectly by the Company as treasury stock and any Shares owned by Parent or Merger Sub or any of their respective Subsidiaries immediately prior to the Effective Time or held directly or indirectly by the Company or any of its Subsidiaries immediately prior to the Effective Time (each, an “Excluded Share” and collectively, “Excluded Shares”) shall, by virtue of the Merger and without any action on the part of the holder thereof, cease to be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist, and no consideration shall be delivered in exchange for such cancellation and retirement.