Cancellation of Holdings Common Stock. Each share of Holdings Common Stock issued and outstanding immediately prior to the Merger shall automatically be cancelled and retired and shall cease to exist and no consideration shall be paid therefor.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Global Aero Logistics Inc.), Agreement and Plan of Merger (World Airways Inc /De/)
Cancellation of Holdings Common Stock. Each At the Effective Time, by virtue of the Transactions and without any action on the part of any holder of any LLC Interest or any holder of capital stock of SmarterKids or Holdings, each share of Holdings Common Stock issued and outstanding immediately prior to the Merger Effective Time shall automatically be cancelled and retired and shall cease to exist canceled, and no consideration shall be paid delivered in exchange therefor.
Appears in 2 contracts
Samples: Terms Agreement (Smarterkids Com Inc), Contribution Agreement and Plan of Reorganization and Merger (Smarterkids Com Inc)
Cancellation of Holdings Common Stock. Each At the Effective Date, each share of Holdings Common Stock issued and outstanding that is owned by the Company immediately prior to the Merger shall automatically be cancelled canceled and retired and shall cease to exist and no consideration shall be paid thereforexist.
Appears in 1 contract
