Cancellation of Old Common Stock. Each share of Old Common Stock outstanding immediately prior to the Effective Time will be canceled without payment of any consideration therefor and shall cease to exist.
Cancellation of Old Common Stock. 1.5.1 Immediately upon the filing of the Amended Charter, (a) each of the Existing Stockholders holding shares of Old Common Stock shall be entitled to receive 175.76049 shares of Class A Common Stock in exchange for each share of Old Common Stock held by such Existing Stockholder and (b) each of the stock certificates representing shares of Old Common Stock (the “Certificate(s)”) shall cease to represent any ownership interest in Vantiv and shall thereafter represent only the right to receive the shares of New Class A Common Stock into which such shares of Old Common Stock have been reclassified in accordance with this Article I.
Cancellation of Old Common Stock. After the Effective Time of the Merger, each holder of record of any outstanding certificate or certificates theretofore representing shares of Old Common Stock ("Old Certificates") will be instructed on how to surrender the Old Certificates to the Company's transfer agent, and receive in exchange therefor a certificate or certificates representing the number of shares of New Common Stock calculated on the basis described in this Article III. Until so surrendered, each outstanding Old Certificate which, prior to the Effective Time of the Merger, represented one or more shares of Old Common Stock shall be deemed for all corporate purposes to evidence ownership of a number of shares of New Common Stock calculated on the basis described in this Article III. Upon the surrender of an Old Certificate or Old Certificates representing shares of Old Common Stock, the proper officers of the Surviving Corporation shall cancel said Old Certificate or Old Certificates.
Cancellation of Old Common Stock. After the -------------------------------- Effective Time of the Merger, each holder of record of any outstanding certificate or certificates theretofore representing shares of Old Common Stock may surrender the same to American Stock Transfer & Trust Company, 00 Xxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, and such holder shall be entitled upon such surrender to receive in exchange therefor a certificate or certificates representing an equal number of shares of New Common Stock. Until so surrendered, each outstanding certificate which, prior to the Effective Time of the Merger, represented one or more shares of Old Common Stock shall be deemed for all corporate purposes to evidence ownership of an equal number of shares of New Common Stock. Upon the surrender of a certificate or certificates representing shares of Old Common Stock, a proper officer of US Industrial shall cancel said certificate or certificates.
Cancellation of Old Common Stock. OLD SENIOR PREFERRED STOCK AND OLD JUNIOR PREFERRED STOCK. On and as of the Effective Date, the Old Common Stock, Old Senior Preferred Stock and Old Junior Preferred Stock and each share of capital stock of each Debtor shall be canceled and rendered null and void.
Cancellation of Old Common Stock. On the Effective Date, the Old Common Stock shall be canceled and extinguished, and the holders of the Old Common Stock shall not receive any equity or other interest in Reorganized Stratosphere or any other consideration in exchange for cancellation of the Old Common Stock.
