Cancellation of Parent Common Stock Sample Clauses

Cancellation of Parent Common Stock. At the Effective Time, by virtue of the Mergers and without any action on the part of any holder of any capital stock of ValueVision, National Media or Parent, each share of Parent Common Stock issued and outstanding immediately prior to the Effective Time shall be canceled, and no consideration shall be delivered in exchange therefor. Section 2.4.
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Cancellation of Parent Common Stock. Each share of Parent Common Stock issued and outstanding immediately prior to the Lion Effective Time shall automatically be cancelled and retired and shall cease to exist.
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Cancellation of Parent Common Stock. Each share of common stock of Parent issued and outstanding immediately prior to the Company Merger Effective Time will no longer be outstanding and will automatically be retired and will cease to exist, and no payment will be made with respect thereto.”
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Cancellation of Parent Common Stock. Each share of Parent Common Stock owned by Alliqua immediately prior to the Effective Time shall automatically be cancelled and retired and shall cease to exist, and no consideration whatsoever shall be delivered in exchange therefor.
Sample 1
Cancellation of Parent Common Stock. In consideration of the Company’s willingness to enter into the transactions contemplated by this Agreement and in order to provide an appropriate capital structure after the Closing, immediately prior to the Closing, the Parent and Xxxxx Xxxx (“Xxxx”) shall enter into a stock cancellation agreement (the “Cancellation Agreement”) pursuant to which the Parent shall cause to be cancelled and retired nine million three hundred twenty four thousand forty two (9,324,042) shares of Parent Common Stock held by Xxxx.
Sample 1
Cancellation of Parent Common Stock. Subsequent to and upon the same day as, or within one (1) day of, the issuance of the Common Shares to the Equity-Holders, (i) the Parent and Xxxx Xxxxxx shall take all proper steps to effect the cancellation of Four Million Seven Hundred Fifty Thousand (4,750,000) shares of Parent Common Stock held by Xxxx Xxxxxx, (ii) the Parent and Xxxxxx Xxxxxxx shall take all proper steps to effect the cancellation of Two Million Eight Hundred Fifty Thousand (2,850,000) shares of Parent Common Stock held by Xxxxxx Xxxxxxx, and (iii) the Parent shall also cause the cancellation of Seven Hundred Fifty-One Thousand Six Hundred Sixty-Eight (751,668) shares of Parent Common Stock held by E-Clean Acquisitions, Inc., One Hundred Sixty-Six Thousand Six Hundred Sixty-Seven (166,667) shares of Parent Common Stock held by Enzyme Bio-Sciences, LLC, One Hundred Twenty Thousand (120,000) shares of Parent Common Stock held by XXXX, Inc. and Twenty-Five Thousand One (25,001) shares of lost Parent Common Stock formerly held by Xxxx Xxxxx.
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Related to Cancellation of Parent Common Stock

  • Cancellation of Parent-Owned Stock Each share of Company Common Stock held by Company or owned by Merger Sub, Parent or any direct or indirect wholly-owned subsidiary of Company or of Parent immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

  • Cancellation of Company Common Stock At the Effective Time, all Company Shares owned by the Company, Parent or Merger Sub shall be cancelled and shall cease to exist, and no consideration shall be delivered in exchange therefor.

  • Cancellation of Company-Owned Stock Each share of Company Common Stock owned by the Company or the Company Subsidiary immediately prior to the Effective Time shall be automatically canceled and extinguished without any exchange thereof and without any further action on the part of Buyer, Merger Sub or the Company.

  • Cancellation of Treasury Stock and Parent-Owned Stock Any shares of Company Common Stock that are owned by the Company as treasury stock, and any shares of Company Common Stock owned by Parent or Merger Sub, shall be automatically canceled and shall cease to exist and no consideration shall be delivered in exchange therefor.

  • Issuance of Parent Common Stock When issued in accordance with the terms of this Agreement, the shares of Parent Common Stock to be issued pursuant to Section 1.3(b) to the holders of Company Shares will be duly authorized, validly issued, fully paid and nonassessable and not subject to preemptive rights.

  • Cancellation of Options In exchange for the consideration described in Section 1.2 below, the Participant hereby agrees that the Award Agreement and the Participant’s interests in the Underwater Options shall be cancelled, terminated, and of no further force or effect, effective as of the Effective Date, and that neither the Company nor the Participant shall have any further rights or obligations with respect to the Award Agreement, the Underwater Options, or with respect to which any shares of Common Stock that could have been acquired upon vesting and exercise of the Underwater Options.

  • Parent Common Stock At and after the Effective Time, each share of Parent Common Stock issued and outstanding immediately prior to the Effective Time shall remain an issued and outstanding share of common stock of the Surviving Corporation and shall not be affected by the Merger.

  • Cancellation of Treasury Shares Each share of Company Common Stock held in the Company treasury and each share of Company Common Stock, if any, owned by any wholly-owned subsidiary of the Company immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

  • Cancellation of Shares If the Corporation shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Purchased Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement). Such shares shall be deemed purchased in accordance with the applicable provisions hereof, and the Corporation shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

  • Cancellation of Treasury Stock Each share of Company Common Stock and all other shares of capital stock of the Company that are owned by the Company shall be canceled and retired and shall cease to exist, and no consideration shall be delivered or deliverable in exchange therefor.

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