Cancellation of Parent Common Stock Owned by Parent. At the Effective Time, if there are any shares of Parent Common Stock that are owned by the Parent as treasury stock or any shares of Parent Common Stock owned by any direct or indirect wholly owned subsidiary of the Parent immediately prior to the Effective Time, such shares shall be canceled and extinguished without any conversion thereof or payment therefor.
Appears in 1 contract
Cancellation of Parent Common Stock Owned by Parent. At the Effective Time, if there are any shares of Parent Common Stock that are owned by the Parent as treasury stock shares or any shares of Parent Common Stock owned by any direct or indirect wholly owned subsidiary Subsidiary of the Parent immediately prior to the Effective Time, such shares Time shall be canceled and extinguished without any conversion thereof or payment therefor.
Appears in 1 contract
Cancellation of Parent Common Stock Owned by Parent. At the Redomestication Merger Effective Time, if there are any shares of Parent Common Stock that are owned by the Parent as treasury stock shares or any shares of Parent Common Stock owned by any direct or indirect wholly owned subsidiary of the Parent immediately prior to the Redomestication Merger Effective Time, such shares shall be canceled and extinguished without any conversion thereof or payment therefor.
Appears in 1 contract
Samples: Merger Agreement (Mountain Crest Acquisition Corp. III)
Cancellation of Parent Common Stock Owned by Parent. At the Redomestication Effective Time, if there are any shares of Parent Common Stock that are owned by the Parent as treasury stock shares or any shares of Parent Common Stock owned by any direct or indirect wholly owned subsidiary of the Parent immediately prior to the Redomestication Effective Time, such shares shall be canceled and extinguished without any conversion thereof or payment therefor.
Appears in 1 contract
Samples: Business Combination Agreement (Inception Growth Acquisition LTD)
Cancellation of Parent Common Stock Owned by Parent. At the Redomestication Merger Effective Time, if there are any shares of Parent Common Stock that are owned by the Parent as treasury stock shares or any shares of Parent Common Stock owned by any direct or indirect wholly owned subsidiary of the Parent immediately prior to the Redomestication Merger Effective Time, such shares shall be canceled and extinguished without any conversion thereof or payment therefor.
Appears in 1 contract
Cancellation of Parent Common Stock Owned by Parent. At the Reincorporation Effective Time, if there are any shares of Parent Common Stock that are owned by the Parent as treasury stock shares or any shares of Parent Common Stock owned by any direct or indirect wholly owned subsidiary Subsidiary of the Parent immediately prior to the Reincorporation Effective TimeTime (the “Parent Excluded Shares”), such shares shall be canceled and extinguished without any conversion thereof or payment therefor.
Appears in 1 contract
Samples: Business Combination Agreement (Acri Capital Acquisition Corp)
Cancellation of Parent Common Stock Owned by Parent. At the Reincorporation Effective Time, if there are any shares of Parent Common Stock that are owned by the Parent as treasury stock shares or any shares of Parent Common Stock owned by any direct or indirect wholly owned subsidiary of the Parent immediately prior to the Reincorporation Effective Time, such shares shall be canceled and extinguished without any conversion thereof or payment therefor.
Appears in 1 contract
