Common use of Cancellation of Parent-Owned and Company-Owned Stock Clause in Contracts

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

Cancellation of Parent-Owned and Company-Owned Stock. Each At the Effective Time, by virtue of the Merger and without any action on the part of any of the parties hereto, each share ---------------------------------------------------- of Company Capital Stock owned by Parent, Merger Sub, Parent, the Company or any direct or indirect wholly-owned subsidiary of Parent or of the Company thereof immediately prior to the Effective Time Time, shall be canceled cancelled and extinguished without any conversion thereof.

Cancellation of Parent-Owned and Company-Owned Stock. Each At the Effective Time, by virtue of the Merger and without any action on the part of any of the parties hereto, each share ---------------------------------------------------- of Company Capital Stock owned by Parent, Merger Sub, Parent, the Company or any direct or indirect wholly-owned subsidiary of Parent or of the Company thereof, immediately prior to the Effective Time shall be canceled cancelled and extinguished without any conversion thereof.

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

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Stock owned by Merger Sub, Parent, Parent or the Company or any direct or indirect wholly-owned subsidiary Subsidiary of Parent or of the Company immediately prior to the Effective Time shall be automatically canceled and extinguished without any conversion thereofthereof and without any further action on the part of Parent, Merger Sub or the Company.

Cancellation of Parent-Owned and Company-Owned Stock. Each At the Effective Time, by virtue of the Merger and without any action on the part of any of the parties hereto, each share ---------------------------------------------------- of capital stock of the Company Capital Stock owned by Parent, Merger Sub, Parent, the Company or any direct or indirect wholly-wholly owned subsidiary of Parent or of the Company thereof immediately prior to the Effective Time Time, shall be canceled cancelled and extinguished without any conversion thereof.

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

Cancellation of Parent-Owned and Company-Owned Stock. Each At the ---------------------------------------------------- Effective Time, by virtue of the Merger and without any action on the part of any of the parties hereto, each share ---------------------------------------------------- of Company Capital Stock owned by Parent, Merger Sub, Parent, the Company or any direct or indirect wholly-owned subsidiary of Parent or of the Company thereof immediately prior to the Effective Time Time, shall be canceled cancelled and extinguished without any conversion thereof.

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Stock owned by Merger Sub, Parent, Parent or the Company or any direct or indirect wholly-owned subsidiary Subsidiary of Parent or of the Company immediately prior to the Effective Time shall be automatically canceled and extinguished without any (i) conversion thereofthereof or (ii) further action on the part of Parent or the Company or any Subsidiary of Parent or the Company.

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Stock Common owned by Merger Sub, Parent, Parent or the Company or any direct or indirect wholly-owned subsidiary Subsidiary of Parent or of the Company immediately prior to the Effective Time shall be canceled automatically cancelled and extinguished at the Effective Time without any conversion thereofthereof and without any further action on the part of Parent, Merger Subsidiary or the Company.

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Stock owned by Merger Sub, Parent, Share held in the Company or any direct or indirect wholly-owned subsidiary of Parent or treasury of the Company and each Company Capital Share owned by Parent or Merger LLC immediately prior to the Effective Time shall be canceled cancelled and extinguished without any conversion thereof, and no payment or distribution shall be made with respect thereto.

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

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

Cancellation of Parent-Owned and Company-Owned Stock. Each At the Effective Time, by virtue of the Merger and without any action on the part of any of the parties hereto, each share ---------------------------------------------------- of Company Capital Stock owned by Parent, Merger Sub, Parent, the Company or any direct or indirect wholly-wholly owned subsidiary of Parent or of the Company Subsidiary thereof immediately prior to the Effective Time Time, shall be canceled cancelled and extinguished without any conversion thereof.

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Stock owned by Merger Sub, Parent, the Company or any direct or indirect wholly-wholly owned subsidiary of Parent or of the Company immediately prior to at the Effective Time shall be canceled and extinguished without any conversion thereofthereof or consideration therefor.

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

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Stock owned held by Merger Sub, Parent, Parent or the Company or any direct or indirect wholly-owned subsidiary of Parent or of the Company immediately prior to the Effective Time shall be canceled cancelled and extinguished without as of the Effective Time and shall not be converted into the right to receive any conversion thereofportion of the Merger Consideration.

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

Cancellation of Parent-Owned and Company-Owned Stock. Each share of ---------------------------------------------------- of Company Capital Stock owned by Merger Sub, Parent, Parent or the Company or any direct or indirect wholly-owned subsidiary Subsidiary of Parent or of the Company Company, if any, immediately prior to the Effective Time shall be automatically canceled and extinguished without any conversion thereofthereof and without any further action on the part of Parent, Merger Sub or the Company.

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Stock owned by Merger Sub, Parent, Parent or the Company or any direct or indirect wholly-owned subsidiary of Parent or of the Company their respective Subsidiaries immediately prior to the Effective Time shall be canceled automatically, without any further action of the Parent or the Company, cancelled and extinguished without any further action on the part of Parent or the Company and without any conversion thereofthereof and no consideration shall be delivered in exchange therefor.

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

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Stock owned by Merger Sub, Parent, the Company or any direct or indirect wholly-wholly owned subsidiary Subsidiary of Parent or of the Company immediately prior to at the Effective Time shall be canceled and extinguished without any conversion thereofthereof or consideration therefor.

Cancellation of Parent-Owned and Company-Owned Stock. Each At the Effective Time, by virtue of the Merger and without any action on the part of any of the parties hereto, each share ---------------------------------------------------- of Company Capital Stock owned by Parent, Merger Sub, Parent, the Company or any direct or indirect wholly-owned subsidiary of Parent or of the Company thereof immediately prior to the Effective Time Time, shall be canceled cancelled and extinguished without any conversion thereof.

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

Cancellation of Parent-Owned and Company-Owned Stock. Each Immediately prior to the Effective Time, by virtue of the Merger and without any action on the part of any of the parties hereto, each share ---------------------------------------------------- of Company Capital Stock owned by Merger Sub, Parent, the Company or any direct or indirect wholly-wholly owned subsidiary of Parent or of the Company thereof immediately prior to the Effective Time Time, including, but not limited to, Company Series A Preferred Stock, shall be canceled cancelled and extinguished without any conversion thereof.

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Common Stock owned by or Company Option that Merger Sub, Parent, the Company or any direct or indirect wholly-owned subsidiary Subsidiary of Merger Sub, Parent or of the Company owns, or holds in treasury, immediately prior to the Effective Time shall will be canceled and extinguished without any conversion thereofconversion.

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Stock owned by Share that Merger Sub, Parent, the Company or any direct or indirect wholly-owned subsidiary Subsidiary of Parent or of the Company owns immediately prior to the Effective Time shall will be canceled and extinguished without any conversion thereofconversion.

Cancellation of Parent-Owned and Company-Owned Stock. Each Notwithstanding anything expressed or implied to the contrary, each share ---------------------------------------------------- of Company Capital Stock owned by Merger Sub, Parent, Parent or the Company or any direct or indirect wholly-owned subsidiary of Parent or of the Company immediately prior to the Effective Time shall be automatically canceled and extinguished without any conversion thereofthereof and without any further action on the part of Parent or the Company and shall not be entitled to any portion of the Merger Consideration.

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Common Stock owned by Merger Sub, Parent, Parent or the Company or any direct or indirect wholly-owned subsidiary Subsidiary of Parent or of the Company immediately prior to the Effective Time shall be automatically canceled and extinguished without any (i) conversion thereofthereof into the right to receive the Merger Consideration or (ii) further action on the part of Parent or the Company.

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Stock owned by Merger Sub, Parent, Parent or the Company or any direct or indirect wholly-owned subsidiary Subsidiary of Parent or of the Company immediately prior to the Effective Time shall be automatically canceled and extinguished without any conversion thereofthereof and without any further action on the part of Parent, Merger Sub or the Company.

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Stock owned by Merger Sub, Parent, the Company or any direct or indirect wholly-owned subsidiary of Parent or of the Company immediately prior to the Effective Time shall be automatically canceled and extinguished without any conversion thereofthereof and without any further action on the part of Parent or the Company.

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- At the Effective Time, by virtue of the Merger and without any action on the part of Merger Sub, the Company, the holders of any shares of Company Capital Common Stock, or the holders of any capital stock of Merger Sub, each share of Company Common Stock owned by Merger Sub, Parent, the Company or any direct or indirect wholly-owned subsidiary of Parent or of the Company immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereofthereof and no consideration shall be delivered in exchange therefor.

Cancellation of Parent-Owned and Company-Owned Stock. Each ---------------------------------------------------- share ---------------------------------------------------- of Company Capital Stock owned by Merger Sub, Parent, the Parent or the Company or any direct or indirect wholly-owned subsidiary Subsidiary of the Parent or of the Company immediately prior to the Effective Time shall be automatically canceled and extinguished without any conversion thereofconsideration in respect thereof and without any further action on the part of the Parent, Merger Sub or the Company.

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- All shares of Company Capital Stock that are owned directly or indirectly by Merger Sub, Parent, the Company or any direct subsidiary of the Company, or indirect wholly-owned by Parent or any subsidiary of Parent, shall be cancelled and extinguished, and no stock of Parent or of the Company immediately prior to the Effective Time other consideration shall be canceled and extinguished without any conversion thereofdelivered in exchange therefor.

Cancellation of Parent-Owned and Company-Owned Stock. Each At the Effective Time, by virtue of the Merger and without any action on the part of any of the parties hereto, each share ---------------------------------------------------- of Company Capital Stock owned by Parent, Merger Sub, Parent, the Company or any direct or indirect wholly-owned subsidiary of Parent or of the Company thereof immediately prior to the Effective Time Time, shall be canceled cancelled and extinguished without any conversion thereofthereof or consideration therefor.

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Stock owned by Merger SubSub 1, Parent, the Company Company, or any direct or indirect wholly-owned subsidiary of Parent or Subsidiary of the Company or of Parent immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

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

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Stock Stock, if any, owned by Merger Sub, Parent, Parent or the Company or any direct or indirect wholly-owned subsidiary Subsidiary of Parent or of the Company immediately prior to the Effective Time shall be automatically canceled and extinguished without any conversion thereofthereof and without any further action on the part of Parent, Merger Sub or the Company.

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- All shares of Company Capital Stock that are owned directly or indirectly by Merger Sub, Parent, the Company or any direct subsidiary of the Company, or indirect wholly-owned by Parent 2 or any subsidiary of Parent, shall be cancelled and extinguished, and no stock of Parent or of the Company immediately prior to the Effective Time other consideration shall be canceled and extinguished without any conversion thereofdelivered in exchange therefor.

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Stock owned by Merger Sub, that Parent, the Company or any direct or indirect wholly-owned subsidiary Subsidiary of Parent or of the Company owns immediately prior to the Effective Time shall will be canceled and extinguished without any conversion thereofconversion.

Cancellation of Parent-Owned and Company-Owned Stock. Each share ---------------------------------------------------- of Company Capital Stock owned by Share that Merger Sub, Parent, the Company or any direct or indirect wholly-owned subsidiary of Parent or of the Company owns immediately prior to the Effective Time shall will be canceled and extinguished without any conversion thereofextinguished, and no payment or distribution will be made with respect thereto.

Cancellation of Parent-Owned and Company-Owned Stock. Each Other than as set forth in this Agreement and the Merger Agreement, each share ---------------------------------------------------- of or right to acquire Company Capital Stock owned by Merger Sub, Parent, the Company or any direct or indirect wholly-wholly owned subsidiary of Parent or of the Company immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.