Cancellation of Parent Owned and Treasury Stock. All of the Company Shares that are owned by Parent, any direct or indirect wholly-owned subsidiary of Parent or by the Company as treasury stock shall, by virtue of the Merger, cease to be outstanding and shall be canceled and retired and no Parent Shares or other consideration shall be delivered in exchange therefor.
Appears in 3 contracts
Samples: Merger Agreement (Plato Learning Inc), Merger Agreement (Plato Learning Inc), Merger Agreement (Wasatch Interactive Learning Corp)
Cancellation of Parent Owned and Treasury Stock. All of the ----------------------------------------------- Company Shares that are owned by Parent, any direct or indirect wholly-owned subsidiary of Parent or by the Company as treasury stock shall, by virtue of the Merger, shall automatically cease to be outstanding and outstanding, shall be canceled and retired shall cease to exist and no Parent Shares or other consideration shall be delivered in exchange therefor.
Appears in 2 contracts
Samples: Merger Agreement (Usweb Corp), Merger Agreement (Usweb Corp)
Cancellation of Parent Owned and Treasury Stock. All of the ----------------------------------------------- Company Shares that are owned by Parent, any direct or indirect wholly-wholly- owned subsidiary of Parent or by the Company as treasury stock (collectively, the "Cancelled Shares") shall, by virtue of the Merger, ---------------- cease to be outstanding and shall be canceled and retired and no Parent Shares Shares, Parent Rights or other consideration shall be delivered in exchange therefor.
Appears in 1 contract
