Common use of Cancellation of Rollover Securities Clause in Contracts

Cancellation of Rollover Securities. Subject to the terms and conditions set forth herein, (a) each Rollover Securityholder agrees that its/his Rollover Securities shall be cancelled at the Effective Time for no consideration, and (b) other than its/his Rollover Securities, all Equity Interests of the Company held by such Rollover Securityholder, if any, shall be treated as set forth in the Merger Agreement and not be affected by the provisions of this Agreement.

Appears in 6 contracts

Samples: Rollover and Support Agreement (Wang Zhili), Support Agreement (Qi Guosheng), Support Agreement (Bona Film Group LTD)

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Cancellation of Rollover Securities. Subject to the terms and conditions set forth herein, (a) each Rollover Supporting Securityholder agrees that its/his or its Rollover Securities shall be cancelled at the Effective Time for no consideration, and (b) other than its/his or its Rollover Securities, all Equity Interests of the Company held by such Rollover Supporting Securityholder, if any, shall be treated as set forth in the Merger Agreement and not be affected by the provisions of this Agreement.

Appears in 1 contract

Samples: Support Agreement (Chen Xiangyu)

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