Common use of Cancellation of Rollover Shares Clause in Contracts

Cancellation of Rollover Shares. Subject to the terms and conditions set forth herein, (a) each Rollover Shareholder agrees that his or its Rollover Shares shall be cancelled at the Closing for no consideration, and (b) other than his or its Rollover Shares, all equity securities of the Company held by such Rollover Shareholder, if any, shall be treated as set forth in the Amalgamation Agreement and not be affected by the provisions of this Agreement. Each Rollover Shareholder shall take all actions necessary to cause the number of Rollover Shares opposite such Rollover Shareholder’s name on Schedule A hereto to be treated as set forth herein.

Appears in 2 contracts

Samples: Support Agreement (Weidong Yin), Support Agreement

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Cancellation of Rollover Shares. Subject to the terms and conditions set forth herein, (a) each Rollover Shareholder agrees that his or its Rollover Shares shall be cancelled at the Closing for no consideration, and (b) other than his or its Rollover Shares, all equity securities of the Company held by such Rollover Shareholder, if any, shall be treated as set forth in the Amalgamation Merger Agreement and not be affected by the provisions of this Agreement. Each Rollover Shareholder shall will take all actions necessary or appropriate to cause the number of Rollover Shares opposite such Rollover Shareholder’s name on Schedule A hereto to be treated as set forth herein.

Appears in 1 contract

Samples: Rollover and Support Agreement (Charm Communications Inc.)

Cancellation of Rollover Shares. Subject to the terms and conditions set forth herein, (a) each Rollover Shareholder Stockholder agrees that his his, her or its Rollover Shares shall be cancelled at the Closing for no consideration, other than the consideration received in Section 2.2 hereof, and (b) other than his his, her or its Rollover Shares, all equity securities of the Company held by such Rollover ShareholderStockholder, if any, shall be treated as set forth in the Amalgamation Merger Agreement and not be affected by the provisions of this Agreement. Each Rollover Shareholder shall Stockholder will take all actions necessary to cause the number of Rollover Shares opposite such Rollover Shareholder’s his, her or its name on Schedule A hereto to be treated as set forth herein.

Appears in 1 contract

Samples: Rollover and Support Agreement (Novartis Pharma Ag)

Cancellation of Rollover Shares. Subject to the terms and conditions set forth herein, (a) each Rollover Shareholder Stockholder agrees that his his, her or its Rollover Shares shall be cancelled at the Closing for no consideration, other than the consideration received in Section 2.2 hereof, and (b) other than his his, her or its Rollover Shares, all equity securities of the Company held by such Rollover ShareholderStockholder, if any, shall be treated as set forth in the Amalgamation Merger Agreement and not be affected by the provisions of this Agreement. Each Rollover Shareholder shall Stockholder will take all actions necessary to cause the number of Rollover Shares opposite such Rollover Shareholder’s his, her or its name on Schedule A hereto to be treated as set forth herein.

Appears in 1 contract

Samples: Rollover and Support Agreement (Liu Tony)

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Cancellation of Rollover Shares. Subject to the terms and conditions set forth herein, (a) each Rollover Shareholder agrees that his or its Rollover Shares shall be cancelled at the Closing Effective Time for no consideration, consideration from the Company; and (b) other than his or its Rollover Shares, all equity securities the remaining Covered Securities of the Company held by such Rollover Shareholder, if any, shall (i) if such Covered Securities are Ordinary Shares issued and outstanding as of immediately prior to the Effective Time, be cancelled and cease to exist in exchange for the cash consideration provided under the Merger Agreement, or (ii) if such Covered Securities are represented by other securities, be treated as set forth in the Amalgamation Agreement and not be affected by the provisions of this Merger Agreement. Each Rollover Shareholder shall take all actions necessary to cause the number of Rollover Shares opposite such Rollover Shareholder’s name on Schedule A hereto its Covered Securities to be treated as set forth herein.

Appears in 1 contract

Samples: Support Agreement (Ma Baoli)

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