Common use of Cancellation of Shares Clause in Contracts

Cancellation of Shares. Each Excluded Share shall, by virtue of the Merger and without any action on the part of the holder thereof, cease to be outstanding, shall be cancelled without payment of any consideration therefor and shall cease to exist.

Appears in 7 contracts

Samples: Merger Agreement (Visicu Inc), Merger Agreement (Sterling Venture Partners L P), Merger Agreement (Learning Care Group, Inc)

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Cancellation of Shares. Each Excluded Company Share shall, by virtue of the Merger and without any action on the part of the holder thereof, cease to no longer be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 7 contracts

Samples: Merger Agreement (NCR Corp), Merger Agreement (Radiant Systems Inc), Merger Agreement (Hypercom Corp)

Cancellation of Shares. Each Excluded Share shall, by virtue of the Merger and without any action on the part of the holder thereof, cease to be outstanding, shall be cancelled canceled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (MCN Energy Group Inc), Merger Agreement (MCN Energy Group Inc), Merger Agreement (Dte Energy Co)

Cancellation of Shares. Each Excluded Company Share shallwill, by virtue of the Merger and without any action on the part of the holder thereofholder, cease to be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall will cease to exist.

Appears in 3 contracts

Samples: Merger Agreement, Merger Agreement (Great Plains Energy Inc), Merger Agreement (Black Hills Corp /Sd/)

Cancellation of Shares. Each of the Excluded Share Shares (other than Dissenting Shares) shall, by virtue of the Merger and without any action on the part of the holder thereofits holder, cease to be outstanding, shall be cancelled and shall cease to exist without payment of any consideration therefor and shall cease to existor distribution therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (China GrenTech CORP LTD), Merger Agreement (China GrenTech CORP LTD)

Cancellation of Shares. Each Excluded Company Share issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, cease to no longer be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 2 contracts

Samples: Merger Agreement (SBC Communications Inc), Merger Agreement (Ameritech Corp /De/)

Cancellation of Shares. Each Excluded Share shall, by virtue of the Merger Merger, and without any action on the part of the holder thereof, cease to be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 2 contracts

Samples: Merger Agreement, Merger Agreement (America West Airlines Inc)

Cancellation of Shares. Each At the Effective Time, each Excluded Share shallShare, by virtue of the Merger and without any action on the part of the holder thereof, cease to shall no longer be outstanding, shall be cancelled and retired without payment of any consideration therefor therefor, and shall cease to exist.

Appears in 2 contracts

Samples: Merger Agreement (INPHI Corp), Agreement and Plan of Merger (INPHI Corp)

Cancellation of Shares. Each Excluded Share issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, cease to be outstanding, shall be cancelled canceled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 2 contracts

Samples: Merger Agreement (Dsi Toys Inc), Merger Agreement (Park Pharmacy Corp)

Cancellation of Shares. Each Excluded Share shall, by virtue of the Merger and without any action on the part of the holder thereof, cease to be outstanding, shall be automatically cancelled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 2 contracts

Samples: Merger Agreement (Interpore International Inc /De/), Merger Agreement (Biomet Inc)

Cancellation of Shares. Each Excluded Company Share issued and outstanding immediately prior to the Effective Time and owned directly by Keystone, Merger Sub or the Company shall, by virtue of the Merger and without any action on the part of the holder thereof, cease to no longer be outstanding, shall be cancelled canceled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 2 contracts

Samples: Merger Agreement (Keystone Automotive Industries Inc), Merger Agreement (Republic Automotive Parts Inc)

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Cancellation of Shares. Each Excluded Cancelled Share shall, by virtue of the Merger and without any action on the part of the Company, Parent, Merger Sub or the holder thereof, cease to be outstanding, shall be cancelled without payment of any consideration therefor and shall cease to exist.

Appears in 1 contract

Samples: Merger Agreement (Coinmach Service Corp)

Cancellation of Shares. Each Excluded Share shall, by virtue of the Merger and without any action on the part of the holder thereof, cease to be outstanding, shall be cancelled and retired without payment of any consideration considera tion therefor and shall cease to exist.

Appears in 1 contract

Samples: Merger Agreement (Abr Information Services Inc)

Cancellation of Shares. Each Excluded Company Share shall, by virtue of issued and outstanding immediately prior to the Merger and without any action on the part of the holder thereof, cease to Effective Time shall no longer be outstanding, shall be cancelled canceled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 1 contract

Samples: Merger Agreement (SWWT Inc)

Cancellation of Shares. Each Excluded Share shall cease to be outstanding, shall, by virtue of the Merger and without any action on the part of the holder thereofMerger, cease to be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 1 contract

Samples: Merger Agreement (Oerlikon Buhrle Usa Inc)

Cancellation of Shares. Each Excluded Share shall, by virtue of the Merger Amalgamation and without any action on the part of the holder thereof, cease to be outstanding, shall be cancelled canceled and retired without payment of any consideration therefor and shall cease to exist.

Appears in 1 contract

Samples: Amalgamation Agreement (Teekay Shipping Corp)

Cancellation of Shares. Each Excluded Share shall, by virtue of the Merger and without any action on the part of the holder thereof, cease to be outstanding, shall be cancelled and retired without payment of any consideration therefor and shall cease to exist.. LA_LAN01:179306.23

Appears in 1 contract

Samples: Merger Agreement (Occidental Petroleum Corp /De/)

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