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: Agreement and Plan of Merger (Sterling Venture Partners L P), Agreement and Plan of Merger (Cardinal Health Partners Lp), Agreement and Plan of Merger (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: Agreement and Plan of Merger (Radiant Systems Inc), Agreement and Plan of Merger (NCR Corp), Agreement and Plan of Merger (Verifone Systems, Inc.)

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

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: Agreement and Plan of Merger (Great Plains Energy Inc), Agreement and Plan of Merger, Agreement and Plan of Merger (Black Hills Corp /Sd/)

Cancellation of Shares. Each Excluded Share shall, by virtue of the Merger 1 and without any action on the part of the holder thereofof such Excluded Share, cease to be outstanding, shall be cancelled without payment of any consideration therefor and shall cease to exist.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Greenlane Holdings, Inc.), Agreement and Plan of Merger (KushCo Holdings, 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: Agreement and Plan of Merger (Republic Automotive Parts Inc), Agreement and Plan of Merger (Keystone Automotive Industries Inc)

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: Agreement and Plan of Merger, Agreement and Plan of Merger (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: Agreement and Plan of Merger (INPHI Corp), Agreement and Plan of Merger (INPHI 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: Agreement and Plan of Merger (Interpore International Inc /De/), Agreement and Plan of Merger (Biomet Inc)

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), Agreement and Plan of Merger (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: Agreement and Plan of Merger (Ameritech Corp /De/), Agreement and Plan of Merger (SBC Communications Inc)

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: Agreement and Plan of Merger (Dsi Toys Inc), Agreement and Plan of Merger (Park Pharmacy Corp)

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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: Agreement and Plan of Merger (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, shall 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: Agreement and Plan of Merger (MKS Instruments Inc)

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: Agreement and Plan of Merger (Occidental Petroleum Corp /De/)

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: Agreement and Plan of Merger (SWWT 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 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: Agreement and Plan of Merger (Oerlikon Buhrle Usa Inc)

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: Agreement and Plan of Merger (Abr Information Services Inc)

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