Cancellation of Stock. Each share of Company Common Stock that is owned by the Company or any wholly owned subsidiary of the Company (as treasury stock or otherwise) shall automatically be canceled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.
Cancellation of Stock. Each Spinco Interest issued and outstanding immediately prior to the Effective Time, when converted in accordance with Section 2.2, shall no longer be outstanding and shall automatically be canceled and shall cease to exist. Each holder of shares of Xxxxxx Common Stock as of the Xxxxxx Record Date shall cease to have any rights with respect to such Spinco Interests, except the right to receive the shares of common stock of the Surviving Corporation to which such holder is entitled pursuant to Section 2.2, the amount of dividends or other distributions thereon with a record date after the Effective Time and a payment date prior to the delivery of such shares by the Exchange Agent and any cash in lieu of fractional shares of common stock of the Surviving Corporation payable in accordance with Section 2.8(d), without interest.
Cancellation of Stock. Immediately before the close of business on the Date of Exchange of any LP Unit pursuant to Section 2.1(a) or (b), APAM shall automatically cancel an equal number of outstanding shares of Class B Common Stock or Class C Common Stock, as applicable, surrendered by the exchanging LP Unitholder. Any such cancelled shares of Class B Common Stock or Class C Common Stock shall be deemed no longer outstanding and all rights with respect to such shares shall automatically cease and terminate. By becoming a party to this Agreement, each LP Unitholder shall be deemed to have consented to the cancellation of such LP Unitholder’s shares of Class B Common Stock or Class C Common Stock, as applicable, in accordance with this Section 2.1(d) and the Certificate of Incorporation.
Cancellation of Stock. Each OPTA Share that is held by OPTA (as treasury stock or otherwise) or held by ACQUIROR or Acquisition Subsidiary or by any direct or indirect wholly-owned subsidiary of OPTA, ACQUIROR or Acquisition Subsidiary, shall automatically be canceled and retired and shall cease to exist, and no cash or other consideration shall be delivered in exchange therefor.
Cancellation of Stock. Each Xxxxx Share that is held by Xxxxx (as treasury stock or otherwise) or held by Acquiror or Acquisition Subsidiary or by any direct or indirect wholly-owned subsidiary of Xxxxx, Acquiror or Acquisition Subsidiary, shall automatically be canceled and retired and shall cease to exist, and no cash or other consideration shall be delivered in exchange therefor.
Cancellation of Stock. On the Effective Date, all of the outstanding shares of capital stock of Empire Bank, all of which shares shall be owned by Sterling, shall be canceled and shall not be deemed to be authorized, issued or outstanding for any purpose, and no cash, property, rights or securities shall be delivered with respect to said shares.
Cancellation of Stock. On and as of the Effective Date, the Common Stock, and each share of capital stock of each Debtor other than MobileMedia not owned, beneficially and of record, by MobileMedia or one of the other Debtors, shall be canceled and rendered null and void.
Cancellation of Stock. 17 2.4 Closing.......................................................... 17 2.5
Cancellation of Stock. Each share of Spinco Common Stock issued and outstanding immediately prior to the Effective Time, when converted in accordance with Section 2.2, shall no longer be outstanding and shall automatically be canceled and shall cease to exist. Each holder of shares of Heinz Common Stock as of the Heinz Record Date shall cease to have any rights with respect to such shares of Spinco Common Stock, except the right to receive a certificate representing the shares of Del Monte Common Stock to which such holder is entitled pursuant to Section 2.2, the amount of dividends or other distributions thereon with a record date after the Effective Time and a payment date prior to the delivery of such shares by the Exchange Agent and any cash in lieu of fractional shares of Del Monte Common Stock payable in accordance with Section 2.8(d), without interest.
Cancellation of Stock. Each EKCO Share that is held by EKCO (as treasury stock or otherwise) or held by ACQUIROR or Acquisition Subsidiary or by any direct or indirect wholly-owned subsidiary of ACQUIROR or Acquisition Subsidiary, shall automatically be cancelled and retired and shall cease to exist, and no cash or other consideration shall be delivered in exchange therefor.
