Common use of Cancellation of Target Stock Clause in Contracts

Cancellation of Target Stock. As a result of the Merger and without any action on the part of the Target REIT Stockholders, at the Effective Time all Target Stock in the Target REIT shall cease to be outstanding, shall be cancelled and retired and shall cease to exist and each Target REIT Stockholder shall thereafter cease to have any rights with respect to the Target Stock (other than with respect to any dissenting shares, and other than the right to receive such Target REIT Stockholder’s portion of the Merger Consideration (as defined below) without set-off or counterclaim).

Cancellation of Target Stock. As a result of After the Merger and without any action on the part conversion of the Target REIT StockholdersShares in accordance with Section 3.4, at the Effective Time all Target Stock in the Target REIT Shares shall cease to be outstanding, shall automatically be cancelled and retired and shall cease to exist or to be outstanding as Target Shares, and each holder of a Target REIT Stockholder Stock Certificate shall thereafter cease to have any rights with respect to the Target Stock (other than with respect to any dissenting sharesthereto, and other than except the right to receive such Target REIT Stockholder’s the applicable portion of the Merger Consideration (as defined belowwithout interest) without set-off or counterclaim)upon surrender of the Target Stock Certificate.

Cancellation of Target Stock. As a result of the Merger Mergers and without any action on the part of the Target REIT Stockholders, at the Effective Time all Target Stock in the each Target REIT with respect to which a Merger has become effective shall cease to be outstanding, shall be cancelled canceled and retired and shall cease to exist and each Target REIT Stockholder shall thereafter cease to have any rights with respect to the such Target Stock (other than with respect to any dissenting shares, and other than the right to receive such Target REIT Stockholder’s portion of the Merger Consideration (as defined below) without set-off or counterclaim).

Cancellation of Target Stock. As a result of the Merger Mergers and without any action on the part of the Target REIT Stockholders, at the Effective Time all Target Stock in the each Target REIT with respect to which a Merger has become effective shall cease to be outstanding, shall be cancelled canceled and retired and shall cease to exist and each Target REIT Stockholder shall thereafter cease to have any rights with respect to the Target Stock (other than with respect to any dissenting shares, and other than the right to receive such Target REIT Stockholder’s portion of the Merger Consideration (as defined below) without set-off or counterclaim)Stock.

Cancellation of Target Stock. As a result of the Merger Mergers and without any action on the part of the Target REIT Stockholders, at the Effective Time all Target Stock in the each Target REIT with respect to which a Merger has become effective shall cease to be outstanding, shall be cancelled and retired and shall cease to exist and each Target REIT Stockholder shall thereafter cease to have any rights with respect to the such Target Stock (other than with respect to any dissenting shares, and other than the right to receive such Target REIT Stockholder’s portion of the Merger Consideration (as defined below) without set-off or counterclaim).