Common use of Cancellation of Treasury and Parent-Owned Shares Clause in Contracts

Cancellation of Treasury and Parent-Owned Shares. Each Share held by the Company or owned by Merger Sub, Parent or any direct or indirect wholly-owned subsidiary of the Company or of Parent immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 7 contracts

Samples: Merger Agreement (Sybase Inc), Merger Agreement (Extended Systems Inc), Merger Agreement (Electronic Clearing House Inc)

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Cancellation of Treasury and Parent-Owned Shares. Each Share All Company Common Stock held by the Company or owned by Merger Sub, Parent or any direct or indirect wholly-owned subsidiary of the Company or of Parent immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 5 contracts

Samples: Merger Agreement (Tippingpoint Technologies Inc), Merger Agreement (Kimball International Inc), Merger Agreement (Tanox Inc)

Cancellation of Treasury and Parent-Owned Shares. Each Company Ordinary Share held by the Company or owned by Merger SubParent, Parent or any direct or indirect wholly-wholly owned subsidiary Subsidiary of the Company or of Parent Parent, immediately prior to the Effective Time shall be canceled and extinguished cancelled without any conversion thereof.

Appears in 3 contracts

Samples: Merger Agreement (Harmonic Inc), Merger Agreement (Scopus Video Networks Ltd.), Merger Agreement (Scopus Video Networks Ltd.)

Cancellation of Treasury and Parent-Owned Shares. Each Share share of Company Common Stock held by the Company or owned by Merger Sub, Parent or any direct or indirect wholly-wholly owned subsidiary Subsidiary of any of the Company or of Parent foregoing immediately prior to the Effective Time Closing shall be canceled and extinguished without any conversion or payment in respect thereof.

Appears in 2 contracts

Samples: Merger Agreement (Fifth Wall Acquisition Corp. I), Merger Agreement (Motion Acquisition Corp.)

Cancellation of Treasury and Parent-Owned Shares. Each Share All Company Common Stock held by the Company or owned by Merger Sub, Parent Parent, or any direct or indirect wholly-owned subsidiary of the Company or of Parent immediately prior to the Effective Time Date shall be canceled and extinguished without any conversion thereof.

Appears in 2 contracts

Samples: Merger Agreement (Becoming Art Inc), Merger Agreement (Becoming Art Inc)

Cancellation of Treasury and Parent-Owned Shares. Each Share held by the Company or owned by Company, Parent, Merger Sub, Parent Sub or any direct or indirect wholly-owned subsidiary of the Company or of Parent immediately prior to the Effective Time (including the Rollover Shares) shall be canceled and extinguished without any conversion thereofthereof or payment therefor.

Appears in 1 contract

Samples: Merger Agreement (Tarrant Apparel Group)

Cancellation of Treasury and Parent-Owned Shares. Each Share share of Company Capital Stock held by the Company or owned by Merger Sub, Parent or any direct or indirect wholly-owned subsidiary Subsidiary of the Company or of Parent immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 1 contract

Samples: Merger Agreement (Sybase Inc)

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Cancellation of Treasury and Parent-Owned Shares. Each Company Ordinary Share held by the Company Parent or owned by Merger Sub, Parent the Company or any direct or indirect wholly-wholly owned subsidiary of Parent or the Company or of Parent immediately prior to the Effective Time shall be canceled and extinguished without any conversion or payment in respect thereof.

Appears in 1 contract

Samples: Merger Agreement (Andina Acquisition Corp)

Cancellation of Treasury and Parent-Owned Shares. Each Share held share of Company Common Stock owned by Parent, Holdco, the Company or owned by Merger Sub, Parent or any direct or indirect wholly-wholly owned subsidiary Subsidiary of Parent or the Company or of Parent immediately prior to the Transaction Effective Time shall be canceled cancelled and extinguished without any conversion or payment in respect thereof.

Appears in 1 contract

Samples: Merger Agreement (Andina Acquisition Corp. II)

Cancellation of Treasury and Parent-Owned Shares. Each Share Notwithstanding the provisions of Section 2.5(a) above, each share of Company Capital Stock held by the Company or owned by Merger Sub, Parent or any direct or indirect wholly-owned subsidiary Subsidiary of the Company or of Parent immediately prior to the Effective Time shall be canceled cancelled and extinguished without any conversion thereofthereof and without any additional consideration therefor.

Appears in 1 contract

Samples: Merger Agreement (Aspect Software Group Holdings Ltd.)

Cancellation of Treasury and Parent-Owned Shares. Each Company Share held by the Company or owned by Merger Sub, Parent or any direct or indirect wholly-owned subsidiary Subsidiary of the Company or of Parent immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 1 contract

Samples: Merger Agreement (Zebra Technologies Corp/De)

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