Cancellation of Treasury and Parent Owned Stock. Each share of the Company Merger Stock (i) issued and held in the Company’s treasury or (ii) owned by Parent, Merger Sub or any other wholly owned Subsidiary of Parent or the Company shall, at the Effective Time and by virtue of the Merger, cease to be outstanding and shall be canceled and retired without payment of any consideration therefor, and no consideration shall be delivered in exchange therefor.
Appears in 4 contracts
Samples: Merger Agreement (Ceres Ventures, Inc.), Merger Agreement (12th Street Financial, LLC), Merger Agreement (Harborview Master Fund Lp)
