CANCELLATION OF TREASURY SECURITIES AND PARENT-OWNED SECURITIES. All Target Shares that are owned by the Company as treasury securities, all Target Shares owned by any subsidiary of the Company, and any Target Shares owned by Parent, Merger Sub or any other wholly-owned subsidiary of Parent, shall be canceled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor; and
Appears in 6 contracts
Samples: Merger Agreement (Power 3 Medical Products Inc), Merger Agreement (IElement CORP), Merger Agreement (IElement CORP)
