Common use of Cancellation of Treasury Securities Clause in Contracts

Cancellation of Treasury Securities. At the Effective Time, each share of Company Capital Stock held by the Company as treasury stock or otherwise immediately prior to the Effective Time shall automatically be cancelled and retired and no consideration or payment shall be delivered therefor or in respect thereof.

Appears in 5 contracts

Samples: Agreement and Plan of Reorganization, Agreement and Plan of Reorganization (Netratings Inc), Agreement and Plan of Reorganization (Netratings Inc)

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Cancellation of Treasury Securities. At the Effective Time, ----------------------------------- each share of Company Capital Stock held by the Company as treasury stock or otherwise immediately prior to the Effective Time shall automatically be cancelled and retired and no consideration or payment shall be delivered therefor or in respect thereof.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Netratings Inc)

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