Cancellation of Treasury Shares and Parent and Merger Sub Owned Shares. Each Company Share held by the Company (as treasury stock or otherwise), Parent or Merger Sub or any of their respective direct or indirect wholly-owned Subsidiaries, in each case, immediately prior to the Effective Time, shall automatically be cancelled and retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefor or in respect thereof.
Appears in 5 contracts
Samples: Agreement and Plan of Merger (American Railcar Industries, Inc.), Agreement and Plan of Merger (Icahn Enterprises Holdings L.P.), Agreement and Plan of Merger (Gaming & Leisure Properties, Inc.)
Cancellation of Treasury Shares and Parent and Merger Sub Owned Shares. Each Company Treasury Share and each Share held by the Company (as treasury stock Parent, Merger Sub or otherwise), any Subsidiary of Parent or Merger Sub or any of their respective direct or indirect wholly-owned Subsidiaries, in each case, immediately prior to the Effective Time, Time shall automatically be cancelled and retired canceled and shall cease to exist, exist and no consideration or payment shall be delivered or deliverable in exchange therefor or in respect thereoftherefor.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Conexant Systems Inc), Agreement and Plan of Merger (Conexant Systems Inc), Agreement and Plan of Merger (Standard Microsystems Corp)
