Cancellation of Treasury Shares and Parent-Owned Securities. Notwithstanding anything in this Agreement to the contrary, each common share of the Company, par value $0.01 per share (each, a “Company Common Share”), owned by the Company or any of its wholly owned Subsidiaries or by Parent, Acquisition Sub or any other wholly owned Subsidiary of Parent immediately prior to the Effective Time (collectively, the “Excluded Shares”) shall be canceled automatically and shall cease to exist, and no consideration shall be delivered in respect of the Excluded Shares.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Renaissancere Holdings LTD), Agreement and Plan of Merger (Platinum Underwriters Holdings LTD)
Cancellation of Treasury Shares and Parent-Owned Securities. Notwithstanding anything in this Agreement to the contrary, each common share of the Company, par value $0.01 per share (each, a “Company Each Common Share”), Share owned by the Company or any of its wholly wholly-owned Subsidiaries or by Parent, Acquisition Sub Parent or any other wholly of its wholly-owned Subsidiary of Parent Subsidiaries immediately prior to the Effective Time (collectively, the “Excluded Shares”) shall be canceled automatically and shall cease to exist, and no consideration shall be delivered in respect of the paid for those Excluded Shares.
Appears in 2 contracts
Samples: Agreement and Plan of Amalgamation, Agreement and Plan of Amalgamation (SeaCube Container Leasing Ltd.)
