Common use of Cancellation of Treasury Shares and Parent-Owned Securities Clause in Contracts

Cancellation of Treasury Shares and Parent-Owned Securities. Each Common Share owned by the Company or any of its wholly-owned Subsidiaries or by Parent or any of its wholly-owned 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 paid for those Excluded Shares.

Cancellation of Treasury Shares and Parent-Owned Securities. Each 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 Share”), owned by the Company or any of its wholly-wholly owned Subsidiaries or by Parent Parent, Acquisition Sub or any other wholly owned Subsidiary of its wholly-owned Subsidiaries 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 paid for those delivered in respect of the Excluded Shares.