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

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share held in the treasury of the Company or owned by any direct or indirect wholly owned Company Subsidiary and each Share owned by Merger Sub, Parent or any direct or indirect wholly owned Subsidiary of Parent immediately prior to the Effective Time shall automatically be canceled without any conversion thereof and no payment or distribution shall be made with respect thereto.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share held in the treasury of by the Company as treasury stock or owned held directly by any direct Parent or indirect wholly owned Company Subsidiary and each Share owned by Merger Sub, Parent Sub (or any direct or indirect wholly wholly-owned Subsidiary subsidiaries of the Company, Parent or Merger Sub), in each case, immediately prior to the Effective Time Time, shall automatically be canceled without any conversion thereof cancelled and shall cease to exist, and no consideration or payment or distribution shall be made with delivered in exchange therefor or in respect theretothereof.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share held in the treasury of (i) by the Company or owned as treasury stock, (ii) by any direct or indirect wholly owned Company Subsidiary and each Share owned by Merger Sub, Parent or any direct or indirect wholly owned Subsidiary of the Company, or (iii) directly by Parent or Merger Sub (or any direct or indirect wholly owned subsidiaries of Merger Sub), in each case, immediately prior to the Effective Time Time, shall automatically be canceled without any conversion thereof cancelled and shall cease to exist, and no consideration or payment or distribution shall be made with delivered in exchange therefor or in respect theretothereof.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share and Preferred Share that is held in the treasury of by the Company as treasury stock or that is owned by any direct or indirect wholly owned Company Subsidiary and each Share owned by Merger Sub, Parent or any direct of its or indirect wholly the Company’s respective wholly-owned Subsidiary of Parent Subsidiaries immediately prior to the Effective Time shall automatically be canceled without any conversion thereof and shall cease to exist, and no payment or distribution consideration shall be made with respect theretodelivered or deliverable in exchange therefor.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share held in the treasury of by the Company as treasury stock or owned held directly by any direct Parent or indirect wholly owned Company Subsidiary and each Share owned by Merger Sub, Parent Sub (or any direct or indirect wholly owned Subsidiary Subsidiaries of Parent or Merger Sub), in each case, immediately prior to the Effective Time Time, shall automatically be canceled without any conversion thereof cancelled and shall cease to exist, and no consideration or payment or distribution shall be made with delivered in exchange therefor or in respect theretothereof.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share held in the treasury of the Company or owned by any direct or indirect wholly owned Company Subsidiary and each Share owned by Merger SubPurchaser, Parent or any direct or indirect wholly owned Subsidiary of Parent immediately prior to the Effective Time shall automatically be canceled without any conversion thereof and no payment or distribution shall be made with respect thereto.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share held in the treasury of by the Company as treasury stock or owned held directly by any direct or indirect wholly owned Company Subsidiary and each Share owned by Merger SubParent Group Member, Parent or Merger Sub (or any direct or indirect wholly owned Subsidiary subsidiaries of the Company, Parent Group Member, Parent or Merger Sub), in each case, immediately prior to the Effective Time Time, shall automatically be canceled without any conversion thereof cancelled and shall cease to exist, and no consideration or payment or distribution shall be made with delivered in exchange therefor or in respect theretothereof.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share held in the treasury of the Company or owned by any direct or indirect wholly owned Company Subsidiary and each Share owned by Merger Sub, Parent or any direct or indirect wholly owned Subsidiary of Parent immediately prior to the Effective Time shall automatically be canceled without any conversion thereof and no payment or distribution shall be made with respect theretoconsideration.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share held in the treasury of the Company or owned by any direct or indirect wholly owned Company Subsidiary issued and each Share owned by Merger Sub, Parent or any direct or indirect wholly owned Subsidiary of Parent outstanding immediately prior to the Effective Time that is owned by the Company or any Subsidiary of the Company or by Parent, Purchaser or any other Subsidiary of Parent (other than shares in trust accounts, managed accounts, custodial accounts and the like that are beneficially owned by third parties) shall automatically be canceled without any conversion thereof and no payment or distribution shall be made with respect thereto.be

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share held in the treasury of the Company or owned by any direct or indirect wholly owned Company Subsidiary issued and each Share owned by Merger Sub, Parent or any direct or indirect wholly owned Subsidiary of Parent outstanding immediately prior to the Effective Time that is owned by the Company or by Parent, Purchaser or any other subsidiary of Parent shall automatically be canceled without any conversion thereof and shall cease to exist, and no payment cash or distribution other consideration shall be made with respect theretodelivered or deliverable in exchange therefor.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share held in the treasury of the Company or and each Share owned by Parent, Purchaser or any other direct or indirect wholly owned Company Subsidiary and each Share owned by Merger Sub, Parent or any direct or indirect wholly owned Subsidiary subsidiary of Parent immediately prior to before the Effective Time shall (other than shares in trust accounts, managed accounts, custodial accounts and the like that are beneficially owned by third parties) will be automatically be canceled without any conversion thereof and retired and will cease to exist and no payment or distribution shall other consideration will be made with respect thereto.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share held in that is owned by the treasury Company or by any subsidiary of the Company or owned by any direct or indirect wholly owned Company Subsidiary and each Share that is owned by Merger SubParent, Parent Sub or any direct or indirect wholly owned Subsidiary other subsidiary of Parent immediately prior to (together, in each case, with the Effective Time associated Right) shall automatically be canceled without any conversion thereof and retired and shall cease to exist, and no payment or distribution consideration shall be made with respect theretodelivered in exchange therefor.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share that is held in the treasury of by the Company as treasury stock or that is owned by any direct or indirect wholly owned Company Subsidiary and each Share owned by Merger Sub, Parent or any direct of its or indirect wholly the Company’s respective wholly-owned Subsidiary of Parent Subsidiaries (as defined in Section 9.11) immediately prior to the Effective Time shall automatically be canceled without any conversion thereof and shall cease to exist, and no payment or distribution consideration shall be made with respect theretodelivered or deliverable in exchange therefor.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share held in the treasury of the Company or owned by any direct or indirect wholly wholly-owned Company Subsidiary and each Share owned by Merger Sub, Parent or any direct or indirect wholly wholly-owned Subsidiary of Parent immediately prior to the Effective Time shall automatically be canceled cancelled without any conversion thereof and no payment or distribution shall be made with respect thereto.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share held in the treasury of All Company Shares that are owned directly or indirectly by the Company or as treasury stock and any Company Shares owned by Parent, Sub or any direct or indirect other wholly owned Company Subsidiary and each Share owned by Merger Sub, Parent or any direct or indirect wholly owned Subsidiary subsidiary of Parent immediately prior to the Effective Time shall automatically be canceled without any conversion thereof canceled, and no payment or distribution consideration shall be made with respect theretodelivered in exchange therefor.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Company Share held in the treasury of by the Company as treasury stock or owned held directly by any direct Parent or indirect wholly owned Company Subsidiary and each Share owned by Merger Sub, Parent or any direct or indirect wholly owned Subsidiary of Parent in each case, immediately prior to the Effective Time Time, shall automatically be canceled without any conversion thereof cancelled and retired and shall cease to exist, and no consideration or payment or distribution shall be made with delivered in exchange therefor or in respect theretothereof.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share share of Company Common Stock (each a “Share” and collectively, the “Shares”) held in the treasury of the Company or owned by any direct or indirect wholly owned Subsidiary of the Company Subsidiary (each a “Company Subsidiary”) and each Share owned by Merger Sub, Parent or any direct or indirect wholly owned Subsidiary of Parent immediately prior to the Effective Time shall automatically be canceled without any conversion thereof and no payment or distribution shall be made with respect thereto.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share held in the treasury of by the Company as treasury stock or owned held directly by any direct Parent or indirect wholly owned Company Subsidiary and each Share owned by Merger Sub, Parent Sub (or any direct or indirect wholly wholly-owned Subsidiary subsidiaries of the Company, Parent or Merger Sub), in each case, immediately prior to the Effective Time Time, shall automatically be canceled without any conversion thereof cancelled and retired and shall cease to exist, and no consideration or payment or distribution shall be made with delivered in exchange therefor or in respect theretothereof.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share held in the treasury of the Company or owned by any direct or indirect wholly owned Company Subsidiary and each Share owned by Merger Sub, Parent or any direct or indirect wholly owned Subsidiary of Parent immediately prior to the Effective Time shall automatically be canceled without any conversion thereof and no payment or distribution shall be made with respect thereto.

Cancellation of Treasury Shares and Parent-Owned Shares. Each Share held in All Shares that are owned directly or indirectly by the Company as treasury stock or by any wholly owned subsidiary of the Company or and any Shares owned by Parent, Sub or any direct or indirect other wholly owned Company Subsidiary and each Share owned by Merger Sub, Parent or any direct or indirect wholly owned Subsidiary subsidiary of Parent immediately prior to the Effective Time shall automatically be canceled without any conversion thereof canceled, and no payment or distribution consideration shall be made with respect theretodelivered in exchange therefor.