Common use of Cancellation of Treasury Stock and Buyer-Owned Stock Clause in Contracts

Cancellation of Treasury Stock and Buyer-Owned Stock. All shares of capital stock of the Company that are owned by the Company as treasury stock and any shares of the capital stock of the Company owned by Buyer, Merger Sub or any other wholly owned Subsidiary (as defined in Section 3.1(a) below) of the Company or Buyer immediately prior to the Effective Time shall be cancelled and shall cease to exist and no consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. All shares Each share of capital stock of the Company Stock that are is owned by the Company as treasury stock and any shares each share of the capital stock of the Company Stock that is owned by the Buyer, Merger Sub the Transitory Subsidiary or any other wholly owned Subsidiary (as defined in Section 3.1(a) below) of the Company or Buyer as of immediately prior to the Effective Time shall be cancelled and shall cease to exist and no payment or consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. All shares of capital stock of At the Effective Time, all Company Shares that are owned by the Company as treasury stock and any shares of the capital stock of the Company Shares owned by the Buyer, Merger Sub the Transitory Subsidiary or any other wholly owned Subsidiary (as defined in Section 3.1(a) below) subsidiary of the Company or Buyer immediately prior to the Effective Time shall shall, by virtue of the Merger, be cancelled and shall cease to exist and no payment or consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. All shares Each share of capital stock of the Company Stock that are is owned by the Company as treasury stock and or by any shares of the capital stock wholly-owned direct or indirect Subsidiary of the Company and each share of Company Stock that is owned by the Buyer, Merger Sub the Transitory Subsidiary or any other wholly wholly-owned Subsidiary (as defined in Section 3.1(a) below) direct or indirect subsidiary of the Company or Buyer as of immediately prior to the Effective Time shall be cancelled and shall cease to exist and no payment or consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. All At the Effective Time, and without any further action on the part of Buyer, Merger Sub or the Company, all shares of capital stock of the Company Stock that are owned by the Company as treasury stock and any shares of the capital stock of the Company Stock owned by Buyer, Merger Sub or any other wholly owned Subsidiary (as defined in Section 3.1(a) below) of the Company or Buyer immediately prior to the Effective Time shall shall, by virtue of the Merger, be cancelled and shall cease to exist and no payment or consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. All shares Each share ---------------------------------------------------- of capital stock of the Company that are owned is held by the Company as in its treasury stock and any shares of the capital stock of the Company or that is owned by Buyer, Merger Sub Buyer or any other wholly owned Subsidiary (as defined in Section 3.1(a) below) of the Company or Buyer immediately prior to the Effective Time shall automatically be cancelled retired and shall cease to exist exist, and no consideration Merger Consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. All shares Any share of capital stock of the Company Stock that are is owned by the Company as treasury stock and any shares share of the capital stock of the Company Stock that is owned by the Buyer, Merger Sub the Transitory Subsidiary or any other wholly wholly-owned Subsidiary (as defined in Section 3.1(a) below) direct or indirect subsidiary of the Company or Buyer as of immediately prior to the Effective Time shall be automatically cancelled and shall cease to exist and no payment or consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. All shares of capital stock At the Effective Time, by virtue of the First Merger and without any action on the part of the Buyer, the Company, any holder of Company Stock or any other Person, each share of Company Stock that are is owned by the Company as treasury stock and any shares each share of the capital stock of the Company Stock that is owned by the Buyer, any Merger Sub Subsidiary or any other wholly wholly-owned Subsidiary (as defined in Section 3.1(a) below) direct or indirect subsidiary of the Company or Buyer as of immediately prior to the Effective Time shall be cancelled and shall cease to exist and no payment or consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. All shares of capital stock of the Company Shares that are owned (i) held by the Company as treasury stock and any shares of the capital stock of the Company or (ii) owned by Buyer, Merger Sub or any other wholly owned Subsidiary (as defined in Section 3.1(a) below) of the Company or Buyer immediately prior to the Effective Time Time, shall be cancelled and retired and shall cease to exist exist, and no securities of Buyer or other consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. All shares Each share of capital stock of the Company Stock that are is owned by the Company as treasury stock and any shares each share of the capital stock of the Company Stock that is owned by the Buyer, the Merger Sub or any other wholly wholly-owned Subsidiary (as defined in Section 3.1(a) below) direct or indirect subsidiary of the Company or Buyer as of immediately prior to the Effective Time shall be cancelled and shall cease to exist and no payment or consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. All At the Effective Time, all shares of capital stock of the Company Stock that are owned by the Company as treasury stock and any shares of the capital stock of the Company Stock owned by the Buyer, Merger Sub the Transitory Subsidiary or any other wholly owned Subsidiary (as defined in Section 3.1(a) below) of the Company or Buyer immediately prior to the Effective Time shall shall, by virtue of the Merger, be cancelled and shall cease to exist and no payment or consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. All shares of capital stock of the Company that are owned by the Company as treasury stock and any shares of the capital stock of the Company owned by Buyer, Merger Sub or any other wholly owned Subsidiary (as defined in Section 3.1(a) below) of the Company or Buyer immediately prior to before the Effective Time shall be cancelled and shall cease to exist and no consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. All shares Each share of capital stock of the Company Stock that are is owned by the Company as treasury stock and any shares each share of the capital stock of the Company Stock that is owned by the Buyer, Merger Sub the Transitory Subsidiary or any other wholly wholly-owned Subsidiary (as defined in Section 3.1(a) below) direct or indirect subsidiary of the Company or Buyer as of immediately prior to the Effective Time shall be cancelled and shall cease to exist and no payment or consideration shall be delivered in exchange therefor.