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

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share of Company Stock that is owned by the Company as treasury stock or by any wholly-owned direct or indirect Subsidiary of the Company and each share of Company Stock that is owned by the Buyer, the Transitory Subsidiary or any other wholly-owned direct or indirect subsidiary of the 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. Each share At the Effective Time, and without any further action on the part of Buyer, Merger Sub or the Company, all shares of Company Stock that is are owned by the Company as treasury stock or by and any wholly-owned direct or indirect Subsidiary of the Company and each share shares of Company Stock that is owned by the Buyer, the Transitory Subsidiary Merger Sub or any other wholly-wholly owned direct or indirect subsidiary Subsidiary of the Buyer as of 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. Each 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 is owned by the Company as treasury stock or by any wholly-owned direct or indirect Subsidiary of the Company and each share of Company Stock that is owned by the Buyer, the Transitory any Merger Subsidiary or any other wholly-owned direct or indirect subsidiary of the 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. Each share of Company Stock All Shares that is owned are (i) held by the Company as treasury stock shares or by any wholly-owned direct or indirect Subsidiary of the Company and each share of Company Stock that is (ii) owned by the Buyer, the Transitory Subsidiary or any other wholly-owned direct or indirect subsidiary of the Buyer as of immediately prior to the Effective Time Time, shall be cancelled and retired and shall cease to exist exist, and no payment securities of Buyer or other consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share ---------------------------------------------------- of capital stock of the Company Stock that is held by the Company in its treasury or that is owned by the Company as treasury stock Buyer or by any wholly-owned direct or indirect Subsidiary of the Company and each share of Company Stock that is owned by the Buyer, the Transitory Subsidiary or any other wholly-owned direct or indirect subsidiary of the Buyer as of immediately prior to the Effective Time shall automatically be cancelled retired and shall cease to exist exist, and no payment or consideration Merger Consideration shall be delivered in exchange therefor.