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

Cancellation of Treasury Stock and Parent-Owned Stock. As of the Effective Time, by virtue of the Merger and without any action on the part of the holder of any shares of Company Common Stock or any shares of capital stock of Merger Sub, each share of Company Common Stock issued and held, immediately prior to the Effective Time, in the Company's treasury or by any of the Company's direct or indirect wholly owned subsidiaries, and each share of Company Common Stock that is owned by Parent, Merger Sub or any other subsidiary of Parent, shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Parent-Owned Stock. As of the Effective Time, by virtue of the Merger and without any action on the part of the holder of any shares of Company Common Stock or any shares of capital stock of Merger Sub, each share of Company Common Stock issued and held, held immediately prior to the Effective Time, Time in the Company's treasury or by any of the Company's direct or indirect wholly owned subsidiaries, subsidiaries and each share of Company Common Stock that is owned by Parent, Merger Sub or any other wholly-owned subsidiary of Parent, Parent shall automatically be canceled cancelled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Parent-Owned Stock. As of the Effective Time, by virtue of the Merger and without any action on the part of the holder of any shares of Company Common Stock or any shares of capital stock of Merger Sub, each share of Company Common Stock issued and held, immediately prior to the Effective Time, in the Company's treasury or by any of the Company's direct or indirect wholly wholly-owned subsidiaries, and each share of Company Common Stock that is owned by Parent, Merger Sub or any other direct or indirect wholly-owned subsidiary of Parent, shall will automatically be canceled cancelled and retired and shall will cease to exist, and no consideration shall will be delivered in exchange therefor.

Cancellation of Treasury Stock and Parent-Owned Stock. As of the Effective Time, by virtue of the Merger and without any action on the part of the holder of any shares of Company Common Stock or any shares of capital stock of Merger Sub, each share of Company Common Stock issued and held, immediately prior to the Effective Time, in the Company's treasury or by any of the Company's direct or indirect wholly owned subsidiaries, and each share of Company Common Stock that is owned by Parent, Merger Sub or any other direct or indirect wholly-owned subsidiary of Parent, shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Parent-Owned Stock. As of the Effective Time, by virtue of the Merger and without any action on the part of the holder of any shares of Company Common Stock or any shares of capital stock of Merger Sub, each share of Company Common Stock issued and held, held immediately prior to the Effective Time, Time in the Company's treasury or by any of the Company's direct or indirect wholly owned subsidiaries, subsidiaries and each share of Company Common Stock that is owned by Parent, Merger Sub or any other subsidiary of Parent, Parent shall automatically be canceled cancelled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Parent-Owned Stock. As of the Effective Time, by virtue of the Merger and without any action on the part of the holder of any shares of Company Common Stock or any shares of capital stock of Merger Sub, each share of Company Common Stock issued and held, immediately prior to the Effective Time, in the Company's treasury or by any of the Company's direct or indirect wholly owned subsidiaries, and each share of Company Common Stock that is owned by Parent, Merger Sub or any other subsidiary of Parent, shall automatically be canceled cancelled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Parent-Owned Stock. As of the Effective Time, by virtue of the Merger and without any action on the part of the holder of any shares of Company Common Stock or any shares of capital stock of Merger Sub, each share of Company Common Stock issued and held, held immediately prior to the Effective Time, Time in the Company's treasury or by any of the Company's direct or indirect wholly owned subsidiaries, subsidiaries and each share of Company Common Stock that is owned by Parent, Merger Sub or any other subsidiary of Parent, Parent shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Parent-Owned Stock. As of At the Effective Time, by virtue of the Merger and without any action on the part of the holder of Company, Parent, Merger Sub, any shares of Company Common Stock Stockholder or any shares of capital stock of Merger Subother Person, each share of Company Common Stock issued and held(i) owned by the Company or any of its Subsidiaries (or held in the Company’s treasury) immediately prior to the Effective Time, or (ii) owned by Parent or any of its Subsidiaries (including Merger Sub) immediately prior to the Effective Time, in the Company's treasury or by any of the Company's direct or indirect wholly owned subsidiaries, and each share of Company Common Stock that is owned by Parent, Merger Sub or any other subsidiary of Parentcase, shall automatically be canceled and retired cancelled and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock and Parent-Owned Stock. As of At the Effective Time, by virtue of the Merger and without any action on the part of the holder of any shares of Company Common Stock or any shares of capital stock of Merger Subthereof, each share of Company Common Stock issued and held, immediately prior to the Effective Time, in the Company's treasury or by any of the Company's direct or indirect wholly owned subsidiaries, and (i) each share of Company Common Stock that is owned held by Parent, Merger Sub the Company or any other subsidiary of Parent, its Subsidiaries shall automatically be canceled and retired and shall cease to exist, and no consideration shall be paid or delivered in exchange therefor, and (ii) each issued and outstanding share of Company Common Stock that is owned by Parent or Acquisition Sub shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and no consideration shall be paid or delivered in exchange therefor.

Cancellation of Treasury Stock and Parent-Owned Stock. As of At the Effective Time, by virtue of the Merger and without any action on the part of the holder of any shares of Company Common Stock or any shares of capital stock of Merger Sub, each share of Company Common Stock issued and held, immediately prior to the Effective Time, in the Company's treasury or by any of the Company's direct or indirect wholly owned subsidiaries, and each share of Company Common Stock that is owned by Parent, the Company as treasury stock or that is owned by Parent or Merger Sub or by any other subsidiary wholly owned Subsidiary of Parentthe Company, Parent or Merger Sub (collectively, the “Canceled Shares”) shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered or deliverable in exchange therefor.