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

Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares that are owned by the Company or any wholly-owned subsidiary of the Company and any Shares owned by the Parent or any wholly-owned subsidiary of the Parent shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 5 contracts

Samples: Merger Agreement (Advanced Environmental Systems Inc), Merger Agreement (Extendicare Inc /Can/), Merger Agreement (Arbor Health Care Co /De/)

AutoNDA by SimpleDocs

Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares that are owned by the Company or any wholly-owned subsidiary Subsidiary of the Company and any Shares owned by the Parent, Purchaser or any Subsidiary of Parent or any wholly-owned subsidiary of the Parent Purchaser shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 5 contracts

Samples: Tender Offer Statement, Merger Agreement (Bosch Security Systems Corp), Merger Agreement (Galoob Toys Inc)

Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares that are owned by the Company or any wholly-owned subsidiary Subsidiary of the Company and any Shares owned by Parent, the Purchaser or any Subsidiary of Parent or any wholly-owned subsidiary of the Parent Purchaser shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 4 contracts

Samples: Merger Agreement (Sunbeam Corp/Fl/), Merger Agreement (First Alert Inc), Merger Agreement (Sunbeam Corp/Fl/)

Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares that are owned by the Company or any wholly-owned subsidiary of the Company as treasury stock and any Shares owned by the Parent Purchaser or any wholly-owned subsidiary Subsidiary of the Parent Purchaser shall be cancelled and retired and shall cease to exist exist, and no consideration shall be delivered in exchange therefor.

Appears in 3 contracts

Samples: Merger Agreement (Point 360), Merger Agreement (DG FastChannel, Inc), Merger Agreement (New 360)

Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares shares of Company Common Stock that are owned by the Company or Company, any wholly-owned subsidiary Subsidiary of the Company and any Shares owned by the Company, Parent or any wholly-owned subsidiary Subsidiary of Parent immediately prior to the Parent Effective Time shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 3 contracts

Samples: Merger Agreement (Puerto Rican Cement Co Inc), Merger Agreement (Cemex Sa De Cv), Merger Agreement (Cemex Sa De Cv)

AutoNDA by SimpleDocs

Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares Each share of Common Stock that are is owned by the Company or any wholly-owned subsidiary of the Company and any Shares owned by the Parent or any wholly-owned subsidiary of the Parent Purchaser shall automatically be cancelled canceled and retired and shall cease to exist exist, and no consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Bailey Lee Ann), Stock Purchase Agreement (Sixx Holdings Inc)

Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares that are owned by Each Share which immediately prior to the Effective Time is held in the treasury of the Company or owned by Purchaser, Merger Sub or any wholly-owned other subsidiary of the Company and any Shares owned by the Parent or any wholly-owned subsidiary of the Parent Purchaser shall automatically be cancelled canceled and retired and shall cease to exist exist, and no consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Merger Agreement (Lyondell Petrochemical Co), Merger Agreement (Lyondell Petrochemical Co)

Cancellation of Treasury Stock and Purchaser-Owned Stock. All Shares that are owned by the Company or any wholly-owned subsidiary Subsidiary of the Company and any Shares owned by the Parent, Purchaser or any Subsidiary of Parent or any wholly-owned subsidiary of the Parent shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.Purchaser

Appears in 1 contract

Samples: Merger Agreement (Hasbro Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!