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

Cancellation of Treasury Stock and Stock Owned by Parent and Subsidiaries. All shares of common stock, without par value, of the Company ("Company Common Stock"), together with the associated Company Rights, that are owned by the Company as treasury stock and any shares of Company Common Stock, together with the associated Company Rights owned by Parent, Sub or any other wholly-owned Subsidiary of Parent shall be canceled and retired and shall cease to exist and no stock of Parent or other consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Merger Agreement (HFS Inc), Merger Agreement (PHH Corp)

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Cancellation of Treasury Stock and Stock Owned by Parent and Subsidiaries. All shares of common stock, without par valuevalue $0.001 per share, of the Company ("Company Common Stock"), together with the associated Company Rights, ) that are owned by the Company as treasury stock and any shares of Company Common Stock, together with the associated Company Rights Stock owned by any Subsidiary of the Company, Parent, Sub Newco or any other wholly-owned Subsidiary of Parent shall be canceled and retired and shall cease to exist and no stock of Parent or other consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Merger Agreement (Tivoli Industries Inc), Merger Agreement (Targetti Sankey Spa)

Cancellation of Treasury Stock and Stock Owned by Parent and Subsidiaries. All shares of common stock, without par value, of the Company ("Company Common Stock"), together with the associated Company Rights, that are owned by the Company as treasury stock and any shares of Company Common Stock, together with the associated Company Rights Rights, owned by Parent, Sub or any other wholly-owned Subsidiary of Parent shall be canceled and retired and shall cease to exist and no stock of Parent or other consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Merger Agreement (Food Lion Inc), Merger Agreement (Kash N Karry Food Stores Inc)

Cancellation of Treasury Stock and Stock Owned by Parent and Subsidiaries. All shares of common stock, without no par value, of the Company ("Company Common Stock"), together with the associated Company Rights, ) that are owned by the Company as treasury stock and any shares of Company Common Stock, together with the associated Company Rights Stock owned by Parent, Sub or any other wholly-owned Subsidiary (as defined in Section 9.11) of Parent shall be canceled and retired and shall cease to exist and no stock of Parent or other consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (TNP Enterprises Inc)

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Cancellation of Treasury Stock and Stock Owned by Parent and Subsidiaries. All shares of common stock, without no par value, of the Company ("Company Common Stock"), together with the associated Company Rights, ) that are owned by the Company as treasury stock and any shares of Company Common Stock, together with the associated Company Rights owned by Parent, Sub or any other wholly-owned Subsidiary of Parent shall be canceled and retired and shall cease to exist and no stock of Parent or other consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (Aris Industries Inc)

Cancellation of Treasury Stock and Stock Owned by Parent and Subsidiaries. All shares of common stock, without par valuevalue $.001 per share, of the Company ("β€œCompany Common Stock"), together with the associated Company Rights, ”) that are owned by the Company as treasury stock and any shares of Company Common Stock, together with the associated Company Rights Stock owned by Parent, Sub or any other wholly-owned Subsidiary (as hereinafter defined) of Parent shall be canceled and retired and shall cease to exist and no stock of Parent or other consideration shall be delivered in exchange therefor.. As used in this

Appears in 1 contract

Samples: Merger Agreement (Cascade Technologies Corp)

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