Common use of Cancellation of Treasury Stock Clause in Contracts

Cancellation of Treasury Stock. Each share of Company Common Stock and Company Class B Stock issued and outstanding immediately prior to the Effective Time that is owned by the Company, Partners, Partners GP, MergerCo or any of their respective Subsidiaries, if any, shall no longer be outstanding and shall automatically be cancelled and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock. Each share of Company Common Stock and Company Class B Stock issued and outstanding held immediately prior to the Effective Time that is owned by the Company, Partners, Partners GP, MergerCo Company as treasury stock or held by Buyer or any of their respective Subsidiaries, if any, its Subsidiaries shall no longer be outstanding and shall automatically be cancelled and shall cease to exist, and no cash or other consideration shall be delivered in exchange thereforpaid or payable with respect thereto.

Cancellation of Treasury Stock. Each share of Company Common Stock and Company Class B Stock issued and outstanding share of Capital Common Stock that is owned, immediately prior to the Effective Time that is owned Time, by the Company, Partners, Partners GP, MergerCo Capital (or any direct or indirect Subsidiary (as hereinafter defined) of their respective Subsidiaries, if anyCapital) as treasury stock, shall no longer be outstanding automatically canceled and shall automatically be cancelled and shall cease to existexist without any conversion thereof, and no consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock. Each At the Effective Time, each share of common stock or other equity interest of the Company Common Stock and Company Class B Stock issued and outstanding or the Merger Subsidiary held by the Company, MAQ, the Merger Subsidiary or any of their respective Subsidiaries immediately prior to the Effective Time that is owned by the Company, Partners, Partners GP, MergerCo or any of their respective Subsidiaries, if any, shall no longer be outstanding and shall automatically be cancelled and shall cease to exist, and no consideration shall be delivered canceled and extinguished without any conversion or payment in exchange thereforrespect thereof.

Cancellation of Treasury Stock. Each share of Company Common Stock and Company Class B Stock issued and outstanding immediately prior to the Effective Time that is owned by the Company, Partners, Partners GP, MergerCo Company or any of their respective Subsidiaries, if any, its Subsidiaries and each share of Company Common Stock issued and outstanding immediately prior to the Effective Time that is owned by Bank or any of its Subsidiaries (including Merger Sub) shall no longer be outstanding and shall automatically be cancelled canceled and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock. Each share share, if any, of Company Common Stock and or Company Class B Preferred Stock issued and outstanding immediately prior to the Effective Time that is owned by the Company, Partners, Partners GP, MergerCo or any of their respective Subsidiaries, if any, shall no longer be outstanding and Company shall automatically be cancelled and shall cease to exist, and no consideration shall be delivered or deliverable in exchange therefor.

Cancellation of Treasury Stock. Each At the Effective Time, automatically and by virtue of the Merger and without further action on the part of Parent or Merger Sub, each share of Company Common Stock and Company Class B Stock issued and outstanding held immediately prior to the Effective Time that is owned by the in Company, Partners, Partners GP, MergerCo or any of their respective Subsidiaries, if any, shall no longer be outstanding and shall ’s treasury will automatically be cancelled and shall retired and will cease to exist, and no consideration shall will be delivered in exchange therefor.

Cancellation of Treasury Stock. Each share of Company Common Stock and or Company Class B Common Stock issued held by the Company as treasury stock, and outstanding each share of Company Common Stock or Company Class B Common Stock held by any direct or indirect subsidiary of the Company (a "Company Subsidiary") immediately prior to the Effective Time that is owned by the Company, Partners, Partners GP, MergerCo or any of their respective Subsidiaries, if any, shall no longer be outstanding and shall automatically be cancelled and shall cease to exist, exist without any conversion thereof and no consideration shall be delivered in exchange thereforpaid with respect thereto.

Cancellation of Treasury Stock. Each share of Company Common Stock and Company Class B Stock issued and outstanding held immediately prior to the Effective Time that is owned by the Company, Partners, Partners GP, MergerCo Company as treasury stock or held by Buyer or any of their respective Subsidiaries, if any, its Subsidiaries shall no longer be outstanding and shall automatically be cancelled and shall cease to exist, and no cash or other consideration shall be delivered in exchange thereforpaid with respect thereto.

Cancellation of Treasury Stock. Each share of common stock, par value $0.01 per share, of the Company (each a “Company Common Share” and collectively, the “Company Common Stock”) and each share of Company Preferred Stock and (as defined in Section 3.03) held by the Company Class B Stock issued and outstanding as treasury stock or owned by Parent or any of its Subsidiaries (including as part of an IDS unit) immediately prior to the Effective Time that is owned by the Company, Partners, Partners GP, MergerCo or any of their respective Subsidiaries, if any, shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist, exist and no consideration payment shall be delivered in exchange thereformade with respect thereto.

Cancellation of Treasury Stock. Each At the Effective Time, by virtue of the Merger and without any action on the part of the holder of any shares of Company Stock or any shares of capital stock of the Transitory Subsidiary, each share of Company Common Stock and Company Class B Stock Stock, if any, issued and outstanding held, immediately prior to the Effective Time that is owned by Time, in the Company's treasury, Partners, Partners GP, MergerCo or any of their respective Subsidiaries, if any, shall no longer be outstanding and shall automatically be cancelled canceled and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock. Each At the Effective Time, each share of Company Holdings Common Stock and Company Class B Stock issued and outstanding owned by Holdings or any direct or indirect wholly owned subsidiary of Holdings immediately prior to the Effective Time that is owned by the Company, Partners, Partners GP, MergerCo or any of their respective Subsidiaries, if any, shall no longer be outstanding and shall automatically be cancelled and shall cease to exist, and no consideration shall be delivered canceled and extinguished without any conversion or payment in exchange thereforrespect thereof.

Cancellation of Treasury Stock. Each share of Company Common Stock and Company Class B Stock issued and outstanding held immediately prior to the Effective Time that is owned by the Company, Partners, Partners GP, MergerCo or any of their respective SubsidiariesCompany as treasury stock, if any, shall no longer be outstanding and shall automatically be cancelled and shall cease to exist, canceled and no consideration payment shall be delivered in exchange thereformade with respect thereto.

Cancellation of Treasury Stock. Each share of Company Common Stock and Company Class B Preferred Stock issued and outstanding immediately prior to the Effective Time that is owned by the Company, Partners, Partners GP, MergerCo Company (as treasury stock or any of their respective Subsidiaries, if any, shall no longer be outstanding and otherwise) shall automatically be cancelled and retired and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor.