Common use of Cancellation of Treasury Stock Clause in Contracts

Cancellation of Treasury Stock. Each Company Share held in the treasury of the Company or owned by any direct or indirect wholly owned Subsidiary of the Company immediately prior to the Effective Time, if any, shall be canceled and retired without any conversion or consideration paid in respect thereof and shall cease to exist.

Cancellation of Treasury Stock. Each Company Share held in the Company's treasury or by any of the Company Company's subsidiaries, Parent or owned by any direct or indirect wholly owned Subsidiary of the Company immediately prior to the Effective Time, if any, Parent's subsidiaries shall automatically be canceled cancelled and retired without any conversion or consideration paid in respect thereof and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Cancellation of Treasury Stock. Each Any Company Share Shares held in the Company’s treasury of the Company or owned by any direct or indirect wholly owned Subsidiary of the Company immediately prior to the Effective Time, if any, Time shall be canceled cancelled and retired without payment of any conversion or consideration paid in respect thereof and shall cease to existtherefor.

Cancellation of Treasury Stock. Each At the Effective Time, each Company Share held in the treasury of the Company or owned by any direct or indirect wholly owned Subsidiary of the Company immediately prior to the Effective Time, if any, Time shall be canceled and retired extinguished without any conversion or consideration paid payment in respect thereof and shall cease to existthereof.

Cancellation of Treasury Stock. Each share of Company Share Stock held in the Company’s treasury of the Company or owned by any direct or indirect wholly owned Subsidiary of the Company immediately prior to the Effective Time, if any, Time shall be canceled canceled, retired and retired without any conversion or consideration paid in respect thereof and shall cease to exist.

Cancellation of Treasury Stock. Each Any shares of Company Share held in the treasury of the Company or Common Stock that are owned by any direct or indirect wholly owned Subsidiary of the Company immediately prior to the Effective Time, if anyTime by the Company or any subsidiary of the Company which constitute treasury stock in the hands of the holder thereof, shall be canceled and retired without any conversion or consideration paid in respect thereof and shall cease to exist, and no consideration shall be delivered in exchange therefor, and each holder of a certificate representing any such shares shall cease to have any rights with respect thereto.

Cancellation of Treasury Stock. Each share of Company Share Common Stock or Company Preferred Stock held in the as treasury of stock by the Company or owned by any direct or indirect wholly wholly-owned Subsidiary of the Company immediately prior to the Effective Time, if any, Time shall be canceled and retired extinguished without any conversion or consideration paid in respect thereof and shall cease to existthereof.

Cancellation of Treasury Stock. Each Notwithstanding Section 2.9(c), all shares of Company Share held in the treasury of Stock that are owned by the Company or owned by any direct or indirect wholly owned Subsidiary of the Company immediately prior to the Effective Time, if any, its Subsidiaries (“Treasury Stock”) shall no longer be outstanding and shall automatically be canceled and retired without any conversion or consideration paid in respect thereof and shall cease to existexist without any conversion thereof or payment therefor.

Cancellation of Treasury Stock. Each share of Company Share held in the treasury of Common Stock directly owned by the Company or owned by any direct or indirect wholly wholly-owned Subsidiary (as defined in Section 2.1(a)) of the Company immediately prior to the Effective Time, if any, Time shall automatically be canceled and retired extinguished without any conversion or consideration paid in respect thereof and shall cease to existthereof.

Cancellation of Treasury Stock. Each share of Company Share held in the treasury of Capital Stock that is owned by the Company or owned by any direct or indirect wholly owned Subsidiary of the Company immediately prior to the Effective Time, if any, Time shall automatically be canceled cancelled and retired without any conversion or consideration paid in respect thereof and no consideration shall cease to existbe delivered with respect thereto.

Cancellation of Treasury Stock. Each Notwithstanding Section 2.12(c), all shares of Company Share held in the treasury of Stock that are owned by the Company or owned by any direct or indirect wholly owned Subsidiary of the Company immediately prior to the Effective Time, if any, its Subsidiaries (“Treasury Stock”) shall no longer be outstanding and shall automatically be canceled and retired without any conversion or consideration paid in respect thereof and shall cease to existexist without any conversion thereof or payment therefor.

Cancellation of Treasury Stock. Each All shares of Company Share held in the treasury Stock and all other shares of capital stock of the Company or that are owned by any direct or indirect wholly owned Subsidiary of the Company as treasury stock or otherwise immediately prior to the Effective Time and any shares of Company Stock and other shares of capital stock of the Company owned by any subsidiary of the Company shall, as of the Effective Time, if any, shall be canceled and retired without any conversion or consideration paid in respect thereof and shall cease to exist, and no Merger consideration or other consideration shall be delivered or deliverable in exchange therefor.

Cancellation of Treasury Stock. Each Company Share held in the treasury of the Company or and each Share owned by any direct or indirect wholly owned Subsidiary subsidiary of the Company immediately prior to the Effective Time, if any, Time shall automatically be canceled and retired without any conversion thereof into the right to receive Merger Consideration and no payment or consideration paid in distribution shall be made with respect thereof and shall cease to existthereto.

Cancellation of Treasury Stock. Each Any shares of Company Share Capital ------------------------------ Stock held in the treasury of the Company or and any shares of Company Capital Stock owned by Acquiror or any direct or indirect wholly owned Subsidiary subsidiary of Acquiror or of the Company immediately prior to the Effective Time, if any, Time shall be canceled and retired extinguished without any conversion or consideration paid in respect thereof and no payment shall cease to existbe made with respect thereto.

Cancellation of Treasury Stock. Each share of Company Share Stock that is (i) held in the treasury of the Company or (ii) owned by any direct Parent or indirect wholly owned Subsidiary of the Company Sub, in each case immediately prior to the Effective Time, if any, shall be canceled cancelled and retired without any conversion or consideration paid in respect thereof and shall cease to existexist without any conversion thereof and no payment or distribution shall be made with respect thereto.

Cancellation of Treasury Stock. Each All shares of Company Share held in the treasury of Stock owned by the Company or owned by any direct or indirect wholly owned Subsidiary of the Company as treasury stock immediately prior to the Effective TimeTime shall, if anyby virtue of the Merger, and without any action on the part of the holder thereof, no longer be outstanding, shall be canceled and retired without payment of any conversion or consideration paid in respect thereof therefor and shall cease to exist.

Cancellation of Treasury Stock. Each Company Share held in the treasury of All Shares that are owned by the Company or owned by any direct or indirect wholly owned Subsidiary of the Company as treasury stock immediately prior to the Effective Time, if any, Time (the “Cancelled Shares”) automatically shall be canceled and retired without any conversion or consideration paid in respect thereof cancelled and shall cease to existexist and no consideration shall be delivered in exchange therefor. All Shares that are owned by any Subsidiaries of the Company shall be converted into and become one fully paid and non-assessable share of Surviving Corporation common stock.

Cancellation of Treasury Stock. Each Company Share held in the treasury of All Shares that are owned by the Company or as treasury stock and all Shares owned by any direct or indirect wholly wholly-owned Subsidiary of the Company immediately prior to the Effective Time, if any, shall be canceled cancelled and retired without any conversion or consideration paid in respect thereof and shall cease to existexist with no payment being made with respect thereto.

Cancellation of Treasury Stock. Each Company Common Share held in the treasury of the Company, and each Company or Common Share owned by any direct or indirect wholly wholly-owned Subsidiary subsidiary of the Company Company, immediately prior to the Effective Time, if any, shall Time will be canceled and retired without any conversion thereof or payment of any consideration paid in respect thereof therefor and shall will cease to exist.

Cancellation of Treasury Stock. Each Company Share held in the treasury share of the Company or Capital Stock owned by any direct or indirect wholly owned Subsidiary of the Company Company, if any, immediately prior to the Effective Time, if any, shall be canceled and retired extinguished without any conversion or consideration paid in respect thereof and no payment or distribution shall cease to existbe made with respect thereto.

Cancellation of Treasury Stock. Each Any shares of capital stock of the Company Share held in the treasury of the Company or and any shares of capital stock of the Company owned by Acquiror or any direct or indirect wholly owned Subsidiary subsidiary of Acquiror or of the Company immediately prior to the Effective Time, if any, Time shall be canceled and retired extinguished without any conversion or consideration paid in respect thereof and no payment or distribution shall cease to existbe made with respect thereto.

Cancellation of Treasury Stock. Each share of Company Share Stock (as defined in Section 3.3(a)) held in the treasury of by the Company or owned by any direct or indirect wholly owned Subsidiary of the Company as treasury stock immediately prior to the Effective Time, if any, Time shall be canceled and retired without any conversion retired, and no payment shall be made or consideration paid delivered in respect thereof and shall cease to existthereto.

Cancellation of Treasury Stock. Each share of Company Share capital stock held in the treasury of by the Company as treasury stock or owned by any direct or indirect wholly owned Company Subsidiary of the Company immediately prior to the Effective Time, if any, Time shall be canceled and retired without any conversion retired, and no payment shall be made or consideration paid delivered in respect thereof and shall cease to existthereto.

Cancellation of Treasury Stock. Each share of Company Share Common Stock held in the treasury of the Company or owned by any direct or indirect wholly owned Subsidiary of the Company immediately prior to the Effective Time, if any, shall be canceled and retired without any conversion or consideration paid in respect thereof and shall cease to exist.

Cancellation of Treasury Stock. Each share of Company Share Common Stock held in the treasury of by the Company or owned by any direct or indirect wholly wholly-owned Subsidiary subsidiary of the Company immediately prior to the Effective Time, if any, Time shall be canceled and retired extinguished without any conversion or consideration paid payment in respect thereof and shall cease to existthereof.

Cancellation of Treasury Stock. Each share of Company Share Common Stock or Company Preferred Stock held by any Subsidiary of the Company or in the treasury of the Company or owned by any direct or indirect wholly owned Subsidiary of the Company Company, if any, immediately prior to the Effective Time, if any, Time shall be canceled cancelled and retired without any conversion or consideration paid in respect thereof and shall cease to exist.

Cancellation of Treasury Stock. Each Company Share held in the treasury of Shares that are owned by the Company (as treasury stock or owned by otherwise) or any of its direct or indirect wholly owned Subsidiary of the Company immediately prior to the Effective Time, if any, subsidiaries shall automatically be canceled cancelled and retired without any conversion or consideration paid in respect thereof and shall cease to exist, and no consideration shall be delivered in exchange therefor.