Common use of Cancellation of Treasury Stock Clause in Contracts

Cancellation of Treasury Stock. Each share of Company Stock issued and outstanding immediately prior to the Effective Time that is owned by the Company (as treasury stock or 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.

Appears in 1 contract

Samples: Acquisition Agreement (NextWave Wireless LLC)

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Cancellation of Treasury Stock. Each share of At the Effective Time, all Company Stock Shares issued and outstanding immediately prior to the Effective Time that is are owned by the Company (as treasury stock or otherwise) shall automatically be cancelled canceled and retired and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Granahan McCourt Acquisition CORP)

Cancellation of Treasury Stock. Each At the Effective Time, automatically and by virtue of the Merger and without further action on the part of the Buyer or MergerCo, each share of Company Seller Common Stock issued and outstanding held immediately prior to the Effective Time that is owned by in the Company (as Seller’s treasury stock or otherwise) shall will automatically be cancelled and retired and shall will cease to exist, and no cash or other consideration shall will be delivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Lexmark International Inc /Ky/)

Cancellation of Treasury Stock. Each share As of the Effective Time, by virtue of the Merger and without any action on the part of the holder of any Company Stock issued and outstanding Shares, each Company Share held by the Company as treasury stock immediately prior to the Effective Time that is owned by the Company (as treasury stock or otherwise) shall automatically be cancelled canceled and retired and shall cease to existretired, and no cash or other consideration payment shall be made or consideration delivered or deliverable in exchange thereforrespect thereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ign Entertainment Inc)

Cancellation of Treasury Stock. Each share of Company Stock issued and outstanding immediately prior to the First Effective Time that is owned by the Company (as treasury stock or 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 thereforthereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Revolution Lighting Technologies, Inc.)

Cancellation of Treasury Stock. Each share All shares of capital stock of the ------------------------------ Company Stock issued and outstanding held in the treasury of the Company immediately prior to the Effective Time that is owned by of the Company (as treasury stock or otherwise) Merger, if any, shall automatically be cancelled and retired and shall cease to existextinguished as of the Effective Time of the Merger, without any conversion thereof and no cash amount or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Itron Inc /Wa/)

Cancellation of Treasury Stock. Each share of capital stock of the Company Stock issued and outstanding immediately prior to the Effective Time that is owned by the Company (as treasury stock or otherwise) shall automatically be cancelled canceled and retired and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (GTT Communications, Inc.)

Cancellation of Treasury Stock. Each share of Company Capital Stock issued and outstanding that is owned by the Company immediately prior to the Effective Time that is owned by the Company (as treasury stock or otherwise) shall automatically be cancelled and retired canceled and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Stock Restriction Agreement (CytoDyn Inc.)

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Cancellation of Treasury Stock. Each share All shares of Company Stock issued and outstanding owned by the Company as treasury stock immediately prior to the Effective Time that is owned shall, by virtue of the Company (as treasury stock or otherwise) Merger, and without any action on the part of the holder thereof, no longer be outstanding, shall automatically be cancelled canceled and retired without payment of any consideration therefor and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cordiant Communications Group PLC /Adr)

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 Alaska or Merger Sub, each share of Company Stock issued and outstanding held immediately prior to the Effective Time that is owned by in the Company (as Company’s treasury stock or otherwise) shall automatically be cancelled canceled and retired and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefortherefore.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Alaska Freightways Inc)

Cancellation of Treasury Stock. Each share All shares of capital stock of the Company Stock issued and outstanding held in the treasury of the Company immediately prior to the Effective Time that is owned by of the Company Merger, if any (as treasury stock or otherwise"Treasury Stock") shall automatically be cancelled and retired and shall cease to existextinguished as of the Effective Time of the Merger, without any conversion thereof and no cash amount or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Onemain Com Inc)

Cancellation of Treasury Stock. Each share All shares of Company Stock issued and outstanding all other shares of capital stock of the Company that are owned by the Company as treasury stock or otherwise immediately prior to the Effective Time that is and any shares of Company Stock and other shares of capital stock of the Company owned by any subsidiary of the Company (shall, as treasury stock or otherwise) shall automatically of the Effective Time, be cancelled canceled and retired and shall cease to exist, and no cash Merger consideration or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Suiza Foods Corp)

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