Common use of Cancellation of Treasury Stock Clause in Contracts

Cancellation of Treasury Stock. Each share of Company Common Stock that is owned by the Company or by any wholly owned subsidiary of the Company shall automatically be canceled and retired and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 7 contracts

Samples: Merger Agreement (Sunbeam Corp/Fl/), Merger Agreement (Invacare Corp), Merger Agreement (Sunbeam Corp/Fl/)

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Cancellation of Treasury Stock. Each share of Company Common Stock that is owned by the Company or by any wholly owned subsidiary of the Company shall automatically be canceled cancelled and retired and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 4 contracts

Samples: Merger Agreement (IZEA, Inc.), Merger Agreement (Corning Inc /Ny), Merger Agreement (United National Bancorp)

Cancellation of Treasury Stock. Each share of Company Common Stock that is owned by the Company or by any wholly owned subsidiary Parent (in each case other than shares held in a fiduciary or agency capacity or in satisfaction of the Company debts previously contracted) shall automatically be canceled cancelled and retired and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 3 contracts

Samples: Merger Agreement (Woronoco Bancorp Inc), Merger Agreement (Webster Financial Corp), Merger Agreement (Berkshire Hills Bancorp Inc)

Cancellation of Treasury Stock. Each share All shares of Company Common Stock that is are owned by the Company or by any wholly owned subsidiary of the Company as treasury stock shall automatically be canceled and retired and shall cease to exist, exist and no cash Parent Shares or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 3 contracts

Samples: Merger Agreement (Warburg Pincus Investors Lp), Merger Agreement (Gilead Sciences Inc), Merger Agreement (Nexstar Pharmaceuticals Inc)

Cancellation of Treasury Stock. Each share of Company Common Stock that is owned (or held in the treasury) by the Company or by any wholly owned subsidiary of the Company shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 2 contracts

Samples: Merger Agreement (HCH Acquisition Corp), Offer to Purchase (JRC Acquisition Corp)

Cancellation of Treasury Stock. Each share All shares of Company Common Stock that is are owned directly or indirectly by the Company or by any wholly owned subsidiary of the Company as treasury stock shall automatically be canceled and retired and shall cease to exist, exist and no cash stock of Parent or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 2 contracts

Samples: Merger Agreement (Asi Solutions Inc), Merger Agreement (Aon Corp)

Cancellation of Treasury Stock. Each share All shares of Company Common Stock that is are owned by the Company or by any wholly owned subsidiary of the Company as treasury stock shall automatically be canceled and retired and shall cease to exist, exist (collectively the "Canceled Shares") and no cash stock of the Buyer or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 2 contracts

Samples: Merger Agreement (Clearworks Net Inc), Merger Agreement (Clearworks Net Inc)

Cancellation of Treasury Stock. Each share of Company Common Stock that is owned by the Company or by any wholly owned subsidiary Subsidiary of the Company shall automatically be canceled and retired and shall cease to exist, and no cash or other treasury stock consideration shall be delivered or deliverable in exchange therefor.

Appears in 2 contracts

Samples: Offer to Purchase (Murdock David H), Merger Agreement (Authentic Specialty Foods Inc)

Cancellation of Treasury Stock. Each share All shares of Company Common Stock that is are owned by the Company or by any wholly owned subsidiary of the Company as treasury stock shall automatically be canceled and retired and shall cease to exist, exist and no cash stock of Parent or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (Hotjobs Com LTD)

Cancellation of Treasury Stock. Each share of Company Common Stock that is issued and held in the treasury of the Company or is owned by the Company or by any wholly owned subsidiary of the Company shall automatically be canceled and retired and shall cease to exist, and no cash Parent Common Stock or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (SLM Holding Corp)

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Cancellation of Treasury Stock. Each share of Company Common Stock that is owned by the Company or by any wholly owned subsidiary of the Company shall automatically be canceled and retired and shall cease to exist, exist and no cash or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (U S Digital Communications Inc)

Cancellation of Treasury Stock. Each share of Company Common Stock that is owned held by the Company or by any wholly direct or indirect wholly-owned subsidiary Subsidiary of the Company immediately prior to the Effective Time shall automatically be canceled and retired and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange thereforextinguished without any conversion thereof.

Appears in 1 contract

Samples: Merger Agreement (Loudeye Corp)

Cancellation of Treasury Stock. Each share of Company Common Stock that is owned by the Company or Company, by any wholly owned subsidiary of the Company or by Merger Sub shall automatically be canceled and retired and shall cease to exist, and no cash or other exist without payment of any consideration shall be delivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (MFW Acquisition Corp)

Cancellation of Treasury Stock. Each share of Company Common Stock that is owned by the Company or by any wholly of its wholly-owned subsidiary Subsidiaries immediately prior to the Effective Time of the Company S Merger shall automatically be canceled and or retired and shall cease to exist, and no cash or other without any consideration shall be delivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (Premier Parks Inc)

Cancellation of Treasury Stock. Each share All shares of Company Common Stock that is are owned by the Company or by any other wholly owned subsidiary Subsidiary of the Company shall automatically be canceled cancelled and retired and shall cease to exist, exist and no cash or other consideration shall be delivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (Prophet 21 Inc)

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