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 shall automatically be cancelled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor. Each share of Company Common Stock owned by Merger Sub or a subsidiary of Parent or Merger Sub shall be converted pursuant to the Merger as provided in Section 2.1(c) and Section 2.2. Notwithstanding Section 2.1(c) and Section 2.2, each share of Company Common Stock owned by Parent or a subsidiary of the Company shall be converted into Parent Common Stock (as defined below).

Cancellation of Treasury Stock. Each share of Company Common Stock that is owned or Company Class B Common Stock held by the Company shall automatically be cancelled and retired and shall cease to existas treasury stock, and no consideration shall be delivered in exchange therefor. Each share of Company Common Stock owned by Merger Sub or a subsidiary of Parent or Merger Sub shall be converted pursuant to the Merger as provided in Section 2.1(c) and Section 2.2. Notwithstanding Section 2.1(c) and Section 2.2, each share of Company Common Stock owned or Company Class B Common Stock held by Parent any direct or a indirect subsidiary of the Company (a "Company Subsidiary") immediately prior to the Effective Time shall automatically be cancelled and cease to exist without any conversion thereof and no consideration shall be converted into Parent Common Stock (as defined below)paid with respect thereto.

Cancellation of Treasury Stock. Each share Any shares of Company Common Stock that is are owned by the Company as treasury stock shall automatically be cancelled and retired and shall cease to exist, and no stock of the Parent or other consideration shall be delivered in exchange therefor. Each share All shares of Company Parent Class A Common Stock Stock, if any, owned by Merger Sub or a subsidiary of Parent or Merger Sub shall be converted pursuant to the Merger as provided in Section 2.1(c) and Section 2.2. Notwithstanding Section 2.1(c) and Section 2.2, each share of Company Common Stock owned by Parent or a subsidiary of the Company shall be converted into Parent Common Stock (as defined below)remain unaffected by the Merger.

Cancellation of Treasury Stock. Each share All shares of Company Common Stock (as defined in Section 2.1(c)) that are owned by the Company as treasury stock and all shares of Company Common Stock that is owned are owned, directly or indirectly, by Parent or Company (other than shares of Company Common Stock held directly or indirectly in trust accounts, managed accounts and the Company like or otherwise held in a fiduciary capacity for the benefit of third parties ("Trust Account Shares")) shall automatically be cancelled and retired and shall cease to exist, and no stock of Parent, cash or other consideration shall be delivered in exchange therefor. Each share of Company Common Stock owned by Merger Sub or a subsidiary of Parent or Merger Sub shall be converted pursuant to the Merger as provided in Section 2.1(c) and Section 2.2. Notwithstanding Section 2.1(c) and Section 2.2, each share of Company Common Stock owned by Parent or a subsidiary of the Company shall be converted into Parent Common Stock (as defined below).