Cancellation of Treasury Units. Any Unit held in treasury by the Fund and each Unit, if any, owned by any wholly-owned subsidiary of the Fund immediately prior to the Effective Time shall be cancelled and extinguished without any conversion thereof.
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Samples: Agreement and Plan of Conversion and Contribution (IMH Secured Loan Fund, LLC), Agreement and Plan of Conversion and Contribution (IMH Financial Corp), Agreement and Plan of Conversion and Contribution (IMH Secured Loan Fund, LLC)
Cancellation of Treasury Units. Any Unit held in treasury Company Units that are owned by the Fund Company and each Unit, if any, owned by any wholly-owned subsidiary not issued and outstanding as of the Fund immediately prior to the Effective Time shall be cancelled automatically canceled and extinguished without any conversion thereofshall cease to exist and no consideration shall be delivered in exchange therefor.
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Samples: Merger Agreement (Vivid Seats Inc.)
Cancellation of Treasury Units. Any Each Company Unit held in treasury by the Fund and each Unit, if any, owned by any wholly-owned subsidiary of the Fund immediately prior to the Effective Time by the Company in treasury, if any, or held by Buyer or any of its subsidiaries (excluding the Arsenal Company Units) shall be cancelled and extinguished without any conversion thereofno cash or other consideration shall be paid with respect thereto.
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