Common use of Cancelled Shares Clause in Contracts

Cancelled Shares. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company or the respective stockholders thereof, each share of Company Capital Stock that is issued and outstanding and held by the Company or any Subsidiary as of immediately prior to the Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At Each Share that is held in treasury by the Company immediately prior to the Effective TimeTime (the “Cancelled Shares”) shall, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company or the respective stockholders holder thereof, each share of Company Capital Stock that is issued be cancelled and outstanding shall cease to exist, and held by the Company or any Subsidiary as of immediately prior to the Effective Time (“Cancelled Shares”) no consideration shall be cancelled without any consideration paid therefordelivered in exchange for such cancellation.

Cancelled Shares. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company or the respective stockholders thereofStockholders, each share of Company Capital Stock that is issued and outstanding and held by the Company or any Subsidiary of the Company as of immediately prior to the Effective Time other than Escrowed Shares (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the Effective Time, by virtue of the Merger and without any action on the part of the Company, Parent, Merger Sub, the any Company Stockholder, any holder of Merger Sub Common Stock or the respective stockholders thereofany other Person, each share of Company Capital Common Stock that is issued and outstanding and held by the Company or any Subsidiary as of treasury stock immediately prior to the Effective Time (“Cancelled Shares”) shall be cancelled without any and shall cease to exist, and no securities of Parent or other consideration paid shall be delivered in exchange therefor.

Cancelled Shares. At the First Merger Effective Time, by virtue of the First Merger and without any action on the part of Parent, the Merger SubSubs, the Company or the respective stockholders or members thereof, each share of Company Capital Stock that is issued and outstanding and held by the Company or any Subsidiary as of immediately prior to the First Merger Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the First Merger Effective Time, by virtue of the First Merger and without any action on the part of Parent, the Merger SubSubs, the Company or the respective stockholders or members thereof, each share of Company Capital Stock that is issued and outstanding and held by the Company or any Subsidiary as of immediately prior to the First Merger Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company, Company Securityholders or the respective stockholders thereofany other Person, each share of Company Capital Stock Shares that is issued and outstanding and held by the Company or any Subsidiary of the Company as of immediately prior to the Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the Effective Time, by virtue of the Merger and without any action on the part of ParentAcquiror, Merger Sub, the Company Company, any Securityholder, or the respective stockholders thereofany other Person, each share of Company Capital Stock Share that is issued and outstanding and held by the Company Company, Acquiror, or any Subsidiary of their respective subsidiaries as of immediately prior to the Effective Time (“Cancelled Shares”) ), shall be automatically cancelled without any consideration paid therefor.

Cancelled Shares. At the First Effective Time, by virtue of the First Merger and without any further action on the part of Parent, the Merger SubSubs, the Company or the respective stockholders stockholders, shareholders or members, as applicable, thereof, each share of Company Capital Stock that is issued and outstanding and held by the Company or any Subsidiary Parent as of immediately prior to the First Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the Effective Time, by virtue of the Merger and without any action on the part of ParentAcquiror, Merger Sub, the Company Company, the Securityholders or the respective stockholders thereofany other Person, each share of Company Capital Stock that is issued and outstanding and held by the Company or any Subsidiary as of immediately prior to the Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the Effective Time, by virtue of the First Merger and without any action on the part of Parent, the Merger SubSubs, the Company or the respective stockholders or members thereof, each share of Company Capital Stock that is issued and outstanding and held by the Company or any Subsidiary as of immediately prior to the Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company Company, the Stockholders or the respective stockholders thereofany other Person, each share of Company Capital Stock that is issued and outstanding and held by the Company or any Subsidiary as of immediately prior to the Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the Effective Time, by virtue of the Merger and without any further action on the part of Parent, Merger Sub, the Company or the respective stockholders thereof, each share of Company Capital Stock that is issued and outstanding and held by the Company or any Subsidiary Parent as of immediately prior to the Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company, the Company Securityholders or the respective stockholders thereofany other Person, each share of Company Capital Stock Shares that is issued and outstanding and held by the Company or any Subsidiary of the Company as of immediately prior to the Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company Company, the Securityholders or the respective stockholders thereofany other Person, each share of Company Capital Stock that is issued and outstanding and held by the Company or any Subsidiary as of immediately prior to the Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the First Effective Time, by virtue of the First Merger and without any action on the part of ParentAcquiror, Merger SubSub I, the Company Company, the Securityholders or the respective stockholders thereofany other Person, each share of Company Capital Stock that is issued and outstanding and held by the Company or any Subsidiary as of immediately prior to the First Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company Company, the Stockholders or the respective stockholders thereofany other Person, each share of Company Capital Stock that is issued and outstanding and held by the Company or any Subsidiary of the Company as of immediately prior to the Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the First Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger SubSub I, Merger Sub II, the Company Company, the Securityholders or the respective stockholders thereofany other Person, each share of Company Capital Stock that is authorized (whether or not issued and outstanding and/or outstanding) and held by the Company or (including, for the avoidance of doubt, any Subsidiary Treasury Stock) as of immediately prior to the Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the First Effective Time, by virtue of the First Merger and without any further action on the part of Parent, Merger SubSubs, the Company or the respective stockholders or members, as applicable, thereof, each share of Company Capital Stock that is issued and outstanding and held by the Company or any Subsidiary Parent as of immediately prior to the First Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the First Effective Time, by virtue of the First Merger and without any further action on the part of Parent, the Merger SubSubs, the Company or the respective stockholders or members, as applicable, thereof, each share of Company Capital Stock that is issued and outstanding and held by the Company or any Subsidiary Parent as of immediately prior to the First Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, the Merger Sub, the Company or the respective stockholders thereof, each share of Company Capital Stock that is issued and outstanding and held by the Company or any Subsidiary as of immediately prior to the Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the Effective Time, by virtue of the Merger and without any further action on the part of Parent, Merger Sub, the Company or the respective stockholders thereof, each share of Company Capital Stock that is issued and outstanding and held by the Company or any Subsidiary as of immediately prior to the Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the First Effective Time, by virtue of the First Merger and without any further action on the part of Parent, Merger SubSubs, the Company or the respective stockholders or members, as applicable, thereof, each share of Company Capital Stock that is issued and outstanding and held by the Company (as treasury stock or any Subsidiary otherwise) or Parent as of immediately prior to the First Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the Effective Time, by virtue of the Merger and without any further action on the part of Parent, Merger Sub, the Company or the respective stockholders or members, as applicable, thereof, each share of Company Capital Stock that is issued and outstanding and held by the Company (as treasury stock or any Subsidiary otherwise) or Parent as of immediately prior to the Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor.

Cancelled Shares. At the First Effective Time, by virtue of the First Merger and without any action on the part of Parent, Merger Sub, the Company or the respective stockholders any holder thereof, each share of Company Capital Stock that is issued and outstanding and held by in the treasury of the Company or by any Subsidiary as Parent Entity or any of immediately prior to their respective Subsidiaries shall be canceled without any conversion thereof and no payment or distribution shall be made with respect thereto (such shares, the Effective Time (“Cancelled Shares”) shall be cancelled without any consideration paid therefor).