Common use of Cancelled Shares Clause in Contracts

Cancelled Shares. Each share of Company Common Stock or Company Preferred Stock (A) held by the Company as treasury stock or by any of its Wholly Owned Subsidiaries immediately prior to the Effective Time shall automatically be cancelled and shall cease to exist, and no securities of Parent or other consideration shall be delivered in exchange therefor and (B) owned by Parent or any of its Wholly Owned Subsidiaries immediately prior to the Effective Time shall automatically be cancelled and shall cease to exist, and no securities of Parent or other consideration shall be delivered in exchange therefor.

Cancelled Shares. Each At the Effective Time, each share of Company Common Stock or Company Preferred Stock (A) held that is owned by the Company as treasury stock or by any of its Wholly Owned Subsidiaries immediately prior to the Effective Time shall automatically be cancelled and retired and shall cease to exist, and no securities of Parent or other consideration shall be delivered in exchange therefor and therefore (B) owned by Parent or any of its Wholly Owned Subsidiaries immediately prior to shares so cancelled, the Effective Time shall automatically be cancelled and shall cease to exist, and no securities of Parent or other consideration shall be delivered in exchange therefor“Cancelled Shares”).

Cancelled Shares. Each share of Company Common Stock or Company Preferred Stock (A) held by the Company as treasury stock or by any of its Wholly Owned Subsidiaries immediately prior to the Effective Time shall automatically be cancelled and shall cease to exist, and no securities of Parent or other consideration shall be delivered in exchange therefor and (B) owned by Parent or any of its Wholly Owned Subsidiaries immediately prior to the Effective Time shall automatically be cancelled and shall cease to exist, and no securities of Parent or other consideration shall be delivered in exchange therefor.

Cancelled Shares. Each share of Company Common Stock or Company Preferred Stock (A) held by the Company as treasury stock or by any of its Wholly Owned Subsidiaries immediately prior to the Effective Time shall automatically be cancelled and shall cease to exist, and no securities of Parent or other consideration shall be delivered in exchange therefor and (B) owned by Parent or any of its Wholly Owned Subsidiaries immediately prior to the Effective Time shall automatically be cancelled and shall cease to exist, and no securities of Parent or other consideration shall be delivered in exchange therefor.

Cancelled Shares. Each share of Company Common Stock or Company Preferred Stock (A) held by the Company as treasury stock or owned by any of its Wholly Owned Subsidiaries Buyer immediately prior to the Effective Time shall be, automatically be and without the need for any action on the part of the holders thereof, cancelled and shall cease to exist, and no securities of Parent payment or other consideration distribution shall be made or delivered in exchange therefor and with respect thereto (B) owned by Parent or any of its Wholly Owned Subsidiaries immediately prior to the Effective Time shall automatically be cancelled and shall cease to exist, and no securities of Parent or other consideration shall be delivered in exchange thereforeach a “Cancelled Share”).

Cancelled Shares. Each share of Company Common Stock or Company Preferred Stock (A) held by the Company as treasury stock or owned by any of its Wholly Owned Subsidiaries Buyer immediately prior to the Effective Time shall be, automatically be and without the need for any action on the part of the holders thereof, cancelled and shall cease to exist, and no securities of Parent payment or other consideration distribution shall be made or delivered in exchange therefor and with respect thereto (B) owned by Parent or any of its Wholly Owned Subsidiaries immediately prior to the Effective Time shall automatically be cancelled and shall cease to exist, and no securities of Parent or other consideration shall be delivered in exchange thereforeach a "Cancelled Share").

Cancelled Shares. (i) Each share of Company Common Capital Stock or Company Preferred Stock (A) then held by the Company as treasury stock (or held in the Company’s treasury) or by any wholly owned subsidiary of its Wholly Owned Subsidiaries immediately prior to the Effective Time Company shall automatically be cancelled and retired and shall cease to exist, and no securities of Parent or other consideration shall be delivered in exchange therefor and therefor. (Bii) owned Each share of Capital Stock then held by Parent Parent, Merger Sub or any other wholly owned subsidiary of its Wholly Owned Subsidiaries immediately prior to the Effective Time Parent shall automatically be cancelled and retired and shall cease to exist, and no securities of Parent or other consideration shall be delivered in exchange therefor.

Cancelled Shares. Each share of Company Common Stock or Company Preferred Stock (A) held by in the treasury of the Company as treasury stock and each share of Company Common Stock owned by Parent or by Merger Sub or any direct or indirect wholly owned Subsidiary of its Wholly Owned Subsidiaries Parent or the Company immediately prior to the Effective Time shall automatically be cancelled without any conversion thereof and shall cease to exist, exist and no securities of Parent payment or other consideration distribution shall be delivered in exchange therefor and (B) owned by Parent or any of its Wholly Owned Subsidiaries immediately prior to the Effective Time shall automatically be cancelled and shall cease to exist, and no securities of Parent or other consideration shall be delivered in exchange thereformade with respect thereto.