Cancelled Shares. Each Common Share that is held in treasury by the Company immediately prior to the Effective Time (the “Cancelled Shares”) shall, by virtue of the Merger and without any action on the part of the holder thereof, be cancelled and shall cease to exist, and no consideration shall be delivered in exchange for such cancellation.
Appears in 2 contracts
Samples: Merger Agreement (Adgero Biopharmaceuticals Holdings, Inc.), Merger Agreement (Adgero Biopharmaceuticals Holdings, Inc.)
Cancelled Shares. Each At the Effective Time, each share of Common Share Stock that is held in the treasury by of the Company immediately prior to or owned by Merger Sub, the Effective Time Company or any of the Subsidiaries (the each, a “Cancelled SharesShare”) shall, by virtue of the Merger and without any action on the part of the holder thereof, shall automatically be cancelled and retired and shall cease to exist, and no consideration shall be delivered in exchange for such cancellationtherefore.
Appears in 1 contract
Samples: Merger Agreement (Compass Group Diversified Holdings LLC)
Cancelled Shares. Each Common Share that is held in treasury by the Company immediately prior to the Effective Time (the “Cancelled Shares”) shall, by virtue of the Merger and without any action on the part of the holder thereofCompany, be cancelled and shall cease to exist, and no consideration shall be delivered in exchange for such cancellation.
Appears in 1 contract
Cancelled Shares. Each Common Share that is share of Company Stock held in treasury by the Company immediately prior to the Effective Time (the “Cancelled Shares”) shall, by virtue of the Merger and without any action on the part of the holder thereofCompany, be cancelled and shall cease to exist, and no consideration shall be delivered in exchange for such cancellation.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Auris Medical Holding Ltd.)
