Company-Owned Company Capital Stock. Notwithstanding anything to the contrary in this Section 2.7, each share of Company Capital Stock that is held by the Company or any direct or indirect Subsidiary of the Company immediately prior to the Effective Time shall be cancelled and extinguished without any consideration paid therefor or in respect thereof.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Solta Medical Inc), Agreement and Plan of Merger (Actividentity Corp), Agreement and Plan of Merger (Logitech International Sa)
Company-Owned Company Capital Stock. Notwithstanding anything to the contrary set forth in this Section 2.7Agreement, at the Effective Time, by virtue of the Merger and without any action on the part of any of the parties hereto, each share of Company Capital Stock that is held owned by the Company or any direct or indirect Subsidiary of the Company immediately prior to the Effective Time shall be cancelled and extinguished without any consideration paid therefor or in respect conversion thereof.
Appears in 3 contracts
Samples: Agreement and Plan of Merger and Reorganization (Planar Systems Inc), Agreement and Plan of Merger And (Network Appliance Inc), Agreement and Plan of Merger (Plantronics Inc /Ca/)
Company-Owned Company Capital Stock. Notwithstanding anything to the contrary in this terms of Section 2.72.6(b), each share of Company Capital Stock that is held by the Company or any direct or indirect Subsidiary of the Company immediately prior to the Effective Time shall be cancelled and extinguished without any conversion thereof or consideration paid therefor or in respect thereoftherefor.
Appears in 2 contracts
Samples: Agreement and Plan of Merger and Reorganization (Sonicwall Inc), Agreement and Plan of Merger and Reorganization (Accelrys, Inc.)
Company-Owned Company Capital Stock. Notwithstanding anything to the contrary in this Section 2.7, each share of Company Capital Stock that is held by the Company or any direct or indirect Subsidiary of the Company immediately prior to the Effective Time shall be cancelled and extinguished without any consideration paid therefor or in respect thereof.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Harmonic Inc)
Company-Owned Company Capital Stock. Notwithstanding anything to the contrary set forth in this Section 2.7Agreement, at the Effective Time, by virtue of the First Merger and without any action on the part of any of the parties hereto, each share of Company Capital Stock that is held owned by the Company or any direct or indirect Subsidiary of the Company immediately prior to the Effective Time shall be cancelled and extinguished without any consideration paid therefor or in respect conversion thereof.
Appears in 1 contract
Samples: Agreement and Plan of Merger and Reorganization (Sumtotal Systems Inc)
Company-Owned Company Capital Stock. Notwithstanding anything to the contrary in this Section 2.7, at the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company or the holders of any shares of Company Capital Stock, each share of Company Capital Stock that is held by the Company or any direct or indirect Subsidiary of the Company immediately prior to the Effective Time shall be cancelled and extinguished without any consideration paid therefor or in respect thereof.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Sirenza Microdevices Inc)
