Company Treasury Shares. Notwithstanding clause (i) above or any other provision of this Agreement to the contrary, at the Initial Merger Effective Time, if there are any Company Shares that are owned by the Company as treasury shares or any Company Shares owned by any direct or indirect Subsidiary of the Company immediately prior to the Initial Merger Effective Time, such Company Shares shall be canceled and shall cease to exist without any conversion thereof or payment therefor.
Company Treasury Shares. Each share of Company Common Stock held by the Company as treasury stock and each share of Company Preferred Stock held by the Company as treasury stock immediately prior to the Effective Time (collectively, “Treasury Shares”) shall automatically be canceled and retired and cease to exist, and no consideration or payment shall be delivered therefor or in respect thereof.
Company Treasury Shares. At the Effective Time, by virtue of the Merger and without any action on the part of any Stockholder or any holder of capital stock of Parent or MergerSub, each share of Company Common Stock and Company Preferred Stock held in treasury by Company shall be automatically canceled and cease to exist, and no payment of Merger Consideration shall be made in respect of the share.
Company Treasury Shares. Each share of Company Capital Stock held in Treasury of the Company immediately prior to the Effective Time shall be cancelled and retired and cease to exist.
Company Treasury Shares. Each Company Share held in the Company's treasury immediately prior to the Effective Time and each Company share owned beneficially by the Buyer or the Transitory Subsidiary shall be cancelled and retired without payment therefor.
Company Treasury Shares. All shares of Company Common Stock held at the Effective Time by the Company as treasury stock, if any, will be cancelled and extinguished and no payment will be made with respect to those shares;
Company Treasury Shares. At and as of the Effective Time, each share of Common Stock owned by the Company shall become one share of common stock of the Surviving Corporation and shall be held in treasury.
Company Treasury Shares. At and as of the Effective Time, each share of Common Stock owned by the Company shall become one share of common stock of the Surviving Corporation and each share of Preferred Stock owned by the Company shall be converted into 100 shares of common stock of the Surviving Corporation, all of which shall be held in treasury.
Company Treasury Shares. For so long as this Agreement remains in ----------------------- effect, the Company shall retain at all times authorized and unissued Shares in a number equal to the number of Shares required to purchase for Shares any and all issued and outstanding Sub Shares held by the LDC Shareholders.
Company Treasury Shares. At the Effective Time, each share of ----------------------- Company Stock held in the Company's treasury or owned by any subsidiary of the Company shall be canceled and retired and shall cease to exist, and no consideration shall be delivered or deliverable in exchange therefor.
