Common use of Company Treasury Stock Clause in Contracts

Company Treasury Stock. At the Effective Time, by virtue of the Merger, all shares of Company Common Stock that are issued and held as treasury stock shall be cancelled and retired and shall cease to exist, and no Merger Consideration shall be paid or payable in exchange therefor.

Appears in 2 contracts

Samples: Merger Agreement (Cal Dive International Inc), Merger Agreement (Remington Oil & Gas Corp)

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Company Treasury Stock. At the Effective Time, by virtue of the Merger, all shares of Company Common Stock that are issued and held as treasury stock stock, if any, shall be cancelled and retired and shall cease to exist, and no Closing Date Merger Consideration or other consideration shall be paid or payable in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (Panhandle Royalty Co)

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Company Treasury Stock. At the Effective Time, by virtue each share of the Merger, all shares of Company Common Stock that are issued and is held as in the treasury stock of the Company, if any, shall automatically be cancelled and retired and shall cease to exist, exist and no Merger Consideration payment or distribution shall be paid or payable in exchange thereformade with respect thereto.

Appears in 1 contract

Samples: Merger Agreement (Ari Network Services Inc /Wi)

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