Common use of Effect on Parent Stock Clause in Contracts

Effect on Parent Stock. Immediately following the Effective Time, shares of the capital stock of Parent owned by the Oracle Surviving Corporation shall be cancelled by Parent without payment therefor.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Siebel Systems Inc), Agreement and Plan of Merger (Siebel Systems Inc), Agreement and Plan of Merger (Oracle Corp /De/)

AutoNDA by SimpleDocs

Effect on Parent Stock. Immediately following the Effective Time, shares of the capital stock of Parent owned by the Oracle AHC Surviving Corporation shall be cancelled by Parent without payment therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Authentidate Holding Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!