EXCEPTION SHARES. Each of the Exception Shares of Company Common Stock shall be canceled and retired upon consummation of the Merger, and no consideration shall be issued in exchange therefor.
EXCEPTION SHARES. 8 2.7 DISSENTING SHARES................................................. 8 2.8 RESERVATION OF RIGHT TO REVISE TRANSACTION........................ 8 2.9 OPTIONS........................................................... 9
EXCEPTION SHARES. At the Effective Time, (1) each Exception Share owned by Parent or the Company or their respective subsidiaries shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor, and (2) each Exception Share held by any direct or indirect wholly owned subsidiary of Parent or the Company shall be converted into the right to receive the Exchange Ratio. “Exception Share” means a share of Company Common Stock or Company Series A Preferred Stock owned or held, other than in a bona fide fiduciary or agency capacity or in satisfaction of a debt previously contracted in good faith, by Parent, the Company or a subsidiary of either.
EXCEPTION SHARES. Exception Shares" mean any shares of WesterFed Common Stock held by Glacier or any of its Subsidiaries or WesterFed or any of its Subsidiaries, in any case other than in a fiduciary capacity or as a result of debts previously contracted. Each of the Exception Shares of WesterFed Common Stock will be canceled and retired upon consummation of the Merger, and no consideration shall be issued in exchange therefor.
EXCEPTION SHARES. 10 1.14 Reservation Of Right To Revise Structure.....................................10 1.15
EXCEPTION SHARES. At the Effective Time, each Exception Share owned by Parent or the Company or their respective subsidiaries will be canceled and retired and will cease to exist, and no consideration will be delivered in exchange therefor. “Exception Share” means a share of Company Common Stock owned or held, other than in a bona fide fiduciary or agency capacity or in satisfaction of a debt previously contracted in good faith, by Parent, the Company or a subsidiary of either.
EXCEPTION SHARES. 8 2.7 RESERVATION OF RIGHT TO REVISE TRANSACTION.........................8 2.8 OPTIONS............................................................8
EXCEPTION SHARES. All shares of TCB Common Stock owned directly by TCB (including treasury shares), HBI, or any of their Subsidiaries (in each case other than shares in trust accounts or in an another fiduciary capacity, managed accounts and the like or shares held in satisfaction of a debt previously contracted) (the "Exception Shares") shall be cancelled and retired and shall not represent capital stock of the Surviving Company and shall not be exchanged for Merger Consideration or any other consideration.
EXCEPTION SHARES. 8 2.4 RESERVATION OF RIGHT TO REVISE TRANSACTION............... 8 ARTICLE III. ACTIONS PENDING CONSUMMATION 9 3.1 CAPITAL STOCK............................................ 9 3.2
EXCEPTION SHARES. At the Effective Time, each Exception Share owned by CCFNB or CFC shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange thereof. "Exception Share" means a share of CFC Common Stock owned or held, other than in a bona fide fiduciary or agency capacity or in satisfaction of a debt previously contracted in good faith, by CCFNB, by CFC as treasury shares or by any subsidiary of either.
