HOLDCO SHARES. Prior to the Effective Time, the Company and Holdco shall take any and all actions as are necessary to ensure that each share of capital stock of Holdco that is owned by the Company immediately prior to the Effective Time shall be cancelled and cease to be outstanding at the Effective Time, and no payment shall be made therefor, and the Company, by execution of this Agreement, agrees to forfeit such shares and relinquish any rights to such shares.
Appears in 15 contracts
Samples: Merger Agreement (Nascent Pharma Holdings, Inc.), Merger Agreement (Can B Corp), Merger Agreement (NorthWestern Energy Group, Inc.)
HOLDCO SHARES. Prior to the Effective Time, the Company and Holdco HoldCo shall take any and all actions as are necessary to ensure that each share of capital stock of Holdco HoldCo that is owned by the Company immediately prior to the Effective Time shall be cancelled and cease to be outstanding at from and after the Effective Time, and no payment shall be made therefor, and the Company, by execution of this Agreement, agrees to forfeit such shares and relinquish any rights to such shares.
Appears in 1 contract
HOLDCO SHARES. Prior to the Effective Time, the Company and Holdco HoldCo shall take any and all actions as are necessary to ensure that each share of capital stock of Holdco HoldCo that is owned by the Company immediately prior to the Effective Time shall be cancelled and cease to be outstanding at the Effective Time, and no payment shall be made therefor, and the Company, by execution of this Agreement, agrees to forfeit such shares and relinquish any rights to such shares.
Appears in 1 contract
