Common use of Shares Held by Subject Company or Parent Clause in Contracts

Shares Held by Subject Company or Parent. Each of the shares of Subject Company Common Stock held by Subject Company, any Subject Company Subsidiary, Parent or any Parent Subsidiary, in each case other than in fiduciary capacity or as a result of debts previously contracted, shall be canceled and retired at the Effective Time and no consideration shall be issued in exchange therefor.

Appears in 4 contracts

Samples: Merger Agreement (Merchants Bancshares Inc /Tx/), Merger Agreement (Union Planters Corp), Merger Agreement (Union Planters Corp)

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