Shares Held by Target or Buyer. Each of the shares of Target Common Stock or Target Series A Preferred Stock held by any Target Entity or by any Buyer Entity, in each case other than in a 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 2 contracts
Samples: Agreement and Plan of Reorganization (Banctrust Financial Group Inc), Agreement and Plan (Banctrust Financial Group Inc)
Shares Held by Target or Buyer. Each of the shares of Target Common Stock held directly by Target, Buyer or Target Series A Preferred Stock held by any Target Entity or by any Buyer EntitySub, in each case other than in a 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 2 contracts
Samples: Agreement and Plan of Merger (Comerica Inc /New/), Agreement and Plan of Merger (Sterling Bancshares Inc)
Shares Held by Target or Buyer. Each of the shares share of Target Common Stock or Target Series A Preferred Stock that is issued and held by any Target Entity or by any Buyer Entity, in each case Entity (other than shares of Target Common Stock held in a fiduciary capacity or as a result of debts previously contracted) immediately prior to the Effective Time (collectively, the “Canceled Shares”) shall automatically be canceled and retired at the Effective Time and shall cease to exist, and no consideration shall be issued or delivered in exchange therefor.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (WSFS Financial Corp)
Shares Held by Target or Buyer. Each of the shares of Target Common Stock or Target Series A Preferred Capital Stock held by any Target Entity or by any Buyer Entity, in each case other than in a 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 1 contract
Samples: Agreement and Plan of Merger (Vicon Industries Inc /Ny/)
Shares Held by Target or Buyer. Each of the shares of Target Common Stock or Target Series A Preferred Stock held by any Target Entity (including shares of Target Common Stock held in treasury by Target) or by any Buyer Entity, in each case other than in a fiduciary capacity or as a result of debts previously contracted, Entity shall be canceled and retired at the Effective Time and no consideration shall be issued in exchange therefor.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Lev Pharmaceuticals Inc)
Shares Held by Target or Buyer. Each of the shares of Target Common Stock or Target Series A Preferred Stock held by any Target Entity or by any Buyer Entity, in each case other than in a fiduciary capacity or as a result of debts previously contracted, Entity shall be canceled and retired at the Effective Time and no consideration shall be issued in exchange therefor.. 3.4
Appears in 1 contract
Samples: Agreement and Plan of Merger (Graham Field Health Products Inc)
