SHARES HELD BY TARGET OR PURCHASER. Each of the shares of Target Common Stock held by any Target Company or by any Purchaser Company, 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 3 contracts
Samples: Agreement and Plan of Merger (Ameris Bancorp), Agreement and Plan of Merger (First National Banc Inc), Agreement and Plan of Merger (Abc Bancorp)
SHARES HELD BY TARGET OR PURCHASER. Each of the shares of Target ---------------------------------- TARGET Common Stock held by any Target TARGET Company or by any Purchaser PURCHASER Company, 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 (Golden Isles Financial Holdings Inc), Agreement and Plan of Merger (Abc Bancorp)
SHARES HELD BY TARGET OR PURCHASER. Each of the shares of Target Common Stock held by any Target Company or by any Purchaser Company, 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 Time, and no consideration shall be issued in exchange therefor.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Abc Bancorp), Employment Agreement (Abc Bancorp)
