SPAC Treasury Stock. Notwithstanding clause (ii) above or any other provision of this Agreement to the contrary, at the SPAC Merger Effective Time, if there are any shares of SPAC Common Stock that are owned by SPAC as treasury shares or any shares of SPAC Common Stock owned by any direct or indirect Subsidiary of SPAC immediately prior to the SPAC Merger Effective Time, such shares of SPAC Common Stock shall be canceled and shall cease to exist without any conversion thereof or payment or other consideration therefor.
Appears in 6 contracts
Samples: Merger Agreement (Aquaron Acquisition Corp.), Merger Agreement (Plutonian Acquisition Corp.), Merger Agreement (Aquaron Acquisition Corp.)
SPAC Treasury Stock. Notwithstanding clause (ii) above or any other provision of this Agreement to the contrary, at the SPAC Merger Effective Time, if there are any shares of SPAC Common Capital Stock that are owned by SPAC as treasury shares or any shares of SPAC Common Capital Stock owned by any direct or indirect Subsidiary of SPAC immediately prior to the SPAC Merger Effective Time, such shares of SPAC Common Capital Stock shall be canceled and shall cease to exist without any conversion thereof or payment or other consideration therefor.
Appears in 3 contracts
Samples: Merger Agreement (RF Acquisition Corp.), Merger Agreement (RF Acquisition Corp.), Merger Agreement (CF Acquisition Corp. V)
SPAC Treasury Stock. Notwithstanding clause (iiSection 1.5(b) above or any other provision of this Agreement to the contrary, at the SPAC Merger Effective Time, if there are any shares of SPAC Common Stock that are owned by SPAC as treasury shares or any shares of SPAC Common Stock owned by any direct or indirect Subsidiary of SPAC immediately prior to the SPAC Merger Effective Time, such shares of SPAC Common Stock shall be canceled and shall cease to exist without any conversion thereof or payment or other consideration therefor.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Mountain Crest Acquisition Corp. IV), Merger Agreement (Mountain Crest Acquisition Corp. IV)
SPAC Treasury Stock. Notwithstanding clause (ii) above or any other provision of this Agreement to the contrary, at the SPAC Merger Effective Time, if there are any shares of SPAC Common Stock that are owned by the SPAC as treasury shares stock or any shares of SPAC Common Stock owned by any direct or indirect Subsidiary of SPAC immediately prior to the SPAC Merger Effective Time, such shares of SPAC Common Stock shall be canceled and shall cease to exist without any conversion thereof or payment or other consideration therefortherefor (the “SPAC Cancelled Shares”).
Appears in 2 contracts
Samples: Agreement and Plan of Merger (FAST Acquisition Corp. II), Merger Agreement (Starry Holdings, Inc.)
SPAC Treasury Stock. Notwithstanding clause (ii) above or any other provision of this Agreement to the contrary, at the SPAC Merger Arrangement Effective Time, if there are any shares of SPAC Common Capital Stock that are owned by SPAC as treasury shares or any shares of SPAC Common Capital Stock owned by any direct or indirect Subsidiary of SPAC immediately prior to the SPAC Merger Arrangement Effective Time, such shares of SPAC Common Capital Stock shall be canceled and shall cease to exist without any conversion thereof or payment or other consideration therefor.
Appears in 1 contract
Samples: Business Combination Agreement (CF Acquisition Corp. VI)
SPAC Treasury Stock. Notwithstanding clause (ii(ii) above or any other provision of this Agreement to the contrary, at the SPAC Merger Effective Time, if there are any shares of SPAC Common Stock that are owned by the SPAC as treasury shares stock or any shares of SPAC Common Stock owned by any direct or indirect Subsidiary of SPAC immediately prior to the SPAC Merger Effective Time, such shares of SPAC Common Stock shall be canceled and shall cease to exist without any conversion thereof or payment or other consideration therefortherefor (the “SPAC Cancelled Shares”).
Appears in 1 contract
SPAC Treasury Stock. Notwithstanding clause (iiSection 2.5(b) above or any other provision of this Agreement to the contrary, at the SPAC Merger Effective Time, if there are any shares of SPAC Common Stock that are owned by SPAC as treasury shares or any shares of SPAC Common Stock owned by any direct or indirect Subsidiary of SPAC immediately prior to the SPAC Merger Effective TimeTime (the “SPAC Treasury Stock”), such shares of SPAC Common Treasury Stock shall automatically be canceled cancelled and shall cease to exist without any conversion thereof or payment or other consideration therefor.
Appears in 1 contract
