Treatment of Company Capital Stock Owned by the Company Sample Clauses

Treatment of Company Capital Stock Owned by the Company. At the Effective Time, all shares of Company Capital Stock that are owned by the Company as treasury stock immediately prior to the Effective Time shall be cancelled and extinguished without any conversion thereof or payment of any cash or other property or consideration therefor and shall cease to exist.
Sample 1Sample 2Sample 3See All (50)
AutoNDA by SimpleDocs
Treatment of Company Capital Stock Owned by the Company. At the Closing, all shares of Company Capital Stock that are owned by the Company immediately prior to the Closing shall be canceled by the Company and extinguished without any conversion thereof.
Sample 1

Related to Treatment of Company Capital Stock Owned by the Company

  • Company Capital Stock “Company Capital Stock” shall mean the Company Common Stock and the Company Preferred Stock.

  • No Further Ownership Rights in Company Common Stock All shares of Parent Common Stock issued in accordance with the terms hereof (including any cash paid in respect thereof pursuant to Section 1.6(f) and 1.7(d)) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Common Stock, and there shall be no further registration of transfers on the records of the Surviving Corporation of shares of Company Common Stock which were outstanding immediately prior to the Effective Time. If after the Effective Time Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!