Common use of Treatment of Company Capital Stock Owned by the Company and Parent Clause in Contracts

Treatment of Company Capital Stock Owned by the Company and Parent. At the Effective Time, all shares of Company Capital Stock that are owned by the Company as treasury stock, and any shares of Company Capital Stock owned by Parent or Merger Sub, 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.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Spark Networks SE), Agreement and Plan of Merger (Allscripts Healthcare Solutions, Inc.)

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Treatment of Company Capital Stock Owned by the Company and Parent. At the Effective Time, all shares of Company Capital Stock that are owned by the Company as treasury stock, and any shares of Company Capital Stock owned by Parent or Merger Sub, stock immediately prior to the Effective Time (collectively, “Excluded Shares”) 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.

Appears in 1 contract

Samples: Agreement and Plan of Merger (B. Riley Principal Merger Corp.)

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Treatment of Company Capital Stock Owned by the Company and Parent. At the Effective Time, all shares of Company Capital Stock that are owned by the Company as treasury stock, shares and any shares each share of Company Capital Stock owned by Parent or Merger Sub, any direct or indirect wholly owned subsidiary of Parent immediately prior to the Effective Time shall be cancelled canceled and extinguished without any conversion thereof or payment of any cash or other property or consideration therefor and shall cease to existthereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Lattice Semiconductor Corp)

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