Common use of Cancellation of Certain Shares Clause in Contracts

Cancellation of Certain Shares. Each share of Common Stock owned by the Company or any of its direct or indirect wholly owned Subsidiaries, or owned by Guarantor, Parent or Merger Sub (including any shares of Common Stock acquired by Merger Sub in the Offer), in each case, both at the commencement of the Offer and immediately before the Effective Time (collectively, the “Excluded Shares”), shall be canceled automatically, be extinguished and shall cease to exist, and no consideration shall be paid for those Excluded Shares.

Appears in 2 contracts

Sources: Merger Agreement (Mitel Networks Corp), Merger Agreement (ShoreTel Inc)

Cancellation of Certain Shares. Each share of Company Common Stock owned by the Company or any of its direct or indirect wholly owned Subsidiaries, as treasury stock or owned by Guarantor, Parent or Merger Sub (including any shares of Common Stock acquired immediately before the Effective Time or that was irrevocably accepted by Merger Sub in the Offer), in each case, both at the commencement of the Offer and immediately before the Effective Time (collectively, the “Excluded Shares”), ) shall be canceled automatically, be extinguished automatically and shall cease to exist, and no consideration shall be paid for those Excluded Shares.

Appears in 2 contracts

Sources: Merger Agreement (Carbon Black, Inc.), Merger Agreement (Vmware, Inc.)

Cancellation of Certain Shares. Each share of Company Common Stock owned by the Company as treasury stock or owned by Parent or any of or its direct or indirect wholly owned Subsidiaries, or owned by Guarantor, Parent or Merger Sub Subsidiaries (including any shares of Common Stock acquired by Merger Sub in the Offer), in each case, both at the commencement of the Offer and Sub) immediately before the Effective Time (collectively, the “Excluded Shares”), ) shall be canceled automatically, be extinguished automatically and shall cease to exist, and no consideration shall be paid in exchange for those Excluded Shares.

Appears in 1 contract

Sources: Merger Agreement (Gelesis Holdings, Inc.)

Cancellation of Certain Shares. Each share of Common Stock owned by the Company or any of its direct or indirect wholly owned Subsidiariesas treasury stock, or owned by Guarantor, Parent or Merger Sub (including any shares of Common Stock acquired by Merger Sub in the Offer), in each case, both at the commencement of the Offer and immediately before the Effective Time (collectively, the “Excluded Shares”), shall be canceled automatically, be extinguished and shall cease to exist, and no consideration shall be paid for those Excluded Shares.

Appears in 1 contract

Sources: Merger Agreement (Air Methods Corp)

Cancellation of Certain Shares. Each share of Common Stock or Class A Stock owned by the Company or any of its direct or indirect wholly owned Subsidiaries, as treasury stock or owned by Guarantor, Parent or Merger Sub (including any shares of Common Stock acquired immediately before the Effective Time or that was irrevocably accepted for purchase by Merger Sub in the Offer), in each case, both at the commencement of the Offer and immediately before the Effective Time (collectively, the “Excluded Shares”), ) shall be canceled automatically, be extinguished automatically and shall cease to exist, and no consideration in the Merger shall be paid for those Excluded Shares.

Appears in 1 contract

Sources: Merger Agreement (Dover Motorsports Inc)

Cancellation of Certain Shares. Each share of Common Stock owned by the Company as treasury stock, or owned by any of its direct or indirect wholly owned SubsidiariesSubsidiary of the Company, or owned by Guarantor, Parent or Outerwall Merger Sub (including any shares of Common Stock acquired by Outerwall Merger Sub in the Offer), in each case, both at the commencement of the Offer and case immediately before the Effective Time (collectively, the “Excluded Shares”), shall be canceled automatically, be extinguished and shall cease to exist, and no consideration shall be paid for those Excluded Shares.

Appears in 1 contract

Sources: Merger Agreement (Outerwall Inc)

Cancellation of Certain Shares. Each share of Company Common Stock owned by the Company or any of its direct or indirect wholly owned Subsidiaries, as treasury stock or owned by Guarantor, Parent M▇▇▇▇▇ Sub immediately before the Effective Time or Merger Sub (including any shares of Common Stock acquired that was irrevocably accepted by Merger Sub in the Offer), in each case, both at the commencement of the Offer and immediately before the Effective Time (collectively, the “Excluded Shares”), ) shall be canceled automatically, be extinguished automatically and shall cease to exist, and no consideration shall be paid for those Excluded Shares.

Appears in 1 contract

Sources: Merger Agreement (Lewis & Clark Ventures I, LP)

Cancellation of Certain Shares. Each share of Common Stock owned by the Company or any of its direct or indirect wholly owned Subsidiaries, as treasury stock or owned by Guarantor, Parent or Merger Sub (including any shares of Common Stock acquired immediately before the Effective Time or that was irrevocably accepted for purchase by Merger Sub in the Offer), in each case, both at the commencement of the Offer and immediately before the Effective Time (collectively, the “Excluded Shares”), ) shall be canceled automatically, be extinguished automatically and shall cease to exist, and no consideration shall be paid for those Excluded Shares.

Appears in 1 contract

Sources: Merger Agreement (Papa Murphy's Holdings, Inc.)

Cancellation of Certain Shares. Each share of Common Stock owned by the Company or any of its direct or indirect wholly owned Subsidiaries, as treasury stock or owned by Guarantor, Parent or Merger Sub (including any shares of Common Stock acquired or their respective wholly-owned subsidiaries) immediately before the Effective Time or that was irrevocably accepted for purchase by Merger Sub in the Offer), in each case, both at the commencement of the Offer and immediately before the Effective Time (collectively, the “Excluded Shares”), ) shall be canceled automatically, be extinguished automatically and shall cease to exist, and no consideration shall be paid for those Excluded Shares.

Appears in 1 contract

Sources: Merger Agreement (Qumu Corp)