Common use of Cancellation of Certain Shares Clause in Contracts

Cancellation of Certain Shares. Any shares of Company Common Stock held by Parent or any Parent Subsidiary, or Company or any Company Subsidiary, other than those held in a fiduciary capacity or as a result of debts previously contracted (“Treasury Shares”), shall be cancelled and retired at the Effective Time of the Merger and no consideration shall be issued in exchange therefor.

Appears in 1 contract

Sources: Merger Agreement (Americanwest Bancorporation)

Cancellation of Certain Shares. Any shares of Company Common Stock held directly or indirectly by Parent or any Parent Subsidiary, or Company or any Company Subsidiarythe Company, other than those held in a fiduciary capacity or as a result of debts previously contracted (“Treasury Shares”), shall be cancelled and retired at the Effective Time of the Merger and no consideration shall be issued in exchange therefor.; and

Appears in 1 contract

Sources: Merger Agreement (First Community Bancorp /Ca/)

Cancellation of Certain Shares. Any shares Each share of Company Common Stock held capital stock that is owned by Parent Parent, Merger Sub or the Company (as treasury stock or otherwise) or any Parent Subsidiary, of their respective direct or Company or any Company Subsidiary, other than those held in a fiduciary capacity or as a result of debts previously contracted (“Treasury Shares”), indirect wholly-owned Subsidiaries shall automatically be cancelled and retired at the Effective Time of the Merger and shall cease to exist, and no consideration shall be issued delivered in exchange therefortherefor (such shares collectively, the “Cancelled Shares”).

Appears in 1 contract

Sources: Merger Agreement (OncoCyte Corp)

Cancellation of Certain Shares. Any shares of Company Common Stock held directly or indirectly by Parent (or any Parent Subsidiary, of its Subsidiaries) or Company or any Company Subsidiaryby the Company, other than those held in a fiduciary capacity or as a result of debts previously contracted ("Treasury Shares"), shall be cancelled and retired at the Effective Time of the Merger and no consideration shall be issued in exchange therefor.

Appears in 1 contract

Sources: Merger Agreement (First Community Bancorp /Ca/)

Cancellation of Certain Shares. Any shares Each share of Company Common Capital Stock that is held in the treasury of the Company and each share of Company Capital Stock owned by Parent Parent, Merger Sub or any other wholly owned subsidiary of Parent Subsidiary, or Company or any Company Subsidiary, other than those held in a fiduciary capacity or as a result of debts previously contracted (“Treasury Shares”), shall be cancelled canceled and retired at the Effective Time of the Merger and no consideration shall be issued delivered in exchange therefor.

Appears in 1 contract

Sources: Merger Agreement (Turnstone Biologics Corp.)

Cancellation of Certain Shares. Any shares of Company Common Stock held by Parent (or any Parent Subsidiary, of its Subsidiaries) or Company or any Company Subsidiaryby the Company, other than those held in a fiduciary capacity or as a result of debts previously contracted ("Treasury Shares"), shall be cancelled canceled and retired at the Effective Time of the Merger and no consideration shall be issued in exchange therefortherefore.

Appears in 1 contract

Sources: Merger Agreement (First Community Bancorp /Ca/)