Cancellation of Treasury Stock. As of the Effective Time, (i) any shares of capital stock of ZML REIT I that are owned by ZML REIT I or any ZML I Subsidiary (as defined below), (ii) any shares of capital stock of ZML REIT II that are owned by ZML REIT II or any ZML II Subsidiary, (iii) any shares of beneficial interest of ZML REIT III that are owned by ZML REIT III or any ZML III Subsidiary and (iv) any shares of beneficial interest of ZML REIT IV that are owned by ZML REIT IV or any ZML IV Subsidiary shall automatically be canceled and retired and all rights with respect thereto shall cease to exist, and no consideration shall be delivered in exchange therefor.
Appears in 4 contracts
Sources: Merger Agreement (Equity Office Properties Trust), Merger Agreement (Equity Office Properties Trust), Merger Agreement (Equity Office Properties Trust)