Common use of Cancellation of Company Common Stock Clause in Contracts

Cancellation of Company Common Stock. As of the Effective Time, all shares of Company Common Stock shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and each holder of a certificate that immediately prior to the Effective Time represented any such shares of Company Common Stock (a "Certificate") shall cease to have any rights with respect thereto, except the right to receive the applicable Merger Consideration, without interest, or, in the case of Dissenting Shareholders, if any, the rights, if any, accorded under the PBCL.

Cancellation of Company Common Stock. As of the Effective Time, all shares of Company Common Stock outstanding immediately prior to the Effective Time shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and each holder of a certificate that immediately prior to the Effective Time represented any such shares of Company Common Stock (a "Certificate") shall cease to have any rights with respect thereto, except the right to receive the applicable Merger Considerationamount per Share specified in Section 2.1(c) upon surrender of such Certificate in accordance with Section 2.2, without interest, or, in the case of Dissenting ShareholdersStockholders, if any, the rights, if any, accorded under Section 262 of the PBCLDGCL.

Cancellation of Company Common Stock. As of At the Effective Time, all shares of Company Common Stock issued and outstanding immediately prior to the Effective Time shall no longer be outstanding and such shares of Company Stock shall automatically be canceled cancelled and retired and shall cease to exist, and each holder of certificate (a certificate that immediately prior to the Effective Time represented “Certificate”) formerly representing any such shares of Company Common Stock (a "Certificate"other than such shares held by the Company or any Company Subsidiary) shall cease to have any rights with respect thereto, except the right to receive the applicable Merger Consideration, without interest, or, in the case of Dissenting Shareholders, if any, the rights, if any, accorded under the PBCLthereafter be null and void.