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 Each share of Company Common Stock issued immediately prior to the Effective Time that is owned or held in treasury by the Company and each share of Company Common Stock issued and outstanding immediately prior to the Effective Time that is owned by Parent or Merger Sub shall no longer be outstanding and shall automatically be canceled cancelled and shall cease to existexist (the “Cancelled Shares”), and each holder of a certificate that immediately prior to the Effective Time represented any such shares of Company Common Stock (a "Certificate") no consideration shall cease to have any rights with respect thereto, except the right to receive the applicable Merger Consideration, without interest, or, be delivered in the case of Dissenting Shareholders, if any, the rights, if any, accorded under the PBCLexchange therefor.

Cancellation of Company Common Stock. As of At the Effective Time, all shares of Company Common Stock shall no longer be outstanding that are held in treasury of the Company (the “Cancelled Shares”) shall, by virtue of the Merger, and shall without any action on the part of the holder thereof, automatically be canceled cancelled and retired without any conversion thereof and shall cease to exist, exist and each holder of a certificate that immediately prior to the Effective Time represented any such shares of Company Common Stock (a "Certificate") no payment shall cease to have any rights with be made in 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 PBCLthereof.

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.

Cancellation of Company Common Stock. As Subject to the provisions of the Effective TimeSection 2.6, all shares each share of Company Common Stock shall no longer be issued and 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 (other than shares of Company Common Stock (a "Certificate") held by Dissenting Stockholders and shares held in the Company’s treasury), shall be canceled, retired and cease to have exist without payment of 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 PBCLconsideration therefor.