Common use of Cancellation of Old Shares Clause in Contracts

Cancellation of Old Shares. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time, other than Exception Shares, is referred to as an “Old Share.” At the Effective Time, Old Shares will cease to be outstanding, will be canceled and retired and will cease to exist, and each holder of (1) a certificate formerly representing Old Shares and (2) evidence of Old Shares in book-entry form (collectively, “Old Certificates”) will thereafter cease to have any rights with respect to such shares, except the right to receive, without interest, upon exchange of such Old Certificate in accordance with Section 2.3, the Merger Consideration applicable to such Old Shares.

Cancellation of Old Shares. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time, other than Exception Shares, is referred to hereinafter defined as an “Old Share.” At the Effective Time, ”. Old Shares will shall cease to be outstanding, will shall be canceled and retired and will shall cease to exist, and each holder of (1) a certificate (an “Old Certificate”) formerly representing Old Shares and (2) evidence of Old Shares in book-entry form (collectively, “Old Certificates”) will shall thereafter cease to have any rights with respect to such shares, except the right to receive, without interest, upon exchange of such Old Certificate in accordance with Section 2.3, the Merger Consideration applicable to such Old SharesConsideration.

Cancellation of Old Shares. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time, other than Exception Shares, each share of Company Series A Preferred Stock and each share of Company Series B Preferred Stock is referred to hereinafter defined as an “Old Share.” ”. At the Effective Time, Old Shares will shall cease to be outstanding, will shall be canceled and retired and will shall cease to exist, and each holder of (1) a certificate (an “Old Certificate”) formerly representing Old Shares and (2) evidence of Old Shares in book-entry form (collectively, “Old Certificates”) will shall thereafter cease to have any rights with respect to such shares, except the right to receive, without interest, upon exchange of such Old Certificate in accordance with Section 2.3, the Merger Consideration applicable to such Old Shares.

Cancellation of Old Shares. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time, other than Exception Shares, each share of Company Series A Preferred Stock and each share of Company Series B Preferred Stock is referred to hereinafter defined as an “"Old Share.” ”. At the Effective Time, Old Shares will shall cease to be outstanding, will shall be canceled and retired and will shall cease to exist, and each holder of (1) a certificate (an “Old Certificate”) formerly representing Old Shares and (2) evidence of Old Shares in book-entry form (collectively, “Old Certificates”) will shall thereafter cease to have any rights with respect to such shares, except the right to receive, without interest, upon exchange of such Old Certificate in accordance with Section 2.3, the Merger Consideration applicable to such Old Shares.