Conversion and Cancellation of Company Stock. At the Effective Time, each share of Company Stock shall, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company or the Company Stockholders, be cancelled and extinguished, and each share of Company Stock (other than shares of Company Stock cancelled pursuant to Section 2.03(b)) shall be converted into the right to receive the Per Share Merger Consideration in cash, payable in accordance with and subject to the conditions provided in this Article II. From and after the Effective Time, each holder of a Certificate representing Company Stock shall cease to have any rights with respect to such Company Stock, except, with respect to each other share of Company Stock, the right to receive the Per Share Merger Consideration subject to the conditions provided in this Article II.
Conversion and Cancellation of Company Stock. At the Effective Time, each share of Company Stock (other than Dissenting Shares and the Cancelled Shares), by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company or the Company Stockholders, shall be converted into the right to receive the Per Share Merger Consideration in cash, payable in accordance with and subject to the conditions provided in this Article II. From and after the Effective Time, each holder of Company Stock that is not Cancelled Shares (including any holder of a Certificate representing Company Stock) shall cease to have any rights with respect to such Company Stock, except (i) with respect to Dissenting Shares, appraisal rights under the DGCL, and (ii) with respect to each other share of Company Stock, the right to receive the Per Share Merger Consideration subject to the conditions and adjustments provided in this Article II.
