Common use of Conversion of Target Common Stock Clause in Contracts

Conversion of Target Common Stock. Each issued and outstanding share of Target Common Stock (other than shares to be canceled in accordance with Section 2.01(b) and the Dissenting Shares) shall be converted into the right to receive in cash, without interest, the price per share paid in the Offer (the "Merger Consideration"). As of the Effective Time, all such shares of Target Common Stock shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and each holder of a certificate representing any such shares of Target Common Stock shall cease to have any rights with respect thereto, except the right to receive the Merger Consideration to be issued in consideration therefor upon surrender of such certificate in accordance with Section 2.02, without interest.

Conversion of Target Common Stock. Each Subject to Section 2.02(e), each issued and outstanding share of Target Common Stock (other than shares to be canceled in accordance with Section 2.01(b) and the Dissenting Shares)) shall be converted into the right to receive in cash0.60 (the "Exchange Ratio") fully paid and nonassessable shares of common stock, without interestpar value $0.01 per share, the price per share paid in the Offer of Parent ("Parent Common Stock") (the "Merger Consideration"). As of the Effective Time, all such shares of Target Common Stock shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and each holder of a certificate representing any such shares of Target Common Stock shall cease to have any rights with respect thereto, except the right to receive the Merger Consideration to be issued in consideration therefor upon surrender of such certificate in accordance with Section 2.02, without interest.