Common use of Conversion of the Company Common Stock Clause in Contracts

Conversion of the Company Common Stock. Subject to Section 3.1(e), each issued and outstanding share of the Company Common Stock (other than shares to be canceled in accordance with Section 3.1(b)) shall be converted into the right to receive from the Surviving Corporation in cash, without interest, the Offer Price. As of the Effective Time, all such shares of the Company Common Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of a certificate representing any such shares of the Company Common Stock shall cease to have any rights with respect thereto, except the right to receive the Merger Consideration as provided in this Section 3.1(c), without interest.

Appears in 3 contracts

Samples: Merger Agreement (Quarterdeck Corp), Merger Agreement (Quarterdeck Corp), Merger Agreement (Symantec Corp)

AutoNDA by SimpleDocs

Conversion of the Company Common Stock. Subject to Section 3.1(e-------------------------------------- 3.1(d), each issued and outstanding share of the Company Common Stock (other than shares to be canceled in accordance with Section 3.1(b)) shall be converted into the right to receive from the Surviving Corporation in cash, without interest, the Offer PricePrice (the "Merger Consideration"). As of the -------------------- Effective Time, all such shares of the Company Common Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of a certificate representing any such shares of the Company Common Stock shall cease to have any rights with respect thereto, except the right to receive the Merger Consideration as provided in this Section 3.1(c)Consideration, without interest.

Appears in 2 contracts

Samples: Merger Agreement (Micron Technology Inc), Merger Agreement (Netframe Systems Inc)

Conversion of the Company Common Stock. Subject to Section 3.1(e2.01(b), each issued and outstanding share of the Company Common Stock (other than shares to be canceled in accordance with Section 3.1(b)) shall be converted into the right to receive from the Surviving Corporation Offer Price in cash, without interest, . The cash payable upon the Offer Priceconversion of shares of the Company Common Stock pursuant to this Section 2.01(c) is referred to collectively as the "Merger Consideration". As of the Effective Time, all such shares of the Company Common Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of a certificate representing any such shares of the Company Common Stock shall cease to have any rights with respect thereto, except the right to receive the Merger Consideration as provided upon surrender of such certificate in this accordance with Section 3.1(c)2.02, without interest.

Appears in 1 contract

Samples: Merger Agreement (MSC Software Corp)

AutoNDA by SimpleDocs

Conversion of the Company Common Stock. Subject to Section 3.1(e3.1(d), each issued and outstanding share of the Company Common Stock Share (other than shares Shares to be canceled in accordance with Section 3.1(b)) shall be converted into the right to receive from the Surviving Corporation in cash, without interest, the Offer PricePrice (the "Merger Consideration"). As of the Effective Time, all such shares of the Company Common Stock Shares shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of a certificate representing any such shares of the Company Common Stock Shares shall cease to have any rights with respect thereto, except the right to receive the Merger Consideration as provided in this Section 3.1(c)Consideration, without interest.

Appears in 1 contract

Samples: Merger Agreement (Compuware Corporation)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!