Common use of Holders of Certificates Clause in Contracts

Holders of Certificates. All such shares of Company Common Stock, when converted as provided in Section 3.1(c), will no longer be outstanding and will automatically be cancelled and retired and will cease to exist, and each certificate previously evidencing such shares of Company Common Stock will thereafter represent only the right to receive the Merger Consideration, without any interest thereon. The holders of certificates previously evidencing shares of Company Common Stock outstanding immediately prior to the Effective Time will cease to have any rights with respect to the Company Common Stock, except as otherwise provided herein or by law.