Common use of Junior Stock Clause in Contracts

Junior Stock. The term “Junior Stock” shall mean, for purposes of Sections 2 and 8 below, the Common Stock and any other class or series of stock of the Corporation not entitled to receive any dividends in any Dividend Period unless all dividends have been so paid or declared and set apart for payment and, for purposes of Sections 3 and 8 below, any class or series of stock of the Corporation not entitled to receive any assets upon the liquidation, dissolution or winding up of the affairs of the Corporation until the Preferred Stock shall have received the entire amount to which such stock is entitled upon such liquidation, dissolution or winding up.

Junior Stock. The term “"Junior Stock” " shall mean, for purposes of Sections 2 and 8 below, mean the Common Stock and any other class or series of stock shares of the Corporation not entitled to receive any dividends in any Dividend Period unless all dividends have been so paid or declared and set apart for payment and, for purposes of Sections 3 and 8 below, any class or series of stock of issued after the Corporation Issue Date not entitled to receive any assets upon the liquidation, dissolution or winding up of the affairs of the Corporation until the Preferred shares of Series A Stock shall have received the entire amount to which such stock is entitled upon Stated Value of all outstanding shares of Series A Stock as of the date of such liquidation, dissolution or winding up, plus any accrued and unpaid dividends to such date.

Junior Stock. The term “"Junior Stock” " shall mean, for purposes of Sections 2 and 8 below, mean the Common Stock and any other class or series of stock of the Corporation not entitled to receive any dividends in any Dividend Period unless all dividends have been so paid corporation authorized or declared and set apart for payment and, for purposes of Sections 3 and 8 below, any class or series of stock of created after the Corporation Issue Date not entitled to receive any assets upon the liquidation, dissolution or winding up of the affairs of the Corporation corporation until the Series A Preferred Stock shall have received the entire amount to which such stock Series A Preferred Stock is entitled upon any such liquidation, dissolution or winding up.

Junior Stock. The term “"Junior Stock” " shall mean, for purposes of Sections 2 and 8 below, mean the Common Stock and any other class or series of stock of the Corporation not entitled to receive any dividends in any Dividend Period unless all dividends have been so paid or declared and set apart for payment and, for purposes of Sections 3 and 8 below, any class or series of stock of the Corporation not entitled Corporation, whether now or hereafter authorized, that by the terms of the Certificate of Incorporation or of an instrument of the Board, acting pursuant to authority granted in the Certificate of Incorporation establishing such class or series shall be subordinated to the Series C Preferred Stock in respect of the right to receive dividends and in respect to the right to receive any assets upon the liquidation, dissolution or winding up of the affairs of the Corporation until the Preferred Stock shall have received the entire amount to which such stock is entitled upon such liquidation, dissolution or winding upCorporation.