Common use of Junior Stock Clause in Contracts

Junior Stock. If the assets of the Corporation are sufficient to permit the payment to the holders of the Series A Preferred Stock of the amounts called for under paragraph (a) of this Section 6, no additional distributions shall be made to holders of Series A Preferred Stock and the remainder of such assets after the distribution of the amounts called for under paragraph (a) of this Section 6, shall then be distributed pro rata to the holders of Junior Stock.

Junior Stock. If the assets of the Corporation are sufficient to permit the payment to the holders of the Series A B Preferred Stock of the amounts called for under paragraph (a) of this Section 67, no additional distributions shall be made to holders of Series A B Preferred Stock and the remainder of such assets after the distribution of the amounts called for under paragraph (a) of this Section 67, shall then be distributed pro rata to the holders of Junior Stock.

Junior Stock. If the assets of the Corporation are sufficient to permit the payment to the holders of the Series A B Preferred Stock of the amounts called for under paragraph (a) of this Section 6, no additional distributions shall be made to holders of Series A B Preferred Stock and the remainder of such assets after the distribution of the amounts called for under paragraph (a) of this Section 6, shall then be distributed pro rata to the holders of Junior Stock.

Junior Stock. If the assets of the Corporation are sufficient to permit the payment to the holders of the Series A Preferred Stock of the amounts called for under paragraph (a) of this Section 67, no additional distributions shall be made to holders of Series A Preferred Stock and the remainder of such assets after the distribution of the amounts called for under paragraph (a) of this Section 67, shall then be distributed pro rata to the holders of Junior Stock.