Common use of Participation upon Liquidation, Dissolution or Winding Up Clause in Contracts

Participation upon Liquidation, Dissolution or Winding Up. In the event of the liquidation, dissolution or winding up of the Corporation or other distribution of assets of the Corporation among its shareholders for the purpose of winding up its affairs, the holders of the Class A Common Shares and Common Shares will, subject to the rights of the holders of any other class of shares of the Corporation entitled to receive the assets of the Corporation upon such a distribution in priority to or rateably with the holders of the Class A Common Shares and Common Shares, be entitled to participate rateably in any distribution of the assets of the Corporation without preference or distinction as to the class of shares held.

Appears in 2 contracts

Samples: Arrangement Agreement (Encana Corp), Arrangement Agreement (Cenovus Energy Inc.)

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Participation upon Liquidation, Dissolution or Winding Up. In the event of the liquidation, dissolution or winding up of the Corporation or other distribution of assets of the Corporation among its shareholders for the purpose of winding up its affairs, the holders of the Class A Common Shares and Common Shares common shares will, subject to the rights of the holders of any other class of shares of the Corporation entitled to receive the assets of the Corporation upon such a distribution in priority to or rateably concurrently with the holders of the Class A Common Shares and Common Sharescommon shares, be entitled to participate rateably in any the distribution. Such distribution of will be made in equal amounts per share on all the assets of common shares at the Corporation time outstanding without preference or distinction as to the class of shares helddistinction.

Appears in 2 contracts

Samples: Arrangement Agreement (Vasogen Inc), Merger Agreement (Vasogen Inc)

Participation upon Liquidation, Dissolution or Winding Up. In the event of the liquidation, dissolution or winding up of the Corporation or other distribution of assets of the Corporation among its shareholders for the purpose of winding up its affairs, the holders of the Class A Common Shares and Common Shares willshall, subject to the rights of the holders of any other class of shares of the Corporation entitled to receive the assets of the Corporation upon such a distribution in priority to or rateably concurrently with the holders of the Class A Common Shares and Common Shares, be entitled to participate rateably in any the distribution. Such distribution of shall be made in equal amounts per share on all the assets of Class A Shares at the Corporation time outstanding without preference or distinction as to the class of shares helddistinction.

Appears in 1 contract

Samples: Business Combination Agreement (Pyrophyte Acquisition Corp.)

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Participation upon Liquidation, Dissolution or Winding Up. In the event of the liquidation, dissolution or winding up of the Corporation or other distribution of assets of the Corporation among its shareholders for the purpose of winding up its affairs, the holders of the Class A Common Shares and Common Shares will, subject to the rights of the holders of any other class of shares of the Corporation entitled to receive the assets of the Corporation upon such a distribution in priority to or rateably concurrently with the holders of the Class A Common Shares and Common Shares, be entitled to participate rateably in any the distribution. Such distribution of will be made in equal amounts per share on all the assets of Common Shares at the Corporation time outstanding without preference or distinction as to the class of shares helddistinction.

Appears in 1 contract

Samples: Arrangement Agreement (Oncothyreon Inc.)

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