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 Western or other distribution of assets of Western among its shareholders for the purpose of winding-up its affairs, the holders of the Class B Shares shall be entitled, in priority to the holders of any other class of shares of Western, to receive an amount per Class B Share equal to the Class B Redemption Amount. After such distribution to the holders of the Class B Shares as provided above, holders of Class B Shares shall not be entitled to share in any further distribution of the assets of Western;

Participation upon Liquidation, Dissolution or Winding Up. In the event of the liquidation, dissolution or winding-up of Western or other distribution of assets of Western among its shareholders for the purpose of winding-up its affairs, the holders of the Class B A Shares shall be entitledshall, in priority subject to the rights of the holders of any other class of shares of Western, to receive an amount per Class B Share equal Western upon such a distribution in priority to the Class B Redemption Amount. After such distribution to the holders of the Class B Shares as provided aboveA Shares, holders of Class B Shares shall not be entitled to share participate rateably in any further distribution of the assets of Western;