Preference on Liquidation Sample Clauses

Preference on Liquidation. Upon dissolution of the Partnership, the Series C Preferred Interests shall have the priority established in Section 6.2 of the Agreement and shall be pari passu with the Series A, B, D and E Preferred Interests and any other series that ranks pari passu with the Series C Preferred Interests.
AutoNDA by SimpleDocs
Preference on Liquidation. (a) Upon the liquidation or dissolution of the Company ("Liquidation Event"), the holders of Series A Preferred Stock shall be entitled to receive out of the Company's assets, for each share of Series A Preferred Stock outstanding at the time thereof, distributions in the amount of $0.31755 (subject to adjustment from time to time as a result of a stock split, stock combination or any other similar event affecting the outstanding number of shares of Series A Preferred Stock) (as adjusted from time to time, the "Original Issue Price") plus an amount equal to all accumulated but unpaid dividends thereon, whether or not declared (the Original Issue Price together with such dividends, the "Liquidation Preference").
Preference on Liquidation. (1) In the event of any liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary, the holders of shares of Series A Stock then outstanding shall be entitled to be paid out of the assets of the Corporation available for distribution to it stockholders, whether from capital, surplus or earnings before any payment shall be made in respect of the Common Stock of the Corporation, an amount equal to $.10 plus all accrued, but unpaid dividends, if any, per share (the "Preference Price"). In the case of any liquidation, dissolution, or winding up of the corporation occurring on or prior to June 11, 1989, after the holders of shares of Series A Stock have received an amount equal to the Preference Price, and the further payment of the full preferential amounts to which the holders of any other Preferred Stock are specifically entitled, the assets remaining shall be distributed ratably among the holders of Common Stock until each holder of Common Stock has received an amount per share equal to the price paid per share to the Corporation by the original holder of each share of Common Stock plus all accrued but unpaid dividends, if any, on such Common Stock. Thereafter, any assets remaining shall be distributed ratably among the holders of all of the stock of the Corporation (Preferred and Common). In case of any liquidation, dissolution or winding up of the Corporation occurring subsequent to June 11, 1989, after the holders of shares of Series A Stock have received an amount equal to the Preference Price, and the further payment of the full preferential amounts to which the holders of any other Preferred Stock are specifically entitled, the assets remaining shall be distributed ratably among the holders of Common Stock until each holder of Common Stock has received an amount equal to the Preference Price. (The amount required to pay the full Preference Price to each holder of Series A Stock and other preferred stock and the amount required to be paid to each holder of Common Stock hereunder is hereinafter collectively referred to as the "Payout.") Thereafter, any assets remaining shall be distributed ratably among the holders of all of the stock of the Corporation (Preferred and Common).
Preference on Liquidation. (1) In the event of any liquidation, dissolution or winding up of the corporation, the holders of Series B Preferred Shares then outstanding shall be entitled to be paid out of the assets of the corporation available for distribution to its stockholders, whether from capital, surplus or earnings, before any payment shall be made in respect of the corporation's Common Shares or junior stock, an amount equal to Ten Dollars ($10.00) per share less an amount equal to the dividends, if any, paid thereon pursuant to subdivision (b) above. If, upon liquidation, dissolution or winding up of the corporation, the assets of the corporation available for the distribution to its shareholders shall be insufficient to pay the holders of the Series B Preferred Shares an amount equal to Ten Dollars ($10.00) per share, less an amount equal to the dividends, if any, declared thereon, the holders of the Series B Preferred Shares shall share ratably in any distribution of assets according to the respective amounts which would be payable in respect of the shares held by them upon such distribution if all amounts payable on or with respect to said shares were paid in full. After the holders of Series B Preferred Shares have received an amount equal to Ten Dollars ($10.00) per share less an amount equal to the dividends, if any, declared thereon, the assets then remaining shall be distributed equally per share to the holders of Series A and C Preferred Shares, and then any remaining assets to the holders of Common Shares.
Preference on Liquidation. Upon any liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary, the registered holders of shares of Series A Stock shall be entitled, before any distribution or payment is made upon any Common Stock, or upon any other series of Preferred Stock hereafter authorized, to receive all accrued dividends with respect to the Series A Stock, and to be paid an amount equal to $1.00 per share of Series A Stock. If upon such liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary, the assets to be distributed among the registered holders of Series A Stock shall be insufficient to permit payment to the holders of Series A Stock of the total amount distributable as aforesaid, then the entire assets of the Corporation to be distributed shall be distributed ratably among the registered holders of shares of Series A Stock. Upon any such liquidation, dissolution or winding up of the Corporation, after the registered holders of shares of Series A Stock shall have been paid the amounts to which they shall be entitled, the remaining assets of the Corporation may be distributed to the holders of shares of Common stock and any other authorized series of Preferred Stock.
Preference on Liquidation. 1. Upon the occurrence of any liquidation, dissolution or winding up of the Corporation, either voluntary or involuntary (a "LIQUIDATING EVENT"), each holder of Series A Preferred then outstanding shall be entitled to receive, out of the assets of the Corporation available for distribution to its stockholders, before any payment shall be made in respect of the Common Stock, or other series of preferred stock then in existence that is outstanding and junior to the Series A Preferred upon liquidation, an amount per share of Series A Preferred equal to the greater of: (i) the Original Issue Price, as adjusted, with respect to such share (the "LIQUIDATION VALUE"); or (ii) the amount the amount that would be receivable if the Series A Preferred had been converted into Common Stock immediately prior to such liquidation distribution, plus, in each case, accrued and unpaid dividends. For purposes of this Subsection C.1, a merger or consolidation involving the Corporation or sale of all or substantially all of the Corporation's assets shall not be deemed a Liquidating Event.
Preference on Liquidation. (a) Upon any voluntary or involuntary liquidation, dissolution or winding-up of the Corporation, holders of Series J Preferred Stock shall be entitled to be paid, out of the assets of the Corporation available for distribution to stockholders, the liquidation preference of $100.00 per share of Series J Preferred Stock, plus, without duplication, an amount in cash equal to all accrued and unpaid dividends thereon to the date fixed for liquidation, dissolution or winding-up (including an amount equal to a prorated dividend for the period from the last Dividend Payment Date, or if such event is prior to the first Dividend Payment Date, from the Closing Date, to the date fixed for liquidation, dissolution or winding-up), before any distribution is made on any Junior Stock, including, without limitation, any class of common stock of the Corporation.
AutoNDA by SimpleDocs
Preference on Liquidation. 1. In the event that the Corporation shall liquidate, dissolve or wind up, whether voluntarily or involuntarily, no distribution shall be made to the holders of shares of Common Stock or other Series C Junior Securities (and no monies shall be set apart for such purpose) unless prior thereto, the holders of shares of Series C Preferred Stock shall have received an amount per share equal to the sum of the Stated Value of the Series C Preferred Stock plus all accrued and unpaid dividends thereon through the date of distribution (the "Liquidation Preference").
Preference on Liquidation. In the event of any liquidation, dissolution or winding up of the Corporation, the holders of the Convertible Preferred Stock shall be entitled to share in any distribution of any of the assets, capital, surplus or earnings of the Corporation ratably with the holders of the Common Stock of the Corporation (after the payment in full of the liquidation preference on the Redeemable Preferred Stock), based upon the amount which such Convertible Preferred Stock would have been entitled to receive in connection with such liquidation, dissolution or winding up if such share had been converted into Common Stock at the Conversion Price (as defined in Section A.5 below) in effect on such date, together with an amount equal to all declared but unpaid dividends on the Convertible Preferred Stock as provided in Section A.1 above, if any.
Preference on Liquidation. (a) In the event of any liquidation, dissolution or winding up of the Corporation, the holders of the Redeemable Preferred Stock shall be entitled to receive in cash and prior and in preference to any distribution of any assets, capital, surplus or earnings of the Corporation to the holders of any other capital stock of the Corporation (including the Convertible Preferred Stock and the Common Stock), the amount of $1,000.00 per share for each share of Redeemable Preferred Stock then held by them (adjusted for any stock split, combination, consolidation, or stock distributions or stock dividends with respect to such shares) together with all accrued but unpaid cumulative dividends on the Redeemable Preferred Stock (the "Liquidation Preference Amount"). If the assets and funds thus distributed among the holders of the Redeemable Preferred Stock shall be insufficient to permit the payment to such holders of the full Liquidation Preference Amount then the entire assets and funds of the Corporation legally available for distribution shall be distributed ratably among the holders of the Redeemable Preferred Stock.
Time is Money Join Law Insider Premium to draft better contracts faster.