Preferential Amounts Sample Clauses

Preferential Amounts. In the event of any liquidation, dissolution, or winding up of the Corporation (a "Liquidation Event"), either voluntarily or involuntarily, the holders of the Series B Preferred shall be entitled to receive, prior and in preference to any payment or distribution to the holders of common stock or any other shares of capital stock ranking junior as to liquidation, dissolution, or winding up to the Series B Preferred, an amount equal to $0 per share plus the amount of any dividend declared but then unpaid with respect to the Series B Preferred, if any (the "Initial Payment"). After the Initial Payment and the payment of any other distribution that may be required with respect to any other series of Preferred Stock that may from time to time come into existence, holders of Series B Preferred, holders of other series of Preferred Stock, and the holders of Common Stock shall participate ratably (assuming conversion of all Preferred Stock into Common Stock).

Preferential Amounts. In the event (each a "Liquidation Event") of any

Preferential Amounts. In the event of any liquidation, dissolution or winding up of the Corporation, either voluntary or involuntary (a “Liquidation Event”), the holders of Series A Preferred shall be entitled to receive in cash, prior and in preference to any distribution to the holders of Series B Preferred, Series C Preferred or any other series of Preferred Stock that may come into existence and Common Stock by reason of their ownership thereof, an amount per share equal to the sum of (i) the Original Series A Issue Price for each outstanding share of Series A Preferred Stock, and (ii) the Original Series A Issue Price for each share of Series A Preferred that is deemed to have been issued as an accrued and unpaid dividend on such share pursuant to Article III, C.1. hereof to and including the date of the Liquidation Event. After payment of such sum to the holders of Series A Preferred, the holders of Series B Preferred shall be entitled to receive in cash, prior and in preference to any distribution to the holders of Series C Preferred or any other series of Preferred Stock that may come into existence and Common Stock by reason of their ownership thereof, an amount per share equal to the sum of: (i) $1.00 for each outstanding share of Series B Preferred (the “Original Series B Issue Price”); (ii) an amount equal to any accrued but unpaid dividends on each such share to and including the date of the Liquidation Event; and (iii) a premium on each share in such amount as will, after taking into account all dividends theretofore paid with respect to a share of Series B Preferred, equal thirty percent (30%) per annum (accrued and compounded on an annual basis from the date of the original issuance of such share of Series B Preferred) of the Original Series B Issue Price. After payment of such sum to the holders of Series A Preferred and Series B Preferred, the holders of Series C Preferred shall be entitled to receive in cash, prior and in preference to any distribution to the holders of Common Stock by reason of their ownership thereof, an amount per share equal to $1.00 for each outstanding share of Series C Preferred (the “Original Series C Issue Price”) and no more. If upon the occurrence of such Liquidation Event, the assets and funds thus distributed among the holders of the Series A Preferred, and Series B Preferred and Series C Preferred shall be insufficient to permit the payment to such holders of the full aforesaid preferential amounts, then the entire remaining ass...