Common use of Ranking of Preferred Shares Clause in Contracts

Ranking of Preferred Shares. 2.1 No rights, privileges, restrictions or conditions attaching to a series of Preferred Shares shall confer upon a series a priority in respect of dividends or return of capital in the event of the liquidation, dissolution or winding-up of the Corporation over any other series of Preferred Shares. The Preferred Shares of each series shall rank on a parity with the Preferred Shares of every other series with respect to priority in the payment of dividends and the return of capital and the distribution of assets of the Corporation in the event of the liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary, or any other distribution of the assets of the Corporation among its shareholders for the purpose of winding up its affairs.

Ranking of Preferred Shares. 2.1 No rights, privileges, restrictions or conditions attaching to a series of Preferred Shares preferred shares shall confer upon a series a priority over any other series of preferred shares in respect of the payment of dividends or any distribution of assets or return of capital in the event of the liquidation, dissolution or winding-winding up of the Corporation over any other series of Preferred SharesCorporation. The Preferred Shares preferred shares of each series shall rank on a parity with the Preferred Shares preferred shares of every other series with respect to priority in the payment of dividends and dividends, the return of capital and in the distribution of assets of the Corporation in the event of the liquidation, dissolution or winding-winding up of the Corporation, whether voluntary or involuntary, or any other return of capital or distribution of the assets of the Corporation among its shareholders for the purpose of winding up its affairs.