Ratable Distribution. If upon any liquidation, dissolution or winding up of the Corporation, the net assets of the Corporation to be distributed among the Holders shall be insufficient to permit payment in full to the Holders, then all remaining net assets of the Corporation after the provision for the payment of the Corporation's debts and distribution to any stockholders senior to the Holders in liquidation preferences shall be distributed ratably in proportion to the full amounts to which they would otherwise be entitled to receive among the Holders.
Appears in 2 contracts
Samples: Settlement and Release Agreement (Tangible Asset Galleries Inc), Settlement and Release Agreement (Tangible Asset Galleries Inc)
Ratable Distribution. If upon any liquidation, dissolution or winding up of the Corporation, the net assets of the Corporation to be distributed among the Holders shall be insufficient to permit payment in full to the HoldersHolders of such Series C Preferred Stock, then all remaining net assets of the Corporation after the provision for the payment of the Corporation's ’s debts and distribution to any stockholders senior to the Holders in liquidation preferences shall be distributed ratably in proportion to the full amounts to which they would otherwise be entitled to receive among the Holders.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (Health Systems Solutions Inc), Preferred Stock Purchase Agreement (Forefront Holdings, Inc.)
Ratable Distribution. If upon any liquidation, dissolution or winding up of the Corporation, the net assets of the Corporation to be distributed among the Holders and the Series B Holders shall be insufficient to permit payment in full to the Holderssuch holders, then all remaining net assets of the Corporation after the provision for the payment of the Corporation's debts and distribution to any senior stockholders senior to the Holders in liquidation preferences shall be distributed ratably in proportion to the full amounts to which they would otherwise be entitled to receive among such holders of the HoldersSeries B Preferred Stock and Series D Preferred Stock.
Appears in 2 contracts
Samples: Registration Rights Agreement (Tangible Asset Galleries Inc), Liquidation Preferences Agreement (Tangible Asset Galleries Inc)
Ratable Distribution. If upon any liquidation, dissolution or winding up of the Corporation, the net assets of the Corporation to be distributed among the Holders shall be insufficient to permit payment in full to the HoldersHolders of such Series B Preferred Stock, then all remaining net assets of the Corporation after the provision for the payment of the Corporation's ’s debts and distribution to any stockholders senior to the Holders in liquidation preferences shall be distributed ratably in proportion to the full amounts to which they would otherwise be entitled to receive among the Holders.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (Datrek Miller International, Inc.), Preferred Stock Purchase Agreement (Datrek Miller International, Inc.)
Ratable Distribution. If upon any liquidation, dissolution or winding up of the Corporation, the net assets of the Corporation to be distributed among the Holders shall be insufficient to permit payment in full to the HoldersHolders of such Series B Preferred Stock, then all remaining net assets of the Corporation after the provision for the payment of the Corporation's debts and distribution to any senior stockholders senior to the Holders in liquidation preferences shall be distributed ratably in proportion to the full amounts to which they would otherwise be entitled to receive among the Holders.
Appears in 2 contracts
Samples: Settlement and Release Agreement (Tangible Asset Galleries Inc), Settlement and Release Agreement (Tangible Asset Galleries Inc)
Ratable Distribution. If upon any liquidation, dissolution or winding up of the Corporation, the net assets of the Corporation to be distributed among the Holders shall be insufficient to permit payment in full to the HoldersHolders of such Series D Preferred Stock, then all remaining net assets of the Corporation after the provision for the payment of the Corporation's ’s debts and distribution to any stockholders senior to the Holders in liquidation preferences shall be distributed ratably in proportion to the full amounts to which they would otherwise be entitled to receive among the Holders.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Health Systems Solutions Inc)
Ratable Distribution. If upon any liquidation, dissolution or winding up of the Corporation, the net assets of the Corporation to be distributed among the Holders shall be insufficient to permit payment in full to the HoldersHolders of such Series D Preferred Stock, then all remaining net assets of the Corporation after the provision for the payment of the Corporation's debts and distribution to any stockholders senior to the Holders in liquidation preferences shall be distributed ratably in proportion to the full amounts to which they would otherwise be entitled to receive among the HoldersHolders and the Holders of the Parity Stock.
Appears in 1 contract
