Common use of Remaining Assets Clause in Contracts

Remaining Assets. In the event of any Liquidation Event, after the payment or setting aside for payment to the holders of Preferred Stock of the full Liquidation Preference Amount, the entire remaining assets of the Corporation legally available for distribution shall be distributed pro rata to holders of Common Stock in proportion to the number of shares of Common Stock held by them.

Appears in 3 contracts

Samples: Stockholders Agreement, Preferred Stock Subscription Agreement, Flashseed Preferred Stock Subscription Agreement

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Remaining Assets. In the event of any Liquidation Event, after the payment or setting aside for payment to the holders of Preferred Stock of the full Liquidation Preference AmountAmount applicable to such series of Preferred Stock, the entire remaining assets of the Corporation legally available for distribution shall be distributed pro rata to holders of Common Stock in proportion to the number of shares of Common Stock held by them.

Appears in 1 contract

Samples: Series a Preferred Stock Subscription Agreement

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