Residual Distributions. If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.
Appears in 43 contracts
Samples: Securities Purchase Agreement, Letter Agreement, Securities Purchase Agreement (Sunshine Bancorp, Inc.)
Residual Distributions. If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer Corporation ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer Corporation shall be entitled to receive all remaining assets of the Issuer Corporation (or proceeds thereof) according to their respective rights and preferences.
Appears in 29 contracts
Samples: Agreement and Plan of Merger (First Defiance Financial Corp), Securities Purchase Agreement, Securities Purchase Agreement
Residual Distributions. If the Liquidation Preference has been paid in full to all holders of Designated Senior Preferred Stock and the corresponding amounts payable with respect of to any other stock of the Issuer ranking equally with Designated Preferred Liquidation Preference Parity Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.
Appears in 4 contracts
Samples: Securities Purchase Agreement (Bancplus Corp), Securities Purchase Agreement (Ponce Financial Group, Inc.), Letter Agreement (Broadway Financial Corp \De\)
Residual Distributions. If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of to any other stock Parity Stock of the Issuer ranking equally with the Designated Preferred Stock as to such distribution has have been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.
Appears in 2 contracts
Samples: Securities Purchase and Exchange Agreement (Gmac Inc.), Securities Purchase and Exchange Agreement
Residual Distributions. If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of to any other stock Parity Stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.
Appears in 1 contract
Samples: Ally Financial Inc.
