Common use of Residual Distributions Clause in Contracts

Residual Distributions. If the Liquidation Preference has been paid in full to all holders of Series A Preferred Stock and the applicable liquidation preference has been paid to all holders of any Parity Stock, the holders of Junior Stock shall be entitled to receive all remaining assets of the Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Knight Inc.

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Residual Distributions. If the Liquidation Preference liquidation preference plus any dividends which have been declared but not yet paid has been paid in full to all holders of Series A Preferred Stock and the applicable liquidation preference has been paid to all holders of any Parity Stock, the holders of Junior Stock shall be entitled to receive all remaining assets of the Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Purchase Agreement (Flagstar Bancorp Inc)

Residual Distributions. If the Liquidation Preference liquidation preference plus any declared and unpaid dividends has been paid in full to all holders of Series A D Preferred Stock and the applicable liquidation preference has been paid to all holders of any Parity Stock, the holders of Junior Stock shall be entitled to receive all remaining assets of the Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Deposit Agreement (Northern Trust Corp)

Residual Distributions. If the Liquidation Preference liquidation preference plus any declared and unpaid dividends has been paid in full to all holders of Series A Preferred Stock and the applicable liquidation preference has been paid to all holders of any Parity Stock ranking equally as to such distribution with the Series A Preferred Stock, the holders of Junior Stock shall be entitled to receive all remaining assets of the Corporation Company according to their respective rights and preferences.

Appears in 1 contract

Samples: Private Placement Subscription Agreement (BankGuam Holding Co)

Residual Distributions. If the Liquidation Preference liquidation preference (including any Unpaid Series C Dividends) has been paid in full to all holders of Series A C Preferred Stock and the applicable liquidation preference has been paid to all holders of any Parity Stock, the holders of Junior Stock shall be entitled to receive all remaining assets of the Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Term Loan Agreement (Hall of Fame Resort & Entertainment Co)

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Residual Distributions. If the Liquidation Preference liquidation preference plus any declared and unpaid dividends has been paid in full to all holders of Series A C Preferred Stock and the applicable liquidation preference has been paid to all holders of any Parity Stock, the holders of Junior Stock shall be entitled to receive all remaining assets of the Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Deposit Agreement (Northern Trust Corp)

Residual Distributions. If the Liquidation Preference liquidation preference plus any authorized, declared and unpaid dividends has been paid in full to all holders of Series A C Preferred Stock and the applicable liquidation preference has been paid to all holders of any Parity Stock, the holders of Junior Stock shall be entitled to receive all remaining assets of the Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Shareholder Agreement (Banco Santander, S.A.)

Residual Distributions. If the Liquidation Preference liquidation preference plus any declared and unpaid dividends has been paid in full to all holders of Series A E Preferred Stock and the applicable liquidation preference has been paid to all holders of any Parity Stock, the holders of Junior Stock shall be entitled to receive all remaining assets of the Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Deposit Agreement (Northern Trust Corp)

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