Share ranking Sample Clauses
The Share Ranking clause establishes the order of priority or hierarchy among different classes or series of shares within a company. In practice, this clause specifies which shares have precedence in receiving dividends, voting rights, or distributions upon liquidation, often distinguishing between ordinary and preferred shares. Its core function is to ensure clarity and prevent disputes by clearly defining the rights and entitlements associated with each type of share, thereby allocating financial and control interests among shareholders.
Share ranking. All Shares issued under the Plan will rank equally in all respects with the Shares of the same class for the time being on issue except as regards any rights attaching to such Shares by reference to a record date prior to the date of their issue.
Share ranking. Any Shares issued to the Lender (or other holder of a Warrant) by the Borrower as a result of the exercise of a Warrant will rank pari passu in all respects with all other Shares. Shares issued upon the exercise of Warrants will only carry an entitlement to receive a dividend if they were issued before the record date for that dividend.
Share ranking. Any Shares issued to a Holder by the Parent as a result of the exercise of a Call Option will rank pari passu in all respects with all other Shares. Shares issued upon the exercise of Call Options will only carry an entitlement to receive a dividend if they were issued before the record date for that dividend.