Examples of Junior Stock in a sentence
The Series B Preferred Shares (inclusive of any and all Dividends thereon) shall rank (i) senior to the Junior Stock, (ii) on parity with all Parity Stock and (iii) junior to all Senior Stock, in priority of payment and in any liquidation, winding up or dissolution of the Company.
So long as any Series B Preferred Shares are outstanding, no dividends or distributions on, or purchases or redemptions of, Junior Stock shall be paid, declared or made, except as permitted under this Certificate of Designation.
In the event of any Liquidation Event of the Company and subject to the rights of any holders of Parity Stock, the Holders shall be entitled to be paid out of the assets of the Company available for distribution to its stockholders, before any payment shall be made to the holders of Junior Stock by reason of their ownership thereof, an amount per share equal to the Liquidation Preference.
The Designated Preferred Stock shall rank equally with Parity Stock and shall rank senior to Junior Stock with respect to the payment of dividends and the distribution of assets in the event of any dissolution, liquidation or winding up of the Corporation.