Examples of Priority Distributions in a sentence
The foregoing contact provision establishes the fact that the Plaintiffs knew from the outset that the Defendants had the contractual right to change ownership “without any restrictions.” This notice, then, creates a genuine issue of fact on whether the change of control in this case was a material event to the franchise system.
After the holders of the Class B Common Shares have received an amount equal to the Liquidation Preference plus any accumulated and unpaid Priority Distributions (whether or not declared) on the Class B Common Shares to the date of distribution, the holders of the Priority Common Shares shall share ratably with the holders of the Class B Common Shares in the assets of the Company.
In the event of any liquidation, dissolution or winding up of the Company, whether voluntary or involuntary, during the Priority Period, the holders of the Priority Common Shares shall be entitled to receive, prior to any liquidating payments to the holders of the Class B Common Shares, $6.00 per Priority Common Share (the “Liquidation Preference”), plus any accumulated and unpaid Priority Distributions (whether or not declared) on the Priority Common Shares to the date of distribution.
Priority Distributions (November 2008 COM at 0227765–66; February 2009 COM at 27–28; November 2009 COM at CAP 0325599.) The COMs do not specify what percentage of the Fund’s operating cash flows would be dedicated to paying expenses on the real estate acquired from Hennessey or interest payments to its existing investors.
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