Common use of Senior Securities Clause in Contracts

Senior Securities. The Senior Securities have been duly and validly authorized, and, when executed and delivered pursuant to this Agreement, such Senior Securities will be duly and validly issued, will not be issued in violation of any preemptive rights, and will rank senior to the Common Stock and all other series or classes of capital stock, whether or not designated, issued or outstanding, with respect to the payment of interest, dividends and other distributions and the distribution of assets in the event of any dissolution, liquidation or winding up of the Company.

Senior Securities. The Senior Securities have been duly and validly authorized, and, when executed and delivered pursuant to this Agreement, such Senior Securities will be duly and validly issued, will not be issued in violation of any preemptive rights, and will rank senior to the Common Stock and all other series or classes of capital stockCapital Interests, whether or not designated, issued or outstanding, with respect to the payment of interest, dividends and other distributions and the distribution of assets in the event of any dissolution, liquidation or winding up of the Company.

Senior Securities. The Senior Securities have been duly and validly authorized, and, when executed and delivered pursuant to this Agreement, such Senior Securities will be duly and validly issued, will not be issued in violation of any preemptive rights, and will rank senior to the Common Stock and all other series or classes of capital stockCapital Interests, whether or not designated, issued or outstanding, with respect to the payment of interest, interest or dividends and other distributions and the distribution of assets in the event of any dissolution, liquidation or winding up of the Company.