Common use of Senior Securities Clause in Contracts

Senior Securities. (a) Subject to Section 8.8(b), the Company shall maintain the senior status of the Series A Preferred such that it shall rank senior in all respects, including the payment on liquidation and redemption, to all other equity securities of the Company.

Appears in 3 contracts

Samples: Preferred Stock Purchase Agreement (Caliber Learning Network Inc), Preferred Stock Purchase Agreement (Caliber Learning Network Inc), Preferred Stock Purchase Agreement (Caliber Learning Network Inc)

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Senior Securities. (a) Subject to Section 8.8(b), the The Company shall maintain the senior status of the Series A Preferred such that it shall rank senior in all respects, including the payment on liquidation and redemption, to all other equity securities of the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Doe Run Resources Corp)

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