Liquidation Preference definition
Examples of Liquidation Preference in a sentence
In any Liquidation Event, subject to Applicable Law, holders of Series A CCPS shall, pari passu with the holders of Series B CCPS, Series B1 CCPS, Series C CCPS, Series C1 CCPS, Series C2 CCPS, Series D CCPS and Series E CCPS, have a preference over the other shareholders of the Company, as provided in Clause 10 (Liquidation Preference).
If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Corporation ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Corporation shall be entitled to receive all remaining assets of the Corporation (or proceeds thereof) according to their respective rights and preferences.
In any Liquidation Event, subject to Applicable Law, holders of Series B CCPS shall pari passu with the holders of Series A CCPS, Series B1 CCPS, Series C CCPS, Series C1 CCPS, Series C2 CCPS, Series D CCPS and Series E CCPS have a preference over the other shareholders of the Company, as provided in Clause 10 (Liquidation Preference).