Preference on Liquidation. Upon dissolution of the Partnership, the Series A Preferred Interests shall have the priority established in Section 6.2 of the Agreement and shall be pari passu with the Series B, C, D and E Preferred Interests and any other series that ranks pari passu with the Series A Preferred Interests.
Preference on Liquidation. (a) Upon the liquidation or dissolution of the Company ("Liquidation Event"), the holders of Series A Preferred Stock shall be entitled to receive out of the Company's assets, for each share of Series A Preferred Stock outstanding at the time thereof, distributions in the amount of $0.31755 (subject to adjustment from time to time as a result of a stock split, stock combination or any other similar event affecting the outstanding number of shares of Series A Preferred Stock) (as adjusted from time to time, the "Original Issue Price") plus an amount equal to all accumulated but unpaid dividends thereon, whether or not declared (the Original Issue Price together with such dividends, the "Liquidation Preference").
Preference on Liquidation. In the event of any liquidation, dissolution or winding up of the Company, the holders of Series A-1 Preferred Stock and the Series A-2 Preferred Stock will be entitled to receive, on pari passu basis with one another and prior to any distributions made to the holders of Common Stock or any other junior equity security, (a) in the case of the Series A-1 Preferred Stock, an amount equal to $1.25 per share (as adjusted for stock splits and the like) plus all declared but unpaid dividends on such shares and (b) in the case of the Series A-2 Preferred Stock, an amount equal to $1.75 per share (as adjusted for stock splits and the like) plus all declared but unpaid dividends on such shares (collectively, the “Preferential Amounts”). After payment of each of the respective Preferential Amounts to the holders of Series A Preferred, the holders of Series A Preferred and the Common Stock will be entitled to receive the remaining assets or property of the Company on an as converted basis until each holder of Series A Preferred has received an aggregate of seven (7) times its respective Preferential Amount. Thereafter, any remaining assets or property of the Company shall be distributed pro-rata among the holders of the Common Stock. In the event the assets of the Company are insufficient to pay the full Preferential Amounts to all holders of Series A Preferred, the assets of the Company shall be distributed ratably among such holders in proportion to the product of the liquidation preference for each such share and the number of shares owned by such holder. Merger, Consolidation A merger, other corporate reorganization, sale Of control, or any transaction in which all or substantially all of the assets of the Company are sold (other than a merger into a wholly owned subsidiary) (a “Liquidating Merger”) will be treated as a liquidation for purposes of the Series A Preferred liquidation preference. Registration Rights Commencing upon the earlier to occur of (a) four (4) years from -the date of the closing of the sale of the Series A-1 Preferred ‘Stock or (b) six (6) months after the Initial Public Offering (as defined below), the holders of Registrable Securities (Common Stock issued or issuable upon conversion of the Series A Preferred) will have the right to demand two (2) registrations, each such demand being at the request of the holders of at least twenty percent (20%) of the then outstanding Registrable Securities. Holders of at least 1,000,000 shares of such se...
Preference on Liquidation. (1) In the event of any liquidation, dissolution or winding up of the corporation, the holders of Series C Convertible Preferred Stock then outstanding shall be entitled to be paid out of the assets of this corporation available for distribution to its stockholders PARI PASSU with all other series or shares of preferred stock, whether from capital, surplus or earnings, before any payment shall be made in respect of the corporation's Common Shares or junior stock, an amount equal to Ten Dollars ($10.00) per share. If, upon liquidation, dissolution or winding up of this corporation, the assets of the corporation available for the distribution to its shareholders shall be insufficient to pay the holders of the Series C Convertible Preferred Stock an amount equal to Ten Dollars ($10.00) per share, the holders of the Series C Convertible Preferred Stock shall share ratably in any distribution of assets according to the respective amounts which would be payable in respect of the shares held by them upon such distribution if all amounts payable on or with respect to said shares were paid in full. After the holders of Series C Convertible Preferred Stock have received an amount equal to Ten Dollars ($10.00) per share the assets then remaining shall be distributed equally per share to the holders of Common Shares and junior stock.
Preference on Liquidation. On a liquidation of Air NZ each Convertible Preference Share shall confer on the holder the right to repayment of the Issue Price and to payment of any accrued but unpaid dividend up to the date of the commencement of the liquidation in priority to all amounts payable in a liquidation of Air NZ on or in respect of Ordinary Shares but shall not confer on the holder any further right to participate in the profits or assets of Air NZ.
Preference on Liquidation. (a) In the event of any liquidation, dissolution or winding up of the Corporation, distributions to the stockholders of the Corporation shall be made in the following manner:
Preference on Liquidation. In the event of any voluntary or involuntary liquidation, dissolution or winding-up of the Company, before any payment or distribution of the assets of the Company (whether capital or surplus), or proceeds thereof, shall be made to or set apart for the holders of the Common Units, the holders of the Preferred Units shall be entitled to receive payment of the amount of the investment evidenced by each of the Preferred Units held by them, plus an amount in cash equal to the accrued and unpaid preferred return thereon. After payment of the full amount of this liquidation preference to which the holders of the Preferred Units are entitled, such holders will not be entitled to any further participation in any distribution of assets of the Company. For the purposes of this paragraph, neither the merger nor the consolidation of the Company into or with another limited liability company or a corporation or the merger or consolidation of any other limited liability company or a corporation into or with the Company or the sale, transfer or other disposition of all or substantially all the assets of the Company, shall be deemed to be a voluntary or involuntary liquidation, dissolution or winding-up of the Company.
Preference on Liquidation. (a) In the event that the Corporation shall be liquidated, dissolved or wound up, whether voluntarily or involuntarily, after all creditors of the Corporation shall have been paid in full, the holders of the Series A Preferred Stock shall be entitled to receive, out of the assets of the Corporation legally available for distribution to its stockholders, whether from capital, surplus or earnings, before any amount shall be paid to the holders of any shares of Common Stock, an amount equal to $5.00 in cash per share plus an amount equal to any dividends accrued and unpaid thereon to the date of final distribution, and no more. If upon any liquidation, dissolution or winding up of the Corporation, the net assets of the Corporation shall be insufficient to pay the holders of all outstanding shares of Series A Preferred Stock the full amounts to which they respectively shall be entitled, such assets, or the proceeds thereof, shall be distributed ratably among the holders of the Series A Preferred Stock. Holders of Series A Preferred Stock shall not be entitled, upon the liquidation, dissolution or winding up of the Corporation, to receive any amounts with respect to such stock other than the amounts referred to in this paragraph 3(a).
Preference on Liquidation. (a) Upon any voluntary or involuntary liquidation, dissolution or winding-up of the Corporation, holders of Series J Preferred Stock shall be entitled to be paid, out of the assets of the Corporation available for distribution to stockholders, the liquidation preference of $100.00 per share of Series J Preferred Stock, plus, without duplication, an amount in cash equal to all accrued and unpaid dividends thereon to the date fixed for liquidation, dissolution or winding-up (including an amount equal to a prorated dividend for the period from the last Dividend Payment Date, or if such event is prior to the first Dividend Payment Date, from the Closing Date, to the date fixed for liquidation, dissolution or winding-up), before any distribution is made on any Junior Stock, including, without limitation, any class of common stock of the Corporation.
Preference on Liquidation. In the event of any liquidation, dissolution or winding up of the Corporation, the holders of Series C Preferred Stock then outstanding shall be entitled to a preference of Stated Value and accrued dividends payable out of the assets of the Company available for distribution, subordinated to the Preferred Shares previously issued but superior to the Company’s Common Stock.
