After the Recapitalization Sample Clauses
The 'After the Recapitalization' clause defines the rights, obligations, or changes that take effect following a company's recapitalization event. Typically, this clause outlines how ownership interests, voting rights, or financial arrangements are adjusted once the recapitalization is completed, such as converting preferred shares to common shares or altering board composition. Its core function is to ensure all parties understand the post-recapitalization structure and to provide clarity on how the transaction impacts existing agreements or stakeholder positions.
After the Recapitalization. Subsequent to the consummation of the Recapitalization, the holders of the outstanding shares of Series C Preferred Stock shall be entitled to receive out of the assets of the Corporation, whether such assets are capital or surplus of any nature, an amount per share equal to the sum of (i) the dividends, if any, accumulated or deemed to have accumulated thereon to the date of final distribution to such holders, whether or not such dividends are declared; and (ii) the Post-Recapitalization Stated Value thereof, before any payment shall be made or any assets distributed to the holders of any Junior Liquidation Securities. After any such payment in full after the consummation of the Recapitalization, the holders of Series C Preferred Stock shall not, as such, be entitled to any further participation in any distribution of assets of the Corporation.