Common use of Certain Restrictions on Liquidation Payments Clause in Contracts

Certain Restrictions on Liquidation Payments. In the event of any voluntary or involuntary liquidation, dissolution or winding-up of the Company other than in connection with the exchange of all series of Preferred Securities outstanding (in accordance with the Preferred Securities Designation for each such series of Preferred Securities) for the CellNet Common Stock, Preferred Members holding Preferred Securities of each series at the time outstanding will be entitled to receive out of the assets of the Company legally available for distribution to Members, before any distribution of assets is made to the Common Member or Members holding any other class of Interests in the Company ranking junior to the Preferred Securities of such series as to the distribution of assets upon liquidation, dissolution or winding-up of the Company, but together with Preferred Members holding Preferred Securities of any other series or any other Interests in the Company then outstanding ranking pari passu with the Preferred Securities of such series as to the distribution of assets upon liquidation, dissolution or winding-up of the Company ("Company Liquidation Parity Securities"), an amount equal to the aggregate liquidation preference for Preferred Securities of such series as set forth in the applicable Preferred Securities Designation plus all accumulated and unpaid dividends (whether or not earned or declared), to the date of payment (the "Liquidation Distribution"). If, upon any such liquidation, dissolution or winding-up, the Liquidation Distributions can be paid only in part because the Company has insufficient assets available to pay in full the aggregate Liquidation Distributions and the aggregate maximum liquidation distributions on the Company Liquidation Parity Securities, then the amounts payable by the Company on the Preferred Securities of such series and on such Company Liquidation Parity Securities shall be paid on a pro rata basis, so that the ratio of (i) (x) the aggregate amount paid as Liquidation Distributions on the Preferred Securities of such series to (y) the aggregate amount paid as Liquidation Distributions on the Company Liquidation Parity Securities, is the same as the ratio of (ii) (x) the aggregate Liquidation Distributions on the Preferred Securities of such series to (y) the aggregate Liquidation Distributions on the Company Liquidation Parity Securities.

Certain Restrictions on Liquidation Payments. In the event of any voluntary or involuntary liquidation, dissolution or winding-up of the Company other than in connection with the exchange of all series of Preferred Securities outstanding (in accordance with the Preferred Securities Designation for each such series of Preferred Securities) for the CellNet Common StockCompany, Preferred Members holding Preferred Securities of each series outstanding at the such time outstanding will be entitled to receive out of the assets of the Company legally available for distribution to Members, before any distribution of assets is made to the Common Member Members or Members holding any other class of Interests in the Company ranking junior to the Preferred Securities of such series as with respect to the distribution of participation in assets upon liquidation, dissolution or winding-up of the Company, but together with Preferred Members holding Preferred Securities of any other series or any other Interests in the Company then outstanding ranking pari passu with the Preferred Securities of such series as with respect to participation in the distribution of assets upon liquidation, dissolution or winding-up of the Company (any such securities, "Company Liquidation Parity Securities"), an amount equal equal, in the case of Members holding Preferred Securities of such series, to the aggregate liquidation preference Principal Amount for Preferred Securities of such series as set forth in the applicable Preferred Securities Designation plus Written Actions taken by the Managing Members and all accumulated and unpaid dividends (whether or not earned or declared), ) to the date of payment (the "Liquidation Distribution"). If, upon any such liquidation, dissolution or winding-up, the Liquidation Distributions can be paid only in part because the Company has insufficient assets available to pay in full the aggregate Liquidation Distributions and the aggregate maximum liquidation distributions on the all Company Liquidation Parity Securities, then the amounts payable directly by the Company on the Preferred Securities of such series and on such Company Liquidation Parity Securities shall be paid on a pro rata basis, so that the ratio of (i) (x) the aggregate amount paid as Liquidation Distributions on the Preferred Securities of such series to (y) the aggregate amount paid as Liquidation Distributions liquidation distributions on the Company Liquidation Parity Securities, Securities is the same as the ratio of (ii) (x) the aggregate Liquidation Distributions on the Preferred Securities of such series to (y) the aggregate Liquidation Distributions maximum liquidation distributions on the Company Liquidation Parity Securities.

Certain Restrictions on Liquidation Payments. In the event of any voluntary or involuntary liquidation, dissolution or winding-up of the Company other than in connection with the exchange of all series of Preferred Securities outstanding (in accordance with the Preferred Securities Designation for each such series of Preferred Securities) for the CellNet ICG Common Stock, Preferred Members holding Preferred Securities of each series at the time outstanding will be entitled to receive out of the assets of the Company legally available for distribution to Members, before any distribution of assets is made to the Common Member or Members holding any other class of Interests in the Company ranking junior to the Preferred Securities of such series as to the distribution of assets upon liquidation, dissolution or winding-up of the Company, but together with Preferred Members holding Preferred Securities of any other series or any other Interests in the Company then outstanding ranking pari passu with the Preferred Securities of such series as to the distribution of assets upon liquidation, dissolution or winding-up of the Company ("Company Liquidation Parity Securities"), an amount equal to the aggregate liquidation preference for Preferred Securities of such series as set forth in the applicable Preferred Securities Designation plus all accumulated and unpaid dividends (whether or not earned or declared), to the date of payment (the "Liquidation Distribution"). If, upon any such liquidation, dissolution or winding-up, the Liquidation Distributions can be paid only in part because the Company has insufficient assets available to pay in full the aggregate Liquidation Distributions and the aggregate maximum liquidation distributions on the Company Liquidation Parity Securities, then the amounts payable by the Company on the Preferred Securities of such series and on such Company Liquidation Parity Securities shall be paid on a pro rata basis, so that the ratio of (i) (x) the aggregate amount paid as Liquidation Distributions on the Preferred Securities of such series to (y) the aggregate amount paid as Liquidation Distributions on the Company Liquidation Parity Securities, is the same as the ratio of of (ii) (x) the aggregate Liquidation Distributions on the Preferred Securities of such series to (y) the aggregate maximum Liquidation Distributions on the Company Liquidation Parity Securities.