Common use of Class Rights or Restrictions Clause in Contracts

Class Rights or Restrictions. (1) Holders of Preferred Shares will be entitled to preference with respect to payment of dividends over the Common Shares and any other shares ranking junior to the Preferred Shares with respect to payment of dividends.

Appears in 2 contracts

Samples: Arrangement Agreement (Bausch Health Companies Inc.), Arrangement Agreement (Bausch & Lomb Corp)

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Class Rights or Restrictions. (1a) Holders of Preferred Shares shares will be entitled to preference with respect to payment of dividends over the Common Shares, the Proportionate Voting Shares and any other shares ranking junior to the Preferred Shares shares with respect to payment of dividends.

Appears in 2 contracts

Samples: Transaction Agreement (Columbia Care Inc.), Transaction Agreement

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Class Rights or Restrictions. (1) 28.5 Holders of Preferred Shares will be entitled to preference with respect to payment of dividends over the Common Shares and any other shares ranking junior to the Preferred Shares with respect to payment of dividends.

Appears in 1 contract

Samples: Subscription Agreement (Forbion European Acquisition Corp.)

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