Common use of Distributions on Junior Securities Clause in Contracts

Distributions on Junior Securities. Subject to the conditions described in Sections 2.3(e) and 2.3(f) of this Series A Preferred Share Designation, and not otherwise, distributions (payable in cash, shares, or otherwise), as may be determined by the Board of Directors, may be declared and paid on the Common Shares and any other Junior Securities from time to time out of any funds legally available for such payment, and the Series A Holders will not be entitled to participate in those distributions.

Distributions on Junior Securities. Subject to the conditions described in Sections 2.3(e) and 2.3(f) of this Series A B Preferred Share Designation, and not otherwise, distributions (payable in cash, shares, or otherwise), as may be determined by the Board of Directors, may be declared and paid on the Common Shares and any other Junior Securities from time to time out of any funds legally available for such payment, and the Series A B Holders will not be entitled to participate in those distributions.

Distributions on Junior Securities. Subject to the conditions described in Sections 2.3(e) and 2.3(f) of this Series A C Preferred Share Designation, and not otherwise, distributions (payable in cash, shares, or otherwise), as may be determined by the Board of Directors, may be declared and paid on the Common Shares and any other Junior Securities from time to time out of any funds legally available for such payment, and the Series A C Holders will not be entitled to participate in those distributions.