Common use of Further Participation Clause in Contracts

Further Participation. After payment to the holders of the Series B Preferred Shares as aforesaid, such holders shall not have the right to any further participation in the distribution of the property or assets of the Corporation.

Appears in 2 contracts

Samples: Purchase Agreement (Saxon Petroleum Inc), Purchase Agreement (Forest Oil Corp)

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Further Participation. After payment to the holders of the Series B Convertible Preferred Shares Series A as aforesaid, such holders shall not have the right to any further participation in the distribution of the property or assets of the Corporation.

Appears in 2 contracts

Samples: Purchase Agreement (Saxon Petroleum Inc), Purchase Agreement (Forest Oil Corp)

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