Common use of General Matters; Ranking Clause in Contracts

General Matters; Ranking. Each share of Series A Convertible Preferred Stock shall be identical in all respects to every other share of Series A Convertible Preferred Stock. The Series A Convertible Preferred Stock, with respect to dividend rights and/or distribution rights upon the liquidation, winding-up or dissolution, as applicable, of the Corporation, shall rank (i) senior to each class or series of Junior Stock, (ii) on parity with each class or series of Parity Stock, (iii) junior to each class or series of Senior Stock and (iv) junior to the Corporation’s existing and future indebtedness and other liabilities.

Appears in 1 contract

Samples: Registration Rights Agreement (Albertsons Companies, Inc.)

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General Matters; Ranking. Each share of the Series A Convertible Preferred Stock shall be identical in all respects to every other share of the Series A Convertible Preferred Stock. The Series A Convertible Preferred StockStock shall be perpetual, with subject to the provisions of Section 5 of these Standard Provisions that form a part of the Certificate of Designations. The Series A Preferred Stock shall rank senior to the Junior Stock in respect of the right to dividend rights and/or distribution rights receive dividends and the right to receive payments or distributions out of the assets of the Corporation upon the voluntary or involuntary liquidation, winding-dissolution or winding up or dissolution, as applicable, of the Corporation, shall rank (i) senior to each class or series of Junior Stock, (ii) on parity with each class or series of Parity Stock, (iii) junior to each class or series of Senior Stock and (iv) junior to the Corporation’s existing and future indebtedness and other liabilities.

Appears in 1 contract

Samples: Warrant Agreement (General Motors Co)

General Matters; Ranking. (a) Each share of Series A Convertible Preferred Stock shall be identical in all respects to every other share of Series A Convertible Preferred Stock. The Series A Convertible Preferred Stock, with respect to dividend rights and/or distribution rights upon the liquidation, winding-up winding‑up or dissolution, as applicable, of the Corporation, shall rank (i) senior to each class or series of Junior Stock, (ii) on parity with each class or series of Parity Stock, (iii) junior to each class or series of Senior Stock Stock, and (iv) junior to the Corporation’s existing and future indebtedness and other liabilities.

Appears in 1 contract

Samples: Master Equity Agreement (INVACARE HOLDINGS Corp)

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General Matters; Ranking. Each share of Series A Convertible Preferred Stock shall be identical in all respects to every other share of Series A Convertible Preferred Stock. The Series A Convertible Preferred Stock, with respect to dividend rights and/or distribution rights upon the liquidation, winding-up winding‑up or dissolution, as applicable, of the Corporation, shall rank (i) senior to each class or series of Junior Stock, (ii) on parity with each class or series of Parity Stock, (iii) junior to each class or series of Senior Stock Stock, and (iv) junior to the Corporation’s existing and future indebtedness and other liabilities.

Appears in 1 contract

Samples: Master Equity Agreement (INVACARE HOLDINGS Corp)

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