Common use of In Pari Passu Clause in Contracts

In Pari Passu. Unless the context otherwise requires, the rights and preferences of the holders of Series B Preferred Stock and the holders of the Series A Preferred Stock with respect to dividends, including the payment of dividends in shares of Preferred Stock in lieu of cash, redemption, automatic conversion, and liquidation preference, shall be treated on a pari passu basis.

In Pari Passu. Unless the context otherwise requires, the rights and preferences of the holders of Series B Preferred Stock and the holders of the Series A Preferred Stock with respect to dividends, including the payment of dividends in shares of Preferred Stock in lieu of cash, redemption, automatic conversion, and liquidation preference, shall be treated on a an in pari passu basis.

In Pari Passu. Unless the context otherwise requires, the rights and preferences of the holders of Series B A Preferred Stock and the holders of the Series A B Preferred Stock with respect to dividends, including the payment of dividends in shares of Preferred Stock in lieu of cash, redemption, automatic conversion, and liquidation preference, shall be treated on a an in pari passu basis.

In Pari Passu. Unless the context otherwise requires, the rights and preferences of the holders of Series B A Preferred Stock and the holders of the Series A B Preferred Stock with respect to dividends, including the payment of dividends in shares of Preferred Stock in lieu of cash, redemption, automatic conversion, and liquidation preference, shall be treated on a pari passu basis.