Liquidation; Redemption. Holders of Common Stock of the Company are entitled upon liquidation of the Company to share ratably in the net assets available for distribution, subject to the rights, if any of holders of any preferred stock of the Company then outstanding. Shares of Common Stock of the Company are not redeemable and have no preemptive or similar rights. All outstanding shares of Common Stock of the Company are fully paid and nonassessable.
Appears in 11 contracts
Samples: Securities Purchase Agreement (VDC Communications Inc), Securities Purchase Agreement (VDC Communications Inc), Securities Purchase Agreement (VDC Communications Inc)
Liquidation; Redemption. Holders of Common Stock of the Company are entitled upon liquidation of the Company to share ratably in the net assets available for distribution, subject to the rights, if any of holders of any preferred stock of the Company then outstanding. Shares of Common Stock of the Company are not redeemable and have no preemptive or similar rights. All outstanding shares of Common Stock common stock of the Company are fully paid and nonassessable.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Silver King Resources Inc), Securities Purchase Agreement (Silver King Resources Inc), Securities Purchase Agreement (Moran Frederick W)
Liquidation; Redemption. Holders of Common Stock of the Company are entitled upon liquidation of the Company to share ratably in the net assets available for distribution, subject to the rights, if any any, of holders of any preferred stock of the Company then outstanding. Shares of Common Stock of the Company are not redeemable and have no preemptive or similar rights. All outstanding shares of Common Stock common stock of the Company are fully paid and nonassessable.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Cytomedix Inc), Securities Purchase Agreement (Cytomedix Inc)
Liquidation; Redemption. Holders of Common Stock of ------------------------- the Company are entitled upon liquidation of the Company to share ratably in the net assets available for distribution, subject to the rights, if any of holders of any preferred stock of the Company then outstanding. Shares of Common Stock of the Company are not redeemable and have no preemptive or similar rights. All outstanding shares of Common Stock of the Company are fully paid and nonassessable.
Appears in 1 contract
Samples: Securities Purchase Agreement (VDC Communications Inc)
