Preference with Respect to Dividends. Each holder of Preferred Stock shall, prior to the payment of any dividend or distribution in respect of the Common Stock or any other class of capital stock of the Company ranking junior to the Preferred Stock, be entitled to be paid in full the dividends and distributions payable in respect of the Preferred Stock.
Appears in 2 contracts
Samples: Equity Purchase and Commitment Agreement (Highland Capital Management Lp), Equity Purchase and Commitment Agreement (Delphi Corp)
Preference with Respect to Dividends. Each holder of Preferred Stock Holder shall, prior to the payment of any dividend or distribution in respect of the Common Stock or any other class of capital stock of the Company ranking junior to the Preferred Junior Stock, be entitled to be paid in full the dividends and distributions payable in respect of the Preferred Stock.
Appears in 2 contracts
Samples: Equity Purchase and Commitment Agreement (Delphi Corp), Equity Purchase and Commitment Agreement (Delphi Corp)
Preference with Respect to Dividends. Each holder of Preferred Stock Holder shall, prior to the payment of any dividend or distribution in respect of the Common Stock or any other class of capital stock of the Company ranking junior to the Preferred Stock, be entitled to be paid in full the dividends and distributions payable in respect of the Preferred Stock.
Appears in 1 contract
Samples: Equity Purchase and Commitment Agreement (Delphi Corp)
