Common use of RANKING OF EXCHANGEABLE SHARES Clause in Contracts

RANKING OF EXCHANGEABLE SHARES. 2.1 The Exchangeable Shares shall rank senior to the Common Shares and any other shares ranking junior to the Exchangeable Shares, with respect to the payment of dividends and the distribution of assets in the event of the liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary, or any other distribution of the assets of the Corporation among its shareholders for the purpose of winding up its affairs.

Appears in 2 contracts

Samples: Stock Purchase Agreement (3-D Geophysical Inc), Sonic Environmental Systems Inc

AutoNDA by SimpleDocs

RANKING OF EXCHANGEABLE SHARES. 2.1 The Exchangeable Shares shall rank senior to the Common Shares and any other shares ranking junior to the Exchangeable Shares, with respect to the payment of dividends and the distribution of assets in the event of the liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary, or any other distribution of the assets of the Corporation among its shareholders for the purpose of winding winding-up its affairs.

Appears in 1 contract

Samples: The Combination Agreement (Applied Cellular Technology Inc)

AutoNDA by SimpleDocs

RANKING OF EXCHANGEABLE SHARES. 2.1 The Exchangeable Shares shall rank senior to the Common Shares and any other shares ranking junior to the Exchangeable Shares, with respect to the payment of dividends and the distribution of assets in the event of the liquidation, dissolution or winding-up of the CorporationCompany, whether voluntary or involuntary, or any other distribution of the assets of the Corporation Company among its shareholders for the purpose of winding up its affairs.

Appears in 1 contract

Samples: Broadcom Corp

Time is Money Join Law Insider Premium to draft better contracts faster.