Relative Seniority. In respect of rights to receive dividends and to participate in distributions or payments in the event of any liquidation, dissolution or winding up of the Corporation, the Series A Preferred shall rank senior to the Common Stock and any other stock of the Corporation ranking, as to dividends and upon liquidation, junior to the Series A Preferred (collectively, for purposes of the terms of the Series A Preferred, “Junior Stock”).
Appears in 2 contracts
Samples: Rights Agreement (Vestin Realty Trust I, Inc), Rights Agreement (Vestin Realty Trust II, Inc)
Relative Seniority. In respect of rights to receive dividends and to participate in distributions or payments in the event of any liquidationLiquidation, dissolution or winding up of the CorporationTrust, the Series A Preferred Shares shall rank senior to the Common Stock Shares and any other stock class or series of shares of beneficial interest of the Corporation Trust ranking, as to dividends and upon liquidationLiquidation, junior to the Series A Preferred Shares (collectively, for purposes of the terms of the Series A Preferred, “"Junior Stock”Shares").
Appears in 2 contracts
Samples: Tax Sharing Agreement (Equity Residential Properties Trust), Tax Sharing Agreement (Equity Residential Properties Trust)
