Common use of Remaining Assets Clause in Contracts

Remaining Assets. In the event of any Liquidation Event, after the payment or setting aside for payment to the holders of Flash Preferred of the full Liquidation Preference Amount, the entire remaining assets of the Corporation legally available for distribution shall be distributed pro rata to holders of the Common Stock of the Corporation in proportion to the number of shares of Common Stock held by them.

Appears in 5 contracts

Samples: Flash Seed Preferred Stock Subscription Agreement, Flash Seed Preferred Stock Subscription Agreement, Flash Seed Preferred Stock Subscription Agreement

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