Common use of Remaining Assets Clause in Contracts

Remaining Assets. After the payment to the holders of Series A Convertible Preferred Stock of the full preferential amounts specified above, the entire remaining assets of the Corporation legally available for distribution by the Corporation shall be distributed with equal priority and pro rata among the holders of Common Stock, or any other Junior Stock as applicable, in proportion to the number of shares of Common Stock or such Junior Stock held by them.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Vision Global Solutions Inc)

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Remaining Assets. After the payment to the holders Holders of Series A Convertible B Preferred Stock of the full preferential amounts specified aboveabove and the Series C Preferred Stock, of the amounts required by the Series C Preferred Stock Designation, the entire remaining assets of the Corporation legally available for distribution by the Corporation shall be distributed with equal priority and pro rata among the holders of the Junior Securities in proportion to the number of shares of Junior Securities held by them and the holders of Common Stock, or any other Junior Stock as applicable, in proportion to the number of shares of Common Stock or such Junior Stock held by them.

Appears in 1 contract

Samples: Asset Purchase Agreement (Lucas Energy, Inc.)

Remaining Assets. After the payment to the holders of the Series A Convertible C Preferred Stock, Series B Preferred Stock and Common Stock of the full preferential amounts specified above, the entire remaining assets of the Corporation legally available for distribution by the Corporation shall be distributed with equal priority and pro rata among the holders of Common Stock, or any other the Junior Stock as applicable, Securities in proportion to the number of shares of Common Stock or such Junior Stock Securities held by them.

Appears in 1 contract

Samples: Share Exchange Agreement (Monaker Group, Inc.)

Remaining Assets. After the payment to the holders Holders of Series A Convertible B Preferred Stock and Series B1 Preferred Stock of the full preferential amounts specified above, the entire remaining assets of the Corporation legally available for distribution by the Corporation shall be distributed with equal priority and pro rata among the holders of Common Stock, or any Stock and other Junior Stock as applicable, junior securities in proportion to the number of shares of Common Stock or such Junior Stock and junior securities held by them.

Appears in 1 contract

Samples: Unit Purchase Agreement (Vertex Energy Inc.)

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Remaining Assets. After the payment to the holders of the Series A Convertible B Preferred Stock, Series C Preferred Stock and Common Stock of the full preferential amounts specified above, the entire remaining assets of the Corporation legally available for distribution by the Corporation shall be distributed with equal priority and pro rata among the holders of Common Stock, or any other the Junior Stock as applicable, Securities in proportion to the number of shares of Common Stock or such Junior Stock Securities held by them.

Appears in 1 contract

Samples: Share Exchange Agreement (Monaker Group, Inc.)

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