Common use of Residual Distributions Clause in Contracts

Residual Distributions. If the respective aggregate liquidating distributions to which all Holders and all holders of any Parity Stock are entitled pursuant to Section 5(a) have been paid, the holders of Junior Stock shall be entitled to receive all remaining assets of the Company according to their respective rights and preferences.

Appears in 3 contracts

Samples: Investment Agreement (Dow Chemical Co /De/), Investment Agreement (Dow Chemical Co /De/), Investment Agreement (Dow Chemical Co /De/)

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Residual Distributions. If the respective aggregate liquidating distributions to which all Holders and all the holders of any Parity Stock are entitled pursuant to Section 5(a) have been paid, the holders of Junior Stock shall be entitled to receive all remaining assets of the Company Corporation according to their respective rights and preferences.

Appears in 2 contracts

Samples: Subscription Agreement (Taylor Capital Group Inc), Securities Purchase Agreement (Taylor Capital Group Inc)

Residual Distributions. If the respective aggregate liquidating distributions to which all Holders and all holders of any Parity Stock are entitled pursuant to Section 5(a) have been paidpaid in full, the holders of Junior Stock shall be entitled to receive all remaining assets of the Company according to their respective rights and preferences.

Appears in 2 contracts

Samples: Investment Agreement (Great Atlantic & Pacific Tea Co Inc), Investment Agreement (Great Atlantic & Pacific Tea Co Inc)

Residual Distributions. If the respective aggregate liquidating distributions to which all Holders holders of Series E Preferred and all holders of any Parity Stock are entitled pursuant to Section 5(a) have been paid, the holders of Junior Stock shall be entitled to receive all remaining assets of the Company Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Securities Purchase Agreement (Wabash National Corp /De)

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Residual Distributions. If the respective aggregate liquidating distributions to which all Holders holders of Series F Preferred and all holders of any Parity Stock are entitled pursuant to Section 5(a) have been paid, the holders of Junior Stock shall be entitled to receive all remaining assets of the Company Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Securities Purchase Agreement (Wabash National Corp /De)

Residual Distributions. If the respective aggregate liquidating distributions to which all Holders holders of Series G Preferred and all holders of any Parity Stock are entitled pursuant to Section 5(a) have been paid, the holders of Junior Stock shall be entitled to receive all remaining assets of the Company Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Securities Purchase Agreement (Wabash National Corp /De)

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