Common use of Residual Distributions Clause in Contracts

Residual Distributions. If the Liquidation Preference has been paid in full to all holders of this Series and all holders of any Liquidation Preference Parity Stock, the holders of Junior Stock will be entitled to receive all remaining assets of the Company according to their respective rights and preferences.

Appears in 2 contracts

Samples: Share Purchase Agreement (Toro Corp.), Share Purchase Agreement (Castor Maritime Inc.)

AutoNDA by SimpleDocs

Residual Distributions. If the Liquidation Preference has been paid in full to all holders of this Series A Preferred Stock and the applicable liquidation preference has been paid to all holders of any Liquidation Preference Parity Stock, the holders of Junior Stock will shall be entitled to receive all remaining assets of the Company Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Credit Agreement (Knight Inc.)

Residual Distributions. If the Liquidation Preference liquidation preference plus any declared and unpaid dividends has been paid in full to all holders of this Series A Preferred Stock and all holders of any Liquidation Preference Parity Stock ranking equally as to such distribution with the Series A Preferred Stock, the holders of Junior Stock will shall be entitled to receive all remaining assets of the Company according to their respective rights and preferences.

Appears in 1 contract

Samples: Private Placement Subscription Agreement (BankGuam Holding Co)

Residual Distributions. If the Liquidation Preference liquidation preference plus any dividends which have been declared but not yet paid has been paid in full to all holders of this Series Preferred Stock and all holders of any Liquidation Preference Parity Stock, the holders of Junior Stock will shall be entitled to receive all remaining assets of the Company Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Purchase Agreement (Flagstar Bancorp Inc)

Residual Distributions. If the Liquidation Preference liquidation preference (including any Unpaid Series C Dividends) has been paid in full to all holders of this Series C Preferred Stock and all holders of any Liquidation Preference Parity Stock, the holders of Junior Stock will shall be entitled to receive all remaining assets of the Company Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Term Loan Agreement (Hall of Fame Resort & Entertainment Co)

Residual Distributions. If the Liquidation Preference liquidation preference plus any declared and unpaid dividends has been paid in full to all holders of this Series D Preferred Stock and all holders of any Liquidation Preference Parity Stock, the holders of Junior Stock will shall be entitled to receive all remaining assets of the Company Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Deposit Agreement (Northern Trust Corp)

AutoNDA by SimpleDocs

Residual Distributions. If the Liquidation Preference liquidation preference plus any declared and unpaid dividends has been paid in full to all holders of this Series E Preferred Stock and all holders of any Liquidation Preference Parity Stock, the holders of Junior Stock will shall be entitled to receive all remaining assets of the Company Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Deposit Agreement (Northern Trust Corp)

Residual Distributions. If the Liquidation Preference liquidation preference plus any declared and unpaid dividends has been paid in full to all holders of this Series C Preferred Stock and all holders of any Liquidation Preference Parity Stock, the holders of Junior Stock will shall be entitled to receive all remaining assets of the Company Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Deposit Agreement (Northern Trust Corp)

Residual Distributions. If the Liquidation Preference liquidation preference plus any authorized, declared and unpaid dividends has been paid in full to all holders of this Series C Preferred Stock and all holders of any Liquidation Preference Parity Stock, the holders of Junior Stock will shall be entitled to receive all remaining assets of the Company Corporation according to their respective rights and preferences.

Appears in 1 contract

Samples: Transaction Agreement (Banco Santander, S.A.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!