Common use of Residual Distributions Clause in Contracts

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

Appears in 3 contracts

Samples: Transaction Agreement (Sirius International Insurance Group, Ltd.), Deposit Agreement (Athene Holding LTD), Confidential Transaction Agreement (Third Point Reinsurance Ltd.)

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

Appears in 1 contract

Samples: Deposit Agreement (Athene Holding LTD)

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

Appears in 1 contract

Samples: Deposit Agreement (Athene Holding LTD)

Residual Distributions. If the Liquidation Preference has been paid in full to all holders of Series B Preference Shares and any holders of Parity Shares, the holders of Junior Shares other shares of the Company shall be entitled to receive all remaining assets of the Company (or proceeds thereof) according to their respective rights and preferences.

Appears in 1 contract

Samples: Deposit Agreement (Validus Holdings LTD)

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Residual Distributions. If the Liquidation Preference has been paid in full to all holders of Series B A Preference Shares and any holders of Parity Shares, the holders of Junior Shares other shares of the Company shall be entitled to receive all remaining assets of the Company (or proceeds thereof) according to their respective rights and preferences.

Appears in 1 contract

Samples: Deposit Agreement (Validus Holdings LTD)

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