Common use of Rights on Liquidation, Dissolution, Winding-Up Clause in Contracts

Rights on Liquidation, Dissolution, Winding-Up. a. With respect to rights on Liquidation, the Series E Preferred Stock shall rank (x) junior to the Series A, Series B and Series D Preferred Stock (but only to the extent provided in this Section E.4), (y) pari passu with the Series C Preferred Stock and (z) senior and prior to the Common Stock and to all other classes or series of stock issued by the Corporation.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Diversa Corp), Stock Purchase Agreement (Diversa Corp)

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Rights on Liquidation, Dissolution, Winding-Up. a. With respect to rights on Liquidation, the Series E C Preferred Stock shall rank (x) junior to the Series A, Series B and Series D Preferred Stock (but only to the extent provided in this Section E.4C.4), (y) pari passu with the Series C E Preferred Stock and (z) senior and prior to the Common Stock and to all other classes or series of stock issued by the Corporation.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Diversa Corp), Stock Purchase Agreement (Diversa Corp)

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