Common use of Secondary Distribution Clause in Contracts

Secondary Distribution. Upon the completion of the distribution required by Section 2(a), the remaining assets of the Corporation available for distribution to stockholders shall be distributed of record among the holders of Common Stock pro rata in proportion to the number of shares of Common Stock held of record by each.

Appears in 3 contracts

Samples: Series D Preferred Stock Purchase Agreement (Niku Corp), Investor Rights Agreement (Niku Corp), Voting Agreement (Niku Corp)

AutoNDA by SimpleDocs

Secondary Distribution. Upon Subject to Section 2(c) below, upon the completion of the distribution required by Section 2(a), the remaining assets of the Corporation available for distribution to stockholders shall be distributed of record among the holders of Preferred and Common Stock on a pro rata basis in proportion to the number of shares of Common Stock held of record by eacheach (assuming for the purposes hereof conversion of all Preferred into Common Stock).

Appears in 1 contract

Samples: Warrant Agreement (Comscore, Inc.)

AutoNDA by SimpleDocs

Secondary Distribution. Upon Subject to Section 2(c) below, upon the completion of the distribution required by Section 2(a), the remaining assets of the Corporation available for distribution to stockholders shall be distributed of record among the holders of Series A Preferred and Common Stock on a pro rata basis in proportion to the number of shares of Common Stock held of record by eacheach (assuming for the purposes hereof conversion of all Series A Preferred into Common Stock).

Appears in 1 contract

Samples: Warrant Agreement (Comscore, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.