Common use of Senior Securities Clause in Contracts

Senior Securities. The Company shall maintain the senior status of the Series C Preferred such that it shall rank senior in all respects, including the payment on liquidation and redemption, to all other equity securities of the Company, including the Series A Convertible Preferred Stock.

Appears in 3 contracts

Samples: Stock and Warrant Purchase Agreement (Alyn Corp), Stock and Warrant Purchase Agreement (Alyn Corp), Stock and Warrant Purchase Agreement (Alyn Corp)

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Senior Securities. The Company shall maintain the senior status of the Series C B Preferred such that it shall rank senior in all respects, including the payment on liquidation and redemption, to all other equity securities of the Company, including the Series A Convertible Preferred Stock.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Caliber Learning Network Inc)

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