Common use of Senior Shares Clause in Contracts

Senior Shares. The term "Senior Shares" shall mean, as the case may be, (i) any class or series of Shares ranking senior to the Series B-2 Preferred Shares in respect of the right to receive distributions or (ii) any class or series of Shares ranking senior to the Series B-2 Preferred Shares in respect of the right to participate in any distribution upon liquidation, dissolution or winding up of the affairs of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Kranzco Realty Trust), Employment Agreement (Cv Reit Inc)

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Senior Shares. The term "Senior Shares" shall mean, as the case may be, (i) any class or series of Shares shares of beneficial interest of the Trust ranking senior to the Series B-2 E Preferred Shares in respect of the right to receive distributions or (ii) any class or series of Shares shares of beneficial interest of the Trust ranking senior to the Series B-2 E Preferred Shares in respect of the right to participate in any distribution upon liquidation, dissolution or winding up of the affairs of the CompanyTrust.

Appears in 2 contracts

Samples: Tax Sharing Agreement (Equity Residential Properties Trust), Tax Sharing Agreement (Equity Residential Properties Trust)

Senior Shares. The term "Senior Shares" shall mean, as the case may be, (i) any class or series of Shares ranking senior to the Series B-2 B-1 Preferred Shares in respect of the right to receive distributions or (ii) any class or series of Shares ranking senior to the Series B-2 B-1 Preferred Shares in respect of the right to participate in any distribution upon liquidation, dissolution or winding up of the affairs of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Cv Reit Inc), Employment Agreement (Kranzco Realty Trust)

Senior Shares. The term "Senior Shares" shall mean, as the case may be, (i) any class or series of Shares shares of beneficial interest of the Company ranking senior to the Series B-2 D Preferred Shares in respect of the right to receive distributions or (ii) any class or series of Shares shares of beneficial interest of the Company ranking senior to the Series B-2 D Preferred Shares in respect of the right to participate in any distribution upon liquidation, dissolution or winding up of the affairs of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Cv Reit Inc), Employment Agreement (Kranzco Realty Trust)

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Senior Shares. The term "Senior Shares" shall mean, as the case may be, (i) any class or series of Shares ranking senior to the Series B-2 B Preferred Shares in respect of the right to receive distributions or (ii) any class or series of Shares ranking senior to the Series B-2 B Preferred Shares in respect of the right to participate in any distribution upon liquidation, dissolution or winding up of the affairs of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Union Property Investors Inc)

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