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-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-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: Merger Agreement (Cv Reit Inc), Merger Agreement (Kranzco Realty Trust)

AutoNDA by SimpleDocs

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-1 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-1 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: Merger Agreement (Equity Residential Properties Trust), Merger 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-1 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-1 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: Merger Agreement (Cv Reit Inc), Merger 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-1 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-1 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: Merger Agreement (Cv Reit Inc), Merger Agreement (Kranzco Realty Trust)

AutoNDA by SimpleDocs

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-1 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-1 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: Merger Agreement (Union Property Investors Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!