Common use of Senior Status Clause in Contracts

Senior Status. The Company shall have taken all of the necessary actions, including the amendment of the appropriate existing agreements, so that, except as otherwise provided in Section 8.8(b) hereof, the Series A Preferred shall rank senior in all respects, including the payment on liquidation and redemption, to all other equity securities of the Company.

Appears in 3 contracts

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

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Senior Status. The Company shall have taken all of the necessary actions, including the amendment of the appropriate existing agreements, so that, except as otherwise provided in Section 8.8(b) hereof, that the Series A Convertible Preferred Stock shall rank senior in all respects, including the payment on liquidation and redemption, to all other equity securities of the Company.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Hudson Technologies Inc /Ny), Stock Purchase Agreement (Hudson Technologies Inc /Ny)

Senior Status. The Company shall have taken all of the necessary actions, including the amendment of the appropriate existing agreements, so that, except as otherwise provided in Section 8.8(b) hereof, that the Series A B Preferred shall rank senior in all respects, including the payment on liquidation and redemption, to all other equity securities of the Company.

Appears in 1 contract

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

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Senior Status. The Company shall have taken all of the necessary actions, including the amendment of the appropriate existing agreements, actions so that, except as otherwise provided in Section 8.8(b) hereof, that the Series A Preferred shall rank senior in all respects, including the payment on liquidation and redemption, to all other equity securities of the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Doe Run Resources Corp)

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