Common use of Liquidation Priority Clause in Contracts

Liquidation Priority. In a Dissolution Event. The Investor’s right to receive its Purchase Amount following the issuance of shares thereto will be: (i) Junior to payment of outstanding indebtedness and creditor claims, including contractual claims for payment and convertible promissory notes (to the extent such convertible promissory notes are not actually or notionally converted into ordinary shares); (ii) Senior to payments for Ordinary Shares.