Common use of No Additional Payment Clause in Contracts

No Additional Payment. After the holders of all shares of Series A Preferred Stock shall have been paid in full the amounts to which they are entitled in paragraph 4(a), the shares of Series A Preferred Stock shall not be entitled to any further participation in any distribution of assets of the Corporation and the remaining assets of the Corporation shall be distributed to the holders of Junior Stock.

Appears in 1 contract

Sources: Transaction Agreement (Vertex Interactive Inc)

No Additional Payment. After the holders of all shares of Series A Preferred Stock shall have been paid in full the amounts to which they are entitled in paragraph 4(a)pursuant to Section 4.1 above, the shares of Series A Preferred Stock Holders shall not be entitled to participate with any further participation Junior Securities in any distribution of assets of the Corporation and the remaining assets of the Corporation Company and such remaining assets of the Company shall be distributed to the holders of any Junior StockSecurities in accordance with the Amended and Restated Articles of Incorporation then in effect.

Appears in 1 contract

Sources: Consent and Agreement (KPCB Ix Associates LLC)

No Additional Payment. After the holders of all shares of Series A C-1 Preferred Stock shall have been paid in full the amounts to which they are entitled in paragraph 4(a), the shares of Series A C-1 Preferred Stock shall not be entitled to any further participation in any distribution of assets of the Corporation and the remaining assets of the Corporation shall be distributed to the holders of Junior Stock.

Appears in 1 contract

Sources: Investment Restructuring Agreement (MidMark Capital II, L.P.)

No Additional Payment. After the holders of all shares of Series A D Preferred Stock shall have been paid in full the amounts to which they are entitled in paragraph 4(a), the shares of Series A D Preferred Stock shall not be entitled to any further participation in any distribution of assets of the Corporation and the remaining assets of the Corporation shall be distributed to the holders of Junior Stock.

Appears in 1 contract

Sources: Investment Restructuring Agreement (MidMark Capital II, L.P.)