Common use of Participation upon Liquidation, Dissolution or Winding Up Clause in Contracts

Participation upon Liquidation, Dissolution or Winding Up. In the event of the liquidation, dissolution or winding up of the Corporation or other distribution of assets of the Corporation among its shareholders for the purpose of winding up its affairs, the holders of the Class A Common shares shall be entitled to receive assets of the Corporation upon such a distribution concurrently with the holders of the Class B,C,D common shares and Class E Special shares. Such distribution shall be made in equal amounts per share on all the Class A,B,C,D Common shares and Class E Special shares at the time outstanding without preference or distinction.

Appears in 1 contract

Sources: Incorporation Agreement

Participation upon Liquidation, Dissolution or Winding Up. In the event of the liquidation, dissolution or winding up of the Corporation or other distribution of assets of the Corporation among its shareholders for the purpose of winding up its affairs, the holders of the Class A C and D Common shares shall be entitled to receive assets of the Corporation upon such a distribution concurrently with the holders of the Class B,C,D common A and B Common shares and Class E Special shares. Such distribution shall be made in equal amounts per share on all the Class A,, B,C,D Common common shares and Class E Special special shares at the time outstanding without preference or distinction.

Appears in 1 contract

Sources: Incorporation Agreement

Participation upon Liquidation, Dissolution or Winding Up. In the event of the liquidation, dissolution or winding up of the Corporation or other distribution of assets of the Corporation among its shareholders for the purpose of winding up its affairs, the holders of the Class A B Common shares shall be entitled to receive assets of the Corporation upon such a distribution concurrently with the holders of the Class BA,C,D common shares and Class E Special special shares. Such distribution shall be made in equal amounts per share on all the Class B Common shares and Class A,B,C,D Common shares and Class E Special shares at the time outstanding without preference or distinction.

Appears in 1 contract

Sources: Incorporation Agreement

Participation upon Liquidation, Dissolution or Winding Up. In the event of the liquidation, dissolution or winding up of the Corporation or other distribution of assets of the Corporation among its shareholders for the purpose of winding up its affairs, the holders of the Class A Common B Shares shall, subject to the rights of the holders of any other class of shares shall be of the Corporation entitled to receive assets of the Corporation upon such a distribution in priority to or concurrently with the holders of the Class B,C,D common shares and Class E Special sharesB Shares, be entitled to participate in the distribution. Such distribution shall be made in equal amounts per share on all the Class A,B,C,D Common shares and Class E Special shares B Shares at the time outstanding without preference or distinction.

Appears in 1 contract

Sources: Business Combination Agreement (Pyrophyte Acquisition Corp.)