Residual Distributions. If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.
Appears in 43 contracts
Sources: Securities Purchase Agreement, Securities Purchase Agreement, Assignment and Assumption Agreement (Sunshine Bancorp, Inc.)
Residual Distributions. If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer Corporation ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer Corporation shall be entitled to receive all remaining assets of the Issuer Corporation (or proceeds thereof) according to their respective rights and preferences.
Appears in 30 contracts
Sources: Merger Agreement (First Defiance Financial Corp), Securities Purchase Agreement, Securities Purchase Agreement
Residual Distributions. If the Liquidation Preference has been paid in full to all holders of Designated Senior Preferred Stock and the corresponding amounts payable with respect of to any other stock of the Issuer ranking equally with Designated Preferred Liquidation Preference Parity Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.
Appears in 4 contracts
Sources: Securities Purchase Agreement (Bancplus Corp), Securities Purchase Agreement (Ponce Financial Group, Inc.), Securities Purchase Agreement (Broadway Financial Corp \De\)
Residual Distributions. If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of to any other stock Parity Stock of the Issuer ranking equally with the Designated Preferred Stock as to such distribution has have been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.
Appears in 2 contracts
Sources: Securities Purchase and Exchange Agreement, Securities Purchase and Exchange Agreement (Gmac Inc.)
Residual Distributions. If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of to any other stock Parity Stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.
Appears in 1 contract