Common use of Residual Distributions Clause in Contracts

Residual Distributions. After payment of the applicable Liquidation Preference to the holders of the outstanding Series I Preferred Shares and any Parity Securities, the Corporation’s remaining assets and funds shall be distributed among the holders of the Common Shares and any other Junior Securities then outstanding according to their respective rights and preferences.

Appears in 1 contract

Sources: Merger Agreement (Seaspan CORP)

Residual Distributions. After payment of the applicable Liquidation Preference to the holders of the outstanding Series I G Preferred Shares and any Parity Securities, the Corporation’s remaining assets and funds shall be distributed among the holders of the Common Shares and any other Junior Securities then outstanding according to their respective rights and preferences.

Appears in 1 contract

Sources: Merger Agreement (Seaspan CORP)

Residual Distributions. After payment of the applicable Liquidation Preference to the holders of the outstanding Series I B Preferred Shares and any Parity Securities, the CorporationCompany’s remaining assets and funds shall be distributed among the holders of the Common Shares and any other Junior Securities then outstanding according to their respective rights and preferences.

Appears in 1 contract

Sources: Share Purchase Agreement (Tsakos Energy Navigation LTD)

Residual Distributions. After payment of the applicable Liquidation Preference to the holders of the outstanding Series I D Preferred Shares and any Parity Securities, the Corporation’s remaining assets and funds shall be distributed among the holders of the Common Shares and any other Junior Securities then outstanding according to their respective rights and preferences.

Appears in 1 contract

Sources: Merger Agreement (Seaspan CORP)

Residual Distributions. After payment of the applicable Liquidation Preference to the holders of the outstanding Series I H Preferred Shares and any Parity Securities, the Corporation’s remaining assets and funds shall be distributed among the holders of the Common Shares and any other Junior Securities then outstanding according to their respective rights and preferences.

Appears in 1 contract

Sources: Merger Agreement (Seaspan CORP)

Residual Distributions. After payment of the applicable Liquidation Preference to the holders of the outstanding Series I G Preferred Shares and any Parity Securities, the CorporationCompany’s remaining assets and funds shall be distributed among the holders of the Common Shares and any other Junior Securities then outstanding according to their respective rights and preferences. Redemption.

Appears in 1 contract

Sources: Share Purchase Agreement (Tsakos Energy Navigation LTD)

Residual Distributions. After payment of the applicable Liquidation Preference to the holders Holders of the outstanding Series I B Preferred Shares and any Parity Securities, the Corporation’s 's remaining assets and funds shall be distributed among the holders of the Common Shares and any other Junior Securities then outstanding according to their respective rights and preferences.

Appears in 1 contract

Sources: Share Purchase Agreement (Box Ships Inc.)

Residual Distributions. After payment of the applicable Liquidation Preference to the holders of the outstanding Series I E Preferred Shares and any Parity Securities, the Corporation’s remaining assets and funds shall be distributed among the holders of the Common Shares and any other Junior Securities then outstanding according to their respective rights and preferences.

Appears in 1 contract

Sources: Merger Agreement (Seaspan CORP)