Series A Liquidation Preference. Upon any Liquidation Event, whether voluntary or involuntary, before any other distribution or payment shall be made to the holders of any shares of capital stock of the Company, the holders of the Series A Preferred shall be entitled to be paid, out of the assets or surplus funds of the Company legally available for distribution, their pro rata share of an amount equal to (i) all accrued and unpaid amounts of the Series A Dividend and (ii) the Series A Purchase Price (the “Series A Liquidation Preference”).
Appears in 3 contracts
Sources: Series a Preferred Stock Purchase Agreement (Apollo Medical Holdings, Inc.), Loan Agreement (Apollo Medical Holdings, Inc.), Series a Preferred Stock Purchase Agreement (Apollo Medical Holdings, Inc.)