Example ContractsClausesdissolution or liquidationVariants
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Liquidation. Upon the liquidation, dissolution and winding up of the Corporation, the holder of each share of the Series A Preferred Stock shall be entitled to receive out of the net assets of the Corporation, before any amount shall be paid to the holders of any other class of stock, the sum of One Cent ($0.01) per share, after which the Holders of Series A Preferred Stock shall share in the distribution with the holders of the Common Stock on a pari passu basis, except that in determining the appropriate distribution of available cash among the shareholders, each share of Series A Preferred Stock shall be deemed to have been converted into the number of shares of the Corporation’s Common Stock into which that Holder’s Series A Preferred Stock could be converted on the record date for the distribution.

Liquidation. Upon the liquidation, dissolution and winding up of the Corporation, the holder of each share of the Series A Preferred Stock shall be entitled to receive out of the net assets of the Corporation, before any amount shall be paid to the holders of any other class of stock, the sum of One Cent ($0.01) per share, after which the Holders of Series A Preferred Stock shall share in the distribution with the holders of the Common Stock on a pari passu basis, except that in determining the appropriate distribution of available cash among the shareholders, each share of Series A Preferred Stock shall be deemed to have been converted into the number of shares of the Corporation’s Common Stock into which that Holder’s Series A Preferred Stock couldwould be converted on the record date for the distribution.distribution if the record date were the Conversion Date.

Liquidation. Upon the liquidation, dissolution and winding up of the Corporation, the holder of each share of the Series AB Preferred Stock shall be entitled to receive out of the net assets of the Corporation, before any amount shall be paid to the holders of any other class of stock, the sum of One Cent ($0.01) per share, after which the Holders of Series AB Preferred Stock shall share in the distribution with the holders of the Common Stock on a pari passu basis, except that in determining the appropriate distribution of available cash among the shareholders, each share of Series AB Preferred Stock shall be deemed to have been converted into the number of shares of the Corporation’Corporation's Common Stock into which that Holder’Holder's Series AB Preferred Stock could be converted on the record date for the distribution.

Liquidation. UponIn the event of any liquidation, dissolution andor winding up of the Corporation, the holderCompany, holders of each share of the Series A Preferred Stock shallwill be entitled to receive outa per share amount equal $0.50 per share, (the “Series A Preference Amount”), subject to the prior preferences of the net assets of the Corporation, before any amount shall be paid to the holders of any other class of stock, the sum of One Cent ($0.01) per share, after which the Holders of Series A Preferred Stock shall share in the distribution with the holders of the Common Stock on a pari passu basis, except that in determining the appropriate distribution of available cash among the shareholders, each share of Series A Preferred Stock shall be deemed to have been converted into the number of shares of the Corporation’s Common Stock into which that Holder’s Series A Preferred Stock could be converted on the record date for the distribution.Senior Stock.

Liquidation. UponIn the liquidation, dissolution andevent of any dissolution, liquidation or winding up of [[Organization A:Organization]] (a “Liquidation”), whether voluntary or involuntary, the Corporation, the holderHolders of each share of the Series A Preferred Stock shall be entitled to receiveparticipate in any distribution out of the net assets of the Corporation, before any amount shall be paid to[[Organization A:Organization]] on an equal basis per share with the holders of any other classthe Common Stock. For the purposes of stock, the sum of One Cent ($0.01) per share, after which thesuch distribution, Holders of Series A Preferred Stock shall share in the distribution with the holders of the Common Stock on a pari passu basis, except that in determining the appropriate distribution of available cash among the shareholders, each sharebe treated as if all shares of Series A Preferred Stock shall be deemed to havehad been converted into the number of shares of the Corporation’sto Common Stock into which that Holder’s Series A Preferred Stock could be converted on the record date forimmediately prior to the distribution.

Liquidation. UponIn the event of any voluntary or involuntary liquidation, dissolution andor winding up of the affairs of the Corporation, the holder of each share of the Series A Preferred StockHolder(s) shall be entitled to receive out of the net assets of the Corporation, before any amount shall be paid to the holders of any other class of stock, the sum of One Cent ($0.01) per share, after which the Holders of Series A Preferred Stock shall share in the distribution with the holders of the Common Stock on a pari passu basis, except that in determining the appropriate distribution of available cash among the shareholders,for each share of Series A Preferred Stock shall be deemed to have been converted into the number of sharesout of the Corporation’s Common Stock into which that Holder’sassets of the Corporation or proceeds thereof legally available for distribution to stockholders of the Corporation, after satisfaction of all liabilities, if any, to creditors of the Corporation and subject to the rights of holders of any Senior Securities, and before any distribution of such assets or proceeds is made to or set aside for the holders of Junior Securities, a liquidating distribution in an amount equal to # the Liquidation Preference and # an amount equal to any accrued and unpaid dividends on such share of Series A Preferred Stock couldthrough the date of such liquidating distribution. The holders of the Junior Securities shall be converted onentitled, to the record date forexclusion of the distribution.holders of the Series A Preferred Stock, to share ratably in all the remaining assets of the Corporation in accordance with their respective rights. After payment of the full amount of such liquidating distribution, the Holder(s) will not be entitled to any further participation in any distribution of assets by, and shall have no right or claim to any remaining assets, of the Corporation.

Liquidation. Upon the liquidation, dissolution and winding up of the Corporation, the holderHolders of each sharethe outstanding shares of the Series AC Preferred Stock shall be entitled to receive out of the net assets of the Corporation, before any amount shall be paid to the holders of any other class of stock, an amount in cash equal to the sumSeries C Liquidation Preference, to be allocated among the Holders of One Cent ($0.01)Series C Preferred Stock on a per share,share basis, after which the Holders of Series AC Preferred Stock shall sharehave no further participation in the distribution withof net assets. The "Series C Liquidation Preference" shall equal the holderssum of # five percent (5%) of the Common Stock onnet assets of the Corporation available for distribution, multiplied by # a pari passu basis, except that in determiningfraction, the appropriate distributionnumerator of available cash among the shareholders, each share of Series A Preferred Stock shall be deemed to have been converted intowhich is the number of outstanding shares of the Corporation’s Common Stock into which that Holder’s Series AC Preferred Stock could be converted onand the record date for the distribution.denominator of which is Thirty Thousand (30,000).

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