KNXA » Topics » Liquidation

This excerpt taken from the KNXA 8-K filed Dec 26, 2006.


In the event of any liquidation, dissolution or winding-up of the Company, either voluntarily or involuntarily, subject to the rights of holders of Series E convertible preferred units and Series D convertible preferred units, the holders of Series C


junior convertible preferred units shall be entitled to receive prior and in preference to any distribution to the holders of common units, an amount equal to $0.01 for each unit then so held, plus a further amount equal to any dividends declared but unpaid on such units.

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