Pari Passu (also called Blended Preferences) is an approach to liquidation preference whereby series are equivalent in status (e.g., Series A and Series B share ratably until all of the liquidation preference amounts are returned).
Pari Passu (also called Blended Preferences) is an approach to liquidation preference whereby series are equivalent in status (e.g., Series A and Series B share ratably until all of the liquidation preference amounts are returned).