ABC Securities means the Asset-Backed Capital Commitment Securities issued by, and each representing an undivided beneficial interest in the property of, the Trust. The parties to this Declaration intend that the ABC Securities be treated as equity securities for all purposes under Delaware law.
As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): ABC Securities means securities issued by a Finance Trust representing an undivided beneficial interest in assets acquired by a Finance Trust from Ambac Assurance with the net proceeds of such issuance.
Subscriber may use, with Infinex's prior written approval, any other name, trade name, servicemark, trademark logo or the like ("Subscriber Trade Name") in connection with the Infinex Program, e.g., "ABC Securities, offered through Infinex." However, to the extent Subscriber uses a Subscriber trade name, Subscriber shall be responsible for all costs, expenses and liabilities ensuing from the use of such trade name and shall indemnify Infinex as provided in subparagraph 9(a) hereof.
The ABC Securities shall not be redeemable at the option of the Holder, except as provided for in Section 6.6 hereof.
ABC Securities shall be deemed to be personal property, giving only the rights provided herein.
No Holder, by virtue of holding ABC Securities, shall have any preemptive or other right to subscribe for any additional ABC Securities.