Class AB Preferred Stock definition

Class AB Preferred Stock means the Class ABI Preferred Stock and the Class ABII Preferred Stock.

Class AB Preferred Stock means the Corporation's Class ABI Convertible Redeemable Preferred Stock and Class ABII Convertible Redeemable Preferred Stock.

Examples of Class AB Preferred Stock in a sentence

• The Company shall have the right to ---------------- issue a debt instrument in lieu of all or any portion of the Class AB Preferred Stock to be issued hereunder, provided that such debt instrument contains terms and conditions that are no less favorable to the Purchaser than the terms and conditions of the Class ABI Preferred Stock (such debt to have a maturity date of December 31, 2004).

• If the parties cannot agree on such a limited liability structure, the Company shall have the right to issue a debt instrument in lieu of all or any portion of the Class AB Preferred Stock to be issued hereunder, provided that such debt instrument contains terms and conditions that are no less favorable to the Purchaser than the terms and conditions of the Class ABI Preferred Stock (such debt to have a maturity date of December 31, 2004).

• The Company shall have the right ---------------- to issue a debt instrument in lieu of all or any portion of the Class AB Preferred Stock to be issued hereunder, provided that such debt instrument contains terms and conditions that are no less favorable to the Purchaser than the terms and conditions of the Class ABI Preferred Stock (such debt to have a maturity date of December 31, 2004).

• The Company shall have the right to issue a debt instrument in lieu of all or any portion of the Class AB Preferred Stock to be issued hereunder, provided that such debt instrument contains terms and conditions that are no less favorable to the Purchaser than the terms and conditions of the Class ABI Preferred Stock (such debt to have a maturity date of December 31, 2004).

• From and after --------------------------------------- the Second Closing, in the event the Purchaser defaults in any of its obligations hereunder to fund Subsequent Purchases, the Purchaser shall promptly redeliver to the Company for cancellation all Warrants received by it in excess of twenty-five (25) Warrants for every 100 shares of Class AB Preferred Stock purchased by the Purchaser hereunder.