Class B Securities definition

Class B Securities means any of the securities executed by the Transferor and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit A-2 hereto.

Class B Securities means collectively the Series B Preferred Stock and/or the Class B Common Stock, as the same may be outstanding from time to time.

Class B Securities has the meaning ascribed to it in the recitals.

Examples of Class B Securities in a sentence

• The obligations of the Investors hereunder to purchase the Class B Securities, to provide the Company with the credit facilities contemplated by the Senior Loan Documents, to purchase the Notes in accordance with the Note Documents and to comply with the other covenants hereunder are several and not joint.

• The Company has authorized the issuance and sale to the Purchaser of the Class A Securities and to the Investors of the Class B Securities to be sold hereunder, in each case having the rights and preferences set forth in the Operating Agreement.

• The respective forms of certificates representing the Class B Securities and the Class C Securities comply with the requirements of Texas state law, the Charter and the By-Laws.

• So long as the Class B Preferred Units to be redeemed are held of record by the nominee of the Class B Securities Depositary, the Class B Redemption Price, plus an amount equal to all accumulated and unpaid distributions thereon to, but not including, the applicable Class B Redemption Date shall be paid by the Paying Agent to the Class B Securities Depositary on the Class B Redemption Date.

• The representations and warranties in subsection (B) of this section are hereby qualified and limited as follows: Although the Company and the Bank do not believe that this constitutes a default under the Securities Purchase Agreement between the Company and Treasury dated December 19, 2008 or the respective Certificates of Designations for the Class B Securities and the Class C Securities, we call to your attention that the Company has not paid dividends on the Securities since the fourth quarter of 2010.

More Definitions of Class B Securities

Class B Securities means, with respect to (a) Series 1997-1, the Class B Certificates of such Series, (b) Series 1997-2, the Class B Certificates of such Series and (c) with respect to any other Series, the Class B Notes or the Owner Trust Certificates of such Series.

Class B Securities is defined in the recitals.

Class B Securities has the meaning set forth in the preamble.

Class B Securities means the variable funding securities executed by the Transferor and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit A-2 hereto.

Class B Securities. The Class B-1 Notes and the Class B-2 Certificates. CLASS B-2 CERTIFICATES: Any one of the Class B-2 Certificates. CLOSING DATE: March 31, 1998.

Class B Securities means Common Stock and Warrants.

Class B Securities means the Class B Common Shares issuable pursuant to the Class B Common Stock Commitment Agreement, the Warrants, and the additional Class B Common Shares issuable upon exercise of the Warrants.