Common use of Common Stock Defined Clause in Contracts

Common Stock Defined. Whenever reference is made in this Warrant to the issue or sale of Common Stock, the term "Common Stock" shall mean the voting Common Stock of DRI of the class authorized as of the date hereof and any other class of stock ranking on a parity with such Common Stock.

Appears in 3 contracts

Samples: Warrant Agreement (Digital Recorders Inc), Warrant Agreement (Digital Recorders Inc), Warrant Agreement (Digital Recorders Inc)

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Common Stock Defined. Whenever reference is made in this Warrant Option to the issue or sale of Common Stock, the term "Common Stock" shall mean the voting Common Stock of DRI of the class authorized as of the date hereof and any other class of stock ranking on a parity with such Common Stock.

Appears in 1 contract

Samples: Option Agreement (Digital Recorders Inc)

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