Examples of Class ABI Preferred Stock in a sentence
The term "Preferred Stock" shall mean the Class AA --------------- Preferred Stock, the Class ABI Preferred Stock and the Class ABII Preferred Stock.
The term "Initial Issue Date" shall mean the date ------------------ that shares of Class ABI Preferred Stock are first issued by the Corporation.
With regard to rights to receive dividends, redemption payments and distributions upon liquidation, dissolution or winding up of the Corporation, the Class ABI Preferred Stock shall rank pari passu with any Parity Stock and senior to the Common Stock and any other equity securities or other securities into which any convertible indebtedness is convertible which are issued by the Corporation after the date of this Certificate of Designation.
The Corporation and the transfer agent for the Class ABI Preferred Stock may deem and treat the record holder of any shares of Preferred Stock as the true and lawful owner thereof for all purposes, and neither the Corporation nor the transfer agent shall be affected by any notice to the contrary.
The Class ABI Preferred Stock shall not be subject to the creation of capital stock senior with regards to the right to receive dividends, redemption payments and distribution upon liquidation, dissolution or winding up of the Corporation.
The term "Mandatory Conversion Date" shall ------------------------- mean the Business Day, specified in a notice to holders of Class ABI Preferred Stock given by the Corporation in accordance with the provisions of subparagraph 4(b)(ii), upon which the Corporation shall convert all outstanding shares of Class ABI Preferred Stock into Common Stock as set forth in such subparagraph.
Except as may otherwise be required by law, the shares of Class ABI Preferred Stock shall not have any voting powers, preferences and relative, participating, optional or other special rights, other than those specifically set forth in this resolution (as such resolution may be amended from time to time) and in the Certificate of Incorporation.
Except as provided in this paragraph, holders of Class ABI Preferred Stock shall not be entitled to any distribution in the event of liquidation, dissolution or winding up of the affairs of the Corporation.
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 parties hereby agree that between ---------------- the date hereof and the date of the Second Closing they shall mutually cooperate with a view to structuring the issuance of a portion of the Class ABI Preferred Stock through a limited liability company formed by the Company.