Common use of Foreign Subsidiary Stock Clause in Contracts

Foreign Subsidiary Stock. Notwithstanding anything to the contrary set forth in SECTION 5.1 above, the types or items of Collateral described in such Section shall include only sixty-six percent (66%) of the stock of any Foreign Subsidiary.

Appears in 2 contracts

Samples: Loan and Security Agreement (Dyersburg Corp), Loan and Security Agreement (Dyersburg Corp)

AutoNDA by SimpleDocs

Foreign Subsidiary Stock. Notwithstanding anything to the contrary set forth in SECTION 5.1 Section 7.1 above, the types or items of Collateral described in such Section shall include only sixty-six five percent (6665%) of the stock Equity Interests of any direct Foreign Subsidiary of Parent, a Borrower or a Domestic Subsidiary and no other Equity Interests of any Foreign Subsidiary.

Appears in 2 contracts

Samples: Loan and Security Agreement (Enpro Industries, Inc), Loan and Security Agreement (Enpro Industries, Inc)

Foreign Subsidiary Stock. Notwithstanding anything to the contrary set forth in SECTION 5.1 Section 6.1 above, the types or items of Collateral described in such Section shall include only sixty-six percent (66%) of the stock of any Foreign Subsidiary.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tropical Sportswear International Corp), Loan and Security Agreement (Tropical Sportswear International Corp)

Foreign Subsidiary Stock. Notwithstanding anything to the contrary set forth in SECTION 5.1 6.1 above, the types or items of Collateral described in such Section shall include only sixty-six percent (66%) of the stock of any Foreign Subsidiary.

Appears in 1 contract

Samples: Loan and Security Agreement (Tropical Sportswear International Corp)

AutoNDA by SimpleDocs

Foreign Subsidiary Stock. Notwithstanding anything to the contrary set forth in SECTION 5.1 Section 7.1 above, the types or items of Collateral described in such Section shall include only sixty-six percent (66%) of the stock Equity Interests of any Foreign Subsidiary, and shall not include the Equity Interests in any Foreign Subsidiary in existence on the date of this Agreement that is organized under the laws of any jurisdiction other than Canada or a province of Canada and that is listed on Schedule 7.7 hereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Mastec Inc)

Foreign Subsidiary Stock. Notwithstanding anything to the contrary set forth in SECTION 5.1 Section 7.1 above, the types or items of Collateral described in such Section shall include only sixty-six five percent (6665%) of the stock Equity Interests of any direct Foreign Subsidiary of a Borrower and no other Equity Interests of any Foreign Subsidiary.

Appears in 1 contract

Samples: Post Petition Loan and Security Agreement (Enpro Industries, Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!