Common use of Foreign Subsidiary Stock Clause in Contracts

Foreign Subsidiary Stock. Notwithstanding Section 2.1, not more than 65% of the voting stock of any Foreign Subsidiary and 100% of all non-voting stock (if any) of each Foreign Subsidiary shall be included in the Collateral.

Appears in 5 contracts

Samples: Security Agreement (Sport Chalet Inc), Security Agreement (Sport Chalet Inc), Loan and Security Agreement (Sport Chalet Inc)

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Foreign Subsidiary Stock. Notwithstanding Section 2.17.1, not more than 65% of the voting stock of any Foreign Subsidiary and 100% of all non-voting stock (if any) of each Foreign Subsidiary shall be included in the Collateral.

Appears in 3 contracts

Samples: Term Loan and Security Agreement (Sport Chalet Inc), Loan and Security Agreement (Alon USA Energy, Inc.), Loan and Security Agreement (Sport Chalet Inc)

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