Pledged Stock and Pledged Notes. (a) The shares of Pledged Stock pledged by such Grantor hereunder constitute all the issued and outstanding shares of all classes of the Capital Stock of each Issuer owned by such Grantor or, in the case of Foreign Subsidiary Voting Stock, 65% of the outstanding first tier Foreign Subsidiary Voting Stock of each relevant Issuer.
Appears in 4 contracts
Samples: And Collateral Agreement (Carbuyco, LLC), Credit Agreement (Auto Disposal of Memphis, Inc.), Guarantee and Collateral Agreement (Adesa California, LLC)
Pledged Stock and Pledged Notes. (a) The shares of Pledged Stock pledged by such Grantor hereunder constitute all the issued and outstanding shares of all classes of the Capital Stock of each Issuer owned by such Grantor or, in the case of Foreign Subsidiary Voting Stock, if less, 65% of the outstanding first tier Foreign Subsidiary Voting Stock of each relevant Issuer.
Appears in 3 contracts
Samples: Guarantee and Collateral Agreement (Del Pharmaceuticals, Inc.), Guarantee and Collateral Agreement (Del Laboratories Inc), Guarantee and Collateral Agreement (Del Laboratories Inc)
Pledged Stock and Pledged Notes. (a) The shares of Pledged Stock pledged by such Grantor hereunder constitute all the issued and outstanding shares of all classes of the Capital Stock of each Issuer owned by such Grantor or, in the case of Foreign Subsidiary Voting Stock, 65% of the outstanding first tier First Tier Foreign Subsidiary Voting Stock of each relevant Issuer.
Appears in 3 contracts
Samples: Guarantee and Collateral Agreement, Credit Agreement (KAR Auction Services, Inc.), Guarantee and Collateral Agreement (KAR Auction Services, Inc.)
Pledged Stock and Pledged Notes. (a) The shares of Pledged Stock pledged by such Grantor hereunder constitute all the issued and outstanding shares of all classes of the Capital Stock of each Issuer owned by such Grantor or, in the case of Foreign Subsidiary Voting Stock, 65% of the outstanding first tier Foreign Subsidiary Voting Stock of each relevant Issuer.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (IAA Acquisition Corp.)
Pledged Stock and Pledged Notes. (a) The shares of Pledged Stock pledged by such Grantor hereunder constitute all the issued and outstanding shares of all classes of the Capital Stock of each Issuer owned by such Grantor or, in the case of Foreign Subsidiary Voting Stock, 65% of the outstanding first tier First Tier Foreign Subsidiary Voting Stock of each relevant IssuerIssuer that is a First Tier Foreign Subsidiary.
Appears in 1 contract
Samples: Third Amendment Agreement (KAR Auction Services, Inc.)
