TCAS Subsidiary. The Borrower shall at all times own, directly or indirectly, at least fifty-one percent (51%) of the Capital Stock of the TCAS Subsidiary; provided, that Borrower shall be permitted to sell all of the Capital Stock of the TCAS Subsidiary owned, directly or indirectly, by Borrower without violating the terms of this subsection so long as the Net Proceeds resulting therefrom are applied in accordance with the terms of subsection 2.6(b)(ii) and (iv) hereof. 4.4 Section 6 of the Credit Agreement is hereby further amended by adding the following new Subsection 6.16:
Appears in 3 contracts
Samples: 364 Day Credit Agreement (L 3 Communications Corp), Credit Agreement (L 3 Communications Corp), 364 Day Credit Agreement (L 3 Communications Corp)
TCAS Subsidiary. The Borrower shall at all times own, directly or indirectly, at least fifty-one percent (51%) of the Capital Stock of the TCAS Subsidiary; provided, that Borrower shall be permitted to sell all of the Capital Stock of the TCAS Subsidiary owned, directly or indirectly, by Borrower without violating the terms of this subsection so long as the Net Proceeds resulting therefrom are applied in accordance with the terms of subsection 2.6(b)(ii) and (iviii) hereof.
4.4 Section 6 of the Credit Agreement is hereby further amended by adding the following new Subsection 6.16:
Appears in 2 contracts
Samples: 364 Day Credit Agreement (L 3 Communications Corp), Credit Agreement (L 3 Communications Corp)
