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
Sources: Security Agreement (Sport Chalet Inc), Security Agreement (Sport Chalet Inc), Secured Continuing Guaranty (Sport Chalet Inc)
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
Sources: Term Loan and Security Agreement (Sport Chalet Inc), Loan and Security Agreement (Alon USA Energy, Inc.), Loan and Security Agreement (Sport Chalet Inc)