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

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

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