Percentage Pledged. The Securing Parties will cause the Stock Collateral to constitute at all times (i) in the case of the Issuers other than Restricted Issuers, 100% of all the total number of shares of capital stock of each such Issuer then issued and outstanding and (ii) in the case of the Restricted Issuers, 65% of the total number of shares of the voting stock of the Restricted Issuers (it being understood that, in the case of Solutia Europe, shares of treasury stock or stock of Solutia Europe held by Solutia Europe shall not be deemed to be outstanding) and 100% of the total number of shares of all other classes of capital stock of each Restricted Issuer then issued and outstanding.
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Sources: Junior Security Agreement (Solutia Inc), Security and Guarantee Agreement (Solutia Inc)
Percentage Pledged. The Securing Parties will cause ------------------ the Stock Collateral to constitute at all times (i) in the case of the Issuers other than Restricted Issuers, 100% of all the total number of shares of capital stock of each such Issuer then issued and outstanding and (ii) in the case of the Restricted Issuers, 65% of the total number of shares of the voting stock of the Restricted Issuers (it being understood that, in the case of Solutia Europe, shares of treasury stock or stock of Solutia Europe held by Solutia Europe shall not be deemed to be outstanding) and 100% of the total number of shares of all other classes of capital stock of each Restricted Issuer then issued and outstanding.
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