Pledge of Subsidiary Stock. Notwithstanding any provision contained in this Agreement to the contrary, the Company will not and will not permit any Subsidiary to ▇▇▇▇▇ ▇ ▇▇▇▇ on the stock of any Subsidiary, except that the Company may pledge the stock of any Subsidiary, provided that, contemporaneous with any such pledge, the Company shall cause all obligations owing to the holders of Notes (including any Shelf Note) to be equally and ratably secured and shall execute and deliver to each holder of Notes a duly executed Pledge Agreement in the form attached hereto as Exhibit F.
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Sources: Senior Promissory Note Agreement (Quaker Fabric Corp /De/)
Pledge of Subsidiary Stock. Notwithstanding any provision contained in this Agreement to the contrary, the Company will not and will not permit any Subsidiary to ▇▇▇▇▇ ▇ ▇▇▇▇ on the stock of any Subsidiary, except that the Company may pledge the stock of any Subsidiary, provided that, contemporaneous with any such pledge, the Company shall cause all obligations owing to the holders of Notes (including any Shelf Note) to be equally and ratably secured and shall execute and deliver to each holder of Notes a duly executed Pledge Agreement in the form attached hereto as Exhibit F.E.
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