Common use of Specified Subsidiaries Clause in Contracts

Specified Subsidiaries. The definition of “Specified Subsidiaries in Section 1.111C of the Loan Agreement is hereby amended by deleting such subsection in its entirety and replacing it with the following: “ ‘Specified Subsidiaries’ shall mean, collectively, (a) Maryland Wire, (b) H&H Tube, (c) H&H Electronic, (d) Hardy & ▇▇▇▇▇▇ Ele (Asia) SdN Bhd., a Malaysian corporation, (e) Indiana Tube Denmark (effective as of December 31, 2008), (f) Sumco (effective upon the consummation of either (x) the sale of all of the Capital Stock of Sumco as permitted by Section 9.7(b)(viii) hereof or (y) the sale or other disposition of all or substantially all of the assets and properties of Sumco as permitted by Section 9.7(b)(viii) hereof (other than the Real Property and related Equipment of Sumco located in Indianapolis, Indiana) and either the cessation of operations of Sumco or the winding up, liquidation or dissolution of Sumco as permitted by Section 9.7(c) hereof), and (g) the Exempt Subsidiary (effective upon the consummation of either (x) the sale of all of the Capital Stock of the Exempt Subsidiary as permitted by Section 9.7(b)(ix) hereof or (y) the sale or other disposition of all or substantially all of the assets and properties of the Exempt Subsidiary as permitted by Section 9.7(b)(ix) hereof and the cessation of operations of the Exempt Subsidiary).”

Appears in 1 contract

Sources: Loan and Security Agreement (WHX Corp)

Specified Subsidiaries. The definition of “Specified Subsidiaries Subsidiaries” in Section 1.111C of the Loan Agreement is hereby amended by deleting such subsection definition in its entirety and replacing it with the following: “ ‘Specified Subsidiaries’ shall mean, collectively, (a) Maryland Wire, (b) H&H Tube, (c) H&H Electronic, (d) Hardy & ▇▇▇▇▇▇ Ele (Asia) SdN Bhd., a Malaysian corporation, (e) Indiana Tube Denmark (effective as of December 31, 2008), (f) Sumco (effective upon the consummation of either (x) the sale of all of the Capital Stock of Sumco as permitted by Section 9.7(b)(viii) hereof or (y) the sale or other disposition of all or substantially all of the assets and properties of Sumco as permitted by Section 9.7(b)(viii) hereof (other than the Real Property and related Equipment of Sumco located in Indianapolis, Indiana) and either the cessation of operations of Sumco or the winding up, liquidation or dissolution of Sumco as permitted by Section 9.7(c) hereof), and (g) the Exempt Subsidiary (effective upon the consummation of either (x) the sale of all of the Capital Stock of the Exempt Subsidiary as permitted by Section 9.7(b)(ix) hereof or (y) the sale or other disposition of all or substantially all of the assets and properties of the Exempt Subsidiary as permitted by Section 9.7(b)(ix) hereof and the cessation of operations of the Exempt Subsidiary).”

Appears in 1 contract

Sources: Loan and Security Agreement (WHX Corp)