Common use of Stock Certificates and Powers Clause in Contracts

Stock Certificates and Powers. If not previously delivered to the Administrative Agent, (i) delivery of 100% of the stock of each Subsidiary of the U.S. Borrower domiciled in the United States and 66% of the stock of each Subsidiary of the U.S. Borrower domiciled outside of the United States (other than a Subsidiary owned as part of or in connection with the Chinese Investment) to secure the obligations of the U.S. Borrower under the Loan Document and (ii) delivery of 100% of the stock of each Subsidiary of the Canadian Borrower to secure the obligations of the Canadian Borrower under the Loan Documents, along with duly executed stock powers, and such other documents and instruments as required by the Stock Pledge Agreements.

Stock Certificates and Powers. If not previously delivered to the Administrative Agent, (i) delivery of 100% of the stock of each Subsidiary of the U.S. Borrower domiciled in the United States and 66% of the stock of each Subsidiary of the U.S. Borrower domiciled outside of the United States (other than a Subsidiary owned as part Subsidiaries domiciled in the Peoples Republic of or in connection with the Chinese InvestmentChina) to secure the obligations of the U.S. Borrower under the Loan Document and (ii) delivery of 100% of the stock of each Subsidiary of the Canadian Borrower to secure the obligations of the Canadian Borrower under the Loan Documents, along with duly executed stock powers, and such other documents and instruments as required by the Stock Pledge Agreements.