Common use of Stock Collateral Clause in Contracts

Stock Collateral. (i) All shares of the capital stock of each Subsidiary which is a corporation owned or held directly by such Pledgor, whether now owned or hereafter formed or acquired (those shares delivered to and deposited with the Agent on or prior to the date hereof being listed and described on Schedule A attached hereto), and all substitutions and additions to such shares (herein, the "Pledged Securities"), provided that, in the case of a lien and security interest on the capital stock of a company incorporated or otherwise organized outside of the United States of America or any State or territory thereof (herein a "Foreign Company"), if any such grant of lien would amount to more than 65% of the total combined voting stock of any such Foreign Company, then such lien and security interest shall be limited to a lien and security interest on the shares of capital stock representing 65% of the total combined voting stock of such Foreign Company if granting a lien and security interest in more than such 65% ownership interest would cause material adverse tax consequences to the Parent, and such voting stock of any Foreign Company not required to be pledged hereunder shall not be included in the definition of "Pledged Securities", (ii) all dividends, distributions and sums distributable or payable from, upon or in respect of the Pledged Securities, and (iii) all other rights and privileges incident to the Pledged Securities (all of the foregoing being hereinafter referred to collectively as the "Stock Collateral");

Stock Collateral. (i) All shares of the capital stock of each Subsidiary which is a corporation owned or held directly by such Pledgor, whether now owned or hereafter formed or acquired (those shares delivered to and deposited with the Agent on or prior to the date hereof being listed and described on Schedule A attached hereto), and all substitutions and additions to such shares (herein, the "“Pledged Securities"”), provided that, in the case of a lien and security interest on the capital stock of a company incorporated or otherwise organized outside of the United States of America or any State or territory thereof (herein a "“Foreign Company"”), if any such grant of lien would amount to more than 65% of the total combined voting stock of any such Foreign Company, then such lien and security interest shall be limited to a lien and security interest on the shares of capital stock representing 65% of the total combined voting stock of such Foreign Company if granting a lien and security interest in more than such 65% ownership interest would cause material adverse tax consequences to the Parent, and such voting stock of any Foreign Company not required to be pledged hereunder shall not be included in the definition of "“Pledged Securities"”, (ii) all dividends, distributions and sums distributable or payable from, upon or in respect of the Pledged Securities, and and (iii) all other rights and privileges incident to the Pledged Securities (all of the foregoing being hereinafter referred to collectively as the "“Stock Collateral"”);