Foreign Subsidiary Stock definition
Examples of Foreign Subsidiary Stock in a sentence
COLLATERAL 90 7.1 Grant of Security Interest in Canadian Collateral 90 7.2 Grant of Security Interest in U.S. Collateral 91 7.3 Lien on Deposit Accounts; Cash Collateral 92 7.4 Reserved 93 7.5 Other Collateral 93 7.6 Limitations 93 7.7 Further Assurances 93 7.8 Foreign Subsidiary Stock of U.S. Obligors 93 Section 8.
On or before sixty (60) days from and after the Closing Date, deliver executed stock power certificates for sixty-five percent (65%) of the shares of the Foreign Subsidiary Stock.
The provisions of this Section 5.7 shall apply to Borrower's Subsidiary HEICO International corporation, a U.S. Virgin Islands corporation ("HIC"), and Borrower shall pledge and grant to Agent for the benefit of the Lenders pursuant to the Foreign Subsidiary Stock Pledge Agreement a first priority security interest in 65% of the stock of HIC owned by Borrower.