Percentage Pledged. The Securing Parties will cause the Stock Collateral to constitute at all times (i) in the case of the Issuers other than Restricted Issuers, 100% of all the total number of shares of capital stock of each such Issuer then issued and outstanding and (ii) in the case of the Restricted Issuers, 65% of the total number of shares of the voting stock of the Restricted Issuers (it being understood that, in the case of Solutia Europe, shares of treasury stock or stock of Solutia Europe held by Solutia Europe shall not be deemed to be outstanding) and 100% of the total number of shares of all other classes of capital stock of each Restricted Issuer then issued and outstanding.
Percentage Pledged. The Obligors will cause the Equity Collateral to constitute at all times 100% of the total number of shares of each class of capital stock of each Issuer then outstanding held by the Obligors, provided that in the case of any Issuer that is a Foreign Subsidiary (other than a Special Purpose Foreign Subsidiary), the Obligors shall only be required to pledge 65% of the total number of shares of the voting stock of each such Issuer then issued and outstanding (to the extent held by them) and 100% of the total number of shares of all other classes of capital stock of each such Issuer then issued and outstanding (to the extent held by them), or such greater percentage of such stock of such Foreign Subsidiary as shall be agreed to by the Obligors pursuant to the requirements of Section 5.11 of the Credit Agreement.
Percentage Pledged. The Pledgor will cause the Pledged Equity Interests to constitute at all times 100% of the total number of Equity Interests of the Borrower then outstanding.
Percentage Pledged. In the case of each Grantor, such Grantor will cause the Pledged Shares to constitute at all times 100% of the total number of Shares of its respective Subsidiaries then outstanding or issued.
Percentage Pledged. As of the Effective Date, the Pledged Equity pledged by such Grantor constitutes the percentage of the issued and outstanding Equity Interests of the issuers thereof indicated on Schedule 2 hereto. As of the Effective Date, no Grantor has any investment property or financial assets other than the investment property and financial assets listed on Schedules 1 and 2 hereto.
Percentage Pledged. The Pledgor will cause its equity interest in the Lessee to constitute at all times 100% of the total number of membership and other ownership interests of the Lessee then outstanding.
Percentage Pledged. The Company will cause the Pledged Shares to ------------------ constitute at all times 100% of the total number of Shares of the Issuer then outstanding.
Percentage Pledged. The Grantor Parties will cause the Stock Collateral to constitute at all times, in the case of all Issuers that are (i) Restricted Subsidiaries, 100% of all the total number of shares of capital stock of each such Issuer then issued and outstanding and (ii) Unrestricted Subsidiaries, 65% of the total number of shares of the voting stock and 100% of the total number of shares of all other classes of capital stock of such Issuer then issued and outstanding.
Percentage Pledged. The Grantors will cause the Stock Collateral to constitute at all times 100% of the total number of shares of each class of capital stock of each Issuer then issued and outstanding.
Percentage Pledged. The Pledgor will cause its equity interest in the Project Developer to constitute at all times 100% of the total number of membership and other ownership interests of the Project Developer then outstanding.
