Pledged Equity

Pledged Equity. The respective meanings set forth in the Indenture Security Agreement.

Pledged Equity. With respect to each Obligor, (i) 100% of the issued and outstanding Capital Securities of each Domestic Subsidiary that is directly owned by such Obligor and (ii) 65% (or such greater percentage that, due to a change in an applicable Law after the date hereof, (A) could not reasonably be expected to cause the undistributed earnings of such Foreign Subsidiary as determined for United States federal income tax purposes to be treated as a deemed dividend to such Foreign Subsidiary's United States... parent and (B) could not reasonably be expected to cause any material adverse tax consequences) of the issued and outstanding Capital Securities entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and 100% of the issued and outstanding Capital Securities not entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) in each Foreign Subsidiary other than the Excluded Subsidiary that is directly owned by such Obligor, including the Capital Securities of the Subsidiaries owned by such Obligor as set forth on Schedule 1 hereto, in each case together with the certificates (or other agreements or instruments), if any, representing such Capital Securities, and all options and other rights, contractual or otherwise, with respect thereto View More

Pledged Equity. The representations and warranties set forth in Article IV of the Credit Agreement and in Article II of the Pledge Agreement, to the extent relating to such Additional Subsidiary Guarantor or to the Pledged Equity evidenced by the certificates, if any, identified in Appendix A hereto.

Pledged Equity. Shall mean all of the beneficial ownership interest of the Seller acquired by NCMC from time to time.