Certain Steps Sample Clauses

Certain Steps. As part of the Recapitalization Transaction: (i) the proceeds of the shares of Ten Network Holdings Limited (“Ten Network”) that were held by Irish Holdco and subject to the equitable mortgage held by CIBC Mellon Trust Company (collectively, the “Irish Holdco Ten Shares”) and that have been sold have been applied as set forth in the Use of Cash Collateral and Consent Agreement entered into by, among others, CMI, Canwest Global and certain of the Noteholders dated as of September 23, 2009 (the “Cash Collateral Agreement”); (ii) the Class B Subordinated Voting Shares and Non-Voting Shares, together as a stapled security, and the Class A Subordinated Voting Shares of a restructured Canwest Global will be listed on the Toronto Stock Exchange (the “TSX”) or, subject to compliance with applicable laws and obtaining any necessary or desirable regulatory or third party approvals or consents, a new TSX listed company will be formed (such restructured or new company is referred to in this Term Sheet as “Restructured Canwest Global”); and (iii) Restructured Canwest Global will issue to affected creditors (including the Noteholders) and existing shareholders of Canwest Global either Class A Subordinated Voting Shares or Non-Voting Shares and Class B Subordinated Voting Shares, together as a stapled security, in the capital of Restructured Canwest Global, as described more fully below; provided that the foregoing is at all times in compliance with the Canadian ownership and control requirements as contained in the Direction to the CRTC (Ineligibility of Non-Canadians) (the “Direction”) and subject to the prior approval of the Canadian Radio-television and Telecommunications Commission (the “CRTC”), as applicable.