Direct Security definition
Direct Security means the following security to be delivered by each Wholly-Owned Subsidiary of the Canadian Borrower (other than the Excluded Subsidiaries and Unrestricted Entities), in each case in form and substance satisfactory to the Agent:
Direct Security means each of (i) a Subsidiary Guarantee, (ii) a Pledge Agreement, Partnership Interest Pledge Agreement or Stock Pledge Agreement (or the like, as the case may be), an Assignment Agreement (Call Option Rights) and a Minority Shareholders’ Acknowledgement Agreement (Call Option Rights), in the case of each of the documents in this clause (ii) in substantially the form of the equivalent Security Documents bearing the same names set forth in Schedule 5.21 and delivered on and after April 1, 2005 through the date of Closing (as such Security Documents may have been amended or otherwise modified, including without limitation, as may have been amended and/or modified by the Omnibus Amendment Agreements as of the date hereof), and (iii) each other document constituting Direct Security delivered to the Banks from time to time after the Closing pursuant to the Credit Agreement or to the Collateral Agent for the benefit of the 2003 Noteholders, the 2013 Noteholders and the holders of the Notes from time to time after the Closing pursuant to the Note Agreements and this Agreement.
Direct Security means the Security designated as Direct Security in Schedule "C".
More Definitions of Direct Security
Direct Security means each of the following security to be delivered by the Company and each Guarantor, as applicable (other than the Unrestricted Entities), in each case in form and substance satisfactory to the Required Holders:
Direct Security means each of (i) a Subsidiary Guarantee, (ii) a Pledge Agreement or Stock Pledge Agreement, an Assignment Agreement (Call Option Rights) and a Minority Shareholders’ Acknowledgement Agreement (Call Option Rights), in the case of each of the documents in this clause (ii) in substantially the form of the equivalent Security Documents bearing the same names set forth in Schedule 5.21 and delivered on the date of the Closing (provided that no Minority Shareholders’ Acknowledgement Agreement shall be required in respect of CMN Holdco Inc. and its Subsidiaries unless and until such time as the Banks shall have the benefit of such a Minority Shareholder Acknowledgement Agreement) and (iii) each other document constituting Direct Security delivered to the Banks from time to time after the Closing pursuant to the Credit Agreement or to the Collateral Agent for the benefit of the 2001 Noteholders, the 2003 Noteholders and the holders of the Notes from time to time after the Closing pursuant to the Note Agreements and this Agreement.