Security Offer definition
Security Offer has the meaning set forth in Section 9.07(a).
Security Offer means the creation of a security interest on any Covenants Object Assets (other than Unrestricted Margin Stock), or the promise to create a security interest on any Covenants Object Assets (other than Unrestricted Margin Stock), and does not include any securities created pursuant to Laws and Ordinances, etc. such as lien and reserved right, etc.