Common use of Creation and Grant of the Deferral Event Subscription Clause in Contracts

Creation and Grant of the Deferral Event Subscription. (a) TCPL hereby grants the Deferral Event Subscription together with its undertaking to, and covenants in favour of, the Indenture Trustee, as bare trustee and nominee for and on behalf of, and for the use and benefit of, the Holders of Trust Notes — Series 2015-A, to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — Series 2015-A Provisions and the provisions of this Agreement. TCPL hereby acknowledges receipt from the Indenture Trustee, as bare trustee and nominee for and on behalf of the Holders of Trust Notes — Series 2015-A, of good and valuable consideration for such grant and covenant and the sufficiency thereof. (b) The Indenture Trustee, for and on behalf of the Holders of Trust Notes — Series 2015-A, hereby grants its undertaking to, and covenants in favour of, TCPL to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — Series 2015-A Provisions and the provisions of this Agreement. The Indenture Trustee, for and on behalf of the Holders of Trust Notes — Series 2015-A, hereby acknowledges receipt from TCPL of good and valuable consideration for such grant and covenant and the sufficiency thereof. (c) During the term of the trust created under this Agreement and subject to the terms and conditions of the Trust Notes — Series 2015-A Provisions and this Agreement, the Indenture Trustee shall possess and be vested with full legal right, entitlement and ownership to the rights arising from TCPL’s grant and covenant under Section 3.1(a) and the full power and authority of the Holders pursuant to and in accordance with the Trust Notes — Series 2015-A Provisions to perform the undertaking and covenant under Section 3.1(b). The Indenture Trustee shall be entitled to exercise all of the related rights, privileges and powers of, under and with respect to the grant and covenant under Section 3.1 (a), and to give effect to and perform the grant and covenant under Section 3.1(b), provided that the Indenture Trustee shall: (i) hold the Deferral Event Subscription rights and the legal title thereto as bare trustee and nominee for and solely for the use and benefit of the Holders of Trust Notes — Series 2015-A and TCPL in accordance with and subject to the Trust Notes — Series 2015-A Provisions and this Agreement; (ii) give effect to the Deferral Event Subscription in compliance with and subject to the Trust Notes — Series 2015-A Provisions and this Agreement; and (iii) except as specifically authorized by this Agreement, have no power or authority to exercise or otherwise deal in or with the Deferral Event Subscription rights, and the Indenture Trustee shall not exercise any related rights for any purpose, in each case other than pursuant to this Agreement.

Creation and Grant of the Deferral Event Subscription. (a) TCPL hereby grants the Deferral Event Subscription together with its undertaking to, and covenants in favour of, the Indenture Trustee, as bare trustee and nominee for and on behalf of, and for the use and benefit of, the Holders of Trust Notes — Series 20152016-A, to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — Series 20152016-A Provisions and the provisions of this Agreement. TCPL hereby acknowledges receipt from the Indenture Trustee, as bare trustee and nominee for and on behalf of the Holders of Trust Notes — Series 20152016-A, of good and valuable consideration for such grant and covenant and the sufficiency thereof. (b) The Indenture Trustee, for and on behalf of the Holders of Trust Notes — Series 20152016-A, hereby grants its undertaking to, and covenants in favour of, TCPL to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — Series 20152016-A Provisions and the provisions of this Agreement. The Indenture Trustee, for and on behalf of the Holders of Trust Notes — Series 20152016-A, hereby acknowledges receipt from TCPL of good and valuable consideration for such grant and covenant and the sufficiency thereof. (c) During the term of the trust created under this Agreement and subject to the terms and conditions of the Trust Notes — Series 20152016-A Provisions and this Agreement, the Indenture Trustee shall possess and be vested with full legal right, entitlement and ownership to the rights arising from TCPL’s grant and covenant under Section 3.1(a) and the full power and authority of the Holders pursuant to and in accordance with the Trust Notes — Series 20152016-A Provisions to perform the undertaking and covenant under Section 3.1(b). The Indenture Trustee shall be entitled to exercise all of the related rights, privileges and powers of, under and with respect to the grant and covenant under Section 3.1 (a), and to give effect to and perform the grant and covenant under Section 3.1(b), provided that the Indenture Trustee shall: (i) hold the Deferral Event Subscription rights and the legal title thereto as bare trustee and nominee for and solely for the use and benefit of the Holders of Trust Notes — Series 20152016-A and TCPL in accordance with and subject to the Trust Notes — Series 20152016-A Provisions and this Agreement; (ii) give effect to the Deferral Event Subscription in compliance with and subject to the Trust Notes — Series 20152016-A Provisions and this Agreement; and (iii) except as specifically authorized by this Agreement, have no power or authority to exercise or otherwise deal in or with the Deferral Event Subscription rights, and the Indenture Trustee shall not exercise any related rights for any purpose, in each case other than pursuant to this Agreement.

Creation and Grant of the Deferral Event Subscription. (a) TCPL hereby grants the Deferral Event Subscription together with its undertaking to, and covenants in favour of, the Indenture Trustee, as bare trustee and nominee for and on behalf of, and for the use and benefit of, the Holders of Trust Notes — Series 20152017-A, to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — Series 20152017-A Provisions and the provisions of this Agreement. TCPL hereby acknowledges receipt from the Indenture Trustee, as bare trustee and nominee for and on behalf of the Holders of Trust Notes — Series 20152017-A, of good and valuable consideration for such grant and covenant and the sufficiency thereof. (b) The Indenture Trustee, for and on behalf of the Holders of Trust Notes — Series 20152017-A, hereby grants its undertaking to, and covenants in favour of, TCPL to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — Series 20152017-A Provisions and the provisions of this Agreement. The Indenture Trustee, for and on behalf of the Holders of Trust Notes — Series 20152017-A, hereby acknowledges receipt from TCPL of good and valuable consideration for such grant and covenant and the sufficiency thereof. (c) During the term of the trust created under this Agreement and subject to the terms and conditions of the Trust Notes — Series 20152017-A Provisions and this Agreement, the Indenture Trustee shall possess and be vested with full legal right, entitlement and ownership to the rights arising from TCPL’s grant and covenant under Section 3.1(a) and the full power and authority of the Holders pursuant to and in accordance with the Trust Notes — Series 20152017-A Provisions to perform the undertaking and covenant under Section 3.1(b). The Indenture Trustee shall be entitled to exercise all of the related rights, privileges and powers of, under and with respect to the grant and covenant under Section 3.1 (a), and to give effect to and perform the grant and covenant under Section 3.1(b), provided that the Indenture Trustee shall: (i) hold the Deferral Event Subscription rights and the legal title thereto as bare trustee and nominee for and solely for the use and benefit of the Holders of Trust Notes — Series 20152017-A and TCPL in accordance with and subject to the Trust Notes — Series 20152017-A Provisions and this Agreement; (ii) give effect to the Deferral Event Subscription in compliance with and subject to the Trust Notes — Series 20152017-A Provisions and this Agreement; and (iii) except as specifically authorized by this Agreement, have no power or authority to exercise or otherwise deal in or with the Deferral Event Subscription rights, and the Indenture Trustee shall not exercise any related rights for any purpose, in each case other than pursuant to this Agreement.

Creation and Grant of the Deferral Event Subscription. (a) TCPL hereby grants the Deferral Event Subscription together with its undertaking to, and covenants in favour of, the Indenture Trustee, as bare trustee and nominee for and on behalf of, and for the use and benefit of, the Holders of Trust Notes — – Series 20152022-A, to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — – Series 20152022-A Provisions and the provisions of this Agreement. TCPL hereby acknowledges receipt from the Indenture Trustee, as bare trustee and nominee for and on behalf of the Holders of Trust Notes — – Series 20152022-A, of good and valuable consideration for such grant and covenant and the sufficiency thereof. (b) The Indenture Trustee, for and on behalf of the Holders of Trust Notes — – Series 20152022-A, hereby grants its undertaking to, and covenants in favour of, TCPL to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — – Series 20152022-A Provisions and the provisions of this Agreement. The Indenture Trustee, for and on behalf of the Holders of Trust Notes — – Series 20152022-A, hereby acknowledges receipt from TCPL of good and valuable consideration for such grant and covenant and the sufficiency thereof. (c) During the term of the trust created under this Agreement and subject to the terms and conditions of the Trust Notes — – Series 20152022-A Provisions and this Agreement, the Indenture Trustee shall possess and be vested with full legal right, entitlement and ownership to the rights arising from TCPL’s 's grant and covenant under Section 3.1(a) and the full power and authority of the Holders pursuant to and in accordance with the Trust Notes — – Series 20152022-A Provisions to perform the undertaking and covenant under Section 3.1(b). The Indenture Trustee shall be entitled to exercise all of the related rights, privileges and powers of, under and with respect to the grant and covenant under under Section 3.1 (a3.1(a), and to give effect to and perform the grant and covenant under Section 3.1(b), provided that the Indenture Trustee shall: (i) hold the Deferral Event Subscription rights and the legal title thereto as bare trustee and nominee for and solely for the use and benefit of the Holders of Trust Notes — – Series 20152022-A and TCPL in accordance with and subject to the Trust Notes — – Series 20152022-A Provisions and this Agreement; (ii) give effect to the Deferral Event Subscription in compliance with and subject to the Trust Notes — – Series 20152022-A Provisions and this Agreement; and (iii) except as specifically authorized by this Agreement, have no power or authority to exercise or otherwise deal in or with the Deferral Event Subscription rights, and the Indenture Trustee shall not exercise any related rights for any purpose, in each case other than pursuant to this Agreement.

Creation and Grant of the Deferral Event Subscription. (a) TCPL hereby grants the Deferral Event Subscription together with its undertaking to, and covenants in favour of, the Indenture Trustee, as bare trustee and nominee for and on behalf of, and for the use and benefit of, the Holders of Trust Notes — Series 20152019-A, to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — Series 20152019-A Provisions and the provisions of this Agreement. TCPL hereby acknowledges receipt from the Indenture Trustee, as bare trustee and nominee for and on behalf of the Holders of Trust Notes — Series 20152019-A, of good and valuable consideration for such grant and covenant and the sufficiency thereof. (b) The Indenture Trustee, for and on behalf of the Holders of Trust Notes — Series 20152019-A, hereby grants its undertaking to, and covenants in favour of, TCPL to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — Series 20152019-A Provisions and the provisions of this Agreement. The Indenture Trustee, for and on behalf of the Holders of Trust Notes — Series 20152019-A, hereby acknowledges receipt from TCPL of good and valuable consideration for such grant and covenant and the sufficiency thereof. (c) During the term of the trust created under this Agreement and subject to the terms and conditions of the Trust Notes — Series 20152019-A Provisions and this Agreement, the Indenture Trustee shall possess and be vested with full legal right, entitlement and ownership to the rights arising from TCPL’s grant and covenant under Section 3.1(a) and the full power and authority of the Holders pursuant to and in accordance with the Trust Notes — Series 20152019-A Provisions to perform the undertaking and covenant under Section 3.1(b). The Indenture Trustee shall be entitled to exercise all of the related rights, privileges and powers of, under and with respect to the grant and covenant under under Section 3.1 (a3.1(a), and to give effect to and perform the grant and covenant under Section 3.1(b), provided that the Indenture Trustee shall: (i) hold the Deferral Event Subscription rights and the legal title thereto as bare trustee and nominee for and solely for the use and benefit of the Holders of Trust Notes — Series 20152019-A and TCPL in accordance with and subject to the Trust Notes — Series 20152019-A Provisions and this Agreement; (ii) give effect to the Deferral Event Subscription in compliance with and subject to the Trust Notes — Series 20152019-A Provisions and this Agreement; and (iii) except as specifically authorized by this Agreement, have no power or authority to exercise or otherwise deal in or with the Deferral Event Subscription rights, and the Indenture Trustee shall not exercise any related rights for any purpose, in each case other than pursuant to this Agreement.

Creation and Grant of the Deferral Event Subscription. (a) TCPL hereby grants the Deferral Event Subscription together with its undertaking to, and covenants in favour of, the Indenture Trustee, as bare trustee and nominee for and on behalf of, and for the use and benefit of, the Holders of Trust Notes — Series 20152019-A, to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — Series 20152019-A Provisions and the provisions of this Agreement. TCPL hereby acknowledges receipt from the Indenture Trustee, as bare trustee and nominee for and on behalf of the Holders of Trust Notes — Series 20152019-A, of good and valuable consideration for such grant and covenant and the sufficiency thereof. (b) The Indenture Trustee, for and on behalf of the Holders of Trust Notes — Series 20152019-A, hereby grants its undertaking to, and covenants in favour of, TCPL to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — Series 20152019-A Provisions and the provisions of this Agreement. The Indenture Trustee, for and on behalf of the Holders of Trust Notes — Series 20152019-A, hereby acknowledges receipt from TCPL of good and valuable consideration for such grant and covenant and the sufficiency thereof. (c) During the term of the trust created under this Agreement and subject to the terms and conditions of the Trust Notes — Series 20152019-A Provisions and this Agreement, the Indenture Trustee shall possess and be vested with full legal right, entitlement and ownership to the rights arising from TCPL’s grant and covenant under Section 3.1(a) and the full power and authority of the Holders pursuant to and in accordance with the Trust Notes — Series 20152019-A Provisions to perform the undertaking and covenant under Section 3.1(b). The Indenture Trustee shall be entitled to exercise all of the related rights, privileges and powers of, under and with respect to the grant and covenant under Section 3.1 (a), and to give effect to and perform the grant and covenant under Section 3.1(b), provided that the Indenture Trustee shall: (i) hold the Deferral Event Subscription rights and the legal title thereto as bare trustee and nominee for and solely for the use and benefit of the Holders of Trust Notes — Series 20152019-A and TCPL in accordance with and subject to the Trust Notes — Series 20152019-A Provisions and this Agreement; (ii) give effect to the Deferral Event Subscription in compliance with and subject to the Trust Notes — Series 20152019-A Provisions and this Agreement; and (iii) except as specifically authorized by this Agreement, have no power or authority to exercise or otherwise deal in or with the Deferral Event Subscription rights, and the Indenture Trustee shall not exercise any related rights for any purpose, in each case other than pursuant to this Agreement.