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 2019-A, to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — Series 2019-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 2019-A, of good and valuable consideration for such grant and covenant and the sufficiency thereof.

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 20192017-A, to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — Series 20192017-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 20192017-A, of good and valuable consideration for such grant and covenant and the sufficiency thereof.

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 20192015-A, to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — Series 20192015-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 20192015-A, of good and valuable consideration for such grant and covenant and the sufficiency thereof.

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 20192016-A, to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — Series 20192016-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 20192016-A, of good and valuable consideration for such grant and covenant and the sufficiency thereof.

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 20192022-A, to give effect to the Deferral Event Subscription in accordance with and subject to the Trust Notes — – Series 20192022-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 20192022-A, of good and valuable consideration for such grant and covenant and the sufficiency thereof.