Common use of Deposit of Redemption Moneys Clause in Contracts

Deposit of Redemption Moneys. Redemption of Debt Securities shall be provided for by the Corporation depositing with the Trustee or any Paying Agent to the order of the Trustee, on or before the redemption date specified in such notice, such sums as may be sufficient to pay the redemption price of the Debt Securities so called for redemption, plus accrued interest thereon to the date of redemption. From the sums so deposited the Trustee shall pay or cause to be paid to the holders of such Debt Securities so called for redemption, upon surrender of such Debt Securities with the unmatured coupons, if any, appertaining thereto, the principal, premium, if any, and interest to which they are respectively entitled on redemption, provided that, in the case of coupon Debt Securities, the accrued interest as represented by coupons matured prior to, or on, the redemption date shall continue to be payable (but without interest thereon, unless the Corporation shall make default in the payment thereof upon demand) to the respective bearers of the coupons therefor upon presentation and surrender thereof, and provided, further, that unless otherwise provided pursuant to Section 2.2 with respect to the Debt Securities of any series, installments of interest on Debt Securities which are due and payable on any date on or prior to the relevant redemption date will be payable to the holders of such Debt Securities (or one or more predecessor Debt Securities) registered as such at the close of business on the relevant record dates.

Deposit of Redemption Moneys. Redemption of Debt Securities Debentures shall be provided for by the Corporation Company depositing with the Debenture Trustee or any Paying Agent paying agent to the order of the Debenture Trustee, on or before 11:00 a.m. (Toronto time) on the redemption date Business Day immediately prior to the Redemption Put Date specified in such notice, such sums of money as may be sufficient to pay the redemption price Redemption Price of the Debt Securities Debentures so called for redemption, plus accrued and unpaid interest thereon to but excluding the date Redemption Put Date, provided the Company may elect to satisfy this requirement by providing the Debenture Trustee with a certified cheque or a banker’s draft for such amounts required under this Section 5.5 or by providing the Debenture Trustee with such funds through electronic transfer of funds on the Business Day immediately prior to the Redemption Put Date. The Company shall also deposit with the Debenture Trustee a sum of money sufficient to pay any charges or expenses that may be incurred by the Debenture Trustee in connection with such redemption. Every such deposit shall be irrevocable. From the sums so deposited deposited, the Debenture Trustee shall pay or cause to be paid paid, or issue or cause to be issued, to the holders of such Debt Securities Debentures so called for redemption, upon surrender of such Debt Securities with the unmatured coupons, if any, appertaining theretoDebentures, the principal, premium, premium (if any, ) and interest (if any) to which they are respectively entitled on redemption, provided thatless applicable withholding taxes, in if any. If the case money so transferred is insufficient to satisfy the Company’s obligations to the redeeming holders, or the fees and expenses of coupon Debt Securitiesthe Debenture Trustee relating to the redemption, the accrued interest as represented by coupons matured prior to, Debenture Trustee or on, the paying agent for the redemption date shall continue to be payable (but without interest thereonnotify the Company, unless and the Corporation Company shall make default in deposit additional sums of money with the payment thereof upon demand) Debenture Trustee or any paying agent to the respective bearers order of the coupons therefor upon presentation and surrender thereof, and provided, further, that unless otherwise provided pursuant to Section 2.2 with respect to Debenture Trustee. Any costs or losses resulting from a delay resulting from insufficient funds shall be borne by the Debt Securities of any series, installments of interest on Debt Securities which are due and payable on any date on or prior to the relevant redemption date will be payable to the holders of such Debt Securities (or one or more predecessor Debt Securities) registered as such at the close of business on the relevant record datesCompany.

Deposit of Redemption Moneys. Redemption of Debt Securities Debentures shall be provided for by the Corporation Company depositing with the Debenture Trustee or any Paying Agent paying agent to the order of the Debenture Trustee, on or before 11:00 a.m. (Toronto time) on the redemption date Business Day immediately prior to the Redemption Call Date specified in such notice, such sums of money as may be sufficient to pay the redemption price Redemption Price of the Debt Securities Debentures so called for redemption, plus accrued and unpaid interest thereon to but excluding the date Redemption Call Date, provided the Company may elect to satisfy this requirement by providing the Debenture Trustee with a certified cheque for such amounts required under this Section 4.5 or by providing the Debenture Trustee with such funds through electronic transfer of funds on the Business Day immediately prior to the Redemption Call Date. The Company shall also deposit with the Debenture Trustee a sum of money sufficient to pay any charges or expenses that may be incurred by the Debenture Trustee in connection with such redemption. Every such deposit shall be irrevocable. From the sums so deposited deposited, the Debenture Trustee shall pay or cause to be paid paid, or issue or cause to be issued, to the holders of such Debt Securities Debentures so called for redemption, upon surrender of such Debt Securities with the unmatured coupons, if any, appertaining theretoDebentures, the principal, premium, premium (if any, ) and interest (if any) to which they are respectively entitled on redemption, provided thatless applicable withholding taxes, in if any. If the case money so transferred is insufficient to satisfy the Company’s obligations to the redeeming holders, or the fees and expenses of coupon Debt Securitiesthe Debenture Trustee relating to the redemption, the accrued interest as represented by coupons matured prior to, Debenture Trustee or on, the paying agent for the redemption date shall continue notify the Company, and the Company shall deposit additional sums of money with the Debenture Trustee or any paying agent to the order of the Debenture Trustee. Any costs or losses resulting from a delay resulting from insufficient funds shall be borne by the Company. All payments to be payable (but without interest thereon, unless made by the Corporation shall make default in the payment thereof upon demand) to the respective bearers of the coupons therefor upon presentation and surrender thereof, and provided, further, that unless otherwise provided pursuant Debenture Trustee are subject to Section 2.2 with respect to the Debt Securities of any series, installments of interest on Debt Securities which are due and payable on any date on or prior to the relevant redemption date will be payable to the holders of such Debt Securities (or one or more predecessor Debt Securities) registered as such at the close of business on the relevant record dates13.10 hereunder.

Deposit of Redemption Moneys. Redemption of Debt Securities Debentures pursuant to this Article V shall be provided for by the Corporation setting aside in trust or by depositing with the Trustee or any Paying Agent paying agent to the order of the Trustee, on or before at least 1 business day prior to the redemption date specified fixed in such notice, such sums as may be sufficient to pay the redemption price of such Debentures. The Bank shall also deposit with the Debt Securities so called for redemption, plus accrued interest thereon Trustee a sum sufficient to pay any charges or expenses which may be incurred by the date of Trustee in connection with such redemption. From the sums set aside in trust or so deposited deposited, the Trustee Bank or the Trustee, as the case may be, shall pay or cause to be paid to the holders of such Debt Securities Debentures so called for redemption, upon surrender of such Debt Securities Debentures with the unmatured coupons, if any, appertaining thereto, the principal, premium, if any, and interest to which they are respectively entitled on redemption, provided that, in redemption price. In the case of coupon Debt Securities, Debentures the accrued interest as represented by coupons matured prior to, or on, the redemption date shall continue to be payable (but without interest thereon, unless the Corporation Bank shall make default in the payment thereof upon demand) to the respective bearers of the coupons therefor therefore upon presentation and surrender thereof, and provided, further, that unless otherwise provided pursuant to Section 2.2 with respect to the Debt Securities of any series, installments of interest on Debt Securities which are due and payable on any date on or prior to the relevant redemption date will be payable to the holders of such Debt Securities (or one or more predecessor Debt Securities) registered as such at the close of business on the relevant record dates.

Deposit of Redemption Moneys. Redemption of Debt Securities shall be provided (a) Subject to section 3.9, upon Debentures having been called for by redemption, the Corporation depositing shall deposit with the Trustee or any Paying Agent to the order of the Trustee, on or before the redemption date specified fixed in such noticethe relevant notice of redemption, such sums as may be sufficient to pay the redemption price Redemption Price of each of the Debt Securities so called for redemptionDebentures to be redeemed, plus accrued interest thereon together with the estimated charges and expenses to the date of be incurred in connection with such redemption. From the sums so deposited deposited, the Trustee shall pay or cause to be paid to the holders Holders of such Debt Securities so the Debentures called for redemption, upon surrender of such Debt Securities with the unmatured coupons, if any, appertaining theretoDebentures, the principal, premium, if any, and interest Redemption Price to which they are respectively entitled on redemption. (b) Any moneys deposited under this section 3.6 and not claimed by and paid to Holders of Debentures within six years after the date of such setting aside shall, provided thatsubject to applicable law, be repaid to the Corporation by the Trustee on demand, and thereupon the Trustee shall be released from all further liability with respect to such moneys and thereafter the Holders of the Debentures in the case respect of coupon Debt Securities, the accrued interest as represented by coupons matured prior to, or on, the redemption date shall continue which such moneys were so repaid to be payable (but without interest thereon, unless the Corporation shall make default have no rights in the respect thereof except to obtain payment thereof upon demand) to the respective bearers of the coupons therefor upon presentation and surrender thereof, and provided, further, that unless otherwise provided pursuant to Section 2.2 with respect to the Debt Securities of any series, installments of interest on Debt Securities which are due and payable on any date on or prior to the relevant redemption date will be payable to the holders of such Debt Securities (or one or more predecessor Debt Securities) registered as such at moneys without interest thereon from the close of business on the relevant record datesCorporation.

Deposit of Redemption Moneys. Redemption of Debt Securities Debentures shall be provided for by the Corporation Company depositing with the Debenture Trustee or any Paying Agent paying agent to the order of the Debenture Trustee, on or before 11:00 a.m. (Toronto time) on the redemption date Business Day immediately prior to the Redemption Put Date specified in such notice, such sums of money as may be sufficient to pay the redemption price Redemption Price of the Debt Securities Debentures so called for redemption, plus accrued and unpaid interest thereon to but excluding the date Redemption Put Date, provided the Company may elect to satisfy this requirement by providing the Debenture Trustee with a certified cheque for such amounts required under this Section 5.5 or by providing the Debenture Trustee with such funds through electronic transfer of funds (wire) on the Business Day immediately prior to the Redemption Put Date. The Company shall also deposit with the Debenture Trustee a sum of money sufficient to pay any charges or expenses that may be incurred by the Debenture Trustee in connection with such redemption. Every such deposit shall be irrevocable. From the sums so deposited deposited, the Debenture Trustee shall pay or cause to be paid paid, or issue or cause to be issued, to the holders of such Debt Securities Debentures so called for redemption, upon surrender of such Debt Securities with the unmatured coupons, if any, appertaining theretoDebentures, the principal, premium, premium (if any, ) and interest (if any) to which they are respectively entitled on redemption, provided thatless applicable withholding taxes, in if any. If the case money so transferred is insufficient to satisfy the Company’s obligations to the redeeming holders, or the fees and expenses of coupon Debt Securitiesthe Debenture Trustee relating to the redemption, the accrued interest as represented by coupons matured prior to, Debenture Trustee or on, the paying agent for the redemption date shall continue notify the Company, and the Company shall deposit additional sums of money with the Debenture Trustee or any paying agent to the order of the Debenture Trustee. All payments to be payable (but without interest thereon, unless made by the Corporation shall make default in the payment thereof upon demand) to the respective bearers of the coupons therefor upon presentation and surrender thereof, and provided, further, that unless otherwise provided pursuant Debenture Trustee are subject to Section 2.2 with respect to 13.10 hereunder. Any costs or losses resulting from a delay resulting from insufficient funds shall be borne by the Debt Securities of any series, installments of interest on Debt Securities which are due and payable on any date on or prior to the relevant redemption date will be payable to the holders of such Debt Securities (or one or more predecessor Debt Securities) registered as such at the close of business on the relevant record datesCompany.

Deposit of Redemption Moneys. Redemption of Debt Securities Debentures shall be provided for by the Corporation Company depositing with the Debenture Trustee or any Paying Agent paying agent to the order of the Debenture Trustee, on or before 11:00 a.m. (Toronto time) on the redemption date Business Day immediately prior to the Redemption Call Date specified in such notice, such sums of money as may be sufficient to pay the redemption price Redemption Price of the Debt Securities Debentures so called for redemption, plus accrued and unpaid interest thereon to but excluding the date Redemption Call Date, provided the Company may elect to satisfy this requirement by providing the Debenture Trustee with a certified cheque or a banker’s draft for such amounts required under this Section 4.5 or by providing the Debenture Trustee with such funds through electronic transfer of funds on the Business Day immediately prior to the Redemption Call Date. The Company shall also deposit with the Debenture Trustee a sum of money sufficient to pay any charges or expenses that may be incurred by the Debenture Trustee in connection with such redemption. Every such deposit shall be irrevocable. From the sums so deposited deposited, the Debenture Trustee shall pay or cause to be paid paid, or issue or cause to be issued, to the holders of such Debt Securities Debentures so called for redemption, upon surrender of such Debt Securities with the unmatured coupons, if any, appertaining theretoDebentures, the principal, premium, premium (if any, ) and interest (if any) to which they are respectively entitled on redemption, provided thatless applicable withholding taxes, in if any. If the case money so transferred is insufficient to satisfy the Company’s obligations to the redeeming holders, or the fees and expenses of coupon Debt Securitiesthe Debenture Trustee relating to the redemption, the accrued interest as represented by coupons matured prior to, Debenture Trustee or on, the paying agent for the redemption date shall continue to be payable (but without interest thereonnotify the Company, unless and the Corporation Company shall make default in deposit additional sums of money with the payment thereof upon demand) Debenture Trustee or any paying agent to the respective bearers order of the coupons therefor upon presentation and surrender thereof, and provided, further, that unless otherwise provided pursuant to Section 2.2 with respect to Debenture Trustee. Any costs or losses resulting from a delay resulting from insufficient funds shall be borne by the Debt Securities of any series, installments of interest on Debt Securities which are due and payable on any date on or prior to the relevant redemption date will be payable to the holders of such Debt Securities (or one or more predecessor Debt Securities) registered as such at the close of business on the relevant record datesCompany.