Common use of Execution, Authentication, Delivery and Dating of Rights Certificates Clause in Contracts

Execution, Authentication, Delivery and Dating of Rights Certificates. Rights will be evidenced, in the case of Rights in Book Entry Form, by a statement issued under the Rights Agent’s direct registration system, or alternatively, if TransAlta determines to issue Right Certificates, by the following procedures: (a) The Rights Certificates shall be executed on behalf of TransAlta by its Chair, the President, the Chief Executive Officer, the Chief Financial Officer or any Vice Presidents, together with any other of such Persons or together with any one of the Secretary or the Treasurer. The signature of any of these officers on the Rights Certificates may be manual or facsimile. Rights Certificates bearing the manual or facsimile signatures of individuals who were at any time the proper officers of TransAlta shall bind TransAlta, notwithstanding that such individuals or any of them have ceased to hold such offices either before or after the countersignature and delivery of such Rights Certificates. (b) Promptly after TransAlta learns of the Separation Time, TransAlta will notify the Rights Agent of such Separation Time and will deliver Rights Certificates executed by TransAlta to the Rights Agent for countersignature, and the Rights Agent shall countersign (manually or by facsimile in a manner satisfactory to TransAlta) and send such Rights Certificates to the holders of the Rights pursuant to Subsection 2.2(d) hereof. No Rights Certificate shall be valid for any purpose until countersigned by the Rights Agent as aforesaid. (c) Each Rights Certificate shall be dated the date of countersignature thereof.

Execution, Authentication, Delivery and Dating of Rights Certificates. Rights will be evidenced, in the case of Rights in Book Entry Form (subject to the capability of the Rights Agent to accommodate Book Entry Form), by a statement issued under the Rights Agent’s direct registration systemsystem or, or alternatively, if TransAlta the REIT determines to issue Right Rights Certificates, by the following procedures: (a1) The Rights Certificates shall be executed on behalf of TransAlta the REIT by its Chair, the President, the Chief Executive Officer, the Chief Financial Officer any two trustees or any Vice Presidents, together with any other of such Persons or together with any one officers of the Secretary or the TreasurerREIT. The signature of any of these trustees or officers on the Rights Certificates may be manual or facsimilea facsimile or e-mail scanned copy. Rights Certificates bearing the manual or facsimile or e-mail scanned signatures of individuals who were at any time the proper trustees or officers of TransAlta the REIT shall bind TransAltathe REIT, notwithstanding that such individuals or any of them have ceased to hold such offices either before or after the countersignature and delivery of such Rights Certificates. (b2) Promptly after TransAlta the REIT learns of the Separation Time, TransAlta the REIT will notify the Rights Agent of such Separation Time and will deliver to the Rights Agent Rights Certificates executed by TransAlta to the Rights Agent REIT for countersignaturecountersignature and a disclosure statement describing the Rights, and the Rights Agent shall countersign (manually or by facsimile manual signature in a manner satisfactory to TransAltathe REIT) and send deliver such Rights Certificates and disclosure statement to the holders of the Rights pursuant to Subsection 2.2(d2.02(3) hereof. No Rights Certificate shall be valid for any purpose until countersigned by the Rights Agent as aforesaid. (c3) Each Rights Certificate shall be dated the date of countersignature thereof.

Execution, Authentication, Delivery and Dating of Rights Certificates. Rights will be evidenced, in the case of Rights in Book Entry Form, by a statement issued under the Rights Agent’s direct registration systemsystem or, or alternatively, if TransAlta EIFH determines to issue Right Rights Certificates, by the following procedures: (a) The Rights Certificates shall be executed on behalf of TransAlta EIFH by an authorized officer of its Chairadministrator, the President, the Chief Executive Officer, the Chief Financial Officer or any Vice Presidents, together with any other of such Persons or together with any one of the Secretary or the Treasurer. Enbridge Management Services Inc. The signature of any authorized officer of these officers Enbridge Management Services Inc. on the Rights Certificates may be manual or facsimileby a facsimile or email scanned copy. Rights Certificates bearing the manual or facsimile signatures of individuals who were at any time the proper officers of TransAlta Enbridge Management Services Inc. shall bind TransAltaEIFH, notwithstanding that such individuals or any of them have ceased to hold such offices either before or after the countersignature and delivery of such Rights Certificates. (b) Promptly after TransAlta EIFH learns of the Separation Time, TransAlta EIFH will notify the Rights Agent of such Separation Time and will deliver Rights Certificates executed by TransAlta EIFH to the Rights Agent for countersignature, and the Rights Agent shall countersign (manually or by a facsimile or email scanned signature in a manner satisfactory to TransAltaEIFH) and send such Rights Certificates to the holders of the Rights pursuant to Subsection 2.2(d2.2(c) hereof. No Rights Certificate shall be valid for any purpose until countersigned by the Rights Agent as aforesaid. (c) Each Rights Certificate shall be dated the date of countersignature thereof.

Execution, Authentication, Delivery and Dating of Rights Certificates. Rights will be evidenced, in the case of Rights in Book Entry Form, by a statement issued under the Rights Agent’s direct registration systemsystem or, or alternatively, if TransAlta the Corporation determines to issue Right Rights Certificates, by the following procedures: (a) The Rights Certificates shall be executed on behalf of TransAlta the Corporation by its ChairChairman of the Board, the President, the Chief Executive Officer, the Chief Financial Officer President or any Vice Presidents, together with Vice-President and by its Corporate Secretary or any other of such Persons or together with any one Assistant Secretary under the corporate seal of the Secretary or the TreasurerCorporation reproduced thereon. The signature of any of these officers on the Rights Certificates may be manual manual, facsimile or facsimileemail scanned copy. Rights Certificates bearing the manual manual, facsimile or facsimile email scanned signatures of individuals who were at any time the proper officers of TransAlta the Corporation shall bind TransAltathe Corporation, notwithstanding that such individuals or any of them have ceased to hold such offices either before or after the countersignature and delivery of such Rights Certificates. (b) Promptly after TransAlta the Corporation learns of the Separation Time, TransAlta the Corporation will notify the Rights Agent of such Separation Time and will deliver Rights Certificates executed by TransAlta the Corporation to the Rights Agent for countersignature, and the Rights Agent shall countersign (manually manually, or by a facsimile or email scanned signature in a manner satisfactory to TransAltathe Corporation) and send such Rights Certificates to the holders of the Rights pursuant to Subsection 2.2(d2.2(c) hereof. No Rights Certificate shall be valid for any purpose until countersigned by the Rights Agent as aforesaid. (c) Each Rights Certificate shall be dated the date of countersignature thereof.

Execution, Authentication, Delivery and Dating of Rights Certificates. Rights will be evidenced, in the case of Rights in Book Entry Form, by a statement issued under the Rights Agent’s direct registration systemsystem or, or alternatively, if TransAlta the REIT determines to issue Right Rights Certificates, by the following procedures: (a1) The Rights Certificates shall be executed on behalf of TransAlta the REIT by its Chair, the President, the Chief Executive Officer, the Chief Financial Officer any two trustees or any Vice Presidents, together with any other of such Persons or together with any one officers of the Secretary or the TreasurerREIT. The signature of any of these trustees or officers on the Rights Certificates may be manual or facsimilea facsimile or e-mail scanned copy. Rights Certificates bearing the manual or facsimile or e-mail scanned signatures of individuals who were at any time the proper trustees or officers of TransAlta the REIT shall bind TransAltathe REIT, notwithstanding that such individuals or any of them have ceased to hold such offices either before or after the countersignature and delivery of such Rights Certificates. (b2) Promptly after TransAlta the REIT learns of the Separation Time, TransAlta the REIT will notify the Rights Agent of such Separation Time and will deliver to the Rights Agent Rights Certificates executed by TransAlta to the Rights Agent REIT for countersignaturecountersignature and a disclosure statement describing the Rights, and the Rights Agent shall countersign (manually or by facsimile signature in a manner satisfactory to TransAltathe REIT) and send deliver such Rights Certificates and disclosure statement to the holders of the Rights pursuant to Subsection 2.2(d2.02(3) hereof. No Rights Certificate shall be valid for any purpose until countersigned by the Rights Agent as aforesaid. (c3) Each Rights Certificate shall be dated the date of countersignature thereof.