Home Office Payment Agreement. Subsequent to the Initial Bank Rate period, and for so long as the Bonds bear interest at a Bank Rate, the Company agrees that all amounts payable to the Owners of the Bonds may upon written notice from the Company and such Owners to the Trustee and the Authority, be made to the Administrative Agent on behalf of the Owners of the Bonds (without any presentment thereof, except upon payment of the final installment of principal, and without any notation of such payment being made thereon, rather than to the Trustee, in such manner or at such address in the United States as may be designated by the Administrative Agent in writing to the Trustee and the Authority. Any payment made in accordance with the provisions of this Section shall be accompanied by sufficient information to identify the source and proper application of such payment. The Administrative Agent shall notify the Trustee in writing of any failure of the Company to make any payment of principal of or interest on the Bonds when due, and the Trustee shall not be deemed to have any notice of such failure unless it has received such notice in writing. If any Bonds are sold or transferred in accordance with the applicable provisions of this Indenture and the Bank Mode Credit Agreement, the Administrative Agent shall notify the Authority, the Trustee and the Company in writing of the name and address of the transferee, and it will, prior to delivery of such Bonds, make a notation on such Bonds of the date to which interest has been paid thereon and of the amount of any prepayments made on account of the principal thereof. So long as this Section is in effect as to any Bond, the Trustee shall have no obligations as paying agent in respect to such Bond, nor shall it be obligated to collect loan payments, pursuant to the Agreement, or to take any other action in respect thereof, except at the express written direction of the Company or the Authority.
Home Office Payment Agreement. (a) Notwithstanding anything to the contrary contained in this Indenture or in any Notes, the Issuer may enter into an agreement with the registered holder of any Note providing for payment of principal of and premium, if any, and interest on any of the Notes, at a place and in a manner other than the place or in the manner of payment specified herein or in such Note and for the making of payment to such Holder on any permitted redemption, without presentation or surrender of such Note so long as such holder will, upon the redemption of such Note, in part only, make notations on such Note of the part so redeemed, except that:
(i) payment or redemption in full of such Note shall be made only upon the surrender thereof at the principal office of the Trustee in Toronto, Ontario; and
(ii) prior to any transfer or other disposition of such Note, such holder shall make the same available to the Trustee at its principal office in Toronto, Ontario of the principal portion thereof theretofore retired or redeemed.
(b) Payment of principal of and premium, if any, and interest on any Note in accordance with this Article 2 shall absolutely satisfy and discharge the liability of the Issuer with respect to such payment under such Note unless, in the case of payment by cheque, a cheque for payment thereof is not paid on presentation or is lost or destroyed. From time to time, the Issuer shall furnish to the Trustee an Officer’s Certificate as to the persons with whom the Issuer has entered into such an agreement.
Home Office Payment Agreement. Notwithstanding any provision of this Lease Agreement to the contrary, the Lessor, the Lessee, the Purchaser, the Trustee and any of their successors or assigns may enter into or accept the terms of a home office payment agreement providing for the making of all payments due under this Lease Agreement at a place and in a manner other than as provided in this Lease Agreement upon such conditions as shall be satisfactory to the parties thereto. Contemporaneous with the delivery of the Bonds and this Lease Agreement, the appropriate parties will enter into the Home Office Payment Agreement.
Home Office Payment Agreement. For so long as the Bonds are in the Bank Rate Period, the Company agrees that all amounts payable to the Bank with respect to any Bond held by the Bank or its nominee shall be made to the Bank (without any presentment thereof, except upon payment of the final installment of principal, and without any notation of such payment being hade thereon) in such manner or at such address in the United States as may be designated by the Bank in writing to the Trustee and the Issuer. Any payment made in accordance with the provisions of this Agreement shall be accompanied by sufficient information to identify the source and proper application of such payment. The Bank shall notify the Trustee in writing of any failure of the Company to make any payment of principal of or interest on the Bonds when due, and the Trustee shall not be deemed to have any notice of such failure unless it has received such notice in writing. If any Bonds are sold or transferred the Bank shall notify the Issuer, the Trustee and the Company in writing of the name and address of the transferee, and the Bank will, prior to delivery of such Bonds, make a notation on such Bonds of the date to which interest has been paid thereon and of the amount of any prepayments made on account of the principal thereof. So long as a Bond bears interest at the Bank Rate, the Trustee shall have no obligations as paying agent in respect to such Bond, nor shall it be obligated to collect loan payments, pursuant to this Agreement, or to take any other action in respect thereof, except at the express written direction of the Bank.
ARTICLE IV MISCELLANEOUS
Home Office Payment Agreement. Notwithstanding anything to the contrary contained in this Indenture or in any Debenture, the Company may enter into an agreement with the registered holder of any Debenture providing for the payment of principal of and premium (if any) and interest on any of the Debentures at a place and in the manner other than the place or in the manner of payment specified herein or in such Debenture or for the making of all payments with respect to such Debentures to such Debentureholder, without presentation.or surrender of such Debenture so long as such Holder will, upon the. payment of any principal outstanding hereunder or redemption of such Debenture in part only, make notations on such Debenture of the part thereof so repaid or redeemed and that as promptly as practicable after the payment or prepayment in whole of any Debenture, the holder will surrender such Debenture to the Company for cancellation. Payment of principal of and premium (if any) and interest on any Debenture in accordance with this Section 2.11 shall absolutely satisfy and discharge the liability of the Company with respect to such payment under such Debenture unless, in the case of payment by cheque, a cheque for payment thereof is not paid on presentation or is lost or destroyed. From time to time the Company shall furnish to the Fiscal Agent an Officer’s Certificate as to the Persons with whom the Company has entered into such an agreement.
Home Office Payment Agreement. A Home Office Payment Agreement among the Trustee under the Indenture, the Issuer and Purchaser in its capacities as the purchaser of the Series 2000A Bonds and as the successor lessee under the Lease;
Home Office Payment Agreement. (a) Notwithstanding anything to the contrary contained in this Indenture or in any Notes, the Issuer may enter into an agreement with the registered holder of any Note providing for payment of principal of and premium, if any, and interest on any of the Notes, at a place and in a manner other than the place or in the manner of payment specified herein or in such Note and for the making of payment to such Holder on any permitted redemption, without presentation or surrender of such Note so long as such holder will, upon the redemption of such Note, in part only, make notations on such Note of the part so redeemed, except that:
(i) payment or redemption in full of such Note shall be made only upon the surrender thereof at the principal office of the Trustee in Calgary, Alberta; and
(ii) prior to any transfer or other disposition of such Note, such holder shall make the same available to the Trustee at its principal office in Calgary, Alberta of the principal portion thereof theretofore retired or redeemed.
(b) Payment of principal of and premium, if any, and interest on any Note in accordance with this Article 2 shall absolutely satisfy and discharge the liability of the Issuer with respect to such payment under such Note unless, in the case of payment by cheque, a cheque for payment thereof is not paid on presentation or is lost or destroyed. From time to time, the Issuer shall furnish to the Trustee an Officer's Certificate as to the persons with whom the Issuer has entered into such an agreement.
Home Office Payment Agreement. Notwithstanding any provision of this Indenture or of any Bond to the contrary, the Issuer and the Trustee may enter into a home office payment agreement with the owner of any Bond in an original principal amount of at least $100,000, providing for the making to such owner of all payments of principal and interest on such Bond or any part thereof (other than any payment of the entire unpaid principal amount thereof) at a place and in a manner other than as provided in this Indenture and in the Bonds without presentation or surrender of such Bond, upon such conditions as shall be satisfactory to the Trustee (including the payment by the Lessee of rental payments under the Lease directly to the owners of the Bonds in satisfaction of the principal and interest on the Bonds). The Trustee agrees to make or permit to be made payments of principal and interest on the Bonds in accordance with the provisions of such home office payment agreement. The Trustee shall not be liable to any such owner or to the Issuer for any act or omission to act on the part of the Issuer, any such owner or any agent of the Issuer, in connection with any such agreement, and the Trustee shall have no obligation in connection with any payment of principal or interest made in compliance with any such agreement and shall not be deemed to have notice of any default in the making of any such payment. Upon the transfer of any registered Bond being paid in accordance with the provisions of a home office payment agreement permitted by this Section, the owner of such registered bond prior to the delivery of such Bond to the transferee, shall make a notation on such Bond of the date to which interest has been paid thereon and the amount of any prepayments made on account of the principal thereof, and the Trustee shall not be deemed to have notice of any such payment.
