Idem Sample Clauses

Idem. As of 8:00 a.m. (Eastern time) on the day on which an Automatic Exchange Event occurs (the “Time of Automatic Exchange”), each Holder of Trust Notes — Series 2015-A shall be deemed to have exchanged and transferred to TCPL all of such Holder’s right, title and interest in and to the Trust Notes — Series 2015-A registered in its name and shall thereupon automatically cease to be a Holder of such Trust Notes — Series 2015-A and all rights of such Holder as a debtholder of the Trust, including pursuant to the guarantee provided by TCPL in respect of the Trust Notes — Series 2015-A, shall automatically cease, and each Holder shall thereupon and thereafter be deemed to be and for all purposes shall hereby be entitled to a right to be issued the corresponding number of TCPL Exchange Preferred Shares (including fractional shares, if applicable) contemplated in Section 3.3. TCPL shall deliver to the Exchange Trustee a written notice (the “Automatic Exchange Event Notice”), which shall be binding on the Holders of the Trust Notes — Series 2015-A, signed by any Authorized Officer, of the occurrence of an Automatic Exchange within 10 days after the occurrence of such event and, as soon as practicable following receipt by the Exchange Trustee from TCPL, the Exchange Trustee shall deliver notice to the Holders of Trust Notes — Series 2015-A of the occurrence of the Automatic Exchange; provided, however, that a failure to make such delivery shall not affect, reduce or modify in any way the effectiveness of the Automatic Exchange with effect as of the Time of Automatic Exchange.

Idem. Information collected for the purpose of this program may be used by the Corporation to verify or cross-reference relevant information required for, or from, other programs that are administered and delivered by the Corporation. (EC299/08)

Idem. The Trust need not give notice of redemption prior to the exercise of such right of redemption if TCPL has given an Automatic Exchange Event Notice. The redemption shall be and shall be deemed to have been effected and the consideration paid at the Time of Automatic Exchange. From and after the Time of Automatic Exchange, each Holder of Trust Notes — Series 2019-A (if any) whose Trust Notes — Series 2019-A were for any reason not exchanged for TCPL Exchange Preferred Shares by the operation of the Automatic Exchange and instead are subject to redemption by the Trust under this Agreement and in accordance with the Trust Notes — Series 2019-A Provisions, shall automatically cease to be a Holder of Trust Notes — Series 2019-A effective as of the Time of Automatic Exchange and instead shall be entitled only to the right to be issued TCPL Exchange Preferred Shares in respect of such redemption of Trust Notes — Series 2019-A held by such Holder in accordance with the Trust Notes — Series 2019-A Provisions.

Idem. For the purposes of a probable yield calculation, Probable Yield = total production to count for all years insured / total acres grown for all years insured.

Idem. The Corporation may pay, in part or in full, an indemnity under a production insurance agreement before the date on which it is due.

Idem. In the calculations described in subsection (3), a result less than zero represents a discount from the base premium rate, and a result greater than zero represents a surcharge on the base premium rate.

Idem. The insured’s signature on the production summary prepared by the Corporation or an agent of the Corporation shall indicate acceptance

Idem. The Corporation has the right to check and verify production summary information submitted by the insured.

Idem. For non-yield based programs, the losses shall be calculated as described in the Schedules.

Idem. The insured may meet the obligations of clause 15(1)(a) by signing the production summary prepared by the Corporation or an agent of the Corporation as stated in clause 15(1)(b).