Common use of Notice of Redemption by the Corporation Clause in Contracts

Notice of Redemption by the Corporation. Notice of intention of the Corporation to redeem all or any portion of this Debenture pursuant to Section 6.1 must be given by the Corporation to the Holder at least twenty-five (25) Trading Days prior to the date of redemption specified in such notice. The Debenture and then outstanding Principal Sum may be redeemed by the Corporation in whole, or in multiples of $1,000. The notice of redemption required by this section shall specify the (a) Redemption Date, (b) the Redemption Amount, indicating the Principal Sum thereof and Interest, separately, in respect of which the right of redemption is being exercised, and (c) subject to Section 6.6, whether the redemption is to occur in cash, Common Shares, or a combination of the cash and Common Shares, provided that Interest is only payable in cash. After giving a Notice of Redemption, the Holder may continue to exercise the Conversion Right with respect to all or part of the Principal Sum to be redeemed prior to the Redemption Date fixed for redemption in which case the Corporation's right of redemption shall be extinguished to the extent of the Principal Sum so converted by the Holder prior to the Redemption Date.