Common use of Payment of Amounts Due on Maturity Clause in Contracts

Payment of Amounts Due on Maturity. (a) On or before 11:00 a.m. (Montreal time) on the Maturity Date, the Issuer shall deposit in an account an amount sufficient to pay the amount payable in respect of the Notes (including accrued and unpaid interest, if any). The Issuer (either directly or through the Trustees or any agent of the Trustees) shall pay to each Holder entitled to receive payment, the principal amount of, and interest and premium, if any, on the Notes, upon surrender of the Notes at any branch of a Trustee designated for such purpose from time to time by the Issuer and the Trustees. The deposit or making available of such amounts to such account shall satisfy and discharge the liability of the Issuer for the Notes to which the deposit or making available of funds relates to the extent of the amount so deposited or made available and the Notes shall thereafter not be considered as outstanding under this Indenture and such Holder shall have no other right than to receive out of the money so deposited or made available the amount to which it is entitled. (b) For Notes represented by a Global Certificate, on or before 11:00 a.m. (Montreal time) on the Maturity Date, the Issuer shall deliver or cause to be delivered to the Depository a cheque (dated the Maturity Date) or electronic funds transfer equal to the amount payable in respect of such Notes (including interest and premium, if any) against receipt of such Global Certificate. The delivery of such cheque or electronic funds to the Depository shall satisfy and discharge the liability of the Issuer for the Notes to which the cheque or electronic funds relates to the extent of the amount deposited or made available and such Notes shall thereafter not be considered as outstanding under this Indenture unless such cheque is not paid on presentation at any of the places at which such payment is payable.

Payment of Amounts Due on Maturity. (a) On or before 11:00 a.m. (Montreal time) on the Maturity Date, the Issuer shall deposit in an account an amount sufficient to pay the amount payable in respect of the Notes Debentures (including accrued and unpaid interest, if any). The Issuer (either directly or through the Debenture Trustees or any agent of the Debenture Trustees) shall pay to each Holder entitled to receive payment, the principal amount of, and interest and premium, if any, on the NotesDebentures, upon surrender of the Notes Debentures at any branch of a Debenture Trustee designated for such purpose from time to time by the Issuer and the Debenture Trustees. The deposit or making available of such amounts to such account shall satisfy and discharge the liability of the Issuer for the Notes Debentures to which the deposit or making available of funds relates to the extent of the amount so deposited or made available and the Notes Debentures shall thereafter not be considered as outstanding under this Indenture and such Holder shall have no other right than to receive out of the money so deposited or made available the amount to which it is entitled. (b) For Notes Debentures represented by a Global Certificate, on or before 11:00 a.m. (Montreal time) on the Maturity Date, the Issuer shall deliver or cause to be delivered to the Depository a cheque (dated the Maturity Date) or electronic funds transfer equal to the amount payable in respect of such Notes Debentures (including interest and premium, if any) against receipt of such Global Certificate. The delivery of such cheque or electronic funds to the Depository shall satisfy and discharge the liability of the Issuer for the Notes Debentures to which the cheque or electronic funds relates to the extent of the amount deposited or made available and such Notes Debentures shall thereafter not be considered as outstanding under this Indenture unless such cheque is not paid on presentation at any of the places at which such payment is payable.

Payment of Amounts Due on Maturity. (a) On or before 11:00 a.m. (Montreal time) on the Maturity DateExcept as otherwise provided in a Supplemental Indenture applicable to a Series of Notes, the Issuer Corporation shall establish and maintain with the Trustee segregated trust accounts ("Debt Accounts") for each Series of Notes. Each such Debt Account shall be maintained by and be subject to the control of the Trustee for the purposes of this Indenture. Prior to 9:00 a.m., Toronto, Ontario time, on each Maturity Date for outstanding Notes, the Corporation shall deposit in an account the applicable Debt Accounts an amount sufficient to pay the amount payable in respect of the such Notes on such Maturity Date (including accrued and unpaid interest, if anyless any taxes required by law to be deducted or withheld). The Issuer (either directly or through Trustee shall use the Trustees or any agent funds deposited in Debt Accounts to pay, to the Holder of the Trustees) shall pay to each Holder a Note entitled to receive paymentpayment on such Maturity Date, the principal amount of, accrued and unpaid interest if any, and premiumPremium, if any, on the Notes, such Note upon surrender of such Note at the Notes Corporate Trust Office or at any branch of a Trustee such other place as shall be designated for such purpose from time to time by the Issuer Corporation and the TrusteesTrustee. The deposit or making available of such amounts amount to such account the applicable Debt Accounts shall satisfy and discharge the liability of the Issuer Corporation for the Notes to which the deposit or making available of funds relates to the extent of the amount so deposited or made available and the Notes shall thereafter not be considered as outstanding under this Indenture and such Holder shall have no other right than to receive out of the money so deposited or made available the amount to which it is entitled. (b) For Notes represented by a Global Certificate, on or before 11:00 a.m. (Montreal time) on the Maturity Date, the Issuer shall deliver or cause to be delivered to the Depository a cheque (dated the Maturity Date) or electronic funds transfer equal to the amount payable in respect of such Notes (including interest and premium, if any) against receipt of such Global Certificate. The delivery of such cheque or electronic funds to the Depository shall satisfy and discharge the liability of the Issuer for the Notes to which the cheque or electronic funds relates to the extent of the amount deposited (plus the amount of any taxes required by applicable law to be deducted or made available withheld) and thereafter such Notes shall thereafter not to that extent be considered as to be outstanding under this Indenture unless such cheque is not paid on presentation at any and the Holders shall have no right with respect thereto other than to receive out of the places at amount so deposited the respective amounts to which the Holders are entitled upon surrender of such Notes. Failure to make a deposit as required pursuant to this Section 8.2 shall constitute default in payment is payableon the Notes in respect of which the deposit was required to have been made.

Payment of Amounts Due on Maturity. (a) Except as may otherwise be provided herein or in any supplemental indenture, payments of amounts due upon maturity of the Notes will be made in the following manner. The Company will establish and maintain with the Trustee a Maturity Account for the Notes. Each such Maturity Account shall be maintained by and be subject to the control of the Trustee for the purposes of this Indenture. On or before 11:00 a.m. (Montreal Toronto time) on the three Business Days immediately prior to each Maturity DateDate for Notes outstanding from time to time under this Indenture, the Issuer shall Company will deliver to the Trustee immediately available funds for deposit in an account the applicable Maturity Account in an amount sufficient to pay the cash amount payable in respect of the such Notes (including the principal amount together with any accrued and unpaid interest, if anyinterest thereon less any Tax required by law to be withheld or deducted therefrom). The Issuer (either directly or through the Trustees or any agent Trustee, on behalf of the Trustees) shall Company, will pay to each Holder entitled to receive payment, payment the principal amount of, of and interest and premium, premium (if any, ) and accrued and unpaid interest on the NotesNote (less any Tax required to be withheld or deducted therefrom), upon surrender of the Notes Note at any branch of a Trustee designated for such purpose from time to time by the Issuer and the TrusteesCorporate Trust Office. The deposit or making available delivery of such amounts funds to such account shall the Trustee for deposit to the applicable Maturity Account will satisfy and discharge the liability of the Issuer Company for the Notes to which the deposit or making available delivery of funds relates to the extent of the amount so deposited delivered (plus the amount of any Tax withheld or made available deducted as aforesaid) and the such Notes shall will thereafter to that extent not be considered as outstanding under this Indenture and such Holder shall will have no other right in regard thereto other than to receive out of the money so deposited delivered or made available the amount to which it is entitled. (b) For Notes represented by a Global Certificate, on or before 11:00 a.m. (Montreal time) on the Maturity Date, the Issuer shall deliver or cause to be delivered to the Depository a cheque (dated the Maturity Date) or electronic funds transfer equal to the amount payable in respect of such Notes (including interest and premium, if any) against receipt of such Global Certificate. The delivery of such cheque or electronic funds to the Depository shall satisfy and discharge the liability of the Issuer for the Notes to which the cheque or electronic funds relates to the extent of the amount deposited or made available and such Notes shall thereafter not be considered as outstanding under this Indenture unless such cheque is not paid on presentation at any of the places at which such payment is payable.