Common use of Payment of Redemption Amount Clause in Contracts

Payment of Redemption Amount. Upon this Debenture having been called for redemption as hereinbefore provided, the Corporation shall, on the Redemption Date fixed in the notice of the redemption thereof, pay the Redemption Amount to the Holder by deposit to the Payment Account of cash, as set out in the notice of redemption, and where Common Shares are to be issued to pay the Redemption Amount, the Corporation shall, within five (5) Business Days after the Redemption Date, cause to be delivered to the Holder, a share certificate or certificates for the appropriate number of Common Shares acquired.