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

Payments of Amounts Due on Maturity. Payments of amounts due upon maturity of the Debentures will be made in the following manner. The Corporation will establish and maintain with the Trustee a Maturity Account for the Debentures. 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. (Vancouver time) on the Business Day immediately prior to the Maturity Date, the Corporation will deliver to the Trustee funds for deposit in the applicable Maturity Account in an amount sufficient to pay the cash amount payable in respect of such Debentures and the Shares pursuant to Section 2.3(c) (including the principal amount, together with any accrued and unpaid interest thereon). The Trustee, on behalf of the Corporation, will pay to each holder entitled to receive payment the principal amount of and premium (if any) and accrued and unpaid interest on the Debenture upon surrender of the Debenture at any branch of the Trustee designated for such purpose from time to time by the Corporation and the Trustee. The delivery of such funds to the Trustee for deposit or the making available or such amounts to the applicable Maturity Account and delivery of Shares as noted above will satisfy and discharge the liability of the Corporation for the Debentures to which the delivery of funds relates to the extent of the amount deposited or made available and such Debentures will thereafter to that extent not be considered as outstanding under this Indenture and such holder will have no other right in regard thereto other than to receive out of the money and Shares so deposited or made available the amount to which it is entitled.

Payments of Amounts Due on Maturity. Payments Except as may otherwise be provided herein or in any supplemental indenture in respect of any series of Debentures, payments of amounts due upon maturity of the Debentures will be made in the following manner. The Corporation will establish and maintain with the Trustee a Maturity Account for the each series of Debentures. Such 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. (Vancouver time) on the Business Day immediately prior to the each Maturity DateDate for Debentures outstanding from time to time under this Indenture, the Corporation will deliver to the Trustee funds a certified cheque or wire transfer for deposit in the applicable Maturity Account in an amount sufficient to pay the cash amount payable in respect of such Debentures and the Shares pursuant to Section 2.3(c) (including the principal amount, amount together with any accrued and unpaid interest thereon). The Trustee, on behalf of the Corporation, will pay to each holder entitled to receive payment the principal amount of and premium (if any) and accrued and unpaid interest on the Debenture Debenture, upon surrender of the Debenture at any branch of the Trustee designated for such purpose from time to time by the Corporation and the Trustee. The delivery of such funds to the Trustee for deposit or the making available or such amounts to the applicable Maturity Account and delivery of Shares as noted above will satisfy and discharge the liability of the Corporation for the Debentures to which the delivery of funds relates to the extent of the amount deposited or made available delivered and such Debentures will thereafter to that extent not be considered as outstanding under this Indenture and such holder will have no other right in regard thereto other than to receive out of the money and Shares so deposited delivered or made available the amount to which it is entitled.

Payments of Amounts Due on Maturity. Payments Except as may otherwise be provided herein or in any supplemental indenture in respect of any series of Debentures and subject to Section 4.10, payments of amounts due upon maturity of the Debentures will be made in the following manner. The Corporation will establish and maintain with the Trustee a Maturity Account for the each series of Debentures. Such 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. (Vancouver Calgary time) on the Business Day immediately prior to the each Maturity DateDate for Debentures outstanding from time to time under this Indenture, the Corporation will deliver to the Trustee funds a certified cheque or wire transfer for deposit in the applicable Maturity Account in an amount sufficient to pay the cash amount payable in respect of such Debentures and the Shares pursuant to Section 2.3(c) (including the principal amount, amount together with any accrued and unpaid interest thereonthereon less any tax required by law to be deducted), provided the Corporation may elect to satisfy this requirement by providing the Trustee with a cheque for such amounts required under this Section 2.13 post-dated to the applicable Maturity Date. The Trustee, on behalf of the Corporation, will pay to each holder entitled to receive payment the principal amount of and premium (if any) and accrued and unpaid interest on the Debenture Debenture, upon surrender of the Debenture at any branch of the Trustee designated for such purpose from time to time by the Corporation and the Trustee. The delivery of such funds to the Trustee for deposit or the making available or such amounts to the applicable Maturity Account and delivery of Shares as noted above will satisfy and discharge the liability of the Corporation for the Debentures to which the delivery of funds relates to the extent of the amount deposited or made available delivered (plus the amount of any tax deducted as aforesaid) and such Debentures will thereafter to that extent not be considered as outstanding under this Indenture and such holder will have no other right in regard thereto other than to receive out of the money and Shares so deposited delivered or made available the amount to which it is entitled.

Payments of Amounts Due on Maturity. Payments of amounts due upon maturity of the Debentures will be made in the following manner. The Corporation Company will establish and maintain with the Trustee a Maturity Account for the each series of Debentures. Such 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. (Vancouver Toronto time) on the Business Day immediately prior to the each Maturity DateDate for Debentures outstanding from time to time under this Indenture, the Corporation Company will deliver to the Trustee funds a wire transfer for deposit in the applicable Maturity Account in an amount sufficient to pay the cash amount payable in respect of such Debentures and the Shares pursuant to Section 2.3(c) (including the principal amount, Maturity Date Payment together with any accrued and unpaid interest thereonthereon less any tax required by law to be deducted). The Trustee, on behalf of the CorporationCompany, will pay to each holder entitled to receive payment of the principal amount of and premium the interest (if any) and accrued and unpaid interest on the Debenture Debenture, upon surrender of the Debenture at any branch the Toronto office of the Trustee designated for such purpose from time to time by the Corporation Company and the Trustee. The delivery of such funds to the Trustee for deposit or the making available or such amounts to the applicable Maturity Account and delivery of Shares as noted above will satisfy and discharge the liability of the Corporation Company for the Debentures to which the delivery of funds relates to the extent of the amount deposited or made available delivered (plus the amount of any tax deducted as aforesaid) and such Debentures will thereafter to that extent not be considered as outstanding under this Indenture and such holder will have no other right in regard thereto other than to receive out of the money and Shares so deposited delivered or made available the amount to which it is entitled.

Payments of Amounts Due on Maturity. Payments Except as may otherwise be provided herein or in any supplemental indenture in respect of any series of Debentures, payments of amounts due upon maturity of the Debentures will be made in the following manner. The Corporation Company will establish and maintain with the Trustee a Maturity Account for the each series of Debentures. Such 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. 11:00 a. m. (Vancouver Pacific time) on the Business Day immediately prior to the each Maturity DateDate for Debentures outstanding from time to time under this Indenture, the Corporation Company will deliver to the Trustee funds a certified cheque or wire transfer for deposit in the applicable Maturity Account in an amount sufficient to pay the cash amount payable in respect of such Debentures and the Shares pursuant to Section 2.3(c) (including the principal amount, amount together with any accrued and unpaid interest thereonthereon less any tax required by law to be deducted). The Trustee, on behalf of the CorporationCompany, will pay to each holder entitled to receive payment the principal amount of and premium (if any) and accrued and unpaid interest on the Debenture Debenture, upon surrender of the Debenture at any branch of the Trustee designated for such purpose from time to time by the Corporation Company and the Trustee. The delivery of such funds to the Trustee for deposit or the making available or such amounts to the applicable Maturity Account and delivery of Shares as noted above will satisfy and discharge the liability of the Corporation Company for the Debentures to which the delivery of funds relates to the extent of the amount deposited or made available delivered (plus the amount of any tax deducted as aforesaid) and such Debentures will thereafter to that extent not be considered as outstanding under this Indenture and such holder will have no other right in regard thereto other than to receive out of the money and Shares so deposited delivered or made available the amount to which it is entitled.

Payments of Amounts Due on Maturity. Payments Except as may otherwise be provided herein or in any supplemental indenture in respect of any series of Debentures and subject to Section 4.10, payments of amounts due upon maturity of the Debentures will be made in the following manner. The Corporation will establish and maintain with the Trustee Trustees a Maturity Account for the each series of Debentures. Such Each such Maturity Account shall be maintained by and be subject to the control of the Trustee Trustees for the purposes of this Indenture. On or before 11:00 a.m. (Vancouver Toronto time) on the Business Day immediately prior to the each Maturity DateDate for Debentures outstanding from time to time under this Indenture, the Corporation will deliver to the Trustee funds Trustees a certified cheque or wire transfer for deposit in the applicable Maturity Account in an amount sufficient to pay the cash amount payable in respect of such Debentures and the Shares pursuant to Section 2.3(c) (including the principal amount, amount together with any accrued and unpaid interest thereon). The TrusteeTrustees, on behalf of the Corporation, will pay to each holder entitled to receive payment the principal amount of and premium (if any) and accrued and unpaid interest on the Debenture Debenture, upon surrender of the Debenture at any branch of the Trustee Trustees designated for such purpose from time to time by the Corporation and the TrusteeTrustees. The delivery of such funds to the Trustee Trustees for deposit or the making available or such amounts to the applicable Maturity Account and delivery of Shares as noted above will satisfy and discharge the liability of the Corporation for the Debentures to which the delivery of funds relates to the extent of the amount deposited or made available delivered and such Debentures will thereafter to that extent not be considered as outstanding under this Indenture and such holder will have no other right in regard thereto other than to receive out of the money and Shares so deposited delivered or made available the amount to which it is entitled.

Payments of Amounts Due on Maturity. Payments Except as may otherwise be provided herein or in any supplemental indenture in respect of any series of Debentures and subject to Section 4.9, payments of amounts due upon maturity of the Debentures will be made in the following manner. The Corporation will establish and maintain with the Debenture Trustee a Maturity Account for the each series of Debentures. Such Each such Maturity Account shall be maintained by and be subject to the control of the Debenture Trustee for the purposes of this Indenture. On or before 11:00 a.m. (Vancouver Eastern time) on the date that is two Business Day immediately Days prior to the each Maturity DateDate for Debentures outstanding from time to time under this Indenture, the Corporation will deliver to the Debenture Trustee funds for deposit in the applicable Maturity Account in an amount sufficient to pay the cash amount payable in respect of such Debentures and the Shares pursuant to Section 2.3(c) (including the principal amount, amount together with any accrued and unpaid interest thereonthereon less any tax required by law to be withheld or deducted therefrom as instructed by the Corporation). The Debenture Trustee, on behalf of the Corporation, will will, pursuant to a Written Direction of the Corporation, pay to each holder entitled to receive payment the principal amount of and premium (if any) and accrued and unpaid interest on the Debenture (less any tax required to be withheld or deducted therefrom as instructed by the Corporation), upon surrender of the Debenture at any branch of the Debenture Trustee designated for such purpose from time to time by the Corporation and the Debenture Trustee. The delivery of such funds to the Debenture Trustee for deposit or the making available or such amounts to the applicable Maturity Account and delivery of Shares as noted above will satisfy and discharge the liability of the Corporation for the Debentures to which the delivery of funds relates to the extent of the amount deposited delivered (plus the amount of any tax withheld or made available deducted as aforesaid as instructed by the Corporation) and such Debentures will thereafter to that extent not be considered as outstanding under this Indenture and such holder will have no other right in regard thereto other than to receive out of the money and Shares so deposited delivered or made available the amount to which it is entitled. Payment of funds to the Debenture Trustee upon maturity of the Debentures shall be made by electronic transfer or pursuant to such other arrangements for the provision of funds as may be agreeable between the Corporation and the Debenture Trustee in order to effect such maturity payment hereunder. The Debenture Trustee shall disburse such maturity payments only upon receiving, at least two Business Days prior to each Maturity Date, funds in an amount sufficient for the maturity payment and a Written Direction of the Corporation directing such payment.

Payments of Amounts Due on Maturity. Payments Except as may otherwise be provided herein, payments of amounts due upon maturity of the Debentures Notes will be made in the following manner. The Corporation will establish and maintain with the Trustee a Maturity Account for the DebenturesNotes. Such The 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. (Vancouver Toronto time) on the not less than one Business Day immediately prior to the Maturity DateDate for Notes outstanding from time to time under this Indenture, the Corporation will deliver to the Trustee funds a certified cheque or wire transfer for deposit in the applicable Maturity Account in an amount sufficient to pay the cash amount payable in respect of such Debentures and the Shares pursuant to Section 2.3(c) Notes (including the principal amount, Principal Amount together with any accrued and unpaid interest thereon). The Trustee, on behalf of the Corporation, will pay to each holder entitled to receive payment the principal amount of and premium (if any) and accrued and unpaid interest on the Debenture Note, upon surrender of the Debenture Note at any branch of the Trustee designated for such purpose from time to time by the Corporation and the Trustee. The delivery of such funds to the Trustee for deposit or the making available or such amounts to the applicable Maturity Account and delivery of Shares as noted above will satisfy and discharge the liability of the Corporation for the Debentures Notes to which the delivery of funds relates to the extent of the amount deposited or made available delivered (plus the amount of any tax deducted as aforesaid) and such Debentures Notes will thereafter to that extent not be considered as outstanding under this Indenture and such holder will have no other right in regard thereto other than to receive out of the money and Shares so deposited delivered or made available the amount to which it is entitled. Interest shall cease to accrue on the Notes upon the Maturity Date provided the Trustee has received, by the Maturity Date, from the Corporation all the funds due and payable on the Notes.

Payments of Amounts Due on Maturity. Payments Except as may otherwise be provided herein or in any supplemental indenture, payments of amounts due upon maturity of the Debentures will be made in the following manner. The Corporation will establish and maintain with the Trustee a Maturity Account for the Debentures. Such The 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 9:00 a.m. (Vancouver time) on the Business Day immediately prior to the Maturity DateDate for the Debentures outstanding from time to time under this Indenture, the Corporation will deliver to the Trustee funds a certified cheque or wire transfer for deposit in the applicable Maturity Account in an amount sufficient to pay the cash amount payable in respect of such the Debentures and the Shares pursuant to Section 2.3(c) (including the principal amount, amount together with any accrued and unpaid interest thereon). The Trustee, on behalf of the Corporation, will pay to each holder entitled to receive payment the principal amount of and premium (if any) and accrued and unpaid interest on the Debenture Debenture, upon surrender of the Debenture at any branch of the Trustee designated for such purpose from time to time by the Corporation and the Trustee. The delivery of such funds to the Trustee for deposit or the making available or such amounts to the applicable Maturity Account and delivery of Shares as noted above will satisfy and discharge the liability of the Corporation for the Debentures to which the delivery of funds relates to the extent of the amount deposited or made available delivered and such Debentures will thereafter to that extent not be considered as outstanding under this Indenture and such holder will have no other right in regard thereto other than to receive out of the money and Shares so deposited delivered or made available the amount to which it is entitledentitled and interest on the Debentures shall cease to accrue as of the Maturity Date.

Payments of Amounts Due on Maturity. Payments Except as may otherwise be provided herein or in any supplemental indenture in respect of any series of Debentures, payments of amounts due upon maturity of the Debentures will be made in the following manner. The Corporation will establish and maintain with the Trustee a Maturity Account for the each series of Debentures. Such 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. (Vancouver Montréal time) on the Business Day immediately prior to the each Maturity DateDate for Debentures outstanding from time to time under this Indenture, the Corporation will deliver to the Trustee funds a certified cheque or wire transfer for deposit in the applicable Maturity Account in an amount sufficient to pay the cash amount payable in respect of such Debentures and the Shares pursuant to Section 2.3(c) (including the principal amount, amount together with any accrued and unpaid interest thereon). The Trustee, on behalf of the Corporation, will pay to each holder entitled to receive payment the principal amount of and premium (if any) and accrued and unpaid interest on the Debenture Debenture, upon surrender of the Debenture at any branch of the Trustee designated for such purpose from time to time by the Corporation and the Trustee. The delivery of such funds to the Trustee for deposit or the making available or such amounts to the applicable Maturity Account and delivery of Shares as noted above will satisfy and discharge the liability of the Corporation for the Debentures to which the delivery of funds relates to the extent of the amount deposited or made available delivered and such Debentures will thereafter to that extent not be considered as outstanding under this Indenture and such holder will have no other right in regard thereto other than to receive out of the money and Shares so deposited delivered or made available the amount to which it is entitled.

Payments of Amounts Due on Maturity. Payments ‌ Except as may otherwise be provided herein, payments of amounts due upon maturity of the Debentures will be made in the following manner. The Corporation will establish and maintain with the Trustee a Maturity Account for the Debentures. Such 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 10:00 a.m. (Vancouver Toronto time) on the Business Day immediately prior to the each Maturity DateDate for Debentures outstanding from time to time under this Indenture, the Corporation will deliver to the Trustee funds by wire transfer for deposit in the applicable Maturity Account in an amount sufficient to pay the cash amount payable (subject to Section 5.4(c)) in respect of such Debentures and the Shares pursuant to Section 2.3(c) (including the principal amount, amount together with any accrued and unpaid interest thereonthereon less any tax required by law to be deducted). The Trustee, on behalf of the Corporation, will pay to each holder entitled to receive payment the principal amount of and premium (if any) and accrued and unpaid interest on the Debenture Debenture, upon surrender of the Debenture at any branch of the Trustee designated for such purpose from time to time by the Corporation and the Trustee. The delivery of such funds to the Trustee for deposit or the making available or such amounts to the applicable Maturity Account and delivery of Shares as noted above will satisfy and discharge the liability of the Corporation for the Debentures to which the delivery of funds relates to the extent of the amount deposited or made available delivered (plus the amount of any tax deducted as aforesaid) and such Debentures will thereafter to that extent not be considered as outstanding under this Indenture and such holder will have no other right in regard thereto other than to receive out of the money and Shares so deposited delivered or made available the amount to which it is entitled.

Payments of Amounts Due on Maturity. Payments Except as may otherwise be provided in any supplemental indenture in respect of any series of Debentures and except as otherwise provided in this Trust Indenture, payments of amounts due upon maturity of the Debentures will be made in the following manner. The Corporation Debenture Trustee will establish and maintain with for the Trustee residual benefit of the Corporation, a Maturity Debt Account for the each series of Debentures. Such Maturity Each such Debt Account shall be maintained by and be subject to the control of the Debenture Trustee for the purposes of this Trust Indenture. On or before 11:00 a.m. (Vancouver Toronto time) on the Business Day immediately prior to the Maturity Dateeach maturity date for Debentures outstanding from time to time under this Trust Indenture, the Corporation will deliver to the Trustee funds for deposit in the applicable Maturity Debt Account in by an electronic funds transfer an amount sufficient to pay the cash amount payable in respect of such Debentures and the Shares (less any tax required to be withheld pursuant to Section 2.3(c) (including the principal amount, together with any accrued and unpaid interest thereon7.8). The Debenture Trustee shall disburse such maturity payments only upon receipt of the required funds. The Debenture Trustee, on behalf of the Corporation, will pay to each holder entitled to receive payment the principal amount of and premium (if any) and accrued and unpaid interest on the Debenture Debenture, upon surrender of the Debenture at any branch of the Trustee designated for such purpose from time to time by the Corporation and the TrusteeDesignated Office. The delivery of such funds to the Trustee for deposit or the making available or of such amounts to the applicable Maturity Debt Account and delivery of Shares as noted above will satisfy and discharge the liability of the Corporation for the Debentures to which the delivery deposit or making available of funds relates to the extent of the amount deposited or made available (plus the amount of any tax deducted as aforesaid) and such Debentures will thereafter to that extent not be considered as outstanding under this Trust Indenture and such holder will have no other right in regard thereto other than to receive out of the money and Shares so deposited or made available the amount to which it is entitled.

Payments of Amounts Due on Maturity. Payments Except as may otherwise be provided herein or in any supplemental indenture in respect of any series of Debentures, payments of amounts due upon maturity of the Debentures will be made in the following manner. The Corporation will establish and maintain with the Indenture Trustee a Maturity Debt Account for the each series of Debentures. Such Maturity Each such Debt Account shall be maintained by and be subject to the control of the Indenture Trustee for the purposes of this Indenture. On or before 11:00 a.m. (Vancouver time) Halifax, Nova Scotia time on the Business Day immediately prior each maturity date for Debentures outstanding from time to the Maturity Datetime under this Indenture, the Corporation will deliver to the Trustee funds for deposit in the applicable Maturity Debt Account in an amount sufficient to pay the cash amount payable in respect of such Debentures and the Shares pursuant (less any tax required by law to Section 2.3(c) (including the principal amount, together with any accrued and unpaid interest thereonbe deducted). The Indenture Trustee, on behalf of the Corporation, Corporation will pay to each holder entitled to receive payment the principal amount of and premium (if any) and accrued and unpaid interest on the Debenture Debenture, upon surrender of the Debenture at any branch of the Indenture Trustee designated for such purpose from time to time by the Corporation and the Indenture Trustee. The delivery of such funds to the Trustee for deposit or the making available or of such amounts to the applicable Maturity Debt Account and delivery of Shares as noted above will satisfy and discharge the liability of the Corporation for the Debentures to which the delivery deposit or making available of funds relates to the extent of the amount deposited or made available (plus the amount of any tax deducted as aforesaid) and such Debentures Debenture will thereafter to that extent not be considered as outstanding under this Indenture and such holder will have no other right in regard thereto other than to receive out of the money and Shares so deposited or made available the amount to which it is entitled.

Payments of Amounts Due on Maturity. Payments Except as may otherwise be provided herein, payments of amounts due upon maturity of the Debentures will be made in the following manner. The Corporation will establish and maintain with the Indenture Trustee a Maturity Debt Account for the Debentures. Such Maturity The Debt Account shall be maintained by and be subject to the control of the Indenture Trustee for the purposes of this Indenture. On or before 11:00 9:00 a.m. (Vancouver Toronto time) on the Business Day immediately prior to the Maturity Date, the Corporation will deliver to the Trustee funds for deposit in the applicable Maturity Debt Account in an amount sufficient to pay the cash amount payable in respect of such Debentures and the Shares pursuant (less any tax required by law to Section 2.3(c) (including the principal amount, together with any accrued and unpaid interest thereonbe deducted). The Indenture Trustee, on behalf of the Corporation, Corporation will pay to each holder entitled to receive payment the principal amount of and premium (if any) and accrued and unpaid interest on the Debenture Debenture, upon surrender of the Debenture at any branch of the Indenture Trustee designated for such purpose from time to time by the Corporation and the Indenture Trustee. The delivery of such funds to the Trustee for deposit or the making available or of such amounts to the applicable Maturity Debt Account and delivery of Shares as noted above will satisfy and discharge the liability of the Corporation for the Debentures to which the delivery deposit or making available of funds relates to the extent of the amount deposited or made available (plus the amount of any tax deducted as aforesaid) and such Debentures Debenture will thereafter to that extent not be considered as outstanding under this Indenture and such holder will have no other right in regard thereto other than to receive out of the money and Shares so deposited or made available the amount to which it is entitled.