Common use of Right to Repay Redemption Price in Shares Clause in Contracts

Right to Repay Redemption Price in Shares. (a) Subject to the other provisions of this Section 4.6 and applicable regulatory approval, the Corporation may, at its option, in exchange for or in lieu of paying the Redemption Price in money, elect to satisfy its obligation to pay all or any portion of the principal amount of Debentures due upon redemption by issuing and delivering to holders on the Redemption Date that number of Freely-Tradeable Shares obtained by dividing the principal amount of the Debentures by 95% of the Current Market Price on the Redemption Date (the “Share Redemption Right”).

Right to Repay Redemption Price in Shares. (a) Subject to the other provisions of this Section 4.6 and applicable regulatory approval4.6, the Corporation may, at its option, in exchange for or in lieu unless an Event of paying the Redemption Price in moneyDefault has occurred and is continuing, elect to satisfy its obligation to pay all the Redemption Price in whole or any portion of the principal amount of Debentures due upon redemption in part by issuing and delivering to holders on the Redemption Date that number of Freely-Freely Tradeable Shares obtained by dividing the aggregate principal amount of the Debentures being redeemed by 95% of the then Current Market Price of the Shares on the Redemption Date (the “Share Redemption Right”).

Right to Repay Redemption Price in Shares. (a) Subject to the other provisions of this Section 4.6 and applicable regulatory approval, the Corporation may, at its option, in exchange for or in lieu of paying the Redemption Price in money, elect to satisfy its obligation to pay all or any portion of the principal amount of Debentures due upon redemption Redemption Price by issuing and delivering to holders on the Redemption Date that number of Freely-Freely Tradeable Shares obtained by dividing the principal amount Redemption Price or an applicable portion thereof to be satisfied by the issuance and delivery of the Debentures Freely Tradeable Shares by 95% of the then Current Market Price of the Shares on the Redemption Date (the “Share Redemption Right”).

Right to Repay Redemption Price in Shares. (a) Subject to the other provisions of this Section 4.6 and applicable regulatory approval4.6, the Corporation may, at its option, in exchange for or in lieu of paying the Redemption Price in money, elect to satisfy its obligation to pay all the Redemption Price in whole or any portion of the principal amount of Debentures due upon redemption in part by issuing and delivering to holders on the Redemption Date that number of Freely-Freely Tradeable Shares obtained by dividing the aggregate principal amount of the Debentures being redeemed by 95% of the Current Market Price of the Shares on the Redemption Date (the “Share Redemption Right”).