Common use of Deposit of Maturity Monies Clause in Contracts

Deposit of Maturity Monies. Payment on maturity of Notes shall be provided for by the Corporation depositing, by way of wire payment or certified cheque, with the Trustee or any paying agent to the order of the Trustee, on or before 11:00 a.m. (Toronto time) not less than one Business Day immediately prior to the Maturity Date a sum of money equal to the Principal Amount and all accrued and unpaid interest on the Notes up to and excluding the Maturity Date. The Corporation shall also deposit with the Trustee a sum of money sufficient to pay any charges or expenses which may be incurred by the Trustee in connection therewith. Every such deposit shall be in immediately available funds and shall be irrevocable. From the sums so deposited, the Trustee shall pay or cause to be paid to the holders of such Notes, upon surrender of such Notes, the principal and interest to which they are respectively entitled on the Maturity Date.

Deposit of Maturity Monies. Payment on maturity of Notes Debentures shall be provided for by the Corporation depositing, by way of wire payment or certified cheque, depositing with the Trustee or any paying agent to the order of the Trustee, on or before 11:00 a.m. (Toronto time) not less than one Business Day immediately prior to the Maturity Date a sum such sums of money equal as may be sufficient to the Principal Amount and pay all accrued and unpaid interest on the Notes thereon up to and excluding the Maturity Date. The Corporation shall also deposit with the Trustee a sum of money sufficient to pay any charges or expenses which may be incurred by the Trustee in connection therewith. Every such deposit shall be in immediately available funds and shall be irrevocable. From the sums so deposited, the Trustee shall pay or cause to be paid to the holders of such NotesDebentures, upon surrender of such NotesDebentures, the principal and interest to which they are respectively entitled on the Maturity Date.

Deposit of Maturity Monies. Payment on maturity of Notes Debentures shall be provided for by the Corporation depositing, by way of wire payment or certified cheque, depositing with the Trustee or any paying agent to the order of the Trustee, on or before 11:00 a.m. (Toronto time) not less than one Business Day immediately prior to the Maturity Date a sum such sums of money equal as may be sufficient to the Principal Amount and pay all accrued and unpaid interest on the Notes thereon up to and excluding the Maturity Date. The Corporation shall also deposit with the Trustee a sum of money sufficient to pay any charges or expenses which may be incurred by the Trustee in connection therewith. Every such deposit shall be in immediately available funds and shall be irrevocable. From the sums so deposited, the Trustee shall pay or cause to be paid to the holders of such NotesDebentures, upon surrender of such NotesDebentures, the principal and interest to which they are respectively entitled on the Maturity Date.