Idem. As of 8:00 a.m. (Eastern time) on the day on which an Automatic Exchange Event occurs (the “Time of Automatic Exchange”), each Holder of Trust Notes — Series 2017-A shall be deemed to have exchanged and transferred to TCPL all of such Holder’s right, title and interest in and to the Trust Notes — Series 2017-A registered in its name and shall thereupon automatically cease to be a Holder of such Trust Notes — Series 2017-A and all rights of such Holder as a debtholder of the Trust, including pursuant to the guarantee provided by TCPL in respect of the Trust Notes — Series 2017-A, shall automatically cease, and each Holder shall thereupon and thereafter be deemed to be and for all purposes shall hereby be entitled to a right to be issued the corresponding number of TCPL Exchange Preferred Shares (including fractional shares, if applicable) contemplated in Section 3.3. TCPL shall deliver to the Exchange Trustee a written notice (the “Automatic Exchange Event Notice”), which shall be binding on the Holders of the Trust Notes — Series 2017-A, signed by any Authorized Officer, of the occurrence of an Automatic Exchange within 10 days after the occurrence of such event and, as soon as practicable following receipt by the Exchange Trustee from TCPL, the Exchange Trustee shall deliver notice to the Holders of Trust Notes — Series 2017-A of the occurrence of the Automatic Exchange; provided, however, that a failure to make such delivery shall not affect, reduce or modify in any way the effectiveness of the Automatic Exchange with effect as of the Time of Automatic Exchange.
Idem. (14) The discount shall only apply to that portion of the outstanding premiums, above the required deposit, that are received by the deadlines identified in subsection (13).
Idem. (4) In the calculations described in subsection (3), a result less than zero represents a discount from the base premium rate, and a result greater than zero represents a surcharge on the base premium rate. Maximum discounts or surcharge
Idem. (2) The Corporation has the right to check and verify production summary information submitted by the insured. Idem
Idem. (4) The insured may meet the obligations of clause 15(1)(a) by signing the production summary prepared by the Corporation or an agent of the Corporation as stated in clause 15(1)(b).
Idem. (5) The insured’s signature on the production summary prepared by the Corporation or an agent of the Corporation shall indicate acceptance
Idem. (6) The Corporation reserves the right to adjust the final production to count declared by the insured or an agent of the Corporation for insurable and non-insurable perils in order to establish a final production to count. (EC299/08; 139/17)
Idem. (2) For the purposes of a probable yield calculation, Probable Yield = total production to count for all years insured / total acres grown for all years insured. Probable yield with no history
Idem. (2) For non-yield based programs, the losses shall be calculated as described in the Schedules. Mitigation
Idem. (2) The Corporation may pay, in part or in full, an indemnity under a production insurance agreement before the date on which it is due. Monies owed
