Common use of Payments by the Issuer to the Registrar Clause in Contracts

Payments by the Issuer to the Registrar. (1) The Issuer agrees to provide to the Registrar by 10:00 a.m., Montréal time, on each date on which a payment of principal or interest (and any Additional Amounts) in respect of the Notes is due (each a “Payment Date”) pursuant to the terms and conditions of the Notes such amount as is required to be paid on such date in immediately available funds in CAN dollars to an account designated by the Registrar.

Payments by the Issuer to the Registrar. (1) The Issuer agrees to provide to the Registrar by 10:00 a.m., Montréal Montreal time, on each date on which a payment of principal or interest (and any Additional Amounts) in respect of the Notes is due (each a “Payment Date”) pursuant to the terms and conditions of the Notes such amount as is required to be paid on such date in immediately available funds in CAN dollars to an account in Montreal designated by the Registrar.