Common use of Terms of Debentures Clause in Contracts

Terms of Debentures. The Debentures shall be dated September 16, 2005, shall bear interest (“Interest”) from that date at the rate of 4.70% per annum calculated and payable semi-annually in arrears (after as well as before maturity and after as well as before default with interest on overdue interest at the said rate) on March 16 and September 16 in each year (each an “Interest Payment Date”), commencing March 16, 2006 and shall mature on September 16, 2015. Interest for the period from September 16, 2005 to March 16, 2006 will be $23.50 for each $1,000 principal amount of Debentures. The record date for the payment of Interest shall be the close of business on the tenth Business Day preceding the relevant Interest Payment Date. The Company, at least two Business Days prior to an Interest Payment Date, shall deliver or cause to be delivered by prepaid mail, by courier or by an employee of the Company to registered holders of Debentures, post-dated cheques for interest due thereon (less any tax required by law to be deducted or withheld) payable to the order of the registered holders thereof and negotiable on the Interest Payment Date. The Company may, at its option, cause the amount of such interest to be paid to one or more registered holders thereof by way of electronic transfer of funds, with any such transfer to be made no later than 11:30 a.m. (Toronto time) on the date of such payment. The delivery of such cheques or electronic transfer of funds shall satisfy and discharge the liability for interest on such Debentures to the extent of the sums represented thereby (plus the amount of any tax deducted or withheld as aforesaid) unless, in the case of a cheque, such cheque shall not be paid on presentation. The Company upon maturity of the Debentures shall deliver or cause to be delivered by prepaid mail, by courier or by an employee of the Company to the registered holders thereof, cheques for such principal amount due, payable to the order of the registered holders thereof and negotiable on the date of the maturity of the Debentures. The Company may, at its option, cause the amount of any such interest or principal payment to be paid to the registered holders of Debentures by way of electronic transfer of funds, with such transfer to be made no later than 11:30 a.m. (Toronto time) on the date of such payment. The delivery of such cheques or electronic transfer of funds shall satisfy and discharge the liability for principal on such Debentures to the extent of the sums represented thereby unless, in the case of a cheque, such cheque shall not be paid on presentation. At its option, the Company may redeem the Debentures at any time and from time to time, in whole or in part, upon not more than 60 days and not less than 30 days prior notice, at the higher of the Canada Yield Price (as defined below) and par, together in each case with accrued and unpaid interest to the date fixed for redemption. Less than all of the Debentures may be redeemed in accordance with Section 4.2 of the Indenture. For purposes of the foregoing redemption provisions, the following terms are defined as follows:

Terms of Debentures. The principal amount of Debentures which may be issued in exchange for Notes hereunder shall be limited to an aggregate maximum amount of $25,000,000 exclusive of Debentures issued upon any transfer of, or exchange or substitution for, or by way of replacement upon loss, theft, mutilation, destruction or defacement of any Debentures previously issued. The Debentures shall be designated as "6% Convertible Subordinated Debentures" of the Company, and shall be issued in the form set forth in Schedule 2.6 hereto with such additions, deletions or alterations as the Trustee shall approve. All Debentures shall be registered and certified by the Trustee and dated September 16as of the day on which they are issued and may be typewritten, 2005mimeographed, printed or lithographed and shall bear be numbered consecutively. The principal amount of each Debenture shall be payable in full on the Debenture Maturity Date on presentation and surrender of such Debenture at the Office of the Trustee. Interest on the Debentures shall accrue from the respective date or dates of the original issuance of the Notes in exchange for which such Debentures were issued or from the last interest (“Interest”) from that payment date to which interest shall have been paid or made available for payment on the outstanding Debentures or the Notes in exchange for which they were issued, whichever shall be later, and shall be payable on the principal amount thereof at the rate of 4.70% six percent (6%) per annum (calculated and payable paid semi-annually annually, in arrears (after as well as arrears), both before maturity and after as well as the Debenture Maturity Date and both before default with interest and after default, in arrears, on overdue interest at the said rate) on March 16 June 30 and September 16 December 31 in each year (each an “Interest Payment Date”), commencing March 16, 2006 and shall mature on September 16, 2015. Interest for the period from September 16, 2005 to March 16, 2006 will be $23.50 for each $1,000 principal amount of Debenturesyear. The record date for the payment of Interest shall be the close of business on the tenth Business Day preceding the relevant Interest Payment Date. The Company, at least two Business Days prior to an Interest Payment Date, shall deliver or cause to be delivered by prepaid mail, by courier or by an employee of the Company to registered holders of Debentures, post-dated cheques for interest due thereon (less any tax required by law to be deducted or withheld) payable to the order of the registered holders thereof and negotiable on the Interest Payment Date. The Company may, at its option, cause the amount of such interest to be paid to one or more registered holders thereof by way of electronic transfer of funds, with any such transfer to be made no later than 11:30 a.m. (Toronto time) on the date of such payment. The delivery of such cheques or electronic transfer of funds shall satisfy and discharge the liability for interest on such Debentures to the extent of the sums represented thereby (plus the amount of any tax deducted or withheld as aforesaid) unless, in the case of a cheque, such cheque shall not be paid on presentation. The Company upon maturity of the Debentures shall deliver or cause to be delivered by prepaid mail, by courier or by an employee of the Company redeemable prior to the registered holders thereof, cheques for such principal amount due, payable to the order of the registered holders thereof and negotiable on the date of the maturity of the Debentures. The Company may, at its option, cause the amount of any such interest or principal payment to be paid to the registered holders of Debentures by way of electronic transfer of funds, with such transfer to be made no later than 11:30 a.m. (Toronto time) on the date of such payment. The delivery of such cheques or electronic transfer of funds shall satisfy and discharge the liability for principal on such Debentures to the extent of the sums represented thereby unless, in the case of a cheque, such cheque shall not be paid on presentation. At its option, the Company may redeem the Debentures at any time and from time to time, in whole or in part, upon not more than 60 days and not less than 30 days prior notice, at the higher of the Canada Yield Price (as defined below) and par, together in each case with accrued and unpaid interest to the date fixed for redemption. Less than all of the Debentures may be redeemed in accordance with Section 4.2 of the Indenture. For purposes of the foregoing redemption provisions, the following terms are defined as follows:Debenture Maturity Date.

Terms of Debentures. The Debentures shall be dated September 16July 12, 20051999, shall bear interest (“Interest”) from that date at the rate of 4.706.90% per annum calculated and payable semi-annually in arrears (after as well as before maturity and after as well as before default with interest on overdue interest at the said rate) on March 16 January 12 and September 16 July 12 in each year (each an “Interest Payment Date”), commencing March 16January 12, 2006 2000 and shall mature on September 16July 12, 20152006. Interest for the period from September 16July 12, 2005 1999 to March 16January 12, 2006 2000 will be $23.50 34.50 for each $1,000 principal amount of Debentures. The record date for the payment of Interest shall be the close of business on the tenth Business Day preceding the relevant Interest Payment Date. The Company, at least two Business Days prior to an Interest Payment Date, shall deliver or cause to be delivered by prepaid mail, by courier or by an employee of the Company to registered holders of Debentures, post-dated cheques for interest due thereon (less any tax required by law to be deducted or withheld) payable to the order of the registered holders thereof and negotiable on the Interest Payment Date. The Company may, at its option, cause the amount of such interest to be paid to one or more registered holders thereof by way of electronic transfer of funds, with any such transfer to be made no later than 11:30 a.m. (Toronto time) on the date of such payment. The delivery of such cheques or electronic transfer of funds shall satisfy and discharge the liability for interest on such Debentures to the extent of the sums represented thereby (plus the amount of any tax deducted or withheld as aforesaid) unless, in the case of a cheque, such cheque shall not be paid on presentation. The Company upon maturity of the Debentures shall deliver or cause to be delivered by prepaid mail, by courier or by an employee of the Company to the registered holders thereof, thereof cheques for such principal amount due, payable to the order of the registered holders thereof and negotiable on the date of the maturity of the Debentures. The Company may, at its option, cause the amount of any such interest or principal payment to be paid to the registered holders of Debentures by way of electronic transfer of funds, with such transfer to be made no later than 11:30 a.m. (Toronto time) on the date of such payment. The delivery of such cheques or electronic transfer of funds shall satisfy and discharge the liability for principal on such Debentures to the extent of the sums represented thereby unless, in the case of a cheque, such cheque shall not be paid on presentation. At its option, the Company may redeem the Debentures at any time and from time to time, in whole or in part, upon not more than 60 days and not less than 30 days prior notice, at the higher of the Canada Yield Price (as defined below) and par, together in each case with accrued and unpaid interest to the date fixed for redemption. Less than all of the Debentures may be redeemed in accordance with Section 4.2 of the Indenture. For purposes of the foregoing redemption provisions, the following terms are defined as follows:

Terms of Debentures. The Debentures shall be dated September 16July 6, 20052001, shall bear interest (“Interest”) from that date at the rate of 4.707.0% per annum calculated and payable semi-annually in arrears (after as well as before maturity and after as well as before default with interest on overdue interest at the said rate) on March 16 January 6 and September 16 July 6 in each year (each an “Interest Payment Date”), commencing March 16January 6, 2006 2002 and shall mature on September 16July 6, 20152006. Interest for the period from September 16July 6, 2005 2001 to March 16January 6, 2006 2002 will be $23.50 35.00 for each $1,000 principal amount of Debentures. The record date for the payment of Interest shall be the close of business on the tenth Business Day preceding the relevant Interest Payment Date. The Company, at least two Business Days prior to an Interest Payment Date, shall deliver or cause to be delivered by prepaid mail, by courier or by an employee of the Company to registered holders of Debentures, post-dated cheques for interest due thereon (less any tax required by law to be deducted or withheld) payable to the order of the registered holders thereof and negotiable on the Interest Payment Date. The Company may, at its option, cause the amount of such interest to be paid to one or more registered holders thereof by way of electronic transfer of funds, with any such transfer to be made no later than 11:30 a.m. (Toronto time) on the date of such payment. The delivery of such cheques or electronic transfer of funds shall satisfy and discharge the liability for interest on such Debentures to the extent of the sums represented thereby (plus the amount of any tax deducted or withheld as aforesaid) unless, in the case of a cheque, such cheque shall not be paid on presentation. The Company upon maturity of the Debentures shall deliver or cause to be delivered by prepaid mail, by courier or by an employee of the Company to the registered holders thereof, thereof cheques for such principal amount due, payable to the order of the registered holders thereof and negotiable on the date of the maturity of the Debentures. The Company may, at its option, cause the amount of any such interest or principal payment to be paid to the registered holders of Debentures by way of electronic transfer of funds, with such transfer to be made no later than 11:30 a.m. (Toronto time) on the date of such payment. The delivery of such cheques or electronic transfer of funds shall satisfy and discharge the liability for principal on such Debentures to the extent of the sums represented thereby unless, in the case of a cheque, such cheque shall not be paid on presentation. At its option, the Company may redeem the Debentures at any time and from time to time, in whole or in part, upon not more than 60 days and not less than 30 days prior notice, at the higher of the Canada Yield Price (as defined below) and par, together in each case with accrued and unpaid interest to the date fixed for redemption. Less than all of the Debentures may be redeemed in accordance with Section 4.2 of the Indenture. For purposes of the foregoing redemption provisions, the following terms are defined as follows: