Common use of Concerning Interest Clause in Contracts

Concerning Interest. (a) Except as may otherwise be provided in this Indenture or in a Written Direction of the Company and subject to Section 2.1(d) with respect to the calculation of interest in respect of the initial interest payment to be paid on the Debentures, all Debentures issued hereunder, whether originally or upon exchange or in substitution for previously issued Debentures which are interest bearing, shall bear interest (i) from and including the Issue Date, or (ii) from and including the last Interest Payment Date to which interest shall have been paid or made available for payment on the outstanding Debentures, whichever shall be the later, in all cases, to and excluding the next Interest Payment Date. (b) Unless otherwise specifically provided in the terms of the Debentures, interest shall be computed on the basis of a year of 365 days. With respect to any series of Debentures, whenever interest is computed on the basis of a year (the "deemed year") which contains fewer days than the actual number of days in the calendar year of calculation, such rate of interest shall be expressed as a yearly rate for purposes of the Interest Act (Canada) by multiplying such rate of interest by the actual number of days in the calendar year of calculation and dividing it by the number of days in the deemed year.

Concerning Interest. (a) Except as may otherwise be provided in this Indenture or in a Written Direction of the Company and subject to Section 2.1(d) with respect to the calculation of interest in respect of the initial interest payment to be paid on the Debentures, all All Debentures issued hereunder, whether originally or upon exchange or in substitution for previously issued Debentures which are interest bearing, shall bear interest interest: (i) from and including the Issue Datetheir issue date, or (ii) from and including the last Interest Payment Date to which interest shall have been paid or made available for payment on the outstanding DebenturesDebentures of that series, whichever shall be the later, or, in respect of Debentures subject to a Periodic Offering, from and including their issue date or from and including the last Interest Payment Date to which interest shall have been paid or made available for payment on such Debentures, in all cases, to and excluding the next Interest Payment Date. (b) Unless otherwise specifically provided in the terms of the Debentures, Debentures or any series of Debentures interest shall be computed on the basis of a year of 365 daysday year. With respect to any series of Debentures, whenever Whenever interest is computed on the basis of a year (the "“deemed year"”) which contains fewer days than the actual number of days in the calendar year of calculation, such rate of interest shall be expressed as a yearly rate for purposes of the Interest Act (Canada) by multiplying such rate of interest by the actual number of days in the calendar year of calculation and dividing it by the number of days in the deemed year.

Concerning Interest. (a1) Except as may otherwise be provided in this Indenture or in a Written Direction of the Company and subject to Section 2.1(d) with respect to the calculation of interest in respect of the initial interest payment to be paid on the Debentures, all All Debentures issued hereunder, whether originally or upon exchange or in substitution for previously issued Debentures which are interest bearing, shall bear interest (i) from and including the Issue Datetheir issue date, or (ii) from and including the last Interest Payment Record Date to which interest shall have been paid or made available for payment on the outstanding DebenturesDebentures of that series, whichever shall be the later, or, in respect of Debentures subject to a Periodic Offering, from and including their issue date or from and including the last Record Date to which interest shall have been paid or made available for payment on such Debentures, in all cases, to and excluding the next Interest Payment Record Date. (b2) Unless otherwise specifically provided in the terms of the DebenturesDebentures of any series, interest shall be computed on the basis of a year of 365 days360 days composed of twelve 30-day months. With respect to any series of Debentures, whenever interest is computed on the basis of a year (the "deemed year") which contains fewer days than the actual number of days in the calendar year of calculation, such rate of interest shall be expressed as a yearly rate for purposes of the Interest Act (Canada) by multiplying such rate of interest by the actual number of days in the calendar year of calculation and dividing it by the number of days in the deemed year.

Concerning Interest. (a) Except as may otherwise be provided in this Indenture or in a Written Direction of the Company and subject to Section 2.1(d) with respect to the calculation of interest in respect of the initial interest payment to be paid on the Debentures, all Debentures All Notes issued hereunder, whether originally or upon exchange or in substitution for previously issued Debentures which are interest bearing, Notes shall bear interest interest: (i) from and including the Issue Datetheir issue date, or (ii) from and including the last Interest Payment Date date to which interest shall have been paid or made available for payment on the outstanding DebenturesNotes of that series, whichever shall be the later, or, in respect of Notes subject to a Periodic Offering, from and including their issue date or from and including the last date to which interest shall have been paid or made available for payment on such Notes, in all cases, to and excluding the next Interest Payment Datedate to which interest shall be paid. (b) Unless otherwise specifically provided in the terms of the Debentures, Notes or any series of Notes interest shall be computed on the basis of a year of 365 daysday year. With respect to any series of Debentures, whenever Whenever interest is computed on the basis of a year (the "“deemed year"”) which contains fewer days than the actual number of days in the calendar year of calculation, such rate of interest shall be expressed as a yearly rate for purposes of the Interest Act (Canada) by multiplying such rate of interest by the actual number of days in the calendar year of calculation and dividing it by the number of days in the deemed year.

Concerning Interest. (a) Except as may otherwise be provided in this Indenture or in a Written Direction of the Company and subject to Section 2.1(d) with respect to the calculation of interest in respect of the initial interest payment to be paid on the Debentures, all All Debentures issued hereunder, whether originally or upon exchange or in substitution for previously issued Debentures which are interest bearing, shall bear interest (i) from and including the Issue Datetheir issue date, or (ii) from and including the last Interest Payment Date to which interest shall have been paid or made available for payment on the outstanding DebenturesDebentures of that series, whichever shall be the later, or, in respect of Debentures subject to a Periodic Offering, (i) from and including their issue date, or (ii) from and including the last Interest Payment Date to which interest shall have been paid or made available for payment on such Debentures, in all cases, to and excluding the next Interest Payment Date.; (b) Unless otherwise specifically provided in the terms of the DebenturesDebentures of any series, interest for any period of less than six months shall be computed on the basis of a year of 365 days. With respect to any series of Debentures, whenever interest is computed on the a basis of a year (the "deemed year") which contains fewer days than the actual number of days in the calendar year of calculation, such rate of interest shall be expressed as a yearly rate for purposes of the Interest Act (Canada) by multiplying such rate of interest by the actual number of days in the calendar year of calculation and dividing it by the number of days in the deemed year.