Common use of Exchanges of Debentures Clause in Contracts

Exchanges of Debentures. (a) Subject to Sections 3.1, 3.2, 3.3 and 3.9, Certificated Debentures in any authorized form or denomination, may be exchanged for Certificated Debentures in any other authorized form or denomination, of the same series and date of maturity, bearing the same interest rate and of the same aggregate principal amount as the Certificated Debentures so exchanged. (b) In respect of exchanges of Certificated Debentures permitted by Section 3.8(a), Certificated Debentures of any series may be exchanged only at the principal office of the Trustee in the city of Toronto, Ontario or at such other place or places, if any, as may be specified in the Debentures of such series and at such other place or places as may from time to time be designated by the Corporation with the approval of the Trustee. Any Certificated Debentures tendered for exchange shall be surrendered to the Trustee. The Corporation shall execute and the Trustee shall Authenticate all Certificated Debentures necessary to carry out exchanges as aforesaid. All Certificated Debentures surrendered for exchange shall be cancelled. (c) Debentures issued in exchange for Debentures which at the time of such issue have been selected or called for redemption at a later date shall be deemed to have been selected or called for redemption in the same manner and shall have noted thereon a statement to that effect. (d) Transfers of beneficial ownership of any Uncertificated Debenture through the Uncertificated Book-Entry Only System will be effected only (i) with respect to the interest of a Depositary Participant, through records maintained by the Depositary or its nominee for such Debentures, and (ii) with respect to the interest of any person other than a Participant through records maintained by Depositary Participants.

Exchanges of Debentures. (a) Subject to Sections 3.1, 3.2, 3.3 and 3.9, Certificated Debentures in any authorized form or denomination, may be exchanged for Certificated Debentures in any other authorized form or denomination, of the same series and date of maturity, bearing the same interest rate and of the same aggregate principal amount as the Certificated Debentures so exchanged.exchanged.‌ (b) In respect of exchanges of Certificated Debentures permitted by Section 3.8(a), Certificated Debentures of any series may be exchanged only at the principal office of the Trustee in the city of Toronto, Ontario or at such other place or places, if any, as may be specified in the Debentures of such series and at such other place or places as may from time to time be designated by the Corporation with the approval of the Trustee. Any Certificated Debentures tendered for exchange shall be surrendered to the Trustee. The Corporation shall execute and the Trustee shall Authenticate all Certificated Debentures necessary to carry out exchanges as aforesaid. All Certificated Debentures surrendered for exchange shall be cancelled. (c) Debentures issued in exchange for Debentures which at the time of such issue have been selected or called for redemption at a later date shall be deemed to have been selected or called for redemption in the same manner and shall have noted thereon a statement to that effect. (d) Transfers of beneficial ownership of any Uncertificated Debenture through the Uncertificated Book-Entry Only System NCI will be effected only (i) with respect to the interest of a Depositary Participant, through records maintained by the Depositary or its nominee for such Debentures, and (ii) with respect to the interest of any person other than a Participant through records maintained by Depositary Participants.

Exchanges of Debentures. (a) ‌ 3.6.1 Subject to Sections Section 3.1, 3.2Section 3.2 and Section 3.7, 3.3 and 3.9, Certificated Debentures in any authorized form or denomination, other than Global Debentures, may be exchanged for Certificated Debentures in any other authorized form or denomination, of the same series and date of maturity, bearing the same interest rate and of the same aggregate principal amount as the Certificated Debentures so exchanged. (b) 3.6.2 In respect of exchanges of Certificated Debentures permitted by Section 3.8(a)3.6.1, Certificated Debentures of any series may be exchanged only at the principal office offices of the Trustee in the city of Toronto, Ontario or at such other place or places, if any, as may be specified in the Debentures of such series and at such other place or places as may from time to time be designated by the Corporation with the approval of the Trustee. Any Certificated Debentures tendered surrendered for exchange shall be surrendered to the Trustee. The Corporation shall execute and the Trustee shall Authenticate certify all Certificated Debentures necessary to carry out exchanges as aforesaid. All Certificated Debentures surrendered for exchange shall be cancelled. (c) 3.6.3 Debentures issued in exchange for Debentures which at the time of such issue have been selected or called for redemption at a later date shall be deemed to have been selected or called for redemption in the same manner and shall have noted thereon a statement to that effect. (d) Transfers of beneficial ownership of any Uncertificated Debenture through the Uncertificated Book-Entry Only System will be effected only (i) with respect to the interest of a Depositary Participant, through records maintained by the Depositary or its nominee for such Debentures, and (ii) with respect to the interest of any person other than a Participant through records maintained by Depositary Participants.

Exchanges of Debentures. ‌ (a1) Subject to Sections 3.1, 3.2, 3.3 Section 2.14 and 3.9Section 2.20, Certificated Debentures in any authorized form or denomination, may be exchanged for Certificated Debentures in any other authorized form or denomination, of the same series and date of maturity, bearing the same interest rate and of the same aggregate principal amount as the Certificated Debentures so exchanged.exchanged.‌ (b2) In respect of exchanges of Certificated Debentures permitted by Section 3.8(a2.19(1), Certificated Debentures of any series may be exchanged only at the principal office of the Trustee in the city of TorontoCalgary, Ontario Alberta or at such other place or places, if any, as may be specified in the Debentures of such series and at such other place or places as may from time to time be designated by the Corporation with the approval of the Trustee. Any Certificated Debentures tendered for exchange shall be surrendered to the Trustee. The Corporation shall execute and the Trustee shall Authenticate all Certificated Debentures necessary to carry out exchanges as aforesaid. All Certificated Debentures surrendered for exchange shall be cancelled. (c3) Debentures issued in exchange for Debentures which at the time of such issue have been selected or called for redemption at a later date shall be deemed to have been selected or called for redemption in the same manner and shall have noted thereon a statement to that effect. (d4) Transfers of beneficial ownership of any Uncertificated Debenture through the Uncertificated Book-Entry Only System will be effected only (i) with respect to the interest of a Depositary Participant, through records maintained by the Depositary or its nominee for such Debentures, and (ii) with respect to the interest of any person Person other than a Participant through records maintained by Depositary Participants.

Exchanges of Debentures. (a) Subject to Sections 3.1, 3.23.2 and 3.7, 3.3 and 3.9, Certificated Debentures in any authorized form or denomination, other than Global Debentures, may be exchanged for Certificated Debentures in any other authorized form or denomination, of the same series and date of maturity, bearing the same interest rate and of the same aggregate principal amount as the Certificated Debentures so exchanged. (b) In respect of exchanges of Certificated Debentures permitted by Section 3.8(a3.6(a), Certificated Debentures of any series may be exchanged only at the principal office of the Trustee in the city of Toronto, Ontario or at such other place or places, if any, as may be specified in the Debentures of such series and at such other place or places as may from time to time be designated by the Corporation with the approval of the Trustee. Any Certificated Debentures tendered for exchange shall be surrendered to the Trustee. The Corporation shall execute and the Trustee shall Authenticate certify all Certificated Debentures necessary to carry out exchanges as aforesaid. All Certificated Debentures surrendered for exchange shall be cancelled. (c) In connection with any transfer or exchange of a portion of the beneficial interest in the Restricted ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ represented by Global Debentures, if any, as permitted by Section 3.10, the Trustee shall reflect on its books and records the date and a decrease in the Restricted 144A Global Debentures in an amount equal to the amount to be transferred and remove the U.S. restrictions on transfer for such Restricted 144A Global Debentures, and the Trustee shall reflect the transfer from the Restricted ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ CUSIP number to the non-restricted CUSIP number on its books and records. The Corporation shall execute and the Trustee shall certify all Debentures necessary to carry out exchanges as aforesaid. (d) Debentures issued in exchange for Debentures which at the time of such issue have been selected or called for redemption at a later date shall be deemed to have been selected or called for redemption in the same manner and shall have noted thereon a statement to that effect. (d) Transfers of beneficial ownership of any Uncertificated Debenture through the Uncertificated Book-Entry Only System will be effected only (i) with respect to the interest of a Depositary Participant, through records maintained by the Depositary or its nominee for such Debentures, and (ii) with respect to the interest of any person other than a Participant through records maintained by Depositary Participants.

Exchanges of Debentures. (a1) Subject to Sections 3.1, 3.2, 3.3 Section 2.13 and 3.9Section 2.19, Certificated Debentures in any authorized form or denomination, may be exchanged for Certificated Debentures in any other authorized form or denomination, of the same series and date of maturity, bearing the same interest rate and of the same aggregate principal amount as the Certificated Debentures so exchanged. (b2) In respect of exchanges of Certificated Debentures permitted by Section 3.8(a2.18(1), Certificated Debentures of any series may be exchanged only at the principal office of the Trustee in the city of Toronto, Ontario or at such other place or places, if any, as may be specified in the Debentures of such series and at such other place or places as may from time to time be designated by the Corporation with the approval of the Trustee. Any Certificated Debentures tendered for exchange shall be surrendered to the Trustee. The Corporation shall execute and the Trustee shall Authenticate all Certificated Debentures necessary to carry out exchanges as aforesaid. All Certificated Debentures surrendered for exchange shall be cancelled. (c) Debentures issued in exchange for Debentures which at the time of such issue have been selected or called for redemption at a later date shall be deemed to have been selected or called for redemption in the same manner and shall have noted thereon a statement to that effect. (d3) Transfers of beneficial ownership of any Uncertificated Debenture through the Uncertificated Book-Entry Only System will be effected only (i) with respect to the interest of a Depositary Participant, through records maintained by the Depositary or its nominee for such Debentures, and (ii) with respect to the interest of any person Person other than a Participant through records maintained by Depositary Participants.

Exchanges of Debentures. (a1) Subject to Sections 3.1, 3.2, 3.3 Section 2.14 and 3.9Section 2.20, Certificated Debentures in any authorized form or denomination, may be exchanged for Certificated Debentures in any other authorized form or denomination, of the same series and date of maturity, bearing the same interest rate and of the same aggregate principal amount as the Certificated Debentures so exchanged. (b2) In respect of exchanges of Certificated Debentures permitted by Section 3.8(a2.19(1), Certificated Debentures of any series may be exchanged only at the principal office of the Trustee in the city of Toronto, Ontario or at such other place or places, if any, as may be specified in the Debentures of such series and at such other place or places as may from time to time be designated by the Corporation with the approval of the Trustee. Any Certificated Debentures tendered for exchange shall be surrendered to the Trustee. The Corporation shall execute and the Trustee shall Authenticate all Certificated Debentures necessary to carry out exchanges as aforesaid. All Certificated Debentures surrendered for exchange shall be cancelled. (c3) Debentures issued in exchange for Debentures which at the time of such issue have been selected or called for redemption at a later date shall be deemed to have been selected or called for redemption in the same manner and shall have noted thereon a statement to that effect. (d4) Transfers of beneficial ownership of any Uncertificated Debenture through the Uncertificated Book-Entry Only System will be effected only (i) with respect to the interest of a Depositary Participant, through records maintained by the Depositary or its nominee for such Debentures, and (ii) with respect to the interest of any person Person other than a Participant through records maintained by Depositary Participants.