Common use of Issuer Call Clause in Contracts

Issuer Call. The Corporation may, at its option, at any time prior to the Maturity Date of any outstanding Debentures and upon providing at least ten (10) trading days prior written notice (each, an Issuer Call Notice) to the holder, demand to reimburse one hundred percent (100%) of the Outstanding Principal of such Debentures, for cash, in an amount equal to one hundred and twenty percent (120%) of the principal amount of such Debentures (the Issuer Call Price). Such reimbursement may be made without prejudice to the Corporation’s right to issue subsequent facilities of Debentures. Upon receipt of an Issuer Call Notice, the holder shall have five (5) trading days to determine whether to convert any of the Outstanding Principal into Common Shares and, if so determined, to deliver a Conversion Notice. Any Outstanding Principal that is subject to the Conversion Notice shall not be reimbursed but shall be converted into Common Shares; the remainder of the Outstanding Principal subject to the Issuer Call Notice, if any, shall then be reimbursed at the Issuer Call Price within such ten (10) trading day period.

Issuer Call. The Corporation may, at its option, at any time prior to the Maturity Date of any outstanding Debentures and upon providing at least ten (10) trading days prior written notice (each, an Issuer Call Notice) to the holder, demand to reimburse one hundred percent (100%) of the Outstanding Principal of such Debentures, for cash, in an amount equal to one hundred and twenty ten percent (120110%) of the principal amount of such Debentures (the Issuer Call Price). Such reimbursement may be made without prejudice to the Corporation’s right to issue subsequent facilities of Debentures. Upon receipt of an Issuer Call Notice, the holder shall have five (5) trading days to determine whether to convert any of the Outstanding Principal into Common Shares and, if so determined, to deliver a Conversion Notice. Any Outstanding Principal that is subject to the Conversion Notice shall not be reimbursed but shall be converted into Common Shares; the remainder of the Outstanding Principal subject to the Issuer Call Notice, if any, shall then be reimbursed at the Issuer Call Price within such ten (10) trading day periodPrice.