Company: TSLTF
Filing Date: 2025-12-12
Form Type: SUPPL
Source: 0001193125-25-317786
Chunk: 44

Company: TRANSALTA CORP
Filing Date: 2025-12-12
Form: SUPPL
Chunk 44
---
 Trustee (for, upon request, forwarding to holders) of Notes, within 30 days after the date the payment of any Canadian Taxes is due pursuant to applicable law, certified copies of tax receipts or other documents evidencing such payment by the Corporation. Wherever this Prospectus Supplement or in the Indenture there is mentioned, in any context, the payment of principal (and premium, if any), redemption price, interest or any other amount payable under or with respect to the Notes, such mention shall be deemed to include mention of the payment of additional amounts to the extent that, in such context, additional amounts are, were or would be payable in respect thereof (Section 10.5). S-34

For the purposes of Section 10.5 of the Indenture, a “Holder” of a Note
shall include a beneficial owner thereof.

The foregoing is subject to certain further limitations, as described under the heading
“Certain Income Tax Considerations– Certain U.S. Federal Income Tax Considerations– FATCA” in this Prospectus Supplement.

Events of Default

The following events
are defined in the Indenture as “Events of Default” with respect to the Notes: (a) the failure of the Corporation to pay when due the principal of or premium (if any) on the Notes; (b) the failure of the Corporation, continuing
for 30 days, to pay any interest due on the Notes; (c) the breach or violation of any covenant or condition (other than as referred to in (a) or (b) above), which continues for a period of 60 days after notice from the
Trustee or from holders of at least 25% in principal amount of all outstanding Notes of any series affected thereby; (d) the failure of the Corporation or any Subsidiary to pay when due (after giving effect to any applicable grace periods) any
amount owing in respect of any Indebtedness other than Non-Recourse Debt, or the Corporation or any Subsidiary otherwise defaults in the performance or observance of any other covenant, term, agreement or
condition in connection with such Indebtedness, and if such Indebtedness has not matured it shall have been accelerated prior to the date on which the same would otherwise have become due and payable, provided that the aggregate principal amount of
such Indebtedness is in excess of the greater of US$75 million and 3% of Consolidated Shareholders’ Equity (