Company: TSLTF
Filing Date: 2025-12-12
Form Type: SUPPL
Source: 0001193125-25-317786
Chunk: 56

Company: TRANSALTA CORP
Filing Date: 2025-12-12
Form: SUPPL
Chunk 56
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 such property is otherwise, directly or indirectly acquired by the Corporation other than a Security Interest incurred in contemplation of such merger, 
 amalgamation, consolidation or acquisition;                                                                                                                                                                                                          |

| (f) | any Security Interest securing any Indebtedness to any bank or banks or other lending institution or                                                                                                                                                   
 institutions incurred in the ordinary course of business and for the purpose of carrying on the same, repayable on demand or maturing within 12 months of the date when such Indebtedness is incurred or the date of any renewal or extension thereof; |

| (g) | any Security Interest on or against cash or marketable debt securities pledged to secure Financial Instrument 
 Obligations;                                                                                                  |

| (h) | any Security Interest in respect of: |

| (i) | liens for taxes, duties and assessments not at the time overdue or any liens securing workmen’s                                                                                                                                                  
 compensation assessments, unemployment insurance or other social security obligations; provided however, that if any such liens, duties or assessments are then overdue the Corporation or the applicable Subsidiary thereof shall be contesting 
 the same in good faith;                                                                                                                                                                                                                          |

S-41

| (ii) | any liens or rights of distress reserved in or exercisable under any lease for rent and for compliance with the 
 terms of such lease;                                                                                            |

| (iii) | any obligations or duties, affecting the property of the Corporation or any Subsidiary thereof, to any                                                                                                                                                    
 municipality or governmental, statutory or other public authority, with respect to any franchise, permit, licence or grant and any defects in title to structures or other facilities arising solely from the fact that such structures or facilities are 
 constructed or installed on lands held by the Corporation or any Subsidiary thereof, under franchises, permits, licences or other grants, from a municipality or other such authority, which obligations, duties and defects in the aggregate do not      
 materially impair the use of such property, structures or facilities for the purpose for which they are held by the Corporation or any Subsidiary thereof;                                                                                                |

| (iv) | any deposits or liens in connection with contracts, bids, tenders or expropriation proceedings, surety or                                                                                                       
 appeal bonds, costs of litigation when required by law, public and statutory obligations, liens or claims incidental to current construction, builders’, mechanics’, labourers’, materialmen’s, warehousemen’s, 
 carriers’ and other similar liens;                                                                                                                                                                              |

| (v)