Company: TSLTF
Filing Date: 2025-12-12
Form Type: SUPPL
Source: 0001193125-25-317786
Chunk: 54

Company: TRANSALTA CORP
Filing Date: 2025-12-12
Form: SUPPL
Chunk 54
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| (a) | any interest swap agreement, forward rate agreement, floor, cap or collar agreement, futures or options,                                                                                                                                                
 insurance or other similar agreement or arrangement, or any combination thereof, entered into or guaranteed by the Corporation where the subject matter of the same is interest rates or the price, value, or amount payable thereunder is dependent or 
 based upon the interest rates or fluctuations in interest rates in effect from time to time (but, for certainty, shall exclude conventional floating rate debt);                                                                                        |

| (b) | any currency swap agreement, cross currency agreement, forward agreement, floor, cap or collar agreement,                                                                                                                                                
 futures or options, insurance or other similar agreement or arrangement, or any combination thereof, entered into or guaranteed by the Corporation where the subject matter of the same is currency exchange rates or the price, value or amount payable 
 thereunder is dependent or based upon currency exchange rates or fluctuations in currency exchange rates in effect from time to time; and                                                                                                                |

| (c) | any agreement for the making or taking of any commodity (including natural gas, oil or electricity), any                                                                                                                                                  
 commodity swap agreement, floor, cap or collar agreement or commodity future or option or other similar agreements or arrangements, or any combination thereof, entered into or guaranteed by the Corporation where the subject matter of the same is any 
 commodity or the price, value or amount payable thereunder is dependent or based upon the price of any commodity or fluctuations in the price of any commodity;                                                                                           |

to the extent of the net amount due or accruing due by the Corporation thereunder (determined by marking to market the same in accordance with their terms). “ Generally Accepted Accounting Principles” means generally accepted accounting principles which are in effect from time to time in Canada. “ Indebtedness” means all items of indebtedness in respect of any amounts borrowed (including obligations with respect to bankers’ acceptances and contingent reimbursement obligations relating to letters of credit and other financial instruments) and all Purchase Money Obligations which, in accordance with Generally Accepted Accounting Principles, would be recorded in the financial statements as at the date as of which Indebtedness is to be determined, and in any event including, without duplication: (i) obligations secured by any Security Interest existing on property owned subject to such Security Interest, whether or not the obligations secured thereby shall have been assumed; and (ii) guarantees, indemnities, endorsements (other than S-40

endorsements for collection in the ordinary course of business) or other contingent