Company: TSLTF
Filing Date: 2025-12-12
Form Type: SUPPL
Source: 0001193125-25-317786
Chunk: 48

Company: TRANSALTA CORP
Filing Date: 2025-12-12
Form: SUPPL
Chunk 48
---
 an arrangement between the Corporation or any Subsidiary and a bank, insurance company or other lender or investor where the Corporation or any Subsidiary lease real or personal property which was or will be sold by the Corporation or any Subsidiary to that lender or investor. The Corporation can comply with this restrictive covenant if it meets either of the following conditions:

| (a) | the sale and leaseback transaction is entered into prior to, concurrently with or within 270 days after the                                                       
 acquisition, the completion of construction (including any improvements on an existing property) or the commencement of commercial operations of the property; or |

| (b) | the Corporation or its Subsidiaries could otherwise grant a Security Interest on the property as permitted by                   
 the provisions of the covenant (described under the heading “– Negative Pledge” in this Prospectus Supplement) (Section 10.10). |

Negative Pledge So long as any Notes remain outstanding the Corporation and its Subsidiaries will not create, assume or otherwise have outstanding any Security Interest, except for Permitted Encumbrances, on or over its or their respective assets (present or future) in respect of any Indebtedness of any person unless, in the opinion of legal counsel to the Corporation or the Trustee, the obligations of the Corporation in respect of all Notes then outstanding shall be secured equally and rateably therewith (Section 10.12). Provision of Financial Information TransAlta will file with the Trustee, within 15 days after it files them with the SEC, copies of its annual report and of the information, documents and other reports (or copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) which TransAlta is required to file with the SEC pursuant to Section 13 or 15(d) of the U.S. Exchange Act. Notwithstanding that TransAlta may not be required to remain subject to the reporting requirements of Section 13 or 15(d) of the U.S. Exchange Act or otherwise report on an annual and quarterly basis on forms provided for such annual and quarterly reporting pursuant to rules and regulations promulgated by the SEC, TransAlta will continue to provide the Trustee (a) within 140 days after the end of each fiscal year, the information required to be contained in annual reports on Form 20-For Form 40-Fas applicable (or any successor form); and (b) within 60 days after the end of each