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PRVT » Topics » Section 7.2 Exercise of the Automatic Redemption Right

This excerpt taken from the PRVT 8-K filed Nov 3, 2009.

Section 7.2 Exercise of the Automatic Redemption Right

In any case of a redemption of Exchangeable Shares under this Article 7, Corporation shall, at least five (5) Business Days before the Automatic Redemption Date, send or cause to be sent to each holder of Exchangeable Shares a notice in writing of the redemption by Corporation or the purchase by Callco under the Redemption Call Right, as the case may be, of the Exchangeable Shares held by such holder. Such notice shall set out the calculation of the Redemption Price or the Redemption Call Purchase Price, as the case may be, the Automatic Redemption Date and, if applicable, particulars of the Redemption Call Right.

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