Interest on Term CORRA Loans

Interest on Term CORRA Loans. The Canadian Borrower shall pay interest on each Term CORRA Loan owing by it during each Interest Period applicable thereto in Canadian Dollars at a rate per annum equal to the Adjusted Term CORRA with respect to such Interest Period plus the Applicable Pricing Rate. Such interest shall accrue daily and shall be payable in arrears on each Interest Payment Date for such Loan for the period from and including the Drawdown Date or the Conversion Date or Interest Payment Date, as the case may be, for such Loan to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the Term CORRA Loan outstanding during such period and on the basis of the actual number of days elapsed in a year.