content_image/187312.jpg content_image/187313.jpg content_image/187314.jpg
The minimum lease payments in the next five years and thereafter are reconciled to the finance lease obligation as follow: 

<img src='content_image/187312.jpg'>

## NOTE 19. LONG-TERM DEBT 

## (A) Components of Long-term Debt 

<img src='content_image/187313.jpg'>

## (i) CPC-Cardinal credit facility 

On November 12, 2013, the Corporation repaid the CPC-Cardinal credit facility from the proceeds of the new corporate credit facility. 

## (ii) Erie Shores Wind Farm 

<img src='content_image/187314.jpg'>

The Erie Shores project debt was secured only by Erie Shores' assets, with no recourse to the Corporation's other assets, except for a $5,000 limited recourse guarantee provided by CPC to the lenders of the Erie Shores project debt. As at December 31, 2013, the carrying value of the assets of Erie Shores exceeded the total amount of project debt outstanding. 

Under the agreement, Erie Shores must satisfy certain restrictive covenants as to minimum debt service coverage ratios. Additionally, Erie Shores is required to set aside $5,672 as restricted cash to cover the debt service and maintenance reserves. 

