Form and Terms of Series 1 Notes Sample Clauses

Form and Terms of Series 1 Notes. (a) The maximum principal amount of Series 1 Notes that may be issued is unlimited. The initial amount of Series 1 Notes that is authorized and issued under this Supplemental Indenture on the date hereof is $500,000,000 in the lawful money of Canada. (b) The Series 1 Notes shall mature on November 22, 2029. (c) The Series 1 Notes bear interest from the date of issue at the rate of 4.362% per annum, payable in equal installments, semi-annually in arrears on May 22 and on November 22 in each year (each, an "Interest Payment Date") in an amount equal to $21.81 per $1,000 principal amount outstanding of the Series 1 Notes (less any tax required by law to be withheld). The first interest payment to fall due on May 22, 2025 shall be in respect of Series 1 Notes issued on the date hereof and the last such payment (representing interest payable from and including the last Interest Payment Date to, but excluding, the Maturity Date of the Series 1 Notes or the earlier Redemption Date of the Series 1 Notes), subject as herein provided, to fall due on November 22, 2029 or the earlier Redemption Date, payable after as well as before maturity and after as well as before default, with interest on amounts in default at the same rate, compounded semi-annually. Interest payable for any period less than a full semi-annual period shall be computed on the basis of a 365 day year or 366 day year, as applicable, and the actual number of days elapsed in the period. For greater certainty, the first interest payment will include interest accrued from and including the date of issue to, but excluding May 22, 2025 which will be equal to $21.81 for each $1,000 principal amount of Series 1 Notes. (d) The Series 1 Notes may be redeemed at the option of the Issuer, in whole at any time, or in part from time to time, upon such condition as may be specified in the notice of redemption and on a Redemption Date determined by the Issuer that is not less than 10 nor more than 60 days after such notice of redemption is given to the holders of the Series 1 Notes to be redeemed pursuant to Article 5 of the Indenture, (i) prior to the Par Call Date, at a Redemption Price equal to the greater of par and the Canada Yield Price, or (ii) at any time on or after the Par Call Date, at a Redemption Price equal to par, together in each case with accrued and unpaid interest, if any, to but excluding, the date fixed for the redemption. The Issuer will be responsible for calculating the Redemption Price. Les...