Specimen of Bond Sample Clauses

Specimen of Bond. CANADA PROVINCE OF QUÉBEC XXXXXXX OPERATING RESOURCES LLC (A limited liability company under the laws of Delaware) 25% Demand Bond No. — CAN$— XXXXXXX OPERATING RESOURCES LLC (hereinafter called the “Borrower”), for value received, promises to pay on demand to BNP Paribas, in its capacity as administrative agent under the Amended and Restated Credit Agreement, or its registered assigns, at —, upon presentation and surrender thereat of the present Bond, the sum of ONE BILLION FIVE HUNDRED SIXTY-TWO MILLION FIVE HUNDRED THOUSAND CANADIAN DOLLARS (CAN$1,562,500,000.00) and to pay interest thereon on demand, from the date hereof until the actual date of payment, at the same address and in like money, at a rate equal to twenty-five percent (25%) per annum, calculated annually, plus interest on all overdue interest, calculated annually at the same rate and in the same manner, from its due date until the actual date of payment. Notwithstanding the nominal value of the Bond, the Bondholder shall not claim under the Bond any greater amount in the aggregate for principal and interest than the aggregate of all sums then owing by the Borrower to any Secured Party on account of Secured Obligations. Any payments under the Bond shall reduce the Secured Obligations in an amount equal to such payment. This Bond is issued under and secured by a Deed of Hypothec and Issue of Bonds executed between the Borrower and BNP Paribas, in its capacity as “fondé de pouvoir” (person holding the power of attorney) of the Bondholders for all purposes of Article 2692 of the Civil Code of Québec (in such capacity, the “Attorney”), on the — day of —, — (the “Deed of Hypothec”), to which Deed of Hypothec reference is hereby made for the terms and conditions upon and subject to which this Bond is issued and held and for the nature and extent of the security thereof. As of the date hereof, the total principal nominal value of Bonds authorized to be issued under the Deed of Hypothec from time to time is limited to — Canadian Dollars (CAN$—). All Bonds at any time outstanding under the Deed of Hypothec rank pari passu and are equally and ratably secured by the Deed of Hypothec. This Bond is fully registered and may only be transferred by the holder hereof upon compliance with the provisions of the Deed of Hypothec in that regard. This Bond is subject to the terms and conditions of the Deed of Hypothec and of the Pledge of Bond Agreement to all of which the holder of this Bond by its acceptance h...