88101583 - Laserfiche WebLink

Browse

I 88- 101583 or registered' assigns, at the office or agency of the Company in the Borough of Manhattan, City and State of New York, the principal sum of Dollars on November 1, 1997, in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts, and to pay interest on said principal sum at the rate of 10% per annum, at said office or agency in like coin or currency, from the interest payment date next preceding the date of this Bond to which interest has been paid or duly provided for or the original issue date of the Bonds of Series J, whichever is later (unless this Bond is dated after any Octob~r 15 or April 15, and on or prior to the next succeeding November 1 or May 1, as the case may be, in wnich case, if interest is paid in accordance with the proviso of this sentence, from such succeeding November 1 or May 1, other than in the case of the initial payment of interest on this Bond), semiannually on November 1 and May 1 of each year, commencing May 1, 1988, until payment of said principal sum has been made or duly proviqed for; provided, however, that so long as there is no existing default in the payment of interest (and except for the payment of defaulted interest), the interest payable on any November 1 and May 1 will be paid to the person in whose name this Bond was registered at the close of business (whether or not a business day) on the October 15 or April IS, as the case may be, next preceding such interest payment date and, unless other arrangements acceptable to the Corporate Trustee are made, will be paid by check mailed to such person. If and to the extent that the Company shall default in the payment of interest due on any November 1 or May 1, such defaulted interest shall be paid to the person in whose name this Bond was registered at the close of business on a subsequent record date established by notice for the payment of such defaulted interest. which notice shall be given not less than 15 days prior to such subsequent record date, such subsequent record date to be not less than five days preceding the date of payment of such defaulted interest. REFERENCE IS MADE TO THE FURTHER PROVISIONS OF THIS BO~~ SET FORTH 011 THE REVERSE HEREOF. SUCH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS THOUGH FULLY SET FORTH AT THIS PLACE. This Bond shall not be secured by or entitled to any benefits under the Indenture, or be valid or obligatory fo~ any purpose, until this Bond shall have been authenticated by the certificate hereon of the Corporate Trustee. IN WITNESS WHEREOF, Burlington Northern Railroad Company has caused this instrument to be signed by the manual or facsimile signature of its President or one of its Vice -5- r u L ~ h' L