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6 <br />F 87 104276 <br />case, if interest is paid in accordance with the proviso of <br />this sentence, from such succeeding May 30 or November 30, <br />other than in the case of the initial payment of interest on <br />this Bond), semiannually on May 30 and November 30 of each <br />year, commencing November 30, 1987, until payment of said <br />principal sum has been made or duly provided for; provided, <br />however, that so long as there is no existing default in the <br />payment of interest (and except for the payment of defaulted <br />interest), the interest payable on any May 30 and Novem- <br />ber 30 will be paid to the person in whose name this Bond <br />was registered at the close of business (whether or not a <br />business day) on the May 15 or November 15, as the case may <br />be, next preceding such interest payment date and, unless <br />other arrangements acceptable to the Corporate Trustee are <br />made, will be paid by check mailed to such person. If and <br />to the extent that the Company shall default in the payment <br />of interest due on any May 30 or November 30, such defaulted <br />interest shall be paid to the person in whose name this Bond <br />was registered at the close of business on a subsequent <br />record date established by notice for the payment of such <br />defaulted interest, which notice shall be given not less <br />than 15 days prior to such subsequent record date, such <br />subsequent record date to be not less than five days preced- <br />ing the date of payment of such defaulted interest. Not- <br />withstanding anything in this Bond to the contrary, interest <br />shall accrue on this Bond from the date the Company shall <br />have defaulted in the payment of interest due hereon to the <br />date such defaulted interest is paid at the rate of 9 -7/8% <br />per annum. <br />REFERENCE IS MADE TO THE FURTHER PROVISIONS OF <br />THIS BOND SET FORTH ON THE REVERSE HEREOF. SUCH FURTHER <br />PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS <br />THOUGH FULLY SET FORTH AT THIS PLACE. <br />This Bond shall not be secured by or entitled to <br />any benefits under the Indenture, or be valid or obligatory <br />for any purpose, until this Bond shall have been authenti- <br />cated by the certificate hereon of the Corporate Trustee. <br />IN WITNESS WHEREOF, Burlington Northern Railroad <br />Company has caused this instrument to be signed by the <br />manual or facsimile signature of its President or one of its <br />Vice Presidents and its corporate seal or a facsimile <br />thereof to be affixed hereto or imprinted hereon and to be <br />X <br />