Debenture Forms. SECTION 201.
Debenture Forms. 13 SECTION 2.1. Forms Generally...................................................................13 SECTION 2.2. Form of Face of Debenture.........................................................14 SECTION 2.3. Form of Reverse Debenture.........................................................18 SECTION 2.4. Form of Trustee's Certificate of Authentication...................................21 SECTION 2.5. Form of Conversion Notice.........................................................21 ARTICLE III DEBENTURES..................................................................................23 SECTION 3.1. Title and Terms; Paying Agent.....................................................23 SECTION 3.2. Denominations.....................................................................24 SECTION 3.3. Execution, Authentication, Delivery and Dating....................................24 SECTION 3.4. Temporary Debentures..............................................................24 SECTION 3.5. Registration, Transfer and Exchange...............................................25 SECTION 3.6. Mutilated, Destroyed, Lost and Stolen Debentures..................................26 SECTION 3.7. Payment of Interest; Interest Rights Preserved....................................27 SECTION 3.8. Persons Deemed Owners.............................................................29 SECTION 3.9. Cancellation......................................................................29 SECTION 3.10. Computation of Interest...........................................................29 SECTION 3.11. Deferrals of Interest Payment Dates...............................................29 SECTION 3.12. Right of Set-Off..................................................................30 SECTION 3.13. Agreed Tax Treatment..............................................................30 SECTION 3.14. Shortening or Extension of Stated Maturity........................................31 SECTION 3.15. Cusip Numbers.....................................................................31
Debenture Forms. SECTION 2.01. Forms Generally.................................. 13 SECTION 2.02. Form of Face of Debenture........................ 14 SECTION 2.03. Form of Reverse of Debenture..................... 16 SECTION 2.04. Form of Trustee's Certificate of Authentication................................. 21
Debenture Forms. 17 SECTION 2.1 Form of Debenture.......................................................................17 ARTICLE III
Debenture Forms. Section 301. Form of Face of Debenture. [Insert any legends required by Section 204 of the Original Indenture.] [FORM OF FACE OF DEBENTURE] FOR UNITED STATES FEDERAL INCOME TAX PURPOSES, THIS DEBENTURE BEARS ORIGINAL ISSUE DISCOUNT. THE ISSUE PRICE WITH RESPECT TO EACH $1,000 OF AMOUNT PAYABLE AT MATURITY OF THIS DEBENTURE IS $913.81 (PLUS ACCRUED INTEREST, IF ANY, FROM MARCH 7, 2003 THROUGH THE DATE OF ISSUANCE), THE AMOUNT OF ORIGINAL ISSUE DISCOUNT WITH RESPECT TO EACH $1,000 OF AMOUNT PAYABLE AT MATURITY OF THIS DEBENTURE IS $86.19 (MINUS ACCRUED INTEREST, IF ANY, FROM MARCH 7, 2003 THROUGH THE DATE OF ISSUANCE), AND THE YIELD TO MATURITY, COMPOUNDED SEMI-ANNUALLY, COMPUTED ON A SEMI-ANNUAL BOND EQUIVALENT BASIS USING A 360-DAY YEAR COMPOSED OF TWELVE 30-DAY MONTHS, IS 1.50% PER YEAR. THE ISSUE DATE IS MARCH 7, 2003. THE INITIAL CONVERSION PREMIUM WITH RESPECT TO EACH $1,000 OF AGGREGATE AMOUNT PAYABLE AT MATURITY OF THIS DEBENTURE IS $430.00. INCO LIMITED CONVERTIBLE DEBENTURES DUE 2023 No. CUSIP No. 453258 AS 4 ----------------- Issue Date: [March 7, 2003] Stated Maturity: March 14, 2023 Issue Price: [$913.81] Original Issue Discount (for U.S. tax purposes): (for each $1,000 Amount Payable at Maturity) [$86.19] (for each $1,000 Amount Payable at Maturity) Inco Limited, a corporation duly organized and existing under the laws of Canada (herein called the "Company", which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to ________, or registered assigns, the sum of $_____ Dollars on ________. Interest will accrue on the Issue Price of this Debenture at a rate of 1.5% per annum, compounded semi-annually, computed on a semi-annual bond equivalent basis using a 360-day year composed of twelve 30-day months, a portion of which will be Cash Interest payable prior to Stated Maturity on the Issue Price from March 7, 2003 or from the most recent Interest Payment Date to which Cash Interest has been paid or as duly provided for, semi-annually on March 14 and September 14 in each year, commencing September 14, 2003, and at the Stated Maturity thereof, at the rate of 1.0943% per annum, until the Amount Payable at Maturity is paid or made available for payment, and (to the extent that the payment of such interest shall be legally enforceable), at the rate of 1.5% per annum on any overdue Debenture Payment, from the dates such amounts are due until they are paid or made available for p...
Debenture Forms. 12 Section 2.1
Debenture Forms. 7 Section 2.1. Forms Generally ........................................................7 Section 2.2. Form of Debenture ......................................................7 Section 2.3. Form of Assignment .....................................................7 ARTICLE THREE
Debenture Forms. 17 SECTION 2.1
Debenture Forms. 15 Section 2.1 Forms Generally . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Debenture Forms. 22 SECTION 2.1. Form of Debenture..........................................................22 SECTION 2.2. Legends on Debentures......................................................22
