Form of Initial Debenture Sample Clauses

Form of Initial Debenture. The Initial Debenture shall be in the form annexed hereto as Exhibit A.

Form of Initial Debenture. This Initial Debenture is a Global Debenture within the meaning of the Indenture herein referred to and is registered in the name of a Depositary or a nominee thereof. This Initial Debenture may not be transferred to or exchanged for Initial Debentures registered in the name of any person other than the Depositary or a nominee thereof and no such transfer may be registered except in the limited circumstances described in the Indenture. Every Initial Debenture authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, this Initial Debenture will be a Global Debenture subject to the foregoing, except in such limited circumstances described in the Indenture. Unless this Initial Debenture is presented by an authorized representative of The CDS Clearing and Depository Services Inc. (“CDS”) to the Issuer or its agent for registration of transfer, exchange or payment, and any Initial Debenture issued in respect thereof is registered in the name of “CDS & Co.”, as nominee of CDS, or in such other name as is requested by an authorized representative of CDS (and any payment is made to CDS or to such other entity as is requested by an authorized representative of CDS), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since as the registered holder hereof, CDS has an interest herein. No. [2010-001] CUSIP • BORALEX INC. (A CORPORATION INCORPORATED PURSUANT TO THE CANADA BUSINESS CORPORATIONS ACT) 6.25% CONVERTIBLE UNSECURED SUBORDINATED DEBENTURE DUE JUNE 30, 2017 BORALEX INC. (the “Corporation”) for value received hereby acknowledges itself indebted and, subject to the provisions of the Trust Indenture (the “Indenture”) dated as of •, 2010 between the Corporation and Computershare Trust Company of Canada (the “Debenture Trustee”), promises to pay to the registered holder hereof on the maturity date of this Initial Debenture, as hereinafter described, or on such earlier date as the principal amount hereof may become due in accordance with the provisions of the Indenture, the principal sum of $ • in lawful money of Canada on presentation and surrender of this Initial Debenture at the main branch of the Debenture Trustee in Montréal, Québec in accordance with the terms of the Indenture. The maturity date (the “Maturity Date”) for the Initial Debentures will be June 30, 2017. The Initial Debentures will bear interest at the rate of 6.25% per annum, payable semi-annually, not in advance, ...