Chris Evan
The Province of Ontario (the �Province�), for value received, hereby promises to pay to Cede & Co., or its registered assigns, the principal sum of FIVE HUNDRED MILLION UNITED STATES DOLLARS (US$500,000,000) (the �Principal Amount�) in lawful money of the United States of America on July 22, 2016 (the �Maturity Date�) (or on such earlier date as the Principal Amount may become payable hereunder)
Please excuse me while I break this down here.
[The Province of Ontario (Corporation), for value received (they got something...probably Credit), hereby promises to pay to Cede & Co. (DTCC, a holding house) [...] THE PRINCIPAL (the orignial corpus of what they are holding)[...] in NON TAXABLE MONEY]