Contingent Bond Redemption Sample Clauses

Contingent Bond Redemption. There are not any Bonds that must be, or are reasonably expected to be, redeemed prior to final maturity upon the occurrence of a contingency. For this purpose, (a) a contingent redemption is taken into account only if the contingency is reasonably expected to occur and (b) excess proceeds calls for issues for which the general three-year or restricted working capital expenditure temporary period requirements are satisfied, calamity calls and refundings do not cause a Bond to be subject to early redemption.