Common use of Exclusion of Certain Securities from Eligibility for Selection for Redemption Clause in Contracts

Exclusion of Certain Securities from Eligibility for Selection for Redemption. Securities shall be excluded from eligibility for selection for redemption if they are identified by registration and certificate number in an Officers’ Certificate delivered to the Trustee and the Securities Administrator at least 60 days prior to the last date on which notice of redemption may be given as being owned of record and beneficially by, and not pledged or hypothecated by either (a) the Issuer or (b) an entity specifically identified in such written statement as directly or indirectly controlling or controlled by or under direct or indirect common control with the Issuer. For the avoidance of doubt, if only a portion of a Security is intended to be excluded from eligibility for selection for redemption, such Security must first be separated into separate certificates such that the Securities that are intended to be so excluded from eligibility for selection for redemption are evidenced by separate, and separately numbered, certificates.