Common use of Company Call Clause in Contracts

Company Call. 4.1 The Company may call (prepay) any or all Bonds at any time after January 1, 2030. The Company may call the Bonds, in whole or in part, without penalty. If the Bonds are extended for any reason, the Company may redeem the Bonds at any time during such extension period. Any call of a Bond will be at a price equal to the then outstanding Principal Amount on the Bonds being redeemed, plus any accrued but unpaid interest on such Bonds. If the Company plans to call the Bonds, the Company will give notice of call not less than 7 days prior to any redemption via the notice methods provided herein date to each such holder’s address appearing in the Bond Register. In the event the Company elects to call less than all of the Bonds, the particular Bonds to be called will be selected by the Company by such method as the Company shall deem fair and appropriate. 4.2 In the low-probability event that our Founder becomes Incapacitated, the Company shall have the immediate right to call any or all Bonds, as provided in 4.1.