Common use of Sinking Fund; Mandatory Redemption Clause in Contracts

Sinking Fund; Mandatory Redemption. There is no sinking fund for, or mandatory redemption of, the Notes. The Company and its Affiliates may at any time and from time to time purchase Notes in the open market or otherwise.

Appears in 2 contracts

Sources: Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc)