Catastrophe call covenants are the protective covenants found in the trust indenture that would be activated.
<h3>Explain
the Catastrophe call.</h3>
- If a facility is condemned, it can no longer generate revenues.
- Though the question is not clear as to why it was condemned, the best choice is that a catastrophe call provision would be activated.
- This requires the issuer to call in the bonds, repaying the bondholders if a disaster occurs.
- Of the other choices, sinking fund covenants and defeasance covenants have no bearing. A maintenance covenant requires the issuer to maintain the facility in good repair.
- This covenant is not "activated" by condemnation, as is a catastrophe called a covenant.
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The answer is Because the quote presents an official statement apexvs
I believe the answer is: The case was appealed and overturned at the state or federal appellate court level.
The supreme court has the highest standing compared to other courts on the lower level. Before a case could be handled in the supreme court, it need to pass both the state and appellate court. Even after passing the lower court, there is only around 1% chance that the case would be heard in the supreme court.
Piaget would say that the group in which 7- to 10-year-old children are playing organized little league baseball and they have learned the formal rules of the game, and they play according to their shared knowledge is an example of heteronomous morality. In this stage children accept that all rules are made by some authority figure and their morality is imposed from the outside.
