Obligor shall be entitled to re-offer Bonds, which it accepted in accordance with Article (12-11) in this Module, for subscription if such subscription is not prohibited based on the Company Contract or in the event that such Bonds are recovered pursuant to an obligation of redemption on the Obligor. Offer of recovered Bonds for Subscription again shall not be deemed a new Subscription in accordance with the provisions of the previous Article and the provisions applicable to the Bonds subscribed in, in the same issue, shall be applicable to the Bonds re-offered. Bonds listed on the Exchange and issued by banks shall be exempt from the conditions provided for in this article concerning the Obligor’s acceptance of Bonds to fulfil the debts due to the Obligor.