Color Code
Condition Orange has been brought up as a time when Rule 3 may be broken. However, in reviewing the definition of Condition Orange, I find nothing in it that indicates that a condition exists that would require a defensive weapon to be presented prior to moving to Condition Red. Once in Condition Red, you are in the final process of the decision to shoot, but the trigger has not yet been pulled. Nothing in the definition of Condition Orange or Red indicates that any of the 4 Rules have been relaxed until you have made the decision a specific target must be shot. After that decision has been made, Rule 3 is suspended.
I have reread Elmer Keith's book "Sixguns" where he discusses quick draw, and he talks about violating Rule 3 during the quick draw, but the first section of that chapter discusses the use of the quick draw as part of a defensive response, so it implies a Condition Red situation exists before the hand ever touches the gun. This same logic would apply to Jordan's discussion and to competitive shooters as well. The buzzer is a Condition Red signal, and they have a clearly defined target, so Rule 3 is suspended until the target is hit. I still see no logic in suspending Rule 3 prior to Condition Red.
Gunsite Color Code c/o
http://www.frfrogspad.com/color.htm
White - Relaxed, unaware, and unprepared. If attacked in this state the only thing that may save you is the inadequacy and ineptitude of your attacker. When confronted by something nasty your reaction will probably be, "Oh my God! This can't be happening to me."
Yellow - Relaxed alertness. No specific threat situation. Your mindset is that "today could be the day I may have to defend myself." There is no specific threat but you are aware that the world is an unfriendly place and that you are prepared to do something if necessary. You use your eyes and ears, and your carriage says "I am alert." You don't have to be armed in this state but if you are armed you must be in yellow. When confronted by something nasty your reaction will probably be, "I thought this might happen some day." You can live in this state indefinitely.
Orange - Specific alert. Something not quite right has gotten your attention and you shift your primary focus to that thing. Something is "wrong" with a person or object. Something may happen. Your mindset is that "I may have to shoot that person." Your pistol is usually holstered in this state. You can maintain this state for several hours.
Red - Fight trigger. This is your mental trigger. "If that person does "x" I will shoot them." Your pistol may, but not necessarily, be in your hand.