12-13-2021 FINAL Packet - Laserfiche WebLink

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49 of the holders of all the Bonds which would be affected by the action to be taken, or (c) the creation of any lien prior to or, except for the lien of parity obligations as provided in this Indenture, on a parity with the lien of this Indenture without the consent of the holders of all the Bonds at the time outstanding, or (d) a reduction in the aforesaid aggregate principal amount of Bonds the holders of which are required to consent to any such supplemental indenture, without the consent of the holders of all the Bonds at the time outstanding which would be affected by the action to be taken, or (e) a modification of the rights, duties or immunities of the Trustee, without the written consent of the Trustee, or (f) a privilege or priority of any Bond over any other Bonds, or (g) deprive the owners of any Bonds then outstanding of the lien thereby created. Anything herein to the contrary notwithstanding, a supplemental indenture under this Article which may affect the amount or availability of the Series 2022 Bond proceeds to pay costs of the Project approved by the Issuer shall not become effective unless and until the Corporation shall have consented in writing to the execution and delivery of such supplemental indenture. In this regard, the Trustee shall cause notice of the proposed execution and delivery of any such supplemental indenture together with a copy of the proposed supplemental indenture to be mailed by certified or registered mail to the Corporation at least thirty (30) days prior to the proposed date of execution and delivery of any such supplemental indenture. Section 9.3 Trustee Reliance. In executing any Supplemental Indenture, the Trustee shall receive and will be fully protected in conclusively relying upon an officer’s certificate and an opinion of Counsel stating that the execution of such Supplemental Indenture is authorized and permitted by this Indenture and is the legal, valid and binding obligation of the Issuer enforceable against it in accordance with its terms. The Trustee may, but shall not be obligated to, enter into any such Supplemental Indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. (End of Article IX)