1998-10-19 Resolution 130 - Laserfiche WebLink

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• Supplemental Agreements The Authority and the Trustee may, without notice to or consent of any Bondholder, enter into supplemental agreements which are not inconsistent with-the terms and provisions of the Trust Agreement: (i) to cure any ambiguity or formal defect or omission in the Trust Agreement, or in any supplemental agreement, which does not adversely affect the rights of the registered owners; or (ii) to grant to or confer upon the Trustee, for the benefit of the registered owners, any additional benefits, rights, remedies, powers, authority or security that may lawfully be granted to or conferred upon the registered owners or the Trustee; or (iii) to modify, amend or supplement the Trust Agreement to permit the qualification of the Bonds for sale under the securities laws of the United States of America or of any of the states of the United States of America or to obtain or maintain bond insurance with respect to payments of principal of and interest on the Bonds; or (iv) to provide for the refunding or advance refunding of the Bonds in whole or in part; (v) to designate a person to act as successor depository and authorize the • execution of anew representations letter, or to provide for the execution and' authentication. of certificates for the Bonds and delivery of such certificates to the beneficial. owners of the Bonds; or (vi) to procure or maintain a rating on the Bonds from a nationally recognized securities rating agency designated in such supplemental agreement, if such supplemental agreement will not adversely affect the owners of the Bonds. In addition, the registered owners of not less than 66-2/3 % in aggregate principal amount of the Bonds then outstanding may consent to and approve supplemental agreements as are deemed necessary or desirable by the Authority for the purpose of modifying, altering, amending, adding to or rescinding, in any particular, any of the terms or provisions contained in the Trust Agreement or in any supplemental agreement; provided, however, that such supplemental agreement does not effect: (i) an extension of the maturity of the principal of or interest on any Bond; or (ii) a reduction in the principal amount of any Bond or the rate of interest or the applicable redemption premium, if any, thereon; or (iii) a preference or priority of any Bond or Bonds over any other Bond or Bonds; or (iv) a reduction in the aggregate principal amount of the Bonds required for consent to such supplemental agreement.