1998-10-19 Resolution 130 - Laserfiche WebLink

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• Section 20. Amendment. This Agreement is made for the benefit of the Authority and the holders from time to time of the outstanding Prior Bonds and it shall not be repealed, revoked, altered or amended without the written consent of all such holders, the Escrow Trustee and the Authority; provided, however, that the Authority and the Escrow Trustee may, without the consent of, or notice to, such bondholders enter into such agreements supplemental to this Agreement as shall not adversely affect the rights. of such bondholders and shall not be inconsistent with the terms and provisions of this Agreement, for any one or more of the following purposes: (a) to cure any ambiguity or formal defect or omission in the Agreement; (b) to grant to or confer upon the Escrow Trustee for the benefit of the holders of the Prior Bonds any additional rights, remedies, powers or authority that may lawfully be granted to or conferred upon the Escrow Trustee; and • (c) to sever any provision deemed illegal. The Escrow Trustee shall be entitled to rely exclusively upon an opinion of nationally recognized bond counsel with respect to compliance with this Section 20. Section 21. Severability. If any one or more of the covenants or agreements provided in this Agreement on the part of the Authority or-the Escrow Trustee to be performed should be determined by a court of competent jurisdiction to be contrary to law, such covenant or agreement shall be deemed and construed to be severable therefrom and shall in no way affect the validity of the remaining provisions of this Agreement. Section 22. Counterparts; Headings. This Agreement may be executed in several counterparts, all or any of which shall be regarded for all purposes as one original and shall • ::ODMA\PCDOCS\SBDOCS (\2420512 ' 1 ~'