1988-06-17 Resolution 8 - Laserfiche WebLink

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(e) 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; and (f) any other purpose which in the judgment of the Trustee does not adversely impact the interest of the Bondholders. Sec. 10.02. Subject to the terms and provisions contained in this section, and not otherwise, the holders of not less than sixty-six and two-thirds percent (66-2/3~) in aggregate principal amount of the Bonds then outstanding shall have the right from time to time, anything contained in this Agreement to the contrary notwithstanding, to consent to and approve the execution by the Authority and the Trustee of such agreement or agreements supplemental hereto as shall be 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 this Agreement. or in -any supplemental agreement; provided, however, that nothing herein contained shall permit or be construed as permitting: (a) an extension of the maturity of the principal or interest on any Bond issued .hereunder; or • (b) a reduction in the principal amount of any Bond or the redemption premium or the rate of interest thereon; or (c) a preference or priority of any Bond or Bonds over any other Bond or Bonds; or (d) a reduction in the aggregate principal amount of the Bonds required for consent to such supplemental agreement. Nothing herein contained, however, shall be construed as making necessary the approval by the Bondholders of the execution of any supplemental-agreement or agreements as authorized in Section 10.01 of this Article. If at any time the Authority shall request the Trustee to enter into any supplemental agreement for any of the purposes of this section, the Trustee shall, at the expense of the Authority, give notice by mail, postage prepaid, to all registered owners of Bonds. Such notice shall briefly set forth the nature of the proposed supplemental agreement and shall state that a copy thereof is on file at the office of the Trustee for inspection by all Bondholders. .The Trustee shall not, however, be subject to any liability to any Bondholder by reason of its failure to mail the notice required by .this section, and any such ' • failure shall not affect the validity of such supplemental agreement when consented to and approved as provided in this section. -31-