1991-11-15 Resolution 46 - Laserfiche WebLink

Home Browse Search

nevertheless, on the written request of the successor trustee, the trustee ceasing to act shall execute and deliver to such successor • trustee all conveyances and instruments proper to .evidence the vesting in .the new trustee of-the interest and title of the retiring trustee in the trusts hereby created, subject, however, to any lien which the retiring trustee may- have pursuant to any provision hereof; and upon request in writing of any successor trustee, the Authority covenants to make, execute, acknowledge and deliver any and all deeds, conveyances, assignments, or instruments in writing for the more fully and certainly vesting. in and confirming to such successor trustee all .such assets, property, rights, powers and trusts. ARTICLE X. Supplemental Agreements Sec. 10.01. Without notice to or the consent of any Bondholders, the Authority and the Trustee may, from time to time and at any time, enter into such agreements supplemental hereto as shall not be inconsistent with the terms and provisions ,hereof ,(which supplemental agreements shall thereafter form a part hereof): (a) To cure any ambiguity or formal defect or omission '-in this .Agreement, or in -any supplemental agreement, which _ does not adversely affect the rights of the Bondholders; (b) to grant to or confer upon the Trustee, for. the benefit of the Bondholders, any additional benefits, rights, remedies, powers, authority or security that may lawfully be ._~__...._ ._._ .__ _ .... granted- to _or conferred upon the Bondholders or the Trustee,....- --... or to---make any change which in the judgment of the Trustee, is not to .the. prejudice of the Bondholders; -- - (c) to modify, amend or supplement this 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; (d) to provide for the refunding or advance refunding of the Bonds in whole or in part; (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 -32-