1992-04-30 Resolution 52 - Laserfiche WebLink

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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 (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 • -33-