1992-06-23 Resolution 57 - Laserfiche WebLink

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r1 U _• • bind and inure to the benefit of their respective successors and assigns, whether so expressed or not. Section 20. Amendment. This Agreement is made for the benefit of the Authority and the holders from time to time of the outstanding 1988 Bonds and it shall not be repealed, revoked, altered or amended without the written consent of all such holders, the Escrow Trustee and the Authority; provided, however, that the Authority and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 provis~.ons 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 1988 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 -17-