1994-05-17 Resolution 91 - Laserfiche WebLink

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the provisions of this section, this Agreement shall be, and shall • be deemed, modified and amended in accordance therewith, and the respective rights, duties and obligations under this Agreement of the Authority, the Trustee, and all holders of Bonds then outstanding shall thereafter be determined, exercised and enforced hereunder, subject in all respects to such modifications and amendments. Sec. 10.03. The Trustee is authorized to join with the Authority in the execution of any such supplemental agreement and to make the further agreements and stipulations which may be contained therein. Any supplemental agreement executed in accordance with the provisions of this Article shall thereafter form a part of this Agreement, and all the terms and conditions contained in any such supplemental agreement as to any provision authorized to be contained therein shall be, and shall be deemed to be, part of the terms and conditions of this Agreement for any and all purposes. Sec. 10.04. The Trustee shall be entitled to receive, and shall be fully protected in relying upon, the opinion of any counsel approved by it who may be counsel for the Authority, as conclusive evidence that any such proposed supplemental agreement complies with the provisions of this Agreement, and that it is proper for the Trustee, under the provisions of this Article, to join in the execution of such supplemental agreement. • Sec. 10.05. Notwithstanding anything contained in the foregoing provisions of this Agreement, the rights and obligations of the Authority and of the holders of the Bonds, and the terms and provisions of the Bonds and this Agreement, or any supplemental agreement, may be modified or altered in any respect with the consent of the Authority and the consent of the holders of all the Bonds then outstanding. Sec. 10.06. Any provision of this Agreement expressly recognized for granting rights in or to [Name of Insurer] may not be amended in any manner which affects the rights of [Name of Insurer] hereunder without the prior written consent of [Name of Insurer]. Further, unless otherwise provided in this Section 10.06, [Name of Insurer]'s consent shall be required in addition to consent of Bondholders for the following purposes: (a) execution and delivery of any supplemental indenture; (b) removal of the Trustee and selection and appointment of any successor trustee; and (c) initiation or approval of any action not described in clause (a) or (b) which requires consent of Bondholders. • -45-