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1994-06-21 Minutes
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1994-06-21 Minutes
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redemption of, any Bonds, without the consent of the owners of such <br />• Bonds; (ii) a reduction in the amount or extension of the time of <br />any payment required to be made to or from the Sinking Fund <br />(including the LOC Interest Sub-account or the LOC Principal Sub- <br />account); (iii) the creation of any lien prior to or on a parity <br />with the lien of this Indenture on the property described in the <br />Granting Clauses of this Indenture or the deprivation of any <br />Bondholders of the lien created by this Indenture on such property, <br />without the consent of .the owners of all the Bonds at the time <br />outstanding; (iv) a reduction in the aforesaid aggregate principal <br />amount of Bonds the owners of which are required to consent to any <br />such supplemental indenture, other than liens in favor of the <br />Credit Facility Issuer, without the consent of the owners of all <br />the Bonds at the time outstanding which would be affected by the <br />action to be taken; (v) a modification of the rights, duties or <br />immunities of the Trustee, without the written consent of the <br />Trustee; or (vi) a change in the purchase price of a Tendered Bond. <br />If at any time the Authority shall request the Trustee <br />to enter into any such supplemental indenture for any of the <br />purposes of this Section, the Trustee shall, upon being <br />satisfactorily indemnified with respect to expenses, cause notice <br />of the proposed execution of such supplemental indenture to be <br />mailed by registered or certified mail to the registered owners of <br />the Bonds at their addresses as the same shall appear on the Bond <br />Register. .Such notice shall briefly set forth the nature of the <br />proposed supplemental indenture and shall state that copies thereof <br />• are on file at the Principal Office of the Trustee for inspection <br />by all Bondholders. The Trustee shall not, however, be subject to <br />any liability to any Bondholder by reason of its failure to mail <br />such notice, and any such failure shall not affect the validity of <br />such supplemental indenture when consented to and approved as <br />provided in this Section. If the owners of the requisite principal <br />amount of Bonds which are outstanding hereunder at the time of the <br />execution of any such supplemental indenture shall have consented <br />to and approved the execution thereof as herein provided, no owner <br />of any Bond shall have any right to object to any of the terms and <br />provisions contained therein, or the operation thereof, or in any <br />manner to question the propriety of the execution thereof, or to <br />enjoin or restrain the Trustee or the Authority from executing the <br />same or from taking any action pursuant to the provisions thereof. <br />Upon the execution of any such supplemental indenture as in this <br />Section permitted and provided, this Indenture shall be and be <br />deemed to be modified and amended in accordance therewith. <br />• 101 <br />
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