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08-25 Authorizing the City to Issue One or More Series of its Taxable Economic Development Tax Increment Revenue Bonds and Approving and Authorizing Other Actions in Respec Thereto in Connection With the J. C. Hart Development Project
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08-25 Authorizing the City to Issue One or More Series of its Taxable Economic Development Tax Increment Revenue Bonds and Approving and Authorizing Other Actions in Respec Thereto in Connection With the J. C. Hart Development Project
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ARTICLE X. <br /> AMENDMENTS TO THE LOAN AGREEMENT <br /> Section 10.1. Amendments etc., to Loan Agreement Not Requiring Consent of <br /> Bondholders. The Issuer and the Trustee with the consent of the Company shall, without the <br /> consent of or notice to the Bondholders,consent to any amendment,change or modification of the <br /> Loan Agreement as may be required (i) by the provisions of the Loan Agreement and this <br /> Indenture, or(ii) for the purpose of curing any ambiguity or formal defect or omission therein, or <br /> (iii) in connection with any other change therein which, in the judgment of the Trustee(who may <br /> rely upon the advice and opinion of counsel), is not to the prejudice of the Trustee, the Issuer or <br /> the holders of the Bonds. <br /> Section 10.2. Amendments etc., to Loan Agreement Requiring Consent of <br /> Bondholders. Except for the amendments, changes or modifications as provided in Section 10.1 <br /> hereof, neither the Issuer nor the Trustee shall consent to any other amendment, change or <br /> modification of the Loan Agreement without the written approval or consent of the Requisite <br /> Bondholders given and procured as provided in Section 9.2 hereof. <br /> Section 10.3. Opinion of Counsel. The Trustee shall receive prior to consenting <br /> to any amendment to the Loan Agreement under this Article X, and shall be fully protected in <br /> relying upon, the opinion of any counsel approved by it who may be counsel for the Issuer, as <br /> conclusive evidence that any such consent complies with the provisions of this Indenture,and that <br /> it is proper for the Trustee, under the provisions of this Article X, to consent to such amendment <br /> to the Loan Agreement. <br /> (End of Article X) <br /> 38 <br />
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