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EDC Agenda & Packet 2.5.2026 - Revised
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EDC Agenda & Packet 2.5.2026 - Revised
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Dept of Community Investment
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<br />38 <br />ARTICLE X. <br />AMENDMENTS TO THE LOAN AGREEMENT <br />Amendments etc., to Loan Agreement Not Requiring Consent of Bondholders. The Issuer and the <br />Trustee with the consent of the Company shall, without the consent of or notice to the Bondholders, <br />consent to any amendment, change or modification of the Loan Agreement as may be required (i) <br />by the provisions of the Loan Agreement and this Indenture, or (ii) for the purpose of curing any <br />ambiguity or formal defect or omission therein, or (iii) in connection with any other change therein <br />which, in the judgment of the Trustee (who may rely upon the advice and opinion of counsel), is <br />not to the prejudice of the Trustee, the Issuer or the holders of the Bonds. <br />Amendments etc., to Loan Agreement Requiring Consent of Bondholders. Except for the <br />amendments, changes or modifications as provided in Section 10.1 hereof, neither the Issuer nor <br />the Trustee shall consent to any other amendment, change or modification of the Loan Agreement <br />without the written approval or consent of the Requisite Bondholders given and procured as <br />provided in Section 9.2 hereof. <br />Opinion of Counsel. The Trustee shall receive prior to consenting to any <br />amendment to the Loan Agreement under this Article X, and shall be fully protected in relying <br />upon, the opinion of any counsel approved by it who may be counsel for the Issuer, as conclusive <br />evidence that any such consent complies with the provisions of this Indenture, and that it is proper <br />for the Trustee, under the provisions of this Article X, to consent to such amendment to the Loan <br />Agreement. <br />(End of Article X)
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