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EDC Packet 2.6.25
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EDC Packet 2.6.25
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Dept of Community Investment
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<br />38 <br />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)
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