Agenda - Council - 08/13/2013 - Laserfiche WebLink

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or rescission all an -cars of principal and interest (other than principal of or interest on the Bonds which became due and payable by declaration of acceleration), both, to the extent permitted by law, and all expenses of the Trustee in connection with such Event of Default will have been paid or provided for. In case of any such waiver or rescission, or in case any proceeding taken by the Trustee on account of any such Default has been discontinued or abandoned or determined adversely, then and in every such case, the Issuer, the Trustee, and the Registered Owners of the Bonds will be restored to their former positions and rights under the Indenture, respectively, but no such waiver or rescission will extend to any subsequent or other Default or impair any right consequent thereon. Supplemental Indentures The Issuer and the Trustee may enter into indentures supplemental to the Indenture without the consent of or notice to the Registered Owners of the Bonds for any one or more of the following purposes: (a) to cure any ambiguity or formal defect or omission in the Indenture; (b) to grant to or confer upon the Trustee for the benefit of the Registered Owners of the Bonds any additional rights, remedies, powers or authorities that may lawfully be granted to or conferred upon the Registered Owners of the Bonds or the Trustee to make any change which, in the opinion of the Trustee, is not to the material prejudice of the Registered Owners of the Bonds; (c) to subject to the Indenture additional revenues, properties or collateral; (d) to modify, amend, or supplement the Indenture or any indenture supplemental thereto in such manner as to permit the qualification thereof under the Trust Indenture Act of 1939, as amended, or any similar federal statute then in effect or to permit the qualification of the Bonds for sale under the securities laws of any of the states of the United States of America; (e) to evidence the appointment of a separate Trustee or a Co -Trustee or the succession of a new Trustee or paying agent under the Indenture; (f) to amend or modify any provisions of the Indenture so long as such amendment or modification does not materially adversely affect the interests of the registered owner of the Bonds; and (g) to provide for the issuance of Additional Bonds in accordance with the provisions of the Indenture. Exclusive of supplemental indentures for the purposes set forth in the previous paragraph, the consent of the Registered Owners of not less than 2/3 in aggregate principal amount of Outstanding Bonds is required to approve any supplemental indenture, except no supplemental indentures may permit without the consent of the Registered Owners of each Bond outstanding affected thereby (i) an extension of the maturity of the principal of, or the interest on, any Bond issued under the Indenture, (ii) a reduction in the principal amount of, or redemption premium on, any Bond or the rate of interest thereon, (iii) a privilege or priority of any Bond or Bonds over any other Bond or Bonds, (iv) a reduction in the aggregate principal amount of the Bonds required for consent to such supplemental indentures of any modification or waiver of the provisions of the Loan Agreement, (v) the creation of any lien ranking prior to or on a parity with the lien of the Indenture, or any part thereof, or (vi) the deprivation of the Registered Owner of any Outstanding Bond of the lien of the Indenture. No supplemental indenture will become effective unless and until the Company has consented to the execution and delivery thereof. E-S