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Agenda - Economic Development Authority - 05/24/2005
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Agenda - Economic Development Authority - 05/24/2005
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4/14/2025 1:32:42 PM
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5/20/2005 11:16:45 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
05/24/2005
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124 <br /> <br />ARTICLE XI <br /> <br />SUPPLEMENTAL INDENTURES <br /> <br /> Section 11.01 Purposes for Wh/ch Supplemental Indentures May be Executed. The <br />Issuer, upon resolution, and the Trustee from time to time and at any time, subject to the <br />conditions and restrictions in this Indenture contained, may enter into such indentures <br />supplemental hereto as may or shall by them be deemed necessary or desirable without notice to <br />or the consent of any Bondholder for any one or more of the following purposes: <br /> <br /> (a) To correct or amplify the description of the Trust Estate, or to assign, convey~ <br />pledge or transfer and set over unto the Trustee, subject to such liens or other encumbrances as <br />shall be therein speci~cally described, additional property or properties for. .the equal and <br />proportional benefit and security of the Holders and owners of all Bonds at any time issued and <br />Outstanding under this Indenture; <br /> <br /> Co) To add to the covenants and agreements of the Issuer in tiffs Indenture contained <br />other covenants and agreements thereafter to be observed, or to surrender any fight or power <br />reserved to or conferred upon the Issuer or to or upon any successor; <br /> <br /> (c) To evidence the succession or successive successions of any other department, <br />agency, body or corporation to the Issuer and the assumption by such successor of the covenants, <br />agreements and obligations of the Issuer in the Bonds hereby secured and in this Indenture and in <br />any and every supplemental indenture contained or the succession, removal or appointment of <br />any trustee or paying agent hereunder; <br /> <br /> (d) To cure any ambiguity or to correct or supplement any provision contained herein <br />or in any supplemental indentures which may be defective or inconsistent with any other <br />provision contained herein or in any supple, mental indenture, or to make such other provisions in <br />regard to matters or questions arising under this Indenture or any supplemental indenture as the <br />Issuer may deem necessary ordesirable and'which shall not be inconsistent with the.provisions <br />of this Indenture or any supplemental indenture and which shall not impair the security of the <br />same; ,. <br /> : <br /> (e) To modify, eliminate and/or add to the provisions of this [ndenmre to stlch extent <br />as shall be necessary to effect the qualification of this Indenture under the Trust Indenture Act of <br />1939, as then amended, or under any similar Federal statute hereafter enacted, and to add to th_is <br />Indenture such other provisions as may be expressly permitted by said Trust l. ndenmre Act of <br />1939, excluding, however, the provisions referred to in Section 316(a)(2) of said Trust Indenture <br />Act of 1939; <br /> <br /> (f) To make any other change which !n the good fa/th judgment of the Trustee is not <br />materially prejudicial to the Holders of any Bonds affected thereby. <br /> <br /> Section l i .02 Execution of Supplemental Indenture. The Trustee is authorized to join <br />with the Issuer in the execution of any such supplemental indenture, to make the further <br />agreements and stipulations which may be therein contained, and accept the conveyance;, transfer <br /> <br />176.] 90.]v [ 54 <br /> <br /> <br />
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