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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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propriety of the execution thereof, or to enjoin or restrain the Trustee or the Issuer from <br />executing the same or from taking any action pursuant to the provisions thereof: <br /> <br /> Section 11'.05 .S.upplemental Indentures to be Part of Indenture. Any supplemental <br />indenture executed in accordance with any of the provisions of this Article shall thereafter form a <br />part of this Indenture; and all the terms and conditions contained in any such supplementat <br />indenture as to any provisiofis author/zed to be contained therein shall be and be deemed to be <br />part of the terms and conditions of this Indenture for any and all purposes, and the respective <br />rights, duties and obligations under this Indenture of the Issuer, the Trustee and ali Holders of <br />Bonds then Outstanding shall thereafter be determined, exercised and enforced hereunder, <br />subject in all respects to such modifications and amendments. If deemed necessary or desirable. <br />by the Trustee, reference to any such supplemental indenture or any of such terms or conditions <br />thereof may be set forth in reasonable and customary manner in the text of the Bonds or in a <br />legend stamped on the Bonds. __ <br /> <br /> Section I 1.06 P,.i~hts of City Unaffected. Anything herein to the contrary <br />notwithstanding, a supplemental indenture under this Article XI which adversely affects the <br />rights of the.City under the Lease, so long as the Lease is in effect, shall not become effective <br />unless and until the City consents to the execution and delivery of such'supplemental indentur4. <br />The Trustee shall cause notice of the proposed execution and delivery of any such supplemental <br />indenture to the execution and delivery of which the City has not already consented, together <br />with k copy of the proposed supplemental indenture, to be mailed to the City at Ieast thirty (30) <br />days pr/or to the proposed date of execution and delivery of any such supplemental indbnture. <br /> <br /> Section 11.07 Rights of Issuer. The Issuer has no duty or obligation to consent to any <br />supplemental indenture or other instrument amending the terms hereof and may, at the expense <br />of the City, request and receive an opinion of such counsel as the Issuer may select in connect/on <br />with any matter relating to a proposed amendment to this Indenture. <br /> <br /> Section 11.08 Insurer's Consent. Any ~nendments which require bondhoIder consent <br />shall also require the Insurer's consent. The Insurer must receive advance written notice {:,f ali <br />amendments'which require consent. All notices shall be sent to the Insurer. <br /> <br />126 <br /> <br />1763903¥1 <br /> <br /> <br />
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