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Recording Requested by Stewart Title-Lease Agreement- City of Buena Park
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Recording Requested by Stewart Title-Lease Agreement- City of Buena Park
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(v) The City shall obtain the prior written consent of the Municipal Bond Insurer <br /> of such release and notice of such consent shall be given by the City to any rating agency <br /> then rating the Bonds. <br /> (c) Generally. The Authority and the City may at any time amend or modify any of the <br /> provisions of this Lease Agreement,but only (a) with the prior written consents of the Owners <br /> of a majority in aggregate principal amount of the Outstanding Bonds, or (b) without the <br /> consent of any of the Bond Owners,but only if such amendment or modification is for any one <br /> or more of the following purposes: <br /> (i) to add to the covenants and agreements of the City contained in this Lease <br /> Agreement, other covenants and agreements thereafter to be observed, or to limit or <br /> surrender any rights or power herein reserved to or conferred upon the City; <br /> (ii)to make such provisions for the purpose of curing any ambiguity,or of curing, <br /> correcting or supplementing any defective provision contained herein, or in any other <br /> respect whatsoever as the Authority and the City may deem necessary or desirable, <br /> provided that, in the opinion of Bond Counsel, such modifications or amendments will <br /> not materially adversely affect the interests of the Owners of the Bonds;or <br /> (iii) to amend any provision thereof relating to the Tax Code, to any extent <br /> whatsoever but only if and to the extent such amendment will not adversely affect the <br /> exclusion from gross income of interest on the Bonds under the Code, in the opinion of <br /> Bond Counsel. <br /> Written notice of any such amendment or modification shall be given by the City to <br /> Moody's and S&P at least thirty (30) days prior to the effective date of such amendment or <br /> modification. <br /> _20_ <br />
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