1981-139 CRA - Laserfiche WebLink

Home Browse Search

. . . . . . ARTICLE VI AMENDMENT OF RESOLUTION Section 6.01. Amendments Permitted. This Resolution and the rights and obligations of the Agency and of the Holder of the N.ote may be modified or amended at any time by a Supplemental Resolution adopted by the Agency and approved in writing by the Holder of the Note. Section 6.02. Effect.of Supplemental Resolution. From and after the time any Supplemental Resolution becomes effective pursuant to this Article VI, this Resolution shall be deemed to be modified and amended in accordance therewith, and the respective rights, duties and obligations under this Res.olution of the Agency and the Holders of the Note shall thereafter be determined, exercised and enforced hereunder subject in all respects to such IJ1C)difications and amendments, and all the terms and conditions of any such supplemental Resolution shall be deemed to be part of the terms and conditions of this Resoluti.on for any and all purp.oses. Section 6.03. Endorsement or Replacement of N.ote After Amendments. The Noteholder may determine that the Note after the effective date of any action taken as provided in this Article VI requires a notati.on, by endorsement or otherwise, to reflect such action. In that case, upon demand of the Holder .of the Note and presentati.on of the Note for that purpose at the office of the the Agency, a suitable n.otation shall be made on such N.ote by the Agency. -The Noteholder may determine that a new Note, so modified as in the opinion of the N.oteholder is necessary to conform t.o such action, shall be prepared, executed and delivered. In that case, upon demand of the Holder of the Note, such new Note shall be exchanged at the office of the Agency, without cost t.o any Noteholder, for the Note then outstanding, upon surrender of such Note. 13