1981-138 CRA - Laserfiche WebLink

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0' . \ . . . . . . ARTICLE VI AMENDMENT OF RESOLUTION Section 6.01. Amendments Permitted. This Resolution and the rights and obligatlons of the Agency and of the Holder of the Note 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 Resolutl()n becomes effective pursuant to this Article VI, this Resolution shall be deemed to be m.odified and amended in acc.ordance therewith, and the respective rights, duties and obligations under this Reso luti on of the Agency and the Ho lders of the Note shall thereafter be determi ned, exerc i sed and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such Supplemental Resoluti.on shall be deemed to be part of the terms and conditions of this Resolution for any and all purposes. Section 6.03. Endorsement or Replacement of N.ote After Amendments. The Noteholder may determine that the N.ote after the effective date of any action taken as provided in this Article VI requires a notation, by endorsement or otherwise, t.o reflect such action. In "that case, upon demand of the Holder .of the Note and presentation of the Note for that purpose at the office of the the Agency, a suitable notation shall be made on such Note by the Agency. The Noteh.older may determine that a new Note, so modified as in the opinion of the Noteholder is necessary to conform to such action, shall be prepared, executed and de 1 ivered. In that case, upon demand of the Holder of the Note, such new Note sha 11 be exchanged at the offi ce of the Agency, without cost to any Noteholder, for the Note then outstanding, upon surrender of such Note. 13