1981-040 CRA - Laserfiche WebLink

Home Browse Search

ARTICLE XI AMENDMENTS OF RESOLUTION 1101. Powers .of Amendment. Any modification .or amendment of this Resolution and of the rights and .obligati.ons of the Agency and .of the Holders of the Bonds and coupons thereunder in any particular, may be made by a Supplemental Resolution, with the written consent given as hereinafter pr.ovided in Section 1102, .of the Holders of at least two-thirds in principal amount of the Bonds Outstanding at the time such consent is given. No such m.odification .or amendmentshal-l permit a change in the terms of redemption or maturity of the principal of any Outstanding B.ond or of any installment of interest there.on or a reduction in the principal amount or the Redemption Price thereof or in the rate of interest thereon without the consent of the Holder of such Bond, or shall reduce the percentages or otherwise affect the classes of B.onds the consent of the H.olders of which is required to effect any such modification or amendment. 1102. Consent of Bondholders. The Agency may at any time adopt a Supplemental Resolution making a modification or amendment permitted by the provisions of Section 1101 t.o take effect when and as provided in this Section. A copy of such Supplemental Resolution (or brief summary thereof or reference thereto in form appr.oved by the Trustee) together with a request to B.ondh.olders for their consent thereto in form satisfactory to the Trustee, shall be mailed by the Agency to Bondholders and shall be published at least .once a week for tw.o (2) successive weeks (but failure to mail such copy and request shall not affect the validity .of the Supplemental Resolution when consented to as in this Section provided). Such Supplemental Resoluti.on shall n.ot be effective unless and until (i) there shall have been filed with the Trustee (a) the written consent of H.olders of the percentages .of Outstanding B.onds specified in Section 1101 and (b) a Counsel's Opini.on stating that such Supplemental Resolution has been duly and lawfully adopted and filed by the Agency in accordance with the provisions .of this Resoluti.on, is auth.orized or permitted by this Resolution, and is valid and binding up.on the Agency and enforceable in accordance with its terms, and (ii) a notice shall have been published as hereinafter in this Section 1102 provided. Each such consent shall be effective only if accompanied by pro.of of the holding, at the time of such consent, of the Bonds with respect to which such consent is given, which proof shall be such as is permitted by Section 1301. A certificate or certificates by the Trustee filed with the Trustee that it has examined such proof and that such proof is sufficient in accordance with Section 1301 shall be conclusive that the consents have been given by the Holders of the Bonds described in such certificate or certificates of the Trustee. Any such consent shall be binding upon the Holder of the Bonds giving such consent and, anything in Section 1301 to the contrary notwithstanding, upon any subsequent Holder of such Bonds and of any Bonds issued in exchange therefor (whether or not such subsequent Holder there.of has notice thereof), unless such consent is revoked in writing by the Holder of such Bonds giving such consent or a subsequent Holder thereof by filing with the Trustee pri.or to the time when the written statement of the Trustee hereinafter in this Section 1102 provided 53 . . . . .