Laserfiche WebLink
(a) to make such provisions for the purpose of curing any ambiguity or of <br />correcting, curing or supplementing any defective provision contained herein regard to questions <br />arising hereunder which the Authority may deem desirable or necessary and not inconsistent <br />herewith and which shall not adversely affect the interests of the Owners; <br />(b) to make any other change or addition hereto which shall not materially <br />adversely affect the interests of the Owners, or to surrender any right or power reserved herein to <br />or conferred herein on the Authority; or <br />(c) to provide for the issuance of any Additional Bonds and to provide the <br />terms of such Additional Bonds, subject to the conditions and upon compliance with the <br />procedure set forth in Article 4. <br />SECTION 9.02. Disqualified Bonds. Bonds owned or held by or for the account <br />of the Authority or the City shall not be deemed Outstanding for the purpose of any consent or <br />other action or any calculation of Outstanding Bonds provided in this article, and shall not be <br />entitled to consent to or take any other action provided in this article. <br />SECTION 9.03. Endorsement or Replacement of Bonds After Amendment. <br />After the effective date of any action taken as hereinabove provided, the Authority may <br />determine that the Bonds may bear a notation by endorsement in form approved by the Authority <br />as to such action, and in that case upon demand of the Owner of any Outstanding Bond and <br />presentation of his Bond for such purpose at the Corporate Trust Office of the Trustee a suitable <br />notation as to such action shall be made on such Bond. If the Authority shall so determine, new <br />Bonds so modified as, in the opinion of the Authority, shall be necessary to conform to such <br />action shall be prepared and executed, and in that case upon demand of the Owner of any <br />Outstanding Bond such new Bonds shall be exchanged at the Corporate Trust Office of the <br />Trustee without cost to each Owner for Bonds then Outstanding upon surrender of such <br />Outstanding Bonds. <br />SECTION 9.04. Amendment by Mutual Consent. The provisions of this article <br />shall not prevent any Owner from accepting any amendment as to the particular Bonds owned by <br />him, provided that due notation thereof is made on such Bonds. <br />ARTICLE X <br />EVENTS OF DEFAULT AND REMEDIES OF HOLDERS <br />SECTION 10.01. Events of Default and Acceleration of Maturities. If one or <br />more of the following events (herein called "Events of Default ") shall happen, that is to say: <br />(a) failure in the due and punctual payment of the interest on any Bond when <br />and as the same shall become due and payable; <br />(b) failure in the due and punctual payment of the principal of or redemption <br />premimn, if any, on any Bond when and as the same shall become due and payable, whether at <br />maturity as therein expressed or by proceedings for redemption; <br />55394.00011 \8754149.4 v 0 ^3 (310 5 <br />