Amendment of Letter of Credit. The Trustee shall not consent to any amendment or modification of any provision of the Letter of Credit which would reduce the amount of any payment required to be made thereunder to the Trustee, or would postpone the time of any such payment, or would alter the conditions under which any such payment is made, or any other amendment. or modification which would adversely affect the security of the Holders of the Bonds, without the written consent of each Bondholder affected. ---In the event of a default by the Letter of Credit Issuer under its Letter of Credit, the Trustee is hereby authorized and required to enforce all of its rights in and under such Letter of Credit, by such actions, at law or in equity, as it deems necessary in order to protect the interest of the Holders of the Bonds. No default by the Letter of Credit Issuer under the terms of its Letter of Credit shall relieve or reduce any obligations of the Borrower under this Agreement.
Amendment of Letter of Credit. (a) The Trustee may, without the consent of or notice to the Holders of the Bonds, consent to any amendment, modification or other change of the Letter of Credit for the purpose of curing any ambiguity or formal defect or omission or obtaining a rating on the Bonds from any Rating Agency, provided that (i) such change does not adversely affect the interests of the Holders of the Bonds and (ii) the Trustee and the Issuer shall receive an Opinion of Bond Counsel to the effect that such change is permitted by applicable law and will not cause interest on the Bonds referenced in said Opinion to become Taxable.
Amendment of Letter of Credit. Provided that: (a) Tenant is not in material default under the terms of the Lease, as amended by this Amendment (collectively, the "Amended Lease"); (b) Tenant has delivered Tenant's Payment to Landlord in accordance with Section 3 above and (c) as of the end of business on March 30, 2003, Tenant has not filed (nor has any creditor of Tenant (other than Landlord or any affiliate of Landlord) filed on behalf of Tenant) a petition for bankruptcy under Title 11 of the United States Code and has not made an assignment for the benefit of creditors, then, on or after March 31, 2003, Tenant shall have the right to amend the Letter of Credit to reduce the stated amount to Seven Hundred Fifty Thousand and No/100 Dollars ($750,000.00) ("Amended L/C").
Amendment of Letter of Credit. Section 20.26 of the Lease is hereby amended to add the following as subsection (d):
Amendment of Letter of Credit. The Letter of Credit may be amended, modified or revoked only upon the receipt by the Bank from the Borrower and the Trustee or other beneficiary of the Letter of Credit (including any transferee(s) of the original beneficiary of the Letter of Credit) of a written consent and request therefor, and then only upon such terms and conditions as the Bank may prescribe. In the event of (a) the extension of the Expiration Date of the Letter of Credit, (b) the extension of the time for the drawing, negotiation, presentation or of the maturity of any drafts or other documents under or purported to be under the Letter of Credit, (c) an increase in the amount of the Letter of Credit, or (d) any other modification of the terms of the Letter of Credit of any nature whatsoever, this Letter of Credit Agreement shall be binding upon the Borrower with regard to the Letter of Credit so extended, increased or otherwise modified and without regard to any and all actions, inaction and omissions of the Bank, its branches, affiliates and correspondents in connection therewith. The Stated Amount may be reduced, reinstated or increased from time to time, all as provided in this Letter of Credit Agreement or the Letter of Credit and subject to Section 4.1(c) hereof.
Amendment of Letter of Credit. The Letter of Credit may be ----------------------------- amended, modified or terminated only upon the receipt by the Lender from the Company and the Beneficiary (including any transferee(s) of the original Beneficiary), of a written consent and request therefor, and then only upon such terms and conditions as the Lender and Bank may reasonably prescribe, except that no consent from the Company or the Beneficiary is required where the Letter of Credit are extended by amendment in accordance with the provisions of this Agreement. In the event of (a) the extension of the expiration date of the Letter of Credit, (b) the extension of the time for the drawing, negotiation, acceptance, presentation of or the maturity of any drafts, acceptances or other documents under or purported to be under the Letter of Credit, (c) an increase in the amount of the Letter of Credit, (d) any extension of the Letter of Credit in accordance with the provisions hereof, and/or (e) any other modification of the terms of the Letter of Credit of any nature whatsoever, this Reimbursement Agreement shall be binding upon the Company with regard to the Letter of Credit so extended, increased or otherwise modified.
Amendment of Letter of Credit. (a) The Trustee may, without the consent of or notice to the Holders of the Bonds, consent to any amendment of the Letter of Credit
Amendment of Letter of Credit. If the Bank proposes to amend the Letter of Credit, the Tender Agent may consent thereto, provided that (i) if such proposal would amend the Letter of Credit in such a way as would materially adversely affect the interests of the Bondholders, the Tender Agent shall notify the Bondholders of the proposed amendment and may consent thereto only with the prior written consent of Owners of a majority in aggregate principal amount of the Bonds then Outstanding; and (ii) that the Tender Agent shall not, without the unanimous consent of all Bondholders, consent to any amendment which would decrease the amounts payable under the Letter of Credit in respect of Outstanding Bonds on any Interest Payment Date or on the date of redemption, acceleration, payment at maturity or purchase of the Bonds, or advance the stated expiration date of the Letter of Credit to an earlier date; no consent of the Bondholders shall be required for amendments to the Letter of Credit which are provided for and contemplated by this Indenture,
Amendment of Letter of Credit. (a) The Trustee may, without the consent of or notice to the Holders of the Notes, consent to any amendment, modification or other change of the Letter of Credit for the purpose of curing any ambiguity or formal defect or omission or obtaining a rating on the Notes from any Rating Agency, provided that the Trustee shall receive an Opinion of Note Counsel with respect to the Notes, to the effect that such change is permitted by applicable law.
Amendment of Letter of Credit. If the Bank proposes to ----------------------------- amend the Letter of Credit, the Trustee may consent thereto, provided that (a) if such proposal would amend the Letter of Credit in such a way as would materially adversely affect the interests of the Holders, the Trustee shall notify the Holders and the Rating Service (if the Bonds are then rated by a Rating Service) of the proposed amendment and may consent thereto only with (i) the prior written consent of Holders of a majority in aggregate principal amount of the Bonds then outstanding and (ii) the confirmation by such Rating Service that such amendment will not result in a withdrawal or reduction of its rating of the Bonds, and (b) the Trustee shall not, without the unanimous consent of all Holders, consent to any amendment materially adversely affecting the interests of the Holders which would decrease or delay the amounts payable under the Letter of Credit in respect of outstanding Bonds on any Interest Payment Date or on any date of redemption, acceleration, payment at maturity or purchase of the Bonds, or advance the Expiration Date of the Letter of Credit to an earlier date. No consent of the Holders shall be required for amendments to the Letter of Credit which are provided for or contemplated by this Indenture.
