Common use of Amendments to Collateral Documents Clause in Contracts

Amendments to Collateral Documents. With the consent of the Holders of not less than a majority in principal amount of the Outstanding Securities, by Act of such Holders delivered to the Company and the Trustee, the Trustee may authorize one or more amendments or supplements to any Collateral Document (other than the Pledge Agreement), grant one or more consents or waivers thereunder, or execute one or more instructions or other documents pursuant thereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions thereof or of waiving or modifying in any manner the rights or obligations of the parties thereunder or taking any actions pursuant thereto; provided, however, that no such amendment, supplement, consent, waiver or instruction or other document shall, without the consent of the Holder of each Outstanding Security affected thereby: (a) modify any of the provisions of the Deed of Trust referred to in Section 9.09 thereof; or (b) except as permitted hereby and by the Deed of Trust, permit the creation of any Lien ranking prior to or on a parity with the Lien securing the Trust Bond or any guarantee thereof or terminate the Lien securing the Trust Bond or any guarantee thereof as to any part of the Deed of Trust Collateral.

Amendments to Collateral Documents. With the consent of the Holders of not less than a majority in principal amount of the Outstanding Securities, by Act of such Holders delivered to the Company and the Trustee, the Trustee may authorize one or more amendments or supplements to any Collateral Document (other than the Pledge Agreement), grant one or more consents or waivers thereunder, or execute one or more instructions or other documents pursuant thereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions thereof or of waiving or modifying in any manner the rights or obligations of the parties thereunder or taking any actions pursuant thereto; provided, however, that no such amendment, supplement, consent, waiver or instruction or other document shall, without the consent of the Holder of each Outstanding Security affected thereby: (a) modify any of the provisions of the Deed of Trust referred to in Section 9.09 thereof; or (b) modify any of the provisions of the Inter-Creditor Agreement (except as provided in Section 902(c) hereof); or (c) except as permitted hereby and by the Deed of Trust, permit the creation of any Lien ranking prior to or on a parity with the Lien securing the Trust Bond or any guarantee thereof or terminate the Lien securing the Trust Bond or any guarantee thereof as to any part of the Deed of Trust Collateral.

Amendments to Collateral Documents. With the consent of the Holders of not less than a majority in aggregate principal amount of the Outstanding Securities, by Act of such Holders delivered to the Company and the Trustee, the Trustee may authorize one or more amendments or supplements to any Collateral Document (other than the Pledge Agreement), grant one or more consents or waivers thereunder, or execute one or more instructions or other documents pursuant thereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions thereof or of waiving or modifying in any manner the rights or obligations of the parties thereunder or taking any actions pursuant thereto; provided, however, that no such amendment, supplement, consent, waiver or instruction or other document shall, without the consent of the Holder of each Outstanding Security affected thereby: (a) modify any of the provisions of the Deed of Trust referred to in Section 9.09 thereof; or (b) modify any of the provisions of the Inter-Creditor Agreement (except as provided in Section 902(c) hereof); or (c) except as permitted hereby and by the Deed of Trust, permit the creation of any Lien ranking prior to or on a parity with the Lien securing the Trust Bond or any guarantee thereof or terminate the Lien securing the Trust Bond or any guarantee thereof as to any part of the Deed of Trust Collateral.