Common use of Modification of Indenture Clause in Contracts

Modification of Indenture. with consent of holders of Debt Securities. With the consent (evidenced as provided in Section 8.1) of the holders of more than 50% in aggregate principal amount of the Debt Securities at the time Outstanding of each series affected by such supplement, the Company and the Guarantors, when authorized by a resolution of each of their respective Board of Directors, and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto for the purpose of adding any provision to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the holders of such series of the Debt Securities; provided, however, that no such supplemental indenture shall (i) extend the time or times of payment of the principal of, premium, if any, or the interest on, any series of Debt Securities, or reduce the principal amount of, premium, if any, or the rate of interest on, any series of Debt Securities (and/or such other amount or amounts as any Debt Securities or supplemental indentures with respect thereto may provide to be due and payable upon declaration of acceleration of the maturity thereof pursuant to Section 7.1) or change the currency of payment of principal of, premium, if any, or interest on, any series of Debt Securities or reduce any amount payable on redemption thereof or alter or impair the right to convert the same at the rate and upon the terms provided in the Indenture or alter or impair the right to require redemption at the option of the holder, without the consent of the holder of each Debt Security so affected, or (ii) reduce the percentage of Debt Securities of any series, the vote or consent of the holders of which is required for such modifications and alterations, without the consent of the holders of all Debt Securities then Outstanding of such series under the Indenture. Notwithstanding the foregoing, no consent of the holders of Debt Securities shall be necessary to permit the execution of supplemental indentures pursuant to Section 13.7. Upon the request of the Company, accompanied by a copy of a resolution of its Board of Directors certified by the Secretary or an Assistant Secretary of the Company authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of holders of Debt Securities as aforesaid, the Trustee shall join with the Company and the Guarantors, as the case may be, in the execution of such supplemental indenture unless such supplemental indenture affects the Trustee's own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may, in its discretion, but shall not be obligated, to enter into such supplemental indenture. It shall not be necessary for the consent of the holders of Debt Securities under this Section 12.2 to approve the particular form of any proposed supplemental indenture, but is shall be sufficient if such consent shall approve the substance thereof. A supplemental indenture which changes or eliminates any provision of this Indenture which has expressly been included solely for the benefit of one or more particular series of Debt Securities, or which modifies the rights of the holders of Debt Securities of such series with respect to such provision, shall be deemed not to affect the rights under this Indenture of the holders of Debt Securities of any other series.

Appears in 2 contracts

Samples: Constellation Australia Pty LTD, Constellation International Holdings LTD

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Modification of Indenture. with With the prior written consent of all of the holders of Debt Securities. With the consent (Bonds at the time Outstanding, evidenced as provided in Section 8.1) of the holders of more than 50% in aggregate principal amount of the Debt Securities at the time Outstanding of each series affected by such supplement11.08, the Company Issuer and the Guarantors, when authorized by a resolution of each of their respective Board of Directors, and the Trustee Bondowner Representative may from time to time and at any time enter into an indenture or indentures supplemental hereto for the purpose of adding any provision provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the holders of such series of the Debt SecuritiesSupplemental Indenture; provided, however, that that, no such supplemental indenture Supplemental Indenture shall (i) extend the time or times of payment of the principal of, premium, if any, or the interest on, any series of Debt Securities, or reduce the principal amount of, premium, if any, or the rate of interest on, any series of Debt Securities (and/or such other amount or amounts as any Debt Securities or supplemental indentures with respect thereto may provide to be due and payable upon declaration of acceleration of the maturity thereof pursuant to Section 7.1) or change the currency of payment of principal of, premium, if any, or interest on, any series of Debt Securities or reduce any amount payable on redemption thereof or alter or impair the right to convert the same at the rate and upon the terms provided in the Indenture or alter or impair the right to require redemption at the option of the holder, without the consent of the holder of each Debt Security so affected, or (ii) reduce the aforesaid percentage of Debt Securities of any series, the vote or consent of the holders of which Bonds whose consent is required for such modifications and alterations, without the consent of the holders of all Debt Securities then Outstanding of such series under the Indenture. Notwithstanding the foregoing, no consent of the holders of Debt Securities shall be necessary to permit the execution of supplemental indentures pursuant to Section 13.7such Supplemental Indentures. Upon receipt by the request of the Company, accompanied by a copy Bondowner Representative of a resolution of its Board of Directors certified by the Secretary or an Assistant Secretary of the Company Certified Resolution authorizing the execution of any such supplemental indentureSupplemental Indenture, and upon the filing with the Trustee Bondowner Representative of evidence of the consent of holders of Debt Securities Bondholders, as aforesaid, the Trustee Bondowner Representative shall join with the Company and the Guarantors, as the case may be, Issuer in the execution of such supplemental indenture Supplemental Indenture, unless (i) such supplemental indenture Supplemental Indenture affects the Trustee's Bondowner Representative’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may, Bondowner Representative may in its discretion, but shall not be obligatedobligated to, to enter into such supplemental indentureSupplemental Indenture; or (ii) such Supplemental Indenture affects the rights or obligations of the Borrower hereunder or under the Loan Agreement, in which case the Bondowner Representative shall enter into such Supplemental Indenture only if the Bondowner Representative has received the Borrower’s written consent thereto. It shall not be necessary for the consent of the holders of Debt Securities Bondholders under this Section 12.2 to approve the particular form of any proposed supplemental indentureSupplemental Indenture, but is it shall be sufficient if such consent shall approve the substance thereof. A supplemental indenture which changes or eliminates Promptly after the execution by the Issuer and the Bondowner Representative of any provision Supplemental Indenture pursuant to the provisions of this Indenture which has expressly been included solely for Section, the benefit of Bondowner Representative (unless at the time the Bondowner Representative and/or one or more particular series of Debt Securitiesits affiliates are the owners of all of the Bonds then Outstanding) shall give Bondholders and the Borrower, by first class mail, a notice setting forth in general terms the substance of such Supplemental Indenture. Any failure of the Bondowner Representative to give such notice, or which modifies the rights of the holders of Debt Securities of such series with respect to such provisionany defect therein, shall be deemed not to not, however, in any way impair or affect the rights under this Indenture of the holders of Debt Securities validity of any other seriessuch Supplemental Indenture.

Appears in 2 contracts

Samples: Construction and Convertible Term Loan Agreement, 64.166.146.245

Modification of Indenture. with With the prior written consent of holders of Debt Securities. With the consent (Majority Owner, evidenced as provided in Section 8.1) of the holders of more than 50% in aggregate principal amount of the Debt Securities at the time Outstanding of each series affected by such supplement11.07, the Company and the Guarantors, when authorized by a resolution of each of their respective Board of Directors, Issuer and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto for the purpose of adding any provision to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the holders of such series of the Debt Securitiesindenture; provided, however, that that, without the consent of all of the Holders of the Outstanding Notes, no such supplemental indenture shall (ia) extend the fixed maturity of any Note or reduce the rate of interest thereon or extend the time or times of payment of the principal of, premium, if any, or the interest on, any series of Debt Securitiesinterest, or reduce the principal amount of, premium, if any, or the rate of interest on, any series of Debt Securities (and/or such other amount or amounts as any Debt Securities or supplemental indentures with respect thereto may provide to be due and payable upon declaration of acceleration of the maturity thereof pursuant to Section 7.1) or change the currency of payment of principal ofthereof, premium, if any, or interest on, any series of Debt Securities or reduce any amount payable on redemption thereof or alter or impair the right to convert the same at the rate and upon the terms provided in the Indenture or alter or impair the right to require redemption at the option of the holder, without the consent of the holder of each Debt Security so affected, or (iib) reduce the aforesaid percentage of Debt Securities of any series, the vote or consent of the holders of which Notes whose consent is required for such modifications and alterations, without the consent of the holders of all Debt Securities then Outstanding of such series under the Indenture. Notwithstanding the foregoing, no consent of the holders of Debt Securities shall be necessary to permit the execution of supplemental indentures pursuant to Section 13.7. Upon the request of the Company, accompanied by a copy of a resolution of its Board of Directors certified by the Secretary or an Assistant Secretary of the Company authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of holders of Debt Securities as aforesaid, the Trustee shall join with the Company and the Guarantors, as the case may be, in the execution of such supplemental indenture unless such supplemental indenture affects indentures, (c) permit the Trustee's own rightscreation of any lien on the Revenues prior to or on a parity with the lien of this Indenture, duties or immunities under deprive the holders of the Notes of the lien created by this Indenture Indenture, except as permitted herein or otherwisein the Supplemental Agreement, in which case (d) permit the Trustee may, in its discretion, but shall not be obligated, to enter into such supplemental indenturecreation of any preference of any Noteholder over any other Noteholder. It shall not be necessary for the consent of the holders of Debt Securities Noteholders under this Section 12.2 9.02 to approve the particular form of any proposed supplemental indenture, but is it shall be sufficient if such consent shall approve the substance thereof. A Promptly after the execution by the Issuer and the Trustee of any supplemental indenture which changes or eliminates any provision pursuant to the provisions of this Indenture which has expressly been included solely for Section 9.02, the benefit Trustee shall deliver to Noteholders a notice setting forth in general terms the substance of one or more particular series such supplemental indenture. Any failure of Debt Securitiesthe Trustee to give such notice, or which modifies the rights of the holders of Debt Securities of such series with respect to such provisionany defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. Effect of Supplemental Indenture . Upon the execution of any supplemental indenture pursuant to the provisions of this Article IX, this Indenture shall be and be deemed not to affect be modified and amended in accordance therewith, and the rights respective rights, duties and obligations under this Indenture of the Issuer, the Trustee and all holders of Debt Securities Outstanding Notes shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any other series.such supplemental indenture shall be part of the terms and conditions of this Indenture for any and all purposes. Opinion of Counsel as to Supplemental Indenture . Subject to the provisions of Section 8.01, the Trustee shall be entitled to receive, and shall be fully protected in relying upon, an Opinion of Counsel for the Issuer to the effect that any supplemental indenture executed pursuant to the provisions of this Article IX is authorized and permitted by this Indenture and that all conditions precedent to the execution of the Supplemental Indenture have been complied with. Notation of Modification on Notes; Preparation of New Notes . Notes authenticated and delivered after the execution of any supplemental indenture pursuant to the provisions of this Article IX may bear a notation, in form approved by the Issuer as to any matter provided for in such supplemental indenture, and if such supplemental indenture shall so provide, new Notes, so modified as to conform, in the opinion of the Issuer, to any modification of this Indenture contained in any such supplemental indenture, may be prepared by the Issuer, authenticated by the Trustee and delivered without cost to the holders of the Notes then Outstanding, upon surrender for cancellation of such Notes in equal aggregate principal amounts. Alternative Rat

Appears in 1 contract

Samples: Indenture of Trust (America First Multifamily Investors, L.P.)

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Modification of Indenture. with With the prior written consent of all of the holders of Debt Securities. With the consent (Bonds at the time Outstanding, evidenced as provided in Section 8.1) of the holders of more than 50% in aggregate principal amount of the Debt Securities at the time Outstanding of each series affected by such supplement11.08, the Company Issuer and the Guarantors, when authorized by a resolution of each of their respective Board of Directors, and the Trustee Bondowner Representative may from time to time and at any time enter into an indenture or indentures supplemental hereto for the purpose of adding any provision provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the holders of such series of the Debt SecuritiesSupplemental Indenture; provided, however, that that, no such supplemental indenture Supplemental Indenture shall (i) extend the time or times of payment of the principal of, premium, if any, or the interest on, any series of Debt Securities, or reduce the principal amount of, premium, if any, or the rate of interest on, any series of Debt Securities (and/or such other amount or amounts as any Debt Securities or supplemental indentures with respect thereto may provide to be due and payable upon declaration of acceleration of the maturity thereof pursuant to Section 7.1) or change the currency of payment of principal of, premium, if any, or interest on, any series of Debt Securities or reduce any amount payable on redemption thereof or alter or impair the right to convert the same at the rate and upon the terms provided in the Indenture or alter or impair the right to require redemption at the option of the holder, without the consent of the holder of each Debt Security so affected, or (ii) reduce the aforesaid percentage of Debt Securities of any series, the vote or consent of the holders of which Bonds whose consent is required for such modifications and alterations, without the consent of the holders of all Debt Securities then Outstanding of such series under the Indenture. Notwithstanding the foregoing, no consent of the holders of Debt Securities shall be necessary to permit the execution of supplemental indentures pursuant to Section 13.7such Supplemental Indentures. Upon receipt by the request of the Company, accompanied by a copy Bondowner Representative of a resolution of its Board of Directors certified by the Secretary or an Assistant Secretary of the Company Certified Resolution authorizing the execution of any such supplemental indentureSupplemental Indenture, and upon the filing with the Trustee Bondowner Representative of evidence of the consent of holders of Debt Securities Bondholders, as aforesaid, the Trustee Bondowner Representative shall join with the Company and the Guarantors, as the case may be, Issuer in the execution of such supplemental indenture Supplemental Indenture, unless (a) such supplemental indenture Supplemental Indenture affects the Trustee's Bondowner Representative’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may, Bondowner Representative may in its discretion, but shall not be obligatedobligated to, to enter into such supplemental indentureSupplemental Indenture; or (b) such Supplemental Indenture affects the rights or obligations of the Borrower hereunder or under the Loan Agreement, in which case the Bondowner Representative shall enter into such Supplemental Indenture only if the Bondowner Representative has received the Borrower’s written consent thereto. It shall not be necessary for the consent of the holders of Debt Securities Bondholders under this Section 12.2 to approve the particular form of any proposed supplemental indentureSupplemental Indenture, but is it shall be sufficient if such consent shall approve the substance thereof. A supplemental indenture which changes or eliminates Promptly after the execution by the Issuer and the Bondowner Representative of any provision Supplemental Indenture pursuant to the provisions of this Indenture which has expressly been included solely for Section, the benefit of Bondowner Representative (unless at the time the Bondowner Representative and/or one or more particular series of Debt Securitiesits affiliates are the owners of all of the Bonds then Outstanding) shall give Bondholders and the Borrower, by first class mail, a notice setting forth in general terms the substance of such Supplemental Indenture. Any failure of the Bondowner Representative to give such notice, or which modifies the rights of the holders of Debt Securities of such series with respect to such provisionany defect therein, shall be deemed not to not, however, in any way impair or affect the rights under this Indenture of the holders of Debt Securities validity of any other seriessuch Supplemental Indenture.

Appears in 1 contract

Samples: Loan Agreement

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