Modifications and amendments to the Fiscal Agency Agreement or the Notes. (including the Guarantee relating thereto) requiring consent of Holders may be made, and future compliance therewith or past defaults by the Issuer or the Guarantor may be waived, with the consent of the Issuer, the Guarantor and the Holders of more than 50% in aggregate principal amount of the Notes at the time outstanding by written consent, or of such lesser percentage as may act at a meeting of Holders held in accordance with the provisions of the Fiscal Agency Agreement; provided that no such modification, amendment or waiver of the Fiscal Agency Agreement or any Note may, without the consent of each Holder affected thereby, (i) change the stated maturity of the principal of, premium, if any, or interest on any such Note; (ii) reduce the principal of, premium, if any, or interest on any such Note; (iii) change in any manner adverse to the interests of the Holders the terms and provisions of the Guarantee in respect of the due and punctual payment of the principal of, premium, if any, and interest on the Notes; (iv) change the currency of payment of the principal of, premium, if any, or interest on any such Note; or (v) reduce the above-stated percentage of aggregate principal amount of Notes outstanding or reduce the quorum requirements or the percentage of votes required for the taking of any action. Any modifications, amendments or waivers consented to or approved at a meeting will be conclusive and binding on all Holders of Notes whether or not they have given such consent or were present at such meeting, and on all future Holders of Notes whether or not notation of such modifications, amendments or waivers is made upon the Notes. Any instrument given by or on behalf of any Holder of a Note in connection with any consent to any such modification, amendment or waiver will be irrevocable once given and will be conclusive and binding on all subsequent Holders of such Note.
