Common use of Supplemental Indentures Requiring Owner Consent Clause in Contracts

Supplemental Indentures Requiring Owner Consent. (a) Except for any Supplemental Indenture entered into pursuant to Section 12.01 hereof, subject to the terms and provisions contained in this Section 12.02 and not otherwise, the Owners of not less than 60% in aggregate principal amount of the Bonds then Outstanding shall have the right from time to time to consent to and approve the execution and delivery by the Issuer and the Trustee of any Supplemental Indenture deemed necessary or desirable by the Issuer for the purposes of modifying, altering, amending, supplementing or rescinding, in any particular, any of the terms or provisions contained in this Indenture; provided however, that, unless approved in writing by the Owners of all the Bonds then affected thereby, nothing herein contained shall permit, or be construed as permitting, (i) a change in the times, amounts or currency of payment of the principal of, or premium if any, or interest on, any Outstanding Bond, a change in the terms of the purchase thereof by the Trustee, or a reduction in the principal amount or redemption price of any Outstanding Bond or the rate of interest thereon, or (ii) the creation of a claim or lien upon, or a pledge of, the Revenues ranking prior to or on a parity with the claim, lien or pledge created by this Indenture (except as referred to in Section 10.04 hereof), or (iii) a reduction in the aggregate principal amount of Bonds the consent of the Owners of which is required for any such Supplemental Indenture or which is required, under Section 12.06 hereof, for any modification, alteration, amendment or supplement to the Agreement.

Supplemental Indentures Requiring Owner Consent. (a) Except for any Supplemental Indenture entered into pursuant to Section 12.01 11.01 hereof, subject to the terms and provisions contained in this Section 12.02 11.02 and not otherwise, and subject to the Subordination Agreement, the Owners of not less than 60% a majority in aggregate principal amount of the Bonds then Outstanding shall have the right from time to time to consent to and approve the execution and delivery by the Issuer and the Trustee of any Supplemental Indenture deemed necessary or desirable by the Issuer for the purposes of modifying, altering, amending, supplementing or rescinding, in any particular, any of the terms or provisions contained in this Indenture; provided provided, however, that, unless approved in writing by the Owners of all the Bonds then affected therebyOutstanding, nothing herein contained shall permit, or be construed as permitting, permitting (i) a change in an extension of the times, amounts or currency of payment maturity of the principal of, or the time for payment of any redemption premium if any, or interest on, any Outstanding Bond, a change in the terms of the purchase thereof by the Trustee, Bond or a reduction in the principal amount or redemption price of any Outstanding Bond Bond, or the rate of interest or redemption premium thereon, or a reduction in the amount of, or extension of the time of any payment required by, any Bond; (ii) the creation a privilege or priority of a claim or lien upon, or a pledge of, the Revenues ranking prior to or on a parity with the claim, lien or pledge created by this Indenture any Bond over any other Bond (except as referred to in Section 10.04 hereofherein provided), or ; (iii) a reduction in the aggregate principal amount of the Bonds required for consent to such a Supplemental Indenture; (iv) the consent deprivation of the Owners owner of which is required for any such Supplemental Indenture Bond then Outstanding of the lien created by this Indenture; or which is required, under (v) the amendment of this Section 12.06 hereof, for any modification, alteration, amendment or supplement to the Agreement11.02.

Supplemental Indentures Requiring Owner Consent. (a) Except for any Supplemental Indenture entered into pursuant to Section 12.01 11.01 hereof, subject to the terms and provisions contained in this Section 12.02 11.02 and not otherwise, the Owners of not less than 60% a majority in aggregate principal amount of the Bonds then Outstanding shall have the right from time to time to consent to and approve the execution and delivery by the Issuer Authority and the Trustee of any Supplemental Indenture deemed necessary or desirable by the Issuer Authority for the purposes of modifying, altering, amending, supplementing or rescinding, in any particular, any of the terms or provisions contained in this Indenture; provided provided, however, that, unless approved in writing by the Owners of all the Bonds then affected therebyOutstanding, nothing herein contained shall permit, or be construed as permitting, permitting (i) a change in an extension of the times, amounts or currency of payment maturity of the principal of, or the time for payment of any redemption premium if any, or interest on, any Outstanding Bond, a change in the terms of the purchase thereof by the Trustee, Bond or a reduction in the principal amount or redemption price of any Outstanding Bond Bond, or the rate of interest or redemption premium thereon, or a reduction in the amount of, or extension of the time of any payment required by, any Bond; (ii) the creation a privilege or priority of a claim or lien upon, or a pledge of, the Revenues ranking prior to or on a parity with the claim, lien or pledge created by this Indenture any Bond over any other Bond (except as referred to in Section 10.04 hereofherein provided), or ; (iii) a reduction in the aggregate principal amount of the Bonds required for consent to such a Supplemental Indenture; (iv) the consent deprivation of the Owners owner of which is required for any such Supplemental Indenture Bond then Outstanding of the lien created by this Indenture; or which is required, under (v) the amendment of this Section 12.06 hereof, for any modification, alteration, amendment or supplement to the Agreement11.02.

Supplemental Indentures Requiring Owner Consent. (a) Except for any Supplemental Indenture entered into pursuant to Section 12.01 11.01 hereof, subject to the terms and provisions contained in this Section 12.02 11.02 and not otherwise, the Owners of not less than 60% a majority in aggregate principal amount of the Bonds then Outstanding shall have the right from time to time to consent to and approve the execution and delivery by the Issuer and the Trustee of any Supplemental Indenture deemed necessary or desirable by the Issuer for the purposes of modifying, altering, amending, supplementing or rescinding, in any particular, any of the terms or provisions contained in this Indenture; provided provided, however, that, unless approved in writing by the Owners of all the Bonds then affected therebyOutstanding, nothing herein contained shall permit, or be construed as permitting, permitting (i) a change in an extension of the times, amounts or currency of payment maturity of the principal of, or the time for payment of any redemption premium if any, or interest on, any Outstanding Bond, a change in the terms of the purchase thereof by the Trustee, Bond or a reduction in the principal amount or redemption price of any Outstanding Bond Bond, or the rate of interest or redemption premium thereon, or a reduction in the amount of, or extension of the time of any payment required by, any Bond; (ii) the creation a privilege or priority of a claim or lien upon, or a pledge of, the Revenues ranking prior to or on a parity with the claim, lien or pledge created by this Indenture any Bond over any other Bond (except as referred to in Section 10.04 hereofherein provided), or ; (iii) a reduction in the aggregate principal amount of the Bonds required for consent to such a Supplemental Indenture; (iv) the consent deprivation of the Owners owner of which is required for any such Supplemental Indenture Bond then Outstanding of the lien created by this Indenture; or which is required, under (v) the amendment of this Section 12.06 hereof, for any modification, alteration, amendment or supplement to the Agreement11.02.