Common use of Supplemental Trust Agreements Amending Trust Agreement or Bonds Clause in Contracts

Supplemental Trust Agreements Amending Trust Agreement or Bonds. At any time or from time to time but subject to the conditions or restrictions in this Trust Agreement contained, the Trust and the Master Trustee may amend or supplement this Trust Agreement modifying any of the provisions of this Trust Agreement or Bonds or releasing the Trust from any of the obligations, covenants, agreements, limitations, conditions or restrictions therein contained, but, except as provided in Section 9.1, no such amendment or supplement shall be effective until after the execution of such amendment or supplement on behalf of the Trust and the Master Trustee and unless (a) no Bonds authorized by a Supplemental Trust Agreement adopted prior to the adoption of such amendment or supplement remain Outstanding at the time it becomes effective, or (b) such amendment or supplement is consented to by or on behalf of the Owners of the Senior Bonds Outstanding, or if no Senior Bonds are Outstanding, the Subordinate Bonds Outstanding, at the time such consent is given in accordance with and subject to the provisions of Article X.

Appears in 3 contracts

Samples: Master Trust Agreement, Master Trust Agreement, Master Trust Agreement

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Supplemental Trust Agreements Amending Trust Agreement or Bonds. At any time or from time to time but subject to the conditions or restrictions in this Trust Agreement contained, the Trust Authority and the Master Trustee may amend or supplement this Trust Agreement modifying any of the provisions of this Trust Agreement or Bonds or releasing the Trust Authority from any of the obligations, covenants, agreements, limitations, conditions or restrictions therein contained, but, except as provided in Section 9.1901, no such amendment or supplement shall be effective until after the execution of such amendment or supplement on behalf of the Trust Authority and the Master Trustee and unless (a) no Bonds authorized by a Supplemental Trust Agreement adopted prior to the adoption of such amendment or supplement Supplemental Trust Agreement remain Outstanding at the time it becomes effective, or (b) such amendment or supplement Supplemental Trust Agreement is consented to by or on behalf of the Registered Owners of the Senior Bonds Outstanding, or if no Senior Bonds are Outstanding, the Subordinate Subordinated Bonds Outstanding, at the time such consent is given in accordance with and subject to the provisions of Article X.

Appears in 1 contract

Samples: Trust Agreement

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