Without the Consent of Holders. Without the consent of any Holders, the Issuer, when authorized by a Board Resolution, and the Fiscal Agent, at any time and from time to time, may amend this Agreement for any of the following purposes: (1) to evidence the succession of another corporation to the Issuer in accordance with the terms of this Agreement, and the assumption by such successor of the obligations and covenants of the Issuer herein and in the Securities contained; or (2) to add to the covenants of the Issuer for the benefit of the Holders of all Securities or to surrender any right or power herein conferred upon the Issuer; or (3) to evidence and provide for the acceptance of appointment hereunder by a successor Fiscal Agent with respect to the Securities; or (4) to cure any ambiguity, to correct or supplement any provision herein to cure any ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Agreement; provided that such provision does not adversely affect the interests of the Holders of the Securities. After an amendment under this Section becomes effective, the Issuer shall mail to Holders a notice briefly describing such amendment. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect the validity of an amendment under this Section.
Appears in 2 contracts
Samples: Fiscal Agency Agreement (Sovereign Bancorp Inc), Fiscal Agency Agreement (Sovereign Bancorp Inc)