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_ . __ <br /> Section 8.11. Amendments. <br /> This Instaliment Purchase Contract may be amended in writing as may be mutually <br /> agreed by the City and the Authority, with the written consent of the Owners of a majority of the <br /> aggregate principal evidenced by the Bonds then Outstanding; provided, however, that no such <br /> amendment shall (i) extend the payment date of any Installment Payment or reduce the amount <br /> of any Installment Payment, or the interest rate applicable thereto, without the prior written <br /> consent of the Owner of each Bond so affected, (ii) reduce the percentage of Owne�s whose <br /> consent is required for any amendment hereof without the prior written consent of the-Owners of <br /> all Bonds then Outstanding, or (iii) amend this Section without the prior written consent of the <br /> Owners of all Bonds then. Outstanding. . <br /> This Installment Pu�chase Contract and the rights and obligations of the City and the <br /> Authority hereunder may also be amended or supplemented at any time by an amendment <br /> hereof or supplement hereto which shall become binding upon execution by the City and the <br /> Authority, without the written consents of any Owners, but only ta the extent permitted by law <br /> and only for any one or more of the following purposes: <br /> (i) to add to the agreements, conditions, covenants and terms required by <br /> the Authoriry or the City to be observed or performed herein other agreements, <br /> conditions, covenants and terms thereafter to be observed or performed by the Authority <br /> or the City, or to surrender any right or power reserved herein to or conferred herein on <br /> the Authority or the City, and which in either case shall not materially adversely affect the <br /> interests of the Owners; <br /> (ii) to make such provisions for the purpose of curing any ambiguity or of <br /> correcting, curing or supplementing any defective provision contained herein or in regard <br /> to questions arising hereunder which the Authoriry or the City may deem desirable or <br /> necessary and not inconsistent herewith, and which shall not materially adversely affect <br /> the interests of the Owners; <br /> (iii) to make such additions, deletions or modifications as may be necessary <br /> or appropriate to assu�e the exclusion of interest on the Bonds from federal or State <br /> income taxes; • <br /> (iv) to provide for the issuance of Parity Obligations as provided for in Section <br /> 4.03 hereof or the issuance of Additional Bonds as provided for in the Indenture; <br /> (v) to make such other changes herein or modifications hereto as the <br /> Authority or the City may deem desirable or necessary, and which shall not materially <br /> adversely affect the interests of the Owners. <br /> Any amendment made in violation of this Section 8.11 shall be a nullity and void. <br /> Section 8.12. Effective Date. <br /> This Installment Purchase Contract shall become effective upon its execution and <br /> delivery, and shall terminate when all Installment Payments shall have been fully paid and the <br /> Bonds are no longer Outstanding (or provision for the payment thereof shall have been made to <br /> the written satisfaction of the Authority pursuant to Article IX of the Indenture); provided, that the <br /> 27 <br />