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without the execution or filing of any paper or further act, anything herein to the contrary notwithstanding. Section 7.06. Funds and Accounts. The Trustee may establish such funds and accounts as it reasonably deems necessary or appropriate to perform its obligations hereunder. ARTICLE VIII AMENDMENT OF OR SUPPLEMENT TO.TRUST AGREEMENT Section 8.01. Amendment or Supplement. This Indenture and the rights and obligations of the Authority and of the Owners of the Bonds may be modified or amended by the Authority at any time by the execution of a Supplemental Indenture with the written consent of the Owners of a majority in aggregate principal amount of the Bonds then Outstanding, exclusive of Sonds disqualified as provided in Section 8.02 hereof; provided, that no such consent of the Owners shall be required in connection with an amendment or supplement executed with respect to the issuance of Additional Bonds as authorized herein. Any such Supplemental Indenture shall become effective upon receipt of the consent of the requisite number of Bond Owners. No such modification or amendment shall (1) extend the date for payment of any principal of any Bond or reduce the interest rate thereon, or otherwise alter or impair the obligation of the Authority to pay the principal thereof, or interest thereon, or any premium payable on the redemption thereof, at the time and place and at the rate and it� the currency provided therein, without the written consent of the Owner of such Bond, (2) permit the creation by the Authority of any mortgage, pledge or lien upon the Revenues superior to or on a parity with the pledge and lien created for the benefit of the Bonds (except as expressly permitted by this Indenture), (3) reduce the percentage of Bonds required for the affirmative vote or written consent to an amendment or modification, or (4) modify any of the rights or obligations of the Trustee without its written consent thereto. This Indenture and the rights and obligations of the Authority, of the Trustee and the Owners of the Bonds may also be modified or amended from time to time and at any time by a Supplemental Indenture which the Authority and the Trustee may enter into without the consent of any Bond Owners, if the Trustee determines that the provisions of such Supplemental Indenture shall not materially adversely affe.ct ttie interests of the Owners of the Bonds, including;without limitation, for any one or more of the following purposes: (a) to add to the covenants and agreements of the Authority or the Ciry other covenants and agreements thereafter to be observed, to pledge or assign additional security for the Bonds (or any portion thereo�, or to surrender. any right or power herein reserved to or conferred upon the Authority or the City; , (b) to make such provisions for the purpose of curing any ambiguity, inconsistency or omission, or of curing or correcting any defective provision, contained in this Indenture, or in regard to matters or questions arising under this Indenture, as the Authority or the City may deem necessary or desirable; -40- 338471_1.DOC