Res13 15263 - Laserfiche WebLink

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(c) to modify, amend or supplement this Indenture in such manner as to permit the qualification hereof under the Tntst Indenture Act of 1939, as amended, or any similar federal statute hereafter in effect, and to add such other terms, conditions and provisions as may be permitted by said act or similar federal statute; (d) to make such additions, as may be necessary or desirable to assure exemption from federaL income taxation of interest on the Bonds; or (e) to authorize the issuance of Additional Bonds. � In the event of any such amendment or supplement, copies of such amendment or supplement and any other documents relating thereto shall be provided by the Authority to Moody's and S&P (provided such rating agencies are currently rating the Bonds, or any Parity Obligations)at least five(5)days prior to the effective date thereof. Section 8.02. Disqualified Bonds. Bonds owned or held by or for the account of the Authority shall not be deemed Outstanding for the purpose of any consent or other action or any calculation of Outstanding Bonds provided in this Article VIII, and shall not be entitled to ' consent to or take any other action provided in this Article VIII, and the Trustee may adopt appropriate regulations to require each Owner, before his or her consent provided for herein shall be deemed effective, to reveal if the Bonds as to which such consent is given are disqualified as provided in this Section 8.02. ARTICLE IX DEFEASANCE Section 9.01. Defeasance. Any Outstanding Bonds shall be paid and discharged in any one or more of the following ways: (a) by paying or causing to be paid the principal of and interest on such Bonds Outstanding, as and when the same become due and payable; (b) by irrevocably depositing with the Trustee, in trust, at or before maturity money which, together with the amounts then on deposit in the funds and accounts established pursuant to this Indenture is fully sufficient to pay any such Bonds Outstanding, including all principal, interest and redemption premiums; or (c) by irrevocably depositing with the Trustee, in trust, non-callable Federal Securities in such amount (i) will, together with amounts then on deposit in the funds and accounts established pursuant to this Indenture (except amounts on deposit in the Rebate Fund and the Project Fund)be sufficient to pay and discharge the indebtedness on all Bonds(including the principal interest and premium, if any, therenn) at or before their respective maturiry dates, or (ii) as an Independent Certified Public Accountant shall certify to the Trustee, will, together with the interest.to accrue thereon and moneys then on deposit in the funds and accounts established -41- � 338471 1.DOC