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01/31/2023
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01/31/2023
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3/16/2023 1:11:51 PM
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3/16/2023 1:01:11 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
01/31/2023
Meeting Body
Board of County Commissioners
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and approved the adoption thereof as herein provided, no Holder of any Bond shall have any right <br />to object to the adoption of such Supplemental Resolution, or to object to any of the terms and <br />provisions contained therein or the operation thereof, or in any manner to question the propriety <br />of the adoption thereof, or to enjoin or restrain the Issuer from adopting the same or from taking <br />any action pursuant to the provisions thereof. <br />Upon the adoption of any Supplemental Resolution pursuant to the provisions of this <br />Section 7.02, this Resolution shall be deemed to be modified and amended in accordance <br />therewith, and the respective rights, duties and obligations under this Resolution of the Issuer and <br />all Holders of Bonds then Outstanding shall thereafter be determined, exercised and enforced in <br />all respects under the provisions of this Resolution as so modified and amended. <br />SECTION 7.03. AMENDMENT WITH CONSENT OF CREDIT FACILITY <br />PROVIDER ONLY. For purposes of amending this Resolution pursuant to Section 7.02 hereof, <br />a Credit Facility Provider of a Series of Bonds shall be considered the Holder thereof, provided <br />such Series of Bonds, at the time of the adoption of the amendment, shall be rated by the rating <br />agencies which shall have rated the Bonds no lower than the initial ratings assigned thereto by <br />such rating agencies. The consent of the Holders of Bonds shall not be required if the Credit <br />Facility Provider shall consent to the amendment as provided by this Section 7.03. The foregoing <br />right of amendment, however, does not apply to any amendment to Section 5.06 hereof with <br />respect to the exclusion of interest on the Bonds from gross income for purposes of federal income <br />taxation or the amendments described in the penultimate sentence of the first paragraph of Section <br />7.02 hereof. Prior to adoption of any amendment made pursuant to this Section 7.03, notice of such <br />amendment shall be delivered to the rating agencies rating the Bonds. Upon filing with the Clerk <br />of evidence of such consent of a Credit Facility Provider as aforesaid, the Issuer may adopt such <br />Supplemental Resolution. After the adoption by the Issuer of such Supplemental Resolution, notice <br />thereof shall be mailed in the same manner as notice of an amendment under Section 7.02 hereof. <br />[Remainder of page intentionally left blank] <br />M <br />161 <br />
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