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1983-102
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1983-102
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Last modified
3/28/2023 3:08:25 PM
Creation date
3/28/2023 3:04:57 PM
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Resolutions
Resolution Number
1983-102
Approved Date
10/19/1983
Subject
Providing for the financing of the acquition construction & equipment of a
120 Bed Nursing Home Facility located on 37th Street, Providing for Industrial
Development Revenue Bonds (Florida Health Facilities Project)
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3dcti~n 1.05. A~endments to Agreement. <br />( ., J .\r.1endments Not Requiring Consent of 13ond:.olders. The <br />'.'r:.isc.·:?t! 1:i,I the Guarantor may with the prior written consent of <br />~~d :Jsu~r (~hich consent shall not unreasonably be withheld), <br />but, ~i.c.:,out the consent of or notice to the Bondholders, execute <br />~ny 1~~nJ:1ent, change or modification of this ~greement for any <br />one •)t" .:1ore of the following purposes: <br />(l} to evidence the succrJsion of another Person to the <br />0~Li1ations of ant party hereunder, and the assumption by any <br />3uch ~uccessor of the covenants of such party contained <br />herl!in: or <br />{2) to add to the covenants of the Guarantor for the <br />b,rn~ :it of the 'rr:-us tee and the 13ondholders or to surrender <br />any ~i~ht or power herein conferred upon the Guarantor, the <br />3urc-injer of which, in the opinion of the Trustee, shall not <br />~3c.~rially adversely affect the interests of the Trustee or <br />t.:1\! :.1o nJholders; or <br />( .3) to cure any ambiguity or formal defect or omission <br />in this Agreement, or to correct or supplement any provision <br />her~in which may be inconsistent with any other provision <br />itere?in, or to make any other provisions with respect to mat- <br />ters :Jr ,1uestions arising under this ~gr13ement which shall <br />11ot h~ inconsistent "'ith the provisions of this Agreement: <br />proviJed, such other provisions shall, in the opinion of the <br />:'ru!:it~c, not matarially adversely affect the interests of <br />the Trustee or the Bondholders; or <br />(4) to grant to or confar upon the Trustee or the <br />JonJholders any additional rights, remedies, powers, benefits <br />or ,:iuthority that may lawfully be granted to or conferred <br />uron the Tr:-ust.ee or the Bonuholders. <br />(b) ~nendments Requiring Consent of Dondholders. Except as <br />providad in subsection (a} of this Section 1.05, this Agreement <br />may not be amended, changed, modified, altered or terminated so <br />as to ~ffect the interest of the holJcrs of □ond s outstnnding (as <br />rl-:!fineu in the indenture), 1.-lithout the prior written cons ent of <br />the l:..suer (-..1hich consent shall not unreasonably be withhel,l) and <br />of the hoLJers of Outstanding Bonds of not less than that percent <br />in aqgrcgate principal amount of the Outstanding □ands materially <br />au.vl!rsely affected thereby 1v'hich would be necessary to make an <br />ai.11a!ndrn~nt to the Indentur.e of the type requiring consent of the <br />001~holJers: ~rovide<l, however, th~t no such amerulment shall <br />moJify or reduce the oblig~tions of the parties under Article III <br />-5-
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