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of any Bond or Bonds over any other Bond or Bonds, or (E) a reduction in the aggregate principal <br />amount of the Bonds required for consent to such Supplemental Resolution. Nothing herein <br />contained, however, shall be construed as making necessary the approval by Bondholders of the <br />adoption of any Supplemental Resolution as authorized in Section 7.01 hereof. <br />If at any time the Issuer shall determine that it is necessary or desirable to adopt any <br />Supplemental Resolution pursuant to this Section 7.02, the Clerk shall cause the Registrar to give <br />notice of the proposed adoption of such Supplemental Resolution and the form of consent to such <br />adoption to be mailed, postage prepaid, to all Bondholders at their addresses as they appear on the <br />registration books. Such notice shall briefly set forth the nature of the proposed Supplemental <br />Resolution and shall state that copies thereof are on file at the offices of the Clerk and the Registrar <br />for inspection by all Bondholders. The Issuer shall not, however, be subject to any liability to any <br />Bondholder by reason of its failure to cause the notice required by this Section 7.02 to be mailed <br />and any such failure shall not affect the validity of such Supplemental Resolution when consented <br />to and approved as provided in this Section 7.02. <br />Whenever the Issuer shall deliver to the Clerk an instrument or instruments in writing <br />purporting to be executed by the Holders of not less than a majority in aggregate principal amount <br />of the Bonds then Outstanding, which instrument or instruments shall refer to the proposed <br />Supplemental Resolution described in such notice and shall specifically consent to and approve <br />the adoption thereof in substantially the form of the copy thereof referred to in such notice, <br />thereupon, but not otherwise, the Issuer may adopt such Supplemental Resolution in substantially <br />such form, without liability or responsibility to any Holder of any Bond, whether or not such <br />Holder shall have consented thereto. <br />If the Holders of not less than a majority in aggregate principal amount of the Bonds <br />Outstanding at the time of the adoption of such Supplemental Resolution shall have consented to <br />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 />Notwithstanding any other provision of this Section 7.02, Holders of Bonds shall be <br />deemed to have provided consent pursuant to this Section 7.02 if the offering document for such <br />Bonds expressly describes the Supplemental Resolution and the amendments to this Resolution <br />contained therein and states by virtue of the Holders' purchase of such Bonds the Holders are <br />deemed to have notice of, and consented to, such Supplemental Resolution and amendments. <br />31 <br />