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Amendments to the Loan Agreement and Other Documents <br /> The City and the Trustee may,without the consent of or notice to the Bondholders, <br /> consent to any amendment,change or modification of the Loan Agreement,the Mortgage or <br /> the Subordinate Mortgage as may be required(i)by the provisions of the Loan Agreement, <br /> the Mortgage,the Subordinate Mortgage or the Indenture,(ii)for the purpose of curing any <br /> ambiguity or formal defect or omission, or(iii)in connection with any other change therein <br /> which, in the judgment of the Trustee, is not to the prejudice of the Trustee (unless waived <br /> by the Trustee), the Holders of the Bonds or the holders or creditors of any Subordinated <br /> Debt. In determining whether or not an amendment, change, or modification does or does <br /> not require the consent of bondholders, the Trustee may conclusively rely on an Opinion of <br /> Counsel. <br /> Except for the amendments, changes or modifications as provided in Section 12.01 <br /> of the Indenture, neither the City nor the Trustee shall consent to any other amendment, <br /> change or modification of the Loan Agreement,the Mortgage or the Subordinate Mortgage <br /> without the written approval or consent of a Majority of Holders given and procured as <br /> described in this paragraph; provided, however, that no such amendment, change or <br /> modification shall ever affect the unconditional obligation of the Borrower to make Loan <br /> Repayments as they become due and payable. If a Majority of Holders at the time of the <br /> execution of any such amendment, change or modification shall have consented to and <br /> approved the execution thereof as provided in the Indenture, no Holder of any Bond shall <br /> have any right to object to any of the terms and provisions contained therein, or in the <br /> operation thereof, or in any manner to question the propriety of the execution thereof, or to <br /> enjoin or restrain the Trustee, the City or the Borrower from executing the same or from <br /> taking any action pursuant to the provisions thereof. <br /> Amendments May Not Reduce Loan Repayments <br /> Under no circumstances shall any amendment to the Loan Agreement,the Mortgage <br /> or the Subordinate Mortgage, without the consent of the Holders of all Bonds outstanding <br /> affected thereby: (i) reduce the aggregate amount of Loan Repayments payable under the <br /> Loan Agreement,or allow any installment of Loan Repayments to be paid subsequent to the <br /> time needed for the payment of principal of,premium,if any, and interest on the Bonds, (ii) <br /> modify any of the provisions of the Loan Agreement to eliminate the requirement that the <br /> Trustee consent to every amendment thereto; or (iii) release from the lien of the Mortgage <br /> or the Subordinate Mortgage or any of the property secured thereby, or permit the creation <br /> of any lien ranking prior to or on a parity with the lien of the Indenture on any part of the <br /> Trust Estate, except as expressly permitted by the Indenture, the Loan Agreement, the <br /> Mortgage or the Subordinate Mortgage. <br /> Additional Requirements for all Amendments <br /> Notwithstanding any other provisions of the Indenture,(i)no amendment to the Loan <br /> Agreement, the Mortgage, or the Subordinate Mortgage shall be executed until the Trustee <br />