Common use of Supplemental Indentures Not Requiring Consent of Bondholders Clause in Contracts

Supplemental Indentures Not Requiring Consent of Bondholders. (a) Without the consent of or notice to any of the Bondholders, the Issuer and the Trustee may, with the consent of the Company, enter into one or more Supplemental Indentures, for any one or more of the following purposes: (i) To cure any ambiguity, inconsistency or omission in this Indenture or to cure, correct or supplement any defective provision of this Indenture in such manner as shall not impair the security hereof or adversely affect the Bondholders; (ii) To grant to or confer upon the Trustee for the benefit of the Bondholders any additional rights, remedies, powers or authority that may lawfully be granted to or conferred upon the Bondholders or the Trustee; (iii) To add to the covenants and agreements of the Issuer in this Indenture other covenants and agreements to be observed by the Issuer; (iv) To more precisely identify the Trust Estate; (v) To subject to the Lien of this Indenture additional Property; (vi) To evidence the appointment of a separate Trustee or a Co-Trustee or the succession of a new Trustee hereunder; or (vii) To effect any other change herein which, in the judgment of the Trustee, is not to the prejudice of the Trustee or the Owners of Bonds. (b) The Trustee may rely upon an opinion of Independent Counsel as conclusive evidence that any such Supplemental Indenture complies with the foregoing conditions and provisions.

Appears in 2 contracts

Sources: Indenture of Trust (Weirton Steel Corp), Indenture of Trust (Weirton Steel Corp)

Supplemental Indentures Not Requiring Consent of Bondholders. (a) Without the consent of or notice to any of the Bondholders, the Issuer and the Trustee may, with the consent of the Company, enter into one or more Supplemental Indentures, for any one or more of the following purposes: (i) To cure any ambiguity, inconsistency or omission in this Indenture or to cure, correct or supplement any defective provision of this Indenture in such manner as shall not impair the security hereof or adversely affect the Bondholders; (ii) To grant to or confer upon the Trustee for the benefit of the Bondholders any additional rights, remedies, powers or authority that may lawfully be granted to or conferred upon the Bondholders or the Trustee; (iii) To add to the covenants and agreements of the Issuer in this Indenture other covenants and agreements to be observed by the Issuer; (iv) To more precisely identify the Trust Estate; (v) To subject to the Lien of this Indenture additional Property; (vi) To evidence the appointment of a separate Trustee or a Co-Trustee or the succession of a new Trustee hereunder; or (vii) To effect any other change herein which, in provide for the judgment issuance of the Trustee, is not to the prejudice of the Trustee or the Owners of Additional Bonds. (b) The Trustee may rely upon an opinion of Independent Counsel as conclusive evidence that any such Supplemental Indenture complies with the foregoing conditions and provisions.

Appears in 1 contract

Sources: Indenture of Trust (Weirton Steel Corp)