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

Supplemental Indentures Not Requiring Consent of Bondholders. The Issuer and the Trustee may, without consent of, or notice to, any of the Bondholders enter into an indenture or indentures supplemental to this Indenture for any one or more of the following purposes: (a) To cure any ambiguity or formal defect or omission in this Indenture; (b) 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; (c) To evidence the appointment of a separate trustee or a co-trustee or the succession of a new Trustee hereunder; (d) To provide for an uncertificated book-entry system of registration for the Bonds; (e) To preserve the exclusion of the interest on the Bonds from gross income for purposes of federal income taxation; (f) To implement the Fixed Interest Rate or to evidence or give effect to the delivery of an Alternate Letter of Credit; (g) To provide for the issuance of Additional Bonds; (h) To obtain or maintain an appropriate rating or ratings on the Bonds; and (i) To make any other change which in the judgment of the Issuer and the Trustee is not materially prejudicial to the Bondholders.

Appears in 1 contract

Sources: Trust Indenture (First United Ethanol LLC)

Supplemental Indentures Not Requiring Consent of Bondholders. The Issuer and the Trustee may, without consent of, or notice to, any of the Bondholders enter into an indenture or indentures supplemental to this Indenture for any one or more of the following purposes: (a) To cure any ambiguity or formal defect or omission in this Indenture; (b) 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; (c) To evidence the appointment of a separate trustee or a co-trustee or the succession of a new Trustee hereunder; (d) To provide for an uncertificated book-entry system of registration for the Bonds; (e) To preserve the exclusion of the interest on the Bonds from gross income for purposes of federal income taxation[Reserved]; (f) To implement the Fixed Interest Rate or to evidence or give effect to the delivery of an Alternate Letter of Credit; (g) To provide for the issuance of Additional Bonds; (h) To obtain or maintain an appropriate rating or ratings on the Bonds; and (i) To make any other change which in the judgment of the Issuer and the Trustee is not materially prejudicial to the Bondholders.

Appears in 1 contract

Sources: Trust Indenture (First United Ethanol LLC)