Consent of Owners Sample Clauses

Consent of Owners. (a) If at any time the Authority (or the City on behalf of the Authority) shall request the Trustee to enter into any Supplemental Indenture requiring consent of the Owners, the Trustee, upon being satisfactorily indemnified with respect to expenses, shall cause notice (unless waived by the affected Owners in their consent) of the proposed Supplemental Agreement to be mailed to each affected Owners, as shown in the Registration Books at the close of business on the 15th day preceding that mailing and at its address as it appears on the Registration Books on that 15th day preceding the mailing. The notice shall describe briefly the nature of the proposed amendment and shall state that copies thereof are on file at the office of the Trustee designated therein for inspection by all such Owners. Consent of Owners may also be evidenced: (i) by Bonds being sold to such Owners under an official statement or other offering document which describes the proposed amendment and states that their purchase shall be treated as their consent to such amendment; or (ii) in any other manner acceptable to the Trustee. If the Supplemental Indenture will not take effect so long as any particular Bonds remain Outstanding, the consent of the Owners of such Bonds shall not be required and such Bonds shall not be deemed to be Outstanding for the purpose of determining the required consents.
Consent of Owners. This Indenture and the rights and obligations of the Agency and of the Owners may be modified or amended at any time by a Supplemental Indenture which shall become binding upon adoption without necessity of the consent of any Owners, to the extent permitted by law and only for any one or more of the following purposes –
Consent of Owners. Terramics agrees to obtain on or before the Closing ----------------- Date the written consent of each Owner to the Assignment of the Property Agreements by obtaining a written Consent to Assignment in substantially the form of Exhibit E attached hereto. ---------
Consent of Owners. (a) The City and the Trustee, with the consent of the Tenant and RentCo, may at any time execute and deliver a Supplemental Indenture making a modification or amendment permitted by the provisions of Section 7.3, to take effect when and as provided in this Section. A copy of such Supplemental Indenture (or brief summary thereof or reference thereto) together with a request for consent addressed to the Owners whose consent is required (if applicable), shall promptly after adoption be mailed by the Trustee to the appropriate Owners, provided that, notwithstanding the adoption of such Supplemental Indenture, such Supplemental Indenture shall only become effective in accordance with Section 7.4(b).
Consent of Owners. By obtaining or retaining ownership in the Cooperative, each owner consents to take into account, in the manner and to the extent required by federal and state tax law, any patronage dividend received from the Cooperative.
Consent of Owners. Developer shall obtain the consent of the Owners of the Project, consenting to the terms of this Agreement, as a condition to the effectiveness of this Agreement.
AutoNDA by SimpleDocs
Consent of Owners. (a) Subject to the terms and provisions contained in this Section 11.04 and not otherwise, the Owners of a majority of the aggregate principal amount of Bonds then Outstanding of each series of Bonds affected by such amendment, shall have the right from time to time to consent to and approve the execution and delivery by the Issuer and the acceptance by the Trustee, with the consent of the Borrower if required pursuant to Section 11.05, of any supplemental indenture as shall be deemed necessary or desirable by the Issuer for the purpose of modifying, altering, amending, adding to or rescinding, in any particular, any of the terms or provisions contained in this Indenture; provided, however, that nothing herein contained shall permit, or be construed as permitting without the consent of the Owners of all Bonds then Outstanding which would be affected by such proposed change (i) a change in the times, amounts or currency of payment of the principal of, premium, if any, or interest on any Outstanding Bond, or a reduction in the principal amount or redemption or tender price, or the dates or terms of redemption of any Outstanding Bond, or the rate of interest thereon, or (ii) the creation of a claim or lien upon, or a pledge of, the revenues derived from the Borrower under the Loan Agreement or other part of the Trust Estate or (iii) a change to the preference or priority of any Bond or Bonds over any other Bond or Bonds, or (iv) any change adversely affecting the tax-exempt status of any Bond, or (v) a reduction in the aggregate principal amount of the Bonds required for consent under this Indenture, or (vi) the release of the lien of the Trust Estate or any portion thereof prior to the payment of all Bonds Outstanding.
Consent of Owners. (a) The Trustee shall mail to the owners of all Bonds affected thereby a copy of any Supplemental Indenture (or brief summary thereof or reference thereto) making a modification or amendment which is not permitted by the provisions of Section 7.1, together with a request to such owners for their consent thereto; provided, however, that failure to mail such copy and request shall not affect the validity of the Supplemental Indenture when consented to as provided in this Section and shall not subject the Trustee to any liability. Such notice shall set forth a Record Date as of which the ownership of Bonds shall be determined for purposes of obtaining consents of the owners of such Bonds, which date may be extended from time to time by the Trustee upon Direction of the Issuer. Such Supplemental Indenture shall not be effective unless and until there shall have been filed with the Trustee
Consent of Owners. SANDAG may at any time authorize the execution and delivery of a Supplemental Indenture making a modification or amendment permitted by the provisions of Section 1102, to take effect when and as provided in this Section. Subject to the provisions of Section 1206, the rights of the Owner of an Insured Bond to take any action pursuant to this Section 1103 are abrogated and the Bond Insurer may exercise the rights of the Owner of any Insured Bond that is entitled to the benefits of the Bond Insurance Policy issued by the Bond Insurer for the purpose of any approval, request, demand, consent, waiver or other instrument of similar purpose pursuant to any provision of this Section. Upon the authorization of such Supplemental Indenture, a copy thereof shall be delivered to and held by the Trustee for the inspection of the Owners. A copy of such Supplemental Indenture (or summary thereof or reference thereto) together with a request to Owners for their consent thereto, shall be furnished to the Trustee by SANDAG and mailed to the Owners, but failure to mail such copy and request shall not affect the validity of such Supplemental Indenture when consented to as in this Section provided. Such Supplemental Indenture shall not be effective unless and until, and shall take effect in accordance with its terms when (a) there shall have been filed with the Trustee
Time is Money Join Law Insider Premium to draft better contracts faster.