Common use of Effect of Consents Clause in Contracts

Effect of Consents. After an amendment or supplement becomes effective, it will bind every Bondholder unless it makes a change described in any of the lettered clauses of the preceding Section. In that case, the amendment or supplement will bind each Bondholder who consented to it and each subsequent holder of a Bond or portion of a Bond evidencing the same debt as the consenting holder's Bond.