Examples of Supplemental Resolution in a sentence
Effective upon adoption of this Supplemental Resolution and the Commission’s receipt of the Lender’s written consent to the amendments herein, the following is hereby added to the Bond Resolution as a new Section 24.SECTION 24.
If any section, paragraph or provision of this Supplemental Resolution shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this Supplemental Resolution.
Upon redemption in full or defeasance of the Future Developer Bonds, this Supplemental Resolution shall no longer be effective and shall be deemed to be repealed and rescinded.
This Supplemental Resolution shall: (i) be in immediate effect from and after its adoption and the Commission’s receipt of the Lender’s signed written consent in the form attached hereto as Exhibit B; and (ii) remain in effect for so long as the Future Developer Bonds remain outstanding.
Effective upon adoption of this Supplemental Resolution and the Commission’s receipt of the Lender’s written consent to amendments herein, the following defined terms and definitions shall be deemed added, incorporated into and made part of SECTION 1.