Agenda - 03-02-2006-8bTA - Laserfiche WebLink

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any calculation of Outstanding Certificates provided for in this Trust Agreement, and will not be entitled to take any action provided far in this Trust Agreement. The Trustee may provide far each Owner, before his or her consent provided for in this Article X will be deemed effective, to reveal if the Certificates as to which such consent is given are disqualified. Notwithstanding the foregoing provisions of this Section, it is the intent of the Company, the County and the Trustee that the ownership or holding of Certificates by the Company or the County will not, by itself, give rise to an extinguishment of the Certificates or any obligation arising under this Trust Agreement or the Financing Contract. Section 10.05. Effect of Consents. After an amendment or supplement becomes effective, it will bind every Owner. Any such consent will be binding upon and irrevocable by the Owner of the Certificate giving such consent and on any subsequent Owner {whether or not such subsequent Owner has notice thereof}, Lidless such consent is revoked in writing by the Owner giving such consent or a subsequent Owner by filing such revocation with the Trustee prior to the date when the notice provided for in Section 10.9 has been mailed. Section 10.06. Notation on or Exchange of Certificates. If an amendment or supplement changes the terms of a Certificate, the Trustee may require the O~~ner of such Certificate to deliver it to the Trustee. The Trustee maSj place an appropriate natation on the Certificate about the changed terms and return it to the Owner. Alternatively, if the Trustee, the Companyr and the CoLiltyj so determine, the Company, in exchange for the Certificate, will execute, and the Trustee uTill authenticate and deliver, a new Certificate that reflects the changed terms. Section 10.07. Trustee's Execution of Amendments and Supplements. The Trustee will execute and deli~Ter anyr amendment or supplement to the Trust Agreement or the Certificates authorized by this Article if the amendment or supplement does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If the amendment or supplement has such an adverse effect, the Trustee may, but need not, execute and deliver the same. In executing and delivering an amendment or supplement, the Trustee will be entitled to recei~Te and (subject to Section 9.01) will be fully protected 111 relying on an Opinion of Counsel stating that such amendment or supplement is authorized by this Trust Agreement. Section 10.08. County's Consent Required. Na amendment or supplement to this Trust Agreement, the Certificates, the Financing Contract or the Deed of J3862v2 33