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Section 14. METHOD OF AMENDMENT. The City hereby reserves the right to amend <br />this Ordinance subject to the following terms and conditions, to -wit: <br />(a) The City may from time to time, without the consent of any holder, except as <br />otherwise required by paragraph (b) below, amend or supplement this Ordinance in order to (i) <br />cure any ambiguity, defect or omission in this Ordinance that does not materially adversely affect <br />the interests of the holders, (ii) grant additional rights or security for the benefit of the holders, (iii) <br />add events of default as shall not be inconsistent with the provisions of this Ordinance and that <br />shall not materially adversely affect the interests of the holders, (iv) qualify this Ordinance under <br />the Trust Indenture Act of 1939, as amended, or corresponding provisions of federal laws from <br />time to time in effect, or (v) make such other provisions in regard to matters or questions arising <br />under this Ordinance as shall not be inconsistent with the provisions of this Ordinance and that <br />shall not in the opinion of the City's Bond Counsel materially adversely affect the interests of the <br />holders. <br />(b) Except as provided in paragraph (a) above, the holders of Certificates aggregating <br />a majority of the aggregate principal amount of then outstanding Certificates that are the subject <br />of a proposed amendment shall have the right from time to time to approve any amendment hereto <br />that may be deemed necessary or desirable by the City; provided, however, that without the consent <br />of 100% of the holders in aggregate principal amount of the then outstanding Certificates, nothing <br />herein contained shall permit or be construed to permit amendment of the terms and conditions of <br />this Ordinance or in any of the Certificates so as to: <br />(1) Make any change in the maturity of any of the outstanding Certificates; <br />(2) Reduce the rate of interest borne by any of the outstanding Certificates; <br />(3) Reduce the amount of the principal of, or redemption premium, if any, <br />payable on any outstanding Certificates; <br />(4) Modify the terms of payment of principal or of interest or redemption <br />premium on outstanding Certificates or any of them or impose any <br />condition with respect to such payment; or <br />(5) Change the minimum percentage of the principal amount of any series of <br />Certificates necessary for consent to such amendment. <br />(c) If at any time the City shall desire to amend this Ordinance under subsection (b) of <br />this Section, the City shall send by U.S. mail to each registered owner of the affected Certificates <br />a copy of the proposed amendment. <br />(d) Whenever at any time within one year from the date of mailing of such notice the <br />City shall receive an instrument or instruments executed by the holders of at least a majority in <br />aggregate principal amount of all of the Certificates then outstanding that are required for the <br />amendment, which instrument or instruments shall refer to the proposed amendment and that shall <br />specifically consent to and approve such amendment, the City may adopt the amendment in <br />substantially the same form. <br />(e) Upon the adoption of any amendatory Ordinance pursuant to the provisions of this <br />Section, this Ordinance shall be deemed to be modified and amended in accordance with such <br />18 <br />