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Section 7.10 Waivers of Events of Default. The Trustee shall waive any Event of Default
hereunder and its consequences and may rescind and annul any declaration of maturity of principal of or
interest on, the Bonds upon the written request of:
(a) the Majority of the Holders of the Bonds in respect of which an Event of Default in the
payment of Bond Debt Service Charges exists; or
(b) the Holders of at least 25% in aggregate principal amount of all Bonds then Outstanding,
in the case of any other Event of Default.
There shall not be so waived, however, any Event of Default described in Section 7.01(a) or (b)
hereof, nor shall any declaration of acceleration in connection therewith be rescinded or annulled, unless,
at the time of that waiver or rescission and annulment, payments of the amounts provided in Section 7.03
hereof for waiver and rescission and annulment in connection with acceleration of maturity have been made
or provision has been made therefor. In the case of the waiver or rescission and annulment, or in case any
suit, action or proceedings taken by the Trustee on account of any Event of Default shall have been
discontinued, abandoned or determined adversely to it, the Issuer, the Trustee and the Holders shall be
restored to their former positions and rights hereunder, respectively. No waiver or rescission shall extend
to any subsequent or other Event of Default or impair any right consequent thereon.
ARTICLE VIII
SUPPLEMENTAL INDENTURES
Section 8.01 Supplemental Indentures Generally. The Issuer and the Trustee may enter into
indentures supplemental to this Indenture, as provided in this Article and pursuant to the other provisions
therefor in this Indenture. The Trustee shall deliver copies of all Supplemental Indentures to the Borrower,
the Federal Investor Limited Partner, and the State Investor Limited Partner. Any subsequent amendment
to this Indenture or the Loan Agreement is subject to prior written approval of HUD (so long as the Project
is subject to a mortgage insured or held by HUD). No amendment to this Indenture or the Loan Agreement
shall conflict with the provisions of the Program Obligations.
Section 8.02 Supplemental Indentures Not Requiring Consent of Holders. Without the
written consent of, or notice to, any of the Holders, the Issuer and the Trustee may enter into indentures
supplemental to this Indenture for any one or more of the following purposes:
(a) To cure any ambiguity, inconsistency or formal defect or omission in this Indenture;
(b) To grant to or confer upon the Trustee for the benefit of the Holders any additional rights,
remedies, powers or authority that lawfully may be granted to or conferred upon the Holders or the Trustee;
(c) To assign additional revenues under this Indenture;
(d) To accept additional security and instruments and documents of further assurance with
respect to the Project;
(e) To add to the covenants, agreements and obligations of the Issuer under this Indenture,
other covenants, agreements and obligations to be observed for the protection of the Holders, or to surrender
or limit any right, power or authority reserved to or conferred upon the Issuer in this Indenture;
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