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amount of the principal thereof, or reduce any premium payable on the redemption thereof, <br />without the consent of the holder of each bond so affected; or <br />(2) Reduce the aforesaid percentage of bondholders required to approve any <br />such supplemental ordinance, without the consent of the holders of all of the Parity Bonds then <br />outstanding. <br />It shall not be necessary for the consent of bondholders under this subsection (b) to <br />approve the particular form of any proposed supplemental ordinance, but it shall be sufficient if <br />such consent shall approve the substance thereof. <br />For the purpose of consenting to amendments under this Section 18(b) except for <br />amendments that alter the interest rate on any Parity Bonds, the maturity date, interest payment <br />dates, purchase upon tender or redemption of any Parity Bonds, the issuer of a Credit Facility <br />shall be deemed to be the sole Registered Owner of the Parity Bonds that are payable from such <br />Credit Facility and that are then outstanding. <br />(c) Upon the passage of any supplemental ordinance pursuant to the provisions of this <br />section, this ordinance shall be deemed to be modified and amended in accordance therewith, <br />and the respective rights, duties and obligations of the City under this ordinance and all holders <br />of Parity Bonds outstanding hereunder shall thereafter be determined, exercised and enforced <br />thereunder, subject in all respects to such modification and amendments, and all terms and <br />conditions of any such supplemental ordinance shall be deemed to be part of the terms and <br />conditions of this ordinance for any and all purposes. <br />(d) Parity Bonds executed and delivered after the execution of any supplemental <br />ordinance passed pursuant to the provisions of this section may have a notation as to any matter <br />provided for in such supplemental ordinance, and if such supplemental ordinance shall so <br />-60- <br />506242089.1 <br />