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(3) Reduce the amount of the principal of, or redemption premium, if any, <br /> payable on any outstanding Bonds; <br /> (4) Modify the terms of payment of principal or of interest or redemption <br /> premium on outstanding Bonds or any of them or impose any condition with respect <br /> to such payment; or <br /> (5) Change the minimum percentage of the principal amount of any series of <br /> Bonds necessary for consent to such amendment. <br /> (c) If at any time the City shall desire to amend this Ordinance under this Section,the City <br /> shall send by U.S. mail to each registered owner of the affected Bonds a copy of the proposed <br /> amendment and cause notice of the proposed amendment to be published at least once in a financial <br /> publication published in The City of New York,New York or in the State of Texas. Such published <br /> notice shall briefly set forth the nature of the proposed amendment and shall state that a copy thereof <br /> is on file at the office of the City for inspection by all holders of such Bonds. <br /> (d) Whenever at any time within one year from the date of publication of such notice the <br /> City shall receive an instrument or instruments executed by the holders of at least 51%in aggregate <br /> principal amount of all of the Bonds then outstanding that are required for the amendment, which <br /> instrument or instruments shall refer to the proposed amendment and that shall specifically consent <br /> to and approve such amendment,the City may adopt the amendment in 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 /> amendatory Ordinance, and the respective rights,duties,and obligations of the City and all holders <br /> of such affected Bonds shall thereafter be determined,exercised,and enforced,subject in all respects <br /> to such amendment. <br /> (1) Any consent given by the holder of a Bond pursuant to the provisions of this Section <br /> shall be irrevocable for a period of six months from the date of the publication of the notice provided <br /> for in this Section, and shall be conclusive and binding upon all future holders of the same Bond <br /> during such period. Such consent may be revoked at any time after six months from the date of the <br /> publication of said notice by the holder who gave such consent,or by a successor in title, by filing <br /> notice with the City, but such revocation shall not be effective if the holders of 51% in aggregate <br /> principal amount of the affected Bonds then outstanding, have, prior to the attempted revocation, <br /> consented to and approved the amendment. <br /> Section 17. DEFAULT AND REMEDIES.(a) Events of Default. Each of the following <br /> occurrences or events for the purpose of this Ordinance is hereby declared to be an Event of Default: <br /> (i) the failure to make payment of the principal of or interest on any of the Bonds <br /> when the same becomes due and payable; or <br /> 30 <br /> SenMertoa\GOB201 e.ommen«co <br />