reconvene regular meeting: 7:00 pm - Irvine Unified School District

payments to be made thereon by the Trustee shall be made solely from funds held by the Trustee
under this Trust Agreement.
Section 8.05. Notices to Moody’s Investors Service. The Trustee shall notify
Moody’s Investors Service, in writing, upon occurrence of any of the following events: (i) any
amendment, supplement or other change to the Trust Agreement from the form originally
executed and entered into as of ________ 1, 2010; and (ii) any amendment, supplement or other
change to any Note Resolution (that the Trustee is aware of); provided, however, that the Trustee
shall incur no liability for failure to so notify.
ARTICLE IX
AMENDMENT OF OR SUPPLEMENT TO THE TRUST AGREEMENT
Section 9.01. Amendment or Supplement of Trust Agreement. The Trust
Agreement and the rights and obligations of the Owners and the Trustee hereunder may be
amended or supplemented at any time by an amendment hereof or supplement hereto which shall
become binding when the written consents of the Owners of a majority in aggregate principal
amount of the Note Participations then Outstanding, exclusive of Note Participations disqualified
as provided in Section 9.02, are filed with the Trustee. No such amendment or supplement shall
(1) reduce the rate of interest evidenced and represented by any Note Participation or extend the
Interest Payment Date or reduce the amount of principal evidenced and represented by any Note
Participation or extend the Principal Payment Date thereof without the prior written consent of
the Owner of the Note Participation so affected, or (2) reduce the percentage of Owners whose
consent is required by the terms of this Trust Agreement for the execution of certain amendments
hereof or supplements hereto, or (3) modify any of the rights or obligations of the Trustee
without its prior written consent thereto.
The Trust Agreement and the rights and obligations of the Owners and the
Trustee hereunder may also be amended or supplemented at any time by an amendment hereof or
supplement hereto which shall become binding upon execution without the written consents of
any Owners in order to make any modifications or changes necessary or appropriate in the
Opinion of Counsel to preserve or protect the exclusion from gross income of interest on the
Notes for federal income tax purposes, or, but only to the extent that such amendment shall not
materially adversely affect the interests of the Owners, for any purpose including, without
limitation, one or more of the following purposes:
(a) to add to the agreements, conditions, covenants and terms contained herein
required to be observed or performed by the Districts other agreements, conditions,
covenants and terms thereafter to be observed or performed by the Districts, or to
surrender any right reserved herein to or conferred herein on the Districts;
(b) to make such provisions for the purpose of curing any ambiguity or of
correcting, curing or supplementing any defective provision contained herein or in regard
to questions arising hereunder which any District may deem desirable or necessary; or
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