NYC 9/11 Public Portal Document
Requirements of Credit Facility
Any Credit Facility must provide money at the times and in the amounts specified under the
heading “Credit Facility”. No Credit Facility shall be amended without the consent of the Tender Agent. The
Tender Agent shall not consent to any such amendment of a Credit Facility that, in the reasonable judgment of
the Tender Agent, would adversely affect the interests of any of the Bondholders, unless such amendment shall
not become effective until after the date on which there is a mandatory tender of the applicable Subseries of the
2008 Series BB Bonds. For the purposes of this section an “amendment” of a Credit Facility shall not include
an extension of such Credit Facility, a change in the fees charged in connection with the provision of such
Credit Facility or any modification of such Credit Facility pursuant to subsection (b)(ii)(E) under the heading
“Determination of Rate Mode”. The Authority shall give notice of the amendment, appointment, termination,
extension, modification or substitution of any Credit Facility to each of Moody’s, Fitch and S&P. For the
purposes of this section, the Trustee shall be entitled to rely upon an opinion of counsel, which counsel shall be
satisfactory to the Trustee, with respect to whether any amendment adversely affects the interests of any of the
Holders of Bonds then Outstanding in any material respect.
Transfer of Credit Facility
The Tender Agent shall, on or prior to the effective date of its resignation or removal pursuant
to the provisions of this Exhibit B to Supplemental Resolution No. 48, cause the transfer of a Credit Facility in
accordance with its terms to the successor Tender Agent.
OHS East: 160308250.3
43065-1 B-26
NYC-WTC_000153914
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