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19. Limited Power to Amend.
 
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19. Limited Power to Amend.

  • (a) Except as provided in this Paragraph 19, this Agreement may be amended, altered or modified at any time or from time to time by a written amendment executed by the Institution and the Trustee.
  • (b) In the event that an amendment affects the rights or obligations of any income beneficiary hereunder, such amendment shall not become effective until the first day of the calendar month following sixty days after a copy of such amendment shall have been mailed to each such beneficiary. If such income beneficiary shall file with the Trustee a notice in writing objecting to such amendment, and if such notice is received by the Trustee at least five days prior to the effective date of the amendment, such amendment shall be void.
  • (c) Notwithstanding any other provisions of this paragraph, no amendment shall be made which affects the irrevocable remainder interest granted to the Institution in all property held in the Pool or which

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    otherwise affects the qualification of the Pool as a "Pooled Income Fund" within the meaning of § 642 of the Internal Revenue Code of 1954 or corresponding provision of any subsequent Federal tax law and the Institution shall have the power to amend this Agreement for the purpose of preserving such qualification without reference to the limitations set forth in subparagraph (b) of this Paragraph 19.