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RES-2007-037 Resolution Providing Final Approval for County Installment Financing
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RES-2007-037 Resolution Providing Final Approval for County Installment Financing
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Last modified
8/3/2012 9:37:52 AM
Creation date
5/20/2010 8:46:10 AM
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BOCC
Date
5/3/2007
Meeting Type
Regular Meeting
Document Type
Resolution
Agenda Item
5a
Document Relationships
Agenda - 05-03-2007-5a
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Path:
\Board of County Commissioners\BOCC Agendas\2000's\2007\Agenda - 05-03-2007
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zs <br />(i) If intended for the County, addressed to it at the following <br />address: Orange County, Attention: Finance Director, Re: Notice under <br />2007 SunTrust Installment Financing Contract, Post Office Box 8181, <br />Hillsborough, North Carolina 27278. <br />(ii) If intended for SunTrust, addressed to it at the following <br />address: SunTrust Leasing Corporation, Attention: , Re: <br />Notice under 2007 Installment Financing Contract with Orange County, <br />North Carolina, [address/city/state]. <br />(c) Any addressee may designate additional or different addresses .for <br />communications by notice given under this Section to each of the others. <br />13.3. Non-Business Days. If the date for making any payment or the last <br />day for performance of any act or the exercising of any right will not be a Business <br />Day, such payment may be made or act performed or right exercised on or before <br />the next succeeding Business Day. <br />13.4. Governing Law. The parties intend that North Carolina law will <br />govern this Contract. To the extent permitted by law, the parties agree that any <br />action brought with respect to this Contract will be brought in the North Carolina <br />General Court of Justice in Orange County, North Carolina. <br />13.5. Severability. If any provision of this Contract is determined to be <br />unenforceable, that will not affect any other provision of this Contract. <br />13.6. Amendments. This Contract may not be modified or amended unless <br />such amendment is in writing and signed by the County and SunTrust. <br />13.7. Binding Effect. Subject to the specific provisions of this Contract, <br />this Contract will be binding upon and inure to the benefit of and be enforceable by <br />the parties and their respective successors and assigns. <br />13.8. Third-Party Beneficiaries. There are no parties intended to be or <br />which shall be deemed to be third-party beneficiaries of this Contract. <br />13.9. Time. Time is of the essence of this Contract and each and all of its <br />provisions. <br />13.10. Limitation on Liability of Officers and Agents. No officer, agent or <br />employee of the County, of the LGC or SunTrust will be subject to any personal <br />97562v1 - - 28 ' <br />
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