Orange County NC Website
Browse       Search
Exhibit A -- Definitions; Rules of Construction • <br />Definitions. All capitalized terms used in this Trust Agreement and not otherwise <br />defined will have the meanings ascribed thereto in the Financing Contract. In addition, <br />for all purposes of this Trust Agreement, unless the context requires otherwise, the <br />following terms will have the following meanings. <br />"2010 Bonds" means [$85,000,000] Limited Obligation Bonds, Series 2010, <br />issued pursuant to this Trust Agreement <br />"Additional Bonds" means any Bonds delivered pursuant to Section 1.05. <br />"Appropriate Consultant" has the meaning assigned in the Financing Contract. <br />"Bonds" means, together, the 2010 Bonds and all Additional Bonds. <br />"Business Day" means any day (a) other than a day on which banks in New York, <br />New York, or the city to which notices to the Trustee under this Agreement are to be <br />sent, are required or authorized to close and (b) on which the New York Stock Exchange <br />is not closed. <br />"Code" means the Internal Revenue Code of 1986, as amended, including • <br />regulations, rulings and revenue procedures promulgated thereunder or under the Internal <br />Revenue Code of 1954, as amended, as applicable to the Bonds. Reference to any <br />specific Code provision will be deemed to include any successor provisions. <br />"Company Representative" means the Company's President or any other person at <br />the time designated to act on the Company's behalf in matters related to this Trust <br />Agreement (or for any specific matters) by a written instrument furnished to the Trustee <br />containing the specimen signature of such person and signed on the Company's behalf by <br />any of its officers (other than the person being designated as a Company Representative). <br />"County" means Orange County, North Carolina, or its successors. <br />"Deed of Trust" means the Deed of Trust and Security Agreement dated as of <br />December 1, 2010, from the County to a deed of trust trustee for the Company's benefit, <br />as it may be duly amended or supplemented. <br />"DTC" means The Depository Trust Company, New York, New York, or its <br />successors as the securities depository maintaining abook-entry system for recording <br />beneficial ownership interests in the Bonds <br />"Event of Default" has the meaning set forth in Section 8.01. • <br />33 <br />