Browse
Search
2000 S EDC - Approval of Resolution Concerning Revised Documents Governing Orange County Small Business Loan Program
OrangeCountyNC
>
Board of County Commissioners
>
Contracts and Agreements
>
General Contracts and Agreements
>
2000's
>
2000
>
2000 S EDC - Approval of Resolution Concerning Revised Documents Governing Orange County Small Business Loan Program
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/17/2013 10:57:25 AM
Creation date
12/28/2012 4:12:52 PM
Metadata
Fields
Template:
BOCC
Date
3/21/2000
Meeting Type
Regular Meeting
Document Type
Agreement
Agenda Item
5a
Document Relationships
Agenda - 03-21-2000-5a
(Linked To)
Path:
\Board of County Commissioners\BOCC Agendas\2000's\2000\Agenda - 03-21-2000
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
39
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
13 <br /> ExWbit A—Deflniflons <br /> For all purposes of this Support Agreement, the following terms shall have the <br /> following meanings, unless the context clearly requires otherwise: <br /> "Administrative Expenses" means all of the Company's general and office <br /> expenses of operation and of administration of the Loan Program, for such things as <br /> office supplies and equipment,utilities,insurance, and banking and professional fees. <br /> "Banks" means those financial institutions that are parties to the Loan Agreement <br /> with the Company and the County. <br /> "Business Day" means any day on which banks in North Carolina are not by law <br /> authorized or required to remain closed. <br /> "Company Loan Loss Account"means the bank account or accounts owned by the <br /> Company to which the Company directs the County to pay over amounts from the Loan <br /> Loss Reserve upon a Loan Loss. - <br /> "County Board" means the County's governing Board of Commissioners, or any <br /> successor to its functions, as from time to time constituted. <br /> "Fiscal Year" means the County's fiscal year beginning July 1, or such other fiscal <br /> year as the County may later lawfully establish. <br /> "Event of Default" means any party's breaching or failing to perform or observe any <br /> term, condition or covenant of this Support Agreement on its part to be observed or <br /> performed for a period of 45 days after written notice specifying such failure and requesting <br /> that it be remedied shall have been given to the defaulting party by the non defaulting party, <br /> unless the non-defaulting party shall agree in writing to an extension of such time prior to its <br /> expiration. <br /> "Governing Documents" means the Company's *Articles of Incorporation and <br /> bylaws, the Loan Agreement and this Support Agreement, and any resolution or other <br /> corporate proceeding adopted at the County's request or authorizing any of the foregoing. <br /> "Guidelines" means the guidelines for the Loan Progmm finally approved by the <br /> County Board by resolution adopted 91 2000, as the County Board may <br /> duly amend the same from time to time. <br /> "Loan Agreement" means the Loan Agreement dated as of March 2000, <br /> among the Company, the County and certain financial institutions providing for loans to <br /> the Company for the Loan Program. <br /> 8 <br />
The URL can be used to link to this page
Your browser does not support the video tag.