Orange County NC Website
(b) A draft dated April 30, 2015, of a Deed of Trust and Security Agreement to be dated <br /> on or about June 1, 2015, from the County to a deed of trust trustee for the Company's benefit, <br /> providing for a security interest in the Gravelly Hill Middle School property to secure the <br /> County's obligations under the Financing Contract. <br /> (c) A draft dated April 30, 2015, of a Trust Agreement to be dated on or about June 1, <br /> 2015, between the Company and a Trustee, providing for the issuance of limited obligation <br /> bonds to generate funds for the advance to the County under the Financing Contract. The bonds <br /> are payable from amounts paid by the County under the Financing Contract. <br /> (d) A draft dated April 30, 2015, of an Escrow Agreement to be dated on or about June <br /> 1, 2015, between the County and the Trustee, providing for the safekeeping and investment of <br /> bond proceeds until the proceeds can be applied to the payment of existing obligations. <br /> (e) A draft of a Bond Purchase Agreement to be dated on or about June 15, 2015, <br /> providing for the underwriter's obligation to purchase the bonds. The final form of this <br /> Agreement will set out the final principal amount, principal payment schedule and interest rates <br /> for the bonds, and the other terms and conditions for the underwriter's obligation to purchase the <br /> bonds. <br /> 6 <br />