Orange County NC Website
(QG <br /> Whenever moneys are to be applied pursuant to the provisions of this Section, such moneys applied at such times, and from time to time, as the Trustee shall determine, ys shall <br /> amount of such moneys available for application and the likelihood of having due regard to the <br /> available for such application in the future, additional moneys becoming <br /> date (which shall a an Interest the Whenever the Trustee shall apply such funds, it shall fix the <br /> such application is be <br /> be Payment Date unless it shall deem another date more suitable)on which <br /> made and upon such date interest on the amounts of principal to be paid on such <br /> dates shall cease to accrue. The Trustee shall give such notice as it may deem appropriate of <br /> with it of any such moneys and of the P the deposit <br /> to the Owner of any Bond until such Bonds presenter such <br /> the and not pe required to make payment <br /> cancellation if fully paid. appropriate endorsement or for <br /> Whenever the principal of, premium, if any, and interest on all of the Bonds have been <br /> under the provisions of this Section 9.10 and all expenses and charges of the Trustee have been Paid <br /> Paid, any <br /> balance remaining in the Funds created hereunder shall, be paid to the Corporation. <br /> [End of Article IX] <br /> 38 <br />