Agenda - 03-02-2006-8bCP - Laserfiche WebLink

Browse Search

RBH Draft No. 3/Februai~= 23, 2006 CONTRACT OF PURCHASE April 13, 200b Orange County Public Facilities Company Hillsborough, North Carolina $ j~na.ountJ Certificates ofParticipation (Orange County Public Ir~aprovetnent Projects), Series 2006A In Certain Payments to be Made Under an Installment Financing Contract by URAl'~jGE CC~U!'~jTY. I~~URTH CAROLIl'~jA Ladies and Gentlemen: The undersigned Banc of America Securities LLC and Siebert Brandford Shank & Co., LLC {collectively, the "Underwriters") offer to enter into this Contract of Purchase (this "Purchase Contract") with Orange County Public Facilities Company (the "Company") for the purchase and sale by the Underwriters of the Certificates of Participation (Orange County Public Improvement Projects), Series 2QO6A (the " 2006A Certificates"), evidencing interests in certain payments to be made under an Installment Financing Contract dated as of April 1, 20Q6 (the "Financing Contract"), between the Company and Orange County, North Carolina {the "County"). This offer is made subject to the terms and provisions of this Purchase Contract and satisfaction of each of the following conditions (i) acceptance by the Company and {ii) delivery to the Underwriters of a Letter of Representation dated the date hereof in the form attached hereto as Exhibit A and duly executed by the County (the "Letter of Representation"). Upon satisfaction of the foregoing conditions, this Purchase Contract will be in full force and effect in accordance with its terms and will be binding on the Company and the Underwriters. If the foregoing conditions are not satisfied as provided abo~~e, this offer is subject to withdrawal by the Underwriters upon written notice delivered to the Company at any time prior to acceptance. This ofTer is made subject to your acceptance of this Purchase Contract on or before noon on April 13, 2006.