Orange County NC Website
or (iii) is not reflected in the Official Statement but should be reflected therein in order to <br />make the statements and information contained therein, under the circumstances in «~hich <br />they were made, not materially misleading; <br />(c) in the reasonable judgment of the Underwriters, the market price or <br />marketability of the 2006A Certificates or the ability of the Underwriters to enforce <br />contracts for the sale of 2006A Certificates shall have been materially adversely affected <br />by an amendment of or supplement to the Official Statement; <br />{d) there shall have occurred any outbreak of hostilities or other local, national <br />or international calamity or crisis, or a default with respect to the debt obligations of, or <br />the institution of proceedings under the federal bankruptcy laws by or against, the <br />County, any state of the United States or agency thereof, or any county or city located in <br />the United States having a population of over one million persons, the effect of which on <br />the financial markets of the United States will be such as, in the reasonable judgment of <br />the Underwriters, makes it impracticable for the Underwriters to market the 2006A <br />Certificates or enforce contracts for the sale of the 200&A Certificates; <br />{e) there shall have occurred and be in force a general suspension of trading <br />on the New York Stock Exchange or other national securities exchange, or minimum or <br />maximum prices for trading shall have been fixed and be in force, or maximum ranges <br />for prices for securities shall have been required and be in force on the New York Stock <br />Exchange or other national securities exchange, «~hether by virtue of a deteY7nination by <br />any such exchange or by order of the Securities and Exchange Commission or any other <br />governmental authority having jurisdiction; <br />(f) a general banking moratorium shall have been declared by federal, State of <br />North Carolina or State of New Y"ork authorities having jurisdiction and be in force; <br />(g) there shall occur any material adverse change in the affairs of the County <br />or the Company that is not disclosed in the Official Statement.; <br />(h) there shall be established any new restriction on transactions in securities <br />materially affecting the free market for securities (including the imposition of any <br />limitation on interest rates} or the extension of credit by, or the charge to the net capital <br />requirements of underwriters established by the New York Stock Exchange, the <br />Securities and Exchange Commission, any other federal or state agency or the Congress <br />of the United States, or by Executive Order; or <br />{i) a decision of any federal or state court or a ruling or regulation (final, <br />temporary or proposed) of the Securities and Exchange Commission or other <br />governmental agency shall have been made or issued that would (i) make the 2006A <br />Certificates, or securities similar to the 2006A Certificates subject to the registration <br />requirements of the Securities Act of 1933, as amended, or {ii) require the qualification of <br />an indenture in respect of the 2006A Certificates or any such securities under the Trust <br />Indenture Act of 1939, as amended. <br /> <br />