Orange County NC Website
LV <br />Exhibit B -- Draft Documents <br />(a) A draft dated May 8, 2018, of a Trust Agreement to be dated on or <br />about June 1, 2018 (the "Trust Agreement "), between the County and The Bank of <br />New York Mellon Trust Company, N.A. (the "Trustee "), providing for the advance of <br />funds to the County, for the issuance of limited obligation bonds, for the County's <br />obligation to repay the amounts advanced, and for the County's responsibilities for <br />the use and care of the collateral. <br />(b) A draft dated May 8, 2018, of a Deed of Trust and Security Agreement to <br />be dated on or about June 1, 2018, from the County to a deed of trust trustee for the <br />Trustee's benefit, providing for a security interest in property to secure the County's <br />obligations under the Trust Agreement. <br />(c) A draft of a Bond Purchase Agreement to be dated on or about June 21, <br />2018, providing for the underwriter's obligation to purchase the bonds. The final <br />form of this Agreement will set out the final principal amount, principal payment <br />schedule and interest rates for the bonds, and the other terms and conditions for the <br />underwriter's obligation to purchase the bonds. <br />