Orange County NC Website
64 <br /> (p) If between the date of this Bond Purchase Agreement and the date 25 days <br /> after the "end of the underwriting period" for the Bonds, as defined in the Rule, any event occurs <br /> which might or would cause the Official Statement to contain any untrue statement of a material <br /> fact or to omit to state a material fact required to be stated therein or necessary to make the <br /> statements therein, in the light of the circumstances under which they were made, not <br /> misleading, the County shall promptly provide written notice to the Underwriters thereof, and if, <br /> in the opinion of the County or the Underwriters, such event requires the preparation and <br /> publication of a supplement or amendment to the Official Statement, the County shall at its <br /> expense supplement or amend the Official Statement in a form and in a manner approved by the <br /> Underwriters. For purposes of this Bond Purchase Agreement, the "end of the underwriting <br /> period" shall be deemed to be the Closing Date (as hereinafter defined), unless the Underwriters <br /> shall have notified the County to the contrary on or before the Closing Date. <br /> (q) If the Official Statement is supplemented or amended pursuant to <br /> subsection (p) of this Section, at the time of each supplement or amendment thereto and (unless <br /> subsequently again supplemented or amended pursuant to such subsection) at all times <br /> subsequent thereto up to and including the Closing Date, the County shall take all steps <br /> necessary to ensure that the Official Statement as so supplemented or amended will not contain <br /> any untrue statement of a material fact or omit to state a material fact necessary to make the <br /> statements therein, in the light of the circumstances under which they were made, not <br /> misleading. <br /> (r) The information in the Preliminary Official Statement (excluding <br /> therefrom the information under the captions "INTRODUCTION — Book-Entry Only" and <br /> "UNDERWRITING" and in Appendix E, as to which no representations or warranties are <br /> made), including its attachments and appendices, at the time of acceptance hereof is correct in all <br /> material respects, and such Preliminary Official Statement does not contain any untrue statement <br /> of a material fact or omit to state a material fact required to be stated therein or necessary to <br /> make the statements made therein, in the light of the circumstances under which they were made, <br /> not misleading; and the information in the Official Statement (excluding therefrom the <br /> information under the captions "INTRODUCTION — Book-Entry Only" and <br /> "UNDERWRITING" and in Appendix E, as to which no representations or warranties are made) <br /> as of its date and as of the Closing Date, will be true and correct and will not contain any untrue <br /> statement of a material fact or omit to state a material fact required to be stated therein or <br /> necessary to make the statements made therein, in the light of the circumstances under which <br /> they were made, not misleading. <br /> (s) Between the date hereof and the Closing, the County shall not, without the <br /> prior written consent of the Underwriters, offer or issue in any material amount any bonds, notes <br /> or other obligations for borrowed money, or incur any material liabilities, direct or contingent, <br /> except in the course of normal business operations of the County or except for such borrowings <br /> as may be described in or contemplated by the Official Statement. <br /> (t) Except as described in the Official Statement, during the last five years, <br /> the County has not failed to materially comply with any previous undertaking relating to <br /> continuing disclosure of information pursuant to Rule 15c2-12. <br /> -8- <br />