Orange County NC Website
34 <br /> the Trustee will withdraw all remaining moneys in the 2019B Proceeds Fund and <br /> deposit those moneys in the Payment Fund. The Trustee will then apply those <br /> moneys to Bond payments as directed by a County Representative. In the absence of <br /> any direction from the County, the Trustee will deposit those moneys in the Interest <br /> Account and use them to pay interest on the 2019B Bonds as the same becomes due. <br /> Section 3.05. Use of Funds and Accounts from 2018 Agreement. The <br /> Trustee is to maintain and administer the Bond Payment Fund (and its principal and <br /> interest accounts) and the Net Proceeds Fund established under the 2018 <br /> Agreement to the same effect and purpose as provided in the 2018 Agreement with <br /> respect to the 2019B Bonds as to the 2018 Bonds and all Bonds generally. <br /> ARTICLE IV <br /> MISCELLANEOUS PROVISIONS <br /> Section 4.01. Notices. <br /> (a) Any communication provided for in this Supplemental Agreement or <br /> the 2019B Bonds must be in writing (not to include facsimile transmission or <br /> electronic mail, except as provided in Section 3.03). <br /> (b) Any communication sent under this Agreement must also be sent to the <br /> County and the Trustee, along with any other parties to which the communication <br /> may be addressed. Any party sending a communication under this Supplemental <br /> Agreement that relates to amendments or defaults must also send a copy to the LGC. <br /> (c) Any communication under this Supplemental Agreement will be <br /> deemed given on the delivery date shown on a United States Postal Service certified <br /> mail receipt, or a delivery receipt (or similar evidence) from a national commercial <br /> package delivery service, if addressed as follows: <br /> (i) if to the County, to Orange County Manager, Re: Notice under 2019B <br /> LOBS Trust Agreement, Post Office Box 8181, Hillsborough, NC 27278 <br /> 9 <br />