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24 <br /> ARTICLE I <br /> THE 2020 Bonds <br /> Section 1.01. Provision for 2020 Bonds; Advance. (a) The County will <br /> issue, and the Trustee will authenticate and deliver, 2020 Bonds in an aggregate <br /> principal amount of[$45,000,000]. <br /> (b) The County acknowledges that the amount paid to it from the issuance <br /> and sale of the 2020 Bonds is equal to the face amount of the 2020 Bonds (i) <br /> reduced by the amount of a discount for the underwriting of the 2020 Bonds and (ii) <br /> increased by the net original issue premium in the offering of the 2020 Bonds. This <br /> total amount is $ . The County will use the amount paid as provided in <br /> this Supplemental Agreement to pay 2020 Project Costs. <br /> Section 1.02. Bonds Constitute Installment Contracts. Each of the <br /> 2020 Bonds, together with the County's corresponding obligations under the Trust <br /> Agreement and the Deed of Trust, constitutes a separate "installment contract" <br /> within the meaning of Section 160A-20 between the County and the owner of that <br /> Bond. The County's payment obligations, and its other obligations under this <br /> Agreement and with respect to the Bonds, are secured by the lien on the Mortgaged <br /> Property created under the Deed of Trust and by the other security provided for in <br /> the Trust Agreement. <br /> Section 1.03. Agreement Supplements 2018 Agreement; 2020 <br /> Bonds Are Additional Bonds. (a) This Supplemental Agreement is a <br /> "supplemental agreement" for the issuance of Additional Bonds as provided in the <br /> 2018 Agreement, and the 2020 Bonds are "Additional Bonds" as defined in the 2018 <br /> Agreement. <br /> (b) Except as modified by this Supplemental Agreement, all terms of the <br /> Prior Agreement remain in effect and apply with respect to the 2020 Bonds to the <br /> same extent as to all Prior Bonds. The continuing disclosure obligations set out in <br /> Section 4.01 of the First Supplemental Trust Agreement between the County and the <br /> Trustee dated as of May 1, 2019 apply to the County with respect to the 2020 Bonds. <br /> 2 <br />