OTHER-2021-022 Trust Agreement - Laserfiche WebLink

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THIS AGREEMENT (this "Agreement") is dated as of June 1, 2021, is between ORANGE COUNTY, NORTH CAROLINA, a North Carolina political subdivision (the "County"), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association having an office in Jacksonville, Florida, as trustee (the "Trustee"), and relates to the issuance of [$45,000,000] aggregate amount Limited Obligation Bonds (the "2021 Bonds"). Introduction The County is issuing bonds pursuant to this Agreement to provide funds to be used, together with other available funds, on a project (the "Project") (a) to acquire, construct, and equip various public facilities, assets and improvements, (b) to refinance existing County obligations, and (c) to pay financing costs, all as described in Exhibit A. In accordance with the County's authority under Section 160A-20 of the North Carolina General Statutes, the, the County will secure its obligations under this Agreement and the Bonds by a security interest in the Pledged Facilities and the Pledged Sites (each as defined in Exhibit B). This Agreement provides for the issuance of the bonds, the County's obligation to pay the bonds, the security for the bonds, the County's obligation to care for the collateral and other related matters. Unless the context clearly requires otherwise, capitalized terms used in this Agreement and not otherwise defined have the meanings set forth in Exhibit B. NOW, THEREFORE, for and in consideration of the mutual promises and covenants contained in this Agreement, the parties agree as follows: ARTICLE I THEBONDS Section 1.01. Provision for 2021 Bonds; Advance. (a) The County will issue, and the Trustee will authenticate and deliver, 2021 Bonds in an aggregate principal amount of [$45,000,000], consisting of two separate series as follows: 2