Browse
Search
OTHER-2021-022 Trust Agreement
OrangeCountyNC
>
Board of County Commissioners
>
Various Documents
>
2020 - 2029
>
2021
>
OTHER-2021-022 Trust Agreement
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/27/2021 3:01:03 PM
Creation date
8/27/2021 2:57:43 PM
Metadata
Fields
Template:
BOCC
Date
5/18/2021
Meeting Type
Business
Document Type
Others
Agenda Item
8-e
Document Relationships
Agenda - 05-18-2021; 8-e - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various CIP Projects and To Refinance Existing County Obligations
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2021\Agenda - 05-18-2021 Virtual Business Meeting
Agenda for May 18, 2021 Board Meeting
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2021\Agenda - 05-18-2021 Virtual Business Meeting
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
82
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
consistent with Rule 15c2-12 of the Securities and Exchange Commission <br /> promulgated under the Securities Exchange Act of 1934, as amended. <br /> As used above, the "final Official Statement" means the Official Statement <br /> dated June , 2021, that the County has approved and authorized for use in <br /> connection with the offering and sale of the 2021 Bonds. <br /> For the purposes of the events identified in subparagraph (c)(12) above, the <br /> event is considered to occur when any of the following occurs: the appointment of a <br /> receiver, fiscal agent or similar officer for an Obligated Person in a proceeding under <br /> the U.S. Bankruptcy Code or in any other proceeding under state or federal law in <br /> which a court or governmental authority has assumed jurisdiction over <br /> substantially all of the assets or business of the Obligated Person, or if such <br /> jurisdiction has been assumed by leaving the existing governing body and officials <br /> or officers in possession but subject to the supervision and orders of a court or <br /> governmental authority, or the entry of an order confirming a plan of <br /> reorganization, arrangement or liquidation by a court or governmental authority <br /> having supervision or jurisdiction over substantially all of the assets or business of <br /> the Obligated Person. <br /> If the County fails to comply with the undertaking described above, the <br /> Trustee may take action to protect and enforce the rights of all the beneficial owners <br /> of the 2021 Bonds with respect to such undertaking, including an action for specific <br /> performance; provided, however, that failure to comply with such undertaking will <br /> not be an Event of Default and will not result in any acceleration of payment of the <br /> 2021 Bonds. All actions will be instituted, had and maintained in the manner <br /> provided in this paragraph for the benefit of all beneficial owners of the 2021 Bonds. <br /> The County must provide the documents and other information referred to <br /> above to the MSRB in an electronic format as prescribed by the MSRB and <br /> accompanied by identifying information as prescribed by the MSRB. <br /> The County may discharge its undertaking as set forth in this Section by <br /> providing such information in any manner that the United States Securities and <br /> Exchange Commission subsequently authorizes in lieu of the manner described <br /> above. <br /> 30 <br />
The URL can be used to link to this page
Your browser does not support the video tag.