Orange County NC Website
Browse       Search
(c) to subject to this Agreement additional collateral or to add other <br /> agreements of the County, including the addition of real estate or other collateral to <br /> be subject to the lien of this Agreement or the Deed of Trust <br /> (d) to permit the qualification of this Agreement under any federal or state <br /> statute, whenever enacted, and, in that connection, to add to this Agreement or any <br /> other supplemental trust agreement any other terms, conditions and provisions as <br /> may be permitted or required by the federal or state statute <br /> (e) to provide for the issuance of Additional Bonds as otherwise permitted <br /> by this Agreement <br /> (f) to provide for Bonds to be issued or exchanged for Bonds in any other <br /> form or format at that time permitted by law <br /> (g) to evidence the succession of a new Trustee, or to provide for the <br /> appointment and operation of a Bond registrar separate from the Trustee <br /> (h) to make any other change that does not materially adversely affect the <br /> rights of any Owner <br /> The Trustee may conclusively rely on a County Certificate to the effect that a <br /> proffered amendment or supplement is within the scope of this Section 13.01. <br /> At least five Business Days prior to its execution and delivery of any <br /> supplemental agreement or instrument for any of the purposes described in this <br /> Section, the Trustee shall provide for a notice of the proposed agreement or <br /> instrument to be mailed first-class, postage prepaid, to the LGC and to all Owners of <br /> Bonds at the addresses shown in the register maintained pursuant to Section 14.05. <br /> The notice must briefly set forth the nature of the proposed agreement or <br /> instrument, or include a copy, and state that copies of the proposed agreement or <br /> instrument are available to all Owners of Bonds upon written request to the County <br /> or the Trustee at addresses stated in the notice. <br /> The County must pay the expenses of any mailing and copies required under <br /> this Section. A failure on the Trustee's part to mail the notice required by this <br /> Section will not affect the validity of any supplemental agreement or instrument. <br /> 48 <br />