Orange County NC Website
Section 13.08. LGC's Consent Required. No amendment or supplement to <br /> this Agreement, the Deed of Trust or the Bonds will become effective unless the LGC <br /> delivers to the County and the Trustee its prior written consent to the amendment <br /> or supplement. <br /> Section 13.09. Notice of Amendments and Supplements. The Trustee <br /> must cause notice of the execution of any supplement or amendment to this <br /> Agreement or the Bonds to be mailed to the Owners. The notice will, at the Trustee's <br /> option, either (a) briefly state the nature of the amendment or supplement and that <br /> copies of it are on file with the Trustee for inspection by Owners, or (b) enclose a <br /> copy of the amendment or supplement. The County must pay the expenses of any <br /> mailing and copies required under this Section. Any failure on the Trustee's part to <br /> mail the notice required by this Section will not affect the validity of any <br /> supplemental agreement. <br /> Section 13.10. Notation on or Exchange of Bonds. If an amendment or <br /> supplement changes the terms of a Bond, the Trustee may require the Owner of that <br /> Bond to deliver it to the Trustee. The Trustee may place an appropriate notation on <br /> the Bond about the changed terms and return it to the Owner. Alternatively, if the <br /> Trustee and the County agree, in exchange for the Bond the County will execute, and <br /> the Trustee will authenticate and deliver, a new Bond that reflects the changed <br /> terms. <br /> ARTICLE XIV <br /> PROVISIONS FOR THE FORM, <br /> REGISTRATION AND EXCHANGE OF BONDS <br /> Section 14.01. Form and Details of Bonds. Each Series of Bonds will be <br /> dated the date of the initial delivery of those Bonds to their initial purchaser. The <br /> Bonds will be issuable only as fully registered Bonds in a minimum denomination of <br /> $5,000 and integral multiples of $5,000 above the minimum. Each Bond will be <br /> payable as to interest (a) from its date, if that Bond is authenticated prior to the <br /> Record Date preceding its first Payment Date, (b) from the succeeding Payment <br /> Date, if that Bond is authenticated between a Record Date and the succeeding <br /> Payment Date, or (c) otherwise from the Payment Date that is, or immediately <br /> precedes, the date on which that Bond is authenticated; provided, however, that if at <br /> the time of authentication of a Bond any payment of interest on that Bond is in <br /> 52 <br />