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OTHER-2021-022 Trust Agreement
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OTHER-2021-022 Trust Agreement
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Last modified
8/27/2021 3:01:03 PM
Creation date
8/27/2021 2:57:43 PM
Metadata
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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
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County's obligations (A) under the Trust Agreement as amended or supplemented <br /> or (B) with respect to the Additional Bonds <br /> (v) A County Certificate directing the Trustee to authenticate and then <br /> deliver the Additional Bonds to the person or persons named therein upon payment <br /> to the Trustee of a specified sum, and directing the Trustee as to the application of <br /> proceeds from the sale of the Additional Bonds <br /> (vi) An Opinion of Bond Counsel to the effect (A) that the issuance of the <br /> Additional Bonds is permitted under the terms of this Agreement and has been duly <br /> authorized, and (B) that the issuance of the Additional Bonds in itself will have no <br /> adverse effect on the exemption from Federal income tax with respect to any <br /> Outstanding Bonds with respect to which any such interest is intended to be exempt <br /> (vii) Evidence of the issuance or proposed issuance of one or more lender's <br /> title insurance policies (or an appropriate endorsement to an existing policy) in <br /> favor of the Trustee and including any amendment or supplement to the Deed of <br /> Trust referenced in (iv) above as an insured instrument, if necessary to increase the <br /> aggregate face amount of insurance to equal to the total amount of Outstanding <br /> Bonds plus the principal amount of the Additional Bonds then to be issued <br /> The Trustee is not required to authenticate and deliver any Additional Bonds <br /> if any Event of Default under this Agreement is continuing. <br /> Simultaneously with the delivery of the Additional Bonds, the proceeds <br /> (including any accrued interest) of the Additional Bonds will be applied as provided <br /> in the certificate described in (v) above. <br /> After the execution and delivery of any Additional Bonds, they will be "Bonds" <br /> under this Agreement and subject to all its terms and conditions, except as may be <br /> provided in the supplement to this Agreement provided for in (iii) above. <br /> ARTICLE II <br /> REDEMPTION <br /> Section 2.01. Redemption Dates and Prices. The 2021 Bonds are subject <br /> to redemption only as provided in this Section. <br /> 6 <br />
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