Orange County NC Website
Exhibit B -- Definitions: Rules of Interpretation <br /> Definitions. For all purposes of this Agreement, unless the context requires <br /> otherwise, the following terms have the following meanings. <br /> "2021 Bonds" means the [$45,000,000] original aggregate principal amount <br /> Limited Obligation Bonds, Series 2021, issued pursuant to this Agreement. The <br /> Series A Bonds and the Series B Bonds together constitute all the 2021 Bonds. <br /> "Additional Bonds" means any Bonds delivered pursuant to Section 1.06. <br /> "Additional Payments" means the Trustee's reasonable and customary fees <br /> and expenses, any of the Trustee's expenses (including legal fees, costs and <br /> expenses) in prosecuting or defending any action or proceeding in connection with <br /> this Agreement, or any other amounts payable by the County as a result of its <br /> covenants under this Agreement, the Bonds or the Deed of Trust (together with <br /> interest that may accrue on any of the above if the County fails to pay the same, as <br /> set forth in this Agreement or in the Deed of Trust). <br /> "Amount Advanced" has the meaning assigned in Section 1.01. <br /> "Bond Counsel" means any attorney or firm of attorneys nationally <br /> recognized on the subject of municipal obligations as the County may select from <br /> time to time. <br /> "Bond Payments" means all the amounts due for payment of principal, <br /> interest and redemption premium (as applicable) on Bonds. <br /> "Bondholder," means the person in whose name a Bond is registered on the <br /> registration books maintained by the Trustee. <br /> "Bonds" means, together, the 2021 Bonds and all Additional Bonds. <br /> "Business Day" means any day (a) other than a day on which banks in New <br /> York, New York, or the city to which notices to the Trustee under this Agreement are <br /> to be sent, are required or authorized to close, and (b) on which the New York Stock <br /> Exchange is not closed. <br /> 64 <br />