OTHER-2021-022 Trust Agreement - Laserfiche WebLink

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"Closing Date" means the date on which this Agreement is first executed and delivered by the parties and the 2021 Bonds are delivered to their initial purchaser, which the parties expect to be on or about June , 2021. "Code" means the Internal Revenue Code of 1986, as amended, including regulations, rulings and revenue procedures promulgated thereunder or under the Internal Revenue Code of 1954, as amended, as applicable to the Bonds. "Construction Contract" means any agreement between the County and any other person or entity related to any part of the construction of the Pledged Facilities, including contracts for site preparation and related work. "Contract Payments" means all Bond Payments and Additional Payments. "Contract Term" means the time beginning with the Closing Date and continuing until no Bonds are Outstanding under this Agreement. "County" means Orange County, North Carolina, or its successors. "County Board" means the County's governing board as from time to time constituted. "County Certificate" means any written document (in whatever form, however designated) executed and delivered by a County Representative. "County Representative" means the County Manager, the County's statutory finance officer, or any other person or persons at the time designated, by a written certificate furnished to the Trustee that (a) is signed on the County's behalf by the County Manager or the presiding officer of the County Board to act on the County's behalf (or to perform any specified act) under this Agreement, and (b) contains the specimen signature of the designated person. "Deed of Trust" means the Deed of Trust and Security Agreement dated as of June 1, 2021, from the County to a deed of trust trustee for the Trustee's benefit, as it may be duly amended or supplemented. "Deed of Trust Trustee" means the person or entity serving in that capacity from time to time under the Deed of Trust. 65