OTHER-2021-022 Trust Agreement - Laserfiche WebLink

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"Outstanding," when used with reference to Bonds, or "Bonds Outstanding," means all Bonds which have been authenticated and delivered by the Trustee under this Agreement and not yet paid, except the following: (a) Bonds canceled or purchased by or delivered to the Trustee for cancellation; (b) Bonds that have become due (at maturity or on redemption, acceleration or otherwise) and for the payment, including interest accrued to the due date, of which the Trustee holds sufficient moneys; (c) Bonds deemed paid in accordance with Article XI; and (d) Bonds in lieu of which others have been authenticated under Section 14.05 (relating to registration and exchange of Bonds) or Section 14.06 (relating to mutilated, lost, stolen, destroyed or undelivered Bonds). "Owner," when used with reference to a Bond, means the person in whose name that Bond is registered on the registration books maintained by the Trustee. "Payment Date" means, with respect to the 2021 Bonds, each June 1 and December 1 beginning December 1, 2 02 1, and with respect to any Additional Bonds means the dates specified for principal and interest payments with respect to those Additional Bonds. "Payment Fund" means the Orange County 2021 Bond Payment Fund established in Section 3.04. "Permitted Encumbrances" means, as of any particular time, (a) the encumbrances shown on Exhibit C to the Deed of Trust, (b) liens for taxes and assessments not then delinquent, or liens which may remain unpaid pursuant to Section 5.14, (c) the Deed of Trust, (d) any lien or encumbrance made by its terms expressly subordinate to the lien of the Deed of Trust, and (e) easements and rights- of-way granted by the County pursuant to Section 1-6 of the Deed of Trust. "Pledged Facilities" has the meaning ascribed to that term in the Deed of Trust, and generally includes the County's Whitted Building, its Blackwood Farm Park, 68