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Agenda 05-03-22; 8-j - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
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Agenda 05-03-22; 8-j - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
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4/28/2022 3:34:56 PM
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BOCC
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5/3/2022
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Business
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Agenda
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8-j
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Agenda for May 3, 2022 BOCC Meeting
(Message)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2022\Agenda - 05-03-2022 Business Meeting
Minutes 05-03-2022 Business Meeting
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Path:
\Board of County Commissioners\Minutes - Approved\2020's\2022
OTHER-2022-023-Deed of Trust Supplement
(Message)
Path:
\Board of County Commissioners\Various Documents\2020 - 2029\2022
RES-2022-023-Resolution Providing Final Approval of Terms and Documents for Spring 2022 Installment Financing
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Path:
\Board of County Commissioners\Resolutions\2020-2029\2022
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15 <br /> (d) Any addressee may designate additional or different addresses for <br /> communications by notice given under this Section to each of the others. The County <br /> must send copies of any notices it sends to the Deed of Trust Trustee also to BNY-M. <br /> 2-2 Definitions. All capitalized terms used in this Supplement and not <br /> otherwise defined have the meanings ascribed to them otherwise in the Loan <br /> Documents. <br /> 2-3 Governing Law; Forum. The County, BNY-M and the Deed of Trust <br /> Trustee intend that North Carolina law will govern this Supplement and all matters <br /> of its interpretation. To the extent permitted by law, the County, BNY-M and the <br /> Deed of Trust Trustee agree that any action brought with respect to this Supplement <br /> must be brought in the North Carolina General Court of Justice in Orange County, <br /> North Carolina. <br /> 2-4 Limitation of Liability of Officers and Agents. No officer, agent or <br /> employee of the County, BNY-M or the Deed of Trust Trustee will be subject to any <br /> personal liability or accountability by reason of the execution of this Supplement or <br /> any other documents related to the transactions contemplated by this Supplement. <br /> Those officers or agents are deemed to execute documents in their official capacities <br /> only, and not in their individual capacities. This Section does not relieve any officer, <br /> agent or employee from the performance of any official duty provided by law. <br /> 2-5 Covenants Run with the Land. All covenants contained in the <br /> Modified Deed of Trust run with the real estate encumbered by the Modified Deed of <br /> Trust. <br /> 2-6 Further Instruments. Upon the request of BNY-M or the Deed of Trust <br /> Trustee, the County will execute, acknowledge and deliver any further instruments <br /> reasonably necessary or desired by BNY-M or the Deed of Trust Trustee to carry out <br /> more effectively the purposes of this Supplement or any other document related to <br /> the transactions contemplated by this Supplement, and to subject to the liens and <br /> security interests of this Supplement all or any part of the Mortgaged Property <br /> intended to be given or conveyed, whether now given or conveyed or acquired and <br /> conveyed subsequent to the date of this Supplement. <br />
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