Orange County NC Website
39 <br /> Section 5.06. Counterparts. This Supplemental Agreement may be signed in <br /> several counterparts, including separate counterparts. Each will be an original, but <br /> all of them together constitute the same instrument. <br /> Section 5.07. Restriction on Transfer. Notwithstanding any provision or <br /> indication in the Trust Agreement to the contrary, the Trustee will not register the <br /> transfer of any 2022 Bonds except to (a) a bank, insurance company, or similar <br /> financial institution, or (b) any direct or indirect wholly-owned subsidiary either of <br /> the Lender or of any transferee referenced in (a) (in either case, an "Affiliate"), <br /> provided that the Affiliate agrees to transfer the 2022 Bonds to a permitted <br /> transferee under this paragraph before it ceases to be an Affiliate if at the time it <br /> ceases to be an Affiliate it would not qualify as a permitted transferee under this <br /> paragraph, or (c) any other entity approved by the LGC. In connection with any such <br /> transfer, the transferring owner must notify the Trustee that the transfer is <br /> permitted pursuant to this Section 5.07. The Trustee shall be fully protected in <br /> relying on such notification. <br /> Section 5.08. Definitions; Rules of Interpretation. Unless the context <br /> clearly requires otherwise, capitalized terms used as defined terms in this <br /> Supplemental Agreement and not otherwise defined have the meanings set forth in <br /> Exhibit B, and if not defined there will have the meanings set forth in the Prior <br /> Agreement. This Supplemental Agreement will be interpreted in accordance with <br /> the rules of interpretation set forth in the 2018 Agreement. <br /> [The remainder of this page has been left blank intentionally.] <br /> 14 <br />