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44 <br /> EXHIBIT B - Definitions: Rules of Construction <br /> For all purposes of this Supplemental Agreement, unless the context requires <br /> otherwise, the following terms have the following meanings. <br /> "2022 Bonds" means the County's Limited Obligation Bonds, Series 2022, <br /> originally issued in the aggregate principal amount of [$43,000,000] pursuant to the <br /> Prior Agreement and this Supplemental Agreement. <br /> "2022A Interest Rate" means a per annum rate equal to 2.13%, but after an <br /> Event of Taxability, means the Taxable Rate. Notwithstanding the foregoing, <br /> however, after, and during the continuance of, an Event of Default, "2022A Interest <br /> Rate" means the Default Rate. <br /> "2022B Interest Rate" means a per annum rate equal to 2.41%, but after an <br /> Event of Taxability, means the Taxable Rate. Notwithstanding the foregoing, <br /> however, after, and during the continuance of, an Event of Default, "2022B Interest <br /> Rate" means the Default Rate. <br /> "2022 Proceeds Fund" means the Orange County 2022 Proceeds Fund <br /> established pursuant to Section 3.02. <br /> "2022 Project" has the meaning assigned in the preambles to this <br /> Supplemental Agreement. <br /> "2022 Project Costs" means "Project Costs," as defined in the 2018 <br /> Agreement, related to the 2022 Project. <br /> "Deed of Trust" means the Prior Deed of Trust as modified by the "Deed of <br /> Trust Supplement #4" dated as of May 11, 2022, also granted by the County for the <br /> Trustee's benefit. <br /> "Default Rate" means the lesser of (a) the sum of the Prime Rate plus 2.0% <br /> (200 basis points) per annum and (b) the maximum lawful rate. <br /> "Event of Taxability" means that a final decree or judgment of any federal <br /> court or a final action of the Internal Revenue Service determining that interest is <br /> includable in the gross income of the registered owner of a 2022 Bond for federal <br /> income tax purposes as a result of the action or inaction of the County has been <br /> issue; provided, no Event of Taxability shall be deemed to occur unless the County <br /> 19 <br />