Orange County NC Website
permits or requires. Each 2022 Bonds will be dated the date of its initial delivery to <br /> the Lender. All interest payments will be calculated based on a 360-day year <br /> consisting of twelve 30-day months and subject to adjustment as provided in this <br /> Supplemental Agreement. <br /> (b) One of the 2022 Bonds (the "2022A Bond") will be designated "Limited <br /> Obligation Bond, Series 2022A." The 2022A Bond will be (i) in the principal amount <br /> of $7,404,000, (ii) numbered RA-1 for identification, (iii) payable as to interest <br /> semiannually until payment on each Payment Date at the 2022A Interest Rate, and <br /> (iv) payable as to principal on February 1 in installments in years and amounts as <br /> follows: <br /> Maturity Date Principal Maturity Date Principal <br /> [February 1J Amount t$1 (February 1 Amount f$1 <br /> 2024 885,000 2028 931,000 <br /> 2025 897,000 2029 943,000 <br /> 2026 907,000 2030 955,000 <br /> 2027 919,000 2031 967,000 <br /> (c) The other of the 2022 Bonds (the "2022B Bond") will be designated <br /> "Limited Obligation Bond, Series 2022B." The 2022B Bond will be (i) in the principal <br /> amount of $34,131,000, (ii]numbered RB-1 for identification, (iii) payable as to <br /> interest semiannually until payment on each Payment Date at the 2022B Interest <br /> Rate, and (iv) payable as to principal on February 1 in installments in years and <br /> amounts as follows: <br /> Maturity Date Principal Maturity Date Principal <br /> Februar 1 Amount C$1 iFebruary 11 Amount C$1 <br /> 2024 1,725,000 2034 1,722,000 <br /> 2025 1,725,000 2035 1,722,000 <br /> 3 <br />