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Agenda 05-16-2023; 8-c - Adoption of the Final Resolution Authorizing 2023 Installment Financing for Various Capital Investment Plan Projects for Up to $14,500,000
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Agenda 05-16-2023; 8-c - Adoption of the Final Resolution Authorizing 2023 Installment Financing for Various Capital Investment Plan Projects for Up to $14,500,000
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5/11/2023 4:01:35 PM
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BOCC
Date
5/16/2023
Meeting Type
Business
Document Type
Agenda
Agenda Item
8-c
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13 <br /> constitution. The County's taxing power is not and may not be pledged, directly or <br /> indirectly contingently, to secure any moneys due under this Supplement. <br /> Nothing in this Section is intended to impair or prohibit foreclosure under the <br /> Modified Deed of Trust if the Obligations are not paid when due or otherwise upon <br /> the occurrence of an Event of Default under the Loan Documents. <br /> No provision of this Supplement restricts the County's future issuance of any <br /> of its bonds or other obligations payable from any class or source of the County's <br /> moneys (except to the extent the Loan Documents restrict the incurrence of <br /> additional obligations secured by the Mortgaged Property). <br /> To the extent of any conflict between this Section and any other provision of <br /> this Supplement, this Section takes priority. <br /> 2. Miscellaneous <br /> 2-1 Notices. <br /> (a) Any communication provided for in this Supplement must be in English <br /> and must be in writing, and "writing" includes facsimile transmission and electronic <br /> mail. <br /> (b) For the purposes of this Supplement, any communication sent by <br /> facsimile transmission or electronic mail will be deemed to have been given on the <br /> date the communication is similarly acknowledged by a County Representative (in <br /> the case of the County) or other authorized representative (in the case of any other <br /> party). No such communication will be deemed given or effective without such an <br /> acknowledgment. Any electronic communication to the Trustee is subject to the <br /> provisions of Section 9.02 of the 2021 Agreement. <br /> (c) Any other communication under this Supplement will be deemed given <br /> on the delivery date shown on a United States Postal Service certified mail receipt, <br /> or a delivery receipt (or similar evidence) from a national commercial package <br /> delivery service, if addressed as follows: <br /> (i) if to the County, to Orange County Manager, Re: Notice under <br /> 2023 LOB Deed of Trust, Post Office Box 8181, Hillsborough, NC 27278 <br /> 6 <br />
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