Orange County NC Website
or receipt of the notice will then not be a condition to the validity of any action taken <br /> in reliance upon the waiver . <br /> Section 5 . 02 . Consent to jurisdiction . The Trustee consents to jurisdiction <br /> in the State of North Carolina for any lawsuit arising from this Supplemental <br /> Agreement, or arising from any of the related transactions contemplated by this <br /> Supplemental Agreement , <br /> Section 5 . 03 . Binding Effect; Limitation of Rights . This Supplemental <br /> Agreement is binding upon, inures to the benefit of and is enforceable by the parties <br /> and their respective successors and assigns . Nothing expressed or implied in this <br /> Supplemental Agreement or the 2023 Bonds gives any person other than the <br /> Trustee , the County and the Owners any right, remedy or claim under or with <br /> respect to this Supplemental Agreement , <br /> Section 5 , 04 , Severability. If any provision of this Supplemental Agreement <br /> is determined to be unenforceable , that does not affect any other provision of this <br /> Supplemental Agreement, <br /> Section 5 , 05 , 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 . 06 . Rules for Bond Transfer. ( a) Notwithstanding any provision <br /> or indication in the Trust Agreement to the contrary, the Trustee will not register <br /> the transfer of any 2023 Bonds except to (1) a bank, insurance company, or similar <br /> financial institution , or (ii) any direct or indirect wholly- owned subsidiary either of <br /> the Lender or of any transferee referenced in (1) (in either case , an "Affiliate " ) , <br /> provided that the Affiliate agrees to transfer the 2023 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 (ill ) any other entity approved by the LGC . In connection with any <br /> such transfer, the transferring owner must notify the Trustee that the transfer is <br /> permitted pursuant to this Section 5 . 06 . The Trustee shall be fully protected in <br /> relying on such notification . <br /> (b ) In connection with any proposed transfer of the 2023 Bonds, the County <br /> shall provide or cause to be provided to the Trustee all information necessary to <br /> 17 <br />