OTHER-2023-033-First Supplemental Trust Agreement

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EXHIBIT B - Definitions Rules of Construction For all purposes of this Supplemental Agreement, unless the context requires otherwise, the following terms have the following meanings . " 2023 Bonds " means the County' s Limited Obligation Bonds , Series 2023 , originally issued pursuant to the Prior Agreement and this Supplemental Agreement as (a) a $ 5 , 080 , 000 Limited Obligation Bond, Series 2023A, and (b) a $ 9 , 218 , 000 Limited Obligation Bond, Series 2023B . " 2023A Interest Rate " means an annual interest rate equal to 3 . 73 %, but means the Alternative Rate of Interest under the conditions described in Section 1 . 05 and during the continuation an Event of Default, " 2023A Interest Rate " means the Default Rate . " 2023B Interest Rate " means an annual interest rate equal to 3 . 83 % , but means the Alternative Rate of Interest under the conditions described in Section LOS and during the continuation an Event of Default, " 2023B Interest Rate " means the Default Rate . " 2023 Project" means the following : ( a) carrying out the planned acquisitions and improvements referenced in the Introduction to this Supplemental Agreement and specified in Exhibit A; (b) carrying out any additional public acquisitions and improvements as the County may designate to the Trustee in a City Certificate , subject to the restrictions in Exhibit As and ( c) paying Financing Costs related to the 2023 Bonds . " 2023 Project Costs " means " Project Costs , " as defined in the Prior Agreement, related to the 2023 Project . " 2023 Project Fund " means the 2023 Orange County Project Fund established pursuant to Section 3 . 01 . " Date of Taxability" means the first date upon which interest on a 2023 Bond paid by the County is included in a Bondholder ' s gross income for federal income tax purposes as a result of an Event of Taxability or a Determination of Taxability. 22