Orange County NC Website
96 <br /> The County is not aware of any other occasions in which it was in material noncompliance with <br /> any of its continuing disclosure undertakings.The County has not knowingly failed to comply with its prior <br /> continuing disclosure undertakings. The County believes that at this point, it has filed all the financial <br /> information that its previous commitments require,and that all required financial information is posted with <br /> regard to all relevant CUSIP numbers. <br /> UNDERWRITING <br /> The Underwriters have agreed under the terms of a Bond Purchase Agreement (the "Purchase <br /> Agreement")to purchase all of the 2024 Bonds,if any of the 2024 Bonds are to be purchased,at a purchase <br /> price equal to 100% of the principal amount of the 2024 Bonds, plus/less net original issue <br /> premium/discount of$ , less an Underwriters' discount of$ . The Underwriters' <br /> obligation to purchase the 2024 Bonds is subject to certain terms and conditions set forth in the Purchase <br /> Agreement. <br /> The Underwriters may offer and sell the 2024 Bonds to certain dealers(including dealers depositing <br /> the 2024 Bonds into investment trusts) and others at prices lower than the initial public offering prices <br /> stated on the inside front cover page hereof. The public offering prices may be changed from time to time <br /> by the Underwriters. <br /> RATINGS <br /> Moody's Investors Service,Inc., S&P Global Ratings and Fitch Ratings Inc. have assigned ratings <br /> of"_," " " and "_," respectively, to the 2024 Bonds. These ratings reflect only the view of such <br /> rating agencies, and an explanation of the significance of such ratings may be obtained from such rating <br /> agencies. Certain information and materials not included in this Official Statement were furnished to such <br /> rating agencies. There is no assurance that such ratings will continue for any given period of time or that <br /> such ratings will not be revised downward or withdrawn entirely if,in the judgment of such rating agencies, <br /> circumstances so warrant. Any such downward revision or withdrawal of such ratings may have an adverse <br /> effect on the market price of the 2024 Bonds. <br /> MISCELLANEOUS <br /> All quotations from and summaries and explanations of the Trust Agreement and the Modified <br /> Deed of Trust contained herein or in Appendix C hereto do not purport to be complete, and reference is <br /> made to such documents for full and complete statements of their respective provisions. The Appendices <br /> attached hereto are a part of this Official Statement. <br /> The information contained in this Official Statement has been compiled or prepared from <br /> information obtained from the County and other sources deemed to be reliable and,although not guaranteed <br /> as to completeness or accuracy, is believed to be correct as of this date. Any statements involving matters <br /> of opinion,whether or not expressly so stated, are intended as such and not as representations of fact. <br /> 24 <br />