Browse
Search
Agenda 05-20-25; 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
OrangeCountyNC
>
BOCC Archives
>
Agendas
>
Agendas
>
2025
>
Agenda - 05-20-2025 Business Meeting
>
Agenda 05-20-25; 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/15/2025 10:58:23 AM
Creation date
5/15/2025 10:43:31 AM
Metadata
Fields
Template:
BOCC
Date
5/20/2025
Meeting Type
Business
Document Type
Agenda
Agenda Item
6-a
Document Relationships
Agenda for May 20, 2025 BOCC Meeting
(Message)
Path:
\BOCC Archives\Agendas\Agendas\2025\Agenda - 05-20-2025 Business Meeting
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
157
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
18 <br /> 2-2 Definitions. All capitalized terms used in this Supplement and not <br /> otherwise defined have the meanings ascribed to them otherwise in the Loan <br /> Documents. In addition, the following terms used in this Supplement have the <br /> following meanings, unless the context clearly requires otherwise: <br /> The "Loan Documents" are the 2021 Agreement, the First Supplemental Trust <br /> Agreement dated as of June 13, 2023 (the "2023 Agreement"), which provided for <br /> the issuance of the 2023 Bonds, the Second Supplemental Trust Agreement dated as <br /> of June 1, 2024 (the "2024 Agreement"), which provided for the issuance of the <br /> 2024 Bonds, the 2025 Agreement, the 2025 Bonds, the Prior Bonds and the <br /> Modified Deed of Trust. <br /> "Permitted Encumbrances" means, as of any particular time, (a) the <br /> encumbrances on the County's title to the Mortgaged Property that are stated on <br /> Exhibit B, (b) liens for taxes and assessments not then delinquent, or liens which <br /> may remain unpaid pursuant to the Modified Deed of Trust, (c) the Modified Deed of <br /> Trust, (d) any lien or encumbrance which is made by its terms expressly <br /> subordinate to the lien of the Modified Deed of Trust, including leases of Mortgaged <br /> Property made by the County, as lessor, to other units of State or local government, <br /> (e) easements and rights-of-way granted by the County pursuant to the Modified <br /> Deed of Trust, and (f) encumbrances on the County's title to property that may be <br /> added in the future to the definition of the Mortgaged Property existing at the time <br /> the property becomes part of the Mortgaged Property. <br /> "Prior Bonds" means all the County's limited obligation bonds issued <br /> pursuant to the 2021 Agreement, as previously supplemented, and specifically <br /> means the following bonds: <br /> $23,585,000 original aggregate principal amount Limited Obligation Bonds, <br /> Series 2021A and 2021B (the "2021 Bonds") <br /> $14,298,000 original aggregate principal amount Limited Obligation Bonds, <br /> Series 2023A and 2023B (the "2023 Bonds") <br /> $11,880,000 original aggregate principal amount Limited Obligation Bonds, <br /> Series 2024 (the "2024 Bonds") <br />
The URL can be used to link to this page
Your browser does not support the video tag.