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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
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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
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5/15/2025 10:58:23 AM
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BOCC
Date
5/20/2025
Meeting Type
Business
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Agenda
Agenda Item
6-a
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19 <br /> 2-3 Governing Law; Forum. The County, BNY-M and the Deed of Trust <br /> Trustee intend that North Carolina law will govern this Supplement and all matters <br /> of its interpretation. To the extent permitted by law, the County, BNY-M and the <br /> Deed of Trust Trustee agree that any action brought with respect to this Supplement <br /> must be brought in the North Carolina General Court of Justice in Orange County, <br /> North Carolina. <br /> 2-4 Limitation of Liability of Officers and Agents. No officer, agent or <br /> employee of the County, BNY-M or the Deed of Trust Trustee will be subject to any <br /> personal liability or accountability by reason of the execution of this Supplement or <br /> any other documents related to the transactions contemplated by this Supplement. <br /> Those officers or agents are deemed to execute documents in their official capacities <br /> only, and not in their individual capacities. This Section does not relieve any officer, <br /> agent or employee from the performance of any official duty provided by law. <br /> 2-5 Covenants Run with the Land. All covenants contained in the <br /> Modified Deed of Trust run with the real estate encumbered by the Modified Deed of <br /> Trust. <br /> 2-6 Further Instruments. Upon the request of BNY-M or the Deed of Trust <br /> Trustee, the County will execute, acknowledge and deliver any further instruments <br /> reasonably necessary or desired by BNY-M or the Deed of Trust Trustee to carry out <br /> more effectively the purposes of this Supplement or any other document related to <br /> the transactions contemplated by this Supplement, and to subject to the liens and <br /> security interests of this Supplement all or any part of the Mortgaged Property <br /> intended to be given or conveyed, whether now given or conveyed or acquired and <br /> conveyed subsequent to the date of this Supplement. <br /> 2-7 Entire Agreement; Amendments. This Supplement, together with <br /> the other Loan Documents, constitutes the entire agreement with respect to its <br /> general subject matter between the County, the Trustee and the Deed of Trust <br /> Trustee. This Supplement may not be changed except in accordance with the other <br /> Loan Documents. The Deed of Trust Trustee's consent is not required for any <br /> changes. <br /> [The remainder of this page has been left blank intentionally.] <br /> 8 <br />
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