Orange County NC Website
EXHIBIT B - Definitions ; Rules of Construction <br /> For all purposes of this Supplemental Agreement, unless the context requires <br /> otherwise, the following terms have the following meanings . <br /> " 2025 Bonds " means the County' s $ 67 , 360 , 000 original aggregate principal <br /> amount Limited Obligation Bonds, Series 2025 , originally issued pursuant to this <br /> Supplemental Agreement. <br /> " 2025 Project" means the following. <br /> (a) carrying out the planned acquisitions and improvements <br /> referenced in the Introduction to this Supplemental Agreement and specified <br /> in Exhibit A; <br /> (b) carrying out any additional public acquisitions and <br /> E <br /> improvements as the County may designate to the Trustee in a County <br /> Certificate, subject to the restrictions stated in Exhibit A; and I <br /> ( c) paying Financing Costs related to the 2025 Bonds . <br /> I <br /> i <br /> " 2025 Project Costs " means " Project Costs , " as defined in the Prior <br /> Agreement, related to the 2025 Project. <br /> f <br /> " 2025 Project Fund " means the 2025 Orange County Project Fund established <br /> pursuant to Section 3 . 01 . <br /> " Deed of Trust" means the Prior Deed of Trust as modified by the " Deed of <br /> Trust Supplement # 3 " dated as of June 1 , 2025 , granted by the County for the <br /> Trustee ' s benefit, j <br /> i <br /> " Mortgaged Property " has the meaning assigned to that term in the Deed of j <br /> Trust. <br /> " Payment Date " with respect to the 2025 Bonds means each April 1 and <br /> October 1 , beginning October 1 , 2025 . <br /> " Prior Agreement" means the Trust Agreement dated as of June 1 , 2021 , <br /> between the County and The Bank of New York Mellon Trust Company, N . A . , as <br /> trustee (the " 2021 Agreement" ) , as supplemented by (a) a First Supplemental Trust <br /> Agreement dated as of June 13 , 2023 , and (b) a Second Supplemental Trust <br /> 23 <br /> i <br /> I <br />