Orange County NC Website
a substitute Exhibit D to the Trustee that reflects the recalculated payment schedule . <br /> The Trustee has no responsibility to confirm any recalculated payment schedule . <br /> (e) The County shall pay or cause to be paid, when due, the principal of <br /> (whether at maturity, by acceleration, by mandatory redemption as provided in <br /> Section 2 . 05 or otherwise) and interest on the 2025 Bonds at the places, on the <br /> dates, and in the manner provided in this Supplemental Agreement, in the 2025 <br /> Bonds, and in the documentation securing the 2025 Bonds , all according to their <br /> true intent and meaning, subject to the limitation described in Section 1 . 07 . <br /> Section 1 . 05 , Redemption Dates and Prices . The 2025 Bonds are subject <br /> to redemption as described in Section 2 . 01 . <br /> Section 1 . 06 . Delivery of 2025 Bonds , The Trustee will authenticate and <br /> deliver the 2025 Bonds when it has received the following items : <br /> (a) Certified copies of County Board resolutions (1) approving the terms <br /> and conditions under which the 2025 Bonds are to be issued and (ii) authorizing the <br /> execution, delivery and issuance of the 2025 Bonds, this Supplemental Agreement, <br /> and Deed of Trust Supplement # 3 (as identified in Exhibit B) <br /> (b) Evidence that the LGC has approved the issuance of the 2025 Bonds <br /> (c) An executed copy of this Supplemental Agreement and a certified copy <br /> of the 2021 Agreement <br /> (d) An executed copy of Deed of Trust Supplement # 3 , which extends the <br /> benefit of the security provided to the Trustee under the Prior Deed of Trust to <br /> secure the County' s performance of its obligations under this Supplemental <br /> Agreement and 2025 Bonds , as contemplated by Section 1 . 06 (iv) of the Prior <br /> Agreement <br /> (e) A County Certificate directing the Trustee to authenticate and then <br /> deliver the 2025 Bonds to the person or persons named therein upon payment to <br /> the Trustee of a specified sum, and directing the Trustee as to the application of the <br /> proceeds from the sale of the 2025 Bonds <br /> (f) An Opinion of Bond Counsel to the effect (1) that the issuance of the <br /> 2025 Bonds is permitted under the terms of the 2021 Agreement and has been duly <br /> 5 <br />