Orange County NC Website
specified in (1) or (ii ) is correctly given . Any notice mailed as provided in this <br /> Supplemental Agreement will conclusively be presumed to have been given <br /> regardless of whether received by any Owner. <br /> (b ) Any redemption notice may state that the redemption to be effected is <br /> conditioned upon - - <br /> (1) the Trustee ' s receipt on or prior to the redemption date of moneys <br /> sufficient to pay the principal of and interest on the 2025 Bonds to be <br /> prepaid ; or <br /> (ii) any other condition not unacceptable to the Trustee . <br /> If a notice contains a condition and the Trustee either (A) does not receive <br /> moneys sufficient to pay the principal of and interest on the 2025 Bonds on or <br /> prior to the redemption date , or ( B ) the stated condition is not fulfilled , as <br /> evidenced to the Trustee by a County Certificate , <br /> 1 <br /> p� <br /> i <br /> in either case on or prior to the redemption date , 1 <br /> then redemption will not be made , and the Trustee must, within a reasonable <br /> time, give notice the same way the redemption notice was given that the moneys <br /> were not so received (or condition was not fulfilled) and the redemption was not <br /> i <br /> made . <br /> (c) Each redemption notice must specify (i ) the complete designation of <br /> the 2025 Bonds to be redeemed, including the Series designation, ( ii) the CUSIP <br /> numbers of the 2025 Bonds to be redeemed , (in) the dated dates , maturity dates and <br /> interest rates of the 2025 Bonds to be redeemed, (iv) the date fixed for redemption , <br /> s <br /> (v) any conditions to the redemption, as contemplated by subsection ( b) above, (vi) <br /> the principal amount of 2025 Bonds or portions of Bonds to be redeemed, (vii ) the <br /> applicable redemption price , (viii) the address of the place or places of payment, ( ix) <br /> the Trustee ' s name and telephone number, and the name of a contact person , (x) <br /> that interest accrued to the date fixed for redemption will be paid as specified in the <br /> notice , and (xi ) that on and after the established redemption date interest on 2025 <br /> Bonds which have been redeemed will cease to accrue . The Trustee must also <br /> include in any redemption notice any additional information provided by the County <br /> for use in the notice . <br /> 8 <br />