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if to BNY - M , to The Bank of New York Mellon Trust Company, <br /> N . A ., Re : Notice for 2025 Orange County ( NC) Financing, 601 Travis Street, <br /> 16th Floor, Houston , TX 77002 <br /> ( d ) Any addressee may designate additional or different addresses for <br /> communications by notice given under this Section to each of the others . The County <br /> must send copies of any notices it sends to the Deed of Trust Trustee also to BNY - M . <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 terins 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 />