Agenda 03-05-2026; 8-m - Amendments to the Series 2019 A and B Limited Obligation Bond Documents

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20 EXHIBIT B - Definitions: Rules of Construction For all purposes of this Amending Agreement, unless the context requires otherwise or as may be otherwise provided in Section 3.07, the following terms have the following meanings. "2019A Documents" means, as a group, the 2018 Agreement, the 2019A Agreement, the 2019A Bonds, and the Deed of Trust (as defined in the 2019A Agreement). "2019 Proceeds Fund" means the 2019 Orange County Proceeds Fund established pursuant to Section 3.02 of the 2019A Agreement. "2019 Project" means the following: (a) carrying out the planned acquisitions and improvements of public assets and facilities specified in Exhibit A to the 2019A Agreement; and (b) carrying out any additional public acquisitions and improvements to public assets and facilities as the County may designate to the Trustee in a County Certificate, subject to the restrictions stated in Exhibit A to the 2019A Agreement. "2019 Project Costs" means all costs of design, planning, construction, equipping, installation and general carrying-out of the 2019 Project as necessary to place the financed assets and facilities in service, all as determined in accordance with generally accepted accounting principles and as will not adversely affect the exclusion from gross income for federal income tax purposes of interest on the 2019A Bonds to which it is intended that interest will be entitled. "2019 Project Costs" include (a) sums required to reimburse the County or its agents for advances made for any costs otherwise described in this definition, (b) interest during the period of acquisition and construction of improvements and for up to six months thereafter, (c) all Financing Costs, and (d) making any payments of excess earnings required under the Code as contemplated by Section 1.08. 11