Orange County NC Website
34 <br /> County will recalculate the schedule of payments to reflect the redemption and then <br /> deliver a substitute Exhibit D to the Trustee that reflects the recalculated payment <br /> schedule. The Trustee has no responsibility to confirm any recalculated payment <br /> 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 2026A Bonds at the places, on the <br /> dates, and in the manner provided in this Supplemental Agreement, in the 2026A <br /> Bonds, and in the documentation securing the 2026A 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 2026A Bonds are subject <br /> to redemption as described in Section 2.01. <br /> Section 1.06. Delivery of 2026A Bonds. The Trustee will authenticate and <br /> deliver the 2026A Bonds when it has received the following items: <br /> (a) Certified copies of County Board resolutions (i) approving the terms <br /> and conditions under which the 2026A Bonds are to be issued and (ii) authorizing <br /> the execution, delivery and issuance of the 2026A Bonds, this Supplemental <br /> Agreement, and Deed of Trust Supplement#5 (as identified in Exhibit B) <br /> (b) Evidence that the LGC has approved the issuance of the 2026A Bonds <br /> (c) An executed copy of this Supplemental Agreement and a certified copy <br /> of the 2018 Agreement <br /> (d) An executed copy of Deed of Trust Supplement #5, 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 2026A Bonds <br /> (e) A County Certificate directing the Trustee to authenticate and then <br /> deliver the 2026A 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 2026A Bonds <br /> 5 <br />