Orange County NC Website
38 <br /> (c) Each redemption notice must specify (i) the complete designation of <br /> the 2026A Bonds to be redeemed, including the Series designation, (ii) the CUSIP <br /> numbers of the 2026A Bonds to be redeemed, (iii) the dated dates, maturity dates <br /> and interest rates of the 2026A Bonds to be redeemed, (iv) the date fixed for <br /> redemption, (v) any conditions to the redemption, as contemplated by subsection <br /> (b) above, (vi) the principal amount of 2026A Bonds or portions of Bonds to be <br /> redeemed, (vii) the applicable redemption price, (viii) the address of the place or <br /> places of payment, (ix) the Trustee's name and telephone number, and the name of a <br /> contact person, (x) that interest accrued to the date fixed for redemption will be <br /> paid as specified in the notice, and (xi) that on and after the established redemption <br /> date interest on 2026A Bonds which have been redeemed will cease to accrue. The <br /> Trustee must also include in any redemption notice any additional information <br /> provided by the County for use in the notice. <br /> Section 2.04. 2026A Bonds Payable on Redemption Date; Interest <br /> Ceases To Accrue. If on or before the date fixed for redemption funds are <br /> deposited with the Trustee to pay the principal of and interest accrued to the <br /> redemption date on 2026A Bonds called for redemption, the 2026A Bonds (or <br /> portions of 2026A Bonds) called for redemption cease to accrue interest from and <br /> after the redemption date. Thereafter, those 2026A Bonds (a) are no longer entitled <br /> to the benefits provided by this Agreement and (b) are not deemed to be <br /> Outstanding under this Agreement. <br /> Section 2.05. Mandatory Sinking Fund Redemption. (a) The Trustee, from <br /> amounts received from or on behalf of the County, will redeem 2026A Bonds <br /> maturing on April 1, 20 (the "Term Bonds") on April 1 in years and amounts <br /> upon payment of 100% of the principal amount thereof plus interest accrued to the <br /> redemption date, as follows: <br /> Year Amount ($1 <br /> [To come] <br /> *Final maturity <br /> 9 <br />