Orange County NC Website
Browse       Search
9 <br /> Exhibit B -- Draft Documents <br /> (a) A draft dated May 4, 2026 of a Fifth Supplemental Trust Agreement to <br /> be dated on or about June 1, 2026, between the County and The Bank of New York <br /> Mellon Trust Company,N.A. (the"Trustee").This instrument provides for the advance <br /> of funds to the County, for the issuance of the Bonds, for the County's obligation to <br /> repay the amounts advanced, and for the County's responsibilities for the use and <br /> care of the collateral. The Trustee keeps certain official records for the Bonds, <br /> processes Bond payments and other payments, and acts as a representative of the <br /> bondholders. <br /> (b) A draft dated May 4, 2026 of a Deed of Trust Supplement #5 to be dated <br /> on or about June 1, 2026, from the County to a deed of trust trustee for the Trustee's <br /> benefit. This instrument provides for a security interest in property to secure the <br /> County's repayment obligations and its other obligations under the financing <br /> documents. <br /> (c) A draft of a Bond Purchase Agreement to be dated on or about June 10, <br /> 2026 providing for the underwriters' obligation to purchase the Bonds.The final form <br /> of this Agreement will set out the final principal amount, principal payment schedule <br /> and interest rates for the Bonds, and the other terms and conditions for the <br /> underwriters' obligation to purchase the Bonds. <br />