Orange County NC Website
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 />