Agenda - 03-21-2000-5a - Laserfiche WebLink

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"' 3 Exhibit A -- Defin'h~ 'ans For all purposes of this Support Agreement, the following terms shall have the following meanings, unless the context cleazly requires otherwise: "Administrative Expenses" means all of the Company's general and office expenses of operation and of administration of the Loan Program, for such things as office supplies and equipment, utilities, insurance, and banking and professional fees. "Banks" means those financial institutions that are parties to the Loan Agreement with the Company and the County. "Business Day" means any day on which banks in North Cazolina are not by law authorized or required to remain closed. "Company Loan Lass Account" means the bank account or accounts awned by the Company to which the Company directs the County to pay over amounts from the Loan Loss Reserve upon a Loan Loss. "County Board" means the County's governing Board of Commissioners, or any successor to its functions, as from time to time constituted. "Fiscal Year" means the County's fiscal year beginning July 1, or such other fiscal year as the County may later lawfully establish. "Event of Default" means any party's breaching or failing to perform or observe any term, condition or covenant of this Support Agreement on its part to be observed or performed for a period of 45 days after written notice specifying such failure and requesting that it be remedied shall have been given to the defaulting party by the non-defaulting party, unless the non-defaulting party shall agree in writing to an extension of such time prior to its expiration. "Governing Documents" means the Company's Articles of Incorporation and bylaws, the Loan Agreement and this Support Agreement, and any resolution or other corporate proceeding adopted at the County's request or authorizing any of the foregoing. "Guidelines" means the guidelines for the Loan Program finally approved by the County Board by resolution adopted , 2000, as the County Boazd may duly amend the same from time to time. "Loan Agreement" means the Loan Agreement dated as of Mazch , 2000, among the Company, the County and certain financial institutions providing for loans to the Company for the Loan Program. .