Agenda Package - 05-03-10 - Laserfiche WebLink

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G 3 2 • ARTICLE I DEFINITIONS; INTERPRETATION Unless the context clearly requires otherwise, capitalized terms used in this Agreement and not otherwise defined shall have the following meanings: "Additional Payments" means any of BB&T's reasonable and customary fees and expenses related to the transactions contemplated by this Agreement, any of BB&T's expenses (including reasonable attorneys' fees) in prosecuting or defending any action or proceeding in connection with this Agreement, any required license or permit fees, state and local sales and use or ownership taxes or property taxes which BB&T is required to pay as a result of this Agreement, inspection and re-inspection fees, and any other amounts payable by the County (or paid by BB&T on the County's behalf) as a result of its covenants under this Agreement (together with interest that may accrue on any of the above if the County shall fail to pay the same, as set forth in this Agreement). "Amount Advanced" has the meaning assigned in Section 2.02. "Board of Education" means the Lee County Board of Education, a public school administrative unit organized and existing under the laws of the State. "Bond Counsel Opinion" means a written opinion (in form and substance acceptable to • BB&T) of an attorney or firm of attorneys acceptable to BB&T. "Budget Officer" means the County officer from time to time charged with preparing the County's draft budget as initially submitted to the Governing Board for its consideration. "Business Day" means any day on which banks in the State are not by law authorized or required to remain closed. "County" means the County of Lee, North Carolina. "County Representative" means the County's Finance Director, County Manager or such other person or persons at the time designated, by a written certificate furnished to BB&T and signed on the County's behalf by the presiding officer of the County's Governing Board, to act on the County's behalf for any purpose (or any specified purpose) under this Agreement. "Closing Date" means the date on which this Agreement is first executed and delivered by the parties. "Code" means the Internal Revenue Code of 1986, as amended, including regulations, rulings and revenue procedures promulgated thereunder or under the Internal Revenue Code of 1954, as amended, as applicable to the County's obligations under this Agreement and all proposed (including temporary) regulations which, if adopted in the form proposed, would apply to such obligations. Reference to any specific Code provision shall be deemed to include any successor provisions thereto.