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Agenda Package - 05-03-10
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Agenda Package - 05-03-10
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7/15/2010 8:14:24 AM
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7/15/2010 8:09:07 AM
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Admin-Clerk
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Agenda
Committee
Board of Commissioners
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G3 <br />Ill <br />• "Project Costs" means all costs of the design, planning, constructing, acquiring, installing <br />and equipping of the Facilities as determined in accordance with generally accepted accounting <br />principles, including (a) sums required to reimburse the County or its agents for advances made <br />for any such costs, (b) interest during the construction process and for up to six months <br />thereafter, and (c) all costs related to the financing of the Facilities through this Agreement and <br />all related transactions <br />"Project Fund" has the meaning assigned in Section 2.02. <br />"Project Fund Agreement" has the meaning assigned in Section 2.02. <br />"QSCB Component" has the meaning assigned in Section 2.02. <br />"QZAB Component" has the meaning assigned in Section 2.02 <br />"Required Payments" means Installment Payments and Additional Payments. <br />"RZEDB Component" has the meaning assigned in Section 2.02 <br />"Section 160A-20" means Section 160A-20 of the North Carolina General Statutes, as <br />amended, or any successor provision of law. <br />"State" means the State of North Carolina. <br />• "UCC" means the Uniform Commercial Code or any successor law as in effect from time <br />to time in the State, currently Chapter 25 of the North Carolina General Statutes. <br />All references in this Agreement to designated "Sections" and other subdivisions are to <br />the designated sections and other subdivisions of this Agreement. The words "hereof' and <br />"hereunder" and other words of similar import refer to this Agreement as a whole and not to any <br />particular Section or other subdivision unless the context indicates otherwise. Words importing <br />the singular number shall include the plural number and vice versa. <br />40 <br />
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