Board of Visitors minutes February 9, 2007 | ||
EXHIBIT C
FORM OF PROGRAM ORDER
THE RECTOR AND VISITORS OF THE UNIVERSITY OF
VIRGINIA
COMMERCIAL PAPER GENERAL REVENUE PLEDGE NOTES
SERIES A (TAX-EXEMPT) AND SERIES B (TAXABLE)
To: The Bank of New York, as Issuing and Paying Agent
Goldman, Sachs & Co., as Dealer
Reference is hereby made to the Resolution adopted by the Rector and Visitors of the University of Virginia (the "Board") on February __, 2007, as such resolution has been modified, supplemented and amended (the "Resolution"). All capitalized terms used but not otherwise defined herein shall have the meanings given them in the Resolution.
In accordance with Section 2.10 of the Resolution, the University of Virginia (the "University"), hereby gives notice as follows:
- 1. Effective ________, 20__, upon the satisfaction of the conditions set forth in Section 2.10(c) of the Resolution, a new program shall be established under the Resolution. The new Program shall comprise two Series of Notes, designated "Series A-__ (Tax-Exempt)" and "Series B- __ (Taxable)," respectively.
- 2. Upon the effective date of the new Program, no Notes may be issued under the current Program, which was established pursuant to the Resolution as of ________, 20__.
- 3. The University acknowledges that the Resolution, the Issuing and Paying Agency Agreement, the Loan Agreement and the Dealer Agreement(s) identified in the Resolution hereto shall apply to the new Program.
McGuireWoods LLP Draft of February 26, 2007
IN WITNESS WHEREOF, the University, by its duly authorized representatives, hereby executed and deliver this New Program Order, as of the __ day of ________, 20__.
THE UNIVERSITY OF VIRGINIA
By:
___________________________________
Authorized
Representative
The undersigned hereby acknowledge receipt of this New Program Order.
THE BANK OF NEW YORK, as Issuing and Paying
Agent
By: ____________________________________
Authorized Agent
GOLDMAN, SACHS & CO.
By: ____________________________________
Authorized Officer
McGuireWoods LLP Draft of February 26, 2007
Board of Visitors minutes February 9, 2007 | ||