Common use of Agreement to Issue the Bonds Clause in Contracts

Agreement to Issue the Bonds. APPLICATION OF BOND PROCEEDS. In order to provide funds for the payment of the Cost of the Project, the Issuer, concurrently with the execution of this Agreement, will issue, sell, and deliver the Bonds and deposit the net proceeds thereof (after payment of the fees and expenses of the placement agent) with the Trustee in the Construction Fund.

Agreement to Issue the Bonds. APPLICATION OF BOND PROCEEDS. In order to provide funds for the payment of a portion of the Cost of the Project, the Issuer, concurrently concurrent- ly with the execution of this Agreement, will issue, sell, and deliver the Bonds and deposit the net proceeds thereof (after payment of the fees and expenses of the placement agent) with the Trustee in the Construction Fund.