Costs of Issuance Account. Notwithstanding Section 6.04 of the Trust Agreement, upon the earlier of (i) receipt of a certificate executed by an Authorized Officer of the Board stating that all Costs of Issuance relating to the Series 2011A Certificates have been paid or (ii) 180 days after the dated date of the Series 2011A Certificates, the Trustee shall transfer any amounts remaining in the Series 2011A Subaccount of the Costs of Issuance Account to the Series 2011A Subaccount of the Interest Account to pay interest next due on the Series 2011A Certificates.
Costs of Issuance Account. There is hereby established an account to be known as the San Diego Unified School District 2016 General Obligation [Refunding] Bonds Costs of Issuance Account (the “Costs of Issuance Account”) to be held by the Fiscal Agent, into which the Underwriters shall deposit the COI Deposit.
Costs of Issuance Account. (a) The Trustee shall establish and maintain a separate fund designated the “Costs of Issuance Account.” There shall be deposited in the Costs of Issuance Account the portion, if any, of the proceeds of the sale of a Series of Bonds required to be deposited therein under the Supplemental Indenture pursuant to which such Series of Bonds are issued.
(b) The moneys in the Costs of Issuance Account shall be used and withdrawn by the Trustee from time to time to pay the Costs of Issuance upon submission of a Written Request of the City stating (i) the Person to whom payment is to be made and instructions for such payment,
Costs of Issuance Account. There is hereby created and established with Trustee a special account within the Senior Debenture Fund, in the name of Issuer, to be designated “PDC Senior Debenture Costs of Issuance Account” (the “Costs of Issuance Account”). Issuer will deposit with Trustee the sum of approximately $ to pay the documented costs of Trustee associated with the issuance of the Senior Debentures issued and delivered on the Closing Date for deposit into the Costs of Issuance Account. Monies at any time held in the Costs of Issuance Account shall be used for and applied solely to pay costs of issuance of the Senior Debentures, including legal, printing, publication, and Trustee and Paying Agent expenses. Payments from the Costs of Issuance Account shall be made by Trustee, upon receipt of a Written Request, signed by the Authorized Issuer Representative. Upon receipt of each such Written Request, Trustee shall pay each such item directly to the person or party entitled thereto as named in such authorization; or, if directed by Issuer, shall deliver to Issuer a check, draft or warrant in an amount sufficient for the payment thereof. Upon delivery of a certificate of the Authorized Issuer Representative stating that all Costs of Issuance of the Senior Debentures from which monies in the Costs of Issuance Account was derived have been paid, Trustee shall transfer the balance of monies in the Costs of Issuance Account to the Senior Debenture Fund for use in the payment of principal and interest on the Senior Debentures and the Costs of Issuance Account shall be closed. Notwithstanding the foregoing, in the event that not all of the funds in the Costs of Issuance Account have been expended upon the written certificate of the Authorized Issuer Representative, as provided above, within six (6) months of the Closing, Trustee shall transfer the balance of monies in the Costs of Issuance Account to the Senior Debenture Fund for use in payment of principal and interest on the Senior Debentures on the next Payment Date and the Costs of Issuance Account shall be closed.
Costs of Issuance Account. Amounts in the Costs of Issuance Account shall be disbursed by the Trustee on the Closing Date and thereafter only to pay costs of issuance of the Bonds pursuant to a closing statement signed by the Issuer identifying the amount to be paid and the payee. Amounts remaining in the Costs of Issuance Account (including investment proceeds) after the payment of all costs of issuance, and in any event not later than thirty (30) days following the Closing Date, shall be transferred to the Equity Account of the Project Fund.
Costs of Issuance Account. There is hereby established as a separate account the Costs of Issuance Account, to be held by the Paying Agent. There shall be deposited into the Costs of Issuance Account the amount specified in Section 3.02(b). The moneys in the Cost of Issuance Account shall be used solely for the purpose of the payment of Issuance Expenses upon receipt by the Paying Agent of invoices approved by the District, on or after the Closing Date. Any funds remaining in the Cost of Issuance Account on December 1, 2014, shall be transferred by the Paying Agent to the County Treasurer for the District, for deposit to the Building Fund.
Costs of Issuance Account. Amounts in the Costs of Issuance Account shall be disbursed by the Trustee on the Closing Date and thereafter only to pay costs of issuance of the Bond pursuant to a closing statement signed by the Borrower and the Servicer identifying the amount to be paid and the payee upon the Trustee’s receipt of an invoice therefor. Amounts remaining in the Costs of Issuance Account (including investment proceeds) after the payment of all costs of issuance, and in any event not later than 60 days following the Closing Date, shall be transferred to the Equity Account of the Project Fund.
Costs of Issuance Account. The Paying Agent shall establish a separate account known as the Costs of Issuance Account. There shall be deposited into the Costs of Issuance Account the amount specified in Section 3.02(b). The moneys in the Cost of Issuance Account shall be held uninvested and used solely for the purpose of the payment of Costs of Issuance upon receipt by the Paying Agent of invoices approved by the District, on or after the Closing Date. Any funds remaining in the Costs of Issuance Account on the date which is three months after the Closing Date, shall be transferred by the Paying Agent to the County Treasurer, for deposit to the Debt Service Fund, and the Costs of Issuance Account shall be closed. Prior to such transfer, the Paying Agent will confirm with the District and its financial advisor that the Costs of Issuance Account shall be closed.
Costs of Issuance Account. The Trustee shall deposit to the Costs of Issuance Account the amount required by Section 4.1 hereof. Moneys on deposit in the Costs of Issuance Account shall be applied to pay Costs of Issuance upon submission of a written request from an Authorized Representative of the Authority to the Trustee stating that the amount is justly due and owing, has not been the subject of any other written request which has been paid by the Trustee and is a proper Costs of Issuance. Any moneys remaining in the Costs of Issuance Account on 180 days after the Delivery Date shall be transferred to the Lease Payment Account, and the Trustee shall close the Costs of Issuance Account.
Costs of Issuance Account. There is hereby established as a separate account the Costs of Issuance Account, to be held by the Paying Agent. There shall be deposited into the Costs of Issuance Account the amount specified in Section 3.02(b). The moneys in the Cost of Issuance Account shall be used solely for the purpose of the payment of Costs of Issuance upon receipt by the Paying Agent of invoices approved by the District, on or after the Closing Date. Any funds remaining in the Cost of Issuance Account on November 1, 2009, shall be transferred by the Paying Agent to the District, for deposit to the Debt Service Fund.
