Costs of Issuance Fund. The Trustee shall establish and maintain a separate fund designated the “Costs of Issuance Fund,” and within such fund the “2017 Costs of Issuance Account.” On the Closing Date, there shall be deposited in the 2017 Costs of Issuance Account the amount specified in Section 3.02(a) hereof. There shall additionally be deposited in the Costs of Issuance Fund the portion, if any, of the proceeds of the sale of any Additional Bonds required to be deposited therein under the Supplemental Indenture pursuant to which such Additional Bonds are issued. The moneys in the Costs of Issuance Fund shall be used and withdrawn by the Trustee from time to time to pay the Costs of Issuance upon submission of a Written Request of the Authority stating:
(a) the Person to whom payment is to be made; (b) the amount to be paid, together with payment instructions; (c) the purpose for which the obligation was incurred; (d) that such payment is a proper charge against the Costs of Issuance Fund; and (e) that such amounts have not been the subject of a prior disbursement from the Costs of Issuance Fund, in each case together with a statement or invoice for each amount requested thereunder. Each such Written Request of the Authority shall be sufficient evidence to the Trustee of the facts stated therein and the Trustee shall have no duty to confirm the accuracy of such facts. On the six month anniversary of the Closing Date, all amounts, if any, remaining in the 2017 Costs of Issuance Account shall be withdrawn therefrom by the Trustee and transferred to the Interest Fund, and the 2017 Costs of Issuance Account shall be closed.
Costs of Issuance Fund. The Trustee shall establish and maintain a separate fund designated the “Costs of Issuance Fund.” On the Closing Date, there shall be deposited in the Costs of Issuance Fund the amount specified in Section 3.02(b) hereof. There shall be additionally be deposited in the Cost of Issuance Fund the portion, if any, of the proceeds of the sale of any Additional Bonds required to be deposited therein under the Supplemental Indenture pursuant to which such Additional Bonds are issued. The moneys in the Costs of Issuance Fund shall be used and withdrawn by the Trustee from time to time to pay the Costs of Issuance upon submission of a Written Request of the Authority stating (a) the Person to whom payment is to be made, (b) the amount to be paid, (c) the purpose for which the obligation was incurred, (d) that such payment is a proper charge against the Costs of Issuance Fund, and (e) that such amounts have not been the subject of a prior disbursement from the Costs of Issuance Fund, in each case together with a statement or invoice for each amount requested thereunder. On May 1, 2000, all amounts, if any, remaining in the Costs of Issuance Fund shall be withdrawn therefrom by the Trustee and transferred to the Construction Fund.
Costs of Issuance Fund. Amounts in the Series 2020-A Costs of Issuance Fund shall be disbursed by the Trustee to pay for Costs of Issuance incurred in connection with issuance of the Series 2020-A Bonds upon a Requisition of the Authority, such Requisition to be in substantially such form as is set forth in Exhibit B hereto. Each such Requisition shall be numbered sequentially and shall state the name and address of each payee, the amount for each payment and the purpose for each payment and shall further state that such costs have not previously been paid. Any amounts remaining in the Series 2020-A Costs of Issuance Fund 180 days after the Issue Date shall be transferred to the Authority for deposit into the Junior Subordinate Pledged Revenues Fund.
Costs of Issuance Fund. On the Date of Issuance, pursuant to Section 2.11(a) hereof, the Trustee shall deposit from proceeds of the Notes received by it an amount equal to $947,845.00 into the Costs of Issuance Fund. Amounts deposited to the Costs of Issuance Fund shall be used to pay the costs of issuing the Notes as set forth in closing settlement instructions or an Authority Order. On the April 2021 Monthly Distribution Date, the Trustee upon written instructions of the Authority will transfer any amounts remaining in the Costs of Issuance Fund to the Collection Fund, unless the Authority instructs the Trustee to retain an amount therein through a later date.
Costs of Issuance Fund. The Costs of Issuance Fund shall be held and administered by the Custodian in accordance with the terms of the Custodial Agreement. Moneys in the Costs of Issuance Fund shall be applied by the Custodian only as set forth in the Custodial Agreement. The Costs of Issuance Fund and the amounts on deposit therein are not
Costs of Issuance Fund. A special trust fund is hereby created and designated the “Costs of Issuance Fund.” There shall be deposited to the credit of the Costs of Issuance Fund on the Closing Date funds an amount of $ to be provided by the Borrower and an amount of $ to be provided by Sale Proceeds of the Bonds and (ii) if and to the extent approved by the Bondowner Representative, any additional payments made by the Borrower and designated for the Cost of Issuance Fund. The Trustee shall disburse amounts in such fund upon receipt of a completed Requisition to pay a designated third party or reimburse the Borrower for Costs of Issuance. Any amounts remaining in the Costs of Issuance Fund on the ninetieth day following the Closing Date shall be transferred to the Project Fund and the Costs of Issuance Fund shall be closed.
Costs of Issuance Fund. Amounts in the Costs of Issuance Fund shall be disbursed by the Trustee only to pay Costs of Issuance upon receipt of a written closing memorandum provided to the Trustee by the Bond Purchaser on the date of initial execution and delivery of this Indenture and, thereafter, upon receipt of a Written Requisition of the Borrower which requisition shall state the amount to be paid, the payee and the purpose for such payment. Upon the receipt of written direction from the Borrower and the Issuer or the date that is ninety (90) days following the Closing Date, whichever date is later, the Trustee shall transfer all amounts remaining in the Costs of Issuance Fund to the Equity Account of the Project Fund.
Costs of Issuance Fund. Fiscal Agent shall use money on deposit to the credit of the Costs of Issuance Fund to pay the Costs of Issuance on the Delivery Date or as soon as practicable thereafter in accordance with a Requisition in the form of Exhibit D to be given to Fiscal Agent by Borrower on the Delivery Date, along with appropriate invoices for such expenses. Amounts in the Costs of Issuance Fund funded with proceeds of the Funding Loan, if any, shall be expended prior to the application of the Costs of Issuance Deposit. Investment Income on amounts on deposit in the Costs of Issuance Fund shall be retained in such fund. Amounts remaining on deposit in the Costs of Issuance Fund six (6) months after the Delivery Date shall be transferred to Borrower. Upon such final disbursement, Fiscal Agent shall close the Costs of Issuance Fund.
Costs of Issuance Fund. The Trustee shall deposit into the Costs of Issuance Fund the amount required by Section 502. Moneys in the Costs of Issuance Fund shall be disbursed from time to time for the payment of the costs of issuing the Bonds upon the direction of the Borrower as evidenced by a requisition in the form of Exhibit B to the Agreement executed by an Authorized Borrower Representative and approved by the Credit Enhancer. Moneys in the Costs of Issuance Fund shall be expended no later than 180 days after the Bond Issuance Date. Any moneys remaining therein on such date shall be transferred to the General Fund and the Costs of Issuance Fund shall be closed.
Costs of Issuance Fund. The Trustee shall establish and maintain a fund known as the “Costs of Issuance Fund” into which shall be deposited the amounts set forth in Section 3.2(b) above. The moneys in the Costs of Issuance Fund shall be used to pay Costs of Issuance from time to time upon receipt by the Trustee of a Request of the Authority. Each such Request of the Authority shall be sufficient evidence to the Trustee of the facts stated therein and the Trustee shall have no duty to confirm the accuracy of such facts. On the date which is one hundred twenty (120) days following the Closing Date, or upon the earlier receipt by the Trustee of a Request of the Authority stating that all Costs of Issuance have been paid, the Trustee shall transfer all remaining amounts in the Costs of Issuance Fund to the Revenue Fund. Upon such transfer, the Costs of Issuance Fund shall be closed and the Trustee shall no longer be obligated to make payments for Costs of Issuance. The Authority may at any time file a Request of the Authority requesting that the Trustee retain a specified amount in the Costs of Issuance Fund and transfer to the Revenue Fund all remaining amounts, and upon receipt of such request by the Trustee, the Trustee shall comply with such request.
