Common use of Costs of Issuance Fund Clause in Contracts

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 The moneys in the Costs of Issuance Fund shall be used and withdrawn by the Trustee from time to time to pay the Costs of Issuance upon submission of a Written Request of the Authority stating: (a) the Person to whom payment is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month anniversary of the Closing Date, all amounts, if any, remaining in the 2017 Costs of Issuance Account shall be withdrawn therefrom by the Trustee and transferred to the Interest Fund, and the 2017 Costs of Issuance Account shall be closed.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. (a) 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 the Trustee shall be deposited deposit in the 2017 Costs of Issuance Account Fund the amount specified in required to be deposited therein pursuant to Section 3.02(a) hereof3.02. 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. . (b) The moneys in the Costs of Issuance Fund shall be used and withdrawn by the Trustee from time to time to pay the Costs of Issuance upon submission of a Written Request of the Authority stating: Community Facilities District stating (ai) the Person to whom payment is to be made; , (bii) the amount to be paidpaid and instructions for payment, together with payment instructions; (ciii) the purpose for which the obligation was incurred; , (div) that such payment is a proper charge against the Costs of Issuance Fund; , and (ev) that payment of such amounts have amount has 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 The Trustee shall rely fully on any such Written Request of the Authority delivered pursuant to this Section and shall not be sufficient evidence required to the Trustee of the facts stated therein and the Trustee shall have no duty to confirm the accuracy of such factsmake any investigation or verification in connection therewith. On the last Business Day that is no later than six month anniversary of months after the Closing Date, all amounts, if any, the Trustee shall transfer any amount remaining in the 2017 Costs of Issuance Account shall be withdrawn therefrom by the Trustee and transferred Fund to the Interest FundBond Fund and, and upon making such transfer, the 2017 Costs of Issuance Account Fund shall be closed. (c) If the Costs of Issuance Fund has been closed in accordance with the provisions hereof, the Costs of Issuance Fund shall be reopened and reestablished by the Trustee in connection with the issuance of any Additional Bonds, if so provided in the Supplemental Indenture pursuant to which such Additional Bonds are issued.

Costs of Issuance Fund. (a) 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 the Trustee shall be deposited deposit in the 2017 Costs of Issuance Account Fund the amount specified in required to be deposited therein pursuant to Section 3.02(a) hereof3.02. There shall additionally be deposited in the Costs 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. . (b) 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: Community Facilities District stating (ai) the Person to whom payment is to be made; , (bii) the amount to be paid, together with payment instructions; (ciii) the purpose for which the obligation was incurred; , (div) that such payment is a proper charge against the Costs of Issuance Fund; , and (ev) 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 last Business Day that is no later than six month anniversary of months after the Closing Date, all amounts, if any, the Trustee shall transfer any amount remaining in the 2017 Costs of Issuance Account shall be withdrawn therefrom by the Trustee and transferred Fund to the Interest FundAccount and, and upon making such transfer, the 2017 Costs of Issuance Account Fund shall be closed. (c) If the Costs of Issuance Fund has been closed in accordance with the provisions hereof, the Costs of Issuance Fund shall be reopened and reestablished by the Trustee in connection with the issuance of any Additional Bonds, if so provided in the Supplemental Indenture pursuant to which such Additional Bonds are issued.

Costs of Issuance Fund. The There is hereby established a fund to be held by the Trustee shall establish and maintain a separate fund designated known as the “Costs of Issuance Fund,” and within such fund the “2017 Costs of Issuance Account.” On the Closing Date, there into which 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, a portion of the proceeds of the sale of any Additional the Bonds required to be deposited therein under the Supplemental Indenture pursuant to which such Additional Bonds are issuedSection 3.02(a). The moneys in the Costs of Issuance Fund shall be used and withdrawn by the Trustee to pay Costs of Issuance from time to time and shall be disbursed by the Trustee upon delivery to pay the Costs of Issuance upon submission Trustee of a Written Request of the Authority stating: requisition executed by a City or Agency Representative. Each such requisition shall: (a) identify the Person to whom payment is total amount of such costs to be madepaid pursuant to such requisition, including all items of cost in such detail as may be available to the City or Agency; and (b) state with respect to such disbursement (i) the requisition number, (ii) the amount to be paiddisbursed for payment of such costs, together with payment instructions; and (c) the purpose for which the obligation was incurred; (diii) that such payment each item of cost identified therein has been properly incurred, and is a proper charge against the Costs of Issuance Fund; Fund and (e) that such amounts have has not been the subject basis of any previous disbursement. The Trustee may conclusively rely on requisitions submitted in accordance with this Section 3.03 as complete authorization for the disbursements made pursuant thereto and shall not be responsible for any representations or certifications made therein. On the date that is 180 days following the Closing Date or upon the earlier receipt by the Trustee of a prior disbursement from Written Request of either the City or Agency certifying that all Costs of Issuance have been paid or provided for, the Trustee shall transfer any remaining amounts in the Costs of Issuance Fund to the Lease Revenue Fund, and the Trustee shall then close 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.