Disbursements from the Construction Fund. The Issuer will in the Indenture authorize and direct the Trustee to disburse the moneys in the Construction Fund to or on behalf of the Company, upon compliance with Section 6.07 of the Indenture, for the following purposes (but, subject to the provisions of Section 3.5 hereof, for no other purpose):
Disbursements from the Construction Fund. The Authority hereby appoints the City as agent of the Authority to make disbursements from the Construction Fund to pay the Cost of Construction. Such disbursements shall be made only upon the execution and filing with the City of a requisition signed by the City Representative stating (i) the requisition number, (ii) the name and address of the person, firm or corporation (which may include the City) to whom payment is due or was made, (iii) the amount paid or to be paid, (iv) that none of the items for which the payment is proposed to be made has formed the basis for any payment theretofore made from the Construction Fund, and (v) that each item for which payment is proposed to be made is a proper charge against the Construction Fund in accordance with the provisions of the Resolution and this Contract.
Disbursements from the Construction Fund. In the Indenture, the Issuer has authorized and directed the Trustee that moneys in the Construction Fund shall be used to pay the Project Costs, or to reimburse the Issuer or the Lessee for any Project Costs paid or incurred by the Issuer or the Lessee either before or after execution of this Lease and delivery of the 2002 Bonds. Such payments shall be made by the Trustee upon receipt of a requisition, signed by the Authorized Lessee Representative, stating with respect to each payment to be made:
Disbursements from the Construction Fund. Issuer has, in the Indenture, authorized and directed Trustee to make disbursements from the Construction Fund to pay the Cost of the Project or to reimburse Company for any Cost of the Project paid by Company. Trustee shall make disbursements upon receipt of a requisition signed by an Authorized Company Representative:
Disbursements from the Construction Fund. The Issuer has, in the Indenture, authorized and directed the Trustee to make disbursements from the Construction Fund to pay the Costs of the Project, or to reimburse the Company for any Cost of the Project paid by the Company. The Trustee shall not make any disbursement from the Construction Fund until the Company shall have provided the Trustee with a Requisition approved by the Bank in advance.
Disbursements from the Construction Fund. The money in the Construction Fund shall be applied by the Trustee, upon receipt of a Requisition from the Company, a form of which is attached as Exhibit C to the Indenture, signed by a Company Representative to pay Costs of Construction of the Project in accordance with Section 6.05 of the Indenture. Money on deposit in the Construction Fund shall be invested and reinvested in accordance with Section 7.01 of the Indenture. The Trustee may rely fully on any such request and certificate delivered pursuant to this Section and shall not be required to make any investigation in connection therewith. Section 4.3
Disbursements from the Construction Fund. Disbursement of the proceeds of the Bonds for the construction of the Project shall be made in accordance with the terms of the Disbursement Agreement.
Disbursements from the Construction Fund. The Authority has, in the Indenture, authorized and directed the Trustee to make payments from the Construction Fund under the Indenture to pay the Costs of Acquisition and Construction of the Projects. So long as the Trustee has not received notice nor is deemed to have received notice pursuant to Section 10.1(h) of the General Indenture that an Event of Nonappropriation or Event of Default has occurred and is continuing, the Trustee is hereby authorized to disburse the amounts on deposit in the Construction Fund, as provided herein. Other than for payment of capitalized interest on the Bonds, which shall be paid by the Trustee without further direction (as prescribed in the First Supplemental Indenture), such payments shall be made upon receipt by the Trustee of a requisition in substantially the form attached hereto as Exhibit D and signed by the Board Representative on which requisition the Trustee is entitled to conclusively rely.
Disbursements from the Construction Fund. The IDB has, in the Indenture, authorized and directed the Trustee to make payments from the Construction Fund to pay the Costs of Construction.
Disbursements from the Construction Fund. So long as no Event of Nonappropriation or Event of Default shall occur, and so long as the County’s right to control DRAFT the construction and equipping of the Project has not otherwise been terminated pursuant to Section 7.01 of this Lease, the Trustee shall, at the written direction of the County, disburse moneys from the Construction Fund in payment of Costs of the Project. Such disbursements shall be made upon receipt by the Trustee of a requisition in the form attached hereto as Exhibit D signed by an Authorized Officer of the County (a) stating with respect to each payment to be made: (i) the requisition number, (ii) the name and address of the person, firm or corporation to whom payment is due, (iii) the amount to be paid, (iv) that each obligation mentioned therein has been properly incurred, is a proper charge against the Construction Fund and has not been the basis of any previous withdrawal, (v) that all conditions required by this Lease to be met prior to such payment have been satisfied, and (vi) that the disbursement requested will be used for a Cost of the Project; (b) specifying in reasonable detail the nature of the obligation and in the case of a disbursement for items of Equipment, the serial number of all such items; (c) accompanied by a xxxx, invoice or statement of account for such obligation; (d) in the case of a disbursement for items of Equipment included in the Leased Property, a valid xxxx of sale, receipt or other evidence of title in the name of the Trustee or the County as agent of the Trustee capable of assignment to the Trustee, containing warranties of title free and clear of all claims together with a financing statement in form appropriate to perfect the security interest of the Trustee in such items; and (e) that no Event of Nonappropriation or Event of Default has occurred and is continuing. The Trustee may rely conclusively on any such certificate and shall not be required to make any independent investigation in connection therewith. The execution of any requisition certificate by County shall constitute, unto the Trustee, an irrevocable determination that all conditions precedent to the payments requested have been completed. The County shall execute such financing statements and other instruments and permit the labeling of the Equipment included in the Leased Property in connection with each disbursement as may be reasonably required by the Trustee to perfect its security interest in such Equipment. If an Event of...
