Common use of Disbursements from the Project Fund Clause in Contracts

Disbursements from the Project Fund. The Issuer has, in the Indenture, authorized and directed the Trustee to make disbursements from the Project Fund to pay the Costs of the Project, or to reimburse the Company for any Cost of the Project paid by the Company. Except with respect to payment of Issuance Costs on the date of issuance of the Bonds, the Trustee shall not make any disbursement from the Project Fund until the Company shall have provided the Trustee with a Requisition.

Disbursements from the Project Fund. The Issuer has, in the Indenture, authorized and directed the Trustee to make disbursements from the Project Fund to pay the Costs of the Project, or to reimburse the Company for any Cost of the Project paid by the Company. Except with respect The Company agrees to payment of Issuance Costs on the date of issuance of the Bonds, cause Requisitions to be directed to the Trustee shall not make any disbursement from as may be necessary to effect payments out of the Project Fund until the Company shall have provided in accordance with this Section. The receipt by the Trustee with of a RequisitionRequisition signed by a Company Representative which appears to be properly complete on its face shall be sufficient authorization for the Trustee to disburse such amounts as requested.