Establishment and Application of Costs of Issuance Fund. (a) The Trustee shall establish a special trust fund designated as the “City of Avondale Series 2019 Costs of Issuance Fund” (herein referred to as the “Costs of Issuance Fund”), shall keep such fund separate and apart from all other funds and moneys held by it and shall administer such fund as provided in this Trust Agreement.
(b) Amounts in the Costs of Issuance Fund shall be disbursed for the payment of Delivery Costs. Disbursements from the Costs of Issuance Fund shall be made by the Trustee upon receipt of a requisition for disbursement (on which the Trustee is entitled to rely) executed or approved by the City Representative. Each such certificate shall set forth the amounts to be disbursed for payment, or reimbursement of previous payments, of Delivery Costs and the person or persons to whom said amounts are to be disbursed. The Trustee has no duty or obligation to confirm that such disbursements constitute Delivery Costs.
(c) On the earlier of December 1, 2019, or when all Delivery Costs associated with the Obligations have been paid (as shown by a certificate of a City Representative, if requested by the Trustee), the Trustee shall transfer any amounts remaining in the Costs of Issuance Fund to the Payment Fund and the Costs of Issuance Fund shall be closed.
Establishment and Application of Costs of Issuance Fund. The Trustee established, maintained and held in trust under the Original Bond Indenture a separate fund of the Borrower designated as the “Costs of Issuance Fund.” The moneys in the Costs of Issuance Fund were used and withdrawn by the Trustee to pay the Costs of Issuance upon Requisition of the Borrower stating the Persons to whom payment is to be made, the amount to be paid, the purpose for which the obligation was incurred and that such payment is a proper charge against said fund. On or before January 5, 2013, amounts, if any, remaining in the Costs of Issuance Fund were transferred to the Project Fund, and the Costs of Issuance Fund was thereafter closed.
Establishment and Application of Costs of Issuance Fund. The Fiscal Agent shall establish and maintain a separate fund designated as the “Costs of Issuance Fund.” The moneys in the Costs of Issuance Fund shall be applied by the Fiscal Agent to pay or to reimburse the City for the payment of the Costs of Issuance of the Bonds. Before any payment from the Costs of Issuance Fund shall be made, the City shall file or cause to be filed with the Fiscal Agent a Requisition of the City, a form of which is attached hereto as Exhibit B, stating (i) the item number of such payment; (ii) the name and address of the person to whom each such payment is due, which may be the City in the case of reimbursement for costs theretofore paid by the City; (iii) the respective amounts to be paid; (iv) the purpose by general classification for which each obligation to be paid was incurred; and (v) that obligations in the stated amounts have been incurred by the City and are presently due and payable and that each item thereof is a proper charge against the Costs of Issuance Fund and has not been previously paid from said fund. Each Requisition of the City shall be sufficient evidence to the Fiscal Agent of the facts stated therein and the Fiscal Agent shall have no duty to confirm the accuracy of such facts. At the end of six (6) months from the date of issuance of Bonds, or upon an earlier determination by the City that amounts in such account are no longer required for the payment of Costs of Issuance, the Fiscal Agent shall transfer any remaining amounts in such account to the Special Tax Fund and the Fiscal Agent shall close the Costs of Issuance Fund.
Establishment and Application of Costs of Issuance Fund. The Bond Trustee shall establish, maintain and hold in tnust a separate fund designated as the "Costs of Issuance Fund-Series 2007." The moneys in the Costs of Issuance Fund-2007 shall be used and Withdrawn by the Bond Trustee to pay the Costs of Issuance for the 2007 Bonds upon Requisition of the Issuer stating the Person to Whom payment is to he made, the amount to he paid, the purpose for which the obligation was incurred and that such payment is a proper charge against said account. On January 28, 2008, or upon the earlier Request of the Issuer, amounts, if any, remaining in the Costs of Issuance Fund-2007 shall be transferred to the Project Fund and the Costs of Issuance Fund-2007 shall thereafter be closed.
Establishment and Application of Costs of Issuance Fund. The Trustee shall establish a special trust fund designated as the “City of Avondale Pledged Revenue Obligations Costs of Issuance Fund” (herein referred to as the “Costs of Issuance Fund”), shall keep such fund separate and apart from all other funds and moneys held by it and shall administer such fund as provided in this Trust Agreement.
Establishment and Application of Costs of Issuance Fund. The Trustee shall establish, maintain and hold in trust the Costs of Issuance Fund, and the moneys in said fund shall be disbursed and applied only as hereinafter authorized. All money in the Costs of Issuance Fund shall be withdrawn and applied to pay Costs of Issuance upon receipt by the Trustee of a Requisition of the Authority filed with the Trustee in substantially the form attached hereto as Appendix B. Each such Requisition shall be sequentially numbered, shall state the person to whom payment shall be made, the amount to be paid, the purpose for which such obligation was incurred, and that such payment is a proper charge against said fund. All moneys remaining in the Costs of Issuance Fund on October 1, 2013 (or such earlier date as the Authority may direct the Trustee in writing) shall be transferred by the Trustee to the Revenue Fund, provided that the Trustee shall notify the Authority in writing of its intention to close the Costs of Issuance Fund and transfer amounts on deposit therein to the Revenue Fund on October 1, 2013, and shall not close the Costs of Issuance Fund and make such transfer without first receiving a Request of the Authority to do so. Thereafter, the Costs of Issuance Fund shall be closed.
Establishment and Application of Costs of Issuance Fund. (a) The Trustee shall establish, maintain and hold in trust a separate fund to be known as the “Costs of Issuance Fund.” There shall be deposited in the Costs of Issuance Fund the amounts indicated in Section 3.01(a)(i) of this Indenture.
(b) The moneys in the Costs of Issuance Fund shall be used and withdrawn by the Trustee to pay the Costs of Issuance upon submission of Written Requisitions of the City stating the per- son to whom payment is to be made, the amount to be paid, payment instructions, the purpose for which the obligation was incurred and that such payment is a proper charge against said fund. Each such Written Requisition 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.
(c) On January 20, 2022, or upon the earlier Written Request of the City, all amounts re- maining in the Costs of Issuance Fund shall be transferred by the Trustee to the Project Fund and the Costs of Issuance Fund shall be closed.
Establishment and Application of Costs of Issuance Fund. The Trustee shall establish, maintain and hold in trust a separate fund designated as the “Costs of Issuance Fund.” The moneys in the Costs of Issuance Fund shall be used and withdrawn by the Trustee to pay the Costs of Issuance upon receipt by the Trustee of (i) a Requisition of the Corporation stating the Person to whom payment is to be made, the amount to be paid, the purpose for which the obligation was incurred and that such payment is a proper charge against said fund and (ii) an executed form OSH-CM-134 (or such other form as may be adopted by the Office for such purpose) of the Office stating that such disbursements are authorized and the amounts so authorized. On the one hundred eightieth (180th) day following the initial issuance of the Bonds, or upon the earlier Request of the Corporation, amounts, if any, remaining in the Costs of Issuance Fund shall, at the option of the Corporation, be transferred to the Project Fund or the Revenue Fund and the Costs of Issuance Fund shall be closed.
Establishment and Application of Costs of Issuance Fund. The Trustee shall establish, maintain and hold in trust a separate fund designated as the “Costs of Issuance Fund.” The Trustee shall disburse moneys in the Costs of Issuance Fund to pay the Costs of Issuance upon submission of written requisitions executed by a District Representative stating the person to whom payment is to be made, the amount to be paid, the purpose for which the obligation was incurred and that such payment is a proper charge against said fund. Payments under each such written requisition shall be made by check or wire transfer in accordance with the payment instructions set forth in the written requisition and the Trustee shall rely on such payment instructions with no duty to investigate or inquire as to the authenticity of the payment instructions or the authority under which they were given. On September 25, 2015, the Trustee shall withdraw all remaining moneys in the Costs of Issuance Fund and transfer such moneys to the Lease Payment Fund and the Costs of Issuance Fund shall be closed.
Establishment and Application of Costs of Issuance Fund. The Trustee shall establish, maintain and hold in trust a separate fund designated as the “Costs of Issuance Fund.” Moneys deposited in said fund shall be used and withdrawn by the Trustee to pay the Costs of Issuance of the Bonds upon Requisition of the Corporation, which shall be substantially in the form of Exhibit C, signed by an Authorized Representative of the Corporation, stating the person to whom payment is to be made, the amount to be paid, the purpose for which the obligation was incurred and that such payment is a proper charge against said fund, and including a copy of the invoice or statement evidencing the costs incurred. Each such Written Requisition of the Corporation 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 one hundred eightieth (180th) day following the initial issuance of the Bonds, or upon the earlier Request of the Corporation, amounts, if any, remaining in the Costs of Issuance Fund shall be transferred to the Project Fund and the Costs of Issuance Fund shall be closed.
