Common use of Establishment of Improvement Fund Clause in Contracts

Establishment of Improvement Fund. The Improvement Fund is hereby established as a separate fund to be held by the Fiscal Agent and to the credit of which fund deposits shall be made as required by Section 4.01 and as set forth in a Supplemental Agreement. Moneys in the Improvement Fund shall be disbursed for the payment or reimbursement of costs of the Authorized Facilities as directed by an Officer’s Certificate provided to the Fiscal Agent in the form attached to this Fiscal Agent Agreement as Exhibit D.

Establishment of Improvement Fund. The Improvement Fund is hereby established as a separate fund to be held by the Fiscal Agent and to Finance Director. The Finance Director shall deposit in the credit of which fund deposits shall be made as Improvement Fund on the Closing Date the amount required by Section 4.01 and as set forth in a Supplemental Agreement3.02(C). Moneys in the Improvement Fund shall be disbursed held by the Finance Director for the benefit of the County, and shall be disbursed, except as otherwise provided in subsection (D) of this Section, for the payment or reimbursement of costs of the Authorized Facilities as directed by an Officer’s Certificate provided to the Fiscal Agent in the form attached to this Fiscal Agent Agreement as Exhibit D.Project.