Master Applications for Payment. StadCo shall, on or before the 15th day of each month until all Project Costs have been paid, submit to the Trustee (with a copy to the Authority, the County, the Construction Monitor, the FinanceCo Agent, Ventures, and the Disbursing Agent) a withdrawal request requesting that the Trustee distribute funds from the applicable Accounts to the Disbursing Agent to pay Project Costs incurred or due and payable in connection with the design and construction of the Project Improvements (each, a “Funding Notice”), which shall be in substantially the form attached hereto as Exhibit B and shall attach, among other things, a Master Application for Payment. The Trustee shall be entitled to conclusively rely on StadCo’s representation that each Master Application for Payment is delivered in accordance with the FinanceCo Credit Facility.
Master Applications for Payment. StadCo shall, on or before the [15]th day of each month until all Project Costs have been paid, submit to the Trustee (with a copy to the Authority, the Construction Monitor, the FinanceCo Agent, Ventures, and the Disbursing Agent) a withdrawal request requesting that the Trustee distribute funds from the applicable Accounts to the Disbursing Agent to pay Project Costs incurred or due and payable in connection with the design and construction of the Project Improvements (each, a “Master Application for Payment”). Each Master Application for Payment shall be in substantially the form attached hereto as Exhibit B (or such other form as is required to be delivered to the Construction Monitor and the FinanceCo Agent from time to time under the FinanceCo Credit Facility).
Master Applications for Payment. StadCo shall, on or before the [15]th day of each month until all Project Costs have been paid, submit to the Trustee (with a copy to the Authority, the County, the Construction Monitor, the FinanceCo Agent, Ventures, and the Disbursing Agent) a withdrawal request requesting that the Trustee distribute funds from the applicable Accounts to the Disbursing Agent to pay Project Costs incurred or due and payable in connection with the design and construction of the Project Improvements (each, a “Master Application for Payment”). Each Master Application for PaymentFunding Notice”), which shall be in substantially the form attached hereto as Exhibit B (or such other form as is required to be delivered to the Construction Monitor and the FinanceCo Agent from time to time under the FinanceCo Credit Facility); provided that theand shall attach, among other things, a Master Application for Payment. The Trustee shall be entitled to conclusively rely on StadCo’s representation that sucheach Master Application for Payment is delivered in accordance with the FinanceCo Credit Facility.
