Payment for Construction of the Project Sample Clauses

Payment for Construction of the Project. (a) Costs and expenses of every nature incurred in the construction of the Project that qualify as Project Costs will be paid by the Trustee from the Project Fund upon receipt by the Trustee of a completed request of the City signed by an Authorized Representative and, except as provided in Section 6.04 of the Declaration of Trust, the Architect and containing the statements, representations and certifications set forth in the form of such request attached to the Declaration of Trust as Exhibit B. (b) In making disbursements for Project Costs, the Trustee may conclusively rely upon each written requisition certificate executed by an Authorized Representative without inquiry or investigation. It is understood that the Trustee will not make any inspections of the Leased Property nor any improvements thereon, make any provision to obtain completion bonds, mechanic’s or materialmen’s lien releases or otherwise supervise any phase of the construction or installation of the Project. The approval of each requisition certificate by an Authorized Representative will constitute unto the Trustee an irrevocable determination that all conditions precedent to the payment of the specified amounts from the Project Fund have been completed.