Payment of Costs of Issuance by the Borrower. The Borrower agrees that it will provide any and all funds required for the prompt and full payment of Costs of Issuance for the Bonds, including, but not limited to, to pay the following items (the “Costs of Issuance”):
(a) all reasonable legal fees (including Bond Counsel and the respective counsel to the Borrower, the Issuer, the Bondholder Representative, the Guarantor, and the Trustee), abstractors’, title insurance, financial, engineering, environmental, construction services, appraisal and accounting fees and expenses, administrative fees, printing and engraving costs, and other expenses incurred and to be incurred by the Borrower, the Issuer (including the Issuance Fee), the Bondholder Representative and the Trustee in connection with issuance of the Bonds;
(b) all recording fees and other taxes, charges, assessments, license, or registration fees of every nature whatsoever incurred and to be incurred in connection with the issuances of the Bonds;
(c) all initial fees and expenses of the Trustee, the Paying Agent, and the Issuer;
(d) all reasonable fees and expenses for title insurance, survey, and related matters;
(e) a non-refundable origination fee due to the initial Bondholder Representative for the Construction Loan upon execution of this Agreement, in the amount of $210,000 (i.e., 0.75% of total Bonds);
(f) a non-refundable origination fee due to the Bank for the Taxable Tail Loan upon execution of this Agreement, in the amount of $337,500.00 (i.e., 0.75% of the Taxable Tail Loan);
(g) As additional consideration for the issuance of the Bank Letter of Credit, the Borrower shall pay to the Bond Owner a commitment fee due to the Bond Owner to issue the Bank Letter of Credit in the amount of $17,250.00 (1.5% of the face amount of the Bank Letter of Credit), [together with an issuance fee of $500.00];
(h) As additional consideration for the issuance of the Bank Letter of Credit, beginning on the Closing Date, the Borrower shall pay to Bank an annual servicing fee of one and one-half percent (1.50%) per annum, calculated based upon the face amount of the Bank Letter of Credit, quarterly in advance.
(i) all fees due to the Permanent Lender upon the execution of the Forward Bond Purchase Agreement; and
(j) all other reasonable Costs of Issuance actually incurred.
