Common use of Payment of Project Costs for Machinery and Equipment Clause in Contracts

Payment of Project Costs for Machinery and Equipment. The Issuer hereby agrees to pay for the purchase and acquisition of machinery and equipment constituting a part of the Improvements, but solely from the Project Fund, from time to time, upon receipt by the Trustee of a certificate signed by the Authorized Company Representative in the form provided by Appendix A hereto which is incorporated herein by reference and accompanied by the following specific information: (a) Name of seller; (b) Name of the manufacturer; (c) A copy of the seller’s invoice, purchase order or other like document evidencing the purchase by the Company of such machinery and/or equipment; (d) Common descriptive name of machinery or equipment; (e) Manufacturer’s or seller’s technical description of machinery or equipment; (f) Capacity or similar designation; (g) Serial number, if any; and (h) Model number, if any. The sole obligation of the Issuer under this Section shall be to cause the Trustee to make such disbursements upon receipt of said certificates. The Trustee may rely fully on any such certificate and shall not be required to make any independent investigation in connection therewith, except that the Trustee shall investigate requests for reimbursements directly to the Company and shall require such supporting evidence as would be required by a reasonable and prudent corporate trustee. All machinery, equipment and/or personal property acquired, in whole or in part, from funds deposited in the Project Fund pursuant to this Section shall be a part of the Project.

Payment of Project Costs for Machinery and Equipment. The Issuer hereby agrees to pay for the purchase and acquisition of machinery and equipment constituting a part of the Improvements, but solely from the Project Fund, from time to time, upon receipt by the Trustee Trustee, with a copy to the Issuer, of a certificate signed by the Authorized Company Representative in the form provided by Appendix A hereto which is incorporated herein by reference and accompanied by the following specific information: (a) Name of seller; (b) Name of the manufacturer; (c) A copy of the seller’s invoice, purchase order or other like document evidencing the purchase by the Company of such machinery and/or equipment; (d) Common descriptive name of machinery or equipment; (e) Manufacturer’s or seller’s technical description of machinery or equipment; (f) Capacity or similar designation; (g) Serial number, if any; and (h) Model number, if any. The sole obligation of the Issuer under this Section shall be to cause the Trustee to make such disbursements upon receipt of said certificates. The Trustee may rely fully on any such certificate and shall not be required to make any independent investigation in connection therewith, except that the Trustee shall investigate requests for reimbursements directly to the Company and shall require such supporting evidence as would be required by a reasonable and prudent corporate trustee. All machinery, equipment and/or personal property acquired, in whole or in part, from funds deposited in the Project Fund pursuant to this Section shall be a part of the Project.