Payments from Construction Fund. In the Indenture, the Authority has authorized and directed the Trustee to make payments from the Construction Fund to pay the Cost of the Project upon receipt of Requisitions signed by an Authorized Company Representative, setting forth the matters required pursuant to Exhibit "B" to the Indenture.
Payments from Construction Fund. 5 SECTION 3.05. Requisitions.................................................................................5 SECTION 3.06. Plans and Specifications.....................................................................5 SECTION 3.07.
Payments from Construction Fund. Payment of the cost of the Project shall be made from the Construction Fund. All payments from the Construction Fund shall be subject to the provisions and restrictions set forth in this Article.
Payments from Construction Fund. The Trustee shall use moneys in the Construction Fund solely to pay the Cost of Project. Before any payment shall be made from the Construction Fund, there shall be filed with the Trustee:
Payments from Construction Fund. Payments shall be made by the Trustee from the Construction Fund to the Borrower or its order, as the case may be, upon receipt of the draw request attached to the Loan Agreement as EXHIBIT B (“Construction Fund Draw Request”), which may be submitted by fax or by email in a PDF format. All payments made from the Construction Fund shall be presumed by the Trustee to be made for the purposes certified in said Construction Fund Draw Request, and the Trustee shall not be required to see to the application of any payments made from the Construction Fund. None of the funds in the Construction Fund shall be used for any purposes other than the payment or reimbursement of Project Costs and, if authorized hereby and applicable, the payment of principal of, premium (if any) on and interest on the Bonds. The Trustee shall not be bound to make an investigation into the facts or matters stated in any Construction Fund Draw Request and any certificates, orders, and requests and other documents received by the Trustee, as required by the Loan Agreement as conditions precedent to the payment from the Construction Fund. The Trustee shall not be responsible for determining whether the funds on hand in the Construction Fund are sufficient to complete the Project. The Trustee shall not be responsible to collect lien waivers.
Payments from Construction Fund. Payment of the cost of Improvements or any other payment permitted pursuant to Section 401 shall be made from the Construction Fund as herein provided. Moneys in the Construction Fund shall be disbursed by check, voucher, order, draft, certificate or warrant signed by the Executive Director or by any officer or employee of the Authority designated by him for such purpose.”
Payments from Construction Fund. Payment of the Cost of the Tollway shall be made from the Construction Fund. All payments from the Construction Fund shall be subject to the provisions and restrictions set forth in this Article, and the Authority covenants that it will not cause or permit to be paid from the Construction Fund any sums except in accordance with such provisions and restrictions. Also, payments and deposits shall be made from the Construction Fund as provided in Section 603. Section 404. Items of Cost. For the purpose of this Agreement the term "cost" when used with respect to any facility shall mean and include all costs related to such facility, and, without intending thereby to limit or restrict any such definition, shall include the following:
Payments from Construction Fund. Payment of the costs of the Project shall be made from the Construction Fund as herein provided as long as no Event of Default under Section 7.01 has occurred and is continuing. All payments from the Construction Fund shall be subject to the provisions and restrictions set forth in this Article, and the Issuer covenants that it will not cause or permit to be paid from the Construction Fund any sums except in accordance with the provisions and restrictions set forth in this Article.
Payments from Construction Fund. 52 Section 5.03. Excess Bond Proceeds ............................................53
Payments from Construction Fund. The Trustee shall make payments from the Construction Fund only upon receipt of:
