Common use of Payments to Issuer Clause in Contracts

Payments to Issuer. Out of funds provided by the Company, there shall be paid (i) all of the Issuer’s reasonable actual out-of-pocket expenses and costs of issuance in connection with the Bonds, and (ii) on the date of delivery of the Bonds, an issuance fee to the Issuer in the amount of 1/20th of 1% of the face amount of the Bonds. The Company agrees to make administrative payments directly to the Issuer on June 1 of each year in an amount equal to 1/10th of 1% of the outstanding Bonds on January 1 of each year unless waived by the Issuer, if billed. The administrative payments shall be used for the purpose of paying administrative and related costs of the Issuer, but shall not include Trustee fees or expenses incurred by the Issuer in enforcing the provisions of this Agreement. The Issuer agrees that it will notify the Company in writing prior to March 15 of each year thereafter whether it shall waive such administrative payments for such year. If these fees are not waived, such written notice shall advise the Company of the amount that is to be paid (not to exceed 1/10 of 1% per annum of the outstanding Bonds on January 1 of each year), the date on which payment is due, and where such payment is to be remitted. In the event the Company should fail to pay such administrative expenses then due, the payment shall continue as an obligation of the Company until the amount shall have been fully paid, and the Company agrees to pay the same with interest thereon (to the extent legally enforceable) at a rate per annum equal to the interest rate in effect from time to time on the Bonds, until paid.

Payments to Issuer. Out of money from the proceeds from the sale and delivery of the Bonds or out of funds provided by the Company, there shall be paid (i) all of the Issuer’s 's reasonable actual out-of-pocket expenses and costs of issuance Issuance Costs in connection with the Bonds, and (ii) on the date of delivery of the BondsIssue Date, an issuance fee to the Issuer in the amount of 1/20th of 1% of the face amount of the Bonds$15,000. The Company agrees to make administrative payments directly to the Issuer on June 1 of each year in an amount equal to 1/10th of 1% of the outstanding Bonds on January 1 of each year unless waived year, if billed by the Issuer, if billed. The administrative payments shall be used for the purpose of paying administrative and related costs of the Issuer, but shall not include Trustee fees or expenses incurred by the Issuer in enforcing the provisions of this Agreement. The Issuer agrees that it will notify bill the Company in writing prior to by March 15 of each year thereafter whether if it shall waive imposes such administrative payments for such year. If these fees are not waived, and such written notice bill shall advise the Company of the amount that is to be paid (not to exceed 1/10 of 1% per annum of the outstanding Bonds on January 1 of each yearannum), the date on which payment is due, and where such payment is to be remitted. In the event the Company should fail to pay such administrative expenses then due, the payment shall continue as an obligation of the Company until the amount shall have been fully paid, and the Company agrees to pay the same with interest thereon (to the extent legally enforceable) at a rate per annum equal to the interest rate in effect from time to time on the Bonds, until paid.

Payments to Issuer. Out of funds provided by the Company, there shall be paid (i) all of the Issuer’s 's reasonable actual out-of-pocket expenses and costs of issuance in connection with the Bonds, and (ii) on the date of delivery of the Bonds, an issuance a financing acceptance fee to the Issuer in the amount of 1/20th of 1% of the face principal amount of the Bonds. The Company further agrees to make annual administrative payments directly to the Issuer on June 1 of each year in an amount equal to 1/10th of 1% of the aggregate principal amount of the outstanding Bonds on January 1 of each year unless waived by the Issuer, if billed. The administrative payments shall be used for the purpose of paying administrative and related costs of the Issuer, but shall not include Trustee fees or expenses incurred by the Issuer in enforcing the provisions of this Agreement. The Issuer agrees that it will notify the Company in writing prior to March 15 of each year thereafter whether it shall waive such administrative payments for such year. If these fees are not waived, such written notice shall advise the Company of the amount that is to be paid (not to exceed 1/10 1/10th of 1% per annum of the outstanding Bonds on January 1 of each yearannum), the date on which payment is due, and where such payment is to be remitted. In the event the Company should fail to pay such administrative expenses then due, the payment shall continue as an obligation of the Company until the amount shall have been fully paid, and the Company agrees to pay the same with interest thereon (to the extent legally enforceable) at a rate per annum equal to the interest rate in effect from time to time on the Bonds, until paid.

Payments to Issuer. Out of money from the proceeds from the sale and delivery of the Bonds or out of funds provided by the Company, there shall be paid (i) all of the Issuer’s 's reasonable actual out-of-pocket expenses and costs of issuance Issuance Costs in connection with the Bonds, and (ii) on the date of delivery of the BondsIssue Date, an issuance fee to the Issuer in the amount of 1/20th of 1% of the face amount of the Bonds. The Company agrees to make administrative payments directly to the Issuer on June 1 of each year in an amount equal to 1/10th of 1% of the outstanding Bonds on January 1 of each year year, unless waived by the Issuer, if billed. The administrative payments shall be used for the purpose of paying administrative and related costs of the Issuer, but shall not include Trustee fees or expenses incurred by the Issuer in enforcing the provisions of this Agreement. The Issuer agrees that it will notify the Company in writing prior to March 15 of each year thereafter whether it shall waive such administrative payments for such year. If these fees are not waived, such written notice shall advise the Company of the amount that is to be paid (not to exceed 1/10 of 1% per annum of the outstanding Bonds on January 1 of each yearannum), the date on which payment is due, and where such payment is to be remitted. In the event the Company should fail to pay such administrative expenses then due, the payment shall continue as an obligation of the Company until the amount shall have been fully paid, and the Company agrees to pay the same with interest thereon (to the extent legally enforceable) at a rate per annum equal to the interest rate in effect from time to time on the Bonds, until paid.

Payments to Issuer. Out of money from the proceeds from the sale and delivery of the Bonds or out of funds provided by the Company, there shall be paid (i) all of the Issuer’s 's reasonable actual out-of-pocket expenses and costs of issuance Issuance Costs in connection with the Bonds, and (ii) on the date of delivery of the BondsIssue Date, an issuance fee to the Issuer in the amount of 1/20th of 1% of the face amount of the Bonds. The Company agrees to make administrative payments directly to the Issuer on June 1 of each year in an amount equal to 1/10th of 1% of the outstanding Bonds on January 1 of each year unless waived by the Issuer, if billed. The administrative payments shall be used for the purpose of paying administrative and related costs of the Issuer, but shall not include Trustee fees or expenses incurred by the Issuer in enforcing the provisions of this Agreement. The Issuer has determined to waive the administrative payments for the calendar year ending December 31, 2006 and agrees that it will notify the Company in writing prior to March 15 of each year thereafter whether it shall waive such administrative payments for such year. If these fees are not waived, such written notice shall advise the Company of the amount that is to be paid (not to exceed 1/10 of 1% per annum of the outstanding Bonds on January 1 of each yearannum), the date on which payment is due, and where such payment is to be remitted. In the event the Company should fail to pay such administrative expenses then due, the payment shall continue as an obligation of the Company until the amount shall have been fully paid, and the Company agrees to pay the same with interest thereon (to the extent legally enforceable) at a rate per annum equal to the interest rate in effect from time to time on the Bonds, until paid.