Examples of Costs of Issuance Account in a sentence
The amounts specified in Section 5.01(c) shall be deposited in the Loan Account, the Capitalized Interest Account, the Costs of Issuance Account and the Equity Account of the Project Fund.
The Trustee may rely fully on the representations of the Borrower contained in any Requisition, upon the written approval of the Servicer set forth on any Requisition, and upon the approval by the Issuer of any Requisition for amounts in the Costs of Issuance Account, delivered pursuant to the Loan Agreement, this Indenture and the Construction Disbursement Agreement, and shall not be required to make any investigation, or inspection of the Project, in connection therewith.
Amounts remaining in the Costs of Issuance Account (including investment proceeds) after the payment of all costs of issuance, and in any event not later than thirty (30) days following the Closing Date, shall be transferred to the Equity Account of the Project Fund.
Amounts in the Costs of Issuance Account shall be disbursed by the Trustee on the Closing Date and thereafter only to pay costs of issuance of the Bonds pursuant to a closing statement signed by the Issuer identifying the amount to be paid and the payee.