Examples of Costs of Issuance Fund in a sentence
Such moneys deposited into the Costs of Issuance Fund shall be disbursed by the Trustee to pay the costs of execution and delivery of the Certificates as directed in writing by the City or paid directly by the City.
Upon the earlier of the date that is six months following the date of the Series 2017 Certificates or the receipt by the Trustee of a written notice of the City that the remaining moneys in the Costs of Issuance Fund are not needed to pay the costs of execution and delivery of the Series 2017 Certificates the Trustee shall transfer such remaining amounts to the Interest Account of the Certificate Fund and the Costs of Issuance Fund shall, without further direction, be closed.
The Certificate Fund, the Costs of Issuance Fund, and, except for the Rebate Fund and any escrow accounts established pursuant to Section 9.01 hereof, any other fund or account created hereunder shall be held by the Trustee, for the benefit of the Owners as specified in the Indenture, subject to the terms of this Indenture, the Lease and the Site Lease.
A special fund is hereby created and established by the Trustee and designated the “Costs of Issuance Fund.” There shall be deposited into the Costs of Issuance Fund or transferred to the City from proceeds of the Series 2017 Certificates an amount equal to the Costs of Issuance, as certified by a City Representative.
There shall be deposited in the Costs of Issuance Fund the portion, if any, of the proceeds of the sale of any Additional Bonds required to be deposited therein under the Supplemental Indenture pursuant to which such Additional Bonds are issued.