Cost of Issuance Fund. The Fiscal Agent shall use money on deposit to the credit of the Cost of Issuance Fund to pay the costs of issuance on the Delivery Date or as soon as practicable thereafter in accordance with a Requisition in the form of Exhibit D to be given to the Fiscal Agent by the Borrower on the Delivery Date, along with appropriate invoices for such expenses. Amounts in the Cost of Issuance Fund funded with proceeds of the Funding Loan, if any, shall be expended prior to the application of the Costs of Issuance Deposit. Investment Income on amounts on deposit in the Cost of Issuance Fund shall be retained in such fund. Amounts remaining on deposit in the Cost of Issuance Fund six (6) months after the Delivery Date shall be transferred to the Borrower. Upon such final disbursement, the Fiscal Agent shall close the Cost of Issuance Fund.
Cost of Issuance Fund. The term “
Cost of Issuance Fund. Moneys in the Cost of Issuance Fund shall be applied to the payment of Costs of Issuance, upon receipt of an Officer’s Certificate stating the person to whom and the purpose for which each payment is to be made, and the amount of such payment. Upon receipt of an Officer’s Certificate stating that the Costs of Issuance have been fully paid and in any event within six months of the Closing Date, the Trustee shall transfer any remaining balance to the Revenue Fund and such Fund shall be closed.
Cost of Issuance Fund. The Trustee shall use moneys on deposit to the credit of the Cost of Issuance Fund to pay the costs of issuance on the Delivery Date or as soon as practicable thereafter in accordance with written instructions to be given to the Trustee by the Issuer, upon delivery to the Trustee of appropriate invoices for such expenses and a requisition in the form attached as Exhibit E. Amounts remaining on deposit in the Cost of Issuance Fund six (6) months after the Delivery Date shall be refunded to the Borrower. Upon such final disbursement, the Trustee shall close the Cost of Issuance Fund.
Cost of Issuance Fund. The Cost of Issuance Fund is hereby created and shall be maintained by the Custodian. All moneys on deposit in the Cost of Issuance Fund shall be applied by the Custodian at the direction of the Authority for the payment of costs in connection with Closing expenses, including, without limitation, printing costs, regulatory fees, the fees and expenses of bond counsel, general counsel, bank counsel, placement agent’s counsel and other counsel, the fees and expenses of the Authority’s accountant, manager, special consultants, and other professionals, the costs of the Custodian, and other costs and expenses of the Authority relating to the Closing of the Loan, all as set forth in the Closing Memo attached hereto as Exhibit A. The Cost of Issuance Fund shall be funded at Closing in the amount of $[ ]. All amounts shown on the Closing Memo for which the Custodian receives an invoice at Closing shall be paid from the Cost of Issuance Account. Amounts remaining on deposit in the Cost of Issuance on the date that is 180 days after the Closing shall be transferred by the Custodian to the Senior Payment Fund.
Cost of Issuance Fund. The Trustee shall use money on deposit to the credit of the Cost of Issuance Fund to pay the costs of issuance on the Delivery Date or as soon as practicable thereafter in accordance with written instructions to be given to the Trustee by the Borrower, as set forth in the closing memorandum prepared by the underwriter for the Bonds (and accepted and agreed to by the Issuer and the Borrower) on the Delivery Date or by Requisition, upon delivery to the Trustee of appropriate invoices for such expenses. Amounts in the Costs of Issuance Fund funded with proceeds of the Bonds, if any, shall be expended prior to the application of the Costs of Issuance Deposit. Investment earnings on amounts in the Cost of Issuance Fund shall be retained in such fund. Amounts remaining on deposit in the Cost of Issuance Fund six (6) months after the Delivery Date shall be transferred to the Borrower. Upon such final disbursement, the Trustee shall close the Cost of Issuance Fund.
Cost of Issuance Fund. The Company shall deposit to the Cost of Issuance Fund an amount sufficient to pay all costs incurred in connection with the authorization, issuance and sale of the Bonds, to the extent the same are approved by the Company. The Trustee shall transfer amounts from the Cost of Issuance Fund as directed by the Company. The Trustee shall keep and maintain adequate records pertaining to the Cost of Issuance Fund, and all payments therefrom, which shall be open to inspection by the Company, Registered Owners of the Bonds, the Beneficial Owners or their duly authorized agents during normal business hours of the Trustee.
Cost of Issuance Fund. There is hereby established in trust a special fund designated as the “Cost of Issuance Fund” and within such fund a separate account for each Series of Certificates which shall be held by the Trustee and which shall be kept separate and apart from all other funds and accounts held by the Trustee. The Trustee shall disburse moneys from each account within the Cost of Issuance Fund on such dates and in such amounts as are necessary to pay Costs of Issuance for the corresponding Series of Certificates, in each case upon the Written Request of the City, with the approval of the Finance Director of the City, stating the person to whom payment is to be made, the amount to be paid, the purpose for which the obligation was incurred and that such payment is a proper charge against the Cost of Issuance Fund. Upon receipt of the Certificate of Completion described in Section 3.03 hereof, the Trustee shall transfer any amounts then remaining in any account established with respect to any Series of Certificates within the Cost of Issuance Fund to the Certificate Reserve Fund to the extent the amount on deposit therein is less than the Certificate Reserve Fund Requirement, and such remainder to the Base Rental Fund. At any time prior to receipt of the Certificate of Completion, upon receipt of a Written Request of the City stating that all Costs of Issuance have been paid, the Trustee shall transfer any amounts remaining in the Cost of Issuance Fund to the Certificate Fund.
Cost of Issuance Fund. The Fiscal Agent shall use money on deposit to the credit of the Cost of Issuance Fund to pay the costs of issuance on the Delivery Date or as soon as practicable thereafter in accordance with a Requisition in the form of Exhibit D to be given to the Fiscal Agent by the Borrower on the Delivery Date, along with appropriate invoices for such expenses, provided that no requisition shall be required for the payment of Costs of Issuance set forth on the closing memorandum delivered to the Fiscal Agent on the Delivery Date. Amounts in the Cost of Issuance Fund funded with proceeds of the Funding Loan, if any, shall be expended prior to the application of the Costs of Issuance Deposit. Investment Income on amounts on deposit in the Cost of Issuance Fund shall be retained in such fund. Amounts remaining on deposit in the Cost of Issuance Fund six (6) months after the Delivery Date shall be transferred to the Borrower. Upon such final disbursement, the Fiscal Agent shall close the Cost of Issuance Fund.
Cost of Issuance Fund. The Fiscal Agent shall use money on deposit to the credit of the Cost of Issuance Fund to pay the Costs of Issuance on the Delivery Date or as soon as practicable thereafter in accordance with a Requisition in the form of Exhibit D to be given to the Fiscal Agent by the Borrower on the Delivery Date, along with appropriate invoices for such expenses. Amounts in the Cost of Issuance Fund funded with proceeds of the Funding Loan, if any, shall be expended prior to the application of the Costs of Issuance Deposit. Investment Income on amounts on deposit in the Cost of Issuance Fund shall be retained in such fund. Amounts remaining on deposit in the Cost of Issuance Fund six (6) months after the Delivery Date shall (i) if such amounts derive from proceeds of the Funding Loan, be transferred to the Project Account of the Project Loan Fund and (ii) if such amounts derive from any other source, be transferred to the Borrower. Upon such final disbursement, the Fiscal Agent shall close the Cost of Issuance Fund.
