Common use of Costs of Issuance Clause in Contracts

Costs of Issuance. Developer shall be solely and independently liable for all bond issuance costs, including bond counsel fees for both the City Bodies and Developer, which amounts shall be paid from Bond proceeds. To the extent the public proceedings related to the Bonds have been completed but the Bonds have not been issued by July 1, 2021, the Developer will, upon the request of the City, pay the City’s cost of issuance from other funds. To the extent the Developer pays any bond costs of issuance from other funds, the Developer shall be entitled to reimbursement for such costs from Bond proceeds on the date of issuance of the Bonds.

Costs of Issuance. Developer shall be solely and independently liable for all bond issuance costs, including bond counsel fees for both the City Bodies and Developer, which amounts shall be paid from Bond proceeds. To the extent the public proceedings related to the Bonds have been completed but the Bonds have not been issued by July 1September 15, 20212019, the Developer will, upon the request of the City, pay the City’s cost of issuance from other funds. To the extent the Developer pays any bond costs of issuance from other funds, the Developer shall be entitled to reimbursement for such costs from Bond proceeds on the date of issuance of the Bonds.