Examples of Costs of Issuance in a sentence
The money and investments in the Project Fund shall be held in trust and, except as otherwise provided in the Agreement, shall be applied by the Authority as described below.The Authority shall pay from the Project Fund the Costs of Issuance, including any expenses of the City in connection with the issuance of the Bonds and Notes that are approved by the Authority, and disburse funds to the City to finance, by payment or reimbursement, Project Capital Costs.
The Borrower’s certification that at least 97% the Net Proceeds of the Bonds were applied to pay or reimburse Qualified Project Costs; that not more than 1% (3% upon the Trustee’s receipt of a Favorable Opinion of Bond Counsel) of the Net Proceeds of the Bonds were applied to pay or reimburse Project Costs other than Qualified Project Costs; and that no more than 2% of the proceeds of the Bonds (face amount of the Bonds, less original issue discount, if any) were used to pay Costs of Issuance.
Any moneys remaining in the Costs of Issuance Fund on the earlier of the payment of all Costs of Issuance or December 1, 2013, shall be transferred to the Project Fund.
All moneys in the Construction Fund were disbursed to pay the Project Costs (including the Costs of Issuance relating to the Bonds) or to reimburse the Company for Project Costs paid by it.
The Trustee shall make payments from the Project Fund upon receipt of a written requisition, in the form attached as Exhibit D, approved by the Servicer (which approval shall not be unreasonably withheld, conditioned or delayed) and in the case of any Costs of Issuance in the form attached as Exhibit E.