Common use of Establishment and Application of Costs of Issuance Fund Clause in Contracts

Establishment and Application of Costs of Issuance Fund. (a) The Trustee shall establish a special trust fund designated as the “City of Avondale Series 2019 Costs of Issuance Fund” (herein referred to as the “Costs of Issuance Fund”), shall keep such fund separate and apart from all other funds and moneys held by it and shall administer such fund as provided in this Trust Agreement. (b) Amounts in the Costs of Issuance Fund shall be disbursed for the payment of Delivery Costs. Disbursements from the Costs of Issuance Fund shall be made by the Trustee upon receipt of a requisition for disbursement (on which the Trustee is entitled to rely) executed or approved by the City Representative. Each such certificate shall set forth the amounts to be disbursed for payment, or reimbursement of previous payments, of Delivery Costs and the person or persons to whom said amounts are to be disbursed. The Trustee has no duty or obligation to confirm that such disbursements constitute Delivery Costs. (c) On the earlier of December 1, 2019, or when all Delivery Costs associated with the Obligations have been paid (as shown by a certificate of a City Representative, if requested by the Trustee), the Trustee shall transfer any amounts remaining in the Costs of Issuance Fund to the Payment Fund and the Costs of Issuance Fund shall be closed.

Establishment and Application of Costs of Issuance Fund. (a) The Trustee shall establish a special trust fund designated as the “City Town of Avondale Chino Valley, Arizona Series 2019 2021 Costs of Issuance Fund” (herein referred to as the “Costs of Issuance Fund”), shall keep such fund separate and apart from all other funds and moneys held by it and shall administer such fund as provided in this Trust Agreement. (b) Amounts in the Costs of Issuance Fund shall be disbursed for the payment of Delivery Costs. Disbursements from the Costs of Issuance Fund shall be made by the Trustee upon receipt of a requisition for disbursement (on which the Trustee is entitled to rely) executed or approved by the City Town Representative. Each such certificate shall set forth the amounts to be disbursed for payment, or reimbursement of previous payments, of Delivery Costs and the person or persons to whom said amounts are to be disbursed. The Trustee has no duty or obligation to confirm that such disbursements constitute Delivery Costs. (c) On the earlier of December January 1, 20192022, or when all Delivery Costs associated with the Obligations have been paid (as shown by a certificate of a City Town Representative, if requested by the Trustee), the Trustee shall transfer any amounts remaining in the Costs of Issuance Fund to the Payment Fund and the Costs of Issuance Fund shall be closed.

Establishment and Application of Costs of Issuance Fund. (a) The Trustee shall establish a special trust fund designated as the “City of Avondale Peoria, Arizona Series 2019 2022 Costs of Issuance Fund” (herein referred to as the “Costs of Issuance Fund”), shall keep such fund separate and apart from all other funds and moneys held by it and shall administer such fund as provided in this Trust Agreement. (b) Amounts in the Costs of Issuance Fund shall be disbursed for the payment of Delivery Costs. Disbursements from the Costs of Issuance Fund shall be made by the Trustee upon receipt of a requisition for disbursement (on which the Trustee is entitled to rely) executed or approved by the City Representative. Each such certificate shall set forth the amounts to be disbursed for payment, or reimbursement of previous payments, of Delivery Costs and the person or persons to whom said amounts are to be disbursed. The Trustee has no duty or obligation to confirm that such disbursements constitute Delivery Costs. (c) On the earlier of December July 1, 20192022, or when all Delivery Costs associated with the Obligations have been paid (as shown by a certificate of a City Representative, if requested by the Trustee), the Trustee shall transfer any amounts remaining in the Costs of Issuance Fund to the Payment Fund Fund, and the Costs of Issuance Fund shall be closed.

Establishment and Application of Costs of Issuance Fund. (a) The Trustee shall establish a special trust fund designated as the “City of Avondale Flagstaff Series 2019 2018 Costs of Issuance Fund” (herein referred to as the “Costs of Issuance Fund”), shall keep such fund separate and apart from all other funds and moneys held by it and shall administer such fund as provided in this Trust Agreement. (b) Amounts in the Costs of Issuance Fund shall be disbursed for the payment of Delivery Costs. Disbursements from the Costs of Issuance Fund shall be made by the Trustee upon receipt of a requisition for disbursement (on which the Trustee is entitled to rely) executed or approved by the City Representative. Each such certificate shall set forth the amounts to be disbursed for payment, or reimbursement of previous payments, of Delivery Costs and the person or persons to whom said amounts are to be disbursed. The Trustee has no duty or obligation to confirm that such disbursements constitute Delivery Costs. (c) On the earlier of December 1, 20192018, or when all Delivery Costs associated with the Obligations have been paid (as shown by a certificate of a City Representative, if requested by the Trustee), the Trustee shall transfer any amounts remaining in the Costs of Issuance Fund to the Payment Fund Fund, and the Costs of Issuance Fund shall be closed.

Establishment and Application of Costs of Issuance Fund. (a) The Trustee shall establish a special trust fund designated as the “City of Avondale Series 2019 Tempe 2020 Water and Sewer Revenue Obligations Costs of Issuance Fund” (herein referred to as the “Costs of Issuance Fund”), shall keep such fund Costs of Issuance Fund separate and apart from all other funds and moneys held by it it, and shall administer such fund Costs of Issuance Fund as provided in this Trust AgreementArticle III. (b) Amounts in the Costs of Issuance Fund shall be disbursed for Delivery Costs incurred in association with the payment issuance of Delivery Coststhe Obligations. Disbursements from the Costs of Issuance Fund shall be made by the Trustee upon receipt of a requisition for certificate requesting disbursement (on which the Trustee is entitled to rely) executed or approved by the Authorized City Representative. Each such certificate shall set forth (i) the amounts to be disbursed for payment, or reimbursement of previous payments, of Delivery Costs and (ii) the person or persons to whom said amounts are to be disbursed. The Trustee has no duty or obligation to confirm that such disbursements constitute Delivery Costs. (c) On the earlier of December September 1, 20192020, or when all Delivery Costs associated with the Obligations have been paid (as shown by a certificate of a an Authorized City Representative, if requested by the Trustee), the Trustee shall transfer any amounts remaining in the Costs of Issuance Fund to the Payment Fund and the Costs of Issuance Fund shall be closed.

Establishment and Application of Costs of Issuance Fund. (a) The Trustee shall establish a special trust fund designated as the “City of Avondale Douglas, Arizona Series 2019 2024 Costs of Issuance Fund” (herein referred to as the “Costs of Issuance Fund”), shall keep such fund separate and apart from all other funds and moneys held by it and shall administer such fund as provided in this Trust Agreement. (b) Amounts in the Costs of Issuance Fund shall be disbursed for the payment of Delivery Costs. Disbursements from the Costs of Issuance Fund shall be made by the Trustee upon receipt of a requisition for disbursement (on which the Trustee is entitled to conclusively rely) executed or approved by the City Representative. Each such certificate shall set forth the amounts to be disbursed for payment, or reimbursement of previous payments, of Delivery Costs and the person or persons to whom said amounts are to be disbursed. The Trustee has no duty or obligation to confirm that such disbursements constitute Delivery Costs. (c) On the earlier of December June 1, 20192025, or when all Delivery Costs associated with the Obligations Obligation have been paid (as shown by a certificate of a City Representative, if requested by the Trustee), the Trustee shall transfer any amounts remaining in the Costs of Issuance Fund to the Payment Fund Fund, and the Costs of Issuance Fund shall be closed.