Common use of Use of Bond Proceeds Clause in Contracts

Use of Bond Proceeds. The parties hereto agree that the proceeds of the Bonds will be used to (i) provide financing for the costs of the Project; (ii) fund the Reserve Account; (iii) fund capitalized interest on the Bonds through and including [November 1, 2019]; and (iv) pay costs of issuance of the Bonds and incidental and related expenses, as more fully set forth in the Trust Agreement.

Use of Bond Proceeds. The parties hereto agree that the proceeds of the Bonds will be used to (i) provide financing for the costs of the Project; (ii) [fund the Reserve AccountAccount][purchase a municipal bond debt service reserve insurance policy for deposit in the Reserve Account for the Bonds]; (iii) fund capitalized purchase a municipal bond insurance policy to guarantee the payment of principal of and interest on the Bonds through and including [November 1, 2019]Bonds; and (iv) pay costs of issuance of the Bonds and incidental and related expenses, as more fully set forth in the Trust Agreement.