1982-141 - Laserfiche WebLink

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e i0 and upon receipt by the Trustee of requisitions (upo„ which the Trustee may rely and shall be protected in relying) signed by the Issuer's Representative and the Consulting Engineers' Represen- tative, stating with respect to each payment to be made: (1) the requisition number, (2) the name and address of the person to whom payment is due, (3) the amount to be paid, and (4) that each obligation, item of cost or expense mentioned therein has been properly incurred, is a proper charge against the Construction Fund and has not been the basis of any previous withdrawal, or (when the Issuer is described as the person to whom payment is due) that each obligation, item of cost or expense mentioned therein has been paid by the Issuer, is a proper charge against the Construction Fund, has not been theretofore reimbursed to the Issuer or otherwise been the basis of any previous withdrawal and that the Issuer is entitled to reimbursement thereof. (B) The Trustee will make disbursements from the Construction Fund only if the amount remaining on deposit in the Construction Fund, immediately after payment of the requested disbursement, which, together with investment income to be earned thereon prior to September 1, 1984, will be equal to at least $1,000,000 on September 1, 1984; provided, however, that this restriction will be inapplicable once the final commitment letter of the Government to purchase the Bonds has been filed with the Trustee, at which time the Trustee shall make disbursements of the balance of the money in the Construction Fund, upon appropriate requisitions, for the payment of any and all items of the Cost of the Project. (C) If the Trustee has not received on or prior to July 1, 1984, the final commitment letter, or a copy thereof, from the Government to the Issuer with respect to the Project and acknowledging the intention of the Government to purchase the Bonds, the Trustee will transfer all funds on deposit in the Construction Fund, including any additional Non Ad Valorem Funds, as defined in the Notes Resolution, furnished by the Issuer pur- suant to the Notes Resolution, to the Notes Payment Account for redemption of the outstanding Notes on September 1, 1984, at a price of par and accrued interest to the redemption date, and - publish notice of redemption in the mariner specified in the Notes Resolution. For 3 years from the date thereof, each requisition sub- mitted to the Trustee pursuant to this Agreement shall be retained by the Trustee, subject to inspection by the Issuer, its agents and representatives and the holders of any of the Notes or the Bonds and their respective agents and representatives. -6-