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85006350
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Last modified
10/18/2011 4:47:08 AM
Creation date
4/1/2008 5:35:35 PM
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DEEDS
Inst Number
85006350
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85, 0063510 <br />Costs in excess of $500 and total of all items of the <br />Eligible Costs of $500 or less, certified to have been <br />paid by and requested to be reimbursed to Company; <br />(ii) A statement that each item of the Eligible <br />Costs for which payment or reimbursement is requested is <br />or was necessary in connection with the Project and none <br />of such items has formed the basis for any previous <br />disbursement from the Construction Fund; <br />(iii) A statement of the total Eligible Costs <br />estimated on the date of the certificate (whether or not <br />such estimated total Eligible Costs exceeds the proceeds <br />of the Bonds), itemized to show separately the,total <br />amount then and theretofore certified for payment and <br />the tote} amount remaining to be paid (a) under one or <br />more construction contracts, as affected by any <br />modifications or additions since the last certificate, <br />(b) for acquisition (and installation not covered by the <br />construction contracts) of equipment, and (c) with <br />respect to all other items of Eligible Costs; <br />(iv) A statement that the contractor has paid in <br />full or has otherwise satisfied all obligations for all <br />materials and equipment furnished for all work, labor <br />and services performed and for all known indebtedness <br />and claims against the contractor for damages arising in <br />any manner in connection with the performance of the <br />work contract for which Company or the property of <br />Company might in any way be held responsible; and <br />(v) A statement that sufficient funds are available <br />to pay for the remaining Eligible Costs. <br />Upon request of Trustee, Company will furnish the receipts <br />or lien waivers necessary to establish the payments specified <br />above, and any other documentation which the Trustee, in its <br />discretion, may deem necessary as a condition for disbursement <br />of money from the Construction Fund. <br />Section 4.4. Furnishing Documents to Trustee. Company <br />agrees to cause such requisitions to be directed to Trustee as <br />may be necessary to effect disbursements out of the Construc- <br />tion Fund as shall be necessary to complete the acquisition, <br />construction, improving and equipping of the Project. <br />-19- <br />J <br />
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