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200806452
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200806452
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Last modified
7/29/2008 3:19:50 PM
Creation date
7/29/2008 3:19:46 PM
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DEEDS
Inst Number
200806452
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<br />200806452 <br /> <br />(v) the payment of the amount requested will not result in a breach of <br />the covenants of the Company contained in this Agreement; <br /> <br />(vi) the expenditure of such amount to be disbursed, when added to all <br />disbursements under previous requisitions, will result in at least 95% of the total <br />of such disbursements being used to provide "solid waste disposal facilities" <br />within the meaning of Section 142(a)(6) of the Code or facilities functionally <br />related and subordinate thereto; and <br /> <br />(vii) in the case of requisitions for Costs of Issuance, that the <br />cumulative total amount disbursed thereunder for Costs of Issuance, together with <br />any compensation to the Underwriter as a discount, does not exceed 2% of the <br />proceeds of the Bonds. <br /> <br />The Trustee will accept for payment a facsimile copy of a duly executed request <br />for payment from the Company (which request shall state that no Event of Default, or <br />event that with the passage of time or giving of notice would become an Event of <br />Default, exists hereunder) with all of the required exhibits and information attached, to be <br />followed promptly by delivery to the Trustee of the original documents. The Trustee <br />may rely, without further investigation, on the genuineness of such request of the <br />Company and the signatures of the Authorized Company Representative. <br /> <br />(c) The Issuer hereby gives its express written authority to the Company, <br />absent an Event of Default, to direct the investment of the Construction Fund by the <br />Trustee as hereinafter provided and as permitted by the Indenture. Any money held as <br />part of the Construction Fund shall be invested or reinvested by the Trustee in the same <br />manner as provided for money on deposit in the Bond Fund. Upon acceleration of the <br />maturity of the Bonds pursuant to the Indenture, subject to Section 6.04 of the Indenture, <br />any amounts held in or on deposit in the Construction Fund shall be transferred by the <br />Trustee to the Bond Fund. <br /> <br />(d) If, upon delivery of the Completion Certificate for the Project, there shall <br />be any surplus funds remaining in the Construction Fund not required to provide for the <br />payment of the costs of acquisition, construction, improving and equipping of the Project, <br />such funds shall, upon the written request of the Authorized Company Representative to <br />the Trustee, be used by the Trustee (i) to purchase for cancellation Bonds at any <br />reasonable price as determined by the Authorized Company Representative, which price, <br />however, shall not exceed the principal amount thereof plus accrued interest thereon or <br />(ii) to redeem Bonds in the largest principal amount then subject to redemption at par <br />(together with accrued interest thereon) that does not exceed the amount of such funds. <br /> <br />Section 4.04. Termination of Construction; Completion Certificate. <br /> <br />(a) Anything in this Agreement to the contrary notwithstanding, the Company <br />shall have the right at any time to terminate the construction of the Facility, including the <br />Project, if (i) the Company shall have determined that the construction or operation of the <br />Facility is impracticable, uneconomical or undesirable due to (A) the imposition of taxes, <br /> <br />4834-8191-0786.7 <br /> <br />26 <br />
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