82001123 - Laserfiche WebLink

Browse

I 82°- s1~;1 g ~`~ AttTZCI.E vr. Custody and Application of Proceeds of Bonds Section 641. There i.^, hereby created by the Issuer and established w*_h the Trustee a trust fund in the:naffie of the Issuer to be designated "Ha11/Real Estate Dynamics; Ltd. Project Acquisition Fund" (which is herein cailed•'the "Acquisition. Fund"j. The proceeds from the sale of the 19$2 Bonds (except for accrued interest depo ited in the Bond Fund}. shall be deposited in the Acquisition Fund and shall, on date of issue and delivery of the 19$2 Bonds, be e~,-pended on orders and requisitions signed by the president or env vice president of the General Partner of the Lessee, in pay.- went of the costs and expenses incident to issuance, sale and delivery of the 1982 Bonds, including but not limited to those specified in Section a.l of the Lease, the entire balance. remaining in th,e said Acquisition Fund after making said payments to be paid aver to the Lessee pursuant to the terms and provisions of the Contract between the Issuer and the Lessee which is more particularly described and referred to in Section 4.<' of the Lease. The Trustee is hereby authorized and directed to issue its check, drawn upon the Acquisition Fund, for each dis- burse~sent called far by thi.. Section 641. ~, -~» ~.