CHFA LOAN CLOSING - Laserfiche WebLink

2. Depository shall hold these funds and any disbursement of the funds shall be made only at the express written direction of CHFA. The Depository shall act coley at all times on instructions from CHFA with respect to the sum deposited hereunder. 3. Interest on the funds deposited hereunder will be paid by the Depository in accordance with the terms of the account. All interest shall be added to the amount originally deposited and shall be disbursed only in accordance with this Agreement. 4. Any balance remaining in this account at the end of the term of this Agreement, which is two (2) years from the date of CHFA's bond closing date, shall be returned to the Depositor. 5. The Depositor agrees to pay all costs or expenses incurred by the Depository, including court costs and reasonable attorneys' fees, by reason of acting as depository. Because the Depository hail act solely aL all times on written instructions from CHFA with repect to the funds deposited and accrued interest, the Depositor acknowledges that the Depository shall be relieved of any liability or claims of any nature, excepting any liability or claim arising from a negligent act or omission or misconduct of the Depository. 6. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original and such counterparts shall constitute one and the same instrument. It is understood and agreed that whenever used herein the singular number shall include the plural, the plural the singular, and the use of any gender shall be applicable to all genders. This agreement shall be binding upon and inure to the benefit of the respective successors and assigns of the parties hereto and upon the legal representatives of the Depositor. The word "CHFA" shall be deemed to include the successor or successors of that agency. In witness whereof the parties hereto have duly executed this Agreement the date and year first above written. 20:Bondfee.EHI CITY OF PLEASANTON, a municipal corporation, Depositor . l` By : fri'lr Cl Rod Davenport' Director of Finance BANK OF PLEASANTON, Depository % . Jot( Brooks President and Chief Executive Officer 2.