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(a) The Trustee shall deposit a sum equal to the amount set forth in such Written Request of the Authority in a separate fund(the "Costs of Issuance Fund"), which fund is hereby created and which fund the Authority hereby agrees and covenants to maintain with the Trustee hereunder The moneys in the Costs of Issuance Fund shall be disbursed, upon the Written Request of the Authority, to pay costs of issuance (or to make reimbursements or cash advances to the Authority, the City or any other state agency, public agency or person, firm or corporation for such costs) Upon delivery to the Trustee of a Written Request of the Authority no later than August 1, 2017, any Series 2017 Bond proceeds remaining in the Costs of Issuance Fund shall be applied by the Trustee to offset scheduled 2017 Installment Sale Payments required to be paid by the City under the Agreement or in such other manner as may be directed in such Written Request of the Authority (b) The Trustee shall transfer the sum of$ to for deposit in the Acquisition and Construction Fund, and SECTION 2 12 Use of Moneys in the Acquisition and Construction Fund All moneys in the Acquisition and Construction Fund shall be held by the City and applied by the City to the payment of Project Costs and of expenses incident thereto (or for making reimbursements to the Authority or the City or any other person, firm or corporation for such costs theretofore or thereafter paid by him or it), or shall be transferred to the Trustee for the payment of interest on the Series 2017 Bonds When the Project shall have been completed, the City shall (1) deliver to the Trustee a Certificate of Completion stating that all such costs of construction and incidental expenses for the Project have been determined and paid (or that all of such costs and expenses have been paid less specified claims which are subject to dispute and for which a retention in the Acquisition and Construction Fund is to be maintained in the full amount of such claims until such dispute is resolved), and(2) subject to the covenants contained in Section 5 03, transfer to the Trustee any moneys remaining in the Acquisition and Construction Fund (but less the amount of any such retention) for deposit in the Revenue Fund to be applied as a credit against the 2017 Installment Payments SECTION 2 13 Validity of Series 2017 Bonds The validity of the issuance of the Series 2017 Bonds shall not be dependent on or affected in any way by the proceedings taken by the Authority for the financing of the Project or by any contracts made by the Authority or its agents in connection therewith, and shall not be dependent upon the completion of the Project or upon the performance by any person, firm or corporation of his or its obligation with respect thereto The recital contained in the Series 2017 Bonds that the same are issued pursuant to the Act and pursuant hereto shall be conclusive evidence of their validity and of the regularity of their issuance, and all Series 2017 Bonds shall be incontestable from and after their issuance The Series 2017 Bonds shall be deemed to be issued, within the meaning hereof, whenever the definitive Series 2017 Bonds (or any temporary Series 2017 Bonds exchangeable therefor) shall have been delivered to the purchaser thereof and the proceeds of sale thereof received -13- 2762680 2