RES 87418 - Laserfiche WebLink

of Capital Project I, and that no Event of Default (as that term is defined in Section 11 of the Facility Lease) has occurred and is continuing. Upon receipt of each such Written Request and accompanying Certificates, the Trustee will pay the amount set forth in such Written Request as directed by the terms thereof. The Trustee need not make any such payment if it has received notice of any lien, right to lien or attachment upon, or claim affecting the right to receive payment of, any of the moneys to be so paid, which has not been released or will not be released simultaneously with such payment. When Capital Project I shall have been completed, a Certificate of Completion, together with an Inspectors' Certificate stating the fact and date of such completion, shall be delivered to the Trustee by the Corporation stating that all such costs of construction and incidental expenses 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). Upon the receipt of the Certificate of Completion, the Trustee shall transfer any remaining balance in the Acquisition and Construction Fund and not needed for Acquisition and Construction Fund purposes (but less the amount of any such retention) to the Certificate Reserve Fund established under the Facility Lease to the extent necessary to make the amount on deposit therein equal the Certificate'Reserve Fund Requirement (as such term is defined in the Facility Lease) and shall transfer any excess to the City. ARTICLE IV PREPAYMENT OF CERTIFICATES SECTION 4.01. Terms of Prepayment. (a) The Certificates are subject to prepayment on any date prior to their respective Certificate Payment Dates, upon notice as hereinafter provided, as a whole, or in part by lot within each Certificate Payment Date so that the aggregate annual amounts of principal represented by the Certificates which shall be payable after such prepayment date shall correspond to the principal component of the reduced Base Rental resulting from a casualty loss or governmental taking of the Demised Premises and Capital Projects I and II or portions thereof, from prepaid Base Rental Payments made by the City from funds received by the City due to such casualty loss or governmental taking, if such amounts are not used to repair or replace the Demised Premises and Capital Projects I and II in 26 1451S