RES 87418 - Laserfiche WebLink

Base Rental Payments designated as prepaid Base Rental Payments. Moneys in the Prepayment Fund will be used and withdrawn by the Trustee solely for the purpose of paying the interest and principal and any applicable premium represented by the Certificates to be prepaid. (d) Trust Administration Fund. The Trustee will deposit in the Trust Administration Fund (the initial payment into which is provided for in Section 3.02(2) and which fund the Trustee agrees to establish and maintain so long as any Certificates are Outstanding) all amounts received from the City to be applied as additional Rental Payments under the Facility Lease, to be held by the Trustee for the benefit of the City until disbursed. The moneys in the Trust Administration Fund will be disbursed by the Trustee upon the Written Request of the Corporation, with the approval of the City Manager, or the Director of Finance of the City, or a duly authorized representative of one of the aforesaid, endorsed thereon, for the payment of administrative costs of the Corporation, including salaries, wages, all expenses, compensation and indemnification of the Trustee payable by the Corporation under the Trust Agreement, fees of the auditors, accountants, attorneys or engineers, insurance premiunLs and all other necessary administrative costs of the Corporation or charges required to be paid by it in order to maintain its corporate existence or to comply with the terms of the Certificates or of the Trust Agreement. The Trustee will, from time to time and as often as necessary to replenish and maintain a balance of five thousand dollars ($5,000) in said Fund, give notice to the City of such Additional Rental required to be paid pursuant to the Facility Lease. Rebate Fund The Trustee will establish and maintain a fund separate from any other fund established and maintained under the Trust Agreement designated as the Rebate Fund. The Trustee will establish and maintain separate subaccounts within the Rebate Fund to the extent required by the Rebate Certificate. There will be deposited in the Rebate Fund from lawfully available funds such amounts as are required to be deposited therein pursuant to the Rebate Certificate and instructions of the City given pursuant to the Rebate Certificate. All money at any time deposited in the Rebate Fund and any subaccount therein will be held by the Trustee in trust, to the extent required to satisfy the Rebate Requirement (as defined in the Rebate Certificate), for payment to the United States of America. All amounts required to be deposited into or on deposit in the Rebate Fund will be B-20 1685S ·