Agenda - 09-20-1994 - Laserfiche WebLink

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16 EXHIBIT B FORM OF REQUISITION To: Escrow Agent From: Wachovia Leasing Corporation In accordance with the terms of the Installment Purchase Contract, dated as of , 199_ (the "Agreement"), among Wachovia Leasing Corporation (the "Lender"), Orange County, North Carolina (the "Purchaser") and Wachovia Bank of North Carolina, N.A., as Escrow Agent (the "Escrow Agent") the Purchaser hereby requests the Escrow Agent to pay the following person the following amounts (less any taxes, maintenance, warranty fees, or freight) from the Escrow Fund(Account Number ) created under the Agreement (the "Escrow Fund") for the following purposes: Payee's Name Invoice Number Dollar Amount Purpose and Address The Purchaser hereby certifies that it has conducted such inspection of the Acquisition of the Project(as defined in the Agreement)as it deems necessary and appropriate and hereby acknowledges that it accepts such Acquisition for all purposes and authorizes the Escrow Agent to pay for such Acquisition. The Purchaser further certifies that the use of the Project is essential to its proper, efficient and economic operation; that it anticipates an ongoing need for the Project; that the Project will provide an essential use and permit the Purchaser to carry out public functions that it is authorized by law to perform; that obligations in the amounts stated above have been incurred by the Purchaser and are presently due and payable and have not been paid previously from the Escrow Fund; and that it reasonably believes that funds in an amount sufficient to make all Installment Payments (herein so called and as defined in the Agreement) under the Agreement will be available. Nothing contained in this certificate shall be construed as contractually obligating or otherwise binding the Purchaser, it being expressly stated that any and all obligations by the Purchaser with respect to the Project and the Installment Payments are limited to those expressly set forth in the Agreement. The Purchaser certifies that no Event of Default (as defined in the Agreement), and no event which with notice or lapse of time, or both, would become an Event of Default, has occurred and is continuing on the date hereof. The Purchaser further certifies that it has provided coverage and proof of insurance with respect to the Project and all risks required to be covered thereby pursuant to the provisions of the Agreement. Attached hereto is a contract certificate or an invoice or other evidence relating to the requested disbursement. Orange County Purchaser By: (Date) Wachovia Leasing Corporation By: (Date) C:(Data iwp\docsWC\ExhibitB