Agenda - 03-02-2006-8bTA - Laserfiche WebLink

Browse Search

(e) A certificate signed by a County Representative directing the Trustee as to the application of proceeds from the sale of 2006A Certificates to ~Tarious funds and accounts established under this Trust Agreement. Section 1.05. Additional Certificates. So long as the Financing Contract remains in effect, the Company may provide for Additional Certificates to be executed and delivered under this Trust Agreement to provide funds {a) to complete the Financed Facilities, {b) to expand or improve the Financed Facilities, (c) to refund any Outstanding Certificates, (d) to pay financing costs or establish reserves in connection with the issuance of Additional Certificates, (e) for an5~~ other purpose that may be allowed by law from time to time, including the acquisition and construction of additional public facilities, whether or not such facilities are related to the Financed Facilities, or (f) for any combination of such purposes. The Trustee will authenticate and deliver the Additional Certificates when there have been filed with or delivered to it the follov~Ting: (i) Certified copies of resolutions of the County Board and the Company's governing board approving the terms and conditions under which the Additional Certificates are to be issued and authorizing the execution of an amendment to the Financing Contract pro~jiding for payment of Contract Payments as required by the issuance of the Additional Certificates. {ll) An executed copy of the Financing Contract, as so amended, together with evidence satisfactory to the Trustee that the LGC has approved such amendment (if such approval is then required by la~v). (iii} An executed copy of an amendment or supplement to this Trust Agreement providing for the issuance of the Additional Certificates, which will set forth the payment and prepayment terms of such Additional Certificates, together with such other terms as may be appropriate. (iv} An Opinion of Special Cou11se1 to the effect that the issuance of such Additional Certificates is permitted under the terms of this Trust Agreement and has been duly authorized, and that the issuance of such Additional Certificates will not adversely affect the exclusion from federal gross income to which interest components of Installment Payments are otherwise entitled. (v) A certificate signed by a County Representative directing the Trustee as to the application of the proceeds from the sale of the Additional Certificates. (vi) The Ins~.~rer's consent to the issuance of the Additional Certificates. 93362v2 5