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32 <br /> Section 3.01. Disbursement of Proceeds. The Trustee will apply <br /> proceeds from the sale of the 2019 Bonds as provided in the certificate described in <br /> Section 1.06(e). <br /> Section 3.02. Creation and Use of 2019 Proceeds Fund. The Trustee <br /> will establish a special fund designated as the "Orange County 2019 Proceeds Fund." <br /> The Trustee will keep this Fund separate and apart from all other funds and moneys <br /> held by it, and will hold and administer this Fund as provided in this Supplemental <br /> Agreement. Moneys in the 2019 Proceeds Fund will be expended only as described <br /> in Sections 3.03 and 3.04. The Trustee is not required to disburse any moneys from <br /> the 2019 Proceeds Fund during the continuation of any Event of Default. <br /> Section 3.03. Deposits to 2019 Proceeds Fund; Payment of Project <br /> Costs. (a) The Trustee will deposit into the 2019 Proceeds Fund the amount <br /> specified in the certificate referenced in Section 1.06(f) and all other amounts paid <br /> to it for deposit in the 2019 Proceeds Fund. <br /> (b) The Trustee will disburse moneys in the 2019 Proceeds Fund from <br /> time to time, either to pay 2019 Project Costs directly or to reimburse the County for <br /> previous expenditures on any of those costs, upon receipt by the Trustee of a <br /> requisition substantially in the form of Exhibit E. The Trustee will accept <br /> requisitions that the County submits by electronic mail or by facsimile transmission. <br /> The Trustee may rely conclusively on requisitions as authorization for payments, <br /> and the Trustee has no duty or responsibility to verify any matters in the <br /> requisitions. <br /> (c) Unless otherwise directed by the County, the Trustee will disburse <br /> moneys from the 2019 Proceeds Fund that are due to the County by wire transfer to <br /> any bank account in the United States as the County may designate to the Trustee <br /> from time to time. <br /> Section 3.04. Transfer of Unexpended Proceeds. Upon the first to <br /> occur of(a) June 15, 2022, or (b) receipt of a County Certificate stating that there are <br /> no more Project Costs to be paid from the 2019 Proceeds Fund, the Trustee will <br /> withdraw all remaining moneys in the 2019 Proceeds Fund and deposit those <br /> moneys in the Payment Fund. The Trustee will then apply those moneys to Bond <br /> 10 <br />