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34 <br /> Agreement. Moneys in the 2022 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 2022 Proceeds Fund during the continuation of any Event of Default. <br /> Section 3.03. Deposits to 2022 Proceeds Fund; Payment of Project Costs. <br /> (a) The Trustee will deposit into the 2022 Proceeds Fund the amount specified in <br /> the certificate referenced in Section 1.07(f) and all other amounts paid to it for <br /> deposit in the 2022 Proceeds Fund. <br /> (b) The Trustee will disburse moneys in the 2022 Proceeds Fund from <br /> time to time, either to pay 2022 Project Costs directly or to reimburse the County for <br /> previous expenditures on any of those costs, upon receipt of a requisition <br /> substantially in the form of Exhibit E. The Trustee will accept requisitions that the <br /> County submits by electronic mail or by facsimile transmission. The Trustee may <br /> rely conclusively on requisitions as authorization for payments, and the Trustee has <br /> no duty or responsibility to verify any matters in the requisitions. The County will <br /> also send a copy of each requisition by electronic mail or facsimile transmission to <br /> the Lender at the address or number provided by the Lender to the County from <br /> time to time, but the Lender has no rights or role in determining whether the <br /> Trustee will pay a requisition. <br /> (c) Unless otherwise directed by the County, the Trustee will disburse <br /> moneys from the 2022 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 occur <br /> of (a) July 1, 2025, or (b) receipt of a County Certificate stating that there are no <br /> more 2022 Project Costs to be paid from the 2022 Proceeds Fund, the Trustee will <br /> withdraw all remaining moneys in the 2022 Proceeds Fund and deposit those <br /> moneys in the Payment Fund. The Trustee will then apply those moneys to Bond <br /> payments as directed by a County Representative. In the absence of any direction <br /> from the County, the Trustee will deposit those moneys in the Interest Account and <br /> use them to pay interest on the 2022 Bonds as the same becomes due. <br /> Section 3.05. Use of Funds and Accounts from 2018 Agreement. The <br /> Trustee is to maintain and administer the Bond Payment Fund (and its principal and <br /> 9 <br />