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<br /> <br /> <br /> <br /> <br />Exhibit E <br />Project Loan Fund Requisition <br />U.S. Bank Trust Company, National Association, as Fiscal Agent <br />Re: Ride Apartments <br />Fiscal Agent: <br />You are requested to disburse funds from the Project Loan Fund pursuant to Section 4.02 of <br />the Funding Loan Agreement in the amount(s), to the Person(s) and for the purpose(s) set forth in this <br />requisition (“Requisition”). The terms used in this Requisition shall have the meaning given to those <br />terms in the Funding Loan Agreement (the “Funding Loan Agreement”), dated as of December 1, <br />2024, among Merchants Bank of Indiana (the “Initial Funding Lender”), City of Little Canada, <br />Minnesota and U.S. Bank Trust Company, National Association, as Fiscal Agent, securing the City <br />of Little Canada, Minnesota Multifamily Housing Revenue Note (Ride Apartments Project) Series <br />2024 dated December __, 2024 (the “Governmental Note”). <br />Requisition No.: <br />Payment Due To: <br />Amount(s) To Be <br />Disbursed: <br />$ from the Project Account <br />$ from the Borrower Equity <br />Account <br /> <br />The undersigned Borrower hereby represents and warrants that the following information and <br />certifications provided in connection with this Requisition are true and correct as of the date hereof <br />and authorizes Loan Servicer to submit this Requisition to Fiscal Agent on behalf of Borrower: <br />1. The purpose(s) for which disbursement is requested and the party or parties to whom <br />the disbursements shall be made are specified in the Schedule 1 attached hereto (and may include the <br />undersigned in the case of reimbursement for advances and payments made or cost incurred for work <br />done by the undersigned; provided, however, that no reimbursement shall be made for advances and <br />payments made prior to _________, 20___). <br />2. Attached hereto as Schedule 2 is a report setting out the progress of the construction <br />and all other reports or information relating to the completion of the construction requested by Initial <br />Funding Lender, if any. <br />3. Attached hereto as Schedule 3 are copies of any applicable invoices, bills, and <br />appropriate lien waivers for the prior period for which disbursement was made, executed by all <br />contractors and suppliers supplying labor or materials for the construction. <br />4. Attached hereto as Schedule 4 is a report prepared by the professional engineer <br />employed by Initial Funding Lender as to the status of the construction, unless Initial Funding Lender <br />has waived this requirement in writing.