11-13-2024 Council Packet - Laserfiche WebLink

Home Browse Search

135242317v3 19 Agent (to the extent paid from money on deposit in the Administration Fund or the Costs of Issuance Fund, as applicable) or a third-party escrow agent acceptable to Governmental Lender and Initial Funding Lender), in consideration of the funding of the Project Loan, the following fees, expenses and other money payable in connection with the Loans: (i) On the Delivery Date, from money on deposit in the Costs of Issuance Fund or, to the extent such money is insufficient for such purpose, from other money of Borrower, to Initial Funding Lender its origination fees, together with all third party and out-of-pocket expenses of Initial Funding Lender (including but not limited to the fees and expenses of counsel to Initial Funding lender) in connection with the Loans. (ii) On the Delivery Date, from money on deposit in the Costs of Issuance Fund or, to the extent such money is insufficient for such purpose, from other money of Borrower, to Freddie Mac, all third party and out-of-pocket expenses of Freddie Mac (including but not limited to the fees and expenses of counsel to Freddie Mac) in connection with the Loans. (iii) On the Delivery Date, from money on deposit in the Costs of Issuance Fund or, to the extent such money is insufficient for such purpose, from other money of Borrower, to Governmental Lender, an initial financing fee in an amount equal to $[________], together with all third party and out-of-pocket expenses of Governmental Lender (including but not limited to the fees and expenses of Bond Counsel and counsel to Governmental Lender) in connection with the Loans and the issuance of the Governmental Note. (iv) On the Delivery Date, from money on deposit in the Costs of Issuance Fund or, to the extent such money is insufficient for such purpose, from other money of Borrower, to Seller/Servicer, its commitment fees and application fees, together with all third party and out-of-pocket expenses of Seller/Servicer (including but not limited to the fees and expenses of counsel to Seller/Servicer, if any) in connection with the Loans. (v) On the Delivery Date, from money on deposit in the Costs of Issuance Fund or, to the extent such money is insufficient for such purpose, from other money of Borrower, to Fiscal Agent, an acceptance fee in an amount equal to $[________], together with all third party and out-of-pocket expenses of Fiscal Agent (including but not limited to the fees and expenses of counsel to Fiscal Agent) in connection with the Loans and the issuance of the Governmental Note. (vi) To Fiscal Agent, the Fiscal Agent’s Ordinary Fees and Expenses and the Fiscal Agent’s Extraordinary Fees and Expenses when due from time to time. (vii) To Governmental Lender, the Governmental Lender Fee when due and any extraordinary expenses not covered by the Governmental Lender Fee that Governmental Lender may incur in connection with the Financing Documents or the Project from time to time.