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SECTION 4.02. Procedure for the Issuance of Bonds. The Authority may, at any time, execute the 1994 Bonds for issuance hereunder and deliver them to the Trustee, and thereupon the 1994 Bonds shall be authenticated and delivered by the Trustee to the purchaser thereof upon the Written Request of the Authority and upon receipt of payment therefor from the purchaser thereof. SECTION 4.03. Anplication of Proceeds. Upon the receipt of payment for the 1994 Bonds on the Closing Date, the Trustee shall apply the proceeds thereof as follows: (i) The Trustee shall deposit the amount of $315,258.63 in the Interest Account established within the Revenue Fund pursuant to Section 5.03 hereof, which amount represents accrued interest received on the sale of the 1994 Bonds; (ii) The Trustee shall deposit the amount of$7,219,667.07 in the Capitalized Interest Account established in the Revenue Fund pursuant to Section 5.03 hereof; (iii) The Trustee shall deposit the amount of$9,227,812.50, equal to the amount of the Reserve Requirement, in the Reserve Account established within the Revenue Fund pursuant to Section 5.03; (iv) The Trustee shall deposit the amount of$400,000.00 in the Costs of Issuance Fund; and (v) The Trustee shall deposit the remainder of the proceeds of the 1994 Bonds, $92,341,401.07, in the Acquisition Fund. SECTION 4.04. Use of Moneys in the Acquisition Fund. The moneys in the Acquisition Fund shall be disbursed from time to time to pay Acquisition Costs and, to the extent described below, to pay Costs of Issuance. The Trustee shall disburse moneys in the Acquisition Fund from time to time upon receipt by the Trustee of a Written Request of the Authority which: (a) states with respect to each disbursement to be made: (i) the requisition number, (ii) the name and address of the person, firm or corporation to whom payment is due, (iii) the amount to be disbursed, and (iv) that each obligation therein has been properly incurred, and is a proper charge against the Acquisition Fund and has not been the basis of any previous disbursement; (b) specifies in reasonable detail the nature of the obligation; (c) is accompanied by a bill or statement of account for each obligation; and (d) states that after such disbursement sufficient funds will remain in the Acquisition Fund (together with earnings thereon) to complete the acquisition, construction and installation of the Project. If at any time there are insufficient moneys in the Costs of Issuance Fund to disburse moneys in accordance with a Written Request of the City delivered pursuant to Section 4.05, the Trustee shall disburse from the Acquisition Fund such additional amounts as are necessary to comply with such Written Request. LAI-63221.5 34