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2. Use of Funds. The purchase price paid by the Purchasers shall be used by the Authority <br />to pay the City an advance rental of $ , pursuant to Section 4 of the Site and Facility <br />Lease (of which $ shall be paid by WAPF, of which $ shall be paid by CB and of <br />which $ shall be paid by COPF. The City shall use such advance rental payment received <br />from the Authority to (a) defease to maturity $33,550,000 (50 %) of the outstanding 1994 Bonds, <br />and (b) defease and refund the outstanding 1998 Certificates, and (ii) pay the costs related to the <br />preparation, execution and delivery of the Lease Agreement, the Site and Facility Lease, the <br />Assignment Agreements and documents related to the refunding of the Bonds. <br />3. Disposition of Proceeds. Upon the Closing Date, as defined below, the purchase price <br />paid by the Purchasers shall be transferred by the Purchasers for themselves and on behalf of <br />the Authority, as follows: <br />(a) WATT shall transfer, via wire transfer, to The Bank of New York Mellon Trust <br />Company, N.A., as escrow bank (the "Escrow Bank"), (i) the amount of $ to be <br />deposited in the 1994 Bonds Escrow Fund and applied, with other moneys, to the defeasance to <br />maturity of $33,550,000 (50 %) of the outstanding 1994 Bonds, and (ii) the amount of $ <br />to be deposited in the 1998 Certificates Escrow Fund and applied, with other moneys, to the <br />defeasance and redemption on , 2014, of the outstanding 1998 Certificates. Wire <br />information will be provided prior to the Closing Date. <br />(b) WAPFF shall transfer, via wire transfer, the following amounts to the following <br />entities, in respect of the payment of the costs of the financing transaction: <br />(i) to Quint & Thimmig LLP, as bond counsel, $ (invoice with wire <br />information to be provided prior to the Closing Date); <br />(iii) to Fieldman, Rolapp & Associates, Inc., as financial advisor, $ <br />(invoice with wire information to be provided prior to the Closing Date); <br />(iv) to Kutak Rock as counsel to the Purchasers, $ (invoice with <br />wire information to be provided prior to the Closing Date); <br />(vi) to The Bank of New York Mellon Trust Company, N.A., as escrow bank, <br />$ (invoice with wire information to be provided prior to the Closing Date); <br />and <br />(vii) to Stewart Title Guaranty Company, $ (invoice with wire <br />information to be provided prior to the Closing Date); and <br />-2- <br />4 -106 <br />