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(b) Every "request, " "order, " "demand, " "application, " <br /> "appointment, " "notice, " "statement, " "certificate, " "consent" or <br /> similar action hereunder by the City shall, unless the form thereof <br /> is specifically provided, be in writing signed by the Mayor of the <br /> City or Authorized Representative of the City. <br /> ARTICLE II <br /> GROUND LEASE, LEASE AND <br /> IMPROVEMENTS TITLE HELD IN TRUST; APPLICATION OF FUNDS <br /> Section 2 . 01. Lessor's Interest in Ground Lease, Lease and <br /> Improvements Title Held in Trust. All right, title and interest <br /> of the Lessor and the Underwriter in the Ground Lease, Lease and <br /> Improvements (the "Trust Estate") has been transferred, conveyed <br /> and assigned to the Trustee in trust for the benefit of the Owners <br /> of the Certificates from time to time pursuant to that certain <br /> Assignment and Deed executed simultaneously with this Trust Agree- <br /> ment, a copy of which is attached as Exhibit C, and the trust <br /> created thereby and hereunder is hereby accepted by Trustee. <br /> Trustee agrees to hold the Trust Estate in trust for the benefit <br /> of the Owners of Certificates as may be the case from time to time, <br /> and shall assign or release the Trust Estate only in accordance <br /> with the terms of this Agreement. <br /> Section 2 . 02 . Release of Trust Estate. So long as any <br /> Certificates are Outstanding, the Trustee is authorized to assign <br /> or release the Trust Estate only to a representative designated by <br /> a majority in interest of the owners of Certificates; or to a <br /> successor trustee following removal or resignation of the Trustee <br /> in accordance with Article VI hereof. <br /> Section 2 . 03 . Application of Funds. For the purpose of <br /> acquiring the rights described in Section 2 . 01 hereof and issuing <br /> the Certificates, and in consideration for Trustee's agreeing to <br /> perform certain duties necessary thereto all as further described <br /> in this Agreement, the Underwriter has transferred to Trustee as <br /> of the date of closing, the sum of $ , to be applied as <br /> follows: <br /> (a) $ shall be applied to pay for all right, <br /> title and interest of Lessor in the Ground Lease, Lease and <br /> Improvements, conveyed as provided in Section 2 . 01 hereof. <br /> (b) $ shall be deposited in the Lease Payment <br /> Fund and applied to pay interest coming due on the Certificates on <br /> , 1992 . <br /> (c) $ , representing the retainage percentage <br /> pursuant to the Construction Contract, shall be deposited into an <br /> C-7 KR173 92/01/27 <br />