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8 <br />These direct obligations and uninvested cash shall be deposited in an escrow account held by <br />U.S. Bank Trust Company, National Association, as escrow agent for the Refunded Bonds (the <br />“Escrow Agent”) under an escrow deposit and trust agreement (the “Escrow Agreement”). <br />For information on mathematical verification for the sufficiency of scheduled payments <br />with respect to such obligations of the United States of America and other funds held by the <br />Escrow Agent to make such payments with respect to the Refunded Bonds, see “VERIFICATION <br />OF MATHEMATICAL COMPUTATIONS.” Upon such irrevocable deposit with the Escrow Agent <br />and the receipt by the Escrow Agent of irrevocable escrow instructions from the City under the <br />Escrow Agreement, the Refunded Bonds will be defeased and the owners of the Refunded Bonds <br />will no longer be entitled to the benefits of the legal documents under which they were executed <br />and delivered. <br />The amounts held and invested by the Escrow Agent in the Escrow Fund are pledged <br />solely to the payment of the Refunded Bonds. Neither the funds deposited in the Escrow Fund <br />nor the interest on the invested funds will be available for the payment of debt service on the <br />Bonds. <br />ESTIMATED SOURCES AND USES OF FUNDS <br />The estimated sources and uses of funds relating to the Bonds and the Refunded Bonds <br />are as follows: <br />Sources: <br />Principal Amount $ <br />[Plus/Less] Original Issue [Premium/Discount] <br />Less Underwriter’s Discount <br />Plus Available Funds Relating to the Refunded Bonds <br />Total Sources $ <br />Uses: <br />Deposit to Escrow Fund $ <br />Costs of Issuance (1) <br />Total Uses $ <br />___________________ <br />(1) Represents funds to be used to pay costs of issuance, which include legal fees, Municipal <br />Advisor fees, printing costs, rating agency fees and other miscellaneous expenses. <br />8.A. - Page 22 of 255 <br />650