Bill No. 20-22 Amending Bond Ordinance_City of South Bend, Indiana Variable Rate Economic Development Revenue Bonds, Series 2007 (PEI_Genesis Project)

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Exhibit D STATEMENT NO. _REQUESTING DISBURSEMENT OF FUNDS FROM PROJECT FUND PURSUANT TO SECTION 3.4 OF THE THIRD AMENDED AND RESTATED LOAN AGREEMENT AMONG THE CITY OF SOUTH BEND, INDIANA, PEI/GENESIS, INC. AND TULIPTREE ASSOCIATES LLC Pursuant to Section 3.4 of the Third Amended and Restated Loan Agreement (the “Agreement”) among the City of South Bend, Indiana (the “Issuer”) and Tuliptree Associates LLC (the “Borrower”), dated as of May , 2022, the undersigned Authorized Borrower Representative hereby requests and authorizes U.S. Bank National Association, as trustee (the “Trustee”), as depository of the Project Fund created by the Indenture, as defined in the Agreement, to pay to the Borrower or to the person(s) listed on the Disbursement Schedule attached hereto out of the moneys on deposit in the Project Fund the aggregate sum of $8,105,000, to pay such person(s) or to reimburse the B orrower in full, as indicated in the Disbursement Schedule, for advances, payments and expenditures made by it in connection with the items listed in the Disbursement Schedule. In connection with the foregoing request and authorization, the undersigned hereby certifies that: (a) Each item for which disbursement is requested hereunder is properly payable out of the Project Fund in accordance with the terms and conditions of the Agreement and none of those items has formed the basis for any disbursement heretofore made from the Project Fund; (b) Each such item is or was necessary in connection with the acquisition, construction or installation of the property comprising the Project, as defined in the Agreement; (c) This statement and all exhibits hereto, including the Disbursement Schedule, shall be conclusive evidence of the facts and statements set forth herein and shall constitute full warrant, protection and authority to the Trustee for its actions taken pursuant hereto; (d) This statement constitutes the approval of the Borrower of each disbursement hereby requested and authorized; and (e) Each item for which disbursement is requested hereunder, and the cost for each such item, is as described in the Tax Certificate; provided, that if any such item is not as described in that Tax Certificate, attached hereto is a computation evidencing that the average reasonably expected economic life of the facilities which have been and will be paid for with moneys in the Project Fund is not less than 5/6ths of the average maturity of the Project Bonds.