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(i) any underwriting discount or fees and any Credit Agreement fees for the Bonds <br />may be retained by and/or wired directly to such parties; <br />(ii) any accrued interest and sale proceeds to be used to pay capitalized interest for the <br />Bonds, if any, shall be deposited as provided in Section 4.01; <br />(iii) an aount sufficient to pay the remaining costs of issuance of the Bonds and the <br />cost of acquiring, purchasing, constructing, improving, enlarging, and equipping the <br />improvements being financed with the proceeds of the Bonds shall be deposited in the <br />Bond Proceeds Account to be used for such purposes. <br />Any sale proceeds of the Bonds remaining after making all deposits and payments provided for <br />above shall be deposited into the Interest and Sinking Account and applied to the payment of <br />principal of and interest on the Bonds. <br />Section 7.02. MAILED NOTICES. Except as otherwise required herein, all notices <br />required or authorized to be given to the City, any Bond Insurer (as defined in, and pursuant to, <br />Section 3.06 hereof) or the Paying Agent/Registrar pursuant to this Second Supplement shall be <br />in writing and shall be sent by registered or certified mail, postage prepaid, to the following <br />addresses or otherwise given in a manner deemed, in writing, acceptable to the party to receive <br />the notice: <br />1. to the City: <br />City of San Marcos, Texas <br />630 East Hopkins Street <br />San Marcos, Texas 78666 <br />Attn: Assistant City Manager/Chief Financial Officer <br />Telephone: (512) 393-8179 <br />Facsimile: (512) 392-4612 <br />2. to the Paying Agent/Registrar: <br />_ _ <br />Regions Bank <br />3773 Richmond Avenue, Suite 1100 <br />Attn: Corporate Trust Division <br />Telephone: (713) 426-1703 <br />Facsimile: (713) 693-5303 <br />3. to any Bond Insurer: <br />The address, phone number and fax number specified by the Bond Insurer <br />or to such other addresses as may from time to time be furnished to the parties, effective upon <br />the receipt of notice thereof given as set forth above. <br />Section 7.03. DEFEASANCE OF BONDS. (a) Deemed Paid. The principal of <br />and/or the interest and redemption premium, if any, on any Bonds shall be deemed to be <br />24 <br />SanMARCOS\ELectricUliLSysRevBonds\2021: 2116uppOrdmiice <br />