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(d) Maturity means Bonds with the same credit and payment terms. Bonds with different <br />maturity dates, or Bonds with the same maturity date but different stated interest rates, are treated as <br />separate maturities. <br />(e) Public means any person (including an individual, trust, estate, partnership, association, <br />company, or corporation) other than an Underwriter or a related party to an Underwriter. The term `related <br />party" for purposes of this certificate generally means any two or more persons who have greater than 50 <br />percent common ownership, directly or indirectly. <br />(1) Sale Date means the first day on which there is a binding contract in writing for the sale of <br />a Maturity of the Bonds. The Sale Date of the Bonds is {SALE DATE). <br />(h) Underwriter means (i) any person that agrees pursuant to a written contract with the City <br />(or with the lead underwriter to form an underwriting syndicate) to participate in the initial sale of the Bonds <br />to the Public, and (ii) any person that agrees pursuant to a written contract directly or indirectly with a <br />person described in clause (i) of this paragraph to participate in the initial sale of the Bonds to the Public <br />(including a member of a selling group or a party to a retail or other third -party distribution agreement <br />participating in the initial sale of the Bonds to the Public). <br />The representations set forth in this certificate are limited to factual matters only. Nothing in this <br />certificate represents Samuel A. Ramirez & Co., Inc.'s interpretation of any laws, including specifically <br />Sections 103 and 148 of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations <br />thereunder. The undersigned understands that the foregoing information will be relied upon by the City <br />with respect to certain of the representations set forth in the tax certificate with respect to the Bonds and <br />with respect to compliance with the federal income tax rules affecting the Bonds, and by Best Best & <br />Krieger LIP in connection with rendering its opinion that the interest with respect to the Bonds is excluded <br />from gross income for federal income tax purposes, the preparation of the Internal Revenue Service Form <br />8038-G, and other federal income tax advice that it may give to the City from time to time relating to the <br />Bonds. <br />554-2145 <br />