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(b) affecting, contesting, or seeking to prohibit, restrain, or enjoin the issuance of <br />the Bonds or the execution or delivery of any of the Authority Documents, or the <br />payment or collection of any amounts pledged or to be pledged to pay the <br />Installment Payments or the principal of and interest on the Bonds, or in any way <br />contesting or affecting the validity of the Bonds or the Authority Documents or <br />the consummation of the transactions contemplated thereby or any proceeding of <br />the Authority taken with respect to any of the foregoing, or contesting the <br />exclusion of the interest on the Bonds from taxation or contesting the powers of <br />the Authority and its authority to make the pledges set forth in the Indenture, <br />(c) that may result in any material adverse change relating to the Authority that <br />will materially adversely affect the Authority's ability to apply the Installment <br />Payments to pay the Bonds when due, or (d) contesting the completeness or <br />accuracy of the Preliminary Official Statement or the Official Statement or any <br />supplement or amendment thereto or asserting that the Preliminary Official <br />Statement or the Official Statement contained any untrue statement of a material <br />fact or omitted to state any material fact necessary to make the statements therein, <br />in the light of the circumstances under which they were made, not misleading; and <br />(viii) no authorization, approval, consent, or other order of the State or <br />any other governmental authority or agency within the State having jurisdiction <br />over the Authority is required for the valid authorization, execution, and delivery <br />by the Authority of the Authority Documents; <br />(5) a letter from Best Best & Krieger LLP, Riverside, California, <br />disclosure counsel to the Authority ( "Disclosure Counsel "), dated the Closing Date, <br />addressed to the Underwriter and the Authority, to the effect that, based upon its <br />participation in the preparation of the Official Statement as counsel to the Authority and <br />without having undertaken to determine independently the fairness, accuracy, or <br />completeness of the statements contained in the Official Statement, such counsel has no <br />reason to believe that, as of the date of the Closing, the Official Statement (excluding <br />therefrom the reports, financial and statistical data and forecasts therein, the information <br />with respect to DTC and the book -entry system, [the Bond Insurer, the Bond Insurance <br />Policy, the Reserve Policy,] and the infonnation included in the Appendices thereto, as to <br />which no belief need be expressed) contains any untrue statement of a material fact or <br />omits to state a material fact necessary to make the statements therein, in the light of the <br />circumstances under which they were made, not misleading; <br />(6) a certificate of the City, in form and substance satisfactory to the <br />Underwriter, dated the Closing Date, to the effect that; <br />(i) the representations and warranties of the City contained in this <br />Purchase Contract are true and correct in all material respects on and as of the <br />Closing Date with the same effect as if made on the Closing Date; and <br />46331186.2 <br />16 <br />