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p.w <br />investments thereof) and retain all records of such accounting for at least six years <br />after the final Computation Date. The City may, however, to the extent permitted <br />by law, commingle Gross Proceeds coof n for each recleipt and expenditure of <br />provided that the City separately <br />such Gross Proceeds and the obligations acquired therewith; <br />b, calculate the Rebate Amount, as defined in the Code and Regulations, with <br />respect to its loan, not less frequently than each Computation Date, in accordance <br />with rules set forth in § 148(f) of the Code, 111.148-3 of the Regulations, and the <br />rulings thereunder. The City shall maintain a copy of such calculations for at least <br />six years after the final Computation Date; <br />C. as additional consideration for the making of the loan, and in order to induce the <br />making of the loan by measures designed to ensure the excludability of the <br />interest on the TWDB's Source Series Bonds from the gross income of the <br />owners thereof for federal income tax purposes, pay to the United States the <br />amount described in paragraph (b) above within 30 days after each Computation <br />Date; <br />d, exercise reasonable diligence to assure that no errors are made in the calculations <br />required by paragraph (b) and, if such error is made, to discover and promptly to <br />correct such error within a reasonable amount of time thereafter, by the <br />payment to the United States of any interest and any penalty required <br />Regulations; <br />20. the Obligations must include a provision prohibiting the City from taking any action that <br />would cause the interest on the Obligations to be includable in gross income for federal <br />income tax purposes; <br />21. the Obligations must provide that the City will � cause °earpermit § 149(b) of the Codee <br />treated as "federally guaranteed obligations <br />22. the transcript must include a No ArbitragCrhfic Certificate <br />the use, expenditure and <br />setting forth the City's reasonable expectations <br />investment of the proceeds of the Obligations; <br />23. the transcript must include evidence that the information reporting requirements of § <br />149(e) of the Code will be satisfied. This requirement may be satisfied filing an IRS feted RS <br />Form 8038 with the Internal Revenue Service. In addition, the applicable c of § 14IRS <br />Form 8038 or other evidence that the information reporting requirements <br />have been satisfied must be provided to the Executive Administrator within fourteen (14) <br />days of closing. The Executive Administrator may withhold the release of funds for <br />failure to comply; <br />TW DB Contract No. LF 1000351 <br />Exhibit A, Page 6 of 9 <br />