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"Underwriters" means the Senior Managing Underwriter and any additional investment <br /> banking firms designated by the Pricing Officer in the Pricing Certificate. In the event a series of <br /> Bonds is sold pursuant to a private placement or competitive sale,references to the Underwriter shall <br /> mean the initial purchaser of such series of Bonds. <br /> A-5 <br /> SanMarmsGOS2D19OMinanuGO <br />