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FROM 0 M 0 904 224 1544 4.12.1993 20142 P.16 assigned their municipal bond ratings of "AAA," "AAA" and "Asa" respectively, to the Bonds. (g) Evidence that NationsBank of Florida, N.A. has been approved by the County as the Paying Agent and Bond Registrar for the Bonds. All of the evidence, opinions, letters, certificates, instru- ments and other documents mentioned above or elsewhere in this Purchase Contract shall be deemed to be in compliance with the provisions hereof if, but only if, they are in form and substance satisfactory to the Underwriter and the County. If the conditions to the obligations of the Underwriter to purchase, to accept delivery of and to pay for the Bonds contained in this Purchase Contract are not satisfied, or if the obligations of the Underwriter to purchase, to accept delivery of and to pay for the Bonds shall be terminated for any reason permitted by this Purchase Contract, this Purchase Contract shall terminate and neither the Underwriter nor the County shall be under any further obligation hereunder, except that the respective obligations of the County and the Underwriter set forth in Paragraph 10 hereof shall continue in full force and effect and the security deposit spec- ified in Paragraph 5 hereof shall be returned to the Underwriter. 9. Torminatipn. The Underwriter may terminate this Purchase Contract, without liability therefor, by notification to the County, if at any time subsequent to the date of this Purchase Contract at or prior to Closings (a) Legislation shall be enacted by the Congress of the United states, or a bill introduced (by amendment or other- wise) or favorably reported or passed by either the House of Representatives or the Senate of the Congress of the United States or any committee of the House or senate, or a confer- ence committee of such House and Senate makes a report (or takes any other action), or a decision by a court of the United states or the Tax Court of the United States shall be rendered, or a ruling, regulation or fiscal action shall be issued or proposed by or on behalf of the Treasury Department of the United states, the Internal Revenue service or other governmental agency with respect to or having the purpose or effect of changing directly or indirectly the federal income tax consequences of interest on the Bonds in the hands of the holders thereof (including imposition of a minimum federal tax which includes tax-exempt interest in the calculation of such tax), which materially adversely affects the market price or the marketability of the Bonds. (b) Any legislation, rule or regulation shall be intro- duced in, or be enacted by any department or agency in the State of Florida, or a decision by any court of competent -15-