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distribution agreement (to which the bidder is a party) relating to the initial sale of the 2024 Bonds <br />to the public, together with the related pricing wires, contains or will contain language obligating <br />each underwriter, each dealer who is a member of the selling group, and each broker-dealer that is <br />a party to such retail distribution agreement, as applicable, to report the prices at which it sells to <br />the public the unsold 2024 Bonds of each maturity allotted to it until it is notified by the winning <br />bidder that either the 10% test has been satisfied as to the 2024 Bonds of that maturity or all 2024 <br />Bonds of that maturity have been sold to the public, if and for so long as directed by the winning <br />bidder and as set forth in the related pricing wires, and (ii) any agreement among underwriters <br />relating to the initial sale of the 2024 Bonds to the public, together with the related pricing wires, <br />contains or will contain language obligating each underwriter that is a party to a retail distribution <br />agreement to be employed in connection with the initial sale of the 2024 Bonds to the public to <br />require each broker-dealer that is a party to such retail distribution agreement to report the prices <br />at which it sells to the public the unsold 2024 Bonds of each maturity allotted to it until it is notified <br />by the winning bidder or such underwriter that either the 10% test has been satisfied as to the 2024 <br />Bonds of that maturity or all 2024 Bonds of that maturity have been sold to the public, if and for <br />so long as directed by the winning bidder or such underwriter and as set forth in the related pricing <br />wires. <br />Sales of any 2024 Bonds to any person that is a related party to an underwriter shall not <br />constitute sales to the public for purposes of this Official Notice of Sale. Further, for purposes of <br />this Official Notice of Sale: <br />(i) "public" means any person other than an underwriter or a related party, <br />(ii) "underwriter" means (A) any person that agrees pursuant to a written <br />contract (i.e. this Official Notice of Sale) with the Issuer (or with the lead underwriter to <br />form an underwriting syndicate) to participate in the initial sale of the 2024 Bonds to the <br />public and (B) any person that agrees pursuant to a written contract directly or indirectly <br />with a person described in clause (A) to participate in the initial sale of the 2024 Bonds to <br />the public (including a member of a selling group or a party to a retail distribution <br />agreement participating in the initial sale of the 2024 Bonds to the public), <br />(iii) a purchaser of any of the 2024 Bonds is a "related party" to an underwriter <br />if the underwriter and the purchaser are subject, directly or indirectly, to (i) at least 50% <br />common ownership of the voting power or the total value of their stock, if both entities are <br />corporations (including direct ownership by one corporation of another), (ii) more than <br />50% common ownership of their capital interests or profits interests, if both entities are <br />partnerships (including direct ownership by one partnership of another), or (iii) more than <br />50% common ownership of the value of the outstanding stock of the corporation or the <br />capital interests or profit interests of the partnership, as applicable, if one entity is a <br />corporation and the other entity is a partnership (including direct ownership of the <br />applicable stock or interests by one entity of the other), and <br />(iv) "sale date" means the date that the 2024 Bonds are awarded by the Issuer to <br />the winning bidder. <br />8 <br />89 <br />