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(ii) Investment Earnings. Moneys on deposit in the Interest and Principal Account of the Debt Service Fund and in the Escrow Fund may be invested and reinvested, to the extent lawful, in Authorized Investments maturing not later than the date on which the moneys therein will be needed. Any and all income received by the Issuer from the investment of moneys in the above -referenced funds shall be retained in such respective fund. (iii) No Other Funds. Other than the funds described in this Certificate, no fund or account has been established pursuant to any instrument which secures or otherwise relates to the Note. 4. YIELD. (a) GENERAL. For purposes of this Certificate, bond yield is, and shall be, calculated in the manner provided in Treasury Regulations Section 1.148-4, and the provisions therein will be complied with in all respects. The term "bond yield" means, with respect to the Note, the discount rate that when used in computing the present value of all the unconditionally payable payments of principal and interest and all the payments for a qualified guarantee paid and to be paid with respect to the Note produces an amount equal to the present value of the issue price of the Note. In computing the purchase price of the Note, which is equal to the issue price, the Issuer did not take into consideration the costs of issuance. The purchase price of the Note, therefore, is the principal amount of $20,369,000. For purposes hereof, yield is, and shall be, calculated on a 360 -day year basis with interest compounded semiannually. The yield on the Note calculated in the above-described manner is 1.660220 percent (the "Note Yield"). Such calculation has been computed by the Issuer's Financial Advisor, First Southwest Company. It should be noted, however, that such yield may, under certain circumstances set forth in the Treasury Regulations, be subject to recalculation. See Exhibit A hereto. The purchase price of all obligations other than tax-exempt investments ("Taxable Obligations") to which restrictions as to yield under this Certificate applies shall be calculated using (i) the price, taking into account discount, premium, and accrued interest, as applicable, actually paid or (ii) the fair market value if less than the price actually paid and if such Taxable Obligations were not purchased directly from the United States Treasury. The Issuer will acquire all such Taxable Obligations directly from the United States Treasury or in arms length transactions without regard to any amounts paid to reduce the yield on such Taxable Obligations. The Issuer will not pay or permit the payment of any amounts to reduce the yield on any Taxable Obligations. (b) DEBT SERVICE ACCOUNTS -- DEBT SERVICE. Amounts held in the Interest and Principal Accounts of the Debt Service Fund (the "Debt Service Accounts") which are set aside for the payment of the principal of and interest on the Note will be invested without regard to yield restriction for a period not to exceed 13 months from the date of deposit of such amounts in such Accounts. Any amounts not expended within the period set forth above shall be invested at a yield not in excess of the Note Yield. 3