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case of a guaranteed investment contract or Nonpurpose Investments purchased for a yield <br />restricted defeasance escrow, the purchase price shall not be considered to be an arm's-length <br />price unless all the following conditions are met: <br />(i) The Issuer makes a bona fide Request for Bids ("Bona Fide Request for <br />Bids") for the purchase of the investment that satisfies all of the following requirements: <br />(1) The bid specifications are in writing and are timely forwarded to <br />potential providers; <br />(2) The bid specifications include all terms of the bid that may directly <br />or indirectly affect the yield or the cost of the investment; <br />(3) The bid specifications include a statement notifying potential <br />providers that submission of a bid is a representation that the potential provider <br />did not consult with any other potential provider about its bid, that the bid was <br />determined without regard to any other formal or informal agreement that the <br />potential provider has with the Issuer or any other person (whether or not in <br />connection with the Note issue) and that the bid is not being submitted solely as a <br />courtesy to the Issuer or any other person for purposes of satisfying these <br />requirements; <br />(4) The terms of the bid specifications are such that there is a <br />legitimate business purpose for each term other than to increase the purchase price <br />or reduce the yield of the investment (e.g., for Request for Bids of Nonpurpose <br />Investments for a yield restricted defeasance escrow, the hold firm period must be <br />no longer than the Issuer reasonably requires); <br />(5) For purchases of guaranteed investment contracts only, the terms <br />of the Request for Bids take into account the Issuer's reasonably expected deposit <br />and draw down schedule for the amounts to be invested; <br />(6) All potential providers have an equal opportunity to bid (e.g., no <br />potential provider is given the opportunity to review other bids before providing a <br />bid); and <br />(7) At least three providers are solicited for bids that have an <br />established industry reputation as a competitive provider of the type of <br />investments being purchased. <br />(ii) The bids received by the Issuer must meet all of the following <br />requirements: <br />(1) The Issuer receives at least three bids from providers that the <br />Issuer solicited under a Bona Fide Request for Bids and that do not have a <br />A-10 <br />