Agmt15 Raymond James and Assoc. Port of RWC sale of refunding bonds

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officer knows that the certificate or opinion or representation with respect to the matters upon which his certificate may be based,as aforesaid,are erroneous,or in the exercise of reasonable care should have known that the same were erroneous. Any such ccrtificate or opinion or representation made or given by counse!may be based, insofar as it relates to factusl matters and information with respect to which is in the possession of the Port,upon the opinion of or representation by an of(icer or of�icers of the Port, unless such counsel knows that the opinion or representation with respect to the matters upon which his opinion or representation may be based,as aforesaid,are erroneous,or in exercise of reasonable care shoutd have known that the same were erroneous. Section9.8. Notiee 10 Bond Insurers. Whenever any notice, suthorization, request or demand is required or permitted to be given to any party pursuant hereto,such notice,suthorization, request or demand shall also be given in writing to each$ond Insurer(if any)by registered or certified mail at the address specified in writin�to the Port and the Trustee by such$ond Insurer. Section9.9. lnvestment of Money in Funds and Accounts. Upon receipt of a Written . Request of the Port by the Trustee at least two(2)Business Days prior to the date of such investmcnt, ali money in any Projecl Fund,any Costs of Issuance Fund,any Interest Fund,any Principal Fund,any �;nking Fund, the Reserve Fund, the Subordinated Obli�ation Payment I'und (if established), the Subordinated Obligation Reserve Fund (if established),or any Rebate Fund shall be invested by the Trustee in those Authorized Investments specifed in such Written Request of the Port. Such Written Request of'the Port shal I contain a statement that each investment so designated by the Port constitutes an Authorized Investment and can be made without violation of any provision hereof. 7'he Trustee shall be entitled to rely on such W ritten Request of the Port without independent investisationand shall not be responsibleor liable for any loss incurred in connectionwith any investmentof funds made by it in accordence with the express provisionsof this indenture. I f,at any time,the Port shall fail to provide the Trustee with such Written Request of the Port in a timely manner,the Trustee shall only acquire or invest in those Authorized Investments described in subpara�rapfi B(5)of the definition Ihereof. The Trustee sha11 not be responsible for monitoring the ratings of any Authorized 1 nvestment subsequent to its initial purchase;provided that if the Trustee has actual knowled�e of a downgrading of the ratings on any Authori�ed lnvestment held hereunder then it shall notify the Aorl in writin� as soon as practicable. The Port acknowledges that to the extent regulations of the Comptroller of the Curcency or other s►pplicable regulatory entity grant the Port the right to receive brokerage confirmations of security vansactions as they occur, the Port will not receive such confirmations to the extent permitted by law. The Trustee will furnish the Port periodic cash transaction statements which include detail for atl investment transactions made by the Trustee hereunder. The 'frustee may make any investments hereunder through its own bond or investment department or trust investment department,or those of its parent or any affiliate. The Trustee or any of its a!'filiates may act as sponsor,advisor or manager in connection with any investments make by the Trustee hereunder. The Authorized Investments in the Reserve Fund and in any Interest Fund, Principal Fund, Sinking Fund, Project Fund,Costs of Issuance Fund,or Rebate Fund shall mature or otherwise have provisions for liquidity prior to the date on which such money is estimated to be required to be paid 12094.9122931.0005 47