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<br />D. the repurchase agreement has a term of thirty days or less, or the Issuer <br />will value the collateral securities no less frequently than monthly and will liquidate <br />the collateral securities if any deficiency in the required collateral percentage is not <br />restored within two business days of such valuation; alld <br /> <br />E. the repurchase agreement màtures at least ten days (or other <br />appropriate liquidation period) prior to a debt service payment date; and <br /> <br />F. the fair market value of the securities in relation to the amowlt of the <br />repurchase obligation, including principal and interest, is equal to at least 100%. <br /> <br />(11) Investment agreements with a bal1k or insurallce COmpallY which has an <br />unsecured, uninsured and unguaranteed obligation (or claims-paying ability) rated "A3" or <br />better by Moody's alld "A-" or better by Standard & Poor's, or is the lead bank of a parent <br />bank holding company with an uninsured, unsecured and unguarallteed obligation meeting <br />such rating requirements, provided: <br /> <br />A. interest is paid at least semi-annually at a fixed rate during tlle entire <br />term of the agreement, consistent váth bond payment dates, and <br /> <br />B. moneys invested iliereunder may be withdrawn without allY penalty, <br />premium or charge upon not more than one day's notice (provided such notice may <br />be amended or callcelled at any time prior to the withdrawal date), and <br /> <br />C. the agreement is not subordinated to any other obligations of such <br />insurance compallY or bank, alld <br /> <br />D. the same guarallteed interest rate will be paid on allY future deposits <br />made to restore the reserve to its required amount, and <br /> <br />E. tlle Issuer receives an opinion of counsel that such agreement is an <br />enforceable obligation of such insurance compallY or bal1k. <br /> <br />(12) Units of paliicipation in the Local Government Surplus Funds Trust Fund <br />established pursuant to Part IV, Chapter 218, Florida Statutes, or any similar common trust <br />fund which is established pursuant to State law as a legal depository of public moneys; or <br /> <br />(13) Other investments approved by the Insurer or Insurers of the Bonds, provided <br />all Outstanding Bonds are insured as to payment by such Insurer or Insurers. <br /> <br />"Authorized Issuer Officer" shall mean the Mayor or his designee(s), alld, when used in <br />reference to any act or document, also means any other person authorized by resolution of the Issuer <br />to perform such act or sign such document. <br /> <br />4 <br />