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the certificate af deposit shall be considered acquired for an
amount equal to ~he Fair Market Value of such certificate of
deposit if the certificate of deposit has a Yield:
(i) as high or higher ~han the Yield on comparable
certificates of deposit traded on an active secondary
raarket, based on actual tracies adjusted to reflect the size
and term of that certificate of deposit and the stability
and reputation of. the issuer of the certificate of deposit,
and the Borrower or the Trustee, as the case may be, receive
advice to that effect from ~he dealer who maintains such a
market; and
(ii) as high or higher than the Yield on comparable
obligations offered by the United States Treasury.
(e) In the case of investment contracts, or certain
repurchase agreements {i.e., tt~ose with a term exceeding one
month or involving the investment of more than 1$ of Gross
I Proc:~eds) purcha~~d with Gross Proceeds, the obligations acquired
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~ thereunder shall be considered acquired for an amount equal to
the Fair Market Value of such obligations if: -
I ~t ieast three bids on the investment contract or -
repurchase agren~ent frot~ persons other tinan those with an
interest in the Bonds (~.g., underwriters) are received;
` (ii) in the case of an investment contract ox
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~ repurchase agree~nent, the person whose bid ~_s accepted
I advises the Borrower and the Trustee in writing that, ba~ed
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on that person's reasonable expectations on the date the
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