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A "Special Escrow Deposit Agreement" by and between the City and Amegy Bank, a <br /> division of ZB, National Association, Houston, Texas, attached hereto as Exhibit B and <br /> incorporated herein by reference as a part of this Resolution for all purposes, is hereby approved <br /> as to form and content, and the Mayor and City Secretary are hereby authorized and directed to <br /> execute such Agreement in substantially the same form and content herein approved. <br /> Section 7.5: Covenants to Maintain Tax Exemption. <br /> (a) Definitions. When used in this Section, the following terms have the following <br /> meanings: <br /> "Code" means the Internal Revenue Code of 1986, as amended by all legislation, if any, <br /> enacted on or before the Issue Date. <br /> "Computation Date"has the meaning stated in section 1.148 1(b) of the Regulations. <br /> "Gross Proceeds"has the meaning stated in section 1.148 1(b)of the Regulations. <br /> "Investment"has the meaning stated in section 1.148 1(b)of the Regulations. <br /> "Issue Date" for the Certificates or other obligations of the City is the respective date on <br /> which such Certificates or other obligations of the City, is delivered against payment therefor. <br /> "Net Sale Proceeds"has the meaning stated in section 1.148 1(b)of the Regulations. <br /> "Nonpurpose Investment" has the meaning stated in section 1.148 1(b) of the <br /> Regulations. <br /> "Proceeds"has the meaning stated in section 1.148-1(b)of the Regulations. <br /> "Rebate Amount"has the meaning stated in section 1.148-3 of the Regulations. <br /> "Regulations" means the temporary or final Income Tax Regulations applicable to the <br /> Certificates issued pursuant to sections 141 through 150 of the Code. Any reference to a section <br /> of the Regulations shall also refer to any successor provision to such section hereafter <br /> promulgated by the Internal Revenue Service pursuant to sections 141 through 150 of the Code <br /> and applicable to the Certificates. <br /> "Yield of' <br /> (1) any Investment shall be computed in accordance with section 1.148-5 of <br /> the Regulations, and <br /> (2) the Certificates shall be computed in accordance with section 1.148-4 of <br /> the Regulations. <br /> 13 <br /> HOU:3746876.1 <br />