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may be required under state securities or blue sky laws in connection with the <br />purchase and distribution of the Certificates by the Underwriter; and <br />(G) based on the information made available to City Attorney, and <br />without having undertaken to determine independently or assume any <br />responsibility for the accuracy, completeness or fairness of the statements <br />contained in the Official Statement, nothing has come to its attention which <br />would lead it to believe that the Official Statement as of its date and as of the <br />date of Closing (excluding therefrom the financial and statistical data and <br />forecasts included therein, as to which no opinion is expressed and <br />information relating to the Agency, the financial guaranty insurance policy, <br />the debt service reserve fund surety bond, the Insurer and The Depository <br />Trust Company and its book entry system) contained or contains any untrue <br />statement of a material fact or omitted or omits to state a material fact <br />necessary to make the statements therein, in the light of the circumstances <br />under which they were made, not misleading; <br />(xii) an opinion of counsel to the Underwriter dated the date of Closing <br />and addressed to the Underwriter relating to such matters as the Underwriter may <br />require; <br />(xiii) an opinion of counsel to the Trustee, addressed to the Underwriter and <br />the Agency, dated the date of the Closing, to the effect that: <br />(A) the Trustee is a banking corporation duly organized and <br />validly existing under the laws of the State of California, having full <br />corporate power to undertake the trust created under the Trust Agreement; <br />(B) the Trust Agreement, Assignment Agreement and Continuing <br />Disclosure Agreement (collectively, the "Trustee Documents") have each <br />been duly authorized, executed and delivered by the Trustee and, assuming <br />due authorization, execution and delivery by the other parties thereto, the <br />Trustee Documents constitute the valid, legal and binding obligations of the <br />Trustee enforceable in accordance with its terms, except as enforcement <br />thereof may be limited by bankruptcy, insolvency or other laws affecting the <br />enforcement of creditors' rights generally and by the application of equitable <br />principles, if equitable remedies are sought; <br />(C) the Trustee has duly executed and delivered the Certificates <br />upon the order of Agency; <br />(D) the Trustee's actions in executing and delivering the Trustee <br />Documents are in full compliance with, and do not conflict with any <br />applicable law or governmental regulation and, to the best of such counsel's <br />knowledge, after reasonable inquiry with respect thereto, do not conflict with <br />or violate any contract to which the Trustee is a party or any administrative or <br />judicial decision by which the Trustee is bound; and <br />15 <br />