The Firm(s) will be expected to assist CEFA on an as-needed basis to perform a wide range of services related to each bond transaction throughout the proposed contract period. In the event CEFA determines there is an actual or potential conflict of interest for the Primary Firm, the bond transaction will be assigned to the Secondary Firm. Services will include: 1) Assist CEFA in the review of proposed underwriter spread components and estimated costs of issuance items. Make recommendations on adding syndicate members for particular transactions. 2) Evaluate the proposed structure of the financing as presented by the senior managing underwriter in conjunction with existing debt service of the borrower as well as the proposed security and covenant package preferred by the borrower. Make recommendations as necessary regarding security features, specific covenants, credit enhancement, specific maturities of serial or term bonds, fixed or variable rates or call provisions. Discuss recommendations with the senior managing underwriter or the borrower’s financial advisors (or both) as may be directed by CEFA.
