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200904064 <br />ARTICLE VII <br />INVESTMENTS <br />Section 1. Monies held for the credit of any fund or account under this Indenture shall be <br />kept invested and reinvested by the Trustee in Government Obligations or in bank savings accounts or <br />certificates of deposit issued by banks, including the Trustee itself or affiliates of the Trustee, to the extent <br />that said savings accounts or certificates of deposit are fully insured by the Federal Deposit Insurance <br />Corporation, or in common trust funds or mutual funds or securities of investment companies which invest <br />substantially all of their assets in securities described in this Article VII, including such securities as covered <br />by repurchase agreements. Such investments shall have maturity dates or become due or will be <br />redeemable or subject to sale by the holder, at the option of the holder, on or prior to the dates the funds will <br />be needed. Obligations so purchased as an investment of monies shall be held by or under the control of the <br />Trustee and shall be deemed at all times part of the fund or account from which invested, and the interest <br />accruing thereon and any profit realized from such investments shall be credited to such fund or account and <br />any loss resulting from such investments shall be charged to such fund or account. <br />Section 2. The Corporation hereby covenants to the purchasers and holders of the <br />Refunding Bonds that it will make no use of the proceeds of said bond issue which would cause said Bonds <br />to be arbitrage bonds within the meaning of Section 103(b) and 148 of the Internal Revenue Code of 1986, as <br />amended, and further directs the Trustee to comply with said Section 103(b) and 148 and all applicable <br />regulations thereunder throughout the term of said bond issue. <br />20 <br />