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201103788 required to be deposited to the Rebate Fund, after taking into consideration available funds, if any, on deposit with the Trustee. ARTICLE VI REDEMPTION OF BUILDING BONDS: COSTS OF ISSUANCE FUND Section 6.01. The net proceeds of the Refunding Bonds, after payment of issuance expenses as descnbed below, in an amount of $3,757,050.00, sha11 be applied, along with funds of the City as descnbed in the Agreement, upon receipt to the payment and satisfaction of the Building Bonds as called for payment under the terms of the 2005 Indenture. The Trustee shall apply such net proceeds to such redemption on the date fixed for redemption of the Building Bonds. The registered owners of the Refunding Bonds sha11 be subrogated to the rights of the holders of the Building Bonds, from and after their redemption. Section 6.02. There is hereby created and established with the Trustee a trust fund in the name of the Corporation designated "Costs of Issuance Fund". Upon the issuance of the Refunding Bonds $-0- from the proceeds of the Refunding Bonds shall be deposited to the Costs of Issuance Fund. From the Costs of Issuance Fund, expenses for issuance of the Refunding Bonds, including printing costs, initial Trustee's fees, CLTSIP registration fees, DTC fees, costs of title report, recording costs and the fees and expenses ofbond counsel, fees and expenses of counsel for the Corporation shall be paid. Said fees and expenses may be paid upon the submission of requisitions for payment to the Trustee which have been signed by the Project Manager. Any of such amount as designated for payment of issuance expenses not required for such purposes, together with any other proceeds of the Refunding Bonds not required to redeem the Building Bonds, sha11 be transferre�i to the Bond Fund and applied to make payments on the Bonds next falling due on the Refunding Bonds on November 1, 2011. ARTICLE VII INVESTMENTS Section 7.01. Monies held for the credit of any fund or account under this Indenture sha11 be kept invested and reinvested by the Trustee in (i) Government Obligations; (ii) obligations of the Government National Mortgage Corporation, the Federal Home Loan Mortgage Corporation and Fannie Mae; (iii) in bank savings accounts or certificates of deposit issued by banks, including the Trustee itself or af�liat�s of the Trustee, to the e�ent that said savings accounts or certificates of deposit are fully insured by the Federal Deposit Insurance Corporation; or (iv) in common trust funds or mutual funds or securities of investment companies which invest substantially all of their assets in securities descnbed in this Section 7.01, including such securities as covered by repwchase agreements. Such investments sha11 have maturity dates or become due or will be redeema.ble or subject to sale by the holder, at the option of the holder, on or prior to the dates the funds will be needed. Obligations so purchased as an investment of monies shall be held by or ux�der the control of the Trustee and shall be deemed at a11 times part of the fund or account from which invested, and the interest accruing thereon and any profit realized from such investments sha11 be credited to such fund or account and any loss resulting from such investments 21