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<br /> � that index, and (D) such investments must not be subject to liqu`�ida ion1pQ1�ost�eir �
<br /> maturity; (ii) Federal Housing Administration deb�ntures; (iii)obligations of the �
<br /> following United �tates gavernment sponsored agencies: Federal Home Loan Mortgage „ . . -
<br /> Corp. (debt obligations), the Farm Credit System (consolidated systemwide bonds and �
<br /> ,, notes), the Federal Home Loan Banks (consolidated debt obligations), the Federal
<br /> � National Mortga�e Association (debt obligations), the Student Loan Marketin� . . � _.,;;
<br /> Association (debt obligations), the Financing Corp. (debt obligations), and the Resolution :';4�_.,,
<br /> Funding Corp. (debt obli�ations); rop vided, owev.r that th�investments described in " ��=- __
<br /> this clause must (A)have a predetermined fixed dollar amount of principal due at � . , ,:;�Pr����-�
<br /> « ,� . :�,��-�,
<br /> maturity that cannot vary or change, (B) if rated by S&P, must not have an r _
<br /> highGghter aff'ixed to their rating, (C) if such investments have a variable rate of interest, .- ----
<br /> such interest rate must be tied to a single interest rate index plus a fixed spread (if any) � �;;��'-"
<br /> and must move proportionately with that index, and (D) such investments must not be � =i:� .
<br /> . subject to liquidation prior to theie cuaturity; (iv} federal funds,unsecured certificates of -_ ---
<br /> deposit,time deposits, bankers' acceptances and repurchase agreements with maturities ,;_A:-_�-
<br /> of not more than 365 days of any bank, the short term obligations of which are rated in �"''�:
<br /> ,° the highest short term ratin� category by each Rating Agency(or othervrise acceptable to =''=.
<br /> each Rating Agency, as confirmed in writing that such investment would not, in and of '�T"=��"
<br /> "' �� itself, result in a downgrade, qualification or withdrawal of the then current ratings �;;�
<br /> • �' assigned to any security issued in connection with a Securitization); provided. however. ,;�'� ''��
<br /> ° that the investments described in this clause must (A) have a predetern�ined fixed dollar t�
<br /> �� � amount of principal due at maturiry that cannot vary or change, (B) if rated by S&P, ��
<br /> _ " must not have an "r" hi�hlil�hter affixed to their rating, (C) if such investments have a '-
<br /> % variable rate of interest, such interest rate must be tied to a single interest rate index plus ,
<br /> � �` a fixed spread(if any) and must move proportionately with that index, and (D) such � -
<br /> � investrnents must not be subject to liquidation prior to±heir maturity; (v) fuUy Federal `
<br /> � Deposit Insurance Corporati.on-insured demand and time deposits in, or certificates of ' �-
<br /> � deposit of, or bankers' acceptances issued by, any bank or trust company, savings and �l.,:�
<br /> loan association or savings bank, the short term obligations of which are rated in the � `� "
<br /> � ,, :
<br /> � highest short term rating category by each�tating Agency (or othervvise acceptable to `�,
<br /> �+ each Rating Agency, as confirmed in writing that such investment would not, in and of -
<br /> . -; itself, result in a downgrade, qualification or withdrawal of the then current ratings ��.�-
<br />. � '? assigned to any secut�ity issued in connection with a Securitizarion); provided. owever, =_
<br /> , -� .�� that the investments descnbed ia this clause must (A) have a predetermined fixed dollar =-.---
<br />: � arnount of principal due at maturity that cannot vary or change, (B) if rated by S&P, �:
<br /> � must not have an"r" highlighter affixed 4o their rating, (C) if such investments have a `_
<br /> - . �" � ' variaY�le rate of interes t, such interest rate must be tied to a single interest rate index plus = _—_ _
<br />_-�-�-��-�'' � a "ixed spread (if any) and must move r*eg�r+;onat�ly with that index, and (D) such �_�_. -=
<br /> �--.--—.___.. -_
<br />�;�,;�:� _ investments must not be subject to liquidation prior to their maturiry; (vi) debt —___
<br /> ``� .�•�` - obligations with rnaturities of not more than 365 days and rated by each Rating Agency � _
<br /> - � R: (or otherwise acceptable to each Rating Agency, as con�xmed in writing that such �__-_----- -
<br />�"' ��" iravestment would not, in and of itself, result in a downgrade,qualification or withdrawal -_=-__---
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