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g. deposits of any bank or savings and loan association which has combined capital, surplus and <br />undivided profits of not leas than $3 million, provided such deposits are fully insured by the <br />Federal Deposit Insurance Corporation or Federal Savings and Loan Insurance Corporation; <br />b. investments in a money-market fund rated 'Am" or 'Am -G' or better by Standard & Poor's <br />Corporation; <br />repurchase agreements with a term of one year or lea wills any institution with debt rated <br />'AA' or commercial paper rated 'A-1' (in each case by Standard & Poor's Corporation); <br />repurchase agreements collateralized by Direct Obligations or Agency Obligations with any <br />registered broker/dealer subject to the Securities investors' Protection Corporation jurisdiction <br />2L any commercial bank, if such broker/dealer or bank has an uninsured, unsecured and <br />unguaranteed obligation rated 'Prime -1' or 'A3' or better by Moody's Investors Service, and <br />"A-1" or 'A-' or better by Standard & Poor's Corporation, provided: <br />(1) a master repurchase agreement or specific written, repurchase agreement governs the <br />transaction; and <br />(2) the securities are held free and clear of any lien by the Trustee or an independent <br />third party acting solely u agent for the Trustee, and such third party is (a) a Federal <br />Reserve Bank, (b) a bank which is a member of the Federal Deposit Insurance <br />Corporation and which has combined capital, surplus and undivided profits of not less <br />than $25 million, or (c) a bank approved in writing for such purpose by Financial <br />Guaranty Insurance Company, and the Trustee shall have received written <br />confirmation from such third party that it holds such securities. free and clear of any <br />lien, u agent for the Trustee; and <br />a perfected first security interest under the Uniform Commercial Code, or book entry <br />procedures prescribed at 31 C.F.R. 306.1 et seq. or 31 C.F.R. 350.0 et seq. in such <br />securities is created for the benefit of the Trustee; and <br />(3) <br />(4) the repurchase agreement has a term of thirty days or less, or the Trustee will value <br />the collateral securities no Tess frequently than monthly and will liquidate the collateral <br />securities if any deficiency in the required collateral percentage is not restored within <br />two business days or such valuation; and <br />the repurchase agreement matures at least ten days (or other appropriate liquidation <br />period) prior to a debt service payment date, and <br />(6) the fair market value of the securities in relation to the amount of the repurchase <br />obligation, including principal and interest, is equal to at least 100%; and <br />k. investment agreements with a bank or insurance company which has an unsecured, uninsured <br />and unguaranteed obligation (or claims -paying ability) rated "A3" or better by Moody's <br />Investors Service and "A-" or better by Standard & Poor's Corporation, or is the lead bank of <br />a parent bank holding company with an uninsured, unsecured and unguaranteed obligation <br />meeting such rating requirements, provided: <br />(S) <br />(1) <br />interest is paid at least semi-annually at a fixed rate during the entire term of the <br />agreement, consistent with bond payment dates, and <br />G-2 <br />r <br />