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do unless after such transfer, there shall remain on deposit in the Principal Account an amount equal to the aggregate principal amount of such Bonds outstanding to be redeemed on the immediately succeeding January 1. (e) Notwithstanding the foregoing provisions of this Section, so long as the Credit Facility shall be in effect (i) unless the Credit Facility Provider shall have wrongfully failed to honor a demand for funds under the Credit Facility, no moneys shall be deposited in the Debt Service Fund except moneys that constitute Available Moneys and (ii) no amount on deposit in the Debt Service Fund shall be applied to the payment of the principal or Redemption Price of or interest on, or the purchase price of, Credit Facility Bonds, which payments shall be made by the Borrower for the account of the Issuer directly to the Credit Facility Provider in accordance with the Loan Agreement. Section 4.06. Investment of Moneys. Moneys in any of the funds and accounts established pursuant to this Indenture shall be invested by the Trustee or the Registrar and Paying Agent (as the case may be) as shall be directed by the Borrower and NHC in a written order signed by Authorized Officers of the Borrower and of NHC, but only in Investment Obligations maturing or redeemable at the option of the holder in such amounts and on such dates as may be necessary to provide moneys to meet the payments from such funds and accounts; provided, however, that so long as the Credit Facility is in effect, amounts on deposit in the Debt Service Fund shall be invested only in Government Obligations maturing or redeemable at par at the option of the holder not more than 30 days after the date of purchase; and provided further that the Registrar and Paying Agent may, at its sole option, hold any moneys held by it under this Indenture uninvested, and noticing contained in this Indenture shall be construed to obligate the Registrar and Paying Agent to invest such moneys at the direction of the Borrower and NHC or otherwise. Interest earned, profits realized and losses suffered by reason of any investment of the funds and accounts created by this Indenture shall be credited or charged, as the case may be, to the fund or account for which such investment shall have been made. The Trustee and the Registrar and Paying Agent may sell or redeem any obligations in which moneys shall have been invested as in this Section provided to the extent necessary to provide cash in the respective fund or accounts, to make any payments required to be made therefrom or to facilitate the transfers of money between various funds and accounts as may be required or permitted from time to time pursuant to the provisions of this Article. In computing the value of the assets of any fund or account established hereunder, investments and accrued interest thereon shall be deemed a part thereof. Such investments shall be valued at amortized cost or current market value, whichever is the lower, or at the redemption price thereof, if then redeemable at the option of the holder (in any case net of the cost of liquidating such investments). - 35 -