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Insurance Policy,then such Bonds shall remain Outstunding for all purposes hereof and shali not be <br /> defeased or otherwise satisfied and shall not be considered paid by the Port,and the assignment and <br /> pledge hereunder and all agreements and covenants of the Port to the Owners of such Bonds shall <br /> continue to exist and shall run to the benefit of such Bond lnsurer, and such Bond )nsurer shall be <br /> subrogated to the rights of such Owners. In such event,the Trustee shall execute and deliver to the Port <br /> all such instruments as may be desirable to evidence such discharge and satisfaction,and the Tcustee <br /> shall pay over or deliverto the Port all money or securities held by it pursuant hereto which secure only <br /> such Bonds(or are properly atic�cable under the terms hereof to such Bonds to be defeased)which are <br /> not required for the peyment of such interest, principa! and redemption premiums, if any, on such <br /> Bonds,other than the money,if any,in nny Rebate Fund relsted to such Bonds. <br /> Any Outstanding Bnnds for the payment of which money shall have been set aside(through <br /> deposit hy the Port or otherwise)to be hcld in trust by the Trustee for such payment at the maturity <br /> or rcdemption date thereof shall be deemed, as of the date of such setting aside, to have been paid <br /> within the meaning and with the effect expressed in the first paragraph of this Section 8.1. <br /> Any Outstanding Bonds shall prior to the maturity date thcrcof be deemed to have been paid <br /> within the meanin�and with tlie effect expressed in the first paragraph of this Section 8.1 if(1)there <br /> shall have been deposited with the Trustee either money in an amount which shall be sufficient, or <br /> Authorized Invcstmcnts identifed in subparagraph A of thc definition thereof("Fedcral Securities") <br /> which are not subject to redemption prior to maturity (including any Federal Securities issued or <br /> held in book-entry form on the books of the Department of Treasury of the United States of <br /> America)the interest on and principal of which when paid will provide money which�to�ether with <br /> the money,if any,deposited with the Trustee at the same time,shall be suf(icient(as evidenced by a <br /> report of an Independent Certified Public Accountant obtained by the Port and filed with the <br /> Trustee) to pay when due the interest due and to become due on such Bonds on and prior to the <br /> maturity date or redemption date thereof,and the principal of and redemption premiums, if any, on <br /> such Donds on the maturity date or redemption date thereof, and (2)the Port shall have given the <br /> 'Trustee a Written Request of the Port containing irrevocable instructions to mail, as soon as <br /> practicable, a notice to the Owners of such Bonds that the deposit required by (1) above has been <br /> made with the Trustee and that such Bonds are deemed to have been paid in accordance with this <br /> Section 8.I and stating the maturity date or redemption date upon which money is to be available for <br /> the payment of the principal of and redemption premiums, if any, on such Bonds;prnvided, that <br /> neither the Federal Securities nor any money deposited with the Trustee pursuant to this Section 8.1 <br /> nor any interest or principal payments on any such Federal Securities shall be withdrawn or used for <br /> any purpose other than, and such Federal Securities shall be held in trust for, the payment of the <br /> interest on and principal of and redemption premiums, if any,on such Bonds as provided herein;and <br /> provided jurther, that any cash received from such interest or principal payments on such Pederal <br /> Securities deposited with the Trustee, if not then needed for such purpose, shell, to the extent <br /> practicable,be reinvested as specified in a Written Request of the Pon in Federal Securities maturing � <br /> at times and in amounts sufficient to pay when due the interest on and principal of and redemption <br /> premiums,if any,on such Bonds on and prior to such maturity date or redemption date thereof: <br /> Seetion 8.2, lJnclaimed Money. Anythingcontainedherein to the contrary notwithstandin�, <br /> any money hcld by the Trustce in trust for the payment and discharge of the interest on or principal of <br /> or redcmpsion premiums,if any,on any of the Bonds which remains unclaimed for iwo(2)years after <br /> the date when such payments have become due and payable,if such money was held by the Trustee at <br /> 12094.9122931.0005 4Q <br />