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Federal Home Loan Bank Enterprise <br /> Senior debt obligations <br /> Federal Home Loan Mortgage Corporation HLMC or"Freddie Mac") <br /> Participation certificates <br /> Senior debt obligations <br /> Federal National Mortqaae Association (FNMA or"Fannie Mae") <br /> Mortgage-backed securities and senior debt obligations <br /> Resolution FundinQ Corp. (REFCORP) obligations <br /> Farm Credit Enterprise <br /> Consolidated system-wide bonds and notes <br /> Federal Agriculture Mortqaqe Association <br /> Tennessee Vallev District <br /> 4. Money market funds registered under the Federal Investment Company Act of <br /> 1940, whose shares are registered under the Fede�al Securities Act of 1933, and having a <br /> rating by S8P of"AA.Am-G," "AAA-m," or"AA-m" and if rated by Moody's rated "Aaa," "AA1" or <br /> "Aa2," including funds for which the Trustee, its parent holding company, if any, or any affiliates <br /> or subsidiaries of the Trustee provide investment advisory or other management services. <br /> 5. U.S. dollar denominated deposit accounts, federal funds and banker's <br /> acceptances with domestic commercial banks (including the Trustee and its afFliates) which <br /> have a rating on their short term certificates of deposit on the date of purchase of "P-1" by <br /> Moody's and "A-1" or "A-1+" by S8P and maturing no more than 360 days after the date of <br /> purchase, provided that ratings on holding companies are not considered as the rating of the <br /> bank. <br /> 6. Investment agreements, guaranteed investment contracts, funding agreements, <br /> or any other form of corporate note which represents the unconditional obligation of one or more <br /> banks, insurance companies or other financial institutions, or are guaranteed by a financial <br /> institution which has an unsecured rating, or which agreement is itself rated, as of the date of <br /> execution thereof, "AA" and "Aa2", respectively, by S8P and Moody's, provided that (1) such <br /> agreement shall require that if during its term the provider's rating by either S8P or Moody's falls <br /> below "AA-" or "Aa3," respectively, the provider shall, at its option, within 10 days of receipt of <br /> publication of such downgrade, either (i) collateralize the investment agreement by delivering or <br /> transferring in accordance with applicable state and federal laws (other than by means of entries <br /> on the provider's books) to the Authority, the Trustee or a third party acting solely as agent <br /> therefor (the "Holder of the Collateral") collateral free and clea�of any third-party liens or claims <br /> the market value of which collateral is maintained at levels and upon such conditions as would <br /> be acceptable to S8P and Moody's to maintain an "A" category rating in an "A" category rated <br /> structured financing (with a market value approach); or (ii) at the sole expense of the provider, <br /> the provider shall obtain the unconditional assumption of their remaining obligations under the <br /> same terms and conditions of the investment agreement from an eligible replacement provider <br /> whose ratings are at least "AA-" and "Aa3" by S8�P and Moody's, respectively; (2) if the <br /> provider's rating by eithe�S8P or Moody's is withdrawn or suspended or falls below"A-" or "A3," <br /> 7 <br />