Laserfiche WebLink
<br />7 <br /> <br />Federal Home Loan Bank Enterprise <br /> Senior debt obligations <br /> <br />Federal Home Loan Mortgage Corporation HLMC or “Freddie Mac”) <br /> Participation certificates <br /> Senior debt obligations <br /> <br />Federal National Mortgage Association (FNMA or “Fannie Mae”) <br /> Mortgage-backed securities and senior debt obligations <br /> <br />Resolution Funding Corp. (REFCORP) obligations <br /> <br />Farm Credit Enterprise <br /> Consolidated system-wide bonds and notes <br /> <br />Federal Agriculture Mortgage Association <br /> <br />Tennessee Valley District <br /> <br />4. Money market funds registered under the Federal Investment Company Act of <br />1940, whose shares are registered under the Federal Securities Act of 1933, and having a <br />rating by S&P 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 /> <br />5. U.S. dollar denominated deposit accounts, federal funds and banker’s <br />acceptances with domestic commercial banks (including the Trustee and its affiliates) 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 S&P 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 /> <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 S&P and Moody’s, provided that (1) such <br />agreement shall require that if during its term the provider’s rating by either S&P 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 clear 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 S&P 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 S&P and Moody’s, respectively; (2) if the <br />provider’s rating by either S&P or Moody’s is withdrawn or suspended or falls below “A-” or “A3,” <br />8.C. - Page 118