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Bonds are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given <br /> pursuant to Article III of this Indenture,or provision satisfactory to the Trustee shall have been made for the <br /> giving of such notice; and(iii)Bonds of the Series in lieu of or in substitution for which other Bonds shall <br /> have been authenticated and delivered by the Trustee pursuant to the terms of Section 2.07 pertaining to <br /> replacement of Bonds. <br /> "Participants"means persons who are designated as participants of the Depository in connection with <br /> the operation of a Book-Entry System. <br /> "Participating Underwriter" has the meaning ascribed in the Continuing Disclosure Agreement. <br /> "Permitted Investments"means any of the following,to the extend permitted by law: <br /> (a) Government Obligations; <br /> (b) direct and general obligations of any state of the United States of America or any <br /> municipality or political subdivision of such state, or obligations of any corporation, if such <br /> obligations are in one of the two highest rating categories by a Rating Agency; <br /> (c) negotiable or non-negotiable certificates of deposit,time deposits,or other similar <br /> banking arrangements, issued by any nationally or state-chartered bank(including the Trustee)or <br /> trust company or any loan association,domiciled in the United States, if either: <br /> (i) the long-term obligations of such bank or trust company are rated in one of the <br /> two highest rating categories by a Rating Agency; or <br /> (ii) the deposits are continuously secured as to principal,but only to the extent not <br /> insured by the Federal Deposit Insurance Corporation,or similar corporation chartered by <br /> the United States of America, (1) by lodging with a bank or trust company, as collateral <br /> security,obligations described in paragraph(a)above or,with the approval of the Trustee, <br /> other marketable securities eligible as security for the deposit of trust funds under applicable <br /> regulations of the Comptroller of the Currency of the United States of America or applicable <br /> state law or regulations,having a market value(exclusive of accrued interest)not less than <br /> the amount of such deposit,or(2)if the furnishing of security as provided in clause(1)of <br /> this paragraph is not permitted by applicable law, in such manner as may then be required <br /> or permitted by applicable state or federal laws and regulations regarding the security for <br /> the deposit of trust funds; <br /> (d) investment agreements continuously secured by the obligations listed in paragraphs <br /> (a),(b)or(c)above,with any nationally or state-chartered bank domiciled in the United States,trust <br /> company domiciled in the United States or broker or dealer(as defined by the Securities Exchange <br /> Act of 1934,as amended)which is a member of the Securities Investors Protection Corporation if <br /> (i) such obligations are delivered to the Trustee or supported by a safekeeping receipt issued by a <br /> depository to the Trustee,provided that such investment agreements must provide that the value of <br /> the underlying obligations shall be maintained at a current market value, calculated no less <br /> frequently than monthly, of not less than the amount deposited thereunder, (ii) a prior perfected <br /> - 12 - <br />