Common use of Investment of Moneys in the Bond Fund Clause in Contracts

Investment of Moneys in the Bond Fund. (a) Any moneys held as a part of the Bond Fund or any other fund established pursuant to the Indenture or this Agreement shall be invested or reinvested by the Trustee, to the extent permitted by law, as directed by an Authorized Representative of the Company, in Authorized Investments. (b) The Trustee may make any and all such Authorized Investments through its own bond department, the bond department of an Affiliate or the bond department of any bank or trust company under common control with the Trustee. All such Authorized Investments shall at all times be a part of the fund from which the moneys used to acquire such Authorized Investments shall have come, and all income and profits on such Authorized Investments shall be credited to, and losses thereon shall be charged against, such funds. Such Authorized Investments shall be made so as to mature or be subject to redemption at the option of the holder thereof on or prior to the date or dates that the Company anticipates that moneys therefrom will be required.

Investment of Moneys in the Bond Fund. (a) Any moneys held as a part of the Bond Fund or any other fund established pursuant to the Indenture or this Agreement shall be invested or reinvested by the Trustee, to the extent permitted by law, as directed by an Authorized Representative of the Company, in Authorized Investments. (b) The Trustee may make any and all such Authorized Investments through its own bond department, the bond department of an Affiliate or the bond department of any bank or trust company under common control with the Trustee. All such Authorized Investments shall at all times be a part of the fund from which the moneys used to acquire such Authorized Investments shall have come, and all income and profits on such Authorized Investments shall be credited to, and losses thereon shall be charged against, such funds. Such Authorized Investments shall be made so as to mature or be subject to redemption at the option of the holder thereof on or prior to the date or dates that the Company anticipates that moneys therefrom will be required.

Investment of Moneys in the Bond Fund. (a) Any moneys held as a part of the Bond Fund or any other fund established pursuant to the Indenture or this Agreement shall be invested or reinvested by the Trustee, to the extent permitted by law, as directed by an Authorized Representative of the Company, in Authorized Investments. (b) The Trustee may make any and all such Authorized Investments through its own bond department, the bond department of an Affiliate or the bond department of any bank or trust company under common control with the Trustee. All such Authorized Investments shall at all times be a part of the fund from which the moneys used to acquire such Authorized Investments shall have come, and all income and profits on such Authorized Investments shall be credited to, and losses thereon shall be charged against, such funds. Such Authorized Investments shall be made so as to mature or be subject to redemption at the option of the holder thereof on or prior to the date or dates that the Company anticipates that moneys therefrom will be required. (c) Section 4.1 of the Agreement is hereby modified and amended to read in its entirety as follows: