1990 RES R-07-90 - Laserfiche WebLink

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following additional conditions with respect to such collateralized securities must be satisfied: * the Fiscal Agent or a third party acting solely as agent for the Trustee has possession of the collateral; * the Fiscal Agent has a perfected first priority security interest in the collateral; * collateral is free and clear of third-party liens and in the case of a Securities Investors Protection Corp. broker, was not acquired pursuant to a repurchase agreement or reverse repurchase agreement; and * failure to maintain the requisite collateral level will require the Fiscal Agent to liquidate collateral. (v) Repurchase agreements with any bank, trust company or national banking association insured by the Federal Deposit Insurance Corporation or with any government bond dealer recognized as a primary dealer by the Federal Reserve Bank of New York, which agreements are fully and continuously secured by a valid and perfected priority security interest in obligations described in paragraph (i) or (ii) of this definition, provided that either the unsecured debt of such bank, trust company or national banking association is rated "A1" or better by the Rating Agency, or that the following conditions are met: * the Fiscal Agent or a third party acting solely as agent for the Fiscal Agent has possession of the collateral; * the Fiscal Agent has a perfected first priority security interest in the collateral; * collateral is free and clear of third-party liens and in the case of a Securities Investors Protection Corp. broker, was not acquired pursuant to a repurchase agreement or reverse repurchase agreement; and * failure to maintain the requisite collateral level will require the Fiscal Agent to liquidate collateral. (vi) Investment agreements with any corporation, including banking or financial institutions, the -7-