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"Depository" means, with respect to the Bonds, DTC, until a successor Depository shall <br /> have become such pursuant to the applicable provisions of this Indenture, and thereafter, <br /> Depository shall mean the successor Depository. Any Depository shall be a clearing agency <br /> under a federal law operating and maintaining, with its participants or otherwise, a Book Entry <br /> System to record ownership of book entry interests in Bonds or Bond Service Charges thereon, <br /> and to effect transfers of book entry interests in Bonds. <br /> "DTC" means The Depository Trust Company (a limited purpose trust company), New <br /> York,New York, and its successors or assigns. <br /> "DTC Participant" means any participant contracting with DTC under its book entry <br /> system and includes securities brokers and dealers, banks and trust companies and clearing <br /> corporations. <br /> "Eligible Investments" means any of the following investments which mature (or are <br /> redeemable at the option of the Trustee) at such time or times as to enable disbursements to be <br /> made from the fund in which such investment is held in accordance with the applicable terms: <br /> (i) Direct obligations of the United States of America, or obligations the full <br /> and prompt payment of which is secured by the pledge of the full faith and credit of the <br /> United States of America, provided that the obligation has an interest accrual period and <br /> interest payment dates that provide for timely payments in amounts sufficient to meet the <br /> payment obligations under this Indenture; <br /> (ii) Non-callable, non-prepayable obligations of the following federal <br /> government agencies: Federal Home Loan Bank, Federal National Mortgage Association, <br /> Federal Home Loan Mortgage Corporation, Tennessee Valley Authority, Farm Credit <br /> System, Washington Metropolitan Area Transit Authority, United States Import-Export <br /> Bank, United States Department of Housing and Urban Development, Farmers Home <br /> Administration, General Services Administration and United States Maritime <br /> Administration, provided the entity maintains a rating of"Aaa" from the Rating Agency <br /> and provided, further, that the obligation has an interest accrual period and interest <br /> payment dates that provide for timely payments in amounts sufficient to meet the <br /> payment obligations under this Indenture; <br /> (iii) Obligations of any state or any political subdivision of any state, which are <br /> rated in the highest category for long-term debt by the Rating Agency, the interest on <br /> which is excluded from gross income for federal income tax purposes and the full and <br /> timely payment of the principal of and any premium and the interest on which is fully and <br /> unconditionally payable from obligations of the character described in (a) or (b) above, <br /> provided that the obligation has an interest accrual period and interest payment dates that <br /> provide for timely payments in amounts sufficient to meet the payment obligations under <br /> this Indenture; and <br /> (iv) (1) the following money market funds, so long as they invest solely in <br /> direct obligations issued by the U.S. Treasury or repurchase agreements backed by those <br /> obligations: First American U.S. Treasury Money Market Fund; Wells Fargo Advantage <br /> - 6 - <br />