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• date on which Bonds are redeemed from amounts on deposit in the Redemption Fund, after payment in full of the redemption price of all Bonds redeemed on such date from amounts on deposit in the Redemption Fund, funds remaining on deposit in the Redemption Fund (exclusive of the LOC Redemption Account) shall be transferred by the Trustee to the Credit Facility Issuer in the amount necessary to reimburse the Credit Facility Issuer for the draw made on the Credit Facility to pay such redemption price. No redemption price of Pledged Bonds. shall be paid unless and until the redemption price of all other Bonds due on such date shall be paid and the Credit Facility Issuer shall be reimbursed for the draw made on the Credit Facility to pay such redemption price. Section 408. Investment of Funds. (a) Subject to the limitations provided in-this Section 408, upon verbal direction promptly followed by a Written Request of the Authority filed with the Trustee, moneys on deposit hereunder shall only be invested in Qualified Investments that mature so as to mature on or prior to the date or dates that moneys therefrom are reasonably anticipated to be required provided that moneys in the Reserve Fund may be invested in investments not in excess of five (5) years. As and when any amounts invested pursuant to this Indenture may be needed for disbursements from the Sinking Fund, the Trustee shall cause a sufficient amount of such investments to be sold or otherwise converted into cash to the credit of such Fund. The Trustee, may trade with itself in the purchase and sale of securities for such • investment; provided, however, that in no case shall any investment be otherwise than in accordance with the investment limitations contained herein. The Trustee shall not be liable or responsible for any loss resulting from any such investments. Gains from investments shall be credited to and held in and losses shall be charged to the fund or account from which the investment is made. (b) Investment income from the funds and accounts and subaccounts therein specified in subsection (a) of this Section which was derived either from the proceedsof Bonds issued to finance the Project or from moneys otherwise deposited in such funds in connection with the issuance of such Bonds shall be credited to the fund and accounts and subaccounts therein from which the investments were made; provided however, that investment income from the Reserve Fund shall be deposited into the Capitalized Interest Account of the Sinking Fund until May 31, 1996. Thereafter, such investment income from the Reserve Fund shall be credited to the Principal and~Interest Account of the Sinking Fund. Section 409. Non-Presentment of Tendered Bonds. In the event any Tendered Bonds shall not be presented for purchase and moneys sufficient to pay the purchase price of such Tendered Bonds are held in the Bond Purchase Fund, the Tender Agent shall segregate and hold such moneys in trust (but shall not invest such moneys), without liability for interest thereon, for the benefit • 40