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insurance shall be deposited in the Revenue Fund to be applied in the manner provided herein. SECTION 5.04. Investment of Moneys in Funds and Accounts. Moneys in the Acquisition Fund, the Revenue Fund and the Costs of Issuance Fund, and any accounts therein shall, upon the Written Request of the City, be invested by the Trustee in Permitted Investments. In the absence of a Written Request of the City, the Trustee will invest moneys in such funds and accounts in Permitted Investments described in subparagraph (d) of the definition of Permitted Investments. The obligations in which moneys in the said funds and accounts are invested shall mature prior to the date on which such moneys are estimated to be required to be paid out hereunder. The obligations in which moneys in the Reserve Account are so invested shall be invested in obligations maturing no later than five years after the date of investment or on the final maturity date of the Bonds, whichever date is earlier; provided, however, that if an obligation may be redeemed at par for the purposes set forth herein on the business day prior to each Interest Payment Date during which such obligation is outstanding, such obligation may have any maturity. Prior to the completion of the acquisition, construction and installation of the Project, any interest, income or profits from the deposits or investments of all funds and accounts (except the Rebate Fund and the Reserve Account) shall be deposited in the Acquisition Fund. After the completion of the acquisition, construction and installation of the Project, any interest, income or profits from the deposits or investments of all funds and accounts (except the Rebate Fund and the Reserve Account) shall be deposited in the Revenue Fund. For purposes of determining the amount of deposit in any fund or account held hereunder (other than the Reserve Account), all Permitted Investments credited to such fund or account shall be valued at the lower of the cost thereof or the market value thereof (excluding accrued interest and brokerage commissions, if any). Permitted Investments credited to the Reserve Account shall be valued at cost. Except as otherwise provided in this Section, Permitted Investments representing an investment of moneys attributable to any fund or account and all investment profits or losses thereon shall be deemed at all times to be a part of said fund or account. ARTICLE VI COVENANTS OF THE AUTHORITY SECTION 6.01. Punctual Payment and Performance. The Authority will punctually pay the interest on and the principal of and redemption premiums, if any, to become due on every Bond issued hereunder in strict conformity with the terms hereof and of the Bonds, and will faithfully observe and perform all the agreements and covenants contained herein and in the Bonds. SECTION 6.02. Against Encumbrances. The Authority will not make any pledge of or place any charge or lien upon the Leased Property or any part thereof or upon the Revenues except as provided herein, and will not issue any bonds, notes or obligations LA1-63221.3 40