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<br />. <br />. <br /> <br />. <br />. <br /> <br />. <br /> <br />. <br /> <br />. . \ <br /> <br />Section 4.04. Deposit and Investment of Moneys in Funds. All moneys <br />held in any .of the funds .or accounts established pursuant to this Resolution <br />shall be deposited in demand or time deposits (which may be represented by <br />certificates of deposit) in any bank or trust company authorized to accept <br />deposits of trust funds (including the banking department of the Bank) and. as <br />and to the extent required by law. shall be secured at all times as trust <br />funds, or in lieu there.of may be invested by the Agency in Permitted <br />Investments maturing prior t.o the date on which such moneys are estimated to <br />be required to be paid out hereunder. All interest or gain received on or <br />pri or to DeceiTDer I, 1982, shall be deposi ted in the Note Fund and shall be <br />used for the payment of interest due on the Note on and prior to DeceiTDer 1. <br />1982. All interest or gain received after December 1. 1982, shall be <br />deposited in the Note Fund and used f.or the payment of principal and interest <br />on the Note when due in accordance with the terms .of Section 2.02 here.of or by <br />prepayment in accordance with Section 2.03 hereof. Amounts in excess of the <br />amounts required for use in accordance with Section 2.02 and 2.03 may be <br />withdrawn by the Agency and dep.osited in its general funds so long as there is <br />not an event of default hereunder. <br /> <br />Section 4.05. Assignment to Noteholder. The Agency hereby transfers. <br />assigns and sets over to the Noteholder without recourse all of the Revenues <br />and any and all rights, privileges and obligations it has under the <br />Agreements, the Deeds .of Trust and the Promi ssory Notes i ncludi ng, wi thout <br />limitation, the right to collect and receive directly all of the Revenues. and <br />any Revenues collected or received by the Agency shall be deemed to be held. <br />and to have been co 11 ected or received, by the Agency as the agent of the <br />Noteholder, and if received by the Agency, shall forthwith be paid by the <br />Agency. The assignment under this Section shall not be in contravention of <br />any grant .or assignment pursuant to the Purchase Agreement. the Pledge <br />Agreement, the Agreements or the Collateral Assignments. <br /> <br />11 <br />