Deposit of Money or Securities with Trustee

Whenever in this Indenture it is provided or permitted that there be deposited with or held in trust by the Trustee money or securities in the necessary amount to pay or redeem any Bonds, the money or securities so to be deposited or held shall be:

(a)lawful money of the United States of America in an amount equal to the principal amount of such Bonds and all unpaid interest thereon to maturity, except that, in the case of Bonds which are to be redeemed prior to maturity, the amount to be deposited or held shall be the principal amount or Redemption Price of such Bonds and all unpaid interest thereon to the date fixed for redemption; or COL4/6/2022 CH. 22 GENERAL FISCAL POLICIES AND CONTROLS

(b)noncallable Investment Securities constituting direct obligations of the United States the principal of and interest on which when due will provide money sufficient to pay the principal or Redemption Price of and all unpaid interest to maturity, or to the date fixed for redemption, as the case may be, on the Bonds to be paid or redeemed, as such principal or Redemption Price and interest become due; provided, in each case, that the Trustee shall have been:

(i)irrevocably instructed (by the terms of this Indenture and by Request of the Government) to apply such money to the payment of such principal or Redemption Price and interest with respect to such Bonds, and

(ii)provided with confirmation from each Rating Agency that such application of such money will not result in such Rating Agency no longer rating such Bonds.