10A Action 2008 0602 Attach - Indenture of Trust

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(h) Investment agreements, including guaranteed investment contracts, forward purchase agreements, reserve fund put agreements and collateralized investment agreements with financial institutions rated at least "AA" by Moody's or S&P, or fully collateralized with Federal Securities, subject to the prior written consent of the Series 2008 Insurer; (i) Commercial paper rated "Prime-1" by Moody's and "A-1+" or better by S&P; (j) Bonds or notes issued by any state or municipality which are rated by Moody's and S&P in one of the two highest rating categories assigned by such agencies; (k) Federal funds or bankers acceptances with a maximum term of one year of any bank which an unsecured, uninsured and unguaranteed obligation rating of "Prime-1" or "A3" or better by Moody's, and "A-1+" by S&P; and (I) The Local Agency Investment Fund which is administered by the California Treasurer for the investment of funds belonging to local agencies within the State of California, provided for investment of funds held by the Trustee, the Trustee is entitled to make investments and withdrawals in its own name as Trustee. (m) Any other Any other investments permitted in writing by the Series 2008 Insurer. "Plan Limit" means the limitation, if any, contained in the Redevelopment Plan on the number of dollars of taxes which may be divided and allocated to the Agency pursuant to the Redevelopment Plan, as such limitation is prescribed by Section 33333.4 of the Law. "Principal Account" means the account by that name established and held by the Trustee pursuant to Section 4.03(b). "Principal Corporate Trust Office" means the principal corporate trust office of the Trustee located in San Francisco, California, or such other office that the Trustee may designate in writing to the Agency from time to time as the corporate trust office for purposes of this Indenture; provided, however, that for purposes of the transfer, registration, exchange, payment and surrender of Bonds, the term "Principal Corporate Trust Office" means care of the corporate trust office of U.S. Bank National Association in St. Paul, Minnesota. "Project Area" means the territory within the Redevelopment Project, as described in the Redevelopment Plan. "Project Area Agreement" means the Agreement Regarding Alameda County -City of San Leandro Redevelopment Project dated as of July 1, 1993, between the Agency and the County, as such agreement may hereafter be amended. "Qualified Reserve Account Credit Instrument" means an irrevocable standby or direct-pay letter of credit, insurance policy, or surety bond issued by a commercial bank or insurance company and deposited with the Trustee, provided that all of the following requirements are met at the time of acceptance thereof by the Trustee: (a) in the case of a commercial bank, the long-term credit rating of such bank at the time of delivery of the 11