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the Trustee in the Interest Account only to the extent not required to cause the balance in the <br />Reserve Account to equal the Reserve Requirement. The Trustee may act as principal or <br />agent in the acquisition or disposition of any investment and may impose its customary charges <br />therefor. The Trustee shall incur no liability for losses arising from any investments made at the <br />direction of the Agency or otherwise made in accordance with this Section. For investment <br />purposes only, the Trustee may commingle the funds and accounts established hereunder, but <br />shall account for each separately. <br />The Agency acknowledges that to the extent regulations of the Comptroller of the <br />Currency or other applicable regulatory entity grant the Agency the right to receive brokerage <br />confirmations of security transactions as they occur, the Agency specifically waives receipt of <br />such confirmations to the extent permitted by law. The Trustee will furnish the Agency monthly <br />cash transaction statements which shall include detail for all investment transactions made by <br />the Trustee hereunder. <br />All moneys held by the Trustee shall be held in trust, but need not be segregated from <br />other funds unless specifically required by this Indenture. Except as specifically provided in this <br />Indenture, the Trustee shall not be liable to pay interest on any moneys received by it, but shall <br />be liable only to account to the Agency for earnings derived from funds that have been <br />invested. <br />The Agency covenants that all investments of amounts deposited in any fund or account <br />created by or pursuant to this Indenture, or otherwise containing gross proceeds of the Bonds <br />(within the meaning of section 148 of the Code) shall be acquired, disposed of, and valued (as <br />of the date that valuation is required by this Indenture or the Code) at Fair Market Value. <br />Investments in funds or accounts (or portions thereof) that are subject to a yield <br />restriction under applicable provisions of the Code shall be valued by the Agency at their <br />present value (within the meaning of section 148 of the Code). Investments on deposit in the <br />Reserve Account shall be valued by the Agency on June 30 of each year at their market value. <br />Section 6.07. Accounting Records and Financial Statements. The Trustee shall at <br />all times keep, or cause to be kept, proper books of record and account, prepared in <br />accordance with corporate trust industry standards, in which complete and accurate entries <br />shall be made of all transactions relating to the proceeds of the Bonds made by it and all funds <br />and accounts held by the Trustee established pursuant to this Indenture. Such books of record <br />and account shall be available for inspection by the Agency upon reasonable prior notice, at <br />reasonable hours and under reasonable circumstances. The Trustee shall furnish to the <br />Agency, on at least a monthly basis, an accounting of all transactions in the form of its <br />customary statements relating to the proceeds of the Bonds and all funds and accounts held by <br />the Trustee pursuant to this Indenture. <br />Section 6.08. Other Transactions with Agency. The Trustee, either as principal or <br />agent, may engaged in or be interested in any financial or other transaction with the Agency. <br />36 <br />