Foundation Responsibilities. A. Upon establishment of the MSHCP Fund, the Foundation shall appoint an individual and an alternate (collectively, the “Foundation Representative”), who shall represent the Foundation in carrying out its obligations under this Agreement. B. The Foundation shall maintain the MSHCP Fund either in an interest bearing account at a financial institution that is a member of the Federal Deposit Insurance Corporation or the Securities Investment Protection Corporation or in a government securities-only investment account. For accounting purposes, the MSHCP Fund and its sub-accounts shall be distinguishable from all other accounts maintained by the Foundation. The Foundation shall also ensure that each deposit into the MSHCP Fund is tracked separately for accounting purposes into either the Reserve Account, Mitigation Account, or Interest Account, as appropriate.
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