Common use of Security for Deposits Clause in Contracts

Security for Deposits. All amounts deposited with HRTAC or the Trustee under the Master Indenture in excess of the amount guaranteed by the Federal Deposit Insurance Corporation or other federal agency shall be continuously held in bank accounts which are secured for the benefit of HRTAC and the Owners of the Bonds in the manner required and to the full extent permitted by the Virginia Security for Public Deposits Act, Chapter 44 of Title

Appears in 3 contracts

Sources: Master Indenture of Trust, Master Indenture of Trust, Master Indenture of Trust