Guam § 10 - Deposit of Money or Securities with Trustee.

§ 10. 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

(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.