Security for Cash Balances. Cash balances from time to time on deposit in the Escrow Fund shall, to the extent not insured by the Federal Deposit Insurance Corporation or its successor, be continuously secured by a pledge of direct obligations of, or obligations unconditionally guaranteed by, the United States of America, having a market value at least equal to such cash balances.
Security for Cash Balances. Cash balances from time to time shall, to the extent not insured by the Federal Deposit Insurance Corporation or its successor, be continuously collateralized by securities or obligations which qualify and are eligible under both the laws of the United States of America and the State of Texas to secure and be pledged as collateral for public funds having a market value at least equal to such cash balances.
Security for Cash Balances. Cash balances from time to time held in the Trust Fund may be deposited by the Trustee in non-interest bearing demand deposits with the Trustee to the extent not otherwise required to be invested hereunder. Any such deposits shall, to the extent not insured by the Federal Deposit Insurance Corporation or its successor, be continuously secured in the manner provided by law for deposits or trust funds by a pledge of direct obligations of, or obligations unconditionally guaranteed by, the United States of America, having a market value at least equal to such cash balances, and the Holders of the Remaining 1995 Notes shall be entitled to a preferred lien and claim upon such obligations in the event of any insolvency, receivership, conservatorship or liquidation of the Trustee.
Security for Cash Balances. Cash balances from time to time on deposit in the Escrow Fund shall, be collateralized as required by Chapter 2257, Texas Government Code, as amended.
