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cause or result in a prohibited payment under applicable Regulations per- raining to, or in any other fashion as would constitute failure of compliance with, Section 148 of the Code. Investments of moneys in the Bond Fund shall mature or be redeemable at-the option of the Trustee at the times and in the amounts necessary to provide moneys to pay Bond Service Charges as they become due at stated maturity or by redemption. Each investment of moneys in the Project Fund shall mature or be redeemable at such time as may be necessary to ma~e payments from the Project Fund and Equity Fund. Subject to any directions from the Authorized Company Representative with respect thereto, from time to time, the Trustee may sell those invest- ments and reinvest the proceeds therefrom in Eligible Investments maturing or redeemable as aforesaid. Any of those investments may be purchased from or sold to the Trustee, the Registrar, an Authenticating Agent or a Paying Agent, or any bank, trust company or savings and loan association affiliated with any of the foregoing. The Trustee shall sell or redeem investments credited to the Bond Fund to produce sufficient moneys applicable hereunder to and at the times required for the purposes of paying Bond Service Charges when due as aforesaid, and shall do so without necessity for any order on behalf of the Issuer and without restriction by reason of any order. An investment made from money credited to the Bond Fund, the Project Fund or the Equity Fund shall constitute part of that respective Fund, and each respective Fund shall be credited with all proceeds of sale and income from investment of moneys credited thereto. For purpose of this Indents[re, those investments shall be valued at face amount or market value, whichever is less. (D) Section 7.01 of the Original Indenture shall be deleted and in its place the following shall be substituted: SECTION 7.01. Defaults; Events of Default. The occurrence of any of the following events is defined as and declared to be and to constitute an Event of Default hereunder: (a) Payment of any interest on any Bond shall not be made when and as that interest shall become due and payable and continuing for a period of ten days thereafter; provided, however, that no Event of Default shall be deemed to have occurred if the Company makes an Alternate Interest Payment on that Interest Payment Date in lieu of paying the interest otherwise due; (b) Payment of the principal of or any premium on any Bond shall not be made when and as that principal or premium shall become due and payable, whether at stated maturity, by redemption, by ac- celeration or otherwise; provided, however, that no Event of Default shall be deemed to have occurred if (i) the Company makes an AlTernate Principal Payment on that Principal Payment Date in lieu of paying the principal otherwise due and (ii) the Company makes the Final Payment on September 1, 2002; (c) Failure by the Issuer ~o observe or perform any other covenant, agreement or obligation on its part to be observed or performed contained in this Indenture or in the Bonds, which failure shall -15-