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and Whereas under the terms of the Contract the PHA/IHA is required to select as depositories of its funds financial institutions whose deposits or accounts are insured by either the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund as long as this Agreement is in force and effect. Now Therefore in consideration of the mutual covenants herein- writing and signed on behalf of the PHA/IHA by an officer or member designated by resolution of the Board of Direc ...

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What is a general depository agreement?

Depository Agreement means the agreement, dated as of the Closing Date, executed by the Issuer in favor of DTC, as initial Clearing Agency, relating to the Notes and the Certificates, as the same may be amended or supplemented from time to time.

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