Laserfiche WebLink
such Bond and all notices with respect to such Bond shall be made and given, <br />respectively, by the Bond Registrar or City, as the case may be, to the Depository <br />as provided in the Letter of Representations to the Depository required by the <br />Depository as a condition to its acting as book -entry Depository for the Bonds <br />(said Letter of Representations, together with any replacement thereof or <br />amendment or substitute thereto, including any standard procedures or policies <br />referenced therein or applicable thereto respecting the procedures and other <br />matters relating to the Depository's role as book -entry Depository for the Bonds, <br />collectively hereinafter referred to as the "Letter of Representations "). <br />(vii) All transfers of beneficial ownership interests in each Bond issued <br />in book -entry form shall be limited in principal amount to Authorized <br />Denominations and shall be effected by procedures by the Depository with the <br />Participants for recording and transferring the ownership of beneficial interests in <br />such Bonds. <br />(viii) In connection with any notice or other communication to be <br />provided to the Holders pursuant to this Resolution by the City or Bond Registrar <br />with respect to any consent or other action to be taken by Holders, the Depository <br />shall consider the date of receipt of notice requesting such consent or other action <br />as the record date for such consent or other action; provided, that the City or the <br />Bond Registrar may establish a special record date for such consent or other <br />action. The City or the Bond Registrar shall, to the extent possible, give the <br />Depository notice of such special record date not less than fifteen calendar days in <br />advance of such special record date to the extent possible. <br />(ix) Any successor Bond Registrar in its written acceptance of its duties <br />under this Resolution and any paying agency /bond registrar agreement, shall <br />agree to take any actions necessary from time to time to comply with the <br />requirements of the Letter of Representations. <br />(x) In the case of a partial prepayment of a Bond, the Holder may, in <br />lieu of surrendering the Bonds for a Bond of a lesser denomination as provided in <br />paragraph 5, make a notation of the reduction in principal amount on the panel <br />provided on the Bond stating the amount so redeemed. <br />(c) Termination of Book -Entry Only System. Discontinuance of a particular <br />Depository's services and termination of the book -entry only system may be effected as <br />follows: <br />(i) The Depository may determine to discontinue providing its <br />services with respect to the Bonds at any time by giving written notice to the City <br />and discharging its responsibilities with respect thereto under applicable law. The <br />City may terminate the services of the Depository with respect to the Bond if it <br />determines that the Depository is no longer able to carry out its functions as <br />securities depository or the continuation of the system of book -entry transfers <br />6 <br />