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Year <br />Amount <br />Year <br />Amount <br />2004 <br />$70,000 <br />2012 <br />$130,000 <br />2005 <br />80,000 <br />2013 <br />135,000 <br />2006 <br />85,000 <br />2014 <br />150,000 <br />2007 <br />90,000 <br />2015 <br />160,000 <br />2008 <br />95,000 <br />2016 <br />170,000 <br />2009 <br />105,000 <br />2017 <br />185,000 <br />2010 <br />110,000 <br />2018 <br />200,000 <br />2011 <br />120,000 <br />All dates are inclusive. <br />As may be requested by the Purchaser, one or more term Bonds may be issued <br />having mandatory sinking fund redemption and final maturity amounts conforming to the <br />foregoing principal repayment schedule, and corresponding additions may be made to the <br />provisions of the applicable Bond(s). <br />(b) Book Enta Only System. The Depository Trust Company, a limited <br />purpose trust company organized under the laws of the State of New York or any of its <br />successors or its successors to its functions hereunder (the "Depository") will act as securities <br />depository for the Bonds, and to this end: <br />(i) The Bonds shall be initially issued and, so long as they remain in book entry <br />form only (the "Book Entry Only Period"), shall at all times be in the form of a separate <br />single fully registered Bond for each maturity of the Bonds; and for purposes of <br />complying with this requirement under paragraphs 5 and 10 Authorized Denominations <br />for any Bond shall be deemed to be limited during the Book Entry Only Period to the <br />outstanding principal amount of that Bond. <br />(ii) Upon initial issuance, ownership of the Bonds shall be registered in a bond <br />register maintained by the Bond Registrar (as hereinafter defined) in the name of CEDE <br />& CO., as the nominee (it or any nominee of the existing or a successor Depository, the <br />"Nominee"). <br />(iii) With respect to the Bonds neither the City nor the Bond Registrar shall have <br />any responsibility or obligation to any broker, dealer, bank, or any other financial <br />institution for which the Depository holds Bonds as securities depository (the <br />"Participant") or the person for which a Participant holds an interest in the Bonds shown <br />on the books and records of the Participant (the "Beneficial Owner"). Without limiting <br />the immediately preceding sentence, neither the City, nor the Bond Registrar, shall have <br />any such responsibility or obligation with respect to (A) the accuracy of the records of the <br />Depository, the Nominee or any Participant with respect to any ownership interest in the <br />Bonds, or (B) the delivery to any Participant, any Owner or any other person, other than <br />1221968.1 3 <br />