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1999_0125_packet
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1999_0125_packet
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give the Depository notice of such <br /> special record date not less than 15 <br /> calendar days in advance of such special <br /> record date to the extent possible. <br /> (i ) Any successor Bond Registrar in its written <br /> acceptance of its duties under this <br /> Resolution and any paying agency/bond <br /> registrar agreement., shall agree to take any <br /> actions necessary from time to time to comply <br /> with the requirements of the Fetter of <br /> Representations. <br /> (X) In the case of a partial prepayment of a <br /> Bond, the Holder may{ in lieu of surrendering <br /> the Bonds for a Bond of a lesser denomination <br /> as provided in paragraph 5 hereof, make a <br /> notation of the reduction in principal amount <br /> on the panel provided on the Bond stating the <br /> amount so redeemed. <br /> (C) Termina of - Only- stem. <br /> Discontinuance of a particular Depository's <br /> services and termination of the ]gook-entry only <br /> system may be effected as follows. <br /> 1) The Depository may determine to discontinue <br /> providing its services with respect to the <br /> Bonds at any time by giving written notice to <br /> the city and discharging its responsibilities <br /> with respect thereto under applicable law. <br /> The City may terminate the services of the <br /> Depository with respect to the Bond if it <br /> determines that the Depository is no longer <br /> able to carry out its functions as securities <br /> depository or the continuation of the system <br /> of boo} -entry transfers through the <br /> Depository is not in the best interests of <br /> the City or the Beneficial owners <br /> i i} Upon termination of the services of the <br /> Depository as provided in the preceding <br /> paragraph, and if no substitute securities <br /> depository is willing to undertake the <br /> functions of the Depository hereunder can be <br /> found which, in the opinion of the City, is <br /> willing and able to assume such functions <br /> upon reasonable or customary terms, or if the <br /> City determines that it is in the best <br /> interests of the city or the Beneficial <br /> owners of the Bond that the Beneficial owners <br /> be able to obtain certificates for the Bonds, <br /> the Bonds shall no longer be registered as <br /> being registered in the bond register in the <br /> name of the Nominee, but may be registered in <br /> 1006009.1 6 <br />
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