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1998_0223_packet
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1998_0223_packet
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principal o f or premium, i f any, or interest on the Bonds, <br /> or (D) the consent given or <br /> other action taken by the <br /> Depository as the Register Holder of any Bonds (the <br /> the vote or consent �� <br /> "Holder" ) . For purposes of securing <br /> any Holder under this Resolution, the City may, however, <br /> rely upon an omnibus proxy under which the Depository <br /> � � voting �'� ht s to certain <br /> assigns its consenting or � � <br /> Participants to whose accounts the Bonds are credited on the <br /> record date identified in a listing attached to the omnibus <br /> proxy. <br /> OF <br /> (iv) The City and the Bond Registrar may treat as and <br /> deem the Depository to be the absolute owner of the Bonds <br /> for the ur ose of payment of the principal of and premium, <br /> p p <br /> if an interest nteres t on the Bonds, for the purpose of giving <br /> notices of redemption and other natters with respect to the <br /> Bonds for the purpose of obtaining any consent or other <br /> action to be taken by Holders for the purpose of registering <br /> transfers with respect to such Bonds, and for all purpose <br /> whatsoever. The Bond Registrar, as paying agent hereunder, <br /> pay a all principal of and premium, if any, and interest <br /> on the Bonds only to or upon the Holder of the Holders of <br /> the Bonds as shown on the bond register, and all such <br /> a <br /> ents shall be valid and effective to fully satisfy and <br /> p • ' s obligations with respect to the <br /> discharge the ��ty �' <br /> principal of and premium, i f any, and interest on the Bonds <br /> to the extent of the sum or sums so pa3-d. <br /> Upon delivery by the Depository to the 'Bond <br /> � � p <br /> Registrar of written notice to the <br /> Re g i effect that the <br /> Depository has determined to substitute a new Nominee 1n <br /> � Nominee, and subject to the transfer` <br /> place of the existing Homin � <br /> ions in paragraph to hereof, references to the Nominee <br /> proves F g <br /> hereunder shall refer to such new Nominee . <br /> vi So long as any Bond is registered in the name of <br /> � � g o f and <br /> a Nominee, all payments with respect to the principal <br /> i f are and interest on such Bond and all notices <br /> premium., <br /> with res ect to such Bond shall be made and given, <br /> p Registrar or City, as the case may <br /> respectively, by the Bond ; <br /> to the Depository as provided in the Letter of <br /> be, p <br /> Representations to the Depository required by the Depository <br /> as a condition to its acting as boob-entry Depository for <br /> said Letter of Representations, together with any <br /> the Bo nds � f or amendment or substitute itute thereto t <br /> replacement thereof p <br /> Including any standard p rocedures or policies referenced <br /> therein or applicable thereto respecting the procedures s and <br /> other matters relating to the Depository' s role as <br /> book-entry <br /> okDepository for the Bonds, collectively <br /> p i <br /> hereinafter f t e <br /> ' r ref erred to as the "Letter of Representations" ) m <br /> 906147.01 5 <br />
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