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<br />(vii) All transfers of beneficial ownership interests <br />in each Bond issued in book-entry form shall be limited in <br />principal amount to Authorized Denominations and shall be <br />effected by procedures by the Depository with the Partici- <br />pants for recording and transferring the ownership of <br />beneficial interests in such Bonds. <br /> <br />(viii) In connection with any notice or other communi- <br />cation to be provided to the Holders pursuant to this <br />Resolution by the City or Bond Registrar with respect to any <br />consent or other action to be taken by Holders, the <br />Depository shall consider the date of receipt of notice <br />requesting such consent or other action as the record date <br />for such consent or other action¡ provided, that the City or <br />the Bond Registrar may establish a special record date for <br />such consent or other action. The City or the Bond Regis- <br />trar shall, to the extent possible, give the Depository <br />notice of such special record date not less than 15 calendar <br />days in advance of such special record date to the extent <br />possible. <br /> <br />(ix) Any successor Bond Registrar in its written <br />acceptance of its duties under this Resolution and any <br />paying agency/bond registrar agreement, shall agree to take <br />any actions necessary from time to time to comply with the <br />requirements of the Letter of Representations. <br /> <br />(x) In the case of a partial prepayment of a Bond, the <br />Holder may, in lieu of surrendering the Bonds for a Bond of <br />a lesser denomination as provided in paragraph 5 hereof, <br />make a notation of the reduction in principal amount on the <br />panel provided on the Bond stating the amount so redeemed. <br /> <br />(c) <br />Discontinuance <br />termination of <br />follows: <br /> <br />Termination of Book-Entry Only System. <br />of a particular Depository's services and <br />the book-entry only system may be effected as <br /> <br />(i) The Depository may determine to discontinue <br />providing its services with respect to the Bonds at any time <br />by giving written notice to the City and discharging its <br />responsibilities with respect thereto under applicable law. <br />The City may terminate the services of the Depository with <br />respect to the Bond if it determines that the Depository is <br />no longer able to carry out its functions as securities <br />depository or the continuation of the system of book-entry <br />transfers through the Depository is not in the best <br />interests of the City or the Beneficial Owners. <br /> <br />906107.01 <br /> <br />6 <br />