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<br />(v) Upon delivery by the Depository to the Bond <br />Registrar of written notice to the effect <br />that the Depository has determined to <br />substitute a new Nominee in place of the <br />existing Nominee, and subject to the transfer <br />provisions in paragraph 10 hereof, references <br />to the Nominee hereunder shall refer to such <br />new Nominee. <br /> <br />(vi) So long as any Bond is registered in the <br />name of a Nominee, all payments with respect <br />to the principal of and premium, if any, and <br />interest on such Bond and all notices with <br />respect to such Bond shall be made and given, <br />respectively, by the Bond Registrar or City, <br />as the case may be, to the Depository as <br />provided in the Letter of Representations to <br />the Depository required by the Depository as <br />a condition to its acting as book-entry <br />Depository for the Bonds (said Letter of <br />Representations, together with any <br />replacement thereof or amendment or <br />substitute thereto, including any standard <br />procedures or policies referenced therein or <br />applicable thereto respecting the procedures <br />and other matters relating to the <br />Depository's role as book-entry Depository <br />for the Bonds, collectively hereinafter <br />referred to as the "Letter of <br />Representations") . <br /> <br />(vii) All transfers of beneficial ownership <br />interests in each Bond issued in book- <br />entry form shall be limited in principal <br />amount to Authorized Denominations and <br />shall be effected by procedures by the <br />Depository with the Participants for <br />recording and transferring the ownership <br />of beneficial interests in such Bonds. <br /> <br />(viii) <br /> <br />In connection with any notice or other <br />communication to be provided to the <br />Holders pursuant to this Resolution by <br />the City or Bond Registrar with respect <br />to any consent or other action to be <br />taken by Holders, the Depository shall <br />consider the date of receipt of notice <br />requesting such consent or other action <br />as the record date for such consent or <br />other action; provided, that the City or <br />the Bond Registrar may establish a <br />special record date for such consent or <br />other action. The City or the Bond <br />Registrar shall, to the extent possible, <br /> <br />1006009.1 <br /> <br />5 <br />