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AgdaPkt 2017-01-23 Closed and Joint
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AgdaPkt 2017-01-23 Closed and Joint
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Last modified
1/24/2017 10:22:46 AM
Creation date
1/19/2017 3:58:58 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
1/23/2017
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Appendix G <br />Page 3 <br /> <br />Neither the Authority nor the Trustee can give any assurances that DTC, DTC Participants, <br />Indirect Participants or others will distribute payments of principal of, premium, if any, and interest on <br />the Bonds paid to DTC or its nominee, as the registered Owner, or any redemption or other notice, to the <br />Beneficial Owners or that they will do so on a timely basis or that DTC will serve and act in a manner <br />described in this Official Statement. <br /> <br />In the event that the book-entry system is discontinued as described above, the requirements of <br />the Trust Agreement will apply. <br /> <br />The City, the Authority and the Trustee cannot and do not give any assurances that DTC, the <br />Participants or others will distribute payments of principal, interest or premium, if any, evidenced by the <br />Bonds paid to DTC or its nominee as the registered owner, or will distribute any redemption notices or <br />other notices, to the Beneficial Owners, or that they will do so on a timely basis or will serve and act in the <br />manner described in this Official Statement. Neither the Authority nor the Trustee are responsible or <br />liable for the failure of DTC or any Participant to make any payment or give any notice to a Beneficial <br />Owner with respect to the Bonds or an error or delay relating thereto. <br /> <br />8.C. - Page 106
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