AgdaPkt 2012-01-09 - Laserfiche WebLink

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8.A. - Page 32 payment of the redemption price, and no interest will accrue thereon on or after the redemption date specified in such notice. Tender of Bonds in Payment of Special Taxes. The City has covenanted in the Fiscal Agent Agreement not to permit the tender of Bonds in payment of any Special Taxes except upon receipt of a certificate of an Independent Consultant that to accept such tender will not result in the City having insufficient Special tax Revenues to p1y the principal or and interest on the Bonds that will remain Outstanding following such tender. Transfer or Exchange of Bonds So long as the Bonds are registered in the name of Cede & Co., as nominee of DTC, transfers and exchanges of Bonds shall be made in accordance with DTC procedures. See Appendix F-"DTC and the Book-Entry Only System.° If the book-entry only system for the Bonds is ever discontinued, any Bond may, in accordlnce with its terms, be transferred or exchanged by the person in whose name it is registered, in person or by his duly authorized attorney, upon surrender to the Fiscal Agent of such Bond for cancellation, accompanied by delivery of a duly written instrument of transfer in a form acceptable to the Fiscal Agent. Whenever any Bond or Bonds are surrendered for transfer or exchange, the City will execute and the Fiscal Agent will authenticate and deliver a new Bond or Bonds, for a like aggregate principal amount of Bonds of autllorized denominations and of the same maturity. Tl1e Fiscal Agent will collect from the Owner requestuzg such transfer any tax or other governrrtental charge required to be paid with respect to such trinsfer or exchange. No transfers or exchanges of Bonds will be required to be made (i) within 15 days prior to the date established by the Fiscal Agent as the date for selectuzg Bonds for redemption, or (ii) with respect to any Bond after such Bond has been selected for redemption. Discontinuance of DTC Services DTC may determine to discontinue providing its services with respect to the Bonds at any time by giving written notice to the Fisc11 Agent during any time that the Bonds are Outstanding, and discharging its responsibilities with respect to the Bonds under applicable law. The City may termuzate the services of DTC with respect to the Bonds if it determines that DTC is unable to discharge its responsibilities with respect to the Bonds or that continuation of the system of book-entry transfers through DTC is not in the best interest of the beneficial owners of the Bonds. The City will mail any such notice of termination to the Fiscal Agent. Upon the termination of the services of DTC as provided in the previous paragrapll, and if no substitute Depository willing to undertake the functions can be found which is willing and able to undertake such functions upon reasonable or customary terms, or if the City determines that it is in the best interest of the beneficial owners of the Bonds that they obtain certificated Bonds, the Bonds will no longer be restricted to being registered in the registration books of the Fiscal Agent in the name of Cede & Co., as nominee of DTC, but may be registered in whatever name or name the Owners designate at that time, in accordance with the Fiscal Agent Agreement. In the event the City determines that it is in the best interests of the beneficial owners of the Bonds that they be able to obtain Bonds, the City may notify the Depository System Participants of the availability of such Bond through the Depository. In such event, the Fiscal Agent will, at the expense of the City, authenticate, transfer and exchange Bonds as required by the Depository and others in appropriate amounts; and whenever the Depository so requests, the City shall cooperate with the Depository in taking appropriate action (i) to make -8-