Laserfiche WebLink
7.A. - Page 103 Attachment 6 <br /> registration in the name of Cede&Co. or such other DTC nominee do not effect any change in beneficial <br /> ownership. DTC has no knowledge of the actual Beneficial Owners of the Bonds; DTCs records reflect <br /> only the identity of the Direct Participants to whose accounts such Bonds are credited,which may or may <br /> not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible for keeping <br /> account of their holdings on behalf of their customers. <br /> Conveyance of notices and other communications by DTC to Direct Participants, by Direct <br /> Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial <br /> Owners will be governed by arrangements among them, subject to any statutory or regulatory <br /> requirements as may be in effect from time to time. Beneficial Owners of the Bonds may wish to take <br /> certain steps to augment the transmission to them of notices of significant events with respect to the <br /> Bonds, such as redemptions, tenders, defaults, and proposed amendments to the Trust Agreement. For <br /> example, Beneficial Owners of the Bonds may wish to ascertain that the nominee holding the Bonds for <br /> their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative, Beneficial <br /> Owners may wish to provide their names and addresses to the registrar and request that copies of notices <br /> be provided directly to them. <br /> Redemption notices shall be sent to DTC,if less than all of the Bonds within a maturity are being <br /> redeemed. DTCs practice is to determine by lot the amount of the interest of each Direct Participant in <br /> each issue to be redeemed. <br /> Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with respect to <br /> the Bonds unless authorized by a Direct Participant in accordance with DTCs MMI Procedures.Under its <br /> usual procedures, DTC mails an Omnibus Proxy to the Issuer as soon as possible after the record date. <br /> The Omnibus Proxy assigns Cede & Co.'s consenting or voting rights to those Direct Participants to <br /> whose accounts the Bonds are credited on the record date (identified in a listing attached to the Omnibus <br /> Proxy). <br /> Payments of principal of,premium,if any,and interest on the Bonds will be made to Cede&Co., <br /> or such other nominee as may be requested by an authorized representative of DTC. DTCs practice is to <br /> credit Direct Participants' accounts upon DTCs receipt of funds and corresponding detail information <br /> from the City, the Authority or the Trustee, on payable date in accordance with their respective holdings <br /> shown on DTCs records. Payments by Participants to Beneficial Owners will be governed by standing <br /> instructions and customary practices, as is the case with securities held for the accounts of customers in <br /> bearer form or registered in "street name," and will be the responsibility of such Participant and not of <br /> DTC,the Trustee,the City or the Authority,subject to any statutory or regulatory requirements as may be <br /> in effect from time to time. Payments of principal of,premium,if any, and interest on the Bonds by Cede <br /> & Co (or such other nominee as may be requested by an authorized representative of DTC) is the <br /> responsibility of the City, the Authority or the Trustee, disbursement of such payments to Direct <br /> Participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial <br /> Owners will be the responsibility of Direct and Indirect Participants. <br /> DTC may discontinue providing its services as depository with respect to the Bonds at any time <br /> by giving reasonable notice to the City, the Authority or the Trustee. Under such circumstances, in the <br /> event that a successor depository is not obtained, Bond certificates are required to be printed and <br /> delivered. <br /> The Authority may decide to discontinue use of the system of book-entry transfers through DTC <br /> (or a successor securities depository).In that event,Bond certificates will be printed and delivered. <br /> The foregoing information concerning DTC and DTCs book-entry system has been provided by <br /> DTC,and neither the Authority nor the Trustee takes any responsibility for the accuracy thereof. <br /> NEITHER THE AUTHORITY NOR THE TRUSTEE WILL HAVE ANY RESPONSIBILITY OR <br /> OBLIGATION TO DTC PARTICIPANTS,INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS WITH <br /> RESPECT TO THE PAYMENTS OR THE PROVIDING OF NOTICE TO DTC PARTICIPANTS, <br /> INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS OR THE SELECTION OF BONDS FOR <br /> REDEMPTION. <br /> Appendix G <br /> Page 2 <br />