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Agenda - Economic Development Authority - 05/24/2005
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Agenda - Economic Development Authority - 05/24/2005
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Last modified
4/14/2025 1:32:42 PM
Creation date
5/20/2005 11:16:45 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
05/24/2005
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Issuer may terminate the services of DTC with respect.to the Bonds if it determines that DTC is <br />m) lo~ger able to carry out its functions as security depository as contemplated herein. <br /> Upon the termination of the services of DTC as provided in the preceding paragraph, the <br />Issuer shall take all reasonable and diligent steps as may be necessary to find an alternate book- <br />entry depository, but if (and only if) no such substitute securities depository willing to undertake <br />the flmctions of DTC hereunder can be found which, in the opinion of the Issuer, is willing and <br />able to undertake such functions upon reasonable or customary terms, then the Bonds shall no <br />longer be restricted to being registered in the Bond Register in the name of Cede & Co., as <br />nominee of DTC, but may be registered in whatever name or names the Bondholders shall <br />designate at that time, in accordance with Section 2.04. To the extent that the Beneficial Owners <br />~e designated as the transferee by the Bondholders, in accordance with Section 2.04 the Bonds <br />will be delivered in appropriate form, content and Authorized Denomination to the Beneficial <br /> <br /> Notwithstanding any other provision of this Indenture to the contrary, so long as any <br /> Bcmd is registered in the name of Cede & Co.,-as nominee of DTC, all payments with respect to <br /> the crincipa[ of and premium, if any, and interest on such Bond and all notices with respect to <br /> sucl~ Bond shall be made and given, respectively, to DTC as provided in the Representation <br /> [Jet,er. <br /> <br />1'76391)3v1 <br /> <br /> <br />
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