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<br />With respect to Bonds registered in the name of Cede & Co., as nominee ofDTC, the Issuer <br />and the Paying Agent/Registrar shall have no responsibility or obligation to any DTC Participant or <br />to any person on behalf of whom such a DTC Participant holds an interest on the Bonds. Without <br />limiting the immediately preceding sentence, the Issuer and the Paying Agent/Registrar shall have <br />no responsibility or obligation with respect to (i) the accuracy of the records ofDTC, Cede & Co. <br />or any DTC Participant with respect to any ownership interest in the Bonds, (ii) the delivery to any <br />DTC Participant or any other person, other than a Bondholder, as shown on the Registration Books, <br />of any notice with respect to the Bonds, including any notice of redemption, or (iii) the payment to <br />any DTC Participant or any other person, other than a Bondholder, as shown in the Registration <br />Books of any amount with respect to principal of, premium, if any, or interest on, as the case may <br />be, the Bonds. Notwithstanding any other provision of this Ordinance to the contrary, the Issuer and <br />the Paying Agent/Registrar shall be entitled to treat and consider the person in whose name each <br />Bond is registered in the Registration Books as the absolute owner of such Bond for the purpose of <br />payment of principal, premium, if any, and interest, as the case may be, with respect to such Bond, <br />for the purpose of giving notices of redemption and other matters with respect to such Bond, for the <br />purpose of registering transfers with respect to such Bond, and for all other purposes whatsoever. <br />The Paying Agent/Registrar shall pay all principal of, premium, if any, and interest on the Bonds <br />only to or upon the order of the respective owners, as shown in the Registration Books as provided <br />in this Ordinance, or their respective attorneys duly authorized in writing, and all such payments <br />shall be valid and effective to fully satisfy and discharge the Issuer's obligations with respect to <br />payment of principal of, premium, if any, and interest on, or as the case may be, the Bonds to the <br />extent of the sum or sums so paid. No person other than an owner, as shown in the Registration <br />Books, shall receive a Bond certificate evidencing the obligation of the Issuer to make payments of <br />principal, premium, if any, and interest, as the case may be, pursuant to this Ordinance. Upon <br />delivery by DTC to the Paying Agent/Registrar of written notice to the effect that Drc has <br />determined to substitute a new nominee in place of Cede & Co., and subject to the provisions in this <br />Ordinance with respect to interest checks being mailed to the registered owner at the close of <br />business on the Record Date, the word "Cede & Co." in this Ordinance shall refer to such new <br />nominee ofDTC. <br /> <br />(i) Successor Securities Deoositorv: Transfers Outside Book-Entry Onlv Svstem. In the <br />event that the Issuer or the Paying Agent/Registrar determines that DTC is incapable of discharging <br />its responsibilities described herein and in the representation letter of the Issuer to DTC and that it <br />is in the best interest of the beneficial owners of the Bonds that they be able to obtain certificated <br />Bonds, the Issuer or the Paying Agent/Registrar shall (i) appoint a successor securities depository, <br />qualified to act as such under Section 17(a) of the Securities and Exchange Actofl934, as amended, <br />notify DTC and DTC Participants of the appointment of such successor securities depository and <br />transfer one or more separate Bonds to such successor securities depository or (ii) notify DTC and <br />DTC Participants of the availability through DTC of Bonds and transfer one or more separate Bonds <br />to DTC Participants having Bonds credited to their DTC accounts. In such event, the Bonds shall <br />no longer be restricted to being registered in the Registration Books in the name of Cede & Co., as <br />nominee of DTC, but may be registered in the name of the successor securities depository, or its <br /> <br />14 <br />