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representing their ownership interests in the Series 2024 Bonds, except in the event that <br />use of the book -entry system for the Series 2024 Bonds is discontinued. <br />To facilitate subsequent transfers, all Series 2024 Bonds deposited by Direct <br />Participants with DTC are registered in the name of DTC's partnership nominee, Cede & <br />Co. or such other name as may be requested by an authorized representative of DTC. The <br />deposit of the Series 2024 Bonds with DTC and their registration in the name of Cede & <br />Co. or such other DTC nominee do not effect any change in beneficial ownership. DTC <br />has no knowledge of the actual Beneficial Owners of the Series 2024 Bonds; DTC's records <br />reflect only the identity of the Direct Participants to whose accounts such Series 2024 <br />Bonds are credited, which may or may not be the Beneficial Owners. The Direct and <br />Indirect Participants will remain responsible for keeping an account of their holdings on <br />behalf of their customers. <br />Conveyance of notices and other communications by DTC to Direct Participants, <br />by Direct Participants to Indirect Participants, and by Direct Participants and Indirect <br />Participants to Beneficial Owners will be governed by arrangements made among them, <br />subject to any statutory or regulatory requirements as may be in effect from time to time. <br />Redemption notices shall be sent to DTC. If less than all of the Series 2024 Bonds are <br />being redeemed, DTC's practice is to determine by lot the amount of the interest of each <br />Direct Participant in such Series 2024 Bonds, as the case may be, to be redeemed. <br />Beneficial Owners of the Series 2024 Bonds may wish to take certain steps to augment the <br />transmission to them of notices of significant events with respect to the Series 2024 Bonds, <br />such as redemptions, defaults, and proposed amendments to the Series 2024 documents. <br />For example, Beneficial Owners of the Series 2024 Bonds may wish to ascertain that the <br />nominee holding the Series 2024 Bonds for their benefit has agreed to obtain and transmit <br />notices to Beneficial Owners. In the alternative, Beneficial Owners may wish to provide <br />their names and addresses to the Registrar and request that copies of notices be provided <br />directly to them. <br />Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote <br />with respect to the Series 2024 Bonds unless authorized by a Direct Participant in <br />accordance with DTC's MMI Procedures. Under its usual procedures, DTC mails an <br />Omnibus Proxy to the County as soon as possible after the record date. The Omnibus <br />Proxy assigns Cede & Co.'s consenting or voting rights to those Direct Participants to <br />whose accounts the Series 2024 Bonds are credited on the record date (identified in a listing <br />attached to the Omnibus Proxy). <br />Principal and interest payments on the Series 2024 Bonds will be made to Cede & <br />Co., or such other nominee as may be requested by an authorized representative of DTC. <br />DTC's practice is to credit Direct Participants' accounts, upon DTC's receipt of funds and <br />corresponding detail information from the County or the Registrar on the payable date in <br />accordance with their respective holdings shown on DTC's records. Payments by <br />Participants to Beneficial Owners will be governed by standing instructions and customary <br />N. <br />