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practices, as is the case with securities held for the accounts of customers in bearer form or <br />with securities registered in "street name," and will be the responsibility of such Participant <br />and not of DTC or the County, subject to. any statutory and regulatory requirements as may <br />be in effect from time to time. Payment of principal and interest to Cede. & Co. (or .such <br />other nominee as may be requested by an authorized representative of DTC) is the <br />responsibility of the County. Disbursement of such payments to Direct Participants will <br />be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners <br />will be the responsibility of the Direct and Indirect Participants. <br />DTC may discontinue providing its. services as securities depository with. respect.to <br />the Series 2024 Bonds at any time by giving reasonable notice to the County:Under such <br />circumstances, in the event that a successor securities depository is not obtained, Series <br />2024 Bond certificates are required to be printed and delivered. <br />The County may decide to discontinue use of the book -entry transfers through DTC <br />(or a successor securities depository). In that event and upon compliance with applicable <br />DTC procedures, Series 2024 Bond certificates will be printed and delivered. <br />Transfer of Series 2024 Bonds <br />So long as, the Series 2024 Bonds are registered in the name of DTC or its nominee, <br />the following paragraphs relating to transfer and exchange. of bengfxc f ownership <br />interests in the Series 2024 Bonds will not apply to the Series 2024 Bonds; :and the transfer <br />and registration of beneficial ownership- interests in the Series 2024 -Bonds will be. <br />governed by the rules and procedures of DTC as generally described under <br />"DESCRIPTION OF THE SERIES 2024 BONDS - Book -Entry Only System; "above. <br />Series 2024 Bonds, upon surrender thereof at the office of the Registrar with a <br />written instrument of transfer satisfactory to the Registrar, duly executed by the Holder <br />thereof or such Holder's attorney duly authorized in writing, may, at. the. option. of the <br />Holder thereof, be 'exchanged for an equal aggregate principal amount of registered Series <br />2024 Bonds of the same maturity and same series of any other authorized denominations: <br />The Series 2024 Bonds issued under the Bond Resolution shall be and have -all the <br />qualities and incidents of negotiable instruments under the law merchant and the Uniform <br />Commercial Code of the State of Florida, subject to the provisions for registration and <br />transfer contained in the Bond Resolution and in the Series 2024 Bonds. So long as any of <br />the Series 2024 Bonds shall remain outstanding, the County shall maintain and keep at the <br />office of the Registrar, books for the registration and transfer of the Series 2024•Bonds. <br />Each Series 2024 Bond shall be transferable only upon the books ofthe "County, at <br />the office of the Registrar, under such reasonable regulations as the County may prescribe, <br />by the Holder thereof in person or by such Holder's attorney :duly authorized in writing <br />upon surrender thereof together with a written instrument of transfer satisfactory to the <br />9 <br />