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200510856 Section 2.11. As initially issued the Building Bonds shall be issued as "book -entry- only bonds" using the services of the Depository Trust Company (the "Depository"), with one typewritten bond per maturity being issued to the Depository. In such connection, the Corporation and the Trustee agree to execute and deliver a Letter of Representations (the "Letter of Representations ") in the form required by the Depository (including any blanket letter previously or concurrently executed and delivered by the Corporation), which shall govern certain matters with respect to registration, transfer, payment and redemption of the Building Bonds. In connection with such "book- entry-only bonds" the following terms and conditions shall apply: (a) Building Bonds so issued shall be registered in the name of Cede & Co., as nominee for the Depository. (b) Payment of semiannual interest for any Building Bond registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer to the account of Cede & Co. on each Interest Payment Date for the Building Bonds at the address shown in the Trustee's books of registration for Cede & Co. as registered owner, in accordance with the standard procedures of the Depository as in effect from time to time. (c) The Trustee and the Corporation may treat the Depository (or its nominee) as the sole and exclusive owner of the Building Bonds registered in its name for the purposes of payment of the principal of or interest on the Building Bonds, selecting the Building Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Bondholders under this Indenture, registering the transfer of Building Bonds, obtaining any consent or other action to be taken by Bondholders and for all other purposes whatsoever, and neither the Trustee nor the Corporation shall be affected by any notice to the contrary. Neither the Trustee nor the Corporation shall have any responsibility or obligation to any participant of the Depository (a "Participant "), any person claiming a beneficial ownership interest in the Building Bonds under or through the Depository or any Participant (a `Beneficial Owner "), or any other person which is not shown on the registration books of the Trustee as being a Bondholder, with respect to the accuracy of any records maintained by the Depository or any Participant; the payment by the Depository or any Participant of any amount in respect of the principal of or interest on the Building Bonds; any notice which is pennitted or required to be given to Bondholders under this Indenture; the selection by the Depository or any Participant of any person to receive payment in the event of a partial redemption of the Building Bonds; or any consent given or other action taken by the Depository as Bondholder. The Trustee shall pay all principal of and interest on the Building Bonds only to the Depository, and all such payments shall be valid and effective to fully satisfy and discharge the Corporation's obligations with respect to the principal of and interest on the Building Bonds to the extent of the sum or sums so paid. Except under the conditions directed below, no person other than the Depository shall receive an authenticated Building Bond for each separate stated maturity evidencing the obligation of the Corporation to make payments of principal and interest pursuant to this Indenture. Upon delivery by the Depository to the Trustee of written notice to 15