201103788 - Laserfiche WebLink

Browse

201103788 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 ar concurrently executed and delivered by the Corporation), which sha11 govern certain matters with respect to registration, transfer, payment and redemption of the Refunding Bonds. In connection with such "book-entry-only bonds" the following terms and conditions sha11 apply: (a) Refunding Bonds so issued shall be registered in the name of Cede & Co., as nominee for the Depository. (b) Payment of semiannual interest for any Refunding Bond registered as of each Record Date in the name of Cede & Co. sha11 be made by wire transfer to the account of Cede & Co. on each Interest Payment Date for the Refunding 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) T'he Trustee and the Corporation ma.y treat the Depository (or its nominee) as the sole and exclusive owner of the Refunding Bonds registered in its name for the purposes of payrnent of the principal of or interest on the Refunding Bonds, selecting the Refunding 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 Refunding Bonds, obtaining any consent or other action to be taken by Bondholders and for all other purposes wha.tsoever, 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 claixning a beneficial ownership interest in the Refunding 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 ma.intained by the De�sitory or any Participant; the payment by the Depository or any Participant of any amount in respect of the principal of or interest on the Refunding Bonds; any notice which is permitted 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 Refunding 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 Refunding 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 Refunding 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 Refunding 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 De�sitory to the Trustee of written notice to the effect that the Depository has determin� to substitute a new nominee in the place of Cede & Co., and subject to the provisions in this Indenture 15