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201103788 Article II. Upon the appointment of a successor securities depository or termination of the book-entry system, the Trustee shall give notice of such event to the registered owners and Beneficial Owners of Refunding Bonds (through the Depository) and (1) of the name and address of the successor securities depository or (2) that Refunding Bonds may be obtained by the registered owners or Beneficial Owners of the Refunding Bonds, or their nominees, up�n proper instructions being given to the Depository by the relevant Participant and compliance by the Depository with the provisions of this Indenture regarding registration of transfers. Notwithstanding any other provision of this Section 2.11 of Article II to the contrary, so long as any Refunding Bond is registered in the name of Cede & Co., as nominee of the Depository (or any successor nominee), all payments with respect to the principal and interest on such Refunding Bond and all notices with respect to such Refunding Bond sha11 be made and given, respectively, to the Depository as provided in the Letter of Representations. ( fl In connection with any notice or other communication to be provided to Bondholders pursuant to this Indenture by the Corporation or the Trustee with respect to any consent or other action to be taken by Bondholders, the Corporation or the Trustee, as the case may be, shall establish a record date for such consent or other action and give the Depository notice of such record date not less than 15 calendar days in advance of such record date to the extent possible. (g) In the event of any partial redemption of a Refunding Bond, unless and until such partially redeemed Refunding �nd has been replaced in accordance with the provisions of this Indenture r�lating to partial redemption of Refunding Bo�ds, the books and records of the Trustee shall govern and establish the principal amount of such Refunding Bond as is then outstanding and all of the Refunding Bonds issued to the Depository or its nominee shall contain a legend to such effect. (h) As initially issued, the Refunding Bonds sha.11 be held by the Trustee under the Depository's FAST procedures. If for any reason the arrangements descnbed in this Section 2.11 of Article II for "book-entry-only bonds" shall cease to be in effect, the Trustee (at the City's expense) shall immedia.tely cause to be prepared a supply of printed bond certificates, which shall be duly executed by the Corporation, for issuance upon transfer or partial redemption and sha11 deliver such supply to the Trustce. ARTICLE III REDEMPTION OF BOIVDS BEFORE MATURITY Section 3:01. The Refunding Bonds are not subject to redemption priar to xnaturity. 17