Common use of Book-Entry Bonds Clause in Contracts

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection (c) of this Section, the registered Owner of all of the Book- Entry Bonds shall be Cede & Co., as nominee of DTC. Notwithstanding anything to the contrary contained in this Indenture, payment of interest with respect to any Book-Entry Bond registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the Record Date for Cede & Co. in the Registration Books or as otherwise provided in the Representation Letter. (b) The Trustee and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner of Book-Entry Bonds registered in its name for the purposes of payment of the principal, premium, if any, or interest with respect to Book-Entry Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of Book-Entry Bonds under this Indenture, registering the transfer of Book-Entry Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds and for all other purposes whatsoever, and neither the Trustee nor the Authority shall be affected by any notice to the contrary. Neither the Trustee nor the Authority shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Book-Entry Bonds under or through DTC or any Participant, or any other person which is not shown on the Registration Books as being an Owner, with respect to the accuracy of any records maintained by DTC or any Participant, the payment by DTC or any Participant of any amount in respect of the principal, premium, if any, or interest with respect to Book-Entry Bonds, any notice which is permitted or required to be given to Owners of Book-Entry Bonds under this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or any consent given or other action taken by DTC as Owner of Book-Entry Bonds. The Trustee shall pay all principal, premium, if any and interest with respect to Book-Entry Bonds, only to DTC, and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s obligations with respect to the principal, premium, if any, and interest with respect to the Book-Entry Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no person other than DTC shall receive an executed Book-Entry Bond for each separate stated maturity. Upon delivery by DTC to the Trustee of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record dates, the term “Cede & Co.” in this Indenture shall refer to such new nominee of DTC. (c) In the event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that the incumbent securities depository shall no longer so act, and delivers a written certificate to the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authority, the Trustee and the successor securities depository for the Bonds of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depository, then the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series of Bonds, or its nominee, shall designate. In such event the Authority shall execute, and deliver to the Trustee, a sufficient quantity of Bonds of such Series to carry out the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations. (d) Notwithstanding any other provision of this Indenture to the contrary, so long as any Book-Entry Bond is registered in the name of DTC, or its nominee, all payments with respect to the principal, premium, if any, and interest with respect to such Book-Entry Bond and all notices with respect to such Book-Entry Bond shall be made and given, respectively, as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds pursuant to this Indenture by the Authority, the City or the Trustee with respect to any consent or other action to be taken by Owners, the Authority, the City or the Trustee, as

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection paragraph (c) of this SectionSection 3.03, the registered Owner owner of all of the Book- Entry Bonds shall be DTC and the Bonds shall be registered in the name of Cede & Co., as nominee of for DTC. Notwithstanding anything to the contrary contained Except as provided in paragraph (d) of this IndentureSection 3.03, payment of principal, interest with respect to and premium, if any, for any Book-Entry Bond Bonds registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the Record Date for Cede & Co. in the Registration Books or as otherwise provided in the Representation Letter. (b) The Trustee Bonds shall be initially issued in the form of a separate single authenticated fully registered Bond for each separate stated maturity of the Bonds. The Trustee, the Registrar and the Authority City may treat DTC (or its nominee) as the sole and exclusive Owner owner of Book-Entry the Bonds registered in its name for the purposes of payment of the principal, premium, if anyprincipal or redemption price of, or interest with respect to Book-Entry on, the Bonds, selecting Book-Entry the Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of Book-Entry Bonds Bondholders under this IndentureTrust Agreement, registering the transfer of Book-Entry Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds Bondholders and for all other purposes whatsoever, and neither the Trustee Trustee, the Registrar nor the Authority City shall be affected by any notice to the contrary. Neither the Trustee Trustee, the Registrar nor the Authority City shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Book-Entry the Bonds under or through DTC or any Participant, Participant or any other person which is not shown on the Registration Books registration books as being an Ownera Bondholder, with respect to (i) the accuracy of any records maintained by DTC or any Participant, (ii) the payment by DTC or any Participant of any amount in respect of the principal, premium, if any, principal or redemption price of or interest with respect to Book-Entry on the Bonds, (iii) any notice which is permitted or required to be given to Owners of Book-Entry Bonds Bondholders under this IndentureTrust Agreement, (iv) the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry the Bonds, or (v) any consent given or other action taken by DTC as Owner of Book-Entry Bondsa Bondholder. The Trustee shall pay pay, from funds held under the terms of this Trust Agreement or otherwise provided by the City, all principal, premium, if any principal or redemption price of and interest with respect to Book-Entry Bonds, on the Bonds only to DTC, DTC as provided in the Representation Letter and all such payments shall be valid and effective to fully satisfy and discharge fully the AuthorityCity’s obligations with respect to the principal, premium, if any, principal or redemption price of and interest with respect to on the Book-Entry Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no No person other than DTC shall receive an executed Book-Entry Bond for each separate stated maturityauthenticated Bonds evidencing the obligation of the City, to make payments of principal or redemption price and interest pursuant to this Trust Agreement. Upon delivery by DTC to the Trustee of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record datesRecord Dates, the term name “Cede & Co.” in this Indenture Trust Agreement shall refer to such new nominee of DTC. (c) In the event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority City determines that the incumbent securities depository shall no longer so act, and delivers a written certificate to the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered it is in the name best interest of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable the Beneficial Owners that they be able to the Authorityobtain Bond certificates and notifies DTC, the Trustee and the successor securities depository for the Bonds Registrar of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depositorydetermination, then DTC will notify the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name Participants of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series availability through DTC of Bonds, or its nominee, shall designateBond certificates. In such event event, the Authority Trustee shall execute, authenticate and deliver the Registrar shall transfer and exchange Bonds certificates as requested by DTC and any other Bondholders in appropriate amounts. DTC may determine to discontinue providing its services with respect to the TrusteeBonds at any time by giving notice to the City and the Trustee and discharging its responsibilities with respect thereto under applicable law. Under such circumstances (if there is no successor securities depository), a sufficient quantity the City and the Trustee shall be obligated to deliver Bond certificates as described in this Trust Agreement. In the event Bond certificates are issued, the provisions of Bonds this Trust Agreement shall apply to, among other things, the transfer and exchange of such Series certificates and the method of payment of principal of and interest on such certificates. Whenever DTC requests the City and the Trustee to carry out do so, the transfers Trustee and exchanges provided the City will cooperate with DTC in Sections 2.04, 2.08 and 2.09 hereof. All such taking appropriate action after reasonable notice (i) to make available one or more separate certificates evidencing the Bonds to any Participant having Bonds credited to its DTC account or (ii) to arrange for another securities depository to maintain custody of such Series shall be in fully registered form in Authorized Denominationscertificates evidencing the Bonds. (d) Notwithstanding any other provision of this Indenture Trust Agreement to the contrary, so long as any Book-Entry Bond is registered in the name of Cede & Co., as nominee of DTC, or its nominee, all payments with respect to the principal, premium, if any, principal or redemption price of and interest with respect to on such Book-Entry Bond Bonds and all notices with respect to such Book-Entry Bond Bonds shall be made and given, respectively, to DTC as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds Bondholders pursuant to this Indenture Trust Agreement by the Authority, the City or the Trustee with respect to any consent or other action to be taken by Owners, the AuthorityBondholders, the City or the Trustee, asas the case may be, shall establish a record date for such consent or other action and give DTC notice of such record date not less than 15 calendar days in advance of such record date to the extent possible. Notice to DTC shall be given only when DTC is the sole Bondholder. (f) If the City purchases, or causes the Trustee to purchase, any of the Bonds, such purchase of Bonds shall be deemed to have occurred upon the purchase of beneficial ownership interests in the Bonds from a Participant. Upon receipt by DTC of notice from the City and a Participant that a purchase of beneficial ownership interests in the Bonds has been made by the City from such Participant, DTC shall surrender to the Trustee the Bonds referenced in such notice and, if the principal amount referenced in said notice is less than the principal amount of the Bonds so surrendered, the Trustee shall authenticate and deliver to DTC, in exchange for the Bonds so surrendered, a new Bond or Bonds, as the case may be, in Authorized Denominations and in a principal amount equal to the difference between (i) the principal amount of the Bonds so surrendered and (ii) the principal amount referenced in said notice. (g) Notwithstanding any provision herein to the contrary, the City and the Trustee may agree to allow DTC, or its nominee, Cede & Co., to make a notation on any Bond redeemed in part to reflect, for informational purposes only, the principal amount and date of any such redemption. (h) In the event that DTC notifies the City that it is discontinuing the book-entry system for the Bonds, the City may either appoint another entity to hold the Bonds in book-entry form or deliver Bond certificates to the beneficial owners or Participants, as directed by DTC.

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection (c) of this Section, the registered Owner of all of the Book- Entry Bonds shall be Cede & Co., as nominee of DTC. Notwithstanding anything Anything herein to the contrary contained notwithstanding, Bonds may be authorized and issued as Book Entry Bonds in this Indenture, payment accordance with the Supplemental Indenture authorizing such Bonds. For all purposes of interest with respect to any Book-the Indenture the Holder of a Book Entry Bond registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the Record Date for Cede & Co. in the Registration Books or as otherwise provided in the Representation Letter. (b) The Trustee and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner of Book-Entry Bonds registered in its name for the purposes of payment of the principal, premium, if any, or interest with respect to Book-Entry Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of Book-Entry Bonds under this Indenture, registering the transfer of Book-Entry Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds and for all other purposes whatsoever, Depository therefor and neither the Trustee Corporation nor the Authority Trustee shall be affected by have responsibility or any notice obligation to the contrarybeneficial owner of such Bond or to any direct or indirect participant in such Depository. Neither Without limiting the generality of the foregoing, neither the Corporation nor the Trustee nor the Authority shall have any responsibility or obligation to any Participant, such participant or to the beneficial owner of a Book Entry Bond with respect to (i) the accuracy of the records of the Depository or any person claiming a participant with respect to any beneficial ownership interest in Book-Entry Bonds under or through DTC or such Bond, (ii) the delivery to any Participantparticipant of the Depository, the beneficial owner of such Bond or any other person which is not shown on person, other than the Registration Books as being an OwnerDepository, of any notice with respect to such Bond, including any notice of the redemption thereof, or (iii) the payment to any participant of the Depository, the beneficial owner of such Bond or any other person, other than the Depository, of any amount with respect to the accuracy of any records maintained by DTC principal or any Participant, the payment by DTC or any Participant of any amount in respect of the principal, premium, if anyRedemption Price of, or interest on, such Bond. The Corporation and the Trustee may treat the Depository therefor as the absolute owner of a Book Entry Bond for the purpose of (x) payment of the principal or Redemption Price of and interest on such Bond, (y) giving notices of redemption and of other matters with respect to Book-Entry Bondssuch Bond, any notice which is permitted or required (z) registering transfers with respect to be given to Owners of Book-Entry Bonds under this Indenturesuch Bond, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or any consent given or and for all other action taken by DTC as Owner of Book-Entry Bondspurposes whatsoever. The Trustee shall pay all principal, premium, if any principal or Redemption Price of and interest with respect to Book-Entry Bonds, on such Bond only to DTCor upon the order of the Depository, and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s Corporation's obligations with respect to the principal, premium, if any, such principal or Redemption Price and interest with respect to the Book-Entry Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no No person other than DTC the Depository shall receive an executed Book-a Bond or other instrument evidencing the Corporation's obligation to make payments of the principal or Redemption Price thereof and interest thereon. Anything herein to the contrary notwithstanding, payment of the Redemption Price of a Book Entry Bond which is redeemed in part prior to maturity may be paid to the Depository by wire transfer without surrender of such Bond to the Trustee; provided, however, that the Trustee shall maintain records as to each such payment and of the principal amount of such Bond Outstanding, which shall be binding on the Corporation and the Holders from time to time of such Bond; provided, further, that payment of the principal or Redemption Price of and interest on a Book Entry Bond at the maturity date or earlier date on which such Bond has been called for each separate stated maturityredemption in whole shall only be made upon presentation and surrender of such Bond to the Trustee at its designated corporate trust office. Upon delivery The Corporation, in its sole discretion and without the consent of the Trustee, the beneficial owner of a Book Entry Bond or any other person, may terminate the services of the Depository with respect to a Book Entry Bond if the Corporation determines that (i) the Depository is unable to discharge its responsibilities with respect to such Bonds or (ii) a continuation of the requirement that all of the Outstanding Bonds of like Series issued in book entry form be registered in the registration books of the Corporation in the name of the Depository, is not in the best interest of the beneficial owners of such Bonds, and the Corporation shall terminate the services of the Depository upon receipt by DTC to the Corporation and the Trustee of written notice to from the effect Depository that DTC it has determined to substitute received written requests that such Depository be removed from its participants having beneficial interest, as shown in the records of the Depository, in an aggregate amount of not less than a new nominee majority in place principal amount of Cede & Co., and subject to the provisions herein then Outstanding Bonds for which the Depository is serving as Depository. Upon the termination of the services of a Depository with respect to record datesa Book Entry Bond, or upon the term “Cede & Co.” in this Indenture shall refer resignation of a Depository with respect to such new nominee of DTC. (c) In the event that: (i) DTCa Book Entry Bond, including any successor as after which no substitute securities depository for a Series willing to undertake the functions of Bondssuch Depository can be found which, determines not in the opinion of the Corporation, is able to continue to act as securities depository for undertake such Series of Bonds; or (ii) the Authority determines that the incumbent securities depository functions upon reasonable and customary terms, such Bonds shall no longer so act, and delivers a written certificate to be registered in the registration books kept by the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authority, the Trustee and the successor securities depository for the Bonds of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depository, then the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name of the incumbent securities depository or its nomineea Depository, but shall be registered in whatever the name or names of the incumbent securities depository for Bondholders transferring or exchanging such Series of Bonds, or its nominee, Bonds shall designate. In such event , in accordance with the Authority shall execute, and deliver to the Trustee, a sufficient quantity provisions of Bonds of such Series to carry out the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 Article III hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations. (d) Notwithstanding any other provision of this Indenture to the contrary, so long as any Book-Entry Bond is registered in the name of DTC, or its nominee, all payments with respect to the principal, premium, if any, and interest with respect to such Book-Entry Bond and all notices with respect to such Book-Entry Bond shall be made and given, respectively, as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds pursuant to this Indenture by the Authority, the City or the Trustee with respect to any consent or other action to be taken by Owners, the Authority, the City or the Trustee, as

Book-Entry Bonds. (ai) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection (ciii) of this Section, the registered Owner of all of the Book- Entry Bonds shall all be registered as to both principal and interest in the name of and held by Cede & and Co., as nominee of DTC. Notwithstanding anything to the contrary contained in this Indenture, payment Payment of both principal and interest with respect to for any Book-Entry Bond registered as of each Record Date the applicable record date in the name of Cede & Co. and Co., as nominee of DTC, shall be made by wire transfer the Trustee (subject to the provisions of same-Section 5.04 hereof) with same day funds to the account of Cede & Co. and Co., as nominee of DTC, on the Interest Payment Date interest or principal payment date for the Bonds, as the case may be, at the address indicated on the Record Date for Cede & Co. in registry books of the Registration Books or as otherwise provided in Authority kept by the Representation LetterTrustee. (bii) The Bonds shall be initially issued in the form of one authenticated fully registered Bond. Upon initial issuance, the ownership of such Bond shall be registered in the registry books of the Authority kept by the Trustee in the name of Cede and Co., as nominee of DTC. The Trustee, Paying Agent and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner owner of Book-Entry the Bonds registered in its name for the purposes of payment of the principal, premium, if any, principal or redemption price of or interest with respect to Book-Entry on the Bonds, selecting Book-Entry the Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of Book-Entry Bonds Bondholders under this Indenture, registering the transfer of Book-Entry the Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds Bondholders and for all other purposes whatsoever, ; and neither the Trustee Trustee, Paying Agent nor the Authority shall be affected by any notice to the contrary. Neither the Trustee Trustee, the Paying Agent nor the Authority shall have any responsibility or obligation to any ParticipantDTC participant, any person claiming a beneficial ownership interest in Book-Entry the Bonds under or through DTC or any ParticipantDTC participant, or any other person which is not shown on the Registration Books registration books of the Trustee as being an Ownera Bondholder. The Authority, the Trustee and the Paying Agent shall have no responsibility with respect to the accuracy of any records maintained by DTC DTC, Cede and Co., or any Participant, DTC participant with respect to any ownership interest in the Bonds; the payment by DTC or any Participant DTC participant to any beneficial owner of any amount in respect of the principal, premium, if any, principal or Redemption Price of or interest with respect on the Bonds; the delivery to Book-Entry Bonds, any DTC participant or any beneficial owner of any notice which is permitted or required to be given to Owners of Book-Entry Bonds Bondholders under this Indenture, the ; selection by DTC or any Participant DTC participant of any person to receive payment in the event of a partial redemption of Book-Entry the Bonds, ; or any consent given or other action taken by DTC as Owner of Book-Entry BondsBondholder. The Trustee or Paying Agent, as the case may be (subject to the provisions of Section 5.04 hereof), shall pay all principal, principal of and premium, if any any, and interest with respect to Book-Entry Bonds, on the Bonds only to or "upon the order of" (as that term is used in the Uniform Commercial Code as adopted in the State of New Jersey) Cede and Co., as nominee of DTC, and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s 's obligations with respect to the principal, principal of and premium, if any, and interest with respect to on the Book-Entry Bonds to the extent of the sum or sums so paid. Except under paid without the conditions of subsection (c) of this Section, no person other than requirement that DTC surrender the Bond so redeemed; provided that DTC shall receive an executed Book-Entry Bond for each separate stated maturitydeliver to the Trustee a written confirmation of such partial redemption and thereafter the records of the Trustee shall be conclusive as to the amount of Bonds which have been redeemed. Upon delivery by DTC to the Trustee of written notice to the effect that DTC has had determined to substitute a new nominee in place of Cede & and Co., and subject to the provisions herein with respect to record dates, the term “word "Cede & and Co.” ", in this Indenture shall refer to such new nominee of DTCsuccessor nominee. (ciii) In the event that: (i) DTC, including any successor as securities depository for a Series the Authority in its sole discretion and with the prior written consent of the Company determines to make available to the beneficial owners of the Bonds definitive Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that may notify DTC and the incumbent securities depository shall no longer so actTrustee, and delivers a written certificate to in writing, whereupon DTC will notify DTC participants, of the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series availability through DTC of definitive Bonds. If the Authority determines to replace the incumbent securities depository for In such Series of Bonds with another qualified securities depositoryevent, the Authority shall prepare or direct issue definitive Bonds as designated in writing by DTC and any other Bondholders in appropriate amounts. DTC may determine to discontinue providing its services with respect to the preparation Bonds at any time by giving notice to the Authority and the Trustee and discharging its responsibilities with respect thereto under applicable law; and the Authority, in its sole discretion, may determine to discontinue the services of a new singleDTC with respect to the Bonds upon written notice to DTC. Under such circumstances, separate fully registered Bond the Authority and Trustee shall be obligated to deliver definitive Bonds as described in this Indenture to the beneficial owners thereof. In the event definitive bonds are issued, the provisions of this Indenture shall apply to, among other things, the transfer and exchange of such Series for definitive Bonds and the aggregate outstanding method of payment of principal amount of Bonds of and interest on such Series of each maturity, registered in definitive Bonds. Whenever DTC requests the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable Authority and the Trustee to the Authoritydo so, the Trustee and the successor Authority will cooperate with DTC in taking appropriate action after reasonable written notice (a) to make available one or more separate definitive Bonds evidencing the Bonds to any DTC participant having Bonds credited to its DTC account or (b) to arrange for another securities depository for the Bonds to maintain custody of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depository, then the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series of definitive Bonds, or its nominee, shall designate. In such event the Authority shall execute, and deliver to the Trustee, a sufficient quantity of Bonds of such Series to carry out the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations. (d) Notwithstanding any other provision of this Indenture to the contrary, so long as any Book-Entry Bond is registered in the name of DTC, or its nominee, all payments with respect to the principal, premium, if any, and interest with respect to such Book-Entry Bond and all notices with respect to such Book-Entry Bond shall be made and given, respectively, as provided in the Representation Letter. (eiv) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds Bondholders pursuant to this Indenture by the Authority, the City or the Trustee with respect to any consent or other action to be taken by OwnersBondholders, the Authority, the City Authority or the Trustee, asas the case may be, the Trustee shall establish a record date for such consent or other action and give DTC notice of such record date not less than 15 calendar days in advance of such record date to the extent possible. (v) The expense of providing definitive Bonds shall be borne by the Company.

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series Each Class of Bonds shall initially be issued as Book-Entry Bonds and, and shall be issued initially as one or more certificates in such eventthe name of the Clearing Agency or its nominee. For all purposes, the Bonds Trustee shall deal with the Clearing Agency as Holder of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except The rights of Beneficial Owners of the Book-Entry Bonds shall be limited to those established by law and agreements between such Beneficial Owners and the Clearing Agency and Clearing Agency Participants. The Beneficial Owners of the Book-Entry Bonds shall not be entitled to certificated securities for the Book-Entry Bonds as to which they are the Beneficial Owners, except as provided in subsection (c) of this Sectionbelow. Requests and directions from, and votes of, the registered Owner Clearing Agency, as Holder, shall not be deemed to be inconsistent if they are made with respect to different Beneficial Owners. Without the consent of all the Depositor and the Trustee, a Book-Entry Bond may not be transferred by the Clearing Agency except to another Clearing Agency that agrees to hold the Book-Entry Bond for the account of the respective Clearing Agency Participants and Beneficial Owners. Neither the Depositor, the Master Servicer nor the Trustee will have any liability for any aspect of the records relating to or payment made on account of Beneficial Owners of the Book- Entry Bonds shall be Cede & Co.held by the Clearing Agency, as nominee of DTCor for maintaining, supervising or reviewing any records relating to such Beneficial Owners. Notwithstanding anything to the contrary contained in this Indenture, payment of interest with respect to any Book-Entry Bond registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the Record Date for Cede & Co. in the Registration Books or as otherwise provided in the Representation Letter. (b) The Trustee and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner of Book-Entry Bonds registered will be issued in its name for the purposes of payment of the principalfully registered, premium, if any, or interest with respect certificated form to Book-Entry Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Beneficial Owners of Book-Entry Bonds under this Indentureor their nominees, registering rather than to the transfer of Book-Entry BondsClearing Agency or its nominee, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds and for all other purposes whatsoever, and neither only if (a) the Depositor advises the Trustee nor in writing that the Authority shall be affected by any notice Clearing Agency is no longer willing or able to the contrary. Neither the Trustee nor the Authority shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Book-Entry Bonds under or through DTC or any Participant, or any other person which is not shown on the Registration Books discharge properly its responsibilities as being an Owner, with respect to the accuracy of any records maintained by DTC or any Participant, the payment by DTC or any Participant of any amount in respect of the principal, premium, if any, or interest with respect to Book-Entry Bonds, any notice which is permitted or required to be given to Owners of Book-Entry Bonds under this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or any consent given or other action taken by DTC as Owner of Book-Entry Bonds. The Trustee shall pay all principal, premium, if any and interest with respect to Book-Entry Bonds, only to DTC, and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s obligations with respect to the principal, premium, if any, and interest depository with respect to the Book-Entry Bonds and the Depositor is unable to locate a qualified successor within 30 days or (b) the extent of Depositor, at its option, elects to terminate the sum or sums so paid. Except under book-entry system operating through the conditions of subsection (c) of this Section, no person other than DTC shall receive an executed Book-Entry Bond for each separate stated maturityClearing Agency. Upon delivery by DTC to the Trustee occurrence of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record dates, the term “Cede & Co.” in this Indenture shall refer to such new nominee of DTC. (c) In the either event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that the incumbent securities depository shall no longer so act, and delivers a written certificate to the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered described in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authorityimmediately preceding paragraph, the Trustee and is required to notify the successor securities depository for the Bonds of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depositoryClearing Agency, then the Bonds of such Series shall no longer be restricted to being registered which in the Registration Books in the name of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series of Bonds, or its nominee, shall designate. In such event the Authority shall execute, and deliver to the Trustee, a sufficient quantity of Bonds of such Series to carry out the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations. (d) Notwithstanding any other provision of this Indenture to the contrary, so long as any Book-Entry Bond is registered in the name of DTC, or its nominee, turn will notify all payments with respect to the principal, premium, if any, and interest with respect to such Book-Entry Bond and all notices with respect to such Book-Entry Bond shall be made and given, respectively, as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Beneficial Owners of Book-Entry Bonds pursuant to this Indenture through Clearing Agency Participants, of the availability of Certificated Bonds. Upon surrender by the AuthorityClearing Agency of the certificates representing the Book-Entry Bonds and receipt of instructions for re-registration, the City or Trustee will reissue the Trustee with respect Book-Entry Bonds as Certificated Bonds to any consent or other action to be taken the Beneficial Owners identified in writing by Owners, the Authority, the City or the Trustee, asClearing Agency. Such Certificated Bonds shall not constitute Book-Entry Bonds.

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of The Bonds shall initially be issued as Book-Entry Bonds and, and shall be issued initially as one or more certificates in such eventthe name of the Clearing Agency or its nominee. For all purposes, the Bonds Trustee shall deal with the Clearing Agency as the owner of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided Bonds in subsection (c) of this Section, the registered Owner of all accordance with Section 3.08 of the Book- Original Indenture. The rights of Beneficial Owners of the Book-Entry Bonds shall be Cede & Co.limited to those established by law and agreements between such Beneficial Owners and the Clearing Agency and Clearing Agency Participants. The Beneficial Owners of the Book-Entry Bonds shall not be entitled to certificated securities for the Book-Entry Bonds as to which they are the Beneficial Owners, except as provided below. Requests and directions from, and votes of, the Clearing Agency, as nominee of DTC. Notwithstanding anything Holder, shall not be deemed to the contrary contained in this Indenture, payment of interest be inconsistent if they are made with respect to any different Beneficial Owners. Without the consent of the Issuer and the Trustee, a Book-Entry Bond registered as of each Record Date in may not be transferred by the name of Cede & Co. shall be made by wire transfer of sameClearing Agency except to another Clearing Agency that agrees to hold the Book-day funds to Entry Bond for the account of Cede & Co. the respective Clearing Agency Participants and Beneficial Owners. None of the Issuer, the Bond Administrator, any Master Servicer or the Trustee will have any liability for any aspect of the records relating to or payment made on account of Beneficial Owners of the Interest Payment Date at the address indicated on the Record Date for Cede & Co. in the Registration Books or as otherwise provided in the Representation Letter. (b) The Trustee and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner of Book-Entry Bonds registered in its name for held by the purposes of payment of the principal, premium, if anyClearing Agency, or interest with respect for maintaining, supervising or reviewing any records relating to Book-Entry Bonds, selecting such Beneficial Owners. The Book-Entry Bonds or portions thereof will be issued in fully registered, certificated form to be redeemed, giving any notice permitted or required to be given to Beneficial Owners of Book-Entry Bonds under this Indentureor their nominees, registering rather than to the transfer of Book-Entry BondsClearing Agency or its nominee, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds and for all other purposes whatsoever, and neither only if (a) the Issuer advises the Trustee nor in writing that the Authority shall be affected by any notice Clearing Agency is no longer willing or able to the contrary. Neither the Trustee nor the Authority shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Book-Entry Bonds under or through DTC or any Participant, or any other person which is not shown on the Registration Books discharge properly its responsibilities as being an Owner, with respect to the accuracy of any records maintained by DTC or any Participant, the payment by DTC or any Participant of any amount in respect of the principal, premium, if any, or interest with respect to Book-Entry Bonds, any notice which is permitted or required to be given to Owners of Book-Entry Bonds under this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or any consent given or other action taken by DTC as Owner of Book-Entry Bonds. The Trustee shall pay all principal, premium, if any and interest with respect to Book-Entry Bonds, only to DTC, and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s obligations with respect to the principal, premium, if any, and interest depository with respect to the Book-Entry Bonds and the Issuer is unable to locate a qualified successor within 30 days or (b) the extent of Issuer, at its option, elects to terminate the sum or sums so paid. Except under book-entry system operating through the conditions of subsection (c) of this Section, no person other than DTC shall receive an executed Book-Entry Bond for each separate stated maturityClearing Agency. Upon delivery by DTC to the Trustee occurrence of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record dates, the term “Cede & Co.” in this Indenture shall refer to such new nominee of DTC. (c) In the either event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that the incumbent securities depository shall no longer so act, and delivers a written certificate to the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered described in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authorityimmediately preceding paragraph, the Trustee and is required to notify the successor securities depository for the Bonds of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depositoryClearing Agency, then the Bonds of such Series shall no longer be restricted to being registered which in the Registration Books in the name of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series of Bonds, or its nominee, shall designate. In such event the Authority shall execute, and deliver to the Trustee, a sufficient quantity of Bonds of such Series to carry out the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations. (d) Notwithstanding any other provision of this Indenture to the contrary, so long as any Book-Entry Bond is registered in the name of DTC, or its nominee, turn will notify all payments with respect to the principal, premium, if any, and interest with respect to such Book-Entry Bond and all notices with respect to such Book-Entry Bond shall be made and given, respectively, as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Beneficial Owners of Book-Entry Bonds pursuant to this Indenture through Clearing Agency Participants, of the availability of Certificated Bonds. Upon surrender by the AuthorityClearing Agency of the certificates representing the Book-Entry Bonds and receipt of instructions for re-registration, the City or Trustee will reissue the Trustee with respect Book-Entry Bonds as Certificated Bonds to any consent or other action to be taken the Beneficial Owners identified in writing by Owners, the Authority, the City or the Trustee, asClearing Agency. Such Certificated Bonds shall not constitute Book-Entry Bonds.

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection subparagraph (c) of this SectionSection 2.12, the registered Owner of all of the Book- Entry Bonds shall be DTC and the Bonds shall be designated as Book-Entry Bonds and shall be registered in the name of Cede & Co., as nominee of for DTC. Notwithstanding anything to the contrary contained in this Indenture, payment of interest with respect to any Book-Entry Bond registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-day funds to the account of Cede & Co. on the Interest Payment Date payment date for the Book-Entry Bonds at the address indicated on the Record Date record date or special record date for Cede & Co. in the Registration Books or as otherwise provided in the Representation Letter. (b) The Book-Entry Bonds shall be initially issued in the form of separate single fully registered Book-Entry Bonds in the amount of each separate stated maturity of the Book-Entry Bonds. Upon initial issuance, the ownership of such Book-Entry Bonds shall be registered in the Registration Books in the name of Cede & Co., as nominee of DTC. The Trustee and the Authority County may treat DTC (or its nominee) as the sole and exclusive Owner of the Book-Entry Bonds registered in its name for the purposes of payment of the principal, premium, if any, Redemption Price or interest with respect to Book-Entry Bonds, selecting the Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of Book-Entry Bonds under this Indenture, registering the transfer of Book-Entry Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds and for all other purposes whatsoever, and neither the Trustee nor the Authority County shall be affected by any notice to the contrary. Neither the Trustee nor the Authority County shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in the Book-Entry Bonds under or through DTC or any Participant, or any other person which is not shown on the Registration Books as being an Owner, with respect to the accuracy of any records maintained by DTC or any Participant, ; the payment by DTC or any Participant of any amount in respect of the principal, premium, if any, Redemption Price or interest with respect to the Book-Entry Bonds, ; any notice of which is permitted or required to be given to Owners of Book-Entry Bonds under this Indenture, ; the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of the Book-Entry Bonds, ; or any consent given or other action taken by DTC as Owner of Book-Entry Bonds. The Trustee shall pay all principal, premium, if any any, and interest with respect to the Book-Entry Bonds, only to DTC, and all such payments shall be valid and effective to fully satisfy and discharge the AuthorityCounty’s obligations with respect to the principal, premium, if any, and interest with respect to the Book-Book- Entry Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Sectionbelow, no person other than DTC shall receive an executed Book-Entry Bond for each separate stated maturity. Upon delivery by DTC to the Trustee of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record dates, the term “Cede & Co.” in this Indenture shall refer to such new nominee of DTC. (c) In the event that: (i) DTC, including any successor as securities depository for a Series of the Book-Entry Bonds, determines not to continue to act as securities depository for such Series of the Book-Entry Bonds; , or (ii) the Authority County determines that the incumbent securities depository shall no longer so act, and delivers a written certificate to the Trustee to that effect, then the Authority County will discontinue the book- book-entry system with the incumbent securities depository for such Series of the Book-Entry Bonds. If the Authority County determines to replace the incumbent securities depository for such Series of the Book- Entry Bonds with another qualified securities depository, the Authority County shall prepare or direct the preparation of a new single, separate fully registered Book Entry Bond of such Series for the aggregate outstanding principal amount of Book-Entry Bonds of such Series of each maturity, registered in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement arrangements acceptable to the AuthorityCounty, the Trustee and the successor securities depository for the Book-Entry Bonds of such Series as are not inconsistent with the terms of this Indenture. If the Authority County fails to identify another qualified successor securities depository for such Series of the Book-Entry Bonds to replace the incumbent securities depository, then the Book-Entry Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series of the Book-Entry Bonds, or its nominee, shall designate. In such event the Authority Trustee shall execute, authenticate and deliver to the Trustee, a sufficient quantity of Book-Entry Bonds of such Series as to carry out the transfers and exchanges otherwise provided in Sections 2.04, 2.08 and 2.09 hereofherein. All such Book-Entry Bonds of such Series shall be in fully registered form in Authorized Denominationsdenominations authorized by this Indenture. (d) Notwithstanding any other provision of this Indenture to the contrary, so long as any Book-Entry Bond is registered in the name of DTC, or its nominee, all payments with respect to the principal, premium, if any, and interest with respect to such Book-Entry Bond and all notices with respect to such Book-Entry Bond shall be made and given, respectively, as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds pursuant to this Indenture by the Authority, the City County or the Trustee with respect to any consent or other action to be taken by Owners, the Authority, the City County or the Trustee, asas the case may be, shall establish a record date for such consent or other action and give DTC notice of such record date not less than 15 calendar days in advance of such record date to the extent possible.

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection paragraph (c) of this Section, the registered Owner of all of the Book- Entry Series 2022-A Bonds shall be DTC and the Series 2022-A Bonds shall be registered in the name of Cede & Co., as nominee of for DTC. Notwithstanding anything to the contrary contained in this Indenture, payment Payment of principal and redemption price of and interest with respect to on any BookSeries 2022-Entry A Bond registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-New York Clearing House or equivalent next day funds or by wire transfer of same day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the regular Record Date or special record date for Cede & Co. in the Registration Books or as otherwise provided in registration books of the Representation LetterRegistrar. (b) The Trustee Series 2022-A Bonds shall be initially issued in the form of separate single authenticated fully registered bond certificates for each separate stated maturity of the Series 2022-A Bonds. Upon initial issuance, the ownership of such Series 2022-A Bonds shall be registered in the registration books of the Registrar in the name of Cede & Co., as nominee of DTC. The Trustee, the Registrar and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner owner of Bookthe Series 2022-Entry A Bonds registered in its name for the purposes of payment of the principal, premium, if any, principal and redemption price of or interest with respect to Bookon the Series 2022-Entry A Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of BookBondholders under the Agreement or this Thirty-Entry Bonds under this IndentureThird Supplemental Agreement, registering the transfer of BookSeries 2022-Entry A Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds Bondholders and for all other purposes whatsoever, and neither none of the Trustee nor Trustee, the Registrar or the Authority shall be affected by any notice to the contrary. Neither None of the Trustee nor Trustee, the Registrar or the Authority shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Bookthe Series 2022-Entry A Bonds under or through DTC or any Participant, or any other person which is not shown on the Registration Books registration books as being an Ownera Bondholder, with respect to the accuracy of any records maintained by DTC or any Participant, ; the payment by DTC or any Participant of any amount in respect of the principal, premium, if any, principal and redemption price of or interest with respect to Bookon the Series 2022-Entry A Bonds, ; any notice which is permitted or required to be given to Owners of BookBondholders under the Agreement or this Thirty-Entry Bonds under this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or Third Supplemental Agreement; any consent given or other action taken by DTC as Owner of Book-Entry BondsBondholder; or any other purpose. The Trustee shall pay all principal, premium, if any principal and redemption price of and interest with respect to Bookon the Series 2022-Entry Bonds, A Bonds only to DTCor “upon the order of” DTC (as that term is used in the Uniform Commercial Code as adopted in the State of California), and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s obligations with respect to the principal, premium, if any, principal and redemption price of and interest with respect to on the BookSeries 2022-Entry A Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no No person other than DTC shall receive an executed Bookauthenticated Series 2022-Entry A Bond for each separate stated maturityevidencing the obligation of the Authority to make payments of principal and redemption price and interest pursuant to the Agreement. Upon delivery by DTC to the Trustee of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record datesRecord Dates, the term name “Cede & Co.” in this Indenture Thirty-Third Supplemental Agreement shall refer to such new nominee of DTC. (c) In the event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that it is in the incumbent securities depository shall no longer so actbest interest of the Beneficial Owners that they be able to obtain bond certificates, and delivers a written certificate to the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authoritynotifies DTC, the Trustee and the successor securities depository for the Bonds Registrar of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depositorydetermination, then DTC will notify the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name Participants of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series availability through DTC of Bonds, or its nominee, shall designatebond certificates. In such event event, the Trustee shall authenticate and the Registrar shall transfer and exchange bond certificates as requested by DTC and any other Bondholders in appropriate amounts. DTC may determine to discontinue providing its services with respect to the Series 2022-A Bonds at any time by giving notice to the Authority and the Trustee and discharging its responsibilities with respect thereto under applicable law. Under such circumstances (if there is no successor securities depository), the Authority and the Trustee shall executebe obligated to deliver bond certificates as described in this Thirty-Third Supplemental Agreement. In the event bond certificates are issued, the provisions of the Agreement and deliver to this Thirty-Third Supplemental Agreement shall apply to, among other things, the Trustee, a sufficient quantity of Bonds transfer and exchange of such certificates and the method of payment of principal and redemption price of and interest on such certificates. Whenever DTC requests the Authority and the Trustee to do so, the Trustee and the Authority will cooperate with DTC in taking appropriate action after reasonable notice (i) to make available one or more separate certificates evidencing the Series 2022-A Bonds to carry out any Participant having Series 2022-A Bonds credited to its DTC account or (ii) to arrange for another securities depository to maintain custody of certificates evidencing the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations2022-A Bonds. (d) Notwithstanding any other provision of the Agreement and this Indenture Thirty- Third Supplemental Agreement to the contrary, so long as any BookSeries 2022-Entry A Bond is registered in the name of Cede & Co., as nominee of DTC, or its nominee, all payments with respect to the principal, premium, if any, principal and redemption price of and interest with respect to on such BookSeries 2022-Entry A Bond and all notices with respect to such BookSeries 2022-Entry A Bond shall be made and given, respectively, to DTC as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds Bondholders pursuant to the Agreement and this Indenture Thirty-Third Supplemental Agreement by the Authority, the City Authority or the Trustee with respect to any consent or other action to be taken by OwnersBondholders, the Authority, the City Authority or the Trustee, asas the case may be, shall establish a record date for such consent or other action and give DTC notice of such record date not less than fifteen (15) calendar days in advance of such record date to the extent possible. Notice to DTC shall be given only when DTC is the sole Bondholder. NEITHER THE AUTHORITY NOR THE TRUSTEE WILL HAVE ANY RESPONSIBILITY OR OBLIGATION TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS WITH RESPECT TO: THE PAYMENT BY DTC, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT OF THE PRINCIPAL AND REDEMPTION PRICE OF OR INTEREST ON THE SERIES 2022-A BONDS; THE PROVIDING OF NOTICE TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS; THE ACCURACY OF ANY RECORDS MAINTAINED BY DTC, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT; OR ANY CONSENT GIVEN OR OTHER ACTION TAKEN BY DTC AS OWNER OF THE SERIES 2022-A BONDS.

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection paragraph (c) of this Section, the registered Owner of all of the Book- Entry Series 2019 Bonds shall be DTC and the Series 2019 Bonds shall be registered in the name of Cede & Co., as nominee of for DTC. Notwithstanding anything to the contrary contained in this Indenture, payment Payment of principal and redemption price of and interest with respect to on any Book-Entry Series 2019 Bond registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-New York Clearing House or equivalent next day funds or by wire transfer of same day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the regular Record Date or special record date for Cede & Co. in the Registration Books or as otherwise provided in registration books of the Representation LetterRegistrar. (b) The Trustee Series 2019 Bonds shall be initially issued in the form of separate single authenticated fully registered bond certificates for each separate stated maturity of each Series of the Series 2019 Bonds. Upon initial issuance, the ownership of such Series 2019 Bonds shall be registered in the registration books of the Registrar in the name of Cede & Co., as nominee of DTC. The Trustee, the Registrar and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner owner of Book-Entry the Series 2019 Bonds registered in its name for the purposes of payment of the principal, premium, if any, principal and redemption price of or interest with respect to Book-Entry on the Series 2019 Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of BookBondholders under the Agreement or this Twenty-Entry Bonds under this IndentureNinth Supplemental Agreement, registering the transfer of Book-Entry Series 2019 Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds Bondholders and for all other purposes whatsoever, and neither none of the Trustee nor Trustee, the Registrar or the Authority shall be affected by any notice to the contrary. Neither None of the Trustee nor Trustee, the Registrar or the Authority shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Book-Entry the Series 2019 Bonds under or through DTC or any Participant, or any other person which is not shown on the Registration Books registration books as being an Ownera Bondholder, with respect to the accuracy of any records maintained by DTC or any Participant, ; the payment by DTC or any Participant of any amount in respect of the principal, premium, if any, principal and redemption price of or interest with respect to Book-Entry on the Series 2019 Bonds, ; any notice which is permitted or required to be given to Owners of BookBondholders under the Agreement or this Twenty-Entry Bonds under this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or Ninth Supplemental Agreement; any consent given or other action taken by DTC as Owner of Book-Entry BondsBondholder; or any other purpose. The Trustee shall pay all principal, premium, if any principal and redemption price of and interest with respect to Book-Entry Bonds, on the Series 2019 Bonds only to DTCor “upon the order of” DTC (as that term is used in the Uniform Commercial Code as adopted in the State of California), and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s obligations with respect to the principal, premium, if any, principal and redemption price of and interest with respect to on the Book-Entry Series 2019 Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no No person other than DTC shall receive an executed Book-Entry authenticated Series 2019 Bond for each separate stated maturityevidencing the obligation of the Authority to make payments of principal and redemption price and interest pursuant to the Agreement. Upon delivery by DTC to the Trustee of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record datesRecord Dates, the term name “Cede & Co.” in this Indenture Twenty- Ninth Supplemental Agreement shall refer to such new nominee of DTC. (c) In the event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that it is in the incumbent securities depository shall no longer so actbest interest of the Beneficial Owners that they be able to obtain bond certificates, and delivers a written certificate to the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authoritynotifies DTC, the Trustee and the successor securities depository for the Bonds Registrar of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depositorydetermination, then DTC will notify the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name Participants of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series availability through DTC of Bonds, or its nominee, shall designatebond certificates. In such event event, the Trustee shall authenticate and the Registrar shall transfer and exchange bond certificates as requested by DTC and any other Bondholders in appropriate amounts. DTC may determine to discontinue providing its services with respect to the Series 2019 Bonds at any time by giving notice to the Authority and the Trustee and discharging its responsibilities with respect thereto under applicable law. Under such circumstances (if there is no successor securities depository), the Authority and the Trustee shall executebe obligated to deliver bond certificates as described in this Twenty-Ninth Supplemental Agreement. In the event bond certificates are issued, the provisions of the Agreement and deliver to this Twenty-Ninth Supplemental Agreement shall apply to, among other things, the Trustee, a sufficient quantity of Bonds transfer and exchange of such certificates and the method of payment of principal and redemption price of and interest on such certificates. Whenever DTC requests the Authority and the Trustee to do so, the Trustee and the Authority will cooperate with DTC in taking appropriate action after reasonable notice (i) to make available one or more separate certificates evidencing the Series 2019 Bonds to carry out any Participant having Series 2019 Bonds credited to its DTC account or (ii) to arrange for another securities depository to maintain custody of certificates evidencing the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations2019 Bonds. (d) Notwithstanding any other provision of the Agreement and this Indenture Twenty-Ninth Supplemental Agreement to the contrary, so long as any Book-Entry Series 2019 Bond is registered in the name of Cede & Co., as nominee of DTC, or its nominee, all payments with respect to the principal, premium, if any, principal and redemption price of and interest with respect to on such Book-Entry Series 2019 Bond and all notices with respect to such Book-Entry Series 2019 Bond shall be made and given, respectively, to DTC as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds Bondholders pursuant to the Agreement and this Indenture Twenty-Ninth Supplemental Agreement by the Authority, the City Authority or the Trustee with respect to any consent or other action to be taken by OwnersBondholders, the Authority, the City Authority or the Trustee, asas the case may be, shall establish a record date for such consent or other action and give DTC notice of such record date not less than 15 calendar days in advance of such record date to the extent possible. Notice to DTC shall be given only when DTC is the sole Bondholder. NEITHER THE AUTHORITY NOR THE TRUSTEE WILL HAVE ANY RESPONSIBILITY OR OBLIGATION TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS WITH RESPECT TO: THE PAYMENT BY DTC, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT OF THE PRINCIPAL AND REDEMPTION PRICE OF OR INTEREST ON THE SERIES 2019 BONDS; THE PROVIDING OF NOTICE TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS; THE ACCURACY OF ANY RECORDS MAINTAINED BY DTC, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT; OR ANY CONSENT GIVEN OR OTHER ACTION TAKEN BY DTC AS OWNER OF THE SERIES 2019 BONDS.

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection paragraph (c) of this Section, the registered Owner of all of the Book- Entry Series 2021-A Bonds shall be DTC and the Series 2021-A Bonds shall be registered in the name of Cede & Co., as nominee of for DTC. Notwithstanding anything to the contrary contained in this Indenture, payment Payment of principal and redemption price of and interest with respect to on any BookSeries 2021-Entry A Bond registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-New York Clearing House or equivalent next day funds or by wire transfer of same day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the regular Record Date or special record date for Cede & Co. in the Registration Books or as otherwise provided in registration books of the Representation LetterRegistrar. (b) The Trustee Series 2021-A Bonds shall be initially issued in the form of separate single authenticated fully registered bond certificates for each separate stated maturity of the Series 2021-A Bonds. Upon initial issuance, the ownership of such Series 2021-A Bonds shall be registered in the registration books of the Registrar in the name of Cede & Co., as nominee of DTC. The Trustee, the Registrar and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner owner of Bookthe Series 2021-Entry A Bonds registered in its name for the purposes of payment of the principal, premium, if any, principal and redemption price of or interest with respect to Bookon the Series 2021-Entry A Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of BookBondholders under the Agreement or this Thirty-Entry Bonds under this IndentureSecond Supplemental Agreement, registering the transfer of BookSeries 2021-Entry A Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds Bondholders and for all other purposes whatsoever, and neither none of the Trustee nor Trustee, the Registrar or the Authority shall be affected by any notice to the contrary. Neither None of the Trustee nor Trustee, the Registrar or the Authority shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Bookthe Series 2021-Entry A Bonds under or through DTC or any Participant, or any other person which is not shown on the Registration Books registration books as being an Ownera Bondholder, with respect to the accuracy of any records maintained by DTC or any Participant, ; the payment by DTC or any Participant of any amount in respect of the principal, premium, if any, principal and redemption price of or interest with respect to Book-Entry on the Series 2021- A Bonds, ; any notice which is permitted or required to be given to Owners of BookBondholders under the Agreement or this Thirty-Entry Bonds under this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or Second Supplemental Agreement; any consent given or other action taken by DTC as Owner of Book-Entry BondsBondholder; or any other purpose. The Trustee shall pay all principal, premium, if any principal and redemption price of and interest with respect to Bookon the Series 2021-Entry Bonds, A Bonds only to DTCor “upon the order of” DTC (as that term is used in the Uniform Commercial Code as adopted in the State of California), and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s obligations with respect to the principal, premium, if any, principal and redemption price of and interest with respect to on the BookSeries 2021-Entry A Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no No person other than DTC shall receive an executed Bookauthenticated Series 2021-Entry A Bond for each separate stated maturityevidencing the obligation of the Authority to make payments of principal and redemption price and interest pursuant to the Agreement. Upon delivery by DTC to the Trustee of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record datesRecord Dates, the term name “Cede & Co.” in this Indenture Thirty-Second Supplemental Agreement shall refer to such new nominee of DTC. (c) In the event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that it is in the incumbent securities depository shall no longer so actbest interest of the Beneficial Owners that they be able to obtain bond certificates, and delivers a written certificate to the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authoritynotifies DTC, the Trustee and the successor securities depository for the Bonds Registrar of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depositorydetermination, then DTC will notify the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name Participants of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series availability through DTC of Bonds, or its nominee, shall designatebond certificates. In such event event, the Trustee shall authenticate and the Registrar shall transfer and exchange bond certificates as requested by DTC and any other Bondholders in appropriate amounts. DTC may determine to discontinue providing its services with respect to the Series 2021-A Bonds at any time by giving notice to the Authority and the Trustee and discharging its responsibilities with respect thereto under applicable law. Under such circumstances (if there is no successor securities depository), the Authority and the Trustee shall executebe obligated to deliver bond certificates as described in this Thirty-Second Supplemental Agreement. In the event bond certificates are issued, the provisions of the Agreement and deliver to this Thirty-Second Supplemental Agreement shall apply to, among other things, the Trustee, a sufficient quantity of Bonds transfer and exchange of such certificates and the method of payment of principal and redemption price of and interest on such certificates. Whenever DTC requests the Authority and the Trustee to do so, the Trustee and the Authority will cooperate with DTC in taking appropriate action after reasonable notice (i) to make available one or more separate certificates evidencing the Series 2021-A Bonds to carry out any Participant having Series 2021-A Bonds credited to its DTC account or (ii) to arrange for another securities depository to maintain custody of certificates evidencing the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations2021-A Bonds. (d) Notwithstanding any other provision of the Agreement and this Indenture Thirty- Second Supplemental Agreement to the contrary, so long as any BookSeries 2021-Entry A Bond is registered in the name of Cede & Co., as nominee of DTC, or its nominee, all payments with respect to the principal, premium, if any, principal and redemption price of and interest with respect to on such BookSeries 2021-Entry A Bond and all notices with respect to such BookSeries 2021-Entry A Bond shall be made and given, respectively, to DTC as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds Bondholders pursuant to the Agreement and this Indenture Thirty-Second Supplemental Agreement by the Authority, the City Authority or the Trustee with respect to any consent or other action to be taken by OwnersBondholders, the Authority, the City Authority or the Trustee, asas the case may be, shall establish a record date for such consent or other action and give DTC notice of such record date not less than fifteen (15) calendar days in advance of such record date to the extent possible. Notice to DTC shall be given only when DTC is the sole Bondholder. NEITHER THE AUTHORITY NOR THE TRUSTEE WILL HAVE ANY RESPONSIBILITY OR OBLIGATION TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS WITH RESPECT TO: THE PAYMENT BY DTC, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT OF THE PRINCIPAL AND REDEMPTION PRICE OF OR INTEREST ON THE SERIES 2021-A BONDS; THE PROVIDING OF NOTICE TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS; THE ACCURACY OF ANY RECORDS MAINTAINED BY DTC, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT; OR ANY CONSENT GIVEN OR OTHER ACTION TAKEN BY DTC AS OWNER OF THE SERIES 2021-A BONDS.

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection paragraph (c) of this Section, the registered Owner of all of the Book- Entry Series 2020-A Bonds shall be DTC and the Series 2020-A Bonds shall be registered in the name of Cede & Co., as nominee of for DTC. Notwithstanding anything to the contrary contained in this Indenture, payment Payment of principal of and interest with respect to on any BookSeries 2020-Entry A Bond registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-New York Clearing House or equivalent next day funds or by wire transfer of same day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the regular Record Date or special record date for Cede & Co. in the Registration Books or as otherwise provided in registration books of the Representation LetterRegistrar. (b) The Trustee Series 2020-A Bonds shall be initially issued in the form of separate single authenticated fully registered bond certificates for each separate stated maturity of the Series 2020-A Bonds. Upon initial issuance, the ownership of such Series 2020-A Bonds shall be registered in the registration books of the Registrar in the name of Cede & Co., as nominee of DTC. The Trustee, the Registrar and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner owner of Bookthe Series 2020-Entry A Bonds registered in its name for the purposes of payment of the principal, premium, if any, principal of or interest with respect to Book-Entry on the Series 2020- A Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of BookBondholders under the Agreement or this Thirty-Entry Bonds under this IndentureFirst Supplemental Agreement, registering the transfer of BookSeries 2020-Entry A Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds Bondholders and for all other purposes whatsoever, and neither none of the Trustee nor Trustee, the Registrar or the Authority shall be affected by any notice to the contrary. Neither None of the Trustee nor Trustee, the Registrar or the Authority shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Bookthe Series 2020-Entry A Bonds under or through DTC or any Participant, or any other person which is not shown on the Registration Books registration books as being an Ownera Bondholder, with respect to the accuracy of any records maintained by DTC or any Participant, ; the payment by DTC or any Participant of any amount in respect of the principal, premium, if any, principal of or interest with respect to Bookon the Series 2020-Entry A Bonds, ; any notice which is permitted or required to be given to Owners of BookBondholders under the Agreement or this Thirty-Entry Bonds under this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or First Supplemental Agreement; any consent given or other action taken by DTC as Owner of Book-Entry BondsBondholder; or any other purpose. The Trustee shall pay all principal, premium, if any principal of and interest with respect to Bookon the Series 2020-Entry Bonds, A Bonds only to DTCor “upon the order of” DTC (as that term is used in the Uniform Commercial Code as adopted in the State of California), and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s obligations with respect to the principal, premium, if any, principal of and interest with respect to on the BookSeries 2020-Entry A Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no No person other than DTC shall receive an executed Bookauthenticated Series 2020-Entry A Bond for each separate stated maturityevidencing the obligation of the Authority to make payments of principal and interest pursuant to the Agreement. Upon delivery by DTC to the Trustee of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record datesRecord Dates, the term name “Cede & Co.” in this Indenture Thirty-First Supplemental Agreement shall refer to such new nominee of DTC. (c) In the event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that it is in the incumbent securities depository shall no longer so actbest interest of the Beneficial Owners that they be able to obtain bond certificates, and delivers a written certificate to the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authoritynotifies DTC, the Trustee and the successor securities depository for the Bonds Registrar of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depositorydetermination, then DTC will notify the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name Participants of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series availability through DTC of Bonds, or its nominee, shall designatebond certificates. In such event event, the Authority Trustee shall execute, authenticate and deliver to the Trustee, a sufficient quantity of Bonds of such Series to carry out the transfers Registrar shall transfer and exchanges provided in Sections 2.04, 2.08 exchange bond certificates as requested by DTC and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations. (d) Notwithstanding any other provision of this Indenture Bondholders in appropriate amounts. DTC may determine to the contrary, so long as any Book-Entry Bond is registered in the name of DTC, or discontinue providing its nominee, all payments services with respect to the principalSeries 2020-A Bonds at any time by giving notice to the Authority and the Trustee and discharging its responsibilities with respect thereto under applicable law. Under such circumstances (if there is no successor securities depository), premiumthe Authority and the Trustee shall be obligated to deliver bond certificates as described in this Thirty-First Supplemental Agreement. In the event bond certificates are issued, if anythe provisions of the Agreement and this Thirty-First Supplemental Agreement shall apply to, among other things, the transfer and exchange of such certificates and the method of payment of principal of and interest with respect on such certificates. Whenever DTC requests the Authority and the Trustee to such Book-Entry Bond and all notices with respect to such Book-Entry Bond shall be made and given, respectively, as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds pursuant to this Indenture by the Authoritydo so, the City Trustee and the Authority will cooperate with DTC in taking appropriate action after reasonable notice (i) to make available one or more separate certificates evidencing the Trustee with respect Series 2020- A Bonds to any consent or other action Participant having Series 2020-A Bonds credited to be taken by Owners, the Authority, the City or the Trustee, asits DTC account or

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection (c) of this Section, the registered Owner of all of the Book- Entry Bonds shall be Cede & Co., as nominee of DTC. Notwithstanding anything Anything herein to the contrary contained notwithstanding, Bonds may be authorized and issued as Book Entry Bonds in this Indenture, payment accordance with the Supplemental Indenture authorizing such Bonds. For all purposes of interest with respect to any Book-the Indenture the Holder of a Book Entry Bond registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the Record Date for Cede & Co. in the Registration Books or as otherwise provided in the Representation Letter. (b) The Trustee and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner of Book-Entry Bonds registered in its name for the purposes of payment of the principal, premium, if any, or interest with respect to Book-Entry Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of Book-Entry Bonds under this Indenture, registering the transfer of Book-Entry Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds and for all other purposes whatsoever, Depository therefor and neither the Trustee Corporation nor the Authority Trustee shall be affected by have responsibility or any notice obligation to the contrarybeneficial owner of such Bond or to any direct or indirect participant in such Depository. Neither Without limiting the generality of the foregoing, neither the Corporation nor the Trustee nor the Authority shall have any responsibility or obligation to any Participant, such participant or to the beneficial owner of a Book Entry Bond with respect to (i) the accuracy of the records of the Depository or any person claiming a participant with respect to any beneficial ownership interest in Book-Entry Bonds under or through DTC or such Bond, (ii) the delivery to any Participantparticipant of the Depository, the beneficial owner of such Bond or any other person which is not shown on person, other than the Registration Books as being an OwnerDepository, of any notice with respect to such Bond, including any notice of the redemption thereof, or (iii) the payment to any participant of the Depository, the beneficial owner of such Bond or any other person, other than the Depository, of any amount with respect to the accuracy of any records maintained by DTC principal or any Participant, the payment by DTC or any Participant of any amount in respect of the principal, premium, if anyRedemption Price of, or interest on, such Bond. The Corporation and the Trustee may treat the Depository therefor as the absolute owner of a Book Entry Bond for the purpose of (x) payment of the principal or Redemption Price of and interest on such Bond, (y) giving notices of redemption and of other matters with respect to Book-Entry Bondssuch Bond, any notice which is permitted or required (z) registering transfers with respect to be given to Owners of Book-Entry Bonds under this Indenturesuch Bond, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or any consent given or and for all other action taken by DTC as Owner of Book-Entry Bondspurposes whatsoever. The Trustee shall pay all principal, premium, if any principal or Redemption Price of and interest with respect to Book-Entry Bonds, on such Bond only to DTCor upon the order of the Depository, and all such payments shall be valid and effective to fully satisfy and discharge the AuthorityCorporation’s obligations with respect to the principal, premium, if any, such principal or Redemption Price and interest with respect to the Book-Entry Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no No person other than DTC the Depository shall receive an executed Book-a Bond or other instrument evidencing the Corporation’s obligation to make payments of the principal or Redemption Price thereof and interest thereon. Anything herein to the contrary notwithstanding, payment of the Redemption Price of a Book Entry Bond which is redeemed in part prior to maturity may be paid to the Depository by wire transfer without surrender of such Bond to the Trustee; provided, however, that the Trustee shall maintain records as to each such payment and of the principal amount of such Bond Outstanding, which shall be binding on the Corporation and the Holders from time to time of such Bond; provided, further, that payment of the principal or Redemption Price of and interest on a Book Entry Bond at the maturity date or earlier date on which such Bond has been called for each separate stated maturityredemption in whole shall only be made upon presentation and surrender of such Bond to the Trustee at its designated corporate trust office. Upon delivery The Corporation, in its sole discretion and without the consent of the Trustee, the beneficial owner of a Book Entry Bond or any other person, may terminate the services of the Depository with respect to a Book Entry Bond if the Corporation determines that (i) the Depository is unable to discharge its responsibilities with respect to such Bonds or (ii) a continuation of the requirement that all of the Outstanding Bonds of like Series issued in book entry form be registered in the registration books of the Corporation in the name of the Depository, is not in the best interest of the beneficial owners of such Bonds, and the Corporation shall terminate the services of the Depository upon receipt by DTC to the Corporation and the Trustee of written notice to from the effect Depository that DTC it has determined to substitute received written requests that such Depository be removed from its participants having beneficial interest, as shown in the records of the Depository, in an aggregate amount of not less than a new nominee majority in place principal amount of Cede & Co., and subject to the provisions herein then Outstanding Bonds for which the Depository is serving as Depository. Upon the termination of the services of a Depository with respect to record datesa Book Entry Bond, or upon the term “Cede & Co.” in this Indenture shall refer resignation of a Depository with respect to such new nominee of DTC. (c) In the event that: (i) DTCa Book Entry Bond, including any successor as after which no substitute securities depository for a Series willing to undertake the functions of Bondssuch Depository can be found which, determines not in the opinion of the Corporation, is able to continue to act as securities depository for undertake such Series of Bonds; or (ii) the Authority determines that the incumbent securities depository functions upon reasonable and customary terms, such Bonds shall no longer so act, and delivers a written certificate to be registered in the registration books kept by the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authority, the Trustee and the successor securities depository for the Bonds of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depository, then the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name of the incumbent securities depository or its nomineea Depository, but shall be registered in whatever the name or names of the incumbent securities depository for Bondholders transferring or exchanging such Series of Bonds, or its nominee, Bonds shall designate. In such event , in accordance with the Authority shall execute, and deliver to the Trustee, a sufficient quantity provisions of Bonds of such Series to carry out the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 Article III hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations. (d) Notwithstanding any other provision of this Indenture to the contrary, so long as any Book-Entry Bond is registered in the name of DTC, or its nominee, all payments with respect to the principal, premium, if any, and interest with respect to such Book-Entry Bond and all notices with respect to such Book-Entry Bond shall be made and given, respectively, as provided in the Representation Letter. (e) In connection with any notice proposed transfer outside the Book Entry Bond system, the Corporation or other communication the Depository shall provide or cause to be provided to Owners of Book-Entry Bonds pursuant to this Indenture by the Authority, the City or the Trustee all information necessary to allow the Trustee to comply with respect any applicable tax reporting obligations, including without limitation any cost basis reporting obligations Section 6045 of the Code. The Trustee may rely on the information provided to any consent it and shall have no responsibility to verify or other action to be taken by Owners, ensure the Authority, the City or the Trustee, asaccuracy of such information.

Book-Entry Bonds. The Bonds (aother than the Class B-3 Bonds) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity and shall be issued initially as one or more certificates in the form name of a separate single fully registered Bond (which the Clearing Agency or its nominee. Initially the Class B-3 Bonds shall be Certificated Bonds but may be typewritten). The Series 2017 Bonds shall initially be issued as converted to Book-Entry Bonds. Except as provided in subsection (c) of this SectionFor all purposes, the registered Owner Trustee shall deal with the Clearing Agency as the owner of all such Book-Entry Bonds in accordance with Section 3.08 of the Original Indenture. The rights of Beneficial Owners of the Book-Entry Bonds shall be limited to those established by law and agreements between such Beneficial Owners and the Clearing Agency and Clearing Agency Participants. The Beneficial Owners of the Book- Entry Bonds shall not be Cede & Co.entitled to certificated securities for the Book-Entry Bonds as to which they are the Beneficial Owners, except as provided below. Requests and directions from, and votes of, the Clearing Agency, as nominee of DTC. Notwithstanding anything Holder, shall not be deemed to the contrary contained in this Indenture, payment of interest be inconsistent if they are made with respect to any different Beneficial Owners. Without the consent of the Issuer and the Trustee, a Book-Entry Bond registered as of each Record Date in may not be transferred by the name of Cede & Co. shall be made by wire transfer of sameClearing Agency except to another Clearing Agency that agrees to hold the Book-day funds to Entry Bond for the account of Cede & Co. the respective Clearing Agency Participants and Beneficial Owners. None of the Issuer, the Bond Administrator, any Master Servicer or the Trustee will have any liability for any aspect of the records relating to or payment made on account of Beneficial Owners of the Interest Payment Date at the address indicated on the Record Date for Cede & Co. in the Registration Books or as otherwise provided in the Representation Letter. (b) The Trustee and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner of Book-Entry Bonds registered in its name for held by the purposes of payment of the principal, premium, if anyClearing Agency, or interest with respect for maintaining, supervising or reviewing any records relating to Book-Entry Bonds, selecting such Beneficial Owners. The Book-Entry Bonds or portions thereof will be issued in fully registered, certificated form to be redeemed, giving any notice permitted or required to be given to Beneficial Owners of Book-Book- Entry Bonds under this Indentureor their nominees, registering rather than to the transfer of Book-Entry BondsClearing Agency or its nominee, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds and for all other purposes whatsoever, and neither only if (a) the Issuer advises the Trustee nor in writing that the Authority shall be affected by any notice Clearing Agency is no longer willing or able to the contrary. Neither the Trustee nor the Authority shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Book-Entry Bonds under or through DTC or any Participant, or any other person which is not shown on the Registration Books discharge properly its responsibilities as being an Owner, with respect to the accuracy of any records maintained by DTC or any Participant, the payment by DTC or any Participant of any amount in respect of the principal, premium, if any, or interest with respect to Book-Entry Bonds, any notice which is permitted or required to be given to Owners of Book-Entry Bonds under this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or any consent given or other action taken by DTC as Owner of Book-Entry Bonds. The Trustee shall pay all principal, premium, if any and interest with respect to Book-Entry Bonds, only to DTC, and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s obligations with respect to the principal, premium, if any, and interest depository with respect to the Book-Entry Bonds and the Issuer is unable to locate a qualified successor within 30 days or (b) the extent of Issuer, at its option, elects to terminate the sum or sums so paid. Except under book-entry system operating through the conditions of subsection (c) of this Section, no person other than DTC shall receive an executed Book-Entry Bond for each separate stated maturityClearing Agency. Upon delivery by DTC to the Trustee occurrence of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record dates, the term “Cede & Co.” in this Indenture shall refer to such new nominee of DTC. (c) In the either event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that the incumbent securities depository shall no longer so act, and delivers a written certificate to the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered described in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authorityimmediately preceding paragraph, the Trustee and is required to notify the successor securities depository for the Bonds of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depositoryClearing Agency, then the Bonds of such Series shall no longer be restricted to being registered which in the Registration Books in the name of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series of Bonds, or its nominee, shall designate. In such event the Authority shall execute, and deliver to the Trustee, a sufficient quantity of Bonds of such Series to carry out the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations. (d) Notwithstanding any other provision of this Indenture to the contrary, so long as any Book-Entry Bond is registered in the name of DTC, or its nominee, turn will notify all payments with respect to the principal, premium, if any, and interest with respect to such Book-Entry Bond and all notices with respect to such Book-Entry Bond shall be made and given, respectively, as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Beneficial Owners of Book-Entry Bonds pursuant to this Indenture through Clearing Agency Participants, of the availability of Certificated Bonds. Upon surrender by the AuthorityClearing Agency of the certificates representing the Book-Entry Bonds and receipt of instructions for re-registration, the City or Trustee will reissue the Trustee with respect Book-Entry Bonds as Certificated Bonds to any consent or other action to be taken the Beneficial Owners identified in writing by Owners, the Authority, the City or the Trustee, asClearing Agency. Such Certificated Bonds shall not constitute Book-Entry Bonds.

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 1999 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection (c) of this Section, the registered Owner of all of the Book- Book-Entry Bonds shall be Cede & Co., as nominee of DTC. Notwithstanding anything to the contrary contained in this Indenture, payment of interest with respect to any Book-Entry Bond registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the Record Date for Cede & Co. in the Registration Books or as otherwise provided in the Representation Letter. (b) The Trustee and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner of Book-Entry Bonds registered in its name for the purposes of payment of the principal, premium, if any, or interest with respect to Book-Entry Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of Book-Entry Bonds under this Indenture, registering the transfer of Book-Entry Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds and for all other purposes whatsoever, and neither the Trustee nor the Authority shall be affected by any notice to the contrary. Neither the Trustee nor the Authority shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Book-Entry Bonds under or through DTC or any Participant, or any other person which is not shown on the Registration Books as being an Owner, with respect to the accuracy of any records maintained by DTC or any Participant, the payment by DTC or any Participant of any amount in respect of the principal, premium, if any, or interest with respect to Book-Entry Bonds, any notice which is permitted or required to be given to Owners of Book-Entry Bonds under this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or any consent given or other action taken by DTC as Owner of Book-Entry Bonds. The Trustee shall pay all principal, premium, if any and interest with respect to Book-Entry Bonds, only to DTC, and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s obligations with respect to the principal, premium, if any, and interest with respect to the Book-Entry Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no person other than DTC shall receive an executed Book-Entry Bond for each separate stated maturity. Upon delivery by DTC to the Trustee of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record dates, the term “Cede & Co.” in this Indenture shall refer to such new nominee of DTC. (c) In the event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that the incumbent securities depository shall no longer so act, and delivers a written certificate to the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authority, the Trustee and the successor securities depository for the Bonds of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depository, then the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series of Bonds, or its nominee, shall designate. In such event the Authority shall execute, and deliver to the Trustee, a sufficient quantity of Bonds of such Series to carry out the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations. (d) Notwithstanding any other provision of this Indenture to the contrary, so long as any Book-Entry Bond is registered in the name of DTC, or its nominee, all payments with respect to the principal, premium, if any, and interest with respect to such Book-Entry Bond and all notices with respect to such Book-Entry Bond shall be made and given, respectively, as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds pursuant to this Indenture by the Authority, the City or the Trustee with respect to any consent or other action to be taken by Owners, the Authority, the City or the Trustee, asor

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection (c) of this Section, the registered Owner of all of the Book- Entry Bonds shall be Cede & Co., as nominee of DTC. Notwithstanding anything Anything herein to the contrary contained notwithstanding, Bonds may be authorized and issued in book entry form in accordance with the Supplemental Indenture authorizing such Bonds. For all purposes of this Indenture, payment Indenture the Holder of interest with respect to any Book-Entry a Bond registered as of each Record Date in the name of Cede & Co. book entry form shall be made by wire transfer of same-day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the Record Date for Cede & Co. in the Registration Books or as otherwise provided in the Representation Letter. (b) The Trustee and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner of Book-Entry Bonds registered in its name for the purposes of payment of the principal, premium, if any, or interest with respect to Book-Entry Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of Book-Entry Bonds under this Indenture, registering the transfer of Book-Entry Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds and for all other purposes whatsoever, Depository therefor and neither the Trustee State, the Registrar nor the Authority Trustee shall be affected by have responsibility or any notice obligation to the contrarybeneficial owner of such Bond or to any direct or indirect participant in such Depository. Neither Without limiting the generality of the foregoing, neither the State, the Registrar nor the Trustee nor the Authority shall have any responsibility or obligation to any Participant, such participant or to the beneficial owner of a Bond in book entry form with respect to (i) the accuracy of the records of the Depository or any person claiming a participant with respect to any beneficial ownership interest in Book-Entry Bonds under or through DTC or such Bond, (ii) the delivery to any Participantparticipant of the Depository, the beneficial owner of such Bond or any other person which is not shown on person, other than the Registration Books as being an OwnerDepository, of any notice with respect to such Bond, including any notice of the redemption thereof, or (iii) the payment to any participant of the Depository, the beneficial owner of such Bond or any other person, other than the Depository, of any amount with respect to the accuracy of any records maintained by DTC principal or any Participant, the payment by DTC or any Participant of any amount in respect of the principal, premium, if anyredemption price of, or interest on, such Bond. The State, the Registrar and the Trustee may treat the Depository therefor as the absolute owner of a Bond in book entry form for the purpose of (x) payment of the principal or redemption price of, and interest on such Bond, (y) giving notices of redemption and of other matters with respect to Book-Entry Bondssuch Bond, any notice which is permitted or required to be given to Owners of Book-Entry Bonds under this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or any consent given or other action taken by DTC as Owner of Book-Entry Bonds. The Trustee shall pay all principal, premium, if any and interest (z) registering transfers with respect to Book-Entry Bondssuch Bond, and for all other purposes whatsoever. All principal or redemption price of, as applicable, and interest on, such Bond shall be paid only to DTCor upon the order of the Depository, and all such payments shall be valid and effective to fully satisfy and discharge the AuthorityState’s obligations with respect to such principal or redemption price and interest, ABPC’s obligation under the principalLease and APCOA’s obligation under the APCOA Guaranty, premium, if any, and interest in each case with respect to payment of Debt Service on the Book-Entry Bonds Bonds, to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no person No Person other than DTC the Depository shall receive an executed Booka Bond or other instrument evidencing the State’s obligation to make payments of the principal or redemption price thereof, and interest thereon. Anything herein to the contrary notwithstanding, payment of the redemption price of Bonds in book entry form which are redeemed prior to maturity may be paid to the Depository by wire transfer. Such payment of the redemption price of Bonds in book entry form to the Depository may be made without surrender of Bonds to the Trustee; provided, however, payment of principal and interest at maturity of Bonds in book entry form requires surrender of such Bonds to the Trustee. The State, in its sole discretion and without the consent of the Trustee, the beneficial owner of a Bond in book entry form or any other person, may terminate the services of the Depository with respect to Bonds in book entry form if the State determines that (i) the Depository is unable to discharge its responsibilities with respect to such Bonds or (ii) a continuation of the requirement that all of the Outstanding Bonds of like series issued in book-Entry Bond for each separate stated maturity. Upon delivery entry form be registered in the Register in the name of the Depository, is not in the best interest of the beneficial owners of such Bonds, and the State shall terminate the services of the Depository upon receipt by DTC to the State and the Trustee of written notice to from the effect Depository that DTC it has determined to substitute received written requests that such Depository be removed from its participants having beneficial interest, as shown in the records of the Depository, in an aggregate amount of not less than a new nominee majority in place principal amount of Cede & Co., and subject to the provisions herein then Outstanding Bonds for which the Depository is serving as depository. Upon the termination of the services of a Depository with respect to record datesa Bond in book entry form, or upon the term “Cede & Co.” resignation of a Depository with respect to a Bond in this Indenture shall refer to such new nominee of DTC. (c) In the event that: (i) DTCbook entry form, including any successor as after which no substitute securities depository for a Series willing to undertake the functions of Bondssuch Depository can be found which, determines not in the opinion of the State, is able to continue to act as securities depository for undertake such Series of Bonds; or (ii) the Authority determines that the incumbent securities depository functions upon reasonable and customary terms, such Bonds shall no longer so act, and delivers a written certificate to be registered in the Trustee to that effect, then registration books kept by the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered Registrar in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authority, the Trustee and the successor securities depository for the Bonds of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depository, then the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name of the incumbent securities depository or its nomineea Depository, but shall be registered in whatever the name or names the incumbent securities depository for Bondholders transferring or exchanging such Series of Bonds, or its nominee, Bonds shall designate. In such event the Authority shall execute, and deliver to the Trustee, a sufficient quantity in accordance with provisions of Bonds of such Series to carry out the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 Article III hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations. (d) Notwithstanding any other provision of this Indenture to the contrary, so long as any Book-Entry Bond is registered in the name of DTC, or its nominee, all payments with respect to the principal, premium, if any, and interest with respect to such Book-Entry Bond and all notices with respect to such Book-Entry Bond shall be made and given, respectively, as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds pursuant to this Indenture by the Authority, the City or the Trustee with respect to any consent or other action to be taken by Owners, the Authority, the City or the Trustee, as

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection (c) of this SectionSection 3.02(c), the registered Owner owner of all of the Book- Entry Series 2019-A Bonds shall be DTC and the Series 2019-A Bonds shall be registered in the name of Cede & Co., as nominee of for DTC. Notwithstanding anything to the contrary contained in this Indenture, payment Payment of principal of and interest with respect to on any BookSeries 2019-Entry Bond A Bonds registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-New York clearing house or equivalent next day funds or by wire transfer of same day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the regular Record Date or special record date for Cede & Co. in the Registration Books or as otherwise provided in resignation books of the Representation LetterRegistrar. (b) The Trustee Series 2019-A Bonds shall be initially issued in the form of separate single authenticated fully registered certificates for each separate stated maturity of the Series 2019-A Bonds. Upon initial issuance, the ownership of such Series 2019-A Bonds shall be registered in the registration books of the Registrar in the name of Cede & Co., as nominee of DTC. The Trustee, the Registrar and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner owner of Bookthe Series 2019-Entry A Bonds registered in its name for the purposes of payment of the principal, premium, if any, principal of or interest with respect to Bookon the Series 2019-Entry A Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of Book-Entry Bonds Bondholders under the Agreement or this IndentureFortieth Supplemental Agreement, registering the transfer of BookSeries 2019-Entry A Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds Bondholders and for all other purposes whatsoever, and neither the Trustee Trustee, the Registrar nor the Authority shall be affected by any notice to the contrary. Neither the Trustee Trustee, the Registrar nor the Authority shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Bookthe Series 2019-Entry A Bonds under or through DTC or any Participant, or any other person which is not shown on the Registration Books registration books as being an Ownera Bondholder, with respect to the accuracy of any records maintained by DTC or any Participant, ; the payment by DTC or any Participant of any amount in respect of the principal, premium, if any, principal of or interest with respect to Bookon the Series 2019-Entry A Bonds, ; any notice which is permitted or required to be given to Owners of Book-Entry Bonds Bondholders under this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or Agreement; any consent given or other action taken by DTC as Owner of Book-Entry BondsBondholder; or any other purpose. The Trustee shall pay all principal, premium, if any principal of and interest with respect to Bookon the Series 2019-Entry Bonds, A Bonds only to DTCor “upon the order of” DTC (as that term is used in the Uniform Commercial Code as adopted in the State of California), and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s obligations with respect to the principal, premium, if any, principal of and interest with respect to on the BookSeries 2019-Entry A Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no No person other than DTC shall receive an executed Bookauthenticated Series 2019-Entry A Bond for each separate stated maturityevidencing the obligation of the Authority to make payments of principal and interest pursuant to the Agreement. Upon delivery by DTC to the Trustee of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record datesRecord Dates, the term word “Cede & Co.” in this Indenture Fortieth Supplemental Agreement shall refer to such new nominee of DTC. (c) In the event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that it is in the incumbent securities depository shall no longer so actbest interest of the Beneficial Owners that they be able to obtain bond certificates, and delivers a written certificate to the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authoritynotifies DTC, the Trustee and the successor securities depository for the Bonds Registrar of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depositorydetermination, then DTC will notify the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name Participants of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series availability through DTC of Bonds, or its nominee, shall designatebond certificates. In such event event, the Trustee shall authenticate and the Registrar shall transfer and exchange bond certificates as requested by DTC and any other Bondholders in appropriate amounts. DTC may determine to discontinue providing its services with respect to the Series 2019-A Bonds at any time by giving notice to the Authority and the Trustee and discharging its responsibilities with respect thereto under applicable law. Under such circumstances (if there is no successor securities depository), the Authority and the Trustee shall executebe obligated to deliver bond certificates as described in this Fortieth Supplemental Agreement. In the event Bond certificates are issued, the provisions of the Agreement and deliver to this Fortieth Supplemental Agreement shall apply to, among other things, the Trustee, a sufficient quantity of Bonds transfer and exchange of such certificates and the method of payment of principal of and interest on such certificates. Whenever DTC requests the Authority and the Trustee to do so, the Trustee and the Authority will cooperate with DTC in taking appropriate action after reasonable notice (i) to make available one or more separate certificates evidencing the Series 2019-A Bonds to carry out any Participant having Series 2019-A Bonds credited to its DTC account or (ii) to arrange for another securities depository to maintain custody of certificates evidencing the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations2019-A Bonds. (d) Notwithstanding any other provision of the Agreement and this Indenture Fortieth Supplemental Agreement to the contrary, so long as any BookSeries 2019-Entry A Bond is registered in the name of Cede & Co., as nominee of DTC, or its nominee, all payments with respect to the principal, premium, if any, principal of and interest with respect to on such BookSeries 2019-Entry A Bond and all notices with respect to such BookSeries 2019-Entry A Bond shall be made and given, respectively, to DTC as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds Bondholders pursuant to the Agreement and this Indenture Fortieth Supplemental Agreement by the Authority, the City Authority or the Trustee with respect to any consent or other action to be taken by OwnersBondholders, the Authority, the City Authority or the Trustee, asas the case may be, shall establish a record date for such consent or other action and give DTC notice of such record date not less than 15 calendar days in advance of such record date to the extent possible. Notice to DTC shall be given only when DTC is the sole Bondholder. NEITHER THE AUTHORITY NOR THE TRUSTEE WILL HAVE ANY RESPONSIBILITY OR OBLIGATION TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS WITH RESPECT TO: THE PAYMENT BY DTC, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT OF THE PRINCIPAL OF OR INTEREST ON THE SERIES 2019-A BONDS; THE PROVIDING OF NOTICE TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS; THE ACCURACY OF ANY RECORDS MAINTAINED BY DTC, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT; OR ANY CONSENT GIVEN OR OTHER ACTION TAKEN BY DTC AS OWNER OF THE SERIES 2019-A BONDS.

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection (cSection 2.04(c) of this Sectionhereof, the registered Owner owner of all of the Book- Entry Series 2020-A Bonds shall be the Securities Depository and the Series 2020-A Bonds shall be registered in the name of Cede & Co., as nominee for the Securities Depository. Payment of DTC. Notwithstanding anything to the contrary contained in this Indenture, payment principal and redemption price of and interest with respect to on any BookSeries 2020-Entry Bond A Bonds registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-New York clearing house or equivalent next day funds or by wire transfer of same day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the regular Record Date or special record date for Cede & Co. in the Registration Books or as otherwise provided in Bond Register held by the Representation LetterTrustee. (b) The Series 2020-A Bonds shall be initially issued in the form of separate single authenticated fully registered certificates for each separate stated maturity and interest rate of the Series 2020-A Bonds. Upon initial issuance, the ownership of such Series 2020-A Bonds shall be registered in the Bond Register in the name of Cede & Co., as nominee of the Securities Depository. The Trustee and the Authority may treat DTC the Securities Depository (or its nominee) as the sole and exclusive Owner owner of Bookthe Series 2020-Entry A Bonds registered in its name for the purposes of payment of the principal, premium, if any, principal and redemption price of or interest with respect to Bookon the Series 2020-Entry A Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of Book-Entry Bonds Bondholders under the Trust Agreement or this IndentureFirst Supplemental Junior Subordinate Trust Agreement, registering the transfer of BookSeries 2020-Entry A Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds Bondholders and for all other purposes whatsoever, and neither the Trustee nor the Authority shall be affected by any notice to the contrary. Neither the Trustee nor the Authority shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Bookthe Series 2020-Entry A Bonds under or through DTC the Securities Depository or any Participant, or any other person which is not shown on the Registration Books registration books as being an Ownera Bondholder, with respect to the accuracy of any records maintained by DTC the Securities Depository or any Participant, ; the payment by DTC the Securities Depository or any Participant of any amount in respect of the principal, premium, if any, principal and redemption price of or interest with respect to Bookon the Series 2020-Entry A Bonds, ; any notice which is permitted or required to be given to Owners of Book-Entry Bonds Bondholders under the Trust Agreement and this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or First Supplemental Junior Subordinate Trust Agreement; any consent given or other action taken by DTC the Securities Depository as Owner of Book-Entry BondsBondholder; or any other purpose. The Trustee shall pay all principal, premium, if any principal and redemption price of and interest with respect to Bookon the Series 2020-Entry Bonds, A Bonds only to DTCor “upon the order of’ the Securities Depository (as that term is used in the Uniform Commercial Code as adopted in the State of California), and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s obligations with respect to the principal, premium, if any, principal and redemption price of and interest with respect to on the BookSeries 2020-Entry A Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no No person other than DTC the Securities Depository shall receive an executed Bookauthenticated Series 2020-Entry A Bond for each separate stated maturityevidencing the obligation of the Authority to make payments of principal and redemption price and interest pursuant to the Trust Agreement and this First Supplemental Junior Subordinate Trust Agreement. Upon delivery by DTC the Securities Depository to the Trustee of written notice to the effect that DTC the Securities Depository has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record datesRecord Dates, the term word “Cede & Co.” in this Indenture First Supplemental Junior Subordinate Trust Agreement shall refer to such new nominee of DTCthe Securities Depository. (c) In the event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that it is in the incumbent securities depository shall no longer so actbest interest of the Beneficial Owners that they be able to obtain bond certificates, and delivers a written certificate to notifies the Securities Depository and the Trustee to that effectof such determination, then the Authority Securities Depository will notify the Participants of the availability through the Securities Depository of bond certificates. In such event, the Trustee shall authenticate, transfer and exchange bond certificates as requested by the Securities Depository and any other Bondholders in appropriate amounts. The Securities Depository may determine to discontinue providing its services with respect to the book- entry system with the incumbent securities depository for such Series of Bonds. If 2020-A Bonds at any time by giving notice to the Authority determines to replace and the incumbent securities depository for Trustee and discharging its responsibilities with respect thereto under applicable law. Under such Series of Bonds with another qualified circumstances (if there is no successor securities depository), the Authority and the Trustee shall prepare or direct be obligated to deliver bond certificates as described in the preparation Trust Agreement and this First Supplemental Junior Subordinate Trust Agreement. In the event Bond certificates are issued, the provisions of a new singlethe Trust Agreement and this First Supplemental Junior Subordinate Trust Agreement shall apply to, separate fully registered Bond among other things, the transfer and exchange of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authority, the Trustee certificates and the successor method of payment of (i) to make available one or more separate certificates evidencing the Series 2020-A Bonds to any Participant having Series 2020-A Bonds credited to its the Securities Depository account or (ii) to arrange for another securities depository for to maintain custody of certificates evidencing the Bonds of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depository, then the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series of 2020-A Bonds, or its nominee, shall designate. In such event the Authority shall execute, and deliver to the Trustee, a sufficient quantity of Bonds of such Series to carry out the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations. (d) Notwithstanding any other provision of the Trust Agreement and this Indenture First Supplemental Junior Subordinate Trust Agreement to the contrary, so long as any BookSeries 2020-Entry A Bond is registered in the name of DTCCede & Co., or its nomineeas nominee of the Securities Depository, all payments with respect to the principal, premium, if any, principal and redemption price of and interest with respect to on such Book-Entry Series 2020- A Bond and all notices with respect to such BookSeries 2020-Entry A Bond shall be made and given, respectively, to the Securities Depository as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds Bondholders pursuant to the Trust Agreement and this Indenture First Supplemental Junior Subordinate Trust Agreement by the Authority, the City Authority or the Trustee with respect to any consent or other action to be taken by OwnersBondholders, the Authority, the City Authority or the Trustee, asas the case may be, shall establish a record date for such consent or other action and give the Securities Depository notice of such record date not less than fifteen (15) calendar days in advance of such record date to the extent possible. Notice to the Securities Depository shall be given only when the Securities Depository is the sole Bondholder. NEITHER THE AUTHORITY NOR THE TRUSTEE WILL HAVE ANY RESPONSIBILITY OR OBLIGATION TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS WITH RESPECT TO: THE PAYMENT BY THE SECURITIES DEPOSITORY, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT OF THE PRINCIPAL AND REDEMPTION PRICE OF OR INTEREST ON THE SERIES 2020-A BONDS; THE PROVIDING OF NOTICE TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS; THE ACCURACY OF ANY RECORDS MAINTAINED BY THE SECURITIES DEPOSITORY, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT; OR ANY CONSENT GIVEN OR OTHER ACTION TAKEN BY THE SECURITIES DEPOSITORY AS HOLDER OF THE SERIES 2020-A BONDS.

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection paragraph (c) of this Section, the registered Owner of all of the Book- Entry Series 2019-C Bonds shall be DTC and the Series 2019-C Bonds shall be registered in the name of Cede & Co., as nominee of for DTC. Notwithstanding anything to the contrary contained in this Indenture, payment Payment of principal of and interest with respect to on any BookSeries 2019-Entry Bond X Xxxx registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-New York Clearing House or equivalent next day funds or by wire transfer of same day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the regular Record Date or special record date for Cede & Co. in the Registration Books or as otherwise provided in registration books of the Representation LetterRegistrar. (b) The Trustee Series 2019-C Bonds shall be initially issued in the form of separate single authenticated fully registered bond certificates for each separate stated maturity of the Series 2019-C Bonds. Upon initial issuance, the ownership of such Series 2019- C Bonds shall be registered in the registration books of the Registrar in the name of Cede & Co., as nominee of DTC. The Trustee, the Registrar and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner owner of Bookthe Series 2019-Entry C Bonds registered in its name for the purposes of payment of the principal, premium, if any, principal of or interest with respect to Bookon the Series 2019-Entry C Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of Book-Entry Bonds Bondholders under the Agreement or this IndentureThirtieth Supplemental Agreement, registering the transfer of BookSeries 2019-Entry C Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds Bondholders and for all other purposes whatsoever, and neither none of the Trustee nor Trustee, the Registrar or the Authority shall be affected by any notice to the contrary. Neither None of the Trustee nor Trustee, the Registrar or the Authority shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Bookthe Series 2019-Entry C Bonds under or through DTC or any Participant, or any other person which is not shown on the Registration Books registration books as being an Ownera Bondholder, with respect to the accuracy of any records maintained by DTC or any Participant, ; the payment by DTC or any Participant of any amount in respect of the principal, premium, if any, principal of or interest with respect to Bookon the Series 2019-Entry C Bonds, ; any notice which is permitted or required to be given to Owners of Book-Entry Bonds Bondholders under the Agreement or this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or Thirtieth Supplemental Agreement; any consent given or other action taken by DTC as Owner of Book-Entry BondsBondholder; or any other purpose. The Trustee shall pay all principal, premium, if any principal of and interest with respect to Bookon the Series 2019-Entry Bonds, C Bonds only to DTCor “upon the order of” DTC (as that term is used in the Uniform Commercial Code as adopted in the State of California), and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s obligations with respect to the principal, premium, if any, principal of and interest with respect to on the BookSeries 2019-Entry C Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no No person other than DTC shall receive an executed Bookauthenticated Series 2019-Entry C Bond for each separate stated maturityevidencing the obligation of the Authority to make payments of principal and interest pursuant to the Agreement. Upon delivery by DTC to the Trustee of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record datesRecord Dates, the term name “Cede & Co.” in this Indenture Thirtieth Supplemental Agreement shall refer to such new nominee of DTC. (c) In the event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that it is in the incumbent securities depository shall no longer so actbest interest of the Beneficial Owners that they be able to obtain bond certificates, and delivers a written certificate to the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authoritynotifies DTC, the Trustee and the successor securities depository for the Bonds Registrar of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depositorydetermination, then DTC will notify the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name Participants of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series availability through DTC of Bonds, or its nominee, shall designatebond certificates. In such event event, the Trustee shall authenticate and the Registrar shall transfer and exchange bond certificates as requested by DTC and any other Bondholders in appropriate amounts. DTC may determine to discontinue providing its services with respect to the Series 2019-C Bonds at any time by giving notice to the Authority and the Trustee and discharging its responsibilities with respect thereto under applicable law. Under such circumstances (if there is no successor securities depository), the Authority and the Trustee shall executebe obligated to deliver bond certificates as described in this Thirtieth Supplemental Agreement. In the event bond certificates are issued, the provisions of the Agreement and deliver to this Thirtieth Supplemental Agreement shall apply to, among other things, the Trustee, a sufficient quantity of Bonds transfer and exchange of such certificates and the method of payment of principal of and interest on such certificates. Whenever DTC requests the Authority and the Trustee to do so, the Trustee and the Authority will cooperate with DTC in taking appropriate action after reasonable notice (i) to make available one or more separate certificates evidencing the Series 2019-C Bonds to carry out any Participant having Series 2019-C Bonds credited to its DTC account or (ii) to arrange for another securities depository to maintain custody of certificates evidencing the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations2019-C Bonds. (d) Notwithstanding any other provision of the Agreement and this Indenture Thirtieth Supplemental Agreement to the contrary, so long as any BookSeries 2019-Entry C Bond is registered in the name of Cede & Co., as nominee of DTC, or its nominee, all payments with respect to the principal, premium, if any, principal of and interest with respect to on such BookSeries 2019-Entry C Bond and all notices with respect to such BookSeries 2019-Entry C Bond shall be made and given, respectively, to DTC as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds Bondholders pursuant to the Agreement and this Indenture Thirtieth Supplemental Agreement by the Authority, the City Authority or the Trustee with respect to any consent or other action to be taken by OwnersBondholders, the Authority, the City Authority or the Trustee, asas the case may be, shall establish a record date for such consent or other action and give DTC notice of such record date not less than 15 calendar days in advance of such record date to the extent possible. Notice to DTC shall be given only when DTC is the sole Bondholder. NEITHER THE AUTHORITY NOR THE TRUSTEE WILL HAVE ANY RESPONSIBILITY OR OBLIGATION TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS WITH RESPECT TO: THE PAYMENT BY DTC, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT OF THE PRINCIPAL OF OR INTEREST ON THE SERIES 2019-C BONDS; THE PROVIDING OF NOTICE TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS; THE ACCURACY OF ANY RECORDS MAINTAINED BY DTC, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT; OR ANY CONSENT GIVEN OR OTHER ACTION TAKEN BY DTC AS OWNER OF THE SERIES 2019-C BONDS.

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection paragraph (c) of this Section, the registered Owner of all of the Book- Entry Series 2023-A Bonds shall be DTC and the Series 2023-A Bonds shall be registered in the name of Cede & Co., as nominee of for DTC. Notwithstanding anything to the contrary contained in this Indenture, payment Payment of principal and redemption price of and interest with respect to on any BookSeries 2023-Entry A Bond registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-New York Clearing House or equivalent next day funds or by wire transfer of same day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the regular Record Date or special record date for Cede & Co. in the Registration Books or as otherwise provided in registration books of the Representation LetterRegistrar. (b) The Trustee Series 2023-A Bonds shall be initially issued in the form of separate single authenticated fully registered bond certificates for each separate stated maturity of the Series 2023-A Bonds. Upon initial issuance, the ownership of such Series 2023-A Bonds shall be registered in the registration books of the Registrar in the name of Cede & Co., as nominee of DTC. The Trustee, the Registrar and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner owner of Bookthe Series 2023-Entry A Bonds registered in its name for the purposes of payment of the principal, premium, if any, principal and redemption price of or interest with respect to Bookon the Series 2023-Entry A Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of BookBondholders under the Agreement or this Thirty-Entry Bonds under this IndentureFourth Supplemental Agreement, registering the transfer of BookSeries 2023-Entry A Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds Bondholders and for all other purposes whatsoever, and neither none of the Trustee nor Trustee, the Registrar or the Authority shall be affected by any notice to the contrary. Neither None of the Trustee nor Trustee, the Registrar or the Authority shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Bookthe Series 2023-Entry A Bonds under or through DTC or any Participant, or any other person which is not shown on the Registration Books registration books as being an Ownera Bondholder, with respect to the accuracy of any records maintained by DTC or any Participant, ; the payment by DTC or any Participant of any amount in respect of the principal, premium, if any, principal and redemption price of or interest with respect to Book-Entry on the Series 2023- A Bonds, ; any notice which is permitted or required to be given to Owners of BookBondholders under the Agreement or this Thirty-Entry Bonds under this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or Fourth Supplemental Agreement; any consent given or other action taken by DTC as Owner of Book-Entry BondsBondholder; or any other purpose. The Trustee shall pay all principal, premium, if any principal and redemption price of and interest with respect to Bookon the Series 2023-Entry Bonds, A Bonds only to DTCor “upon the order of” DTC (as that term is used in the Uniform Commercial Code as adopted in the State of California), and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s obligations with respect to the principal, premium, if any, principal and redemption price of and interest with respect to on the BookSeries 2023-Entry A Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no No person other than DTC shall receive an executed Bookauthenticated Series 2023-Entry A Bond for each separate stated maturityevidencing the obligation of the Authority to make payments of principal and redemption price and interest pursuant to the Agreement. Upon delivery by DTC to the Trustee of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record datesRecord Dates, the term name “Cede & Co.” in this Indenture Thirty-Fourth Supplemental Agreement shall refer to such new nominee of DTC. (c) In the event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that it is in the incumbent securities depository shall no longer so actbest interest of the Beneficial Owners that they be able to obtain bond certificates, and delivers a written certificate to the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authoritynotifies DTC, the Trustee and the successor securities depository for the Bonds Registrar of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depositorydetermination, then DTC will notify the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name Participants of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series availability through DTC of Bonds, or its nominee, shall designatebond certificates. In such event event, the Trustee shall authenticate and the Registrar shall transfer and exchange bond certificates as requested by DTC and any other Bondholders in appropriate amounts. DTC may determine to discontinue providing its services with respect to the Series 2023-A Bonds at any time by giving notice to the Authority and the Trustee and discharging its responsibilities with respect thereto under applicable law. Under such circumstances (if there is no successor securities depository), the Authority and the Trustee shall executebe obligated to deliver bond certificates as described in this Thirty-Fourth Supplemental Agreement. In the event bond certificates are issued, the provisions of the Agreement and deliver to this Thirty-Fourth Supplemental Agreement shall apply to, among other things, the Trustee, a sufficient quantity of Bonds transfer and exchange of such certificates and the method of payment of principal and redemption price of and interest on such certificates. Whenever DTC requests the Authority and the Trustee to do so, the Trustee and the Authority will cooperate with DTC in taking appropriate action after reasonable notice (i) to make available one or more separate certificates evidencing the Series 2023-A Bonds to carry out any Participant having Series 2023-A Bonds credited to its DTC account or (ii) to arrange for another securities depository to maintain custody of certificates evidencing the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations2023-A Bonds. (d) Notwithstanding any other provision of the Agreement and this Indenture Thirty- Fourth Supplemental Agreement to the contrary, so long as any BookSeries 2023-Entry A Bond is registered in the name of Cede & Co., as nominee of DTC, or its nominee, all payments with respect to the principal, premium, if any, principal and redemption price of and interest with respect to on such BookSeries 2023-Entry A Bond and all notices with respect to such BookSeries 2023-Entry A Bond shall be made and given, respectively, to DTC as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds Bondholders pursuant to the Agreement and this Indenture Thirty-Fourth Supplemental Agreement by the Authority, the City Authority or the Trustee with respect to any consent or other action to be taken by OwnersBondholders, the Authority, the City Authority or the Trustee, asas the case may be, shall establish a record date for such consent or other action and give DTC notice of such record date not less than fifteen (15) calendar days in advance of such record date to the extent possible. Notice to DTC shall be given only when DTC is the sole Bondholder. NEITHER THE AUTHORITY NOR THE TRUSTEE WILL HAVE ANY RESPONSIBILITY OR OBLIGATION TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS WITH RESPECT TO: THE PAYMENT BY DTC, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT OF THE PRINCIPAL AND REDEMPTION PRICE OF OR INTEREST ON THE SERIES 2023-A BONDS; THE PROVIDING OF NOTICE TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS; THE ACCURACY OF ANY RECORDS MAINTAINED BY DTC, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT; OR ANY CONSENT GIVEN OR OTHER ACTION TAKEN BY DTC AS OWNER OF THE SERIES 2023-A BONDS.

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 2004 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection (c) of this Section, the registered Owner of all of the Book- Book-Entry Bonds shall be Cede & Co., as nominee of DTC. Notwithstanding anything to the contrary contained in this Indenture, payment of interest with respect to any Book-Entry Bond registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the Record Date for Cede & Co. in the Registration Books or as otherwise provided in the Representation Letter. (b) The Trustee and the Authority may treat DTC (or its nominee) as the sole and exclusive Owner of Book-Entry Bonds registered in its name for the purposes of payment of the principal, premium, if any, or interest with respect to Book-Entry Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of Book-Entry Bonds under this Indenture, registering the transfer of Book-Entry Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds and for all other purposes whatsoever, and neither the Trustee nor the Authority shall be affected by any notice to the contrary. Neither the Trustee nor the Authority shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Book-Entry Bonds under or through DTC or any Participant, or any other person which is not shown on the Registration Books as being an Owner, with respect to the accuracy of any records maintained by DTC or any Participant, the payment by DTC or any Participant of any amount in respect of the principal, premium, if any, or interest with respect to Book-Entry Bonds, any notice which is permitted or required to be given to Owners of Book-Entry Bonds under this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or any consent given or other action taken by DTC as Owner of Book-Entry Bonds. The Trustee shall pay all principal, premium, if any and interest with respect to Book-Entry Bonds, only to DTC, and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s obligations with respect to the principal, premium, if any, and interest with respect to the Book-Entry Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no person other than DTC shall receive an executed Book-Entry Bond for each separate stated maturity. Upon delivery by DTC to the Trustee of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record dates, the term “Cede & Co.” in this Indenture shall refer to such new nominee of DTC. (c) In the event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that the incumbent securities depository shall no longer so act, and delivers a written certificate to the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authority, the Trustee and the successor securities depository for the Bonds of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depository, then the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series of Bonds, or its nominee, shall designate. In such event the Authority shall execute, and deliver to the Trustee, a sufficient quantity of Bonds of such Series to carry out the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations. (d) Notwithstanding any other provision of this Indenture to the contrary, so long as any Book-Entry Bond is registered in the name of DTC, or its nominee, all payments with respect to the principal, premium, if any, and interest with respect to such Book-Entry Bond and all notices with respect to such Book-Entry Bond shall be made and given, respectively, as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds pursuant to this Indenture by the Authority, the City or the Trustee with respect to any consent or other action to be taken by Owners, the Authority, the City or the Trustee, asor

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection (c) of this SectionSection 35.04(c), the registered Owner owner of all of the Book- Entry Series 2021-A Bonds shall be the Securities Depository and the Series 2021-A Bonds shall be registered in the name of Cede & Co., as nominee for the Securities Depository. Payment of DTC. Notwithstanding anything to the contrary contained in this Indenture, payment principal and redemption price of and interest with respect to on any BookSeries 2021-Entry Bond A Bonds registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-New York clearing house or equivalent next day funds or by wire transfer of same day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the regular Record Date or special record date for Cede & Co. in the Registration Books or as otherwise provided in Bond Register held by the Representation LetterTrustee. (b) The Series 2021-A Bonds shall be initially issued in the form of separate single authenticated fully registered certificates for each separate stated maturity and interest rate of the Series 2021-A Bonds. Upon initial issuance, the ownership of such Series 2021-A Bonds shall be registered in the Bond Register in the name of Cede & Co., as nominee of the Securities Depository. The Trustee and the Authority may treat DTC the Securities Depository (or its nominee) as the sole and exclusive Owner owner of Bookthe Series 2021-Entry A Bonds registered in its name for the purposes of payment of the principal, premium, if any, principal and redemption price of or interest with respect to Bookon the Series 2021-Entry A Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of Book-Entry Bonds Bondholders under the Trust Agreement or this IndentureSixth Supplemental Trust Agreement, registering the transfer of Book-Entry Series 2021- Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds Bondholders and for all other purposes whatsoever, and neither the Trustee nor the Authority shall be affected by any notice to the contrary. Neither the Trustee nor the Authority shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Bookthe Series 2021-Entry A Bonds under or through DTC the Securities Depository or any Participant, or any other person which is not shown on the Registration Books registration books as being an Ownera Bondholder, with respect to the accuracy of any records maintained by DTC the Securities Depository or any Participant, ; the payment by DTC the Securities Depository or any Participant of any amount in respect of the principal, premium, if any, principal and redemption price of or interest with respect to Bookon the Series 2021-Entry A Bonds, ; any notice which is permitted or required to be given to Owners of Book-Entry Bonds Bondholders under the Trust Agreement and this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or Sixth Supplemental Trust Agreement; any consent given or other action taken by DTC the Securities Depository as Owner of Book-Entry BondsBondholder; or any other purpose. The Trustee shall pay all principal, premium, if any principal and redemption price of and interest with respect to Bookon the Series 2021-Entry Bonds, A Bonds only to DTCor “upon the order of” the Securities Depository (as that term is used in the Uniform Commercial Code as adopted in the State of California), and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s obligations with respect to the principal, premium, if any, principal and redemption price of and interest with respect to on the BookSeries 2021-Entry A Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no No person other than DTC the Securities Depository shall receive an executed Bookauthenticated Series 2021-Entry A Bond for each separate stated maturityevidencing the obligation of the Authority to make payments of principal and redemption price and interest pursuant to the Trust Agreement and this Sixth Supplemental Trust Agreement. Upon delivery by DTC the Securities Depository to the Trustee of written notice to the effect that DTC the Securities Depository has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record datesRecord Dates, the term word “Cede & Co.” in this Indenture Sixth Supplemental Trust Agreement shall refer to such new nominee of DTCthe Securities Depository. (c) In the event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that it is in the incumbent securities depository shall no longer so actbest interest of the Beneficial Owners that they be able to obtain bond certificates, and delivers a written certificate notifies the Securities Depository and the Trustee of such determination, then the Securities Depository will notify the Participants of the availability through the Securities Depository of bond certificates. In such event, the Trustee shall authenticate, transfer and exchange bond certificates as requested by the Securities Depository and any other Bondholders in appropriate amounts. The Securities Depository may determine to discontinue providing its services with respect to the Series 2021-A Bonds at any time by giving notice to the Authority and the Trustee and discharging its responsibilities with respect thereto under applicable law. Under such circumstances (if there is no successor securities depository), the Authority and the Trustee shall be obligated to deliver bond certificates as described in the Trust Agreement and this Sixth Supplemental Trust Agreement. In the event Bond certificates are issued, the provisions of the Trust Agreement and this Sixth Supplemental Trust Agreement shall apply to, among other things, the transfer and exchange of such certificates and the method of payment of principal and redemption price of and interest on such certificates. Whenever the Securities Depository requests the Authority and the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authoritydo so, the Trustee and the successor Authority will cooperate with the Securities Depository in taking appropriate action after reasonable notice (i) to make available one or more separate certificates evidencing the Series 2021-A Bonds to any Participant having Series 2021-A Bonds credited to its the Securities Depository account or (ii) to arrange for another securities depository for to maintain custody of certificates evidencing the Bonds of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depository, then the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series of 2021-A Bonds, or its nominee, shall designate. In such event the Authority shall execute, and deliver to the Trustee, a sufficient quantity of Bonds of such Series to carry out the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations. (d) Notwithstanding any other provision of the Trust Agreement and this Indenture Sixth Supplemental Trust Agreement to the contrary, so long as any BookSeries 2021-Entry A Bond is registered in the name of DTCCede & Co., or its nomineeas nominee of the Securities Depository, all payments with respect to the principal, premium, if any, principal and redemption price of and interest with respect to on such BookSeries 2021-Entry A Bond and all notices with respect to such BookSeries 2021-Entry A Bond shall be made and given, respectively, to the Securities Depository as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds Bondholders pursuant to the Trust Agreement and this Indenture Sixth Supplemental Trust Agreement by the Authority, the City Authority or the Trustee with respect to any consent or other action to be taken by OwnersBondholders, the Authority, the City Authority or the Trustee, asas the case may be, shall establish a record date for such consent or other action and give the Securities Depository notice of such record date not less than fifteen (15) calendar days in advance of such record date to the extent possible. Notice to the Securities Depository shall be given only when the Securities Depository is the sole Bondholder. NEITHER THE AUTHORITY NOR THE TRUSTEE WILL HAVE ANY RESPONSIBILITY OR OBLIGATION TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS WITH RESPECT TO: THE PAYMENT BY THE SECURITIES DEPOSITORY, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT OF THE PRINCIPAL AND REDEMPTION PRICE OF OR INTEREST ON THE SERIES 2021-A BONDS; THE PROVIDING OF NOTICE TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS; THE ACCURACY OF ANY RECORDS MAINTAINED BY THE SECURITIES DEPOSITORY, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT; OR ANY CONSENT GIVEN OR OTHER ACTION TAKEN BY THE SECURITIES DEPOSITORY AS HOLDER OF THE SERIES 2021-A BONDS.

Book-Entry Bonds. (a) Prior to the issuance of a Series of Bonds, the Authority may provide that such Series of Bonds shall initially be issued as Book-Entry Bonds and, in such event, the Bonds of such Series for each maturity shall be in the form of a separate single fully registered Bond (which may be typewritten). The Series 2017 Bonds shall initially be issued as Book-Entry Bonds. Except as provided in subsection (c) of this SectionSection 35.04(c), the registered Owner owner of all of the Book- Entry Series 2020-A Bonds shall be the Securities Depository and the Series 2020-A Bonds shall be registered in the name of Cede & Co., as nominee for the Securities Depository. Payment of DTC. Notwithstanding anything to the contrary contained in this Indenture, payment principal and redemption price of and interest with respect to on any BookSeries 2020-Entry Bond A Bonds registered as of each Record Date in the name of Cede & Co. shall be made by wire transfer of same-New York clearing house or equivalent next day funds or by wire transfer of same day funds to the account of Cede & Co. on the Interest Payment Date at the address indicated on the regular Record Date or special record date for Cede & Co. in the Registration Books or as otherwise provided in Bond Register held by the Representation LetterTrustee. (b) The Series 2020-A Bonds shall be initially issued in the form of separate single authenticated fully registered certificates for each separate stated maturity and interest rate of the Series 2020-A Bonds. Upon initial issuance, the ownership of such Series 2020-A Bonds shall be registered in the Bond Register in the name of Cede & Co., as nominee of the Securities Depository. The Trustee and the Authority may treat DTC the Securities Depository (or its nominee) as the sole and exclusive Owner owner of Bookthe Series 2020-Entry A Bonds registered in its name for the purposes of payment of the principal, premium, if any, principal and redemption price of or interest with respect to Bookon the Series 2020-Entry A Bonds, selecting Book-Entry Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Owners of Book-Entry Bonds Bondholders under the Trust Agreement or this IndentureSixth Supplemental Trust Agreement, registering the transfer of Book-Entry Series 2020- A Bonds, obtaining any consent or other action to be taken by Owners of Book-Entry Bonds Bondholders and for all other purposes whatsoever, and neither the Trustee nor the Authority shall be affected by any notice to the contrary. Neither the Trustee nor the Authority shall have any responsibility or obligation to any Participant, any person claiming a beneficial ownership interest in Bookthe Series 2020-Entry A Bonds under or through DTC the Securities Depository or any Participant, or any other person which is not shown on the Registration Books registration books as being an Ownera Bondholder, with respect to the accuracy of any records maintained by DTC the Securities Depository or any Participant, ; the payment by DTC the Securities Depository or any Participant of any amount in respect of the principal, premium, if any, principal and redemption price of or interest with respect to Bookon the Series 2020-Entry A Bonds, ; any notice which is permitted or required to be given to Owners of Book-Entry Bonds Bondholders under the Trust Agreement and this Indenture, the selection by DTC or any Participant of any person to receive payment in the event of a partial redemption of Book-Entry Bonds, or Sixth Supplemental Trust Agreement; any consent given or other action taken by DTC the Securities Depository as Owner of Book-Entry BondsBondholder; or any other purpose. The Trustee shall pay all principal, premium, if any principal and redemption price of and interest with respect to Bookon the Series 2020-Entry Bonds, A Bonds only to DTCor “upon the order of’ the Securities Depository (as that term is used in the Uniform Commercial Code as adopted in the State of California), and all such payments shall be valid and effective to fully satisfy and discharge the Authority’s obligations with respect to the principal, premium, if any, principal and redemption price of and interest with respect to on the BookSeries 2020-Entry A Bonds to the extent of the sum or sums so paid. Except under the conditions of subsection (c) of this Section, no No person other than DTC the Securities Depository shall receive an executed Bookauthenticated Series 2020-Entry A Bond for each separate stated maturityevidencing the obligation of the Authority to make payments of principal and redemption price and interest pursuant to the Trust Agreement and this Sixth Supplemental Trust Agreement. Upon delivery by DTC the Securities Depository to the Trustee of written notice to the effect that DTC the Securities Depository has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to record datesRecord Dates, the term word “Cede & Co.” in this Indenture Sixth Supplemental Trust Agreement shall refer to such new nominee of DTCthe Securities Depository. (c) In the event that: (i) DTC, including any successor as securities depository for a Series of Bonds, determines not to continue to act as securities depository for such Series of Bonds; or (ii) the Authority determines that it is in the incumbent securities depository shall no longer so actbest interest of the Beneficial Owners that they be able to obtain bond certificates, and delivers a written certificate notifies the Securities Depository and the Trustee of such determination, then the Securities Depository will notify the Participants of the availability through the Securities Depository of bond certificates. In such event, the Trustee shall authenticate, transfer and exchange bond certificates as requested by the Securities Depository and any other Bondholders in appropriate amounts. The Securities Depository may determine to discontinue providing its services with respect to the Series 2020-A Bonds at any time by giving notice to the Authority and the Trustee and discharging its responsibilities with respect thereto under applicable law. Under such circumstances (if there is no successor securities depository), the Authority and the Trustee shall be obligated to deliver bond certificates as described in the Trust Agreement and this Sixth Supplemental Trust Agreement. In the event Bond certificates are issued, the provisions of the Trust Agreement and this Sixth Supplemental Trust Agreement shall apply to, among other things, the transfer and exchange of such certificates and the method of payment of principal and redemption price of and interest on such certificates. Whenever the Securities Depository requests the Authority and the Trustee to that effect, then the Authority will discontinue the book- entry system with the incumbent securities depository for such Series of Bonds. If the Authority determines to replace the incumbent securities depository for such Series of Bonds with another qualified securities depository, the Authority shall prepare or direct the preparation of a new single, separate fully registered Bond of such Series for the aggregate outstanding principal amount of Bonds of such Series of each maturity, registered in the name of such successor or substitute qualified securities depository, or its nominee, or make such other arrangement acceptable to the Authoritydo so, the Trustee and the successor Authority will cooperate with the Securities Depository in taking appropriate action after reasonable notice (i) to make available one or more separate certificates evidencing the Series 2020-A Bonds to any Participant having Series 2020-A Bonds credited to its the Securities Depository account or (ii) to arrange for another securities depository for to maintain custody of certificates evidencing the Bonds of such Series as are not inconsistent with the terms of this Indenture. If the Authority fails to identify another qualified successor securities depository for such Series of Bonds to replace the incumbent securities depository, then the Bonds of such Series shall no longer be restricted to being registered in the Registration Books in the name of the incumbent securities depository or its nominee, but shall be registered in whatever name or names the incumbent securities depository for such Series of 2020-A Bonds, or its nominee, shall designate. In such event the Authority shall execute, and deliver to the Trustee, a sufficient quantity of Bonds of such Series to carry out the transfers and exchanges provided in Sections 2.04, 2.08 and 2.09 hereof. All such Bonds of such Series shall be in fully registered form in Authorized Denominations. (d) Notwithstanding any other provision of the Trust Agreement and this Indenture Sixth Supplemental Trust Agreement to the contrary, so long as any BookSeries 2020-Entry A Bond is registered in the name of DTCCede & Co., or its nomineeas nominee of the Securities Depository, all payments with respect to the principal, premium, if any, principal and redemption price of and interest with respect to on such BookSeries 2020-Entry A Bond and all notices with respect to such BookSeries 2020-Entry A Bond shall be made and given, respectively, to the Securities Depository as provided in the Representation Letter. (e) In connection with any notice or other communication to be provided to Owners of Book-Entry Bonds Bondholders pursuant to the Trust Agreement and this Indenture Sixth Supplemental Trust Agreement by the Authority, the City Authority or the Trustee with respect to any consent or other action to be taken by OwnersBondholders, the Authority, the City Authority or the Trustee, asas the case may be, shall establish a record date for such consent or other action and give the Securities Depository notice of such record date not less than fifteen (15) calendar days in advance of such record date to the extent possible. Notice to the Securities Depository shall be given only when the Securities Depository is the sole Bondholder. NEITHER THE AUTHORITY NOR THE TRUSTEE WILL HAVE ANY RESPONSIBILITY OR OBLIGATION TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS WITH RESPECT TO: THE PAYMENT BY THE SECURITIES DEPOSITORY, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT OF THE PRINCIPAL AND REDEMPTION PRICE OF OR INTEREST ON THE SERIES 2020-A BONDS; THE PROVIDING OF NOTICE TO PARTICIPANTS, INDIRECT PARTICIPANTS OR BENEFICIAL OWNERS; THE ACCURACY OF ANY RECORDS MAINTAINED BY THE SECURITIES DEPOSITORY, ANY PARTICIPANT OR ANY INDIRECT PARTICIPANT; OR ANY CONSENT GIVEN OR OTHER ACTION TAKEN BY THE SECURITIES DEPOSITORY AS HOLDER OF THE SERIES 2020-A BONDS.