Common use of Use of Depository Clause in Contracts

Use of Depository. Notwithstanding any provision of this Trust Agreement to the contrary: (a) At the request of the Original Purchaser, the Certificates shall be initially executed and delivered registered in the name of “Cede & Co.,” as nominee of The Depository Trust Company, the depository designated by the Original Purchaser, and shall be evidenced by one Certificate maturing on each of the maturity dates set forth in Section 2.03 hereof to be in a denomination corresponding to the total principal therein designated to mature on such date. Registered ownership of such Certificates, or any portions thereof, may not thereafter be transferred except: (i) to any successor of The Depository Trust Company or its nominee, or of any substitute depository designated pursuant to paragraph (ii) of this subsection (a) (“substitute depository”); provided that any successor of The Depository Trust Company or substitute depository shall be qualified under any applicable laws to provide the service proposed to be provided by it; (ii) to any substitute depository designated in a written request of the District, upon (i) the resignation of The Depository Trust Company or its successor (or any substitute depository or its successor) from its functions as depository or (ii) a determination by the District that The Depository Trust Company or its successor is no longer able to carry out its functions as depository; provided that any such substitute depository shall be qualified under any applicable laws to provide the services proposed to be provided by it; or (iii) to any person as provided below, upon (A) the resignation of The Depository Trust Company or its successor (or any substitute depository or its successor) from its functions as depository or (B) a determination by the District that The Depository Trust Company or its successor is no longer able to carry out its functions as depository; provided that no substitute depository which is not objected to by the District and the Trustee can be obtained. (b) In the case of any transfer pursuant to paragraph (i) or paragraph (ii) of subsection (a) of this Section 2.14, upon receipt of all Outstanding Certificates by the Trustee, together with a written request of a District Representative to the Trustee, a single new Certificate shall be executed and delivered for each maturity of such Certificate then outstanding, registered in the name of such successor or such substitute depository or their nominees, as the case may be, all as specified in such written request of a District Representative. In the case of any transfer pursuant to paragraph (iii) of subsection (a) of this Section 2.14, upon receipt of all Outstanding Certificates by the Trustee together with a written request of a District Representative, new Certificates shall be executed and delivered in such denominations and registered in the names of such persons as are requested in a written request of the District provided the Trustee shall not be required to deliver such new Certificates within a period less than sixty (60) days from the date of receipt of such a written request of a District Representative. (c) In the case of partial redemption or an advance refunding of any Certificates evidencing all of the principal maturing in a particular year, The Depository Trust Company shall, at the District’s expense, deliver the Certificates to the Trustee for cancellation and re- registration to reflect the amounts of such reduction in principal. (d) The District and the Trustee shall be entitled to treat the person in whose name any Certificate is registered as the absolute Owner thereof for all purposes of this Trust Agreement and any applicable laws, notwithstanding any notice to the contrary received by the Trustee or the District and the District and the Trustee shall have no responsibility for the accuracy of any records maintained by DTC or any participant in DTC or transmitting payments to, communication with, notifying or otherwise dealing with any beneficial owners of the Certificates. Neither the District nor the Trustee will have any responsibility or obligations, legal or otherwise, to the beneficial owners or to any other party including The Depository Trust Company or its successor (or substitute depository or its successor), except for the registered owner of any Certificate. (e) So long as all outstanding Certificates are registered in the name of Cede & Co. or its registered assign, the District and the Trustee shall reasonably cooperate with Cede & Co., as sole registered Owner, or its registered assign in effecting payment of the principal and redemption premium, if any, and interest due with respect to the Certificates by arranging for payment in such manner that funds for such payments are properly identified and are made immediately available on the date they are due. (f) So long as all Outstanding Certificates are registered in the name of Cede & Co. or its registered assigns (hereinafter, for purposes of this paragraph (f), the “Owner”): (i) All notices and payments addressed to the Owners shall contain the Certificates’ CUSIP number. (ii) Notices to the Owner shall be forwarded in the manner set forth in the form of Blanket Issuer Letter of Representations executed by the District and received and accepted by The Depository Trust Company.

Use of Depository. Notwithstanding any provision of this Trust Agreement to the contrary: (ai) At the request of the Original Purchaser, the The Certificates shall be registered initially executed and delivered registered in the name of “Cede & Co.,” as nominee of The Depository Trust CompanyDTC, the depository designated by the Original Purchaser, and shall be evidenced by one Certificate with all Certificates maturing on each the same maturity date and bearing the same interest rate in the form of the maturity dates set forth in Section 2.03 hereof to be in a denomination corresponding to the total principal therein designated to mature on such datesingle certificate. Registered ownership Ownership of such immobilized Certificates, or any portions thereof, may not thereafter be transferred except: except (iA) to any successor of The Depository Trust Company DTC or its nominee, or of any substitute depository designated pursuant to paragraph (ii) of this subsection (a) (“substitute depository”); provided that any such successor of The Depository Trust Company or substitute depository shall be qualified under any applicable laws to provide the service proposed to be provided by it; ; (iiB) to any substitute depository designated appointed by the Committee pursuant to subsection (ii) below or such substitute depository’s successor; or (C) to any person as provided in a written request of the District, upon subsection (iiv) below. (ii) Upon the resignation of The Depository Trust Company DTC or its successor (or any substitute depository or its successor) from its functions as depository or (ii) a determination by the District that The Depository Trust Company Committee to discontinue the system of book-entry transfers through DTC or its successor is no longer able to carry out (or any substitute depository or its functions as successor), the Committee may hereafter appoint a substitute depository; provided that any . Any such substitute depository shall be qualified under any applicable laws to provide the services proposed to be provided by it; or. (iii) to any person as provided below, upon (A) the resignation of The Depository Trust Company or its successor (or any substitute depository or its successor) from its functions as depository or (B) a determination by the District that The Depository Trust Company or its successor is no longer able to carry out its functions as depository; provided that no substitute depository which is not objected to by the District and the Trustee can be obtained. (b) In the case of any transfer pursuant to paragraph clause (iA) or paragraph (iiB) of subsection (ai) of this Section 2.14above, the Trustee shall, upon receipt of all Outstanding Certificates by the Trusteeoutstanding Certificates, together with a written request on behalf of a District Representative to the TrusteeCommittee, issue a single new Certificate shall be executed and delivered for each maturity of such Certificate the immobilized Certificates then outstandingOutstanding, registered in the name of such successor or such substitute depository depository, or their nominees, as the case may be, all as specified in such written request of a District Representative. In the case of any transfer pursuant to paragraph (iii) of subsection (a) of this Section 2.14, upon receipt of all Outstanding Certificates by the Trustee together with a written request of a District Representative, new Certificates shall be executed and delivered in such denominations and registered in the names of such persons as are requested in a written request of the District provided the Trustee shall not be required to deliver such new Certificates within a period less than sixty (60) days from the date of receipt of such a written request of a District Representativerequest. (civ) In the case of partial redemption or an advance refunding of any Certificates evidencing all of the principal maturing in a particular year, The Depository Trust Company shall, at the District’s expense, deliver the Certificates to the Trustee for cancellation and re- registration to reflect the amounts of such reduction in principal. event that (dA) The District and the Trustee shall be entitled to treat the person in whose name any Certificate is registered as the absolute Owner thereof for all purposes of this Trust Agreement and any applicable laws, notwithstanding any notice to the contrary received by the Trustee or the District and the District and the Trustee shall have no responsibility for the accuracy of any records maintained by DTC or any participant in DTC or transmitting payments to, communication with, notifying or otherwise dealing with any beneficial owners of the Certificates. Neither the District nor the Trustee will have any responsibility or obligations, legal or otherwise, to the beneficial owners or to any other party including The Depository Trust Company or its successor (or substitute depository or its successor)) resigns from its functions as depository, except for and no substitute depository can be obtained, or (B) the registered owner State determines that it is in the best interest of the Beneficial Owners of any Certificate. (e) So long as all outstanding Certificates are registered in the name that Owners of Cede & Co. or its registered assign, the District and the Trustee shall reasonably cooperate with Cede & Co., as sole registered Owner, or its registered assign in effecting payment of the principal and redemption premium, if any, and interest due with respect Certificates be able to the Certificates by arranging for payment in such manner that funds for such payments are properly identified and are made immediately available on the date they are due. (f) So long as all Outstanding Certificates are registered in the name of Cede & Co. or its registered assigns (hereinafter, for purposes of this paragraph (f), the “Owner”): (i) All notices and payments addressed to the Owners shall contain the Certificates’ CUSIP number. (ii) Notices to the Owner shall be forwarded in the manner set forth obtain those certificates in the form of Blanket Issuer Letter the Certificates, the ownership of Representations executed the Certificates may then be transferred to any person or entity as herein provided, and shall no longer be held in fully immobilized form. The State shall deliver a written request to the Trustee, together with a supply of definitive Certificates for that Series to issue Certificates as herein provided in any Authorized Denomination. Upon receipt by the District Trustee of all then outstanding Certificates of that Series, together with a written request on behalf of the State to the Trustee, new Certificates of the same Series shall be issued in the appropriate denominations and received and accepted by The Depository Trust Companyregistered in the names of those persons as are identified in such written request.

Use of Depository. Notwithstanding any provision of this Trust Agreement to the contrary: (a) At the request of the Original Purchaser, the The Certificates shall be initially executed executed, delivered and delivered registered in the name of “Cede & Co.,” as nominee of The Depository Trust Company, the depository designated by the Original Purchaser, and shall be evidenced by one Certificate maturing on each of the maturity dates set forth in Section 2.03 hereof to be in a denomination corresponding to the total principal therein designated to mature on such date. Registered ownership of such Certificates, or any portions thereof, may not thereafter be transferred except: (i) to any successor of The Depository Trust Company or its nominee, or of any substitute depository designated pursuant to paragraph (ii) of this subsection (a) (“substitute depository”); provided that any successor of The Depository Trust Company or substitute depository shall be qualified under any applicable laws to provide the service proposed to be provided by it; (ii) to any substitute depository designated in a written request of the DistrictCity, upon upon (iA) the resignation of The Depository Trust Company or its successor (or any substitute depository or its successor) from its functions as depository or (iiB) a determination by the District City that The Depository Trust Company or its successor is no longer able to carry out its functions as depository; provided that any such substitute depository shall be qualified under any applicable laws to provide the services proposed to be provided by it; or (iii) to any person as provided below, upon (A) the resignation of The Depository Trust Company or its successor (or any substitute depository or its successor) from its functions as depository or (B) a determination by the District City that The Depository Trust Company or its successor is no longer able to carry out its functions as depository; provided that no substitute depository which is not objected to by the District City and the Trustee can be obtained. (b) In the case of any transfer pursuant to paragraph (i) or paragraph (ii) of subsection (a) of this Section 2.14, upon receipt of all Outstanding Certificates by the Trustee, together with a written request of a District City Representative to the Trustee, a single new Certificate shall be executed and delivered for each maturity of such Certificate then outstanding, registered in the name of such successor or such substitute depository or their nominees, as the case may be, all as specified in such written request of a District City Representative. In the case of any transfer pursuant to paragraph (iii) of subsection (a) of this Section 2.14, upon receipt of all Outstanding Certificates by the Trustee together with a written request of a District City Representative, new Certificates shall be executed and delivered in such denominations and registered in the names of such persons as are requested in a written request of the District City provided the Trustee shall not be required to deliver such new Certificates within a period less than sixty (60) days from the date of receipt of such a written request of a District City Representative. (c) In the case of partial redemption or an advance refunding of any Certificates evidencing all of the principal maturing in a particular year, The Depository Trust Company shall, at the DistrictCity’s expense, deliver the Certificates to the Trustee for cancellation and re- registration to reflect the amounts of such reduction in principal. (d) The District City and the Trustee shall be entitled to treat the person in whose name any Certificate is registered as the absolute Owner thereof for all purposes of this Trust Agreement and any applicable laws, notwithstanding any notice to the contrary received by the Trustee or the District City and the District City and the Trustee shall have no responsibility for the accuracy of any records maintained by DTC or any participant in DTC or transmitting payments to, communication with, notifying or otherwise dealing with any beneficial owners of the Certificates. Neither the District City nor the Trustee will have any responsibility or obligations, legal or otherwise, to the beneficial owners or to any other party including The Depository Trust Company or its successor (or substitute depository or its successor), except for the registered owner of any Certificate. (e) So long as all outstanding Certificates are registered in the name of Cede & Co. or its registered assign, the District City and the Trustee shall reasonably cooperate with Cede & Co., as sole registered Owner, or its registered assign in effecting payment of the principal and redemption premium, if any, and interest due with respect to the Certificates by arranging for payment in such manner that funds for such payments are properly identified and are made immediately available on the date they are due, in accordance with the Letter of Representations between DTC and the Trustee. (f) So long as all Outstanding Certificates are registered in the name of Cede & Co. or its registered assigns (hereinafter, for purposes of this paragraph (f), the “Owner”): (i) All notices and payments addressed to the Owners shall contain the Certificates’ CUSIP number. (ii) Notices to the Owner shall be forwarded in the manner set forth in the form of Blanket Issuer Letter DTC’s standard form blanket issuer letter of Representations representations executed by the District City and received and accepted by The Depository Trust CompanyDTC.

Use of Depository. Notwithstanding Except as may be provided by Supplemental Indenture and notwithstanding any provision of this Trust Agreement the Indenture to the contrary: (a) At The Bonds shall initially be evidenced by one Bond for each year in which the request Bonds mature in denominations equal to the aggregate principal amount of the Original Purchaser, the Certificates Bonds maturing in that year. Such Bonds shall be initially executed and delivered registered in the name of “"Cede & Co.,” " as nominee of for The Depository Trust Company, the depository designated by Depository for the Original Purchaser, and shall be evidenced by one Certificate maturing on each of the maturity dates set forth in Section 2.03 hereof to be in a denomination corresponding to the total principal therein designated to mature on such dateBonds. Registered ownership of such Certificatesthe Bonds, or any portions thereof, may not thereafter be transferred except: (i) to To any successor of The Depository Trust Company or its nominee, or of to any substitute depository Depository designated pursuant to paragraph clause (ii) of this subsection (a) (“substitute depository”"Substitute Depository"); provided that any successor of The Depository Trust Company or substitute depository shall be qualified under any applicable laws to provide the service proposed to be provided by it; (ii) to To any substitute depository designated in a written request of Depository not objected to by the DistrictTrustee, upon (i1) the resignation of The Depository Trust Company or its successor (or any substitute depository or its successor) from its functions as depository Depository, or (ii2) a determination by the District Authority that The Depository Trust Company or its successor (or any Substitute Depository or its successor) is no longer able to carry out its functions as depositoryDepository; provided that any such substitute depository Substitute Depository shall be qualified under any applicable laws to provide the services proposed to be provided by it; or (iii) to To any person as provided below, upon (A1) the resignation of The Depository Trust Company or its successor (or any substitute depository Substitute Depository or its successor) from its functions as depository Depository; provided that no Substitute Depository which is not objected to by the Trustee can be obtained, or (B2) a determination by the District Authority that it is in the best interests of the Authority to remove The Depository Trust Company or its successor is no longer able to carry out (or any Substitute Depository or its functions successor) from its function as depository; provided that no substitute depository which is not objected to by the District and the Trustee can be obtainedDepository. (b) In the case of any transfer pursuant to paragraph clause (i) or paragraph clause (ii) of subsection (a2.4(a) of this Section 2.14hereof, upon receipt of all Outstanding Certificates Bonds by the Trustee, together with a written request Certificate of a District Representative the Authority to the Trustee, a single new Certificate Bond for each maturity shall be executed and delivered for each maturity of such Certificate then outstandingdelivered, registered in the name of such successor or such substitute depository Substitute Depository, or their nominees, as the case may be, all as specified in such written request Certificate of a District Representativethe Authority. In the case of any transfer pursuant to paragraph clause (iii) of subsection (a2.4(a) of this Section 2.14hereof, upon receipt of all Outstanding Certificates Bonds by the Trustee together with a written request Certificate of a District Representativethe Authority to the Trustee, new Certificates Bonds shall be executed and delivered in such denominations and registered in the names of such persons as are requested in a written request such Certificate of the District Authority; provided the Trustee shall not be required to deliver such new Certificates Bonds within a period less than sixty (60) 60 days from the date of receipt of such a written request Certificate of a District Representativethe Authority. (c) In the case of partial redemption redemption, cancellation or an advance refunding of any Certificates evidencing all of the principal Bonds maturing in a particular year, The Depository Trust Company shall, at shall make an appropriate notation on such Bonds indicating the District’s expense, deliver the Certificates to the Trustee for cancellation date and re- registration to reflect the amounts of such reduction in principal, in form acceptable to the Trustee. (d) The District Authority and the Trustee shall be entitled to treat the person in whose name any Certificate Bond is registered as the absolute Owner thereof for all purposes of this Trust Agreement the Indenture and any applicable laws, notwithstanding any notice to the contrary received by the Trustee or the District Authority; and the District Authority and the Trustee shall have no responsibility for the accuracy of any records maintained by DTC or any participant in DTC or transmitting payments to, communication communicating with, notifying notifying, or otherwise dealing with any beneficial owners of the CertificatesBonds. Neither the District Authority nor the Trustee will have any responsibility or obligations, legal or otherwise, to the beneficial owners or to any other party including The Depository Trust Company or its successor (or substitute depository Substitute Depository or its successor), except for the registered owner Owner of any CertificateBond. (e) So long as all outstanding Certificates Bonds are registered in the name of "Cede & Co. Co." or its registered assign, the District Authority and the Trustee shall reasonably cooperate with "Cede & Co.", as sole registered Owner, or and its registered assign assigns in effecting payment of the principal and principal, redemption premium, if any, and interest due with respect to on the Certificates Bonds by arranging for payment in such manner that funds for such payments are properly identified and are made immediately available on the date they are due. (f) So long as all Outstanding Certificates are registered in the name of Cede & Co. or its registered assigns (hereinafter, for purposes of this paragraph (f), the “Owner”): (i) All notices and payments addressed to the Owners shall contain the Certificates’ CUSIP number. (ii) Notices to the Owner shall be forwarded in the manner set forth in the form of Blanket Issuer Letter of Representations executed by the District and received and accepted by The Depository Trust Company.

Use of Depository. Notwithstanding any provision of this the Trust Agreement or this Third Supplement to the contrary: (aA) At the request of the Original PurchaserThe Series 2024 Bonds shall be issued in fully registered form, the Certificates in authorized denominations and shall be initially executed and delivered registered in the name of “Cede & Co.,” ”, as nominee of The Depository Trust Company, Company (the depository designated by the Original Purchaser“Securities Depository”), and shall be evidenced by one Certificate Series 2024 Bond maturing on each of the maturity dates as set forth in Section 2.03 hereof to be subsection 14.02(C) in a denomination corresponding to the total principal therein designated to mature on amount of the Series 2024 Bonds of such datematurity. Each Series 2024 Bond shall be assigned by the Trustee a distinctive number or letter or letter and number, and a record of the same shall be maintained by the Trustee. Registered ownership of such Certificatesthe Series 2024 Bonds, or any portions thereof, may not thereafter be transferred except: (i) to To any successor of The Depository Trust Company or its nominee, or of to any substitute depository designated pursuant to paragraph clause (ii) of this subsection (aA) (a “substitute depositorySubstitute Depository”); provided that any successor of The Depository Trust Company or substitute depository Substitute Depository shall be qualified under any applicable laws to provide the service services proposed to be provided by it; (ii) To any Substitute Depository not objected to any substitute depository designated in a written request of by the DistrictTrustee, upon (i1) the resignation of The Depository Trust Company or its successor (or any substitute depository Substitute Depository or its successor) from its functions as depository depository, or (ii2) a determination by the District Authority that The Depository Trust Company or its successor (or any Substitute Depository or its successor) is no longer able to carry out its functions as depository; provided that any such substitute depository Substitute Depository shall be qualified under any applicable laws to provide the services proposed to be provided by it; or (iii) to To any person as provided below, upon (A1) the resignation of The Depository Trust Company or its successor (or any substitute depository Substitute Depository or its successor) from its functions as depository depository; provided that no Substitute Depository which is not objected to by the Trustee can be obtained, or (B2) a determination by the District Authority that it is in the best interests of the Authority to remove The Depository Trust Company or its successor is no longer able to carry out (or any Substitute Depository or its functions successor) from its function as depository; provided that no substitute depository which is not objected to by the District and the Trustee can be obtained. (bB) In the case of any transfer pursuant to paragraph clause (i) or paragraph clause (ii) of subsection (a) of this Section 2.1414.12(A), upon receipt of all Outstanding Certificates Series 2024 Bonds by the Trustee, together with a written request Certificate of a District Representative the Authority to the Trustee, a single new Certificate Series 2024 Bond for each maturity shall be executed and delivered for each maturity of such Certificate then outstandingdelivered, registered in the name of such successor or such substitute depository Substitute Depository, or their nominees, as the case may be, all as specified in such written request Certificate of a District Representativethe Authority. In the case of any transfer pursuant to paragraph clause (iii) of subsection (a14.12(A) of this Section 2.14hereof, upon receipt of all Outstanding Certificates Series 2024 Bonds by the Trustee together with a written request Certificate of a District Representativethe Authority to the Trustee, new Certificates Series 2024 Bonds shall be executed and delivered in such denominations and registered in the names of such persons as are requested in such a written request Certificate of the District Authority, subject to the limitations of Section 14.02 hereof; provided the Trustee shall not be required to deliver such new Certificates Series 2024 Bonds within a period less than sixty (60) 60 days from the date of receipt of such a written request Certificate of a District Representativethe Authority. (cC) In the case of partial redemption redemption, cancellation or an advance refunding of any Certificates Series 2024 Bonds evidencing all or a portion of the principal maturing in a particular year, The Depository Trust Company shall, at shall make an appropriate notation on the District’s expense, deliver Series 2024 Bonds indicating the Certificates to the Trustee for cancellation date and re- registration to reflect the amounts of such reduction in principal, in form acceptable to the Trustee. (dD) The District Authority and the Trustee shall be entitled to treat the person in whose name any Certificate Series 2024 Bond is registered as the absolute Owner Holder thereof for all purposes of this the Trust Agreement and any applicable laws, notwithstanding any notice to the contrary received by the Trustee or the District Authority; and the District Authority and the Trustee shall have no responsibility for the accuracy of any records maintained by DTC or any participant in DTC or transmitting payments to, communication with, notifying notifying, or otherwise dealing with any beneficial owners of the CertificatesSeries 2024 Bonds. Neither the District Authority nor the Trustee will have any responsibility or obligations, legal or otherwise, to the beneficial owners or to any other party including The Depository Trust Company or its successor (or substitute depository Substitute Depository or its successor), except for to the registered owner Holder of any CertificateSeries 2024 Bond. (eE) So long as all outstanding Certificates Outstanding Series 2024 Bonds are registered in the name of “Cede & Co. Co.” or its registered assign, the District Authority and the Trustee shall reasonably cooperate with “Cede & Co., ,” as sole registered OwnerHolder, or and its registered assign assigns in effecting payment of the principal of and redemption premium, if any, and interest due with respect to on the Certificates Series 2024 Bonds by arranging for payment in such manner that funds for such payments are properly identified and are made immediately available on the date they are due. (f) So long as all Outstanding Certificates are registered in the name of Cede & Co. or its registered assigns (hereinafter, for purposes of this paragraph (f), the “Owner”): (i) All notices and payments addressed to the Owners shall contain the Certificates’ CUSIP number. (ii) Notices to the Owner shall be forwarded in the manner set forth in the form of Blanket Issuer Letter of Representations executed by the District and received and accepted by The Depository Trust Company.

Use of Depository. Notwithstanding any provision of this Trust Agreement the Indenture to the contrary: (a) At the request of the Original Purchaser, the Certificates The Bonds shall be initially executed and delivered issued in book-entry form as provided in Section 2.02. The Bonds will be initially registered in the name of “Cede & Co.,” , as nominee of The Depository Trust Company, the depository designated by the Original Purchaser, and shall be evidenced by one Certificate maturing on each of the maturity dates set forth in Section 2.03 hereof to be in a denomination corresponding to the total principal therein designated to mature on such dateDepository. Registered ownership of such Certificatesthe Bonds, or any portions portion thereof, may not thereafter be transferred except: (i) to To any successor of The the Depository Trust Company or its nominee, or of to any substitute depository designated pursuant to paragraph clause (ii) of this subsection (a) (a “substitute depository”); provided that any successor of The the Depository Trust Company or substitute depository shall be qualified under any applicable laws to provide the service proposed to be provided by it; (ii) to To any substitute depository designated in a written request by the Authority (at the direction of the DistrictCorporation) and not objected to by the Trustee, upon (i1) the resignation of The the Depository Trust Company or its successor (or any substitute depository or its successor) from its functions as depository or (ii2) a determination by the District Authority (with the concurrence of the Corporation) that The the Depository Trust Company or its successor (or any substitute depository or its successor) is no longer able to carry out its functions as depository; provided that any such substitute depository shall be qualified under any applicable laws to provide the services proposed to be provided by it; or (iii) to To any person as provided below, upon (A1) the resignation of The the Depository Trust Company or its successor (or any substitute depository or its successor) from its functions as depository or (B) a determination by the District that The Depository Trust Company or its successor is no longer able to carry out its functions as depository; provided that no substitute depository which is not objected to by the District and the Trustee can be obtainedobtained or (2) a determination by the Authority that it is in the best interests of the Authority to remove the Depository or its successor (or any substitute depository or its successor) from its functions as depository. (b) In the case of any transfer pursuant to paragraph clause (i) or paragraph clause (ii) of subsection (a) of this Section 2.14hereof, upon receipt of all the Outstanding Certificates Bonds by the Trustee, together with a written request Certificate of a District Representative the Authority to the Trustee, a single new Certificate shall be executed and delivered Bond for each maturity of Bonds then outstanding shall be authenticated and delivered in the aggregate principal amount of the Bonds of each such Certificate respective maturity then outstandingOutstanding, registered in the name of such successor or such substitute depository depository, or their nominees, as the case may be, all as specified in such written request Certificate of a District Representativethe Authority. In the case of any transfer pursuant to paragraph clause (iii) of subsection (a) of this Section 2.14hereof, upon receipt of all the Outstanding Certificates Bonds by the Trustee together with a written request of a District RepresentativeTrustee, new Certificates Bonds shall be executed authenticated and delivered in such denominations numbered in consecutive order and registered in the names of such persons as are requested in such a written request Certificate of the District Authority, subject to the limitations of Section 2.02 hereof, provided the Trustee shall not be required to deliver such new Certificates Bonds within a period less than sixty (60) days from the date of receipt of such a written request Certificate of a District Representativethe Authority. (c) In the case of partial redemption or an advance refunding of any Certificates the Bonds evidencing all or a portion of the principal maturing in a particular yearamount Outstanding, The the Securities Depository Trust Company shall, at shall make an appropriate notation on the District’s expense, deliver Bonds indicating the Certificates to the Trustee for cancellation date and re- registration to reflect the amounts of such reduction in principal. (d) The District Authority, the Corporation and the Trustee shall be entitled to treat the person in whose name any Certificate Bond is registered as the absolute Owner thereof for all purposes of this Trust Agreement the Indenture and any applicable laws, notwithstanding any notice to the contrary received by the Trustee or the District Authority; and neither the District and Authority, the Corporation nor the Trustee shall have no any responsibility for the accuracy of any records maintained by DTC or any participant in DTC or transmitting payments to, communication with, notifying notifying, or otherwise dealing with any beneficial owners of the CertificatesBonds. Neither the District Authority nor the Trustee will have any responsibility or obligations, legal or otherwise, to the beneficial owners or to any other party including The the Depository Trust Company or its successor (or any substitute depository or its successor), except for the registered owner Owner of any CertificateBond. (e) So long as all the outstanding Certificates Bonds are registered in the name of Cede & Co. or its registered assignassigns, the District Authority and the Trustee shall reasonably cooperate with Cede & Co., as sole registered Owner, or and its registered assign assigns in effecting payment of the principal and redemption premiumof, if any, Redemption Price and interest due with respect to on the Certificates Bonds by arranging for payment in such manner that funds for such payments are properly identified and are made immediately available on the date they are due. (f) So long as all Outstanding Certificates are registered in the name of Cede & Co. or its registered assigns (hereinafter, for purposes of this paragraph (f), the “Owner”): (i) All notices and payments addressed to the Owners shall contain the Certificates’ CUSIP number. (ii) Notices to the Owner shall be forwarded in the manner set forth in the form of Blanket Issuer Letter of Representations executed by the District and received and accepted by The Depository Trust Company.