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� t <br /> Bonds, including any notice of redemption, or (iii) the payment to any DTC Participant or any <br /> other person, other than a registered owner of a Bond as shown in the Bond Register, of any <br /> amount with respect to the principal of or interest on the Bonds. The City and the Bond <br /> Registrar may treat and consider the person in whose name each Bond is registered in the Bond <br /> Register as the holder and absolute owner of such Bond for the purpose of payment of principal <br /> and interest with respect to such Bond, for the purpose of giving notices of redemption and other <br /> matters with respect to such Bond, for the purpose of registering transfers with respect to such <br /> Bond, and for all other purposes whatsoever. The Bond Registrar shall pay all principal of and <br /> interest on the Bonds only to or upon the order of the respective registered owners of the Bonds, <br /> as shown in the Bond Register, or their respective attorneys duly authorized in writing, and all <br /> such payments shall be valid and effective to fully satisfy and discharge the City's obligations <br /> with respect to payment of the principal of and interest on the Bonds to the extent of the sum or <br /> sums so paid. No person other than a registered owner of a Bond as shown in the Bond Register, <br /> shall receive a Bond evidencing the obligation of the City to make payments of principal and <br /> interest with respect to any Bond. Upon delivery by DTC to the Bond Registrar of written notice <br /> to the effect that DTC has determined to substitute a new nominee in place of Cede, and subject <br /> to the provisions in Section 4 hereof with respect to the payment of interest to the registered <br /> owners of Bonds at the close of business on the 1st day of the month of the applicable interest <br /> payment date, the name "Cede" in this Ordinance shall refer to such new nominee of DTC. <br /> In the event that (i) the City determines that DTC is incapable of discharging its <br /> responsibilities described herein and in the Representation Letter, (ii) the agreement among the <br /> City, the Bond Registrar and DTC evidenced by the Representation Letter shall be terminated for <br /> any reason or (iii) the City determines that it is in the best interests of the beneficial owners of <br /> the Bonds that they be able to obtain certificated Bonds, the City shall notify DTC and DTC <br /> -22- <br />