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interest payment date occasioned by the redemption of Bonds on other than the first day of a <br /> month. The principal of or redemption price due on the Bonds shall be payable in lawful money <br /> of the United States of America upon presentation thereof at the principal corporate trust office <br /> of the Paying Agent. <br /> Section 5. Global Book-Entry System. The Bonds shall be initially issued in the form <br />' of a sepazate single fully registered Bond for each of the maturities of the Bonds as provided in <br /> the Bond Notification, and the ownership of each such Bond shall be registered in the Bond <br /> Register in the name of Cede & Co., or any successor thereto ("Cede"), as nominee of The <br /> Depository Trust Company,New York,New York, and its successors and assigns ("DTC"). All <br /> of the outstanding Bonds shall be registered in the Bond Register in the name of Cede, as <br /> nominee of DTC, except as hereinafter provided. The Mayor, Treasurer and Clerk of the City <br /> are hereby authorized to execute and deliver on behalf of the City such letters to or agreements <br /> 'str as sha11 be necess to effectuate such book-en s stem <br /> with DTC and the Bond Regi az ary try y <br /> (any such letter or agreement being referred to herein as the "Representation Lener"). <br /> With respect to the Bonds registered in the Bond Register in the name of Cede, as <br /> nominee of DTC, the City and the Bond Registraz shall have no responsibility or obligation to <br /> any broker-dealer, bank or other financial institution for which DTC holds Bonds from time to <br /> time as securities depository (each such broker-dealer, bank or other �nancial institution being <br /> refened to herein as a "DTC Participant") or to any person on behalf of whom such a DTC <br /> Participant holds an interest in the Bonds. Without limiting the immediately preceding sentence, <br /> the City and the Bond Registrar shall have no responsibility or obligation with respect to (i) the <br /> accuracy of the records of DTC, Cede or any DTC Participant with respect to any ownership <br /> interest in the Bonds, (ii)the delivery to any DTC Participant or any other person, other than a <br /> registered owner of a Bond as shown in the Bond Register, of any notice with respect to the <br /> -7- <br />