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dealer, bank or other financial institution for which DTC holds Bonds from time to time as <br /> securities depository (each such broker-dealer, bank or other financial institution being referred <br /> to herein as a "DTC Participant") or to any person on behalf of whom such a DTC Participant <br /> holds an interest in the Bonds. Without limiting the immediately preceding sentence, the City <br /> and the Bond Registrar shall have no responsibility or obligation with respect to (i) the accuracy <br /> of the records of DTC, Cede or any DTC Participant with respect to any ownership interest in the <br /> Bonds, (u) the delivery to any DTC Participant or any other person,other than a registered owner <br /> of a Bond as shown in the Bond Register, of any notice with respect to the Bonds, including any <br /> notice of reder�tion, or(iii) the payment to any DTC Participant or any other person, other than <br /> a registered owner of a Bond as shown in the Bond Register, of any amount with respect to the <br /> principal of or interest on the Bonds. The City and the Bond Registrar may treat and consider <br /> the person in whose name each Bond is registered in the Bond Register as the holder and <br /> absolute owner of such Bond for the purpose of payment of principal and interest with respect to <br /> such Bond, for the purpose of giving notices of redemption and other matters with respect to <br /> such Bond, for the purpose of registering transfers with respect to such Bond, and for all other <br /> purposes whatsoever. The Bond Registrar shall pay all principal of and interest on the Bonds <br /> only to or upon the order of the respective registered owners of the Bonds, as shown in the Bond <br /> Register, or their respective attorneys duly authorized in writing, and all such payments shall be <br /> valid and effective to fully satisfy and dischazge the Ciry's obligations with respect to payment <br /> of the principal of and interest on the Bonds to the extent of the sum or sums so paid. No person <br /> other than a re 'stered owner of a Bond as shown in the Bond Re ister shall receive a Bond <br /> P� g � <br /> evidencing the obligation of the City to make payments of principal and interest with respect to <br /> any Bond. Upon delivery by DTC to the Bond Registrar of written notice to the effect that DTC <br /> has determined to substitute a new nominee in place of Cede, and subject to the provisions in <br /> Section 4 hereof with respect to the payment of interest to the registered owners of Bonds at the <br /> -14- <br />