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' , <br /> . <br /> respect to such Bond, for the purpose of giving notices of redemption and other matters with <br /> respect to such Bond, for the purpose of registering transfers with respect to such Bond, and <br /> for all other purposes whatsoever. The Bond Registrar shall pay all principal of and interest <br /> on the Bonds only to or upon the order of the respective registered owners of the Bonds, as <br /> 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 <br /> or sums so paid. No person other than a registered owner of a Bond as shown in the Bond <br /> Register, shall receive a Bond evidencing the obligation of the City to make payments of <br /> principal and interest with respect to any Bond. Upon delivery by DTC to the Bond <br /> Registrar of written notice to the effect that DTC has determined to substitute a new <br /> nominee in place of Cede, and subject to the provisions in Section 4 hereof with respect to <br /> the payment of interest to the registered owners of Bonds at the close of business on the 15th <br /> day of the month next preceding the applicable interest payment date, the name "Cede" in <br /> 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 <br /> the City, the Bond Registrar and DTC evidenced by the Representation Letter shall be <br /> ternunated for any reason or (iii) the City determines that it is in the best interests of the <br /> beneficial owners of the Bonds that they be able to obtain certificated Bonds, the City shall <br /> notify DTC and DTC Participants of the availability through DTC of certificated Bonds and <br /> the Bonds shall no longer be restricted to being registered in the Bond Register in the name <br /> of Cede, as nominee of DTC. At that time, the City may deternune that the Bonds shall be <br /> registered in the name of and deposited with such other depository operating a universal <br /> -16- <br />