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of business on the 15th day of the month next preceding the <br /> applicable interest payment date, the name "Kray" in this <br /> Ordinance shall refer to such new nominee of Midwest. <br /> In the event that ( i) the City determines that Midwest <br /> is incapable of discharging its responsibilities described herein <br /> and in the Representation Letter, ( ii) the agreement among the <br /> City, the Bond Registrar and Midwest evidenced by the Representa- <br /> tion Letter shall be terminated for any reason or ( iii ) the City <br /> determines that it is in the best interests of the beneficial <br /> owners of the Book-Entry Bonds that they be able to obtain cer- <br /> tificated Bonds, the City shall notify Midwest and Midwest Par- <br /> ticipants of the availability through Midwest of Bond certifi- <br /> cates and the Book-Entry Bonds shall no longer be restricted to <br /> being registered in the Bond Register in the name of Kray, as ' <br /> nominee of Midwest. At that time, the City may determine that <br /> the Book-Entry Bonds shall be registered in the name of and de- <br /> posited with such other depository operating a universal book- I <br /> entry system, as may be acceptable to the City, or such deposi- <br /> tory's agent or designee, and if the City does not select such I <br /> alternate universal book-entry system, then the Book-Entry Bonds ' <br /> may be registered in whatever name or names registered owners of ' <br /> Bonds transferring or exchanging Bonds shall designate, in I <br /> accordance with the provisions of Section 3(a) hereof. I', <br /> Notwithstanding any other provision of this Ordinance � <br /> to the contrary, all payments with respect to Compound Accreted <br /> -12- <br />