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DTC (or a successor securities depository) may discontinue providing its services as securities depository <br />with respect to the Bonds at any time by giving reasonable notice to the City. The City, in its sole discretion and <br />without the consent of any other person, may terminate the services of DTC (or a successor securities depository) <br />with respect to the Bonds. The City undertakes no obligation to investigate matters that would enable the City to <br />make such a determination. In the event that the book -entry system is discontinued as described above, the <br />requirements of the Indenture will apply. <br />THE CITY AND THE UNDERWRITER CANNOT AND DO NOT G17VE ANY ASSURANCES THAT <br />DTC, THE PARTICIPANTS OR OTHERS WILL DISTRIBUTE PAYMENTS OF PRINCIPAL, INTEREST <br />OR PREMIUM, IF ANY, WITH RESPECT TO THE BONDS PAID TO DTC OR ITS NOMINEE AS THE <br />REGISTERED OWNER, OR WILL DISTRIBUTE ANY REDEMPTION NOTICES OR OTHER NOTICES, <br />TO THE BENEFICIAL OWNERS, OR THAT THEY WILL DO SO ON A TIMELY BASIS OR WILL SERVE <br />AND ACT IN THE MANNER DESCRIBED IN THIS OFFICIAL STATEMENT. THE CITY AND THE <br />UNDERWRITER ARE NOT RESPONSIBLE OR LIABLE FOR THE FAILURE OF DTC OR ANY <br />PARTICIPANT TO MAKE ANY PAYMENT OR GIVE ANY NOTICE TO A BENEFICIAL OWNER WITH <br />RESPECT TO THE BONDS OR AN ERROR OR DELAY RELATING THERETO. <br />The information in this section concerning DTC and DTC's book -entry system has been obtained from <br />sources that the City deems reliable, but the City takes no responsibility for the accuracy thereof. <br />DTC may discontinue providing its services as securities depository with respect to the Bonds at any time <br />by giving reasonable notice to the City or the Trustee. Under such circumstances, in the event that a successor <br />securities depository is not obtained, bond certificates are required to be printed and delivered as described in the <br />Indenture. <br />The City may decide to discontinue use of the system of book -entry transfers through DTC (or a successor <br />securities depository). In that event, Bonds will be printed and delivered as described in the Indenture and payment <br />of interest to each Owner who owns of record $1,000,000 or more in aggregate principal amount of Bonds may <br />be made to such Owner by wire transfer to such wire address within the United States that such Owner may request <br />in writing for all Interest Payment Dates following the 15th day after the Trustee's receipt of such request. <br />55.42118 <br />