Agenda - 11-16-2010 - 4k - Laserfiche WebLink

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• If less than all of the Bonds are to be prepaid, they will be prepaid in such manner as the County may elect. If less than all the Bonds of any maturity are called for prepayment, the Trustee will select the Bonds to be prepaid by lot; provided, however, . that so long as a book-entry system with DTC is used for recording beneficial ownership of Bonds, if less than all of the Bonds within a maturity are to be prepaid, DTC and its participants will determine which of the Bonds within any such maturity are to be prepaid. In any case, (1) the portion of any Bond to be prepaid will be in the principal amount of $5,000 or some multiple thereof, and (2) in selecting Bonds for prepayment, each Bond will be considered as representing that number of Bonds which is obtained by dividing the principal amount of such Bond by $5,000. If a portion of a Bond will be called for prepayment, a new Bond in principal amount equal to the unpaid portion thereof will be issued to the Owner upon the surrender thereof. The Trustee will send notice of prepayment by registered or certified mail to DTC or its nominee as the Owner of the Bonds. The Trustee will mail such notice not more than 60 days nor less than 30 days prior to the date fixed for prepayment. Neither the Trustee, the Company nor the County is responsible for sending notices of prepayment to anyone other than DTC or its nominee. If on or before the date fixed for .prepayment funds have been deposited with the Trustee to pay the principal and interest accrued to the prepayment date with respect to the Bonds called for prepayment, the Bonds or portions thereof thus called for prepayment will cease to accrue interest from and after the prepayment date, will no longer be entitled to the benefits provided by the Trust Agreement and will not be deemed to be Outstanding under the Trust Agreement. The Owner of this Bond has no right to enforce the provisions of the Trust Agreement or to institute action to enforce the covenants therein, or to take any action with respect to any event of default thereunder, or to institute, appear in or defend any suit or other proceeding with respect thereto, except as provided in the Trust Agreement. Changes to or supplements of the Trust Agreement may be made to the extent and in the circumstances permitted by the Trust Agreement. The Bonds are issuable only as fully-registered Bonds without coupons in denominations of $5,000 principal amount and any integral multiple thereof. Ownership of this Bond will be registered on the Bond Register (as defined in the Trust Agreement) to be kept for that purpose by the Trustee, which will act as Bond registrar for the Bonds. This Bond may be exchanged, and its transfer may be effected, only by the Owner hereof in person or by attorney duly authorized in writing at the aforesaid office of the Trustee, • but only in the manner, subject to the limitations and upon payment of the charges provided in the Trust Agreement, and upon surrender and cancellation of this Bond. Upon exchange or registration of such transfer a new registered Bond or Bonds of the same maturity and interest rate and of authorized denomination or denominations for the same aggregate principal amount will be issued in exchange therefor. 40