Agenda - 03-02-2006-8bOS - Laserfiche WebLink

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file with the Securities and Exchange Commission. Vlore information about DTC can be found at www.dtcc.com and www.dtc.org. Purchases of the 2006A Certificates under the DTC system must be made by or through Direct Participants, which will receive a credit for the 2006A Certificates on DTC's records. The ownership interest of actual purchasers of the 2006A Certificates ("Benefrcicrl Owners") is in turn recorded on the Direct and Indirect Participants' records. Beneficial Owners will not receive written confirmation from DTC of their purchases. Beneficial Owners are, however, expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participants through which the Beneficial Owner entered into the transaction. Transfers of ownership interests in the 2006A Certificates are to lie accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of the Beneficial Owners. Beneficial Owners will not receive certificates representing their ownership interests in the 2006A Certificates, except in the event that use of the book-entry system for the 2006A Certificates is discontinued. To facilitate subsequent transfers, all 2006A Certificates deposited by Direct Participants with DTC are registered in the name of DTC's partnership nominee, Cede & Co., or such other name as may be requested by an authorized representative of DTC. The deposit of 2006A Certificates «~~ith DTC and their registration in the name of Cede & Co. or such other DTC nominee do not effect any change in beneficial ownership. DTC has no knowledge of the actual Beneficial Owners of the 2006A Certificates; DTC's records reflect only the identity of the Direct Participants to whose accounts the 2006A Certificates are credited, which may or may not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible for keeping account of their holdings on behalf of their customers. Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to Indirect Participants and by Direct and Indirect Participants to Beneficial Owners t~-ill be governed by arrangements among them, subject to any statutory or regulatory requirements as may be in effect from time to time. Beneficial O«~ners of the 2006A Certificates may «~ish to take certain steps to augment transmission to them of notices of significant events with respect to the 2006A Certificates, such as redemptions, tenders, defaults and proposed amendments to the security documents. Redemption notices will be sent to DTC. If less than all the 2006A Certificates within a maturity are being redeemed, DTC's practice is to determine by lot the amount of the interest of each Direct Participant in such maturity to be redeemed. Neither DTC nor Cede & Co. {nor any other DTC nominee) will consent or vote with respect to the 2006A Certificates. Under its usual procedures, DTC mails an Omnibus Proxy to the County as soon as possible after the record date. The Omnibus Proxy assigns Cede & Co.'s consenting or voting rights to those Direct Participants to whose accounts the 2006A Certificates are credited on the record date (identified in a listing attached to the Omnibus Proxy). Principal and interest payments with respect to the 2006A Certificates will be made to Cede & Co. or such other nominee as may be requested by an authorized representative of DTC. DTC's practice is to credit Direct Participants' accounts upon DTC's receipt of funds and C-883836v4 13361.00022 D-2