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F <br />thereof, with transfers of ownership effected on the records of <br />DTC and its participants pursuant to rules and procedures <br />established by DTC and its participants. The principal of and <br />any redemption premium on each Bond shall be payable to Cede & <br />Co. or any other person appearing on the registration books of <br />the Issuer hereinafter provided for as the registered owner of <br />such Bond or his registered assigns or legal representative at <br />such office of the Bond Registrar mentioned hereinafter or such <br />other place as the Issuer may determine upon the presentation and <br />surrender thereof as the same shall become due and payable. <br />Payment of the interest on each Bond shall be made by the Bond <br />Registrar on each interest payment date to the registered owner <br />of such Bond (or the previous Bond or Bonds evidencing the same <br />debt as that evidenced by such Bond) at the close of business on <br />the record date for such interest, which shall be the 15th day <br />(whether or not a business day) of the calendar month next <br />preceding such interest payment date, by check mailed to such <br />person at his address as it appears on such registration books. <br />Transfer of principal, interest and any redemption premium <br />payments to participants of DTC will be the responsibility of <br />DTC, and transfer of principal, interest and any redemption <br />premium payments to beneficial owners of the Bonds by <br />participants of DTC will be the responsibility of such <br />participants and other nominees of such beneficial owners. The <br />Issuer will not be responsible or liable for such transfers of <br />payments or for maintaining, supervising or reviewing records <br />4 <br />