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purchaser of the 2025 Bonds (the `Beneficial Owner") is in turn to be recorded on the Direct and Indirect <br /> Participants ' records . Beneficial Owners will not receive written confirmation from DTC of their purchase . <br /> Beneficial Owners are , however, expected to receive written confirmations providing details of the <br /> transaction , as well as periodic statements of their holdings, from the Direct or Indirect Participants through <br /> which the Beneficial Owner entered into the transaction . Transfers of ownership interests in the 2025 Bonds <br /> are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of <br /> Beneficial Owners of such 2025 Bonds , Beneficial Owners will not receive certificates representing their <br /> ownership interests in 2025 Bonds , except in the event that use of the book-entry system for such 2025 <br /> Bonds is discontinued . <br /> To facilitate subsequent transfers , all 2025 Bonds deposited by Direct Participants with DTC are <br /> registered in the name of DTC ' s partnership nominee , Cede & Co . or such name as may be requested by <br /> an authorized representative of DTC . The deposit of 2025 Bonds with DTC and their registration in the <br /> name of Cede & Co . or such other nominee do not effect any change in beneficial ownership . DTC has no <br /> knowledge of the identities of the actual Beneficial Owners of the 2025 Bonds ; DTC ' s records reflect only <br /> the identity of the Direct Participants to whose accounts such 2025 Bonds are credited , which may or may <br /> not be the Beneficial Owners . The Direct and Indirect Participants will remain responsible for keeping <br /> account of their holdings on behalf of their customers . <br /> Conveyance of notices and other communications by DTC to Direct Participants, by Direct <br /> Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial <br /> Owners will be governed by arrangements among them , subject to any statutory or regulatory requirements <br /> as may be in effect from time to time . Beneficial Owners of the 2025 Bonds may wish to take certain steps <br /> to augment transmission to them of notices of significant events with respect to such 2025 Bonds , such as <br /> redemptions , defaults and proposed amendments to the security documents . For example, Beneficial <br /> Owners of the 2025 Bonds may wish to ascertain that the nominee holding such 2025 Bonds for their benefit <br /> has agreed to obtain and transmit notices to Beneficial Owners . In the alternative, Beneficial Owners may <br /> wish to provide their names and addresses to the registrar and request that copies of notices be provided <br /> i <br /> directly to them . <br /> r <br /> i <br /> Redemption notices shall be sent to DTC . If less than all of the 2025 Bonds within a maturity are <br /> being redeemed, DTC ' s practice is to determine by lot the amount of the interest of each Direct Participant <br /> in the 2025 Bonds of such maturity to be redeemed . <br /> 1 <br /> 3 <br /> Neither DTC nor Cede & Co . (nor such other DTC nominee) will consent or vote with respect to <br /> the 2025 Bonds unless authorized by a Direct Participant in accordance with DTC ' s procedures . Under its <br /> usual procedures , DTC mails an Omnibus Proxy to the Trustee as soon as possible after the record date . <br /> The Omnibus Proxy assigns Cede & Co . ' s consenting and voting rights to those Direct Participants to <br /> whose accounts such 2025 Bonds are credited on the record date ( identified in a listing attached to the <br /> Omnibus Proxy) . <br /> Because DTC is treated as the owner of the 2025 Bonds for substantially all purposes under the <br /> Trust Agreement, Beneficial Owners may have a restricted ability to influence in a timely fashion remedial <br /> action or the giving or withholding of requested consents or other directions . In addition, because the <br /> identity of Beneficial Owners is unknown to the County, to DTC or to the Trustee , it may be difficult to <br /> transmit information of potential interest to Beneficial Owners in an effective and timely manner . <br /> Beneficial Owners should make appropriate arrangements with their broker or dealer regarding <br /> distribution of information regarding the 2025 Bonds that may be transmitted by or through DTC . <br /> Principal , premium , if any, and interest payments on the 2025 Bonds will be made to Cede & Co . , <br /> or such other nominee as may be requested by an authorized representative of DTC . DTC ' s practice is to 3 <br /> E-2 <br />