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127 <br /> purchaser of the 2026A 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 2026A <br /> Bonds are to be accomplished by entries made on the books of Direct and Indirect Participants acting on <br /> behalf of Beneficial Owners of such 2026A Bonds. Beneficial Owners will not receive certificates <br /> representing their ownership interests in 2026A Bonds,except in the event that use of the book-entry system <br /> for such 2026A Bonds is discontinued. <br /> To facilitate subsequent transfers, all 2026A 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 2026A 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 2026A Bonds; DTC's records reflect <br /> only the identity of the Direct Participants to whose accounts such 2026A Bonds are credited, which may <br /> or may not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible for <br /> keeping 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 2026A Bonds may wish to take certain <br /> steps to augment transmission to them of notices of significant events with respect to such 2026A Bonds, <br /> such as redemptions, defaults and proposed amendments to the security documents. For example, <br /> Beneficial Owners of the 2026A Bonds may wish to ascertain that the nominee holding such 2026A Bonds <br /> for their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative, <br /> Beneficial Owners may wish to provide their names and addresses to the registrar and request that copies <br /> of notices be provided directly to them. <br /> Redemption notices shall be sent to DTC. If less than all of the 2026A 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 2026A Bonds of such maturity to be redeemed. <br /> Neither DTC nor Cede & Co. (nor such other DTC nominee) will consent or vote with respect to <br /> the 2026A Bonds unless authorized by a Direct Participant in accordance with DTC's procedures. Under <br /> its 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 2026A 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 2026A 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 2026A Bonds that may be transmitted by or through DTC. <br /> Principal,premium,if any,and interest payments on the 2026A 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 <br /> E-2 <br />