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<br />the United States or of any state thereof, (ii) authorized under such laws to exercise <br />trust powers, (iii) subject to supervision or examination by a federal or state <br />governmental authority, and (iv) a single entity. <br /> <br />Section 5.03. Maintaining Paying Agent/Registrar. <br /> <br />(a) At all times while any Certificates are outstanding, the City will <br />maintain a Paying Agent/Registrar that is qualified under Section 5.02 of this <br />Ordinance. <br /> <br />(b) If the Paying Agent/Registrar resigns or otherwise ceases to serve as <br />such, the City will promptly appoint a replacement. <br /> <br />Section 5.04. Termination. <br /> <br />The City reserves the right to terminate the appointment of any Paying <br />Agent/Registrar by delivering to the entity whose appointment is to be terminated a <br />certified copy of a resolution of the City (i) giving notice of the termination of the <br />appointment and of the Paying Agent/Registrar Agreement, stating the effective <br />date of such termination, and (ii) appointing a successor Paying Agent/Registrar. <br /> <br />Section 5.05. Notice of Change to Holders. <br /> <br />Promptly upon each change in the entity serving as Paying Agent/Registrar, <br />the City will cause notice of the change to be sent to each Holder by first class <br />United States mail, postage prepaid, at the address in the Register, stating the <br />effective date of the change and the name and mailing address of the replacement <br />Paying Agent/Registrar. <br /> <br />Section 5.06. Agreement to Perform Duties and Functions. <br /> <br />By accepting the appointment as Paying Agent/Registrar, the Paying <br />Agent/Registrar is deemed to have agreed to the provisions of this Ordinance and <br />that it will perform the duties and functions .of Paying Agent/Registrar prescribed <br />hereby. <br /> <br />Section 5.07. Delivery of Records to Successor. <br /> <br />If a Paying Agent/Registrar is replaced, such Paying Agent/Registrar, <br />promptly upon the appointment of the successor, will deliver the Register (or a copy <br />thereof) and all other pertinent books and records relating to the Certificates to the <br />successor Paying Agent/Registrar. <br /> <br />ARTICLE VI <br />FORM OF THE CERTIFICATES <br /> <br />2389f <br /> <br />-14- <br />