Ord 2007-007 - Laserfiche WebLink

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to mterest checks or drafts bemg mailed to the registered Owner at the close of business on the Record Date, the word "Cede & Co " m thiS Ordmance shall refer to such new nommee of DTC (c) The executIOn and delIvery of the RepresentatIon Letter IS hereby ratIfied and confirmed, and the provlSlons thereof shall be fully applIcable to the Certificates, SectIOn 3 10 Successor Secuntles DepOSitory: Transfer OutSide Book-Entry Only System. In the event that the City or the Paying Agent/Reglstrar determmes that DTC IS mcapable of dlschargmg ItS responsibilItIes described herem and 10 the Representation Letter, and that It IS 10 the best mterest of the benefiCial owners of the Certificates that they be able to obtam certificated Certificates, or 10 the event DTC dlscontmues the services described herem, the City or the PayIng Agent/Registrar shall (i) appomt a successor secuntleS depOSitory, qualIfied to act as such under SectIOn 17(a) of the Secuntles and Exchange Act of 1934, as amended, notify DTC and DTC PartiCipants, as IdentIfied by DTC, of the appointment of such successor secuntles depOSitory and transfer one or more separate Certificates to such successor secuntIes depOSitory or (ii) notify DTC and DTC PartiCipants, as IdentIfied by DTC, ofthe availabihty through DTC of Certificates and transfer one or more separate CertIficates to DTC Participants havmg CertIficates credited to theIr DTC accounts, as Identified by DTC In such event, the Certificates shall no longer be restncted to bemg registered m the Register 10 the name of Cede & Co , as nommee of DTC, but may be registered m the name of the successor secuntles depOSitory, or ItS nommee, or 10 whatever name or names Owners transfernng or exchanging Certificates shall deSignate, 10 accordance with the proVISIOns of thiS Ordmance Section 3 11 Payments to Cede & Co Notwlthstandmg any other provlSlon of thiS Ordinance to the contrary, so long as any Certificates are registered 10 the name of Cede & Co , as nommee ofDTC, all payments With respect to pnnclpal of, premium, If any, and mterest on such Certificates, and all notices With respect to such Certificates, shall be made and given, respectIvely, 10 the manner proVided 10 the RepresentatIOn Letter ARTICLE IV REDEMPTION OF CERTIFICATES BEFORE MATURITY SectIOn 4 01 LimitatIOn on RedemptIOn. The Certificates shall be subject to redemptIOn before scheduled matunty only as proVided m thiS Article IV SectIOn 402 OptIOnal RedemptIOn. (a) The City reserves the optIOn to redeem the Certificates matunng on and after February 15, 2017, m whole or from tIme to tIme 10 part, before their scheduled matunty date, on February 15, 2016, or on any date thereafter (such redemptIOn date or dates to be fixed by the City) at a pnce equal to the pnnclpal amount of the Certificates called for redemptIOn plus accrued mterest from the most recent interest payment date on which mterest has been paid or duly proVided for to the redemption date San Marcos CTRCO 2007- Ordinance 12