COM 1109.000 2020-2022 - Laserfiche WebLink

Home

The County and the Trustee may treat the Owner of any Bond whose name appears on the Bond Register as the absolute Owner of that Bond for any and all purposes, and the County and the Trustee shall not be affected by any notice to the contrary. The County and the Trustee may rely on the address of the Owner as it appears in the Bond Register for any and all purposes. It shall be the duty of the Owner to give written notice to the Trustee of any change in the Bondowner's address so that the Bond Register may be revised accordingly. Section 2.9. Restrictions on Registration of Exchange or Transfer. (a) General. Subject to the limitations set forth in the following paragraph, the registration of any Bond may, in accordance with its terms, be transferred upon the Bond Register by the Person in whose name it is registered, in person or by such Person's duly authorized attorney, upon surrender of such Bond for cancellation at the Designated Office of the Trustee, accompanied by delivery of a written instrument of transfer in a form approved by the Trustee and duly executed by the Owner or such Owner's duly authorized attorney. Bonds may be exchanged at the office of the Trustee for a like aggregate principal amount of Bonds of other authorized denominations of the same maturity. The Trustee shall not collect from the Owner any charge for any new Bond issued upon any exchange or transfer, but shall require the Owner requesting such exchange or transfer to pay any tax or other governmental charge required to be paid with respect to such exchange or transfer. Whenever any Bonds shall be surrendered for registration of transfer or exchange, the County shall execute and the Trustee shall authenticate and deliver a new Bond or Bonds of the same maturity, for a like aggregate principal amount; provided that the Trustee shall not be required to register transfers or make exchanges of(i) Bonds for a period of 15 days next preceding any selection of the Bonds to be redeemed, or (ii)any Bonds chosen for redemption. (b) Additional Transfer Restrictions Applicable to 2022 Bonds. No transfer, sale or other disposition of any 2022 Bond, or any beneficial interest therein, may be made except to an entity that is a Qualified Purchaser that is purchasing such 2022 Bond for its own account for investment purposes and not with a view to distributing such 2022 Bond. Each transferee of a 2022 Bond, or any beneficial interest therein, shall be deemed to have acknowledged, represented, warranted and agreed with and to the County, the Participating Underwriter and the Trustee that (i) such transferee is a Qualified Purchaser that is purchasing such 2022 Bond for its own account for investment purposes and not with a view to distributing such 2022 Bond in violation of the Securities Act of 1933 or other applicable securities laws, (ii) the 2022 Bonds are payable solely from secured by and payable from the Special Taxes and such other funds described in the Indenture, (iii) the 2022 Bonds, or any beneficial interest therein, may only be transferred to a Qualified Purchaser and (iv) the County, the Participating Underwriter and the Trustee and others will rely upon the truth and accuracy of the foregoing acknowledgements, representations, warranties and agreements. Each 2022 Bond shall bear a legend describing or referencing the foregoing restrictions on transferability. Neither the Participating Underwriter nor any Owner or Beneficial Owner of the 2022 Bonds shall deposit the 2022 Bonds in any trust or account under its control and sell any shares, participatory interest or certificates in such trust and account, and neither the Participating Underwriter nor any Owner or Beneficial Owner of the 2022 Bonds shall deposit the 2022 Bonds in any trust or account under its control the majority of the assets of which constitute the 2022 Bonds, and sell shares, participatory interest or certificates in such trust or account except to Qualified Purchasers. 17