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Each entity that is or that becomes a Beneficial Owner of a 2022 Bond shall be deemed by
<br /> the acceptance or acquisition of such beneficial ownership interest to have agreed to be bound by the
<br /> provisions of this Section 2.9(b). In the event that a holder of the 2022 Bonds makes an assignment
<br /> of its beneficial ownership interest in the 2022 Bonds, the assignor will notify the assignee of the
<br /> restrictions on purchase and transfer described herein. Any transfer of a 2022 Bond to any entity that
<br /> is not a Qualified Purchaser shall be deemed null and void.
<br /> Any 2022 Bond registered in the name of DTC or Cede & Co., as nominee of DTC, shall be
<br /> deemed to comply with this Indenture so long as each Beneficial Owner of such 2022 Bond is a
<br /> Qualified Purchaser; provided, however, as a condition of issuance of the 2022 Bonds, each of the
<br /> initial purchasers of the 2022 Bonds from the Participating Underwriter shall execute and deliver an
<br /> Investor Letter in the form attached hereto as Exhibit E.
<br /> Section 2.10. Mutilated, Lost, Destroyed or Stolen Bonds. If any Bond shall become
<br /> mutilated, the County shall execute, and the Trustee shall authenticate and deliver, a new Bond of
<br /> like tenor, date and maturity in exchange and substitution for the Bond so mutilated, but only upon
<br /> surrender to the Trustee of the Bond so mutilated. Every mutilated Bond so surrendered to the
<br /> Trustee shall be cancelled by the Trustee pursuant to Section 10.1 hereof. If any Bond shall be lost,
<br /> destroyed or stolen, evidence of such loss, destruction or theft may be submitted to the Trustee and, if
<br /> such evidence is satisfactory to the Trustee and, if indemnity satisfactory to the Trustee (and, if the
<br /> ownership of such Bond is registered in the name of any Person that is not the designee of DTC,
<br /> satisfactory also to the County) shall be given, the County shall execute and the Trustee shall
<br /> authenticate and deliver, a new Bond of like tenor and maturity, numbered and dated as the Trustee
<br /> shall determine in lieu of and in substitution for the Bond so lost, destroyed or stolen. Any Bond
<br /> issued in lieu of any Bond alleged to be mutilated, lost, destroyed or stolen, shall be equally and
<br /> proportionately entitled to the benefits hereof with all other Bonds issued hereunder. The Trustee
<br /> shall not treat both the original Bond and any replacement Bond as being Outstanding for the purpose
<br /> of determining the principal amount of Bonds which may be executed, authenticated and delivered
<br /> hereunder or for the purpose of determining any percentage of Bonds Outstanding hereunder, but
<br /> both the original and replacement Bond shall be treated as one and the same. Notwithstanding any
<br /> other provision of this Section, in lieu of delivering a new Bond which has been mutilated, lost,
<br /> destroyed or stolen, and which has matured, the Trustee may make payment with respect to such
<br /> Bonds.
<br /> Section 2.11. Book-Entry System.
<br /> (a) All Bonds shall be initially issued in the form of a separate single certificated fully
<br /> registered Bond for each maturity date of the Bonds. Upon initial issuance, the ownership of each
<br /> Bond shall be registered in the Bond Register in the name of Cede & Co., as nominee of DTC.
<br /> Except as provided in Section 2.11(d) hereof, all Outstanding Bonds shall be registered in the Bond
<br /> Register in the name of Cede & Co., as nominee of DTC.
<br /> (b) With respect to Bonds registered in the Bond Register in the name of Cede & Co., as
<br /> nominee of DTC, the County and the Trustee shall have no responsibility or obligation with respect
<br /> to (i)the accuracy of the records of DTC, Cede & Co. or any DTC Participant with respect to any
<br /> ownership interest in the Bonds, (ii)the delivery to any DTC Participant or any other Person, other
<br /> than an Owner, as shown in the Bond Register, of any notice with respect to the Bonds, including any
<br /> notice of redemption, or (iii)the payment to any DTC Participant or any other Person, other than an
<br /> Owner, as shown in the Bond Register, of any amount with respect to principal of, premium, if any,
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