Common use of Original Delivery Clause in Contracts

Original Delivery. The Bonds will be initially issued as book-entry Bonds, and each maturity of such Bonds will be in the form of a separate single fully registered Bond (which may be typewritten). The Depository Trust Company (“DTC”) will act as the initial Depository for book-entry Bonds. Upon initial execution and delivery, the ownership of each such book- entry Bond will be registered in the registration books maintained under Section 2.08 in the name of Cede & Co., as Nominee of DTC, the initial Depository for the Bonds. With respect to book-entry Bonds, the City and the Trustee shall have no responsibility or obligation to any Participant or to any person on behalf of which such a Participant holds an interest in such book-entry Bonds. Without limiting the immediately preceding sentence, the City and the Trustee shall have no responsibility or obligation with respect to (i) the accuracy of the records of the Depository, the Nominee or any Participant with respect to the owners of beneficial interests in book-entry Bonds, (ii) the delivery to any Participant or any other person, other than an Owner as shown in the registration books maintained under Section 2.08 hereof, of any notice with respect to book-entry Bonds, including any notice of redemption, (iii) the selection by the Depository and its Participants of the beneficial interests in book-entry Bonds to be redeemed in the event the City redeems any book-entry Bonds in part or (iv) the payment of any Participant or any other person, other than an Owner as shown in the registration books maintained under Section 2.08, of any amount with respect to the principal or Redemption Price of, and interest on book-entry Bonds. The City and the Trustee may treat and consider the person in whose name each book- entry Bond is registered in the registration books maintained under Section 2.08 as the absolute Owner of such book-entry Bond for the purpose of payment of the principal or Redemption Price of, and interest on such book-entry Bond, for the purpose of giving notices of redemption and other matters with respect to such book-entry Bond, for the purpose of registering transfers with respect to such book-entry Bond and for all other purposes whatsoever. The Trustee shall pay the principal or Redemption Price of, and interest on the book-entry Bonds only to or upon the order of the respective Owners, as shown in the registration books maintained under Section 2.08, and all such payments shall be valid and effective to fully satisfy and discharge the City’s obligations with respect to payment of the interest on and the principal or Redemption Price of the book-entry Bonds to the extent of the sum or sums so paid. No person other than an Owner, as shown in the registration books maintained under Section 2.08 shall receive a Bond evidencing the obligation of the City to make payments of the principal or Redemption Price of, and interest on any book-entry Bond pursuant hereto. Upon delivery by the Depository to the Owner, the Trustee and the City of written notice to the effect that the Depository has determined to substitute a new nominee in place of the Nominee, and subject to the provisions herein with respect to record dates, the term Nominee herein shall refer to such new nominee of the Depository.

Original Delivery. The Bonds will Certificates shall be initially issued as book-entry Bonds, and each maturity of such Bonds will be delivered in the form of a separate single fully registered Bond Certificate (which may be typewritten). The Depository Trust Company (“DTC”) will act as for each maturity of the initial Depository for book-entry BondsCertificates. Upon initial execution and delivery, the ownership of each such book- entry Bond will Certificate shall be registered on the Registration Books in the name of the Nominee. Except as provided in subsection (c), the ownership of all of the Outstanding Certificates shall be registered in the registration books maintained under Section 2.08 name of the Nominee on the Registration Books. With respect to Certificates the ownership of which is registered in the name of Cede & Co., as Nominee of DTCthe Nominee, the initial Depository for the Bonds. With respect to book-entry Bonds, the City District and the Trustee shall have no responsibility or obligation to any Depository System Participant or to any person on behalf of which such a Participant the District holds an interest in such book-entry Bondsthe Certificates. Without limiting the generality of the immediately preceding sentence, the City District and the Trustee shall have no responsibility or obligation with respect to (i) the accuracy of the records of the Depository, the Nominee or any Depository System Participant with respect to any ownership interest in the owners of beneficial interests in book-entry BondsCertificates, (ii) the delivery to any Depository System Participant or any other person, other than an a Certificate Owner as shown in the registration books maintained under Section 2.08 hereofRegistration Books, of any notice with respect to book-entry Bondsthe Certificates, including any notice of redemptionprepayment, (iii) the selection by the Depository and its Participants of the beneficial interests in book-entry Bonds the Certificates to be redeemed in the event the City redeems any book-entry Bonds District elects to prepay the Certificates in part or part, (iv) the payment of to any Depository System Participant or any other person, other than an a Certificate Owner as shown in the registration books maintained under Section 2.08Registration Books, of any amount with respect to principal, premium, if any, or interest represented by the principal Certificates or Redemption Price of, and interest on book-entry Bonds(v) any consent given or other action taken by the Depository as Owner of the Certificates. The City District and the Trustee may treat and consider the person in whose name each book- entry Bond Certificate is registered in the registration books maintained under Section 2.08 as the absolute Owner owner of such book-entry Bond Certificate for the purpose of payment of the principal or Redemption Price ofprincipal, premium, if any, and interest on represented by such book-entry BondCertificate, for the purpose of giving notices of redemption prepayment and other matters with respect to such book-entry BondCertificate, for the purpose of registering transfers with respect to of ownership of such book-entry Bond Certificate, and for all other purposes whatsoever. The Trustee shall pay the principal or Redemption Price ofprincipal, interest and interest on premium, if any, represented by the book-entry Bonds Certificates only to or upon the order of the respective Owners, as shown Owners or their respective attorneys duly authorized in the registration books maintained under Section 2.08writing, and all such payments shall be valid and effective to fully satisfy and discharge the City’s all obligations with respect to payment of principal, interest and premium, if any, represented by the interest on and the principal or Redemption Price of the book-entry Bonds Certificates to the extent of the sum or sums so paid. No person other than an Owner, as shown in the registration books maintained under Section 2.08 a Certificate Owner shall receive a Bond Certificate evidencing the obligation of the City District to make payments of the principal or Redemption Price ofprincipal, interest and interest on any book-entry Bond pursuant heretopremium, if any, under this Trust Agreement. Upon delivery by the Depository to the Owner, the Trustee and the City Nominee of written notice to the effect that the Depository has determined to substitute a new nominee Nominee in place of the Nomineeits place, and subject to the provisions herein with respect to record dates, the term Nominee herein shall refer to such new nominee shall become the Nominee hereunder for all purposes; and upon receipt of such a notice the District shall promptly deliver a copy of the Depositorysame to the Trustee.

Original Delivery. The Bonds Certificates will be initially issued as book-entry Bonds, and each maturity of such Bonds will be delivered in the form of a separate single fully registered Bond Certificate (which may be typewritten). The Depository Trust Company (“DTC”) will act as for each maturity of the initial Depository for book-entry BondsCertificates. Upon initial execution and delivery, the ownership of each such book- entry Bond Certificate will be registered on the Registration Books in the name of the Nominee. Except as provided in subsection (c), the ownership of all of the Outstanding Certificates will be registered in the registration books maintained under Section 2.08 name of the Nominee on the Registration Books. With respect to Certificates the ownership of which is registered in the name of Cede & Co., as Nominee of DTC, the initial Depository for the Bonds. With respect to book-entry BondsNominee, the City and the Trustee shall have no responsibility or obligation to any Depository System Participant or to any person on behalf of which such a Participant the City holds an interest in such book-entry Bondsthe Certificates. Without limiting the generality of the immediately preceding sentence, the City and the Trustee shall have no responsibility or obligation with respect to (i) the accuracy of the records of the Depository, the Nominee or any Depository System Participant with respect to any ownership interest in the owners of beneficial interests in book-entry BondsCertificates, (ii) the delivery to any Depository System Participant or any other person, other than an a Certificate Owner as shown in the registration books maintained under Section 2.08 hereofRegistration Books, of any notice with respect to book-entry Bondsthe Certificates, including any notice of redemptionprepayment, (iii) the selection by the Depository and its Participants of the beneficial interests in book-entry Bonds the Certificates to be redeemed prepaid in the event the City redeems any book-entry Bonds elects to prepay the Certificates in part or part, (iv) the payment of to any Depository System Participant or any other person, other than an a Certificate Owner as shown in the registration books maintained under Section 2.08Registration Books, of any amount with respect to principal, premium, if any, or interest represented by the principal Certificates or Redemption Price of, and interest on book-entry Bonds(v) any consent given or other action taken by the Depository as Owner of the Certificates. The City and the Trustee may treat and consider the person in whose name each book- entry Bond Certificate is registered in the registration books maintained under Section 2.08 as the absolute Owner owner of such book-entry Bond Certificate for the purpose of payment of the principal or Redemption Price ofprincipal, premium, if any, and interest on represented by such book-entry BondCertificate, for the purpose of giving notices of redemption prepayment and other matters with respect to such book-entry BondCertificate, for the purpose of registering transfers with respect to of ownership of such book-entry Bond Certificate, and for all other purposes whatsoever. The Trustee shall will pay the principal or Redemption Price ofprincipal, interest and interest on premium, if any, represented by the book-entry Bonds Certificates only to or upon the order of the respective Owners, as shown Owners or their respective attorneys duly authorized in the registration books maintained under Section 2.08writing, and all such payments shall will be valid and effective to fully satisfy and discharge the City’s all obligations with respect to payment of principal, interest and premium, if any, represented by the interest on and the principal or Redemption Price of the book-entry Bonds Certificates to the extent of the sum or sums so paid. No person other than an Owner, as shown in the registration books maintained under Section 2.08 shall a Certificate Owner will receive a Bond Certificate evidencing the obligation of the City to make payments of the principal or Redemption Price ofprincipal, interest and interest on any book-entry Bond pursuant heretopremium, if any, under this Trust Agreement. Upon delivery by the Depository to the Owner, the Trustee and the City Nominee of written notice to the effect that the Depository has determined to substitute a new nominee Nominee in place of the Nomineeits place, and subject to the provisions herein with respect to record dates, the term Nominee herein shall refer to such new nominee will become the Nominee hereunder for all purposes;; and upon receipt of such a notice the City will promptly deliver a copy of the Depositorysame to the Trustee.

Original Delivery. The Bonds will Certificates shall be initially issued as book-entry Bonds, and each maturity of such Bonds will be delivered in the form of a separate single fully registered Bond Certificate (which may be typewritten). The Depository Trust Company (“DTC”) will act as for each maturity of the initial Depository for book-entry BondsCertificates. Upon initial execution and delivery, the ownership of each such book- entry Bond will Certificate shall be registered on the Registration Books in the name of the Nominee. Except as provided in subsection (c), the ownership of all of the Outstanding Certificates shall be registered in the registration books maintained under Section 2.08 name of the Nominee on the Registration Books. With respect to Certificates the ownership of which shall be registered in the name of Cede & Co., as Nominee of DTCthe Nominee, the initial Depository for the Bonds. With respect to book-entry Bonds, the City County and the Trustee shall have no responsibility or obligation to any Depository System Participant or to any person on behalf of which such a Participant the County holds an interest in such book-entry Bondsthe Certificates. Without limiting the generality of the immediately preceding sentence, the City County and the Trustee shall have no responsibility or obligation with respect to (i) the accuracy of the records of the Depository, the Nominee or any Depository System Participant with respect to any ownership interest in the owners of beneficial interests in book-entry BondsCertificates, (ii) the delivery to any Depository System Participant or any other person, other than an a Certificate Owner as shown in the registration books maintained under Section 2.08 hereofRegistration Books, of any notice with respect to book-entry Bondsthe Certificates, including any notice of redemptionprepayment, (iii) the selection by the Depository and its Participants of the beneficial interests in book-entry Bonds the Certificates to be redeemed prepaid in the event the City redeems any book-entry Bonds County elects to prepay the Certificates in part or part, (iv) the payment of to any Depository System Participant or any other person, other than an a Certificate Owner as shown in the registration books maintained under Section 2.08Registration Books, of any amount with respect to principal, premium, if any, or interest represented by the principal Certificates or Redemption Price of, and interest on book-entry Bonds(v) any consent given or other action taken by the Depository as Owner of the Certificates. The City County and the Trustee may treat and consider the person in whose name each book- entry Bond Certificate is registered in the registration books maintained under Section 2.08 as the absolute Owner owner of such book-entry Bond Certificate for the purpose of payment of the principal or Redemption Price ofprincipal, premium, if any, and interest on represented by such book-entry BondCertificate, for the purpose of giving notices of redemption prepayment and other matters with respect to such book-entry BondCertificate, for the purpose of registering transfers with respect to of ownership of such book-entry Bond Certificate, and for all other purposes whatsoever. The Trustee shall pay the principal or Redemption Price ofprincipal, interest and interest on premium, if any, represented by the book-entry Bonds Certificates only to or upon the order of the respective Owners, as shown Owners or their respective attorneys duly authorized in the registration books maintained under Section 2.08writing, and all such payments shall be valid and effective to fully satisfy and discharge the City’s all obligations with respect to payment of principal, interest and premium, if any, represented by the interest on and the principal or Redemption Price of the book-entry Bonds Certificates to the extent of the sum or sums so paid. No person other than an Owner, as shown in the registration books maintained under Section 2.08 a Certificate Owner shall receive a Bond Certificate evidencing the obligation of the City County to make payments of the principal or Redemption Price ofprincipal, interest and interest on any book-entry Bond premium, if any, pursuant heretoto this Trust Agreement. Upon delivery by the Depository to the Owner, the Trustee and the City County of written notice to the effect that the Depository has determined to substitute a new nominee Nominee in place of the Nomineeits place, and subject to the provisions herein with respect to record dates, the term Nominee herein shall refer to such new nominee shall become the Nominee hereunder for all purposes; and upon receipt of such a notice the County shall promptly deliver a copy of the Depositorysame to the Trustee.

Original Delivery. The Bonds will shall be initially issued as book-entry Bonds, and each maturity of such Bonds will be delivered in the form of a separate single fully registered Bond without coupons (which may be typewritten). The Depository Trust Company (“DTC”) will act as for each maturity of the initial Depository for book-entry Bonds. Upon initial execution and delivery, the ownership of each such book- entry Bond will shall be registered on the Registration Books in the name of the Nominee. Except as provided in subsection (c), the ownership of all of the Outstanding Bonds shall be registered in the registration books maintained under Section 2.08 name of the Nominee on the Registration Books. With respect to Bonds the ownership of which shall be registered in the name of Cede & Co.the Nominee, as Nominee of DTC, neither the initial Depository for the Bonds. With respect to book-entry Bonds, the City and Successor Agency nor the Trustee shall have no any responsibility or obligation to any Depository System Participant or to any person on behalf of which such a the Depository System Participant holds an interest in such book-entry the Bonds. Without limiting the generality of the immediately preceding sentence, neither the City and Successor Agency nor the Trustee shall have no any responsibility or obligation with respect to (i) the accuracy of the records of the Depository, the Nominee or any Depository System Participant with respect to any ownership interest in the owners of beneficial interests in book-entry Bonds, (ii) the delivery to any Depository System Participant or any other person, other than an a Bond Owner as shown in the registration books maintained under Section 2.08 hereofRegistration Books, of any notice with respect to book-entry the Bonds, including any notice of redemption, (iii) the selection by the Depository and its Participants of the beneficial interests in book-entry the Bonds to be redeemed in the event the City redeems any book-entry Successor Agency elects to redeem the Bonds in part or part, (iv) the payment of to any Depository System Participant or any other person, other than an a Bond Owner as shown in the registration books maintained under Section 2.08Registration Books, of any amount with respect to the principal principal, premium, if any, or Redemption Price of, and interest on book-entry the Bonds or (v) any consent given or other action taken by the Depository as Owner of the Bonds. The City Successor Agency and the Trustee may treat and consider the person in whose name each book- entry Bond is registered in the registration books maintained under Section 2.08 as the absolute Owner owner of such book-entry Bond for the purpose of payment of the principal or Redemption Price ofprincipal, premium and interest on such book-entry Bond, for the purpose of giving notices of redemption and other matters with respect to such book-entry Bond, for the purpose of registering transfers with respect to of ownership of such book-entry Bond Bond, and for all other purposes whatsoever. The Trustee shall pay the principal or Redemption Price of, of and interest and premium, if any, on the book-entry Bonds only to or upon the order of the respective Owners, as shown Owners or their respective attorneys duly authorized in the registration books maintained under Section 2.08writing, and all such payments shall be valid and effective to fully satisfy and discharge the City’s all obligations with respect to payment of principal of and interest and premium, if any, on the interest on and the principal or Redemption Price of the book-entry Bonds to the extent of the sum or sums so paid. No person other than an Owner, as shown in the registration books maintained under Section 2.08 a Bond Owner shall receive a Bond evidencing the obligation of the City Successor Agency to make payments of the principal or Redemption Price ofprincipal, interest and interest on any book-entry Bond premium, if any, pursuant heretoto this Indenture. Upon delivery by the Depository to the Owner, the Trustee and the City Nominee of written notice to the effect that the Depository has determined to substitute a new nominee in place of the Nomineeits place, and subject to the provisions herein with respect to record datesRecord Dates, the term Nominee herein shall refer to such new nominee shall become the Nominee hereunder for all purposes; and upon receipt of such a notice the Successor Agency shall promptly deliver a copy of the Depositorysame to the Trustee.

Original Delivery. The Bonds will shall be initially issued as book-entry Bonds, and each maturity of such Bonds will be delivered in the form of a separate single fully registered Bond without coupons (which may be typewritten). The Depository Trust Company (“DTC”) will act as for each maturity of the initial Depository for book-entry Bonds. Upon initial execution and delivery, the ownership of each such book- entry Bond will shall be registered on the Registration Books in the name of the Nominee. Except as provided in subsection (c), the ownership of all of the Outstanding Bonds shall be registered in the registration books maintained under Section 2.08 name of the Nominee on the Registration Books. With respect to Bonds the ownership of which shall be registered in the name of Cede & Co.the Nominee, as Nominee none of DTCthe Authority, the initial Depository for the Bonds. With respect to book-entry Bonds, the City and Administrator or the Trustee shall have no any responsibility or obligation to any Depository System Participant or to any person on behalf of which such a the Depository System Participant holds an interest in such book-entry the Bonds. Without limiting the generality of the immediately preceding sentence, none of the City and Authority, the Administrator or the Trustee shall have no any responsibility or obligation with respect to (i) the accuracy of the records of the Depository, the Nominee or any Depository System Participant with respect to any ownership interest in the owners of beneficial interests in book-entry Bonds, (ii) the delivery to any Depository System Participant or any other person, other than an Owner a Bondowner as shown in the registration books maintained under Section 2.08 hereofRegistration Books, of any notice with respect to book-entry the Bonds, including any notice of redemption, (iii) the selection by the Depository and its Participants of the beneficial interests in book-entry the Bonds to be redeemed in the event the City redeems any book-entry Administrator elects to redeem the Bonds in part or part, (iv) the payment of to any Depository System Participant or any other person, other than an Owner a Bondowner as shown in the registration books maintained under Section 2.08Registration Books, of any amount with respect to the principal principal, premium, if any, or Redemption Price of, and interest on book-entry the Bonds or (v) any consent given or other action taken by the Depository as Owner of the Bonds. The City Authority, the Administrator and the Trustee may treat and consider the person in whose name each book- entry Bond is registered in the registration books maintained under Section 2.08 as the absolute Owner owner of such book-entry Bond for the purpose of payment of the principal or Redemption Price ofprincipal, premium and interest on such book-entry Bond, for the purpose of giving notices of redemption and other matters with respect to such book-entry Bond, for the purpose of registering transfers with respect to of ownership of such book-entry Bond Bond, and for all other purposes whatsoever. The Trustee shall pay the principal or Redemption Price of, of and interest and premium, if any, on the book-entry Bonds only to or upon the order of the respective Owners, as shown Owners or their respective attorneys duly authorized in the registration books maintained under Section 2.08writing, and all such payments shall be valid and effective to fully satisfy and discharge the City’s all obligations with respect to payment of principal of and interest and premium, if any, on the interest on and the principal or Redemption Price of the book-entry Bonds to the extent of the sum or sums so paid. No person other than an Owner, as shown in the registration books maintained under Section 2.08 a Bondowner shall receive a Bond evidencing the obligation of the City Authority to make payments of the principal or Redemption Price ofprincipal, interest and interest on any book-entry Bond premium, if any, pursuant heretoto this Indenture. Upon delivery by the Depository to the Owner, the Trustee and the City Nominee of written notice to the effect that the Depository has determined to substitute a new nominee in place of the Nomineeits place, and subject to the provisions herein with respect to record datesRecord Dates, the term Nominee herein shall refer to such new nominee shall become the Nominee hereunder for all purposes; and upon receipt of such a notice the Authority shall promptly deliver a copy of the Depositorysame to the Trustee.