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the requirements of the Blanket Issuer Letter of <br />Representations. <br /> <br /> (x) In the case of a partial prepayment of a <br />Bond, the Holder may, in lieu of surrendering the Bond <br />for a Bond of a lesser denomination as provided in <br />paragraph 6 hereof, make a notation of the reduction in <br />principal amount on the panel provided on the Bond <br />stating the amount so redeemed. <br /> <br /> (c) Termination of Book-Entry Only System. <br />Discontinuance of a particular Depository's services and <br />termination of the book-entry only system may be effected as <br />follows: <br /> <br /> (i) The Depository may determine to discontinue <br />providing its services with respect to the Bonds at any <br />time by giving written notice to the City and <br />discharging its responsibilities with respect thereto <br />under applicable law. The City may terminate the <br />services of the Depository with respect to the Bonds if <br />the City determines that the Depository is no longer <br />able to carry out its functions as securities <br />depository or the continuation of the system of book- <br />entry transfers through the Depository is not in the <br />best interests of the City. <br /> <br /> (ii) Upon termination of the services of the <br />Depository as provided in the preceding paragraph, and <br />if no substitute securities depository is willing to <br />undertake the functions of the Depository hereunder can <br />be found which, in the opinion of the City, is willing <br />and able to assume such functions upon reasonable or <br />customary terms, or if the City determines that it is <br />in the best interests of the City that the Beneficial <br />Owners be issued certificates for the Bonds, the Bonds <br />shall no longer be registered in the name of the <br />Nominee, but may be registered in whatever name or <br />names the Holder of the Bonds shall designate at that <br />time, in accordance with paragraph 11 hereof. To the <br />extent that the Beneficial Owners are designated as the <br />transferee by the Holders, in accordance with paragraph~ <br />11 hereof, the Bonds will be delivered to the <br />Beneficial Owners. <br /> <br /> (iii) Nothing in this subparagraph (c) shall limit <br />or restrict the provisions of paragraph 11 hereof. <br /> <br /> (d) Blanket Issuer Letter of Representations. The <br />City's execution and delivery of the Blanket Issuer Letter <br />of Representations in substantially the form on file in the <br />offices of the City is hereby affirmed and ratified. The <br />provisions in the Blanket Issuer Letter of Representations <br />are incorporated herein by reference and made fully a part <br />of this Resolution to the same extent as if set forth in <br /> <br />1079939 .2 6 <br /> <br /> <br />