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<br />thereof being evidenced iQ the records of such participants. Transfers of beneficial ownership <br /> <br />will be effected on the records of the Securities Depository and its participants pursuant to rules <br /> <br />and procedures established by the Securities Depository and its participants. <br /> <br />The County and the Bond Registrar will recognize the Securities Depository Nominee or <br /> <br />the Securities Depository, as the case may be, while the registered owner of this Bond, as the <br /> <br />owner of this Bond for all purposes, including payments of principal of, and redemption <br /> <br />premium, if any, and interest on, this Bond, notices and voting. Transfer of principal and interest <br /> <br />and any redemption premium payments to participants of the Securities Depository will be the <br /> <br />responsibility of the Securities Depository, and transfer of principal and interest and any <br /> <br />redemption premium payments to beneficial owners of the Bonds by participants of the <br /> <br />Securities Depository will be the responsibility of such participants and other nominees of such <br /> <br />beneficial owners. The County and the Bond Registrar will not be responsible or liable for such <br /> <br />transfers of payments or for maintaining, supervising or reviewing records maintained by the <br /> <br />Securities Depository, its participants or persons acting through such participants. <br /> <br />While the Securities Depository Nominee or the Securities Depository, as the case may <br /> <br />be, is the owner of this Bond, notwithstanding the provisions hereinabove contained, payments <br /> <br />of principal of, redemption premium, if any, and interest on this Bond shall be made to the <br /> <br />Securities Depository Nominee or the Securities Depository, as the case may be, by wire transfer <br /> <br />in immediately available funds to the account of said holder as may be specified in the bond <br /> <br />registration books maintained by the Bond Registrar or by such other method of payment as the <br /> <br />County may determine to' be necessary or advisable with the concurrence of the Securities <br /> <br />Depository. Further, so long as a book-entrY system is used for determining beneficial <br /> <br />ownership of Bonds, redemption notices shall be given to the Securities Depository Nominee by <br /> <br />12 <br /> <br />F-5 <br />