Laserfiche WebLink
<br />C-1 <br />APPENDIX C <br /> <br />BOOK-ENTRY SYSTEM <br /> <br />The following description of the Depository Trust Company (“DTC”), the procedures and <br />record keeping with respect to beneficial ownership interests in the 2021 Bonds, payment of <br />principal, interest and other payments on the 2021 Bonds to DTC Participants or Beneficial <br />Owners, confirmation and transfer of beneficial ownership interest in the 2021 Bonds and other <br />related transactions by and between DTC, the DTC Participants and the Beneficial Owners is <br />based solely on information provided by DTC. Accordingly, no representations can be made <br />concerning these matters and neither the DTC Participants nor the Beneficial Owners should rely <br />on the foregoing information with respect to such matters, but should instead confirm the same <br />with DTC or the DTC Participants, as the case may be. <br /> <br />Neither the issuer of the 2021 Bonds (the “Issuer”) nor the trustee, fiscal agent or paying <br />agent appointed with respect to the 2021 Bonds (the “Agent”) takes any responsibility for the <br />information contained in this Appendix. <br /> <br />No assurances can be given that DTC, DTC Participants or Indirect Participants will <br />distribute to the Beneficial Owners (a) payments of interest, principal or premium, if any, with <br />respect to the 2021 Bonds, (b) certificates representing ownership interest in or other confirmation <br />or ownership interest in the 2021 Bonds, or (c) redemption or other notices sent to DTC or Cede <br />& Co., its nominee, as the registered owner of the 2021 Bonds, or that they will so do on a timely <br />basis, or that DTC, DTC Participants or DTC Indirect Participants will act in the manner described <br />in this Appendix. The current "Rules" applicable to DTC are on file with the Securities and <br />Exchange Commission and the current "Procedures" of DTC to be followed in dealing with DTC <br />Participants are on file with DTC. <br /> <br />1. The Depository Trust Company (“DTC”), New York, NY, will act as securities depository <br />for the securities (the “Securities”). The Securities will be issued as fully-registered securities <br />registered in the name of Cede & Co. (DTC’s partnership nominee) or such other name as may <br />be requested by an authorized representative of DTC. One fully-registered Security certificate will <br />be issued for each issue of the Securities, each in the aggregate principal amount of such issue, <br />and will be deposited with DTC. If, however, the aggregate principal amount of any issue exceeds <br />$500 million, one certificate will be issued with respect to each $500 million of principal amount, <br />and an additional certificate will be issued with respect to any remaining principal amount of such <br />issue. <br /> <br />2. DTC, the world’s largest securities depository, is a limited-purpose trust company <br />organized under the New York Banking Law, a “banking organization” within the meaning of the <br />New York Banking Law, a member of the Federal Reserve System, a “clearing corporation” within <br />the meaning of the New York Uniform Commercial Code, and a “clearing agency” registered <br />pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds and <br />provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues, corporate <br />and municipal debt issues, and money market instruments (from over 100 countries) that DTC’s <br />participants (“Direct Participants”) deposit with DTC. DTC also facilitates the post-trade <br />settlement among Direct Participants of sales and other securities transactions in deposited <br />securities, through electronic computerized book-entry transfers and pledges between Direct <br />Participants’ accounts. This eliminates the need for physical movement of securities certificates. <br />Direct Participants include both U.S. and non-U.S. securities brokers and dealers, banks, trust <br />companies, clearing corporations, and certain other organizations. DTC is a wholly-owned