Resolution No. 4483 - Laserfiche WebLink

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6.3.2. the delivery to any participant or correspondent or any other person, other than an Owner as shown in the registration books maintained by the Note Registrar, of any notice with respect to the Series S Notes, including any notice of prepayment; 6.3:3. the selection by the Depository of the beneficial interest in Series S Notes to be redeemed prior to maturity; or 6.3.4. the payment to any participant, correspondent, or any other person other than the Owner of the Series S Notes as shown in the registration books maintained by the Note Registrar, of any amount with respect to principal or interest on the Series S Notes. 6.4. Notwithstanding the book-entry-only system, the City may treat and consider the Beneficial Owner in whose name each Series S Note is registered in the registration books maintained by the Note Registrar as the Owner and absolute owner of such Series S Note for the purpose of payment of principal and interest with respect to such Series S Note, or for the purpose of giving notices of redemption and other matters with respect to such Series S Note, or for the purpose of registering transfers with respect to such Series S Note, or for all other purposes whatsoever. The City shall payor cause to be paid all principal and interest on the Series S Notes only to or upon the order of the Registered Owner, as shown in the registration books maintained by the Note Registrar, or their respective attorneys duly authorized in writing, and all such payments shall be valid and effective to fully satisfy and discharge the City's obligation with respect to payment thereof to the extent of the sum or sums so paid. 6.5. Upon delivery by the Depository to the City and to the Owner of written notice to the effect that the Depository has determined to substitute a new nominee in place of the Nominee, then the word "Nominee" in this Resolution shall refer to such new nominee of the Depository, and upon receipt of such notice, the City shall promptly deliver a copy thereof to the Note Registrar. The Depository shall tender the Series S Notes it holds to the Note Registrar for reregistration. Section 7. Authentication, Registration and Transfer (No Depository). 7. 1. Registration and transfer of the Series S Notes while they are in book-entry form shall be in accordance with the Blanket Letter of Representations which the Depository requires. The provisions of this Section 7 apply only if the Series S Notes cease to be in book-entry form. Page 4 - Resolution No. _ J :\HWR \CITIES\EUGENE\BAN96\BAN96RES.DOC4/11/96