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substitute depository or its successor), the Chief Financial Officer may hereafter appoint a <br /> substitute depository. Any such substitute depository shall be qualified under any applicable <br /> laws to provide the services proposed to be provided by it. <br /> (3) In the case of any transfer pursuant to clause (A) or (B) of subsection (1) <br /> above, the Bond Registrar shall, upon receipt of all outstanding Bonds, together with a written <br /> request on behalf of the Chief Financial Officer, issue a single new Bond for each maturity then <br /> outstanding, registered in the name of such successor or such substitute depository, or their <br /> nominees, as the case may be, all as specified in such written request of the Chief Financial <br /> Officer. <br /> (4) In the event that (A) DTC or its successor (or substitute depository or its <br /> successor) resigns from its functions as depository, and no substitute depository can be obtained, <br /> or (B)the Chief Financial Officer determines that it is in the best interest of the Beneficial <br /> Owners that such owners be able to obtain such bonds in the form of Bond certificates, the <br /> ownership of such Bonds may then be transferred to any person or entity as herein provided, and <br /> shall no longer be held in fully-immobilized form. The Chief Financial Officer shall deliver a <br /> written request to the Bond Registrar, together with a supply of definitive Bonds, to issue Bonds <br /> as herein provided in any Authorized Denomination. Upon receipt by the Bond Registrar of all <br /> then outstanding Bonds together with a written request on behalf of the Chief Financial Officer <br /> to the Bond Registrar, new Bonds shall be issued in the appropriate denominations and registered <br /> in the names of such persons as are requested in such written request. <br /> (e) Registration of Transfer of Ownership or Exchange; Change in Denominations. <br /> The transfer of any Bond may be registered and Bonds may be exchanged, but no transfer of any <br /> such Bond shall be valid unless it is surrendered to the Bond Registrar with the assignment form <br /> -46- P\20287 CMW\20287 AMT 10/14/14 <br />