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class mail, postage prepaid, at their addresses appearing on the Bond Register as of the close of <br /> business on the day before such notice is given; provided that failure of the Bond Registrar to <br /> give such notice to any Registered Owner or any defect in such notice shall not affect the validity <br /> of the redemption of any other Bonds; and provided further, however, that if the Index Floating <br /> Rate Bonds, Variable Rate Bonds, Short-Term Rate Bonds or Long-Term Rate Bonds are Bank <br /> Bonds, notice of redemption of such Bank Bonds shall be given not less than one (1) Business <br /> Day prior to the redemption date therefor, and such notice may be given telephonically or by <br /> Electronic Notice. Notwithstanding anything to the contrary contained herein, in the event all of <br /> the Bonds to be redeemed are held in book-entry form, the notice shall be made by Electronic <br /> Notice and the notice period required pursuant to this Section 3.03 may be less than 15 days prior <br /> to the redemption date, as applicable, provided such notice period complies with the operational <br /> guidelines of DTC in effect 20 days prior to the date of the scheduled redemption. <br /> (b) The Bond Registrar, if requested by the City, shall also give notice of redemption <br /> by Electronic Notice to any securities depositories and/or securities information services as shall <br /> be designated by the Designated Representative. <br /> The Designated Representative may instruct the Bond Registrar to provide conditional <br /> notice of any optional redemption which may be conditioned upon the receipt of moneys or any <br /> other event. The Bond Registrar shall rescind any redemption for which conditional notice has <br /> been given as soon as practicable by notice of rescission if directed to do so by the Designated <br /> Representative prior to the date of redemption. The Bond Registrar shall give notice of rescission <br /> by the same means as is provided for the giving of a notice of redemption. The redemption shall <br /> be deemed canceled once the Bond Registrar has given notice of rescission. <br /> -55- P\20287 0MVN20287 AMT 10/14/14 <br />