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sealed, and (vii) the principal of and interest on the
Certificates of Obligation shall be payable, all as provided,
and in the manner required or indicated, in the FORM OF
SUBSTITUTE CERTIFICATE OF OBLIGATION set forth in this
Ordinance.
(f) Payment of _Fees and Charges. The Issuer hereby
covenants with the registered owners of the Certificates of
Obligation that it will (i) pay the standard or customary fees
and charges of the Paying Agent/Registrar for its services
with respect to the payment of the principal of and interest
on the Certificates of Obligation, when due, and (ii) pay the
fees and charges of the Paying Agent/Registrar for services
with respect to the transfer of registration of Certificates
of Obligation, and with respect to the conversion and exchange
of Certificates of Obligation solely to the extent above
provided in this Ordinance.
(g) Substitute Paying Agent/Registrar. The Issuer
covenants with the registered owners of the Certificates of
Obligation that at all times while the Certificates of
Obligation are outstanding the Issuer will provide a competent
and legally qualified bank, trust company, financial
institution, or other agency to act as and perform the
services of Paying Agent/Registrar for the Certificates of
Obligation under this Ordinance, and that the Paying
Agent/Registrar will be one entity. The Issuer reserves the
right to, and may, at its option, change the Paying
Agent/Registrar upon not less than 120 days written notice to
the Paying Agent/Registrar, to be effective not later than 60
days prior to the next principal or interest payment date
after such notice. In the event that the' entity at any time
acting as Paying Agent/Registrar (or its successor by merger,
acquisition, or other method) should resign or otherwise cease
to act as such, the Issuer covenants that promptly it will
appoint a competent and legally qualified bank, trust company,
financial institution, or other agency to act as Paying
Agent/Registrar under this Ordinance. Upon any change in the
Paying Agent/Registrar, the previous Paying Agent/Registrar
promptly shall transfer and deliver the Registration Books (or
a copy thereof), along with all other pertinent books and
records relating to the Certificates of Obligation, to the new
Paying Agent/Registrar designated and appointed by the Issuer.
Upon any change in the Paying Agent/Registrar, the Issuer
promptly will cause a written notice thereof to be sent by the
new Paying Agent/Registrar to each registered owner of the
Certificates of Obligation, by United States Mail, first-class
postage prepaid, which notice also shall give the address of
the new Paying Agent/Registrar. By accepting the position and
performing as such, each Paying Agent/Registrar shall be
deemed to have agreed to the provisions of this Ordinance, and
a certified copy of this Ordinance shall be delivered to each
Paying Agent/Registrar.
Section 7.FORM OF` SUBSTITUTE CERTIFICATES OF
OBLIGATION. The form of all Certificates of Obligation issued
in conversion and exchange or replacement of any other
Certificate of Obligation or portion thereof, including the
form of Paying Agent/Registrar's Certificate to be'printed on
each of such Certificates of.Obligation, and the Form of
Assignment to be printed on each of the Certificates of
Obligation, shall be, respectively, substantially as follows,
with such appropriate variations, omissions, or insertions as
are permitted or required by this Ordinance.
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