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<br />11 <br />Bonds will be deemed to be comprised of $5,000 portions and each portion will be subject to <br />redemption as if such portion were a separate Bond. <br />Effect of Redemption. If notice of redemption has been duly given and money for the <br />payment of the redemption price of the Bonds called for redemption has been duly provided, <br />such Bonds so called will cease to be entitled to any benefit under the Indenture other than the <br />right to receive payment of the redemption price, and no interest will accrue thereon from and <br />after the redemption date specified in such notice. <br />Rescission of Redemption. The Authority has the right to rescind any notice of optional <br />redemption of Bonds by written notice to the Trustee on or prior to the date fixed for redemption. <br />Any notice of redemption shall be cancelled and annulled if for any reason funds will not be or <br />are not available on the date fixed for redemption for the payment in full of the Bonds then <br />called for redemption, and such cancellation shall not constitute an Event of Default. The <br />Authority and the Trustee have no liability to the Bond Owners or any other party related to or <br />arising from such rescission of redemption. The Trustee shall mail notice of such rescission of <br />redemption in the same manner as the original notice of redemption was sent under the <br />Indenture. <br />Book–Entry Only System <br />The Bonds will be issued as fully registered bonds in book–entry only form, registered in <br />the name of Cede & Co. as nominee of DTC, and will be available to ultimate purchasers in <br />integral multiples of $5,000, under the book–entry system maintained by DTC. While the Bonds <br />are subject to the book–entry system, the principal, interest and any redemption premium with <br />respect to a Bond will be paid by the Trustee to DTC, which in turn is obligated to remit such <br />payment to its DTC Participants for subsequent disbursement to Beneficial Owners of the <br />Bonds. Purchasers of the Bonds will not receive certificates representing their interests therein, <br />which will be held at DTC. <br />The Authority and the Trustee cannot and do not give any assurances that DTC, DTC <br />Participants or others will distribute payments of principal, interest or premium with respect to <br />the Bonds paid to DTC or its nominee as the registered owner, or will distribute any redemption <br />notices or other notices, to the Beneficial Owners, or that they will do so on a timely basis or will <br />serve and act in the manner described in this Official Statement. The District and the Trustee <br />are not responsible or liable for the failure of DTC or any DTC Participant to make any payment <br />or give any notice to a beneficial Owner with respect to the Bonds or an error or delay relating <br />thereto. <br />See “APPENDIX E – DTC AND THE BOOK–ENTRY ONLY SYSTEM” for further <br />information regarding DTC and the book–entry system.