July (pdf) - New York Power Authority

11. The information in this section concerning DTC and DTC’s book-entry system has been obtained
from sources that the Authority believes to be reliable, but the Authority takes no responsibility for the
accuracy thereof.
NEITHER THE AUTHORITY, THE TRUSTEE UNDER THE GENERAL RESOLUTION NOR
THE UNDERWRITERS WILL HAVE ANY RESPONSIBILITY OR OBLIGATION TO
PARTICIPANTS, TO INDIRECT PARTICIPANTS OR TO ANY BENEFICIAL OWNER WITH
RESPECT TO (I) THE ACCURACY OF ANY RECORDS MAINTAINED BY DTC, ANY
PARTICIPANT, OR ANY INDIRECT PARTICIPANT; (II) THE PAYMENT OR TIMELINESS OF
PAYMENT BY DTC OR ANY PARTICIPANT OR INDIRECT PARTICIPANT OF ANY AMOUNT
WITH RESPECT TO THE PRINCIPAL OF, OR PREMIUM, IF ANY, OR INTEREST ON, THE 2011
BONDS; (III) ANY NOTICE WHICH IS PERMITTED OR REQUIRED TO BE GIVEN TO
BONDHOLDERS; (IV) ANY CONSENT GIVEN BY DTC OR OTHER ACTION TAKEN BY DTC AS
BONDHOLDER; OR (V) THE SELECTION BY DTC OR ANY PARTICIPANT OR INDIRECT
PARTICIPANT OF ANY BENEFICIAL OWNERS TO RECEIVE PAYMENT IN THE EVENT OF A
PARTIAL REDEMPTION OF THE 2011 BONDS.
App. B-3