reconvene regular meeting: 7:00 pm - Irvine Unified School District

of the Trustee upon surrender of such temporary Note Participations, and until so exchanged
such temporary Note Participations shall be entitled to the same benefit, protection and security
hereunder as the definitive Note Participations executed and delivered hereunder. All temporary
Note Participations surrendered pursuant to the provisions of this Section shall be cancelled by
the Trustee and shall not be redelivered.
Section 2.09. Note Participations Mutilated, Destroyed, Lost or Stolen. If
any Note Participation shall become mutilated, the Trustee shall execute and deliver a new Note
Participation of like tenor in exchange and substitution for the Note Participation so mutilated,
but only upon surrender to the Trustee of the Note Participation so mutilated, and every
mutilated Note Participation so surrendered to the Trustee shall be cancelled by it. If any Note
Participation shall be lost, destroyed or stolen, evidence of such loss, destruction or theft may be
submitted to the Trustee, and if such evidence is satisfactory to the Trustee and indemnity
satisfactory to the Trustee shall be given, the Trustee shall execute and deliver a new Note
Participation of like tenor and Principal Payment Date in lieu of and in substitution for the
destroyed, lost or stolen Note Participation. The Trustee may require payment of a sum not
exceeding the actual cost of preparing each new Note Participation executed and delivered by it
under this Section and of the expenses which may be incurred by it under this Section. Any
replacement Note Participation executed and delivered under the provisions of this Section in
lieu of and in substitution for any mutilated, destroyed, lost or stolen Note Participation shall be
equally and proportionately entitled to the benefit, protection and security hereof with all other
Note Participations executed and delivered hereunder; and the Trustee shall not be required to
treat both the original Note Participation and any replacement Note Participation as being
Outstanding for the purpose of determining the principal amount of Note Participations which
may be executed and delivered hereunder or for the purpose of determining any percentage of
Note Participations Outstanding hereunder, but both the original and the replacement Note
Participation shall be treated as one and the same. Notwithstanding any other provisions of this
Section, rather than executing and delivering a new Note Participation for a mutilated, destroyed,
lost or stolen Note Participation the Principal Payment Date of which has occurred or is about to
occur, the Trustee may make payment of the principal evidenced and represented by such
mutilated, destroyed, lost or stolen Note Participation directly to the Owner thereof under such
regulations as the Trustee may prescribe.
Section 2.10. Special Covenants as to Book-Entry Only System.
(a) Except as otherwise provided in subsections (b) and (c) of this Section
2.10, the Note Participations initially executed and delivered hereunder shall be registered in the
name of Cede & Co., as nominee for The Depository Trust Company, New York, New York
(“DTC”), or such other nominee as DTC may request. Payment of the principal and interest
represented by each Note Participation registered in the name of Cede & Co. shall be made to the
account, in the manner and at the address indicated in or pursuant to the Representation Letter
delivered to DTC by the Trustee.
(b) The Note Participations executed and delivered hereunder shall be in the
form of a single fully registered certificate for each maturity within each Series. Upon initial
execution of the Note Participations, the ownership of all such Note Participations shall be
registered in the registration records maintained by the Trustee pursuant to Section 2.07 in the
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