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Item 10
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Vol. 1- City of Santa Ana Financing Authority (Police Admin. and Holding Facility)
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Item 10
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(iii)each Buyer's Broker-Dealer or its Participant shall instruct the Securities Depository <br /> to execute the transactions described in (d)(iii) above for such Auction, and the Securities <br /> Depository shall execute such transactions. <br /> (f)If an Existing Holder selling ARS in an Auction fails to deliver such ARS (by authorized book-entry), <br /> a Broker-Dealer may deliver to the Potential Holder on behalf of which it submitted a Bid that was accepted a <br /> principal amount of ARS that is less than the principal amount of ARS that otherwise was to be purchased by such <br /> Potential Holder. In such event, the principal amount of ARS to be so delivered shall be determined solely by such <br /> Broker-Dealer. Delivery of such lesser principal amount of ARS shall constitute good delivery. Notwithstanding <br /> the foregoing terms of this paragraph (f), any delivery or nondelivery of ARS which shall represent any departure <br /> from the results of an Auction, as determined by the Auction Agent, shall be of no effect unless and until the <br /> Auction Agent shall have been notified of such delivery or nondelivery in accordance with the provisions of the <br /> Auction Agent Agreement and the Broker-Dealer Agreements. <br /> G-21 <br />
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