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Trustee which are transmitted to the Trustee shall be made to the Authority. Cancelled Bonds may be destroyed by the Trustee unless instructions to the contrary are received from the Authority. Section 211. Book Entry Provisions. (a) Notwithstanding any other provisions of this Article II, the Authority hereby designates The Depository Trust Company to act as Depository (the "Depository") in connection with the Bonds. (b) A Representation Letter relating to the Bonds shall be executed and delivered on behalf of the Authority by an authorized officer thereof. (c) The Bonds shall be initially issued in the form of a separate fully registered Bond for each of the maturities established in this Agreement. Upon initial issuance, the ownership of each such Bond shall be registered in the bond register kept by .the Trustee in the name of Cede & Co., as nominee of the Depository. Except as provided in subsection (d) of this Section 2.11, all of the outstanding Bonds shall continue to be registered in the bond register kept by the Trustee in the name of Cede & Co., as nominee of the Depository. (d) The Authority may determine in its sole discretion • that (i) the Depository is unwilling. or unable to discharge its responsibilities as Depository under this Agreement and the Representation Letter, or (ii) it is in the best interest of the Authority that the beneficial owners of the Bonds be able to obtain certificated Bonds. If the Authority makes the determination set forth in clause (i), the Authority may designate a person to act as successor depository and authorizing the execution of a new representation letter. If a successor depository is appointed, that successor or its nominee will be treated by the Trustee and the Authority as the sole and exclusive owner of the Bonds, respectively, and, as in the case of the Depository, the responsibilities and obligations of the Trustee and the Authority shall be solely to that successor depository or its nominee and not to any participant in the successor or any person claiming a beneficial ownership interest in any Bond. If the Authority makes the determination set forth in clause (i) or (ii), the Authority may provide for the execution by the Authority, authentication by the Trustee and delivery to the beneficial owners of the Bonds, of certificates for their Bonds. The Authority shall provide notice of any determination made by the Authority under this subsection to the Depository as provided in any Representation Letter. (e) In accordance with Section 2.01 hereof as long as any Bond is registered in the name of Cede & Co., as nominee of the Depository, all payments of principal of and interest on such Bond 27