01-26-15 Agenda, Packet and Committee Meeting Notice

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statement, it need only be available from this MSRB. The Obligor shall clearly identify each such other document so included by reference. Section 5. Reporting of Events. a. The Obligor shall disclose the following events to the MSRB through EMMA, within 10 business days of the occurrence of any of the following events, if material (which determination of materiality shall be made by the Obligor in accordance with the standards established by federal securities laws): (1) non - payment related defaults; (2) modifications to rights of Bondholders; (3) bond calls; (4) release, substitution or sale of property securing repayment of the Bonds; (5) the consummation of a merger, consolidation, or acquisition, or certain asset sales, involving the Obligor, or entry into or termination of a definitive agreement relating to the foregoing; (6) appointment of a successor or additional trustee or the change of name of a trustee; and (7) notices or determinations with respect to the tax status of the Bonds or other events affecting the status of the Bonds. The disclosure may be accompanied by a certificate of an authorized representative of the Obligor in the form of Exhibit D attached hereto. b. The Obligor shall disclose the following events to the MSRB through EMMA, within 10 business days of the occurrence of any of the following events, regardless of materiality: (1) principal and interest payment delinquencies; (2) unscheduled draws on debt service reserves reflecting financial difficulties; (3) unscheduled draws on credit enhancements reflecting financial difficulties; (4) substitution of credit or liquidity providers, or their failure to perform; (5) defeasances; (6) rating changes; (7) adverse tax opinions, the issuance by the IRS of proposed or final determinations of taxability, or Notices of Proposed Issue (IRS Form 5701 -TEB); (8) tender offers; and (9) bankruptcy, insolvency, receivership or similar event of the Obligor. The disclosure may be accompanied by a certificate of an authorized representative of the Obligor in the form of Exhibit D attached hereto. C. If the Obligor determines that the occurrence of a Listed Event must be filed as set forth above, the Obligor shall promptly cause a notice of such occurrence to be filed with the MSRB through EMMA, together with a cover sheet in substantially the form attached as Exhibit C. In connection with providing a notice of the occurrence of a Listed Event described above in 11