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

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of the information disclosed pursuant hereto, then the Bondholders of not less than twenty percent (20 %) of the aggregate principal amount of the then outstanding Bonds must take the actions described above before the Obligor shall be compelled to perform with respect to the adequacy of such information disclosed pursuant to this Agreement. Section 11. Duties of Dissemination Agent. The Dissemination Agent shall have only such duties as are specifically set forth in this Agreement. Section 12. Beneficiaries. This Agreement shall inure solely to the benefit of the Obligor, the Dissemination Agent, the Participating Underwriter, if any, and the Bondholders and shall create no rights in any other person or entity. Section 13. Transmission of Information and Notices. Unless otherwise required by law or this Agreement, and, in the sole determination of the Obligor or the Dissemination Agent, as applicable, subject to technical and economic feasibility, the Obligor or the Dissemination Agent, as applicable, shall employ such methods of information and notice transmission as shall be requested or recommended by the herein - designated recipients of such information and notices. Section 14. Additional Disclosure Obligations. The Obligor acknowledges and understands that other State and federal laws, including, without limitation, the Securities Act of 1933, as amended, and Rule l Ob -5 promulgated by the SEC pursuant to the 1934 Act, may apply to the Obligor, and that under some circumstances, compliance with this Agreement, without additional disclosures or other action, may not fully discharge all duties and obligations of the Obligor under such laws. Section 15. Governing Law. This Agreement shall be construed and interpreted in accordance with the laws of the State, and any suits and actions arising out of this Agreement shall be instituted in a court of competent jurisdiction in the State. Notwithstanding the foregoing, to the extent this Agreement addresses matters of federal securities laws, including the Rule, this Agreement shall be construed and interpreted in accordance with such federal securities laws and official interpretations thereof. Section 16. Severability. If any portion of this Agreement is held or deemed to be, or is, invalid, illegal, inoperable or unenforceable, the validity, legality, operability or enforceability of the remaining portions of this Agreement shall not be affected, and this Agreement shall be construed as if it did not contain such invalid, illegal, inoperable or unenforceable portion. SIGNATURE PAGE TO FOLLOW 7