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8.A. - Page 97 <br /> Section 5.Reporting of Listed Events. <br /> (a) Reportable Events. The City shall, or shall cause the Dissemination Agent (if not the City) to, <br /> give notice of the occurrence of any of the following events with respect to the Bonds: <br /> (1) Principal and interest payment delinquencies. <br /> (2) Unscheduled draws on debt service reserves reflecting financial difficulties. <br /> (3) Unscheduled draws on credit enhancements reflecting financial difficulties. <br /> (4) Substitution of credit or liquidity providers,or their failure to perform. <br /> (5) Defeasances. <br /> (6) Rating changes. <br /> (7) Tender offers. <br /> (8) Bankruptcy,insolvency,receivership or similar event of the obligated person. <br /> (9) Adverse tax opinions, the issuance by the Internal Revenue Service of proposed <br /> or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701- <br /> TEB) or other material notices or determinations with respect to the tax status of <br /> the security,or other material events affecting the tax status of the security. <br /> Note:For the purposes of the event identified in subparagraph(8),the event is considered to occur <br /> when any of the following occur:the appointment of a receiver,fiscal agent or similar officer for an <br /> obligated person in a proceeding under the U.S. Bankruptcy Code or in any other proceeding <br /> under state or federal law in which a court or governmental authority has assumed jurisdiction <br /> over substantially all of the assets or business of the obligated person, or if such jurisdiction has <br /> been assumed by leaving the existing governmental body and officials or officers in possession but <br /> subject to the supervision and orders of a court or governmental authority,or the entry of an order <br /> confirming a plan of reorganization, arrangement or liquidation by a court or governmental <br /> authority having supervision or jurisdiction over substantially all of the assets or business of the <br /> obligated person. <br /> (b)Material Reportable Events. The City shall give, or cause to be given,notice of the occurrence of <br /> any of the following events with respect to the Bonds,if material: <br /> (1) Non-payment related defaults. <br /> (2) Modifications to rights of security holders. <br /> (3) Bond calls. <br /> (4) The release,substitution,or sale of property securing repayment of the securities. <br /> (5) The consummation of a merger, consolidation, or acquisition involving an <br /> obligated person or the sale of all or substantially all of the assets of the obligated <br /> person, other than in the ordinary course of business, the entry into a definitive <br /> agreement to undertake such an action or the termination of a definitive <br /> agreement relating to any such actions,other than pursuant to its terms. <br /> (6) Appointment of a successor or additional trustee, or the change of name of a <br /> trustee. <br /> (c)Time to Disclose. The City shall,or shall cause the Dissemination Agent(if not the City)to,file a <br /> notice of such occurrence with EMMA, in an electronic format as prescribed by the MSRB, in a timely <br /> manner not in excess of 10 business days after the occurrence of Any Listed Event. Notwithstanding the <br /> Appendix F <br /> Page 3 <br />