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F-4 <br />agreement relating to any such actions, other than pursuant to its terms, if <br />material. <br />(14) Appointment of a successor or additional Trustee or the change of name <br />of the Trustee, if material. <br />(15) Incurrence of a financial obligation of the obligated person, if material, or <br />agreement to covenants, events of default, remedies, priority rights, or <br />other similar terms of a financial obligation of the obligated person, any of <br />which affect security holders, if material. <br />(16) Default, event of acceleration, termination event, modification of terms, or <br />other similar events under the terms of a financial obligation of the <br />obligated person, any of which reflect financial difficulties. <br />(b) Upon the occurrence of a Listed Event, the City shall, or shall cause the <br />Dissemination Agent (if not the City) to, file a notice of such occurrence with the MSRB, in an <br />electronic format as prescribed by the MSRB, in a timely manner not in excess of 10 Business <br />Days after the occurrence of the Listed Event. Notwithstanding the foregoing, notice of Listed <br />Events described in subsection (a)(8) above need not be given under this subsection any earlier <br />than the notice (if any) of the underlying event is given to holders of affected Bonds under the <br />Indenture. <br />(c) The City acknowledges that the events described in subparagraphs (a)(2), (a)(7), <br />(a)(8) (if the event is a bond call), (a)(10), (a)(13), (a)(14), and (a)(15) of this Section 5 contain <br />the qualifier “if material” and that subparagraph (a)(6) also contains the qualifier “material” with <br />respect to certain notices, determinations or other events affecting the tax status of the Bonds. <br />The City shall cause a notice to be filed as set forth in paragraph (b) above with respect to any <br />such event only to the extent that it determines the event’s occurrence is material for purposes of <br />U.S. federal securities law. Upon occurrence of any of these Listed Events, the City will as soon <br />as possible determine if such event would be material under applicable federal securities law. If <br />such event is determined to be material, the City will cause a notice to be filed as set forth in <br />paragraph (b) above. <br />(d) For purposes of this Disclosure Certificate, any event described in paragraph <br />(a)(12) above is considered to occur when any of the following occur: the appointment of a <br />receiver, trustee, or similar officer for the City in a proceeding under the United States Bankruptcy <br />Code or in any other proceeding under state or federal law in which a court or governmental <br />authority has assumed jurisdiction over substantially all of the assets or business of the City, or if <br />such jurisdiction has been assumed by leaving the existing governing body and officials or officers <br />in possession but subject to the supervision and orders of a court or governmental authority, or <br />the entry of an order confirming a plan of reorganization, arrangement, or liquidation by a court or <br />governmental authority having supervision or jurisdiction over substantially all of the assets or <br />business of the City. <br />(e) For purposes of Section 5(a)(15) and (16), “financial obligation” means a (i) debt <br />obligation; (ii) derivative instrument entered into in connection with, or pledged as security or a <br />source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The <br />term financial obligation shall not include municipal securities as to which a final official statement <br />has been provided to the Municipal Securities Rulemaking Board consistent with the Rule. <br />8.A. - Page 95 of 255 <br />723