AgdaPkt 2003-07-28 - Laserfiche WebLink

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8.A -?5 (f) A copy of the annual information required to be Sled by the City on behalf of the District with the California Debt and Investment Advisory Commission (the "CDIAC Reportl; and (g) In addition to any of the information expressly required to be provided under paragraphs (a) through (e) of this Section, the City shall provide such further information, if any, as may be necessary to make the specifically required statements, in the light of the circumstances under which they are made, not misleading. Any or all of the items listed above may be included by specific reference to other documents, including official statements of debt issues of the City or related public entities, which have been submitted to each of the Repositories or the Securities and Exchange Commission. If the document included by reference is a final official statement, it must be available from the Municipal Securities Rulemaking Board. The City shall clearly identify each such other document so included by reference. Section 5. Renortina of Si¢ni9cant Events. (a) Pursuant to the provisions of this Section 5, the City shall give, or cause to be given, notice of the occurrence of any of the following events with respect to the Bonds, if material: (1) (3) (4) (5) (6) (7) (8) (9) (10) (11) Principal and interest payment delinquencies. Non - payment related defaults. Unscheduled draws on debt service reserves reflecting financial difficultles. Unscheduled draws on credit enhancements reflecting financial difficulties. Substitution of credit or liquidity providers, or their failure to perform Adverse tax opinions or events affecting the tax - exempt status of the security. Modifications to rights of security holders. Contingent or unscheduled Bond calls. Defeasances. Release, substitution, or sale of property securing repayment of the securities. Rating changes. (b) Whenever the City obtains knowledge of the occurrence of a Listed Event, the City shall as soon as possible determine if such event would be material under applicable Federal securities law. (c) If the City determines that knowledge of the occurrence of a Listed Event would be material under applicable Federal securities law, the City shall promptly file a notice of such occurrence with the Municipal Securities Rulemaking Board and each State Repository with a copy to the Fiscal Agent and the Participating Underwriter. Notwithstanding the foregoing, notice of Listed Events described in subsections (a) (8) and (9) need not be given under this subsection any earlier than the notice (If any) of the underlying event is given to holden; of affected Bonds pursuant to the Fiscal Agent Agreement Section 6. Termination of RenorliniLObliaation. The City's obligations under this Disclosure Certificate shall terminate upon the legal defeasance, prior redemption or payment in full of all of the Bonds. If such termination occurs prior to the final maturity of the Bonds, the City shall give notice of such termination in the same manner as for a Listed Event under Section 5(c). Section 7. Dissemination Aggn_t The City may, from time to time, appoint or engage a Dissemination Agent to assist it in carrying out its obligations under this Disclosure Certificate, and may discharge any such Agent, with or without appointing a successor Dissemination Agent The initial Dissemination Agent will be MuniFinancial. E -3