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The financial information and operating data to be provided pursuant to this Section may be <br />set forth in full in one or more documents or may be included by specific reference to any document <br />that is available to the public on the MSRB's internet web site or filed with the SEC. All documents <br />provided to the MSRB pursuant to this Section shall be accompanied by identifying information as <br />prescribed by the MSRB. <br />(b) Material Event Notices. The City shall notify the MSRB, in an electronic format as <br />prescribed by the MSRB, in a timely manner not in excess of ten business days after the occurrence <br />of the event, of any of the following events with respect to the Bonds: <br />A. Principal and interest payment delinquencies; <br />B. Non - payment related defaults, if material within the meaning of the federal <br />securities laws; <br />C. Unscheduled draws on debt service reserves reflecting financial difficulties; <br />D. Unscheduled draws on credit enhancements reflecting financial difficulties; <br />E. Substitution of credit or liquidity providers, or their failure to perform; <br />F. Adverse tax opinions, the issuance by the Internal Revenue Service of <br />proposed or final determinations oftaxability, Notices ofProposed Issue (IRS <br />Form 5701 —TEB) or other material notices or determinations with respect to <br />the tax - exempt status of the Bonds, or other events affecting the tax - exempt <br />status of the Bonds <br />G. Modifications to rights of holders of the Bonds, if material within the meaning <br />of the federal securities laws, <br />H. Bond calls, if material within the meaning of the federal securities laws; <br />Defeasances; <br />J. Release, substitution, or sale of property securing repayment of the Bonds, if <br />material within the meaning of the federal securities laws; <br />K. Rating changes; <br />L. Bankruptcy, insolvency, receivership or similar event of the City; <br />M. The consummation of a merger, consolidation, or acquisition involving the <br />City or the sale of all or substantially all of the assets of the City, other than <br />in the ordinary course of business, the entry into a definitive agreement to <br />undertake such an action or the termination of a definitive agreement relating <br />San Marcos GORB 2010 - Delegated: Ordinance 26 <br />