Res 2010-108 - Laserfiche WebLink

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which it must be provided. If the audit of such financial statements is not complete within such period, then the Disclosure Party shall provide unaudited financial statements for the applicable fiscal year to the MSRB through EMMA within the period during which it must be provided and the audited financial statements, when and if the audit report on such statements become available. If the Disclosure Party changes its fiscal year, currently ending on September 30` of each year, it will notify GBRA and the MSRB through EMMA in writing of the change (and of the date of the new fiscal year end) prior to the next date by which the Disclosure Party otherwise would be required to provide the financial information and operating data pursuant to this Section. The financial information and operating data to be provided pursuant to this Section may be set forth in full in one or more documents or may be incorporated by specific reference to any document or specific part thereby (including an official statement or other offering document, if it is available from the MSRB through EMMA) that theretofore has been provided to the MSRB through EMMA or filed with the SEC. The Disclosure Party shall, within ten (10) business days of the filings of the annual reports, notify GBRA in writing that the filings have been made. Further, the Disclosure Party shall provide, in a timely manner, notice of any failure by the Disclosure Party to provide the annual financial statements and operating data in accordance with Section 2 hereof to the MSRB through EMMA. SECTION 3. MATERIAL EVENT NOTICES AND ANNUAL REPORT TO BE FILED BY GBRA (a) The following are the events with respect to the Bonds that GBRA agrees to disclose in a timely manner pursuant to the terms hereof, if GBRA determines, pursuant to subsection (b) below, that such events are "material" under applicable federal securities laws and regulations promulgated thereunder. (1) Principal and interest payment delinquencies; (2) Non - payment related defaults; (3) Unscheduled draws on debt service reserves reflecting financial difficulties; (4) Unscheduled draws on credit enhancements reflecting financial difficulties; (5) Substitution of credit or liquidity providers, or their failure to perform; (6) Adverse tax opinions or events affecting the tax - exempt status of the security; (7) Modifications to rights of securities holders; (8) Bond calls;