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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 />12.02. Material Event Notices. <br />The City shall notify the MSRB, in an electronic format as prescribed by the MSRB, in a <br />timely manner not in excess of ten business days after the occurrence of the event, of any of the <br />following events with respect to the Certificates: <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 Certificates, or other events affecting the <br />tax - exempt status of the Certificates <br />G. Modifications to rights of holders of the Certificates, if material within the <br />meaning of the federal securities laws; <br />H. Certificate calls, if material within the meaning of the federal securities laws; <br />I. Defeasances; <br />J. Release, substitution, or sale of property securing repayment of the <br />Certificates, if 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 />San Marcos CTRCO 2011: Ordinance 35 <br />