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<br /> If the Disclosure Party changes its fiscal year, it will notify GBRA, each NRMSIR and any <br /> SID in writing of the change (and of the date of the new fiscal year end) prior to the next date by <br /> which the Disclosure Party otherwise would be required to provide financial information and <br /> operating data pursuant to this Section. <br /> 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 incorporated by specific reference to any <br /> document or specific part thereby (including an official statement or other offering document, ifit is <br /> available from the MSRB) that theretofore has been provided to each NRNISIR and any SID or filed <br /> with the SEC. <br /> The Disclosure Party shall, within ten (10) business days of the filings of the annual reports, <br /> notify GBRA in writing that the filings have been made. <br /> Further, the Disclosure Party shall provide (1), in a timely manner, notice of any failure by the <br /> Disclosure Party to provide annual financial statements and operating data in accordance with Section <br /> 2 hereof to each NRMSIR and each SID and (2) within ten (10) business days of the Disclosure <br /> Party's obtaining actual knowledge of the occurrence of any of the events enumerated in 3(a) below, <br /> notice to GBRA of such event. <br /> SECTION 3. Material Event Notices and Annual Report to be Filed by GBRA. <br /> (a) The following are the events with respect to the Bonds that GBRA agrees to disclose <br /> in a timely manner pursuant to the terms hereof, if GBRA determines, pursuant to subsection (b) <br /> below, that such events are "material" under applicable federal securities laws and regulations <br /> promulgated thereunder. <br /> (1) Principal and interest payment delinquencies; <br /> (2) Non-payment related defaults; <br /> (3) Unscheduled draws on debt service reserves reflecting financial difficulties; <br /> (4) Unscheduled draws on credit enhancements reflecting financial difficulties; <br /> (5) Substitution of credit or liquidity providers, or their failure to perform; <br /> (6) Adverse tax opinions or events affecting the tax-exempt status ofthe security; <br /> (7) Modifications to rights of securities holders; <br /> (8) Bond calls; <br /> (9) Defeasances; <br /> 2 <br />