Res 1998-192 - Laserfiche WebLink

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No default by GBRA or the Disclosure Party in observing or performing their respective obligations under this Agreement shall comprise a breach of or default under any resolution ofGBRA authorizing the issuance of the Bonds, or any contract relating thereto, for purposes of any other provision of this Agreement. Nothing in this Agreement is intended or shall act to disclaim, waive, or otherwise limit the duties of GBRA or the Disclosure Party under federal and state securities laws. The provisions of this Agreement may be amended by GBRA and the Disclosure Party ITom time to time to adapt to changed circumstances that arise ITom a change in legal requirements, a change in law, or a change in the identity, nature, status, or type of operations of GBRA or the Disclosure Party, but only if (1) the provisions of this Agreement, as so amended, would have permitted an underwriter to purchase or sell the Bonds in the primary offering of the Bonds in compliance with the Rule, taking into account any amendments or interpretations of the Rule since such offering as well as such changed circumstances and (2) either (a) the bondholders or beneficial owners of a majority in aggregate principal amount (or any greater amount required by any other provision of this Agreement that authorizes such an amendment) of outstanding Bonds consent to such amendment or (b) an entity that is unaffiliated with GBRA or the Disclosure Party (such as nationally recognized bond counsel) determines that such amendment will not materially impair the interest of the bondholders and beneficial owners of the Bonds and is permitted by the terms of the Agreement. If GBRA and the Disclosure Party so amend the provisions of this Agreement in connection with the financial or operating data which it is required to disclose under Section 2 hereof, the Disclosure Party shall provide a notice of such amendment to be filed in accordance with Section 3 (b) hereof, together with an explanation, in narrative form, of the reason for the amendment and the impact of any change in the type of financial information or operating data to be so provided. GBRA and the Disclosure Party may also amend or repeal the provisions of this continuing disclosure agreement if the SEC amends or repeals the applicable provision of the Rule or a ,court of final jurisdiction enters judgment that such provisions of the Rule are invalid, but only if and to the extent that the provisions of this sentence would not prevent an underwriter from lawfully purchasing or selling the Bonds in the primary offering of the Bonds. SECTION 5. Disclosure Obligations Following Delivery of Final Official Statement If at any time prior to the first to occur of (i) the date upon which the "Representative" of the "Underwriters" (as such terms are defined in the Bond Purchase Contract relating to the issuance of the Bonds) for the Bonds notifies the Disclosure Party that the period of the initial public offering of the Bonds has expired or (ii) the date that is 180 days after the date GBRA authorized the sale of the Bonds, any event shall occur which might or would cause the final official statement for the Bonds to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to made the statement therein, in light of the circumstances under which they were made, not misleading, the Disclosure Party shall notify the Representative, and if, in the opinion of the Representative, such events requires the preparation and publication of a supplement or amendment to such final official statement, the Disclosure Party will so notify GBRA and will cooperate in providing all relevant information for the purpose of causing GBRA, at its expense, to supplement or amend such final official statement in the form and in a manner approved by the 4