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The financial information and operating data to be provided pursuant to this subsection may <br />be set forth in full in one or more documents or may be included by specific reference to any <br />document that is available to the public on the MSRB's internet web site or filed with the SEC. All <br />documents provided to the MSRB pursuant to this subsection shall be accompanied by identifying <br />information as prescribed by the MSRB. <br />Section 12.02. Certain 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, if such event is material within the meaning of the <br />federal securities laws: <br />A. Principal and interest payment delinquencies; <br />B. Non - payment related defaults; <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 proposed or <br />final determinations of taxability, Notices of Proposed Issue (IRS Form 5701 —TEB) <br />or other material notices or determinations with respect to the tax - exempt status of <br />the Certificates, or other events affecting the tax - exempt status of the Certificates; <br />G. Modifications to rights of holders of the Certificates; <br />H. Certificate calls; <br />I. Defeasances; <br />J. Release, substitution, or sale of property securing repayment of the Certificates; <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 City or <br />the sale of all or substantially all of the assets of the City, other than in the ordinary <br />course of business, the entry into a definitive agreement to undertake such an action <br />or the termination of a definitive agreement relating to any such actions, other than <br />pursuant to its terms; and <br />San Marcos CTRCO 2013: Ordinance 38 <br />