09/09/1996 Council Packet - Laserfiche WebLink

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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 security holders; 8. Bond calls; 9. Defeasances; 10. Release, substitution, or sale of property securing repayment of the securities; 11. Rating changes. C. Assist Client in the dissemination of the Annual Report and any Significant Events that must be reported to the various repositories. D. Advisor will furnish a notification of compliance with the Continuing Disclosure requirements within 30 days after submission of the Annual Report. II. Client agrees to provide the Advisor with accurate information with respect to compiling the Annual Report in a timely manner and to fully disclose to Advisor any Significant Events as they occur. III. For its services, as specified in I. above, Advisor shall be compensated in the amount of $200 annually for each Debt Obligation covered by the Addendum. An Annual Report must be filed for each covered Debt Obligation outstanding. In a reporting period in which Client does not issue debt which produces an Official Statement that can be used as the Annual Report for a particular type of covered Debt Obligation outstanding (i.e., general obligation, revenue, utility, housing, etc.), an additional fee of $1,300 per type of debt will be charged for preparation of the Annual Report required to comply with the Continuing Disclosure Undertaking for that type of covered Debt Obligation. Client shall be responsible for county auditor certification fees, if required, and any legal fees incurred regarding compliance or interpretation of Significant Events or filing of the Annual Report. This Addendum shall continue for the term of each Debt Obligation or until such time as either Client or Advisor terminates it by not less than 30 days written notice to the other party. Advisor shall be relieved of all liability with respect to its obligations hereunder if any information required to be submitted to Advisor hereunder is not timely submitted to Advisor. In the event at Client's request Advisor performs services described in this Addendum reasonably understood by Advisor to be performed pursuant to the Addendum after signing by Advisor, but before signing by Client, such services shall be subject to the provisions of the Addendum as if the Addendum had been signed by both parties. Signed as of , 19_, the effective date of the Addendum. FOR CLIENT SPRINGSTED Incorporated Title Gerard B. Shannon Vice President A-2