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<br />II-3 <br /> Any or all of the items listed above may be incorporated by reference from other documents, including <br />official statements of debt issues of the Issuer or related public entities, which have been submitted to the <br />Repository or the SEC. If the document incorporated by reference is a final official statement, it must also be <br />available from the MSRB. The Issuer shall clearly identify each such other document so incorporated by <br />reference. <br /> <br /> Section 5. Reporting of Material Events. <br /> <br />(a) This Section 5 shall govern the giving of notice of the occurrence of any of the following <br />events (“Material Events”) with respect to the Bonds: <br /> <br />1. Principal and interest payment delinquencies; <br /> <br />2. Non-payment related defaults, if material; <br /> <br />3. Unscheduled draws on debt service reserves reflecting financial difficulties; <br /> <br />4. Unscheduled draws on credit enhancements reflecting financial difficulties; <br /> <br />5. Substitution of credit or liquidity providers, or their failure to perform; <br /> <br />6. Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final <br />determinations of taxability, Notices of Proposed Issue (IRS Form 5701–TEB), or other <br />material notices or determinations with respect to the tax status of the security, or other <br />material events affecting the tax status of the security; <br /> <br />7. Modifications to rights of security holders, if material; <br /> <br />8. Bond calls, if material, and tender offers; <br /> <br />9. Defeasances; <br /> <br />10. Release, substitution, or sale of property securing repayment of the securities, if material; <br /> <br />11. Rating changes; <br /> <br />12. Bankruptcy, insolvency, receivership or similar event of the obligated person; <br /> <br />13. The consummation of a merger, consolidation, or acquisition involving an obligated person <br />or the sale of all or substantially all of the assets of the obligated person, other than in the <br />ordinary course of business, the entry into a definitive agreement to undertake such an <br />action or the termination of a definitive agreement relating to any such actions, other than <br />pursuant to its terms, if material; and <br /> <br />14. Appointment of a successor or additional trustee or the change of name of a trustee, if <br />material. <br /> <br /> (b) The Issuer shall file a notice of such occurrence with the Repository or with the MSRB within <br />ten (10) business days of the occurrence of the Material Event. <br /> <br /> (c) Unless otherwise required by law and subject to technical and economic feasibility, the Issuer <br />shall employ such methods of information transmission as shall be requested or recommended by the <br />designated recipients of the Issuer’s information.