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53 generally available to the public,. Notwithstanding the foregoing sentence, a "Material Fact" is also an event that would be deemed "material" for purposes of the purchase, holding or sale of a Bond within the meaning of applicable federal securities laws, as interpreted at the, time. of discovery of the occurrence of the. . . event. (3) In a timely manner, notice of the occurrence of any of the following events or conditions : (A) the failure of the City to provide the Disclosure Information required under paragraph (b) (1) at the time specified thereunder; (B) the amendment or supplementing of this Section 7 pursuant to subsection (d) , together with a copy of such amendment or supplement and any explanation provided by the City under subsection (d) (2) ; (C) the termination of the obligations of the City under this Section 7 pursuant to subsection (d) ; (D) any change in the accounting principles pursuant to which the financial statements constituting a portion of the Disclosure Information are prepared; and (E) any change in the fiscal year of the City. (c) Manner of Disclosure . The City agrees to make available the information described in subsection (b) to the following entities by telecopy, overnight delivery, mail or other means, as appropriate : (1) the information described in paragraph (1) of subsection (b)-, to each then nationally recognized municipal securities- information repository under -the Rule and to any state information depository then designated or operated by the State of Minnesota as contemplated by the Rule (the "State Depository") , if any; (2) the information described in paragraphs (2) and (3) of subsection (b) , to the Municipal Securities Rulemaking Board and to the State Depository, if any; and (3) the information described in subsection (b) , to any rating agency then maintaining a rating of the Bonds and, at the -21-