Laserfiche WebLink
54 <br /> . expense of such Bondowner, to any Bondowner who requests in <br /> writing such information, at the time of transmission under <br /> paragraphs ( 1) or (2) of this subsection (c) , as the case may be, <br /> or, if such information is transmitted with a subsequent time of <br /> release, at the .time such information is to be released. <br /> (d) Term; Amendments; Interpretation. <br /> (1) The covenants of the City in this Section 7 shall <br /> remain in effect so long as any Bonds are Outstanding. <br /> Notwithstanding the preceding sentence, however, the obligations <br /> of the City under this Section 7 shall terminate and be without <br /> further effect as of any date on which the City delivers to the <br /> Registrar an opinion of Bond Counsel to the effect that, because <br /> of legislative action or final judicial or administrative actions <br />.. or proceedings, the failure of the City to comply with the <br /> requirements of this Section 7 will not cause participating <br /> underwriters in the primary offering of the Bonds to be in <br /> violation of the Rule or other applicable requirements of the <br /> Securities Exchange Act of 1934, as amended, or any statutes or <br /> laws successory thereto or amendatory thereof. <br /> . (2) Thi.s Section 7. (and the form and requirements of the <br /> Disclosure Information) . may be amended or :supplemented by the <br /> City from time to time, without notice to (except as provided in <br /> paragraph (c) (3) hereof) or the consent of the Owners of any <br /> Bonds, by a resolution of the City Council filed in the office of <br /> the City Clerk of the City accompanied by an opinion of Bond <br /> Counsel, who may rely on certificates of the City and others and <br /> the opinion may be subject to customary qualifications, to the <br /> effect that: (i) such amendment or supplement (a) is made in <br /> connection with a change in circumstances that arises from a <br /> change in law or regulation or a change in the identity, nature <br /> or status of the City or the type of operations conducted by the <br /> City, or (b) is required by, or better complies with, the <br /> provisions, of paragraph (b) (5) of the Rule; (ii) this Section 7. <br /> as so amended or supplemented would have complied with the <br /> requirements of paragraph (b) (5) of the Rule at the time of the <br /> primary offering of the Bonds, giving effect to any change in <br /> circumstances applicable under clause (i) (a) and assuming that <br /> the Rule as' in effect and interpreted at the time of the <br /> amendment or supplement was in effect at the time of the primary <br /> offering; and (iii) such amendment or supplement does not <br /> materially impair the interests of the Bondowners under the Rule. <br /> If the Disclosure Information is so amended, the City agrees <br /> . to provide, contemporaneously with the effectiveness of such <br /> -22- <br />