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(4) Unscheduled draws on credit enhancements reflecting financial difficulties; (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; and 11) Rating changes. Certain Other Information 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 at the time specified under "Annual Information" above; (B) the amendment or supplementing of the Disclosure Covenants pursuant to the Bond Resolution, together with a copy of such amendment or supplement and any explanation provided by the City under the Disclosure Covenants; and (C) the termination of the obligations of the City under the Disclosure Covenants pursuant to the Bond Resolution. Manner of Disclosure The City agrees to deliver the information described under "Information to be Disclosed" above to the following entities by telecopy, overnight delivery, mail or other means, as appropriate: (1) the information described under "Annual Information" above, 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 under "Certain Material Events" and "Certain Other Information" above, to the Municipal Securities Rulemaking Board and to the State Depository, if any; and (3) the information described under "Information to be Disclosed" to any rating agency then maintaining a rating of the Bonds and, at the expense of such Bondholder, to any bondholder who requests in writing such information, at the time of transmission under clauses (1) or (2) above, as the case may be, or, if such information is transmitted with a subsequent time of release, at the time such information is to be released. Term • The Disclosure Covenants shall remain in effect until all Bonds have been paid or defeased under the Bond Resolution. Notwithstanding the preceding sentence, however, the Disclosure Covenants shall terminate and be without further effect as of any date on which the City 11-3