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• Bondowner who requests in writing such information, at the time of transmission under <br /> paragraphs (1) or(2) of this subsection(c), as the case may be, or, if such information is <br /> transmitted with a subsequent time of release, at the time such information is to be <br /> released. <br /> (d) Term, Amendments, Interpretation. <br /> (1) The covenants of the City in this Section 8 shall remain in effect so long <br /> as any Bonds are Outstanding. Notwithstanding the preceding sentence, however, the <br /> obligations of the City under this Section 8 shall terminate and be without further effect <br /> as of any date on which the City delivers to the Registrar an opinion of Bond Counsel to <br /> the effect that,because of legislative action or final judicial or administrative actions or <br /> proceedings, the failure of the City to comply with the requirements of this Section 8 will <br /> not cause participating underwriters in the primary offering of the Bonds to be in <br /> violation of the Rule or other applicable requirements of the Securities Exchange Act of <br /> 1934, as amended, or any statutes or laws successory thereto or amendatory thereof. <br /> (2) This Section 8 (and the form and requirements of the Disclosure <br /> Information) may be amended or supplemented by the City from time to time,without <br /> notice to (except as provided in paragraph (c)(3)hereof)or the consent of the Owners of <br /> any Bonds, by a resolution of the City Council filed in the office of the City Clerk of the <br /> City accompanied by an opinion of Bond Counsel, who may rely on certificates of the <br /> City and others and the opinion may be subject to customary qualifications, to the effect <br /> • that: (i) such amendment or supplement(a) is made in connection with a change in <br /> circumstances that arises from a change in law or regulation or a change in the identity, <br /> nature or status of the City or the type of operations conducted by the City, or(b) is <br /> required by, or better complies with, the provisions of paragraph(b)(5) of the Rule; <br /> (ii)this Section 8 as so amended or supplemented would have complied with the <br /> requirements of paragraph(b)(5) of the Rule at the time of the primary offering of the <br /> Bonds, giving effect to any change in circumstances applicable under clause (i)(a) and <br /> assuming that the Rule as in effect and interpreted at the time of the amendment or <br /> supplement was in effect at the time of the primary offering; and (iii) such amendment or <br /> supplement does not materially impair the interests of the Bondowners under the Rule. <br /> If the Disclosure Information is so amended, the City agrees to provide, <br /> contemporaneously with the effectiveness of such amendment, an explanation of the <br /> reasons for the amendment and the effect, if any, of the change in the type of financial <br /> information or operating data being provided hereunder. <br /> (3) This Section 8 is entered into to comply with the continuing disclosure <br /> provisions of the Rule and should be construed so as to satisfy the requirements of <br /> paragraph (b)(5) of the Rule. <br /> is <br /> -19- <br />