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information generally available to the public. Notwithstanding the foregoing sentence, a <br /> "Material Fact" is also an event that would be deemed "material" for purposes of the purchase, <br /> holding or sale of a Bond within the meaning of applicable federal securities laws, as interpreted <br /> at the time of discovery of the occurrence of the event. <br /> (3) In a timely manner, notice of the occurrence of any of the following events or <br /> conditions: <br /> (A) the failure of the City to provide the Disclosure Information <br /> required under paragraph (1) of this subsection (b) at the time specified <br /> thereunder; <br /> (B) the amendment or supplementing of this Section 6 pursuant to <br /> subsection (d), together with a copy of such amendment or supplement and <br /> any explanation provided by the City under paragraph (2) of subsection (d); <br /> (C) the termination of the obligations of the City under this Section 6 <br /> pursuant to subsection (d); <br /> (D) any change in the accounting principles pursuant to which the financial <br /> statements constituting a portion of the Disclosure Information are prepared; and <br /> (E) any change in the fiscal year of the City. <br /> (c) Manner of Disclosure. The City agrees to make available the information <br /> described in subsection (b) as follows: <br /> (1) The City agrees to make available to the MSRB, in an electronic format as <br /> prescribed by the MSRB from time to time, the information described in subsection (b). <br /> (2) All documents provided to the MSRB pursuant to this subsection (c) shall be <br /> accompanied by identifying information as prescribed by the MSRB from time to time. <br /> (d) Term; Amendments; Interpretation. <br /> (1) The covenants of the City in this Section 6 shall remain in effect so long as <br /> any Bonds are Outstanding. Notwithstanding the preceding sentence, however, the obligations <br /> of the City under this Section 6 shall terminate and be without further effect as of any date on <br /> which the City delivers to the Registrar an opinion of Bond Counsel to the effect that, because of <br /> legislative action or final judicial or administrative actions or proceedings, the failure of the City <br /> to comply with the requirements of this Section 6 will not cause participating underwriters in the <br /> primary offering of the Bonds to be in violation of the Rule or other applicable requirements of <br /> the Securities Exchange Act of 1934, as amended, or any statutes or laws successory thereto or <br /> amendatory thereof. <br /> -22- <br />