Laserfiche WebLink
within the meaning of applicable federal securities laws, as interpreted at the time of discovery of <br /> 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 7 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 7 <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 described <br /> 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 7 shall remain in effect so long as any <br /> Bonds are Outstanding. Notwithstanding the preceding sentence, however, the obligations of the <br /> City under this Section 7 shall terminate and be without further effect as of any date on which the <br /> City delivers to the Registrar an opinion of Bond Counsel to the effect that,because of legislative <br /> action or final judicial or administrative actions or proceedings, the failure of the City to comply <br /> with the requirements of this Section 7 will not cause participating underwriters in the primary <br /> offering of the Bonds to be in violation of the Rule or other applicable requirements of the <br /> Securities Exchange Act of 1934, as amended, or any statutes or laws successory thereto or <br /> amendatory thereof. <br /> (2) This Section 7 (and the form and requirements of the Disclosure Information) may be <br /> amended or supplemented by the City from time to time, without notice to (except as provided in <br /> paragraph (3) of subsection (b)) or the consent of the Owners of any Bonds, by a resolution of <br /> this Council filed in the office of the recording officer of the City accompanied by an opinion of <br /> Bond Counsel, who may rely on certificates of the City and others and the opinion may be <br /> -19- <br />