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Statement, information disclosed hereunder or information generally available to the public. <br />Notwithstanding the foregoing sentence, an event is also “material” if it is an event that would be <br />deemed material for purposes of the purchase, holding or sale of a Bond within the meaning of <br />applicable federal securities laws, as interpreted at the time of discovery of the occurrence of the <br />event. <br /> <br />For the purposes of the event identified in (L) hereinabove, the event is considered to occur when <br />any of the following occur: the appointment of a receiver, fiscal agent or similar officer for an <br />obligated person in a proceeding under the U.S. Bankruptcy Code or in any other proceeding <br />under state or federal law in which a court or governmental authority has assumed jurisdiction <br />over substantially all of the assets or business of the obligated person, or if such jurisdiction has <br />been assumed by leaving the existing governing body and officials or officers in possession but <br />subject to the supervision and orders of a court or governmental authority, or the entry of an <br />order confirming a plan of reorganization, arrangement or liquidation by a court or governmental <br />authority having supervision or jurisdiction over substantially all of the assets or business of the <br />obligated person. <br /> <br />(3) In a timely manner, notice of the occurrence of any of the following events or <br />conditions: <br /> <br />(A) the failure of the City to provide the Disclosure Information required under <br />paragraph (b)(1) at the time specified thereunder; <br />(B) the amendment or supplementing of this section pursuant to subsection (d), <br />together with a copy of such amendment or supplement and any explanation <br />provided by the City under subsection (d)(2); <br />(C) the termination of the obligations of the City under this section pursuant to <br />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; <br />and <br />(E) any change in the fiscal year of the City. <br /> <br />(c) Manner of Disclosure. <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 <br />(b). <br /> <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 <br />time. <br /> <br />(d) Term; Amendments; Interpretation. <br />(1) The covenants of the City in this section shall remain in effect so long as any Bonds <br />are Outstanding. Notwithstanding the preceding sentence, however, the obligations <br />of the City under this section shall terminate and be without further effect as of any <br />39