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KIM <br />IEIU- <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) to the following entities by telecopy, overnight delivery, mail or other means, as <br />appropriate: <br />(1) the information described in paragraph (1) of subsection (b), to each then nationally <br />recognized municipal securities information repository under the Rule and to any state <br />information depository then designated or operated by the State of Minnesota as contemplated by <br />the Rule (the "State Depository"), if any; <br />(2) the information described in paragraphs (2) and (3) of subsection (b), to the <br />Municipal Securities Rulemaking Board and to the State Depository, if any; and <br />(3) the information described in subsection (b), to any rating agency then maintaining a <br />rating of the Bonds and, at the expense of such Bondowner, to any Bondowner who requests in <br />writing such information, at the time of transmission under paragraphs (1) or (2) of this <br />subsection (c), as the case may be, or, if such information is transmitted with a subsequent time <br />of release, at the time such information is to be released. <br />(d) Term; Amendments; Interpretation. <br />(I) The covenants of the City in this Section 7 shall remain in effect so long as any <br />I3onds 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 (c)(3) hereof) or the consent of the Owners of any Bonds, by a resolution of the City <br />Council filed in the office of the City Clerk of the City accompanied by an opinion of Bond <br />Counsel, who may rely on certificates of the City and others and the opinion may be subject to <br />customary qualifications, to the effect that: (i) such amendment or supplement (a) is made in <br />connection with a change in circumstances that arises from a change in law or regulation or a <br />change in the identity, nature or status of the City or the type of operations conducted by the <br />City, or (b) is required by, or better complies with, the provisions of paragraph (b)(5) of the Rule; <br />(ii) this Section 7 as so amended or supplemented would have complied with the requirements of <br />paragraph (b)(5) of the Rule at the time of the primary offering of the Bonds, giving effect to any <br />