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W. <br />(C) the termination of the obligations of the City under this Section 8 <br />pursuant to subsection (d); <br />(D) any change in the accounting principles pursuant to which the <br />financial statements constituting a portion of the Disclosure Information are <br />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) to the following entities by telecopy, overnight delivery, mail or other <br />means, as appropriate: <br />(1) the information described in paragraph (1) of subsection (b), to each then <br />nationally recognized municipal securities information repository under the Rule and to <br />any state information depository then designated or operated by the State of Minnesota as <br />contemplated by the Rule (the "State Depository"), if any; <br />(2) the information described in paragraphs (2) and (3) of subsection (b), to <br />the 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 <br />maintaining a rating of the Bonds and, at the expense of such Bondowner, to any <br />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 />-23- <br />