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(f) Remedy for Failure to Comply with Undertaking. As soon as practicable after the <br />City learns of any material failure to comply with this Undertaking, the City will proceed with due <br />diligence to cause such noncompliance to be corrected. No failure by the City or other obligated <br />person to comply with this Undertaking shall constitute a default in respect of the Bonds. The sole <br />remedy of any holder of a Bond shall be to take action to compel the City or other obligated person <br />to comply with this Undertaking, including seeking an order of specific performance from an <br />appropriate court. <br />(g) Designation of Official Responsible to Administer Undertaking. The Finance <br />Director (or such officer's designee) is the person designated, in accordance with the Bond <br />Ordinance, to carry out the Undertaking in accordance with Rule 15c2-12, including, without <br />limitation, the following actions: <br />(i) Preparing and filing the amlual financial information undertaken to be <br />provided; <br />(ii) Determining whether any event specified in paragraph (a) has occurred, <br />assessing its materiality, where necessary, with respect to the Bonds, and preparing and <br />disseminating any required notice of its occurrence; <br />(iii) Determining whether any person other than the City is an "obligated person" <br />within the meaning of Rule 15c2-12 with respect to the Bonds, and obtaining from such <br />person an undertaking to provide any annual financial information and notice of listed events <br />for that person required under Rule 15c2-12; <br />(iv) Selecting, engaging and compensating designated agents and consultants, <br />including financial advisors and legal counsel, to assist and advise the City in carrying out <br />this Undertaking; and <br />(v) Effecting any necessary amendment of this Undertaking. <br />