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• Release, substitution or sale of property securing repayment of the Bonds; <br /> and <br /> • Rating changes. <br /> Solely for purposes of disclosure, and not intending to modify this undertaking, the City <br /> advises that there is no property securing repayment of the Bonds, and there is no debt service <br /> reserve fund or account for the Bonds. <br /> (d) Notification Upon Failure to Provide Financial Data. The City agrees to <br /> provide or cause to be provided, in a timely manner, to each NRMSIR or to the MSRB and to the <br /> SID, if any, notice of its failure to provide the annual financial information described in <br /> subsection (b) above on or prior to the date set forth in subsection(b) above. <br /> (e) Termination/Modification. The City's obligations to provide annual <br /> financial information and notices of material events shall terminate upon the legal defeasance, <br /> prior redemption or payment in full of all of the Bonds. This section, or any provision hereof, <br /> shall be null and void if the City (1) obtains an opinion of nationally recognized bond counsel to <br /> the effect that those portions of the Rule which require this section, or any such provision, are <br /> invalid, have been repealed retroactively or otherwise do not apply to the Bonds; and (2)notifies <br /> each then existing NRMSIR and the SID, if any, of such opinion and the cancellation of this <br /> section. <br /> Notwithstanding any other provision of this ordinance, the City may amend this <br /> Section 20, and any provision of this Section 20 may be waived, provided that the following <br /> conditions are satisfied: <br /> 1. If the amendment or waiver relates to the provisions of <br /> Sections 20(b) or (c), it may only be made in connection with a change in circumstances that <br /> -51- P'\CMW\CMW5BE 02/05/21 <br />