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redemption or payment in full of all of the Bonds. Any provision of this section shall be null and <br /> void if the City (1) obtains an opinion of nationally recognized bond counsel to the effect that the <br /> portion of the Rule that requires that provision is invalid, has been repealed retroactively or <br /> otherwise does not apply to the Bonds and (2) notifies the MSRB of such opinion and the <br /> cancellation of this section. <br /> The City may amend this section with an opinion of nationally recognized bond counsel <br /> in accordance with the Rule. In the event of any amendment of this section, the City shall <br /> describe such amendment in the next annual report, and shall include, a narrative explanation of <br /> the reason for the amendment and its impact on the type (or in the case of a change of accounting <br /> principles, on the presentation) of financial information or operating data being presented by the <br /> City. In addition, if the amendment relates to the accounting principles to be followed in <br /> preparing financial statements, (A) notice of such change shall be given in the same manner as <br /> for a material event under Subsection (c), and (B) the annual report for the year in which the <br /> change is made shall present a comparison (in narrative form and also, if feasible, in quantitative <br /> form) between the financial statements as prepared on the basis of the new accounting principles <br /> and those prepared on the basis of the former accounting principles. <br /> (g) Bond Owner's Remedies Under This Section. The right of any bondowner or <br /> Beneficial Owner of Bonds to enforce the provisions of this section shall be limited to a right to <br /> obtain specific enforcement of the City's obligations under this section, and any failure by the <br /> City to comply with the provisions of this undertaking shall not be an event of default with <br /> respect to the Bonds. <br /> (h) No Default. The City is not and has not been in default in the performance of its <br /> obligations of any prior undertaking for ongoing disclosure with respect to its obligations. <br /> -24- P:\20287 CM\M20287 8RS 02/08/10 <br />