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• Unscheduled draws on debt service reserves reflecting financial <br /> difficulties; <br /> • Unscheduled draws on credit enhancements reflecting financial <br /> difficulties; <br /> • Substitution of credit or liquidity providers, or their failure to perform; <br /> • Adverse tax opinions, the issuance by the Internal Revenue Service of <br /> proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form <br /> 5701-TEB) or other material notices or determinations with respect to the tax status of the <br /> Bonds, or other material events affecting the tax status of the Bonds; <br /> • Modifications to the rights of Bondholders, if material; <br /> • Bond calls, if material, and tender offers; <br /> • Defeasances; <br /> • Release, substitution, or sale of property securing repayment of the Bonds, <br /> if material; <br /> • Rating changes; <br /> • Bankruptcy, insolvency, receivership or similar event of the City; <br /> • The consummation of a merger, consolidation, or acquisition involving the <br /> City or the sale of all or substantially all of the assets of the City, other than in the <br /> ordinary course of business, the entry into a definitive agreement to undertake such an <br /> action or the termination of a definitive agreement relating to any such actions, other than <br /> pursuant to its terms, if material; and <br /> • Appointment of a successor or additional trustee or the change of name of <br /> a trustee, if material. <br /> -28- P\20287 CM1M20287 9RD 08/14/12 <br />