Ordinance 3291-12 - Laserfiche WebLink

Solely for purposes of information, and not intending to modify this undertaking, the City advises that there is no property securing repayment of the Bonds. (d) Notification Upon Failure to Provide Financial Data. The City agrees to provide or cause to be provided, in a timely manner, to the MSRB notice of its failure to provide the annual financial information described in Subsection(b) above on or prior to the date set forth in Subsection (b) above. (e) Emma; Format for Filings with the MSRB. Until otherwise designated by the MSRB or the Commission, any information or notices submitted to the MSRB in compliance with the Rule are to be submitted through the MSRB's Electronic Municipal Market Access system ("EMMA"), currently located at www.emma.msrb.org (which is not incorporated into this Official Statement by reference). All notices, financial information and operating data required by this undertaking to be provided to the MSRB must be in an electronic format as prescribed by the MSRB. All documents provided to the MSRB pursuant to this undertaking must be accompanied by identifying information as prescribed by the MSRB. (f) Termination/Modification. The City's obligations to provide annual financial information and notices of material events shall terminate upon the defeasance, prior redemption or payment in full of all of the Bonds. This section, or any provision hereof, shall be null and void if the City (1) obtains an opinion of nationally recognized bond counsel to the effect that those portions of the Rule which require this section, or any such provision, are invalid, have been repealed retroactively or otherwise do not apply to the Bonds; and(2) notifies the MSRB, of such opinion and the cancellation of this section. Notwithstanding any other provision of this ordinance, the City may amend this section and any provision of this section may be waived with an approving opinion of nationally recognized bond counsel. -29- P:\20287 CMVN20287 9RD 08/14/12