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RCW 43.09.200 (or any successor statute) when and if available to each then existing NRMSIR <br /> and the SID, if any. <br /> C. Material Events. The City agrees to provide or cause to be provided, in a timely <br /> manner, to the SID, if any, and to each NRMSIR or to the MSRB notice of the occurrence of any <br /> of the following events with respect to the Bonds, if material: <br /> 1. Principal and interest payment delinquencies; <br /> 2. Non-payment related defaults; <br /> 3. Unscheduled draws on debt service reserves reflecting financial difficulties; <br /> 4. Unscheduled draws on credit enhancements reflecting financial difficulties; <br /> 5. Substitution of credit or liquidity providers, or their failure to perform; <br /> 6. Adverse tax opinions or events affecting the tax-exempt status of the <br /> Bonds; <br /> 7. Modifications to the rights of Bond owners; <br /> 8. Optional, contingent or unscheduled calls of any Bonds other than <br /> scheduled sinking fund redemptions for which notice is given pursuant to Exchange Act <br /> Release 34-23856; <br /> 9. Defeasance of the Bonds; <br /> 10. Release, substitution or sale of property securing repayment of the Bonds; <br /> and <br /> 11. Rating change for the Bonds. <br /> Solely for purposes of disclosure and not intending to modify this undertaking, the City <br /> advises with reference to items 3 and 10 above that no debt service reserves secure payment of <br /> the Bonds and no property secures repayment of the Bonds. <br /> D. Notification Upon Failure to Provide Financial Data. The City agrees to provide <br /> or cause to be provided, in a timely manner, to each NRMSIR or to the MSRB and to the SID, if <br /> any, notice of its failure to provide the annual financial information described in subsection B <br /> above on or prior to the date set forth in subsection B above. <br /> -19- DOTOM6.DOC 97/08/20 <br />