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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 and operating data described <br /> in 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 financial <br /> information and notices of material events shall terminate upon the legal defeasance, prior <br /> redemption or payment in full of all of the Bonds. This section, or any provision hereof, shall be <br /> null and void if the City (1) obtains an opinion of nationally recognized bond counsel to the effect <br /> that those portions of the Rule which require this section, or any such provision, are invalid, have <br /> been repealed retroactively or otherwise do not apply to the Bonds; and (2) notifies each then <br /> existing NRMSIR and the SID, if any, of such opinion and the cancellation of this section. <br /> Notwithstanding any other provision of this ordinance, the City may amend this <br /> Section 18, and any provision of this Section 18 may be waived, with an approving opinion of <br /> nationally recognized bond counsel. <br /> In the event of any amendment or waiver of a provision of this Section 18, the City shall <br /> describe such amendment in the next annual report, and shall include, as applicable, a narrative <br /> explanation of the reason for the amendment or waiver and its impact on the type (or in the case <br /> of a change of accounting principles, on the presentation) of financial information or operating <br /> data being presented by the City. In addition, if the amendment relates to the accounting <br /> principles to be followed in preparing financial statements, (i) notice of such change shall be given <br /> in the same manner as for a material event under subsection C of this Section 18, and (ii) the <br /> annual report for the year in which the change is made should present a comparison (in narrative <br /> form and also, if feasible, in quantitative form) between the financial statements as prepared on the <br /> basis of the new accounting principles and those prepared on the basis of the former accounting <br /> principles. <br /> F. Bond Owner's Remedies under this Section. Notwithstanding any other provisions <br /> of this ordinance, the right of any Bond owner or Beneficial Owner of the Bonds to enforce the <br /> -40- FWWOBU DOC 97/03/04 <br />