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(vi) Adverse tax opinions or events affecting the tax-exempt status of the <br /> security. <br /> (vii) Modifications to rights of Bond holders. <br /> (viii) Contingent or unscheduled redemption of Bonds. <br /> (ix) Defeasances. <br /> (x) Release, substitution, or sale of property securing repayment of the <br /> securities. <br /> (xi) Rating changes. <br /> (b) Whenever the Authority obtains knowledge of the occurrence of a Listed Event, the <br /> Authority shall as soon as possible determine if such event would be material under applicable <br /> Federal securities law. <br /> (c)If the Authority determines that knowledge of the occurrence of a Listed Event would <br /> be material under applicable Federal securities law,the Authority shall promptly file a notice of <br /> such occurrence with the Municipal Securities Rulemaking Board and each State Repository with <br /> a copy to the Trustee. Notwithstanding the foregoing, notice of Listed Events described in <br /> subsections (a)(viii) and (ix)need not be given under this subsection any earlier than the notice <br /> (if any) of the underlying event is given to holders of affected Bonds pursuant to the Trust <br /> Agreement. <br /> Section 6. Termination of Reporting Obligation. The Authority's obligations under this <br /> Disclosure Certificate shall terminate upon the legal defeasance,prior redemption or payment in <br /> full of all of the Bonds. If such termination occurs prior to the final maturity of the Bonds, the <br /> Authority shall give notice of such termination in the same manner as for a Listed Event under <br /> Section 5(c). <br /> Section 7. Dissemination Agent. The Authority may, from time to time, appoint or <br /> engage a Dissemination Agent to assist it in carrying out its obligations under this Disclosure <br /> Certificate, and may discharge any such Dissemination Agent, with or without appointing a <br /> successor Dissemination Agent. The initial Dissemination Agent shall be U.S. Trust Company of <br /> California,N.A.. Any Dissemination Agent may resign by providing thirty days' written notice <br /> to the Authority and the Trustee. <br /> Section 8. Amendment;Waiver. Notwithstanding any other provision of this Disclosure <br /> Certificate, the Authority may amend this Disclosure Certificate, and any provision of this <br /> Disclosure Certificate may be waived,provided that the following conditions are satisfied: <br /> (a) if the amendment or waiver relates to the provisions of Sections 3(a), 4 or 5(a), it <br /> may only be made in connection with a change in circumstances that arises from a change in <br /> legal requirements, change in law, or change in the identity, nature, or status of an obligated <br /> person with respect to the Bonds, or type of business conducted; <br /> (b) the undertakings herein, as proposed to be amended or waived, would, in the <br /> opinion of nationally recognized bond counsel,have complied with the requirements of the Rule <br /> at the time of the primary offering of the Bonds, after taking into account any amendments or <br /> interpretations of the Rule, as well as any change in circumstances; and <br /> (e) the proposed amendment or waiver either (i) is approved by holders of the Bonds in <br /> the manner provided in the Indenture for amendments to the Indenture with the consent of <br /> holders, or (ii) does not,in the opinion of nationally recognized bond counsel,materially impair <br /> the interests of the holders or beneficial owners of the Bonds. <br /> -3- <br />