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(xiv) appointment of a successor or additional trustee or the change of name of a
<br />trustee, if material;
<br />(xv) the incurrence of a financial obligation of the Authority, if material, or agreement
<br />to covenants, events of default, remedies, priority rights, or other similar terms of a financial obligation
<br />of the Authority, any of which affect security holders, if material; and
<br />(xvi) default, event of acceleration, termination event, modification of terms, or other
<br />similar events under the terms of a financial obligation of the Authority, any of which reflect financial
<br />difficulties.
<br />(b) Upon and after the occurrence of a Listed Event listed under subsection (a)(ii), (a)(vii),
<br />(a)(viii), (a)(x), (a)(xiii), (a)(xiv), (a)(xv) or (a)(xvi) above, the Authority shall as soon as possible determine if
<br />such event would be material under applicable federal securities laws. If the Authority determines that knowledge
<br />of the occurrence of such Listed Event would be material under applicable federal securities laws, the Authority
<br />shall promptly notify the Dissemination Agent in writing. Such notice shall instruct the Dissemination Agent to
<br />report the occurrence pursuant to subsection (d) below.
<br />(c) Upon and after the occurrence of any Listed Event (other than a Listed Event listed under
<br />subsection (a)(ii), (a)(vii), (a)(viii), (a)(x), (a)(xiii), (a)(xiv), (a)(xv) or (a)(xvi) above), the Authority shall
<br />promptly notify the Dissemination Agent in writing. Such notice shall instruct the Dissemination Agent to report
<br />the occurrence pursuant to subsection (d) below.
<br />(d) If the Dissemination Agent has been instructed by the Authority to report the occurrence
<br />of a Listed Event, the Dissemination Agent shall file a notice of such occurrence with MSRB not in excess of ten
<br />(10) business days after the occurrence of such Listed Event. Such notice must be submitted in an electronic
<br />format as prescribed by MSRB, accompanied by such identifying information as prescribed by MSRB.
<br />Notwithstanding the foregoing, notice of a Listed Event described in subsection (a)(viii) need not be given under
<br />this subsection any earlier than the notice (if any) of the underlying event is given to owners of affected Bonds
<br />pursuant to the Indenture. The Authority hereby agrees that the undertaking set forth in this Disclosure Agreement
<br />is the responsibility of the Authority and that the Trustee or the Dissemination Agent shall not be responsible for
<br />determining whether the Authority's instructions to the Dissemination Agent under this Section 5 comply with
<br />the requirements of the Rule.
<br />Section 6. Termination of Reporting Obli ag tion. The obligations of the Authority, the Trustee, and
<br />the Dissemination Agent under this Disclosure Agreement shall terminate upon the legal defeasance, prior
<br />redemption, or payment in full of all of the Bonds. If such termination occurs prior to the final maturity of the
<br />Bonds, the Authority shall give notice of such termination in the same manner as for a Listed Event under Section
<br />5(c).
<br />Section 7. Dissemination Agent. The Authority may, from time to time, appoint or engage a
<br />Dissemination Agent to assist it in carrying out its obligations under this Disclosure Agreement, and may
<br />discharge any such Dissemination Agent, with or without appointing a successor Dissemination Agent. The
<br />Dissemination Agent may resign by providing thirty days' written notice to the Authority and the Trustee. The
<br />Dissemination Agent shall not be responsible for the content of any report or notice prepared by the Authority.
<br />The Dissemination Agent shall have no duty to prepare any information report nor shall the Dissemination Agent
<br />be responsible for filing any report not provided to it by the Authority in a timely manner and in a form suitable
<br />for filing. If at any time there is no designated Dissemination Agent, the Authority shall act as Dissemination
<br />Agent.
<br />Section 8. Amendment; Waiver. Notwithstanding any other provision of this Disclosure
<br />Agreement, the Authority and the Dissemination Agent may amend this Disclosure Agreement, and any provision
<br />of this Disclosure Agreement may be waived, if the Authority has received an opinion of counsel knowledgeable
<br />in federal securities laws to the effect that such amendment or waiver would not, in and of itself, cause the
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