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(b) To the extent not contained in the audited financial statements filed pursuant to <br />the preceding clause (a), the Annual Report shall contain information showing the following: <br />(i) Summary of Operations (for such Fiscal Year only) (Table 1); <br />(ii) Ten Largest Water Customers (for such Fiscal Year only) (Table 9); and <br />(iii) Any changes in Water System rates and charges in such Fiscal Year. <br />(c) In addition to any of the information expressly required to be provided under <br />paragraphs (a) and (b) of this Section, the City shall provide such further information, if any, as <br />may be necessary to snake the specifically required statements, in the light of the circumstances <br />under which they are made, not misleading. <br />Any or all of the items listed above may be incorporated by reference from other <br />documents, including official statements of debt issues of the City or related public entities, <br />which have been submitted to each of the Repositories or the Securities and Exchange <br />Commission. If the document incorporated by reference is a final official statement, it must be <br />available from the MSRB. The City shall clearly identify each such other document so <br />incorporated by reference. <br />Section 5. Reporting of Significant Events. <br />(a) The City shall give, or cause to be given, notice of the occurrence of any of the <br />following events with respect to the Bonds not later than ten business days after the occurrence <br />of the event: <br />1. Principal and interest payment delinquencies; <br />2. Unscheduled draws on debt service reserves reflecting financial <br />difficulties; <br />3. Unscheduled draws on credit enhancements reflecting financial <br />difficulties; <br />4. Substitution of credit or liquidity providers, or their failure to perform; <br />5. Issuance by the Internal Revenue Service of proposed or final <br />determination of taxability or of a Notice of Proposed Issue (IRS Form 5701 TEB); <br />6. Tender offers; <br />7. Defeasances; <br />8. Rating changes; or <br />9. Bankruptcy, insolvency, receivership or similar event of the obligated <br />person. <br />55394.00011 \8807737.1 3 <br />