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(ii) in a timely manner, to each NRMSIR or to the Municipal Securities Rulemaking Board <br />("MSRB") and to the SID, notice of the occurrence of any of the following events with respect to the <br />Bonds, if material: <br />(a) principal and interest payment delinquencies, <br />(b) non-payment related defaults, <br />(c) unscheduled draws on debt service reserves reflecting financial difficulties, <br />(d) unscheduled draws on credit enhancements reflecting financial difficulties, <br />(e) substitution of credit or liquidity providers, or their failure to perform, <br />(f) adverse tax opinions. or events affecting the tax-exempt status of the security, <br />(g) modifications to rights of security holders, <br />(h) bond calls, <br />(i) defeasances, <br />(j) release, substitution, or sale of property securing repayment of the securities, and <br />(k) rating changes; <br />(iii) in a timely manner, to each NRMSIR or to the MSRB and to the SID, notice of a failure <br />by the County to provide the required annual financial information on or before the date specified in its <br />written continuing disclosure undertaking. <br />The Countyreserves the right to modify from time to time the specific types ofinformationprovided <br />or the format ofthe presentation of such information, to the extent necessary or appropriate inthe judgment <br />of the County; provided, that the County agrees that any such modification will be done in a manner <br />consistent withthe Rule. The County reserves the right to terminate its obligation to provide annual financial <br />information and notices of material events, as set forth above, if and when the County no longer remains <br />an "obligated person" withrespect to the Bonds within the meaning of the Rule. The County acknowledges <br />that its undertaking pursuant to the Rule described under this subheading is intended to be for the benefit <br />ofthe owners ofthe Bonds and shall be enforceable by the owners; provided, that the right to enforce the <br />provisions of this undertaking shall be limited to a right to obtain specific enforcement of the County's <br />28 <br />