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Bm 95 <br />RESOLUTION 95-83 <br />The information in paragraph 1 above will be available on or <br />before June 1 of each year for the preceding fiscal year and will <br />be made available, in addition to the NRMSIR's and the SID, to each <br />holder of Bonds who requests such information. Audited financial <br />statements of the Issuer may be available separately from the <br />information in paragraph 1 above, and will be provided as soon as <br />practical after acceptance of such statements from the auditors by <br />the Issuer. The audited financial statements are generally <br />available within 6 months of the end of the fiscal year. If the <br />audited financial statements are not available by June 1, the <br />Issuer will provide unaudited general purpose financial statements• <br />at the time the information in paragraph 1 is distributed. <br />B. The Issuer agrees to provide or cause to be provided, in <br />a timely manner, to each NRMSIR or to the Municipal Securities <br />_Rulemaking Board ("MSRB"), and the SID, notice of the occurrence of <br />any of the following events with respect to the Bonds, if material: <br />(1) principal and interest payment delinquencies; <br />(2) non-payment related defaults; <br />(3) unscheduled draws on debt service reserves <br />reflecting financial difficulties; <br />(4) unscheduled draws on credit enhancements reflecting <br />financial difficulties; <br />(5) substitution of credit or liquidity providers, or <br />their failure to perform; <br />(6) adverse tax opinions or events affecting the tax- <br />exempt status of the security; - <br />(7) modifications to rights of security holders; <br />(8) bond calls; <br />(9) defeasance; r <br />(10) release, substitution, or sale of property securing <br />repayment of the securities; and <br />(11) rating changes <br />C. The Issuer agrees to provide or cause to be provided, in <br />a timely manner, to (i) each NRMS IR or to the MSRB and (ii) the <br />SID, notice of its failure to provide the Annual Information with <br />respect to itself on or prior to the date set forth in paragraph A <br />above. <br />D. The obligations of the Issuer hereunder shall remain in <br />effect only so long as the Bonds .are outstanding. The Issuer <br />reserves the right to terminate its obligation to provide the <br />Annual Information and notices of material events, as set forth <br />above, if and when the Issuer no longer remains an obligated person <br />with respect to the Bonds, within the meaning of the Rule. <br />JULY 119 1995 <br />54 <br />