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� °� <br /> � o � o <br /> ��b- - CITY of ORON4 <br /> � � � <br /> �� G'�' RESOLUTION OF THE CITY COUNCIL <br /> � �9kESHOg'� � � . NO. � � Q � � <br /> submitted to each then nationally recognized municipal securities information repository under the <br /> Rule or the SEC. If the document incorporated by reference is a final official statement, it must be <br /> available from the Municipal Securities Rulemaking Board. The City shall clearly identify in the <br /> Disclosure Information each document so incorporated by reference. . <br /> If the Disclosure Information is changed because it is no longer compiled or publicly <br /> available or this paragraph (c)(1) is amended as permitted by subsection (d), theri the City shall <br /> include in the next Disclosure Information to be delivered hereunder, to the extent necessary, an <br /> explanation of the reasons for the amendment and the effect of any change in the type of information <br /> provided.� <br /> (2) In a timely manner, to the Municipal Securities Rulemaking Board and to the <br /> State Depository,if any,notice of the occurrence of any of the following events which is a Material <br /> Fact(as hereinafter defined): <br /> � (A) Principal and interest payment delinquencies; <br /> (B) Non-payment related defaults; <br /> (C) Unscheduled draws on debt service reserves reflecting financial <br /> difficulties; � � <br /> � (D) Unscheduled draws on credit enhancements reflecting financial <br /> difficulties; � <br /> _ (E) Substitution of credit or liquidity providers, or their failure to <br /> perform; <br /> (F) Adverse tax opinions or events affecting the tax-exempt status of the <br /> security; <br /> (G) Modifications to rights of security holders; <br /> (H) Bond calls; <br /> (I) Defeasances; . <br /> (� Release,substitution, or sale of property securing repayment of the <br /> securities; and <br /> (K) Rating changes. <br /> As used herein, a"Material Fact" is a fact as to which a substantial likelihood exists <br /> that a reasonably prudent investor would attach importance thereto in deciding to buy, hold or sell. <br /> a Bond or, if not disclosed,would significantly alter the total information otherwise available to an <br /> � Page 5 of 7 <br />