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(6) adverse tax opinions, the issuance by the Internal Revenue Service <br />of proposed or final determinations of taxability, Notices of <br />Proposed Issue (IRS Form 5701 -TEB) or material events affecting <br />the tax status of the Bonds; <br />(7) modification to rights of the beneficial owners of the Bonds, if <br />material; <br />(8) call of any of the Bonds, if material, and tender offers; <br />(9) defeasance of any of the Bonds; <br />(10) release, substitution or sale of any property securing repayment of <br />the Bonds, if material; <br />(11) rating changes; <br />(12) bankruptcy, insolvency, receivership or similar event of the County; <br />(13) the consummation of a merger, consolidation, or acquisition involving the <br />County or the sale of all or substantially all of the assets of the obligated <br />person, other than in the ordinary course of business, the entry into a <br />definitive agreement to undertake such an action or the termination of a <br />definitive agreement relating to such actions, other than pursuant to its <br />terms, if material; <br />(14) appointment of a successor or additional trustee or the change of name of <br />a trustee, if material; and <br />(d) in a timely manner, to the MSRB, notice of a failure of the County to provide the <br />required annual financial information described in (a) or (b) above on or before the date <br />specified. <br />The County shall provide the documents referred to above to the MSRB in an electronic <br />format as prescribed by the MSRB and accompanied by identifying information as prescribed by <br />the MSRB. <br />The County may discharge its undertaking described above by transmitting the <br />documents referred to above to any entity and by any method authorized by the SEC. <br />If the County fails to comply with the undertaking described above, any beneficial owner <br />of the Bonds may take action to protect and enforce the rights of all beneficial owners with <br />respect to such undertaking, including an action for specific performance; provided, however, <br />that failure to comply with such undertaking shall not be an event of default and shall not result <br />23 <br />Attachment number 2 <br />G -1 Page 210 <br />