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<br />(a) by not later than seven months from the end of each fiscal year of the County, <br /> <br />commencing with the fiscal year ending June 30, 2006, to each nationally recognized municipal <br /> <br />securities information repository ("NRMSlR") and to the state information depository for the <br /> <br /> <br />State of North Carolina ("SID"), if any, audited financial statements ofthe County for such fiscal <br /> <br /> <br />year, if available, prepared in accordance with Section 159-34 of the General Statutes of North <br /> <br />Carolina, as it may be amended from time to time, or any successor statute, or, if such audited <br /> <br />[mancial statements of the County are not available by seven months from the end of such fiscal <br /> <br />year, unaudited financial statements of the County for such fiscal year to be replaced <br /> <br />subsequently by audited [mancial statements of the County to be delivered within 15 days after <br /> <br />such audited financial statements become available for distribution; <br /> <br />(b) by not later than seven months from the end of each fiscal year of the County, <br /> <br />commencing with the fiscal year ending June 30, 2006, to each NRMSlR, and to the SID, if any, <br /> <br />(i) the financial and statistical data as of a date not earlier than the end of the preceding fiscal <br /> <br /> <br />year for the type of information included under the heading "The County - Debt h1.formation and <br /> <br /> <br />- Tax h1.formation" in the Official Statement relating to the Bonds (excluding any information on <br /> <br /> <br />overlapping or underlying units) and (ii) the combined budget of the County for the current fiscal <br /> <br />year, to the extent such items are not included in the [mancial statements referred to in (a) above; <br /> <br />(c) in a timely manner, to each NRMSlR or to the Municipal Securities Rulemaking <br />Board ("MSRB"), and to the SID, if any, notice of any of the following events with respect to the <br />Bonds, if material: <br />(J) principal and interest payment delinquencies; <br />(2) non-payment related defaults; <br />(3) unscheduled draws on debt service reserves reflecting [mancial <br />difficulties; <br /> <br />23 <br /> <br />F-5 <br />