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of such date,the latest unaudited financial statements of the Issuer(or the System if separately <br /> audited) and, as soon thereafter as available, the audited financial statements) and (ii) such <br /> financial information and operating data relating to the Issuer and the System as agreed to by the <br /> Issuer and the Authority. <br /> (c) The Issuer shall provide to the Authority,within five(5)business days after <br /> the occurrence thereof,notice of any of the following events with respect to the Bond: <br /> (i) any principal or interest payment delinquency with respect to the <br /> Bond; <br /> (ii) any non-payment related default under the Bond Ordinance, the <br /> Bond or this Agreement,if material; <br /> (iii) any event that would cause the Bond to be a"private activity bond" <br /> under the Internal Revenue Code of 1986,as amended; <br /> (iv) any release, substitution or sale of property securing repayment of <br /> the Bond,if material; <br /> (v) bankruptcy,insolvency,receivership or similar event of the Issuer; <br /> (vi) the consummation of a merger, consolidation or acquisition <br /> involving the Issuer or the sale of all or substantially all of the assets of the Issuer, <br /> other than in the ordinary course of business,the entry into a definitive agreement <br /> to undertake such action or the termination of a definitive agreement relating to any <br /> such actions,other than pursuant to its terms,if material. <br /> (vii) incurrence of a Financial Obligation if material, or agreement to <br /> covenants,events of default,remedies, priority rights,or other similar terms of a <br /> Financial Obligation,any of which affect owners of the ADFA Bonds,if material; <br /> and <br /> (viii) default, event of acceleration, termination event, modification of <br /> terms, or other similar events under the terms of a Financial Obligation, any of <br /> which reflect financial difficulties. <br /> (d) The Issuer's obligations under this paragraph shall terminate upon the prior <br /> redemption or payment in full of the Bond. <br /> (e) Nothing in this paragraph shall be deemed to prevent the Issuer from <br /> disseminating any other information,or including any other information in any notice or report <br /> made hereunder,in addition to that which is specifically required by this paragraph. If the Issuer <br /> chooses to include any information in any report or notice made hereunder in addition to that which <br /> is specifically required by this paragraph,the Issuer shall have no obligation hereunder to update <br /> such information or include it in any future report or notice. <br /> 7 <br />