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paragraphs (15) and (16) and the definition of Financial Obligation in this Section to have <br />the same meanings as when they are used in the Rule, as evidenced by SEC Release No. <br />34-83885, dated August 20, 2018. <br />In addition, the City shall notify the MSRB, in a timely manner, of any failure by <br />the City to provide financial information or operating data in accordance with subsection <br />(b) of this Section by the time required by subsection (b). <br />(d) Limitations, Disclaimers, and Amendments. <br />(i) The City shall be obligated to observe and perform the covenants specified <br />in this Section for so long as, but only for so long as, the City remains an "obligated person" <br />with respect to the Notes within the meaning of the Rule, except that the City in any event <br />will give notice of any deposit made in accordance with this Ordinance or applicable law <br />that causes Notes no longer to be outstanding. <br />(ii) The provisions of this Section are for the sole benefit of the registered <br />owners and beneficial owners of the Notes, and nothing in this Section, express or implied, <br />shall give any benefit or any legal or equitable right, remedy, or claim hereunder to any <br />other person. The City undertakes to provide only the financial information, operating <br />data, financial statements, and notices which it has expressly agreed to provide pursuant to <br />this Section and does not hereby undertake to provide any other information that may be <br />relevant or material to a complete presentation of the City's financial results, condition, or <br />prospects or hereby undertake to update any information provided in accordance with this <br />Section or otherwise, except as expressly provided herein. The City does not make any <br />representation or warranty concerning such information or its usefulness to a decision to <br />invest in or sell Notes at any future date. <br />(iii) UNDER NO CIRCUMSTANCES SHALL THE CITY BE LIABLE TO <br />THE REGISTERED OWNER OR BENEFICIAL OWNER OF ANY NOTE OR ANY <br />OTHER PERSON, IN CONTRACT OR TORT, FOR DAMAGES RESULTING IN <br />WHOLE OR IN PART FROM ANY BREACH BY THE CITY, WHETHER <br />NEGLIGENT OR WITHOUT FAULT ON ITS PART, OF ANY COVENANT <br />SPECIFIED IN THIS SECTION, BUT EVERY RIGHT AND REMEDY OF ANY SUCH <br />PERSON, IN CONTRACT OR TORT, FOR OR ON ACCOUNT OF ANY SUCH <br />BREACH SHALL BE LIMITED TO AN ACTION FOR MANDAMUS OR SPECIFIC <br />PERFORMANCE. <br />(iv) No default by the City in observing or performing its obligations under this <br />Section shall comprise a breach of or default under this Ordinance for purposes of any other <br />provision of this Ordinance. Nothing in this Section is intended or shall act to disclaim, <br />waive, or otherwise limit the duties of the City under federal and state securities laws. <br />(v) Should the Rule be amended to obligate the City to make flings with or <br />provide notices to entities other than the MSRB, the City hereby agrees to undertake such <br />obligation with respect to the Notes in accordance with the Rule as amended. The <br />