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3. Unscheduled draws on debt service reserves reflecting financial difficulties; <br />4. Unscheduled draws on credit enhancements reflecting financial difficulties; <br />5. Substitution of credit or liquidity providers, or their failure to perform; <br />6. Adverse tax opinions or events affecting the tax-exempt status of the Bonds; <br />7. Modifications to rights of holders of the Bonds; <br />8. Bond calls; <br />9. Defeasances; <br />10. Release, substitution, or sale of property securing repayment of the Bonds; and <br />11. Rating changes. <br />The Issuer shall notify any SID and either each NRMSIR or the MSRB, in a timely manner, of any <br />failure by the Issuer to provide financial information or operating data in accordance with subsection <br />(a) of this Section by the time required by such subsection. <br />(c) Limitations. Disclaimers, and Amendments. (i) The Issuer shall be obligated to observe <br />and perform the covenants specified in this Section for so long as, but only for so long as, the Issuer <br />remains an "obligated person" with respect to the Bonds within the meaning of the Rule, except that <br />the Issuer in any event will give notice of any deposit made in accordance with this Ordinance or <br />applicable law that causes Bonds no longer to be outstanding. <br />(ii) The provisions of this Section are for the sole benefit of the holders and beneficial <br />owners of the Bonds, and nothing in this Section, express or implied, shall give any benefit or any <br />legal or equitable right, remedy, or claim hereunder to any other person. The Issuer undertakes to <br />provide only the financial information, operating data, financial statements, and notices which it has <br />expressly agreed to provide pursuant to this Section and does not hereby undertake to provide any <br />other information that may be relevant or material to a complete presentation ofthe Issuer's financial <br />results, condition, or prospects or hereby undertake to update any information provided in <br />accordance with this Section or otherwise, except as expressly provided herein. The Issuer does not <br />make any representation or warranty concerning such information or its usefulness to a decision to <br />invest in or sell Bonds at any future date. <br />(iii) UNDER NO CIRCUMSTANCES SHALL THE ISSUER BE LIABLE TO THE <br />HOLDER OR BENEFICIAL OWNER OF ANY BOND OR ANY OTHER PERSON, IN <br />CONTRACT OR TORT, FOR DAMAGES RESULTING IN WHOLE OR IN PART FROM ANY <br />BREACH BY THE ISSUER, WHETHER NEGLIGENT OR WITHOUT FAULT ON ITS PART, <br />OF ANY COVENANT SPECIFIED IN THIS SECTION, BUT EVERY RIGHT AND REMEDY <br />OF ANY SUCH 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 Issuer in observing or performing its obligations under this Section <br />shall comprise a breach of or default under the Ordinance for purposes of any other provision of this <br />30 <br />