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<br />(ii) non-payment related defaults; <br /> <br />(iii) unscheduled draws on debt service reserves reflecting financial <br /> <br />difficulties; <br /> <br />(iv) unscheduled draws on credit enhancements reflecting financial <br /> <br />difficulties; <br /> <br />(v) substitution of credit or liquidity providers or their failure to perform; <br /> <br />(vi) adverse tax opinions or events affecting the tax-exempt status of the <br /> <br />Bonds; <br /> <br />(vii) modifications to the rights of the holders ofthe Bonds; <br /> <br />(viii) optional, contingent or unscheduled redemption calls; <br /> <br />(ix) defeasances; <br /> <br />(x) release, satisfaction or sale of property securing repayment of the <br /> <br />Bonds; and <br /> <br />(xi) rating changes; <br /> <br />provided that each of the Listed Events shall be interpreted in accordance with any interpretation of <br />the Rule by the SEC or adjudication of the Rule by a final decision of a court of competent <br />jurisdiction which may occur subsequent to the date ofthe original execution and delivery hereof. <br /> <br />(b) Whenever the Borrower obtains actual knowledge of the occurrence of any of <br />the Listed Events, the Borrower shall, on a timely basis and in any event within ten (10) Business <br />Days, determine whether the occurrence of such event is material to any of the Bondholders. <br /> <br />(c) If the Borrower determines that the occurrence of any of the Listed Events is <br />material to any of the Bondholders, the Borrower shall promptly notify the Dissemination Agent of <br />such determination in writing and instruct the Dissemination Agent to provide Event Notice in <br />accordance with Section 6( e) hereof. <br /> <br />(d) If the Borrower determines that the occurrence of the Listed Event described <br />in such notice is not material, the Borrower shall notify the Dissemination Agent of such <br />determination, and no Event Notice shall be provided pursuant to Section 6(e) hereof. The <br />determination of the Borrower under this paragraph (d) shall be conclusive and binding on all <br />parties hereto. <br /> <br />( e) If the Borrower instructs the Dissemination Agent to provide an Event Notice <br />pursuant to Section 6(c) hereof, the Dissemination Agent shall, within three (3) Business Days <br />thereafter, file an Event Notice with each Repository, the Trustee, the Rating Agencies, the Issuer <br />and the Insurer. The Dissemination Agent shall provide the Borrower, the Issuer and the Trustee <br />written confirmation that such Event Notice was provided to each Repository in accordance with <br />this Section 6( e). <br /> <br />6 <br />