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78 <br /> (h) calls for redemption of 2019B Bonds (other than calls pursuant to sinking fund <br /> redemption),if material, and tender offers; <br /> (i) defeasances; <br /> (j) release, substitution, or sale of property securing repayment of the 2019B Bonds, <br /> if material; <br /> (k) rating changes; <br /> (1) bankruptcy, insolvency,receivership or similar proceedings related to the County <br /> or any other person or entity that may at any time become legally obligated to <br /> make payments on the 2019B Bonds (collectively,the"Obligated Persons"); <br /> (m) the consummation of a merger, consolidation, or acquisition involving an <br /> Obligated Person or the sale of all or substantially all of the assets of the <br /> Obligated Person, other than in the ordinary course of business, the entry into a <br /> definitive agreement to undertake such an action or the termination of a definitive <br /> agreement relating to any such actions, other than pursuant to its terms, if <br /> material; <br /> (n) appointment of a successor or additional trustee or the change of name of a <br /> trustee, if material; <br /> (o) incurrence of a financial obligation of the County, if material, or agreement to <br /> covenants, events of default, remedies, priority rights, or other similar terms of a <br /> financial obligation of the County or any Obligated Person, any of which affect <br /> security holders,if material; and <br /> (p) default, event of acceleration, termination event, modification of terms, or other <br /> similar events under the terms of a financial obligation of the County, any of <br /> which reflect financial difficulties; and <br /> (4) in a timely manner, notice of a failure of the County to provide required annual financial <br /> information described in(1) or(2) above on or before the date specified. <br /> For purposes of the foregoing, "financial obligation" means a (a) debt obligation, (b) derivative <br /> instrument entered into in connection with, or pledged as security or a source of payment for, an existing <br /> or planned debt obligation, or (c) a guarantee of (a) or (b). The term "financial obligation" shall not <br /> include municipal securities as to which a final official statement has been provided to the MSRB <br /> consistent with Rule 15c2-12. <br /> For the purposes of the event identified in subparagraph (1) above, the event is considered to <br /> occur when any of the following occurs: the appointment of a receiver, fiscal agent or similar officer for <br /> an Obligated Person in a proceeding under the U.S. Bankruptcy Code or in any other proceeding under <br /> state or federal law in which a court or governmental authority has assumed jurisdiction over substantially <br /> all of the assets or business of the Obligated Person, or if such jurisdiction has been assumed by leaving <br /> the existing governing body and officials or officers in possession but subject to the supervision and <br /> orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, <br /> arrangement or liquidation by a court or governmental authority having supervision or jurisdiction over <br /> substantially all of the assets or business of the Obligated Person. <br /> 22 <br />