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165 <br /> (c) unscheduled draws on debt service reserves reflecting financial difficulties; <br /> (d) unscheduled draws on credit enhancements reflecting financial difficulties; <br /> (e) substitution of credit or liquidity providers, or their failure to perform; <br /> (f) adverse tax opinions,the issuance by the Internal Revenue Service of proposed or <br /> final determinations of taxability, Notices of Proposed Issue (IRS Form 5701- <br /> TEB) or other material notices or determinations with respect to the tax status of <br /> the 2021A Bonds, or other material events affecting the tax status of the 2021A <br /> Bonds; <br /> (g) modifications to rights of holders of the 2021 Bonds, if material; <br /> (h) calls for redemption of 2021 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 2021 Bonds, if <br /> 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 make <br /> payments on the 2021 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 Obligated <br /> Person, other than in the ordinary course of business, the entry into a definitive <br /> agreement to undertake such an action or the termination of a definitive agreement <br /> relating to any such actions,other than pursuant to its terms, if material; <br /> (n) appointment of a successor or additional trustee or the change of name of a trustee, <br /> 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 which <br /> 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 /> 21 <br />