Orange County NC Website
(b) by not later than seven months from the end of each of the County's <br /> Fiscal Years, beginning with the Fiscal Year that ends June 30, 2021, the financial <br /> and statistical data as of a date not earlier than the end of the preceding fiscal year <br /> (which data will be prepared at least annually, will specify the date as to which such <br /> information was prepared and will be delivered with any subsequent material <br /> events notices specified in subparagraph (c) below) for the type of information <br /> included in Appendix A to the final Official Statement relating to the 2021 Bonds <br /> under the captions (excluding any information on <br /> overlapping or underlying debt) to the extent such items are not included in the <br /> audited financial statements referred to in (a) above; <br /> (c) in a timely manner, not in excess of ten business days after the <br /> occurrence of the event, notice of any of the following events with respect to the <br /> 2021 Bonds: <br /> (1) principal and interest payment delinquencies; <br /> (2) non-payment related defaults, if material; <br /> (3) unscheduled draws on debt service reserves reflecting financial <br /> difficulties; <br /> (4) unscheduled draws on any credit enhancements reflecting financial <br /> difficulties; <br /> (5) substitution of credit or liquidity providers, or their failure to perform; <br /> (6) adverse tax opinions, the issuance by the Internal Revenue Service of <br /> proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form <br /> 5701-TEB) or other material notices or determinations with respect to the tax <br /> status of the 2021 Bonds, or other material events affecting the tax status of the <br /> 2021 Bonds; <br /> (7) modifications to rights of the beneficial owners of the 2021 Bonds, if <br /> material; <br /> (8) calls for redemption of 2021 Bonds (other than calls pursuant to <br /> sinking fund redemption), if material, and tender offers; <br /> 28 <br />