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INFORMATION " ( excluding any information on overlapping or underlying debt) to <br /> the extent such items are not included in the audited financial statements referred <br /> 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 /> 2024 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 2024 Bonds, or other material events affecting the tax status of the <br /> 2024 Bonds ; <br /> ( 7 ) modifications to rights of the beneficial owners of the 2024 Bonds , if <br /> material ; <br /> ( 8 ) calls for redemption of 2024 Bonds ( other than calls pursuant to <br /> sinking fund redemption) , if material, and tender offers ; <br /> ( 9 ) defeasances ; <br /> ( 10 ) release , substitution or sale of any property securing repayment of the <br /> 2024 Bonds , if material ; <br /> ( 11 ) rating changes ; <br /> 18 <br />