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'i <br /> ( 12 ) bankruptcy, insolvency, receivership or similar proceedings related to <br /> the County, the Trustee or any other person or entity that may at any time become <br /> legally obligated to make Bond Payments ( collectively, the " Obligated Persons " ) , <br /> ( 13 ) The consummation of a merger, consolidation, or acquisition involving <br /> an 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 material , <br /> ( 14) Appointment of a successor or additional trustee or the change of name <br /> of a trustee, if material , <br /> ( 15 ) Incurrence of a financial obligation ( as defined below) of the County, if <br /> material , or agreement to covenants , events of default, remedies , priority rights , or <br /> other similar terms of a financial obligation of the County, any of which affect <br /> Bondholders , if material ; and <br /> ( 16 ) Default, event of acceleration , termination event, modification of terms <br /> or other similar events under the terms of a financial obligation of the County, any of <br /> which reflect financial difficulties ; and <br /> i' <br /> c <br /> ( d) in a timely manner, not in excess of ten Business Days after the <br /> occurrence of the failure , notice of a failure of the County to provide required annual <br /> financial information described in (a) or (b) above on or before the date specified . <br /> " Financial obligation " means ( a) a debt obligation , (b) a derivative instrument <br /> entered into in connection with , or pledged as security or a source of payment for, <br /> an existing or planned debt obligation , or ( c) a guarantee of an obligation described <br /> in either clause (a) or (b ) . The term " financial obligation " shall not include municipal <br /> securities as to which a final official statement has been provided to the MSRB <br /> consistent with Rule 15c2 " 12 of the Securities and Exchange Commission <br /> promulgated under the Securities Exchange Act of 1934, as amended . <br /> As used above , the " final Official Statement" means the Official Statement <br /> dated June 6 , 2024, that the County has approved and authorized for use in <br /> connection with the offering and sale of the 2024 Bonds . <br /> 19 <br />