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the principal amount of the Notes then outstanding. Armual Information <br />containing any revised operating data or financial information must explain, <br />in narrative form, the reasons for any amendment or waiver and the impact <br />of the change on the type of operating data or financial information being <br />provided. <br />(5) Enforcement. The Continuing Disclosure Agreement will be solely for the <br />benefit of the Holders of, and beneficial owners of book-entry interests in, <br />the Notes. The exclusive remedy for any breach of the Continuing <br />Disclosure Agreement by the City will be limited, to the extent permitted by <br />law, to a right of Holders and beneficial owners to institute and maintain <br />proceedings authorized at law or in equity to obtain the specific performance <br />by the City of its obligafions under the Continuing Disclosure Agreement. <br />Any individual Holder or beneficial owner may institute and maintain those <br />proceedings to require the City to provide a filing if the filing is due and has <br />not been made. Any proceedings to require the City to perform any other <br />obligation under the Continuing Disclosure Agreement (including any <br />proceedings that contest the sufficiency of any filing) may be instituted and <br />maintained only (A) by a trustee appointed by the Holders and beneficial <br />owners of not less than 25% in principal amount of the Notes then <br />outstanding, or (B) by Holders and beneficial owners of not less than 10% in <br />principal amount of the Notes then outstanding, in accordance with Section <br />133.25(B)(4)(b) or (C)(1), Revised Code, as applicable, or any comparable <br />successor provisions. <br />(6) Appropriation. The performance by the City of the Continuing Disclosure <br />Agreement will be subject to the annual appropriation of any funds that may <br />be necessary to perform it. <br />(7) Term. The Continuing Disclosure Agreement will remain in effect only <br />for the period that the Notes are outstanding in accordance with their terms <br />and the City remains an obligated person with respect to the Notes within <br />the meaning of the SEC Rule. The obligation of the City to provide the <br />Annual Information, audited financial statements, and notices of the <br />events described above will terminate if and when the. City is no longer an <br />obligated person with regard to the Notes. <br />Section 9. Financing Costs. The City retains the professional services and authorizes <br />the payment of the Financing Costs for the Notes, as provided in this Section 9. <br />(a) Bond Counsel. The City retains the legal services of Vorys, Sater, Seymour and <br />Pease LLP, as bond counsel for the Notes. The legal services will be in the nature of <br />legal advice and recommendations as to the documents and the proceedings in <br />connection with the issuance and sale of the Notes and rendering legal opinions <br />upon the delivery of the Notes. Bond Counsel must render those services to the City <br />in anattorney-client relationship. Bond Counsel must be paid just and reasonable <br />-~- <br />