Agenda - Council - 08/13/2013 - Laserfiche WebLink

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(ii) A summary report for the prior Borrower's Fiscal Year which includes information consistent with the information relating to the Borrower in the Official Statement under the headings "THE COMPANY," "THE SCHOOL," and "THE PROJECT," and in Appendix A. Any or all of the items listed above may be incorporated by reference from other documents, including official statements of debt with respect to which the Borrower is an "obligated person" (as defined by the Rule), which have been submitted to each of the Repositories or the SEC. If the document incorporated by reference is an Official Statement, it must also be available from the MSRB. The Borrower shall clearly identify each such other document so incorporated by reference. (b) The School's Annual Report shall contain or incorporate by reference the School's Audited Financial Statements for the prior School's Fiscal Year, containing balance sheets as of the end of such School's Fiscal Year and a statement of operations, changes in fund balance and cash flows for the School's Fiscal Year then ended, audited by a certified public accountant retained by the School. If the School's Audited Financial Statements are not available by the time the School's Annual Report is required to be filed pursuant to Section 3(a), the School's Annual Report shall contain unaudited financial statements prepared by the School in a format similar to the financial statements contained in the Official Statement, and the School's Audited Financial Statements shall be filed in the same manner as the School's Annual Report when they become available. Any or all of the items listed above may be incorporated by reference from other documents, including official statements of debt with respect to which the School is an "obligated person" (as defined by the Rule), which have been submitted to each of the Repositories or the SEC. If the document incorporated by reference is an Official Statement, it must also be available from the MSRB. The School shall clearly identify each such other document so incorporated by reference. Section 5. Renortina of Listed Events. (a) The Company and the School shall give, or cause to be given, notice of the occurrence of any of the following events with respect to the Securities not later than ten (10) business days after the occurrence of the event: (1) Principal and interest payment delinquencies; (2) Non-payment related defaults, if material; (3) Unscheduled draws on debt service reserves reflecting financial difficulties; (4) Unscheduled draws on credit enhancements reflecting financial difficulties; (5) Substitution of credit or liquidity providers, or their failure to perform; -4-