SCHEDULE 1 TO THE DISCLOSURE POLICY
LIST OF EVENTS
The SEC requires notification of the occurrence of any of the Events listed as (1) through (16) below with respect to any applicable Publicly Offered Bonds. Notification must be provided in a timely manner, but not more than ten business days after its occurrence.
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;
6. Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB), or other material notices or determinations with respect to the tax status of the Obligations, or other material events affecting the tax status of the Obligations;
7. Modifications to rights of the holders of the Obligations, if material;
8. Bond calls (other than mandatory sinking fund redemptions), if material, and tender offers;
9. Defeasances;
10. Release, substitution, or sale of property, if any, securing repayment of the Obligations, if material;
11. Rating changes;
12. Bankruptcy, insolvency, receivership, or similar event of the City;
13. The consummation of a merger, consolidation, or acquisition involving the City, or the sale of all or substantially all of the assets of the City, other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material;
14. Appointment of a successor trustee or the change of name of a trustee, if material;
15. Incurrence of a financial obligation of the obligated person, if material; or agreements to covenants, events of default, remedies, priority rights, or other similar terms of a financial obligation of the obligated person, any of which affect security holders, if material.
16. Default, event of acceleration, termination event, modification of terms, or other similar events under the terms of a financial obligation any of which reflect financial difficulties.
SCHEDULE 2 TO THE DISCLOSURE POLICY
List of Outstanding Obligations with Undertakings
As of __________, 2020, to be updated annually
[To be provided by City]
Series | Issue Date | Final Maturity | Quarterly Filings (Y/N) | Deadline for Annual Filings (in Days) | Other Reporting/Filings | [Dissemination Agent] |
List of Current Undertakings