be omitted by Rule 15c2-12. The Board authorizes and approves the distribution by the Underwriter of the preliminary official statement that has been deemed final to potential purchasers of the Series 2018 Bonds. The Board authorizes and approves the preparation, execution by the Treasurer, and delivery to the Underwriter of a final official statement for the Series 2018 Bonds, in the form of the preliminary official statement, with such modifications and amendments thereto as shall be deemed necessary or desirable by the Treasurer. The Board authorizes and approves the distribution by the Underwriter of the final official statement to purchasers and potential purchasers of the Series 2018 Bonds. Section 16. Undertaking to Provide Continuing Disclosure. To meet the requirements of paragraph (b)(5) of Rule 15c2-12, as applicable to a participating underwriter for the Series 2018 Bonds, the University makes the following written Undertaking for the benefit of holders of the Series 2018 Bonds: (a) Undertaking to Provide Annual Financial Information and Notice of Listed Events. The University undertakes to provide or cause to be provided, either directly or through a designated agent, to the MSRB, in an electronic format as prescribed by the MSRB, accompanied by identifying information as prescribed by the MSRB: (i) Annual financial information and operating data of the type
included in the final official statement for the Series 2018 Bonds, as described in subsection (b) of this section (“annual financial information”); (ii) Timely notice (not in excess of 10 business days after the occurrence of the event) of the occurrence of any of the following events with respect to the Series 2018 Bonds: (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
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