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200302817 "MSRB "), to the SID (if any) and to any nationally recognized municipal securities information repository for which the Underwriter makes request, notice of the occurrence of any of the following events with respect to the Building Bonds, if in thejudgmenl of the Lessee, such event is material: (1) principal and interest payment delinquencies, (2) non- payment related defaults, (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 or events affecting the tax - exempt status of the Building Bonds, (7) modifications to rights of the registered owners of the Building Bonds, (8) bond calls, (9) defeasances, (10) release, substitution, or sale of property securing repayment of the Building Bonds and (11) rating changes, if any. Such undertaking is expressly declared to be for the benefit of the registered owners of the Building Bonds (including beneficial owners as referred to in the Indenture) acrd such covenants may be enforced by the registered owner of any of the Building Bonds or by any beneficial owner of the Building Bonds, provided that any right to enforcement shall be limited to specific enforcement of such covenants and any failure shall not constitute an event of default under this Lease-Purchase Agreement or the Indenture. The Lessee hereby designates the College Area President of the Lessee as the contact person from whom the foregoing information, data and notices can be obtained. ARTICLE VI IMPOSITIONS Lessee shall pay all taxes and assessments on or with respect to the Project of any sort whatsoever which become due or payable or are assessed during the term of this Lease- Purchase Agreement, including all water and sewer charges, assessments and other governmental charges and impositions whatsoever, foreseen and unforeseen, against the Project (all of which are herein called `impositions "). Lessor shall promptly forward to Lessee any notice, bill or other advice received by Lessor concerning any impositions.