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200510853 (8) bond calls, (9) defeasances, (10) release, substitution, or sale of property securing repayment of the Building Bonds, and ( 11 ) rating changes. The City has not undertaken to provide notice of the occurrence of any other material event, except the events listed above. (c) in a timely manner to each NRMSIR or to the MSRB notice of any failure on the part of the City to provide required annual financial information not later than seven months from the close of the City's fiscal year. The City reserves the right to modify from time to time the specific types of information provided or the format of the presentation of such information, to the extent necessary or appropriate in the judgment of the City, consistent with the Rule. The City hereby agrees that such covenants are for the benefit of the registered owners of the Building Bonds (including Beneficial Owners, as defined in the Indenture) and that such covenants may be enforced by any registered owner or Beneficial Owner, provided that any such right to enforcement shall be limited to specific enforcement of such undertaking and any failure shall not constitute an event of default under the Indenture or this Agreement. The continuing disclosure obligations of the City under this Section 5.05 shall cease when none of the Building Bonds remain outstanding. 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 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. ARTICLE VII REPAIRS, MAINTENANCE AND ALTERATIONS Section 7.01. Lessee shall keep the Project and all parts thereof in good serviceable condition and repair during the term of this Agreement. Section 7.02. Lessee shall have the right, at its own expense, to make additions, alterations and changes in or to the Project. All alterations, additions and improvements to the Project shall be deemed a part of the Project subject to this Agreement, and, upon final payment of 9