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5 <br />ELECTRONIC BIDS: To the extent any instructions or directions set forth in Parity <br />conflict with this Official Notice of Sale, the terms of this Official Notice of Sale shall control. <br /> <br />THE AUTHORITY RETAINS ABSOLUTE DISCRETION TO DETERMINE WHETHER <br />ANY BID IS TIMELY, LEGIBLE AND COMPLETE. NONE OF THE AUTHORITY, THE CITY, <br />THE MUNICIPAL ADVISOR, OR JONES HALL, A PROFESSIONAL LAW CORPORATION <br />(“BOND COUNSEL”) TAKE ANY RESPONSIBILITY FOR INFORMING ANY BIDDER PRIOR <br />TO THE TIME FOR RECEIVING BIDS THAT ITS BID IS INCOMPLETE, ILLEGIBLE OR NOT <br />RECEIVED. <br /> <br />EACH BIDDER SUBMITTING AN ELECTRONIC BID UNDERSTANDS AND AGREES <br />BY DOING SO THAT IT IS SOLELY RESPONSIBLE FOR ALL ARRANGEMENTS WITH <br />PARITY AND THAT PARITY IS NOT ACTING AS AN AGENT OF THE AUTHORITY OR THE <br />CITY. INSTRUCTIONS AND FORMS FOR SUBMITTING ELECTRONIC BIDS MUST BE <br />OBTAINED FROM PARITY AND NEITHER THE AUTHORITY NOR THE CITY ASSUMES ANY <br />RESPONSIBILITY FOR ENSURING OR VERIFYING BIDDER COMPLIANCE WITH THE <br />PROCEDURES OF PARITY. THE AUTHORITY SHALL ASSUME THAT ANY BID RECEIVED <br />THROUGH PARITY HAS BEEN MADE BY A DULY AUTHORIZED AGENT OF THE BIDDER. <br /> <br />THE AUTHORITY WILL MAKE ITS BEST EFFORTS TO ACCOMMODATE <br />ELECTRONIC BIDS; HOWEVER THE AUTHORITY, THE CITY, THE MUNICIPAL ADVISOR <br />AND BOND COUNSEL ASSUME NO RESPONSIBILITY FOR ANY ERROR CONTAINED IN <br />ANY BID SUBMITTED ELECTRONICALLY, OR FOR FAILURE OF ANY BID TO BE <br />TRANSMITTED, RECEIVED OR ACCEPTED AT THE OFFICIAL TIME FOR RECEIPT OF <br />BIDS. <br /> <br />ADDITIONAL TERMS AND CONDITIONS: By submitting a bid, each bidder agrees to <br />the following terms and conditions: <br /> <br />(1) the Authority shall not have any duty or obligation to provide or assure <br />access to Parity to any bidder; <br /> <br />(2) the Authority may regard the electronic transmission of a bid through <br />Parity (including information regarding the purchase price for the Bonds or the interest <br />rates for any maturity of the Bonds) as though the information were physically submitted <br />and executed on the bidder’s behalf by a duly authorized signatory; <br /> <br />(3) If a bidder’s bid is accepted by the Authority, such bid, this Official Notice <br />of Sale and the information that is transmitted electronically through Parity will form a <br />contract, and the bidder will be bound by the terms of such contract; and <br /> <br />(4) information provided by Parity to bidders will form no part of any bid or of <br />any contract between the purchaser and the Authority unless that information is included <br />in this Official Notice of Sale. <br /> <br />By submission of its bid, each bidder shall be deemed to have made the following <br />representations: <br /> <br />(1) The bidder has received and reviewed the Preliminary Official Statement <br />and as a condition to bidding on the Bonds, has determined that it can comply with the <br />8.C. - Page 197