Res13 15263 - Laserfiche WebLink

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ELECTRONIC BIDS. To the extent any instructions or directions set forth in Parity conflict with this Official Notice of Sale, the terms of this Official Notice of Sale shall control. THE AUTHORITY RETAINS ABSOLUTE DISCRETION TO DETERMINE WHETHER ANl( BID IS TIMELY, LEGIBLE AND COMPLETE. NONE OF THE AUTHORITY, THE CITY, THE FINANCIAL ADVISOR, OR NOSSAMAN LLP ("BOND COUNSEL") TAKES ANY RESPONSIBILITY FOR INFORMING ANY BIDDER PRIOR TO THE TIME FOR RECEIVING BIDS THAT ITS BID IS INCOMPLETE, ILLEGIBLE OR NOT RECEIVED. EACH BIDDER SUBMITTING AN ELECTRONIC BID UNDERSTANDS AND AGREES BY DOING SO THAT IT IS SOLELY RESPONSIBLE FOR ALL ARRANGEMENTS WITH PARITY AND THAT PARITY IS NOT ACTING AS AN AGENT OF THE AUTHORITY OR THE CITY. INSTRUCTIONS AND FORMS FOR SUBMITTING ELECTRONIC BIDS MUST BE OBTAINED FROM PARITY AND NEITHER THE AUTHORITY NOR THE CITY ASSUMES ANY RESPONSIBILITY FOR ENSURING OR VERIFYING BIDDER COMPLIANCE WITH THE PROCEDURES OF PARITY. THE AUTHORITY SHALL ASSUME THAT ANY BID RECEIVED THROUGH PARITY HAS BEEN MADE BY A DULY AUTHORIZED AGENT OF THE BIDDER. THE AUTHORITY WILL MAKE ITS BEST EFFORTS TO ACCOMMODATE EL.ECTRONIC BIDS; HOWEVER THE AUTHORITY, THE CITY, THE FINANCIAL ADVISOR AND BOND COUNSEL ASSUME NO RESPONSIBILITY FOR ANY ERROR CONTAtNED IN ANY BID SUBMITTED ELECTRONICALLY, OR FOR FAILURE OF ANY BID TO BE TRANSMITTED, RECEIVED OR ACCEPTED AT THE OFFICIAL TIME FOR RECEtPT OF B I DS. ADDITIONAL TERMS AND CONDITIONS: By submitting a bid, each bidder agrees to the following terms and conditions: (1) the Authority shall not have any duty or obligation to provide or assure access to Parity to any bidder; (2) the Authority may regard the electronic transmission of a bid through Parity (including information regarding the purchase price for the Bonds or the interest rates for any maturity of the Bonds) as though the information were physically submitted and executed on the bidder's behalf by a duly authorized signatory; (3) if a bidder's bid is accepted by the Authority, such bid, this Official Notice of Sale and the information that is transmitted electronically through Parity will form a contract, and the bidder will be bound by the terms of such contract; and (4) information provided by Parity to bidders will form no part of any bid or of any contract between the purchaser and the Authority unless that information is included in this Official Notice of Sale. By submission of its bid, each bidder shall be deemed to have made the following representations: (1) The bidder has received and reviewed the Preliminary Official Statement and as a condition to bidding on the Bonds, has determined that it can comply with the requirements of Rule 15c2-12 of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended; and -5-