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any delay of the date of delivery of the 2024 Bonds. Hilltop Securities Inc., (the "Financial <br />Advisor"), will request the assignment of CUSIP numbers prior to the sale of the 2024 Bonds. <br />DELIVERY OF THE 2024 BONDS <br />The Issuer will pay the cost of preparing the 2024 Bonds. The successful bidder is <br />responsible for DTC eligibility and related DTC costs. Delivery of and payment for the 2024 <br />Bonds will be via DTC Fast on or about July 10, 2024 (the "Closing Date") in New York, New <br />York, or such other time and place mutually acceptable to the successful bidder and the Issuer. <br />Payment of the full purchase price, less the Deposit, shall be made to the Issuer not later than 12:00 <br />P.M., Eastern time on the Closing Date, in Federal Reserve Funds of the United States of America, <br />without cost to the Issuer. <br />The legal opinion of Nabors, Giblin & Nickerson, P.A. ('Bond Counsel") will be furnished <br />without charge to the successful bidder at the time of delivery of the 2024 Bonds. For a further <br />discussion of the content of that opinion and the proposed form of the approving opinion, see the <br />Preliminary Official Statement for the 2024 Bonds. <br />There will also be furnished at the time of delivery of the 2024 Bonds, a certificate or <br />certificates of the Issuer (which may be included in a consolidated closing certificate) relating to <br />the accuracy and completeness of the Official Statement; and stating, among other things, that <br />there is no litigation or administrative action or proceeding pending or, to the knowledge of the <br />Issuer, threatened, at the time of delivery of the 2024 Bonds, (a) to restrain or enjoin or seeking to <br />restrain or enjoin the issuance and delivery of the 2024 Bonds or (b) affecting the validity of the <br />2024 Bonds, and that the Preliminary Official Statement has been deemed by the Issuer to be a <br />"final official statement" for purposes of SEC Rule 15c2 -12(b)(3) and (4). <br />The successful bidder will be responsible for the clearance or exemption with respect to <br />the status of the 2024 Bonds for sale under the securities or 'Blue Sky" laws of the several states <br />and the preparation of any surveys or memoranda in connection with such sale. <br />ESTABLISHMENT OF ISSUE PRICE <br />The winning bidder shall assist the Issuer in establishing the issue price of the 2024 Bonds <br />and shall execute and deliver to the Issuer on or prior to the closing date for the 2024 Bonds an <br />"issue price" or similar certificate setting forth the reasonably expected initial offering prices to <br />the public or the actual sales price or prices of the 2024 Bonds, together with the supporting pricing <br />wires or equivalent communications, substantially in the applicable form attached hereto as Exhibit <br />A-2, with such modifications as may be appropriate or necessary, in the reasonable judgment of <br />the winning bidder, the Issuer and Bond Counsel. <br />The Issuer intends that the provisions of Treasury Regulation Section 1.148-1(f)(3)(i) <br />(defining "competitive sale" for purposes of establishing the issue price of the 2024 Bonds) will <br />apply to the initial sale of the 2024 Bonds ("competitive sale requirements") because: <br />M <br />87 <br />