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(1)
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Bidder ("Bidder") submitting winning bid ("Winning Bid") is
irrevocably obligated to purchase Notes at rates and/or
prices submitted, if acceptable to the Issuer, as set forth
in related Notice. Winning Bids are not officially awarded
to Winning Bidders until formally accepted by Issuer.
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(2)
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TRANTexas is not responsible for technical difficulties that
result in loss of Bidder's internet connection with
TRANTexas, slowness in transmission of bids, or other
technical problems.
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(3)
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If for any reason Bidder is disconnected from Auction Page
during an auction after having submitted a Winning Bid, bid
is valid and binding upon Bidder, unless Issuer exercises
its right to reject bids, as set forth in related Notice.
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(4)
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Bids which generate error messages are not accepted until
error is corrected and bid is resubmitted.
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(5)
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Bidders accept and agree to abide by all terms and
conditions specified in Notice (including Amendments, if
any) related to each auction.
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(6)
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Texas Comptroller of Public Accounts is not responsible for
any defect or inaccuracy in the Notice, Amendments, and
Preliminary Official Statement, as applicable, as they
appear on TRANTexas.
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(7)
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Only Bidders who receive admission to an auction may submit
bids. Texas Comptroller of Public Accounts reserves right to
deny access to TRANTexas website to any Bidder, whether
registered or not, at any time and for any reason
whatsoever, in its sole and absolute discretion.
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(8)
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Neither Texas Comptroller of Public Accounts nor Auction
Administrator is responsible for protecting the
confidentiality of a Bidders TRANTexas password.
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(9)
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In the event one or more Bids specify the same net interest
cost % and the award to such Bidders would exceed the
aggregate principal amount of the Notes offered for sale
after award of Bids specifying lower net interest costs,
then selection for award of such tied Bids will be made
pursuant to the terms described in the Notice.
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(10)
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Bidders must compare their final bids to those shown on the
Observation Pages immediately after the auction ends, and if
they disagree with final results shown on Observation Pages
they must report them to Issuer within 15 minutes after the
auction ends. Regardless of the final results reported by
TRANTexas, Notes are definitively awarded to winning bidders
only upon official award by the Issuer. If, for any reason,
the Issuer fails to: i) award to the winner(s) reported by
TRANTexas or ii) deliver Notes to winning bidder(s) at
settlement, Grant Street Group will not be liable for
damages.
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(11)
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Bidders who submit a bid on the Auction Page by clicking the
'Submit Bid' button must confirm that bid by clicking the
'Yes, Submit Bid' button on the Confirmation Page.
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