(1)	A Bidder ("Bidder") submitting a winning bid ("Winning Bid") is irrevocably obligated to purchase the Bonds at the rates 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. Bidder ("Bidder") submitting winning bid ("Winning Bid") is irrevocably obligated to purchase Bonds or provide Investments 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.
(2)	Neither Fiscal Advisors & Marketing, Inc. nor Grant Street Group (the "Auction Administrator") is responsible for technical difficulties that result in loss of Bidder's internet connection with the FiscalAdvisorsAuction website, slowness in transmission of bids, or other technical problems. MuniAuction is not responsible for technical difficulties that result in loss of Bidder's internet connection with MuniAuction, slowness in transmission of bids, or other technical problems.
(3)	If for any reason Bidder is disconnected from Auction Page during an auction after having submitted a Winning Bid, such bid is valid and binding upon Bidder, unless Issuer exercises its right to reject bids, as set forth in related Notice.
(4)	Bids that generate error messages are not accepted until error is corrected and bid is received prior to the bid deadline.
(5)	Bidders accept and agree to abide by all terms and conditions specified in Notice (including Amendments, if any) related to each auction.
(6)	Neither Fiscal Advisors & Marketing, Inc. nor the Auction Administrator is responsible for any defect or inaccuracy in the Notice, Amendments, and Preliminary Official Statement, as applicable, as they appear on the FiscalAdvisorsAuction website.
(7)	Only Bidders admitted to an auction may submit bids. Fiscal Advisors & Marketing, Inc. and the Auction Administrator reserve the right to deny access to the FiscalAdvisorsAuction website to any Bidder, whether registered or not, at any time and for any reason whatsoever, in their sole and absolute discretion.
(8)	Neither Fiscal Advisors & Marketing, Inc. nor the Auction Administrator is responsible for protecting the confidentiality of a Bidder's FiscalAdvisorsAuction website password.
(9)	If two bids submitted in same auction by same or different Bidders result in same displayed Net Interest Cost, the first confirmed bid received on the FiscalAdvisorsAuction website prevails, unless stated otherwise in related Notice. Any change to a submitted bid constitutes a new bid, regardless of whether there is a corresponding change in Net Interest Cost.
(10)	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 Fiscal Advisors & Marketing, Inc. within 15 minutes after the auction ends. Regardless of final results reported on the FiscalAdvisorsAuction website, Bonds are definitively awarded to winning bidders only upon official award by the Issuer. If, for any reason, the Issuer fails to: i) award Bonds to the winner reported on the FiscalAdvisorsAuction website, or ii) deliver Bonds to winning bidders at settlement, neither Fiscal Advisors & Marketing, Inc. nor the Auction Administrator will be liable for damages.
(11)	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.
(12)	For auctions utilizing the "Two Minute Rule", if any bid becomes a leading bid within two (2) minutes prior to the scheduled end of the auction, then the auction will be automatically extended for two (2) minutes from the time such new leading bid was received by the FiscalAdvisorsAuction website. The auction end time will continue to be extended, indefinitely, until all leading bid(s) remain the leading bid(s) for at least two minutes, unless an absolute end time is stipulated in the Notice.