18. The Purchasers will be required to take delivery of the
Bonds at a place to be designated by the Purchasers, as indicated, within 45
days from the date of the sale. However, it is contemplated that the Bonds
will be delivered on a date during such period as may be designated by represen-
tatives of the Board, and the Purchasers will be required to accept delivery of
and pay for the Bonds on any designated date within such 45 day period upon
notice being given at least five business days prior to the designated delivery
date. (Signed) Henry Clay Owen, Treasurer, Board of Trustees, University of
Kentucky, Lexington, Kentucky 40506.



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