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[180] > Image [180] of Minutes of the University of Kentucky Board of Trustees, 1994-02-jan25.

Part of Minutes of the University of Kentucky Board of Trustees

respect thereto, shall constitute cause for a failure or refusal by the purchasers thereof to accept delivery of and payment for the Series N Bonds in accordance with the terms of the purchase agreement. 0. The successful bidder shall promptly advise the Financial Advisor to the Board of Trustees of (i) the reoffering price for each maturity of the Series N Bonds, and (ii) the principal amount sold to the public of each principal maturity of the Series N Bonds on the reoffering date. P. If the successful bidder desires to obtain insurance guaranteeing the payment of the principal and/or interest on the Series N Bonds, the University agrees that it will cooperate with the successful bidder in obtaining such insurance, but all of the expenses and charges in connection therewith shall be borne by such bidder (with the exception of the costs of ratings by Standard & Poor's Corporation and Moody's Investors Service), and the University shall not be liable to any extent therefor. The Board of Trustees shall provide to the successful purchaser a final Official Statement in accordance with SEC Rule 15c2-12. Arrangements have been made with the printer of the preliminary official statement, upon submission of completion text, to print a reasonable quantity of final Official Statements in sufficient time to meet the delivery requirements of the successful bidder under SEC or Municipal Securities Rulemaking Board Delivery Requirements, which Official Statements will be provided at the expense of the Board. J.J.B. Hilliard, W.L. Lyons, Inc., Louisville, Kentucky, has been employed as Financial Advisor to the Board of Trustees and the University in connection with the issuance of the Series N Bonds. The Financial Advisor's fee for services rendered with respect to the sale of the Series N Bonds is contingent upon the issuance and delivery of the Series N Bonds. The Financial Advisor may submit a bid for the purchase of the Series N Bonds at the time of the advertised public sale of the Series N Bonds, either inde- pendently or as a member of a syndicate organized to submit a bid for the purchase of the Series N Bonds. Concurrently with the delivery of the Series N Bonds, the Treasurer of the Board of Trustees will certify that, to the best of his knowledge, the official statement did not, as of its date, and does not, as of the date of delivery of the Series N Bonds, contain any untrue statement of a material fact or omit to state a material fact which should be included therein for the purpose for which the official statement is to be used, or which is necessary in order to make the statements contained therein, in the light of 9