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10:11 <br />OYMEN <br />The Bion�ds will-be a,ward�eld on the blas,li�s of the lowest interest rate to, be determined on a true <br />I <br />I I ntelirest cost (TIC) basis. The City's computation of the interest rate, of each proposal, in <br />,2ccoirdance with custolma,ry pract,iciei, will be controlling. <br />Th�e City will reserve the, right to: (1) waive noin�-su�bsita,n�t�ivei informalifies, of any piroiplosial or of' <br />iL oil <br />matters relating to the recelpt of' proposals and award of the, Bonds, (fl) reject all proposals <br />I I <br />without cause, and, (11111),,rejolect any proposall which the City determines to, have failed to comply <br />w 'th the terms he " <br />I rein�. <br />OW LM M <br />IN 9:4M <br />I I <br />Fla,i�l�ure of the municipal bond insurer to issue the pol�i�cy after Bonds have been awarded to the <br />purchaser shal�l not consit"Itute cause for failure or, refu�s,al by the purchaser to accept delivery on <br />Ael Bol-mids. <br />If th�e Boin�ds q�ua,l�i�fy for assignment of CUSIP numbers such numbers will be printed on the <br />Bondsp bu�t, n�ei I ther' the failure to print s�uch numbers on any Bond nor any error with respect <br />'thereto wi'l�l constlitute cause for fallure or r,efu�sal by the puirchaser to accept d�eli�very of the <br />I <br />Biond�s. The CUSIPI Service Blureau� charge for, the assig�nment of CUSIP identification numbers <br />- I <br />Sih�all be pald by the pur,cha,seir. <br />EM <br />