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The term "Interest Rate Determination Date" means (i) with <br />respect to the Three Month Interest Rate, the Six Month Interest <br />Rate, the One Year Interest Rate, the Five Year Interest Rate and <br />the Fixed Interest Rate, the tenth Business Day preceding an <br />Interest Rate Adjustment Date, (ii) with respect to the One Month <br />Interest Rate, the seventh Business Day preceding an Interest <br />Rate Adjustment Date, and (iii) with respect to the Weekly <br />Interest Rate, not later than 2:00 p.m. according to local time <br />at the principal corporate trust office of the Trustee on <br />Wednesday of each week, or the next preceding Business Day if <br />such Wednesday is not a Business Day; provided that upon any <br />conversion to the Weekly Interest Rate from a different Interest <br />Rate Mode, the first Interest Rate Determination Date shall mean <br />not later than 2:00 p.m. according to the local time at the <br />principal corporate trust office of the Trustee on the Business <br />Day preceding the Interest Period Reset Date. <br />"Interest Rate Mode" means any of those modes of interest <br />with respect to the Project Bonds permitted by the Indenture, <br />specifically, the Weekly Interest Rate, the One Month Interest <br />Rate, the Three Month Interest Rate, the Six Month Interest Rate, <br />the One Year Interest Rate, the Five Year Interest Rate and the <br />Fixed Interest Rate. <br />"Interest Rate Period" means that period of time during <br />which the interest rate with respect to the Project Bonds has <br />been determined by the Remarketing Agent or otherwise as provided <br />in the definition of the applicable Interest Rate Mode, <br />commencing on the applicable Interest Rate Adjustment Date, and <br />terminating on the day immediately preceding the following <br />Interest Rate Adjustment Date. <br />"One Month Interest Rate" means (a) the rate of interest per <br />annum determined by the Remarketing Agent, on the Interest Rate <br />Determination Date immediately preceding the applicable Interest <br />Rate Adjustment Date, to be the interest rate necessary, during <br />the Interest Rate Period commencing on the applicable Interest <br />Rate Adjustment Date to and including the day preceding the first <br />Business Day of the next month, which is in the judgment of the <br />Remarketing Agent (taking into consideration current transactions <br />and comparable securities with which the Remarketing Agent is <br />involved or of which it is aware and prevailing financial market <br />conditions) to produce as nearly as practical a par bid for the <br />Project Bonds on the Interest Rate Determination Date or (b) in <br />the event that the Remarketing Agent has been removed or has <br />resigned and no successor has been appointed, or the Remarketing <br />Agent has failed to determine the One Month Interest Rate for <br />whatever reason, or the One Month Interest Rate cannot be <br />determined pursuant to clause (a) for whatever reason, the <br />interest rate then in effect with respect to the Project Bonds, <br />without adjustment; provided that in no event shall the One Month <br />Interest Rate exceed 12~ per annum. <br />-10- <br />