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13 <br />(i) the maximum interest rate at which the Letter of Credit and the Confirming Letter of Credit, if <br />any, then in effect provides coverage, or (ii) 9% per annum, and (b) upon and after the Fixed <br />Interest Rate Commencement Date, the Fixed Interest Rate. <br />“Nominal BSBY Rate Period” means, with respect to a BSBY Rate Period, a period of two <br />or more consecutive Semiannual Periods (expressed in years and half years). <br />“Prime Rate” means a rate per annum equal to the prime rate of interest announced from <br />time to time by the BSBY Rate Calculation Agent or its parent company (which is not necessarily <br />the lowest rate charged to any customer), changing when and as said prime rate changes. <br />“Reference Time” with respect to any setting of the then-current Benchmark means (1) if <br />such Benchmark is BSBY, 8:00 a.m. (New York City time) on the day that is two (2) Government <br />Securities Business Days preceding the date of such setting, and (2) if such Benchmark is not <br />BSBY, the time determined by BSBY Rate Calculation Agent in its reasonable discretion. <br />“Relevant Governmental Body” means the Federal Reserve Board or the Federal Reserve <br />Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board <br />or the Federal Reserve Bank of New York, or any successor thereto. <br />“Remarketing Agent” means any Person meeting the qualifications of, and designated from <br />time to time to act as Remarketing Agent under, Sections 6.13 and 6.14 of the Indenture. <br />“Semiannual Date” means each January 1 and July 1 or if any such day is not a Business <br />Day, the immediately succeeding Business Day. <br />“Semiannual Period” means a six month period commencing on a Semiannual Date and <br />ending on and including the calendar day immediately preceding the next Semiannual Date. <br />“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of <br />which is the number one and the denominator of which is the number one minus the aggregate of <br />the maximum reserve percentages (including any basic, marginal, special, emergency, <br />supplemental or other reserve requirements) expressed as a decimal that are prescribed by the <br />Federal Reserve Board for determining the reserve requirements to which the BSBY Rate <br />Calculation Agent is subject with respect to BSBY Loans. The Statutory Reserve Rate shall be <br />adjusted automatically on and as of the effective date of any change in any reserve percentage. <br />“SOFR” means a rate equal to the secured overnight financing rate published by the SOFR <br />Administrator on the website of the SOFR Administrator, currently at http//www.newyorkfed.org <br />(or any successor source for the secured overnight financing rate identified as such by SOFR <br />Administrator from time to time). <br />“SOFR Administrator” means the Federal Reserve Bank of New York (or a successor <br />administrator of the secured overnight financing rate). <br />“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of <br />which is the number one and the denominator of which is the number one minus the aggregate of