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"Fixed Rate" shall be determined as of the first day of <br />any Interest Period as follows: [(.036 + Base Rate) x (1 - <br />Federal Tax Rate) x (1 - State Tax Rate)] divided by [(1 - State <br />Tax Rate) + (State Tax Rate x Federal Tax Rate)]. <br />"Interest Period" shall mean the period commencing on <br />the date selected by said Company specified in its notice <br />required by Section 4.2(c) of said Loan Agreement with respect to <br />selecting a Fixed Rate applicable to the Promissory Note of said <br />Company and ending on a date which is an interest payment date on <br />this Bond not .less than twelve (12) months, nor more than sixty <br />(60) months, after the date of commencement thereof; provided, <br />that the foregoing provision relating to Interest Periods is <br />subject to the following: <br />(i) if any Interest Period would otherwise end on a <br />day which is not a Business Day, that Interest Period shall <br />be extended to the next succeeding Business Day, unless the <br />result of such extension would be to carry such Interest <br />Period into another calendar month in which event such <br />Interest Period shall end on the immediately preceding <br />Business Day; and <br />(ii) no Interest Period shall extend beyond December 1, <br />1999; and <br />(iii) each Interest Period must end on the first day of <br />a March, June, September, or December (except as provided for <br />in clause (i) above). <br />"Prime Rate" shall mean the per annum rate of interest <br />from time to time announced by Harris Trust and Savings Bank as <br />its prime commercial rate, with any change in said Prime Rate to <br />be and become effective on and as of the date of any change in <br />said prime commercial rate. <br />"State Tax Rate" shall <br />percentage rate (to be expressed <br />calculation) from time to time <br />ordinary business corporation imp <br />principal office of the Bank is <br />State tax is deductible by the <br />purposes. <br />mean the maximum incremental <br />as a decimal for purposes of <br />applicable to income of any <br />osed by the State in which the <br />located, the amount of which <br />Bank for Federal income tax <br />"TEFRA Disallowance Deduction" shall mean the percent- <br />age of reduction (to be expressed as a decimal for purposes of <br />calculation) set forth in Section 291(a)(3) of the Code or any <br />successor thereto with respect to any financial institution pre- <br />ference item. <br />-15- <br />