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"Adjustable Long Mode" means any Adjustment Period during which the Rate Determination Date and Rate Change Date for each Rate Period therein (which shall have a duration of 30 days or more) shall be designated by • the Authority. "Adjustable Long Rate" means, for each Rate Period within an Adjustable Long Mode applicable to a Bond, a fixed per annum interest rate borne by such Bond established pursuant to the Indenture equal to the lowest interest rate which, in the judgment of the Remarketing Agent, would enable such Bond to be remarketed at the principal amount thereof, plus accrued interest thereon, if any, on the Rate Change Date for such Rate Period. "Adjustment Date" means (a) the Closing Date, (b) any date which is the first day of an Adjustment Period designated by the Remarketing Agent in the manner set forth in the Indenture, (c) any Substitute Adjustment Date designated by the Authority in the manner set forth in the Indenture and (d) any proposed Conversion Date designated by the Authority in the manner set forth in the Indenture. "Adjustment Period" means, with respect to each Bond, each period commencing on an Adjustment Date for such Bond to and including Maturity thereof or the day immediately preceding the immediately succeeding Adjustment Date for such Bond, during which period such Bond shall operate in one type of Mode. "Alternate Credit Facility" means a credit facility (other than (a) the Initial Credit Facility or (b) a Renewal Credit Facility), including, without limitation, a letter of credit of a commercial bank or a credit facility from a financial institution (including a United States branch of a foreign bank), or a combination thereof, which provides security for payment of the principal of and interest on the Bonds when due (referred to in this definition as "credit support") and for payment of the purchase price of Bonds delivered or deemed delivered in accordance with the Indenture (referred to in this definition as "liquidity support"); provided that an Alternate Credit Facility may be issued to provide only credit support or liquidity support so long as a separate Alternate Credit Facility or Renewal Credit Facility provides at all times while such Alternate Credit Facility is in effect complementary credit support or liquidity support, as the case may be, so that at all times while any of the Bonds bear interest at a Weekly Rate or an Adjustable Long Rate such Bonds shall be entitled.to credit support and liquidity support. Any amendment • of a Credit Facility which is not a Renewal Credit Facility shall be an Alternate Credit Facility. "Authorized Denomination" means, prior to the Conversion Date with respect to a particular Bond, $100,000 or any integral multiple thereof, except for one Bond issuable in any amount greater than $100,000, and after the Conversion Date with respect to a particular Bond, $5,000 or any integral multiple thereof. "Bond Purchase Fund" means the trust fund so designated which is created and established pursuant to the Indenture. "Business Day" means a day of the year which is not (a) a day on which banking institutions are authorized or required to close in New York, New York, or in the cities where the principal offices of the Trustee, Remarketing Agent, Tender Agent and Credit Facility Issuer are located or (b) a day on which the New York Stock Exchange is closed. "Capitalized Interest Account" means the account so designated which is created and established pursuant to the Indenture. "Closing Date" means the date of the initial authentication and delivery of the Bonds. "Construction Fund" means the trust fund so designated which is created pursuant to the Indenture. "Conversion Date" means an Adjustment Date for any Bond on which it begins to bear interest at a Fixed Rate. "Demand Date" means with respect to any Bond bearing interest at a Weekly Rate, the Business Day i specified in the notice received by the Tender Agent upon which the owner of such Bond intends to tender such E-1