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Bond (or any portion thereof in an Authorized Denomination) for purchase, which Business Day shall be not less than seven calendar days after the date such notice is received. • " " d'ustment Period commencing on the Conversion Date for a Bond and ending Fixed Mode means the A ~ on the Maturity thereof, as established pursuant to the Indenture. "Fixed Rate" means, for the Fixed 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 on the Conversion Date for such Fixed Mode. "Government Obligations" means bonds, notes, certificates of indebtedness, treasury bills or other securities constituting direct obligations of, or obligations the timely payment of the principal of and the interest on which are fully and unconditionally guaranteed by the United States of America or any agency or instrumentality thereof when such obligations aze backed by the full faith and credit of the United States of America. "Immediate Notice" means notice by telephone, telex or telecopier to such address as the addressee shall have directed in writing, promptly followed by written notice by first class mail, postage prepaid; provided, however, that if any Person required to give an Immediate Notice shall not have been provided with the necessary information as to the telephone, telex or telecopier number of an addressee, Immediate Notice shall mean written notice by first class mail, postage prepaid. "Interest Component" means the maximum amount stated in the Credit Facility (as reduced and reinstated from time to time in accordance with the terms thereof) which may be drawn for the payment of accrued interest on the Bonds or for the payment of the portion of the purchase price of Tendered Bonds corresponding to interest accrued on the Tendered Bonds. • "Interest Coverage Period" means the number of days specified in the Credit Facility, initially 57 days, and any other number of days as may be required by the Indenture, which is used to determine the Interest Component. "Interest Coverage Rate" means the rate which is used to determine the Interest Component which shall be 129b for Bonds secured by the Initial Credit Facility, and shall be specified for Bonds bearing interest in each parEiculaz Mode subsequent to the term of the Initial Credit Facility by the Remarketing Agent as the maximum interest rate on such .Bonds, in writing to the Trustee, at the time such Bonds commence bearing interest in accordance with such Mode as such specification may be changed from time to time by the Remarketing Agent subject to compliance with the Indenture. "Interest Payment Date" means (a) for each Bond, each Adjustment Date (including without limitation a proposed Conversion Date) therefor, (b) for any Bond in a Weekly Mode, the first Business Day of each calendar month, (c) for any Bond in an Adjustable Long Mode for any Rate Period which exceeds 366. days duration, each February 1 and August 1, (d) for any Bond in an Adjustable Long Mode, each Rate Change Date, (e) for any Bond in a Fixed Mode, each February 1 and August 1, commencing as provided in the Indenture, (f) for any Pledged Bond, the date such Pledged Bond is remarketed pursuant to the Remarketing Agreement, (g) for each Bond, the Maturity thereof, (h) for any Bond bearing interest at a Weekly Rate or an Adjustable Long Rate, any Substitution Date, and (i) any Renewal Date on which the Bonds are subject to mandatory tender as provided in the Indenture. "LOC Interest Sub-account" means the separate sub-account in the Principal and Interest Account which is created and established therein pursuant to the Indenture. "LOC Principal Sub-account" means the separate account in the Principal and Interest Account which is created and established therein pursuant to the Indenture. "LOC Redemption Account" means the separate account in the Redemption Fund which is created and established therein pursuant to the Indenture. E-2