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"Rate Determination Date" means for (a) each Rate Period • during any Weekly Mode, Tuesday or such other day of the week designated as such by the Remarketing Agent from time to time, in accordance with the provisions of Section 202(b)(ii) hereof, next preceding the Rate Change Date for such Rate Period (unless such day is not a Business Day, in which case the Rate Determination Date shall be the immediately preceding Business Day), (b) each Rate Period during any Adjustable Long Mode, the Business Day(s) specified in the notice delivered to the Trustee and the Tender Agent in accordance with Section 601(b) or 602 (b) hereof which Business Day shall not be less than one calendar day nor more than seven calendar days prior to the first day of such Rate Period, (c) each Rate Period during a Fixed Mode, the date of the firm underwriting or purchase contract referred to in Section 603, (d) the Rate Period following a proposed Conversion Date in the event of a failed conversion, such proposed Conversion Date, (e) the Rate Period following a failed conversion pursuant to Section 601(e), the proposed Adjustment Date, and (f) a Rate Period commencing on a Substitution Date, such Substitution Date. "Rate Period" means, with respect to each Bond, each period commencing on a Rate Change Date for such Bond to and including the Maturity thereof or the day immediately preceding the immediately succeeding Rate Change Date for such Bond, during which period such Bond shall bear interest at one particular interest rate. • "Rating Agency" means Moody's or S&P. "Rating Decline Notice" means a notice received by the Authority from any Rating Agency then maintaining a rating on any of the Bonds secured by the Credit Facility that, upon substitution of an Alternate Credit Facility for the Credit Facility then in effect, the rating on such Bonds will thereafter be withdrawn or reduced from the rating borne by such Bonds immediately prior to such substitution. "Rebate Fund" means the fund which is created and established to comply with Section 148 (f) of the Code pursuant to Section 405 hereof. "Record Date" means (a) with respect to any Bond during a Weekly Mode or an Adjustable Long Mode for any Rate Period of 366 days or less, the Business Day immediately preceding each Interest Payment Date, (b) with respect to any Bond during an Adjustable Long Mode for any Rate Period exceeding 366 days or during a -Fixed Mode, January 15 or July 15 (whether or not a Business Day) preceding each Interest Payment Date. "Redemption Fund" means the trust fund so designated which is created and established pursuant to Section 407 hereof. 13