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"Renewal Date" means a date which is 20 days prior to the <br />Stated Expiration Date of the Credit Facility at the time in effect <br />(or the next preceding Business Day if such day is not a Business <br />Day). <br />"Representation Letter" means the Letter of <br />Representation by and between DTC and the Authority. <br />"Reserve Amount's means the amount of Bond proceeds <br />deposited into the Reserve Fund pursuant to Section 403. <br />"Reserve Fund" means the account so designated which is <br />created and established pursuant to Section 403 hereof. <br />"Sinking Fund" means the trust fund so designated which <br />is created and established pursuant to Section 402 hereof. <br />"S&P" means Standard & Poor's Ratings Group, a division <br />of McGraw Hill, Inc., its successors and its assigns, and, if <br />division shall be dissolved or liquidated or shall no longer <br />perform the functions of a securities rating agency, "S&P" shall <br />be deemed to refer to any other nationally recognized securities <br />rating agency designated by the Trustee, at the written direction <br />of the Authority and the Remarketing Agent and written consent of <br />the Credit Facility Issuer. <br />• "Special Record Date" means the date fixed by the Trustee <br />pursuant to Section 202(e) of this Indenture for the payment of <br />Defaulted Interest. <br />"State" means the State of Indiana. <br />"Stated Expiration Date" means the stated date of <br />expiration or termination of the Credit Facility, including any <br />extensions thereof. <br />"Substitute Adjustment Date" means any Business Day <br />during any Adjustment Period for Pledged Bonds designated by the <br />Authority in accordance with Section 602 of this Indenture as the <br />first day of a new Adjustment Period. <br />"Substitution Date" means the date specified pursuant to <br />Section 502 hereof upon which an Alternate Credit Facility is to <br />be substituted for the Credit Facility then in effect if the <br />Authority has received a Rating Decline Notice with respect to such <br />substitution, which date must be a Business Day and, if any Bonds <br />bear interest at an Adjustable Long Rate, such Business Day must <br />be a Rate Change Date for all such Bonds, and, in any case, such <br />Business Day must be a date on which the Credit Facility for which <br />substitution is being made is available to be drawn upon. <br />• 15 <br />