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required by this Section 601, but the Remarketing Agent's determination shall be based solely. upon the Remarketing Agent's judgment, and the Remarketing Agent's determination shall be conclusive and binding upon all parties. The foregoing notwithstanding, the Remarketing Agent may select any Adjustment Period and, within an Adjustable Long Mode, any Rate Period upon the satisfaction of Section 601(h)(ii) hereof. The Remarketing Agent shall select such a principal amount of Bonds for conversion from one Mode to another as will allow Bonds after conversion to be sold in the minimum Authorized Denominations applicable to such Mode. (b) The Remarketing Agent shall evidence each designation of a subsequent Adjustment Date for Bonds pursuant to Section 601(a) hereof by giving written notice to the Trustee, the Tender Agent, the Authority and the Credit Facility Issuer, which written notice shall be received by each such party not less than 15 days prior to the Adjustment Date with respect to the new Adjustment Period, specifying (i) the Mode in which-such Bonds shall operate during such Adjustment Period and the commencement date of such Adjustment Period and (ii) if such Adjustment Period is to be an Adjustable Long Mode, the duration of such Adjustment Period for each Bond affected thereby, the Rate Determination Date or Dates and the Rate Change Date or Dates therefor and the applicable optional redemption provisions determined in accordance with Section 511(a)(ii) hereof; provided, however, that (A) no Rate • Period (other than a Rate Period that is within an Adjustable Long Mode) may extend beyond the Renewal Date; (B) if such Adjustment Period is an Adjustable Long Mode, the first day following each Rate Period therein shall be a Business Day; (C) if such Adjustment Period is an Adjustable Long Mode and if the Renewal Date is scheduled to occur during the current Rate Period therefor, the amount payable to be drawn under the Credit Facility must include an amount sufficient to pay the applicable premium on the Renewal Date on which the Bonds bearing interest at an Adjustable Long Rate are required to be purchased pursuant to Section 504 hereof; and (D) if a Credit Facility is in effect, the number of days of the applicable Interest Coverage Period shall be no less than the sum provided in Section 405 (h) hereof and the Interest Coverage Rate shall be no less than the rate provided in Section 405(h) hereof. Such notice shall have attached to it evidence of satisfaction of Section 601(h) hereof. (c) No later than 11:00 a.m. , New York City time, on the Rate Determination Date preceding an Adjustment Date which is the first day of a Weekly Mode, the Remarketing Agent shall give notice by telecopy to the Authority, the Trustee and the Tender Agent of the initial Weekly Rate to be borne by the Bonds designated to operate in a Weekly Mode. No later than 11:00 a.m., New York City time, on the Rate Determination Date preceding an Adjustment Date which is the first day of an Adjustable Long Mode, the Remarketing Agent shall give notice by telecopy to the Authority, the Trustee • 56