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(other than Bank Bonds) shall accrue interest at a Weekly Rate equal to the BMA Municipal <br /> Swap Index in effect on such Rate Determination Date during the period of such vacancy. <br /> Section 2.10. Conversion To Fixed Rate. The Finance Director-Treasurer may elect to <br /> convert the Bonds (other than Bank Bonds) from the Weekly Mode to the Fixed Mode as <br /> follows: <br /> (a) Fixed Rate Conversion Date. <br /> (1) The Fixed Rate Conversion Date must be an Interest Payment Date <br /> (within the meaning of clause (a) of the definition of such term). <br /> (2) The Fixed Rate Conversion Date shall be a Business Day. <br /> (b) Notices by the City. The City shall give notice of any proposed conversion <br /> to the Registrar,the Bank and the Remarketing Agent not fewer than 30 days before the proposed <br /> Fixed Rate Conversion Date. <br /> (c) Notices by Registrar. The Registrar shall give notice by first class mail of <br /> proposed conversion to the Registered Owners of Bonds not less than 15 days before the <br /> proposed Fixed Rate Conversion Date. Such notice shall state: <br /> (1) the proposed Fixed Rate Conversion Date; <br /> (2) that the Bonds will be subject to mandatory tender for purchase on <br /> the Fixed Rate Conversion Date; <br /> (3) the conditions, if any, to the conversion pursuant to subsections (d) <br /> and(e) below; <br /> (4) if the Bonds are in certificated form, information with respect to <br /> required delivery of Bond certificates and payment of the Purchase Price; and <br /> -26- P\CMW\CMW4ZL 11/20/01 <br />