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(c) Daily Rates. <br /> (1) Interest Period. Whenever Bonds are to bear interest accruing at a Daily <br /> Rate, Daily Interest Periods shall commence on each Business Day and shall extend to, but not <br /> include, the next succeeding Business Day. <br /> (2) Effective Period. The interest rate for each Daily Interest Period shall be <br /> effective from and including the commencement date thereof and shall remain in effect to, but <br /> not including, the next succeeding Business Day. <br /> (3) Determination Time. Each Daily Rate shall be determined by the <br /> Remarketing Agent by 10:00 a.m., New York City time, on the commencement date of the Daily <br /> Interest Period to which it relates. Notice of each Daily Rate shall be given by the Remarketing <br /> Agent to the Bond Registrar, the Tender Agent and the City, by Electronic Notice. The Bond <br /> Registrar shall inform the Registered Owners of each Daily Rate determined by the Remarketing <br /> Agent upon request. <br /> (d) Weekly Rates. <br /> (1) Interest Period. Whenever the Bonds are to bear interest accruing at a <br /> Weekly Rate, Weekly Interest Periods shall commence on Wednesday of each week and end on <br /> Tuesday of the following week; provided, however, that (A) in the case of a Conversion to a <br /> Weekly Rate from another Interest Rate Mode, the initial Weekly Interest Period for such Bonds <br /> shall commence on the Weekly Rate Conversion Date and end on the next succeeding Tuesday <br /> and (B) in the case of a Conversion from a Weekly Rate to a Daily Rate, Short-Term Rate or <br /> Long-Term Rate, the last Weekly Interest Period prior to Conversion shall end on the last day <br /> immediately preceding the applicable Conversion Date. <br /> -28- P 0287 CMM20287 AMT 10/14/14 <br />