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(2) Effective Period. The interest rate for each Weekly Interest Period shall be <br /> effective from and including the commencement date of such Weekly Interest Period and shall <br /> remain in effect through and including the last day thereof. <br /> (3) Determination Time. Each Weekly Rate shall be determined by the <br /> Remarketing Agent by 10:00 a.m., New York City time, on the commencement date of the <br /> Weekly Interest Period to which it relates. Notice of each Weekly Rate shall be given by the <br /> Remarketing Agent to the Bond Registrar, the Tender Agent, the City, the Liquidity Facility <br /> Provider, if any, and the Credit Facility Provider, if any, by Electronic Notice not later than <br /> 10:30 a.m., New York City time, on the date of determination. The Bond Registrar shall inform <br /> the Registered Owners of each Weekly Rate determined by the Remarketing Agent upon request. <br /> (e) Short-Term Rates. <br /> (1) Interest Period. Whenever Bonds are to bear interest accruing at a Short- <br /> Term Rate, each Short-Term Interest Period shall be determined by the Remarketing Agent by <br /> 4:00 p.m., New York City time, on the Business Day immediately preceding that Short-Term <br /> Interest Period in accordance with Section 2.03(a)(5)(A); provided that each Short-Term Rate <br /> Period (A) shall be from 1 to 364 days in length, but (i) if a Liquidity Facility is in effect, shall <br /> not exceed the number of days of interest coverage provided by such Liquidity Facility minus <br /> five days and shall not extend beyond the date that is seven days before the Stated Expiration <br /> Date of such Liquidity Facility and (ii) shall not exceed the number of days remaining prior to <br /> the Conversion Date if the Remarketing Agent has given or received notice of any Conversion to <br /> a different Interest Payment Period, (B) shall commence on a Business Day (except in the case of <br /> a Conversion to a Short-Term Rate Period, the initial Short-Term Rate shall commence on the <br /> Conversion Date), and (C) shall end on a day preceding a Business Day or the day preceding the <br /> -29- P\20287_CMNA20287_AMT 10/14/14 <br />