Common use of Designation of Special Rate Period Clause in Contracts

Designation of Special Rate Period. (a) If any Fund delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fund. (b) If the Board of Directors or Board of Trustees, as the case may be, of any Fund proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund as a Special Rate Period and such Fund delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Fund. (c) If the Board of Directors or Board of Trustees, as the case may be, of any Fund determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d) If any Fund shall deliver to its Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter).

Designation of Special Rate Period. (a) If The Statement will provide that, subject to the Fund's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.5, (i) each Rate Period of any series of MuniPreferred will be a Minimum Rate Period (a duration of seven days, subject to certain exceptions) and (ii) each Rate Period following a Rate Period of any series of MuniPreferred that is other than a Minimum Rate Period will be a Minimum Rate Period. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Fund delivers shall deliver to its the Auction Agent a notice of the Auction Date of the next succeeding Auction for any such series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first- class mail, postage prepaid, to BD each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from such the Fund. (b) Pursuant to the Statement, the Fund may, at its option, designate a Special Rate Period for any series of MuniPreferred in the manner described in Section 4 of Part I of the Statement. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund as a Special Rate Period and such Period, (A) the Fund delivers shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D hereto not less than 20 (or such lesser number of days as may be agreed to from time to time by the Auction Agent) nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Fund shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series of MuniPreferred at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the Fund. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such (A) the Fund delivers shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such the Auction Agent), ) and BD is a Broker-Dealer for such series, such (B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such the Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (diii) If any the Fund shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such the Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreementhereto, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F hereto to the Auction Agency Agreement to BD Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such the Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). Such change in the length of any Rate Period shall not occur if (1) an Auction for shares of such series shall not be held on such Auction Date for any reason or (2) an Auction for shares of such series shall be held on such Auction Date but Sufficient Clearing Bids for shares of such series shall not exist in such Auction.

Designation of Special Rate Period. (a) If any Fund delivers to its the Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund FundPreferred shares for a Rate Dividend Period thereof that next succeeds a Rate Dividend Period that is not a Minimum Standard Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fund. (b) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Dividend Period of any series of MuniPreferred of such Fund FundPreferred shares as a Special Rate Period and such Fund delivers to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Fund. (c) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Dividend Period as a Special Rate Period, Period and such Fund delivers to its the Auction Agent a notice of such Special Rate Dividend Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. 3:00 p.m. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or datePeriod, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any the Fund shall deliver to its the Auction Agent a notice not later than 11:00 A.M. 3:00 p.m. on the second Business Day next preceding the first day of any Rate Dividend Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Dividend Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agent Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a1) If The Statement will provide that, subject to the Trust's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.7, (i) each Rate Period of any Fund delivers series of Preferred Shares will be a Minimum Rate Period (a duration of seven days, subject to its certain exceptions) and (ii) each Rate Period following a Rate Period of any series of Preferred Shares that is other than a Minimum Rate Period will be a Minimum Rate Period. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Trust shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for any such series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b2) Pursuant to the Statement, the Trust may, at its option, designate a Special Rate Period for any series of Preferred Shares in the manner described in Section 4 of Part I of the Statement. (1) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund Preferred Shares as a Special Rate Period and such Fund delivers Period, (A) the Trust shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D hereto not less than 20 nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Trust shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series of Preferred Shares at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the FundTrust. (c2) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers (A) the Trust shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period and (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d3) If any Fund the Trust shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreementhereto, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F hereto to the Auction Agency Agreement to BD Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day Day. Such change in the length of any Rate Period shall not occur if (or, if 1) an Auction for shares of such series shall not be held on such Auction Agent has agreed to a later time Date for any reason or date, as promptly as practicable thereafter)(2) an Auction for shares of such series shall be held on such Auction Date but Sufficient Clearing Bids for shares of such series shall not exist in such Auction.

Designation of Special Rate Period. (a) If The Statement will provide that, subject to the Fund's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.5, (i) each Rate Period of any series of MuniPreferred will be a Minimum Rate Period (a duration of seven days, subject to certain exceptions) and (ii) each Rate Period following a Rate Period of any series of MuniPreferred that is other than a Minimum Rate Period will be a Minimum Rate Period. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Fund delivers shall deliver to its the Auction Agent a notice of the Auction Date of the next succeeding Auction for any such series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from such the Fund. (b) Pursuant to the Statement, the Fund may, at its option, designate a Special Rate Period for any series of MuniPreferred in the manner described in Section 4 of Part I of the Statement. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund as a Special Rate Period and such Period, (A) the Fund delivers shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D hereto not less than 20 (or such lesser number of days as may be agreed to from time to time by the Auction Agent) nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Fund shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series of MuniPreferred at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the Fund. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such (A) the Fund delivers shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such the Auction Agent), ) and BD is a Broker-Dealer for such series, such (B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such the Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (diii) If any the Fund shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such the Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreementhereto, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F hereto to the Auction Agency Agreement to BD Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such the Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). Such change in the length of any Rate Period shall not occur if (1) an Auction for shares of such series shall not be held on such Auction Date for any reason or (2) an Auction for shares of such series shall be held on such Auction Date but Sufficient Clearing Bids for shares of such series shall not exist in such Auction.

Designation of Special Rate Period. (a) If any Fund the Trust delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred Preferred Shares of such Fund the Trust for a Rate Period thereof that next succeeds a Rate Period period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer Broker-.Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred Preferred Shares of such Fund the Trust as a Special Rate Period and such Fund the Trust delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the FundTrust. (c) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund the Trust delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent)Period, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any Fund the Trust shall deliver to its Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any Fund delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fund. (b) If the Board of Directors or Board of Trustees, as the case may be, of any Fund proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund as a Special Rate Period and such Fund delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Fund. (c) If the Board of Directors or Board of Trustees, as the case may be, of any Fund determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d) If any Fund shall deliver to its Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter).as

Designation of Special Rate Period. (a) If any Fund the Trust delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred Preferred Shares of such Fund the Trust for a Rate Period thereof that next succeeds a Rate Period period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fund. (b) the Trust. If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred Preferred Shares of such Fund the Trust as a Special Rate Period and such Fund the Trust delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Fund. (c) Trust. If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund the Trust delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent)Period, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d) Day. If any Fund the Trust shall deliver to its Auction Agent a notice not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If The Statement will provide that, subject to the Trust's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.7, (i) each Rate Period of any Fund delivers series of AMPS will be a Minimum Rate Period (a duration of seven days, subject to its certain exceptions) and (ii) each Rate Period following a Rate Period of any series of AMPS that is other than a Minimum Rate Period will be a Minimum Rate Period. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Trust shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for any such series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) Pursuant to the Statement, the Trust may, at its option, designate a Special Rate Period for any series of AMPS in the manner described in Section 4 of Part I of the Statement. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund AMPS as a Special Rate Period and such Fund delivers Period, (A) the Trust shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D hereto not less than 20 nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Trust shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series of AMPS at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the FundTrust. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers (A) the Trust shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period and (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (diii) If any Fund the Trust shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreementhereto, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F hereto to the Auction Agency Agreement to BD Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day Day. Such change in the length of any Rate Period shall not occur if (or, if 1) an Auction for shares of such series shall not be held on such Auction Agent has agreed to a later time Date for any reason or date, as promptly as practicable thereafter)(2) an Auction for shares of such series shall be held on such Auction Date but Sufficient Clearing Bids for shares of such series shall not exist in such Auction.

Designation of Special Rate Period. (a) If any Fund Trust delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred Municipal Preferred of such Fund Trust for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such FundTrust. (b) If the Board of Directors or Board of Trustees, as the case may be, Trustees of any Fund Trust proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred Municipal Preferred of such Fund Trust as a Special Rate Period and such Fund Trust delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the FundTrust. (c) If the Board of Directors or Board of Trustees, as the case may be, Trustees of any Fund Trust determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund Trust delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d) If any Fund Trust shall deliver to its Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement], and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter).

Designation of Special Rate Period. (a) If The Statement will provide that, subject to the Trust's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.7, (i) each Rate Period of any Fund delivers series of Preferred Shares will be a Minimum Rate Period (a duration of seven days, subject to its certain exceptions) and (ii) each Rate Period following a Rate Period of any series of Preferred Shares that is other than a Minimum Rate Period will be a Minimum Rate Period. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Trust shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for any such series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) Pursuant to the Statement, the Trust may, at its option, designate a Special Rate Period for any series of Preferred Shares in the manner described in Section 4 of Part I of the Statement. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund Preferred Shares as a Special Rate Period and such Fund delivers Period, (A) the Trust shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D hereto not less than 20 nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Trust shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series of Preferred Shares at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker- Dealers for such series as promptly as practicable after its receipt of such notice from the FundTrust. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers (A) the Trust shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period and (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (diii) If any Fund the Trust shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreementhereto, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F hereto to the Auction Agency Agreement to BD Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day Day. Such change in the length of any Rate Period shall not occur if (or, if 1) an Auction for shares of such series shall not be held on such Auction Agent has agreed to a later time Date for any reason or date, as promptly as practicable thereafter)(2) an Auction for shares of such series shall be held on such Auction Date but Sufficient Clearing Bids for shares of such series shall not exist in such Auction.

Designation of Special Rate Period. (a) If any Fund delivers to its the Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund Preferred Shares for a Rate Dividend Period thereof that next succeeds a Rate Dividend Period that is not a Minimum Standard Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fund. (b) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Dividend Period of any series of MuniPreferred of such Fund Preferred Shares as a Special Rate Period and such Fund delivers to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Fund. (c) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Dividend Period as a Special Rate Period, Period and such Fund delivers to its the Auction Agent a notice of such Special Rate Dividend Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. 3:00 p.m. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or datePeriod, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second the next succeeding Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any the Fund shall deliver to its the Auction Agent a notice not later than 11:00 A.M. 3:00 p.m. on the second Business Day next preceding the first day of any Rate Dividend Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Dividend Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agent Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If The Articles Supplementary provide that, subject to the Company's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.5, each Rate Period of Preferred Shares will be a Minimum Rate Period (a duration of 49 days, subject to certain exceptions). Not less than 10 nor more than 20 days prior to the last day of any Fund delivers such Rate Period that is not a Minimum Rate Period, (i) the company shall deliver to its the Auction Agent a notice of the Auction Date of the next succeeding Auction for any series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period Preferred Shares in the form of Exhibit C to the Auction Agency Agreement, E hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of Preferred Shares at the address specified in such Existing Holder's Master Purchaser's Letter and to the Broker-Dealers for Preferred Shares as promptly as practicable after its receipt of such notice from such Fundthe Company. (b) Pursuant to the Articles Supplementary, the Company may, at its option, designate a Special Rate Period for Preferred Shares in the manner described in Section 4 of Part I of the Articles Supplementary. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund Preferred Shares as a Special Rate Period and such Fund delivers Period, (A) the-Company shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D F hereto not less than 20 nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Company shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of Preferred Shares at the address specified in such Existing Holder's Master Purchaser's Letter and to the Broker-Dealers for Preferred Shares as promptly as practicable after its receipt of such notice from the FundCompany. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers (A) the Company shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement G hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period and (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for Preferred Shares not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (diii) If any Fund the Company shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Company has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, Period with respect to which it has delivered a notice in the form of Exhibit F to hereto not later than 11:00 A.M. on the Auction Agency Agreementsecond Business Day next preceding the first day of such proposed Special Rate Period, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to G hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F H hereto to the Auction Agency Agreement to BD Broker-Dealers for Preferred Shares not later than 3:00 P.M. on such second Business Day Day. Such change in the length of any Rate Period shall not occur if, among other things, (or, if a) on the Auction Date next preceding the first day of such Auction Agent has agreed Rate Period Sufficient Clearing Bids shall not exist or (b) a Failure to a later time or date, as promptly as practicable thereafter)Deposit shall have occurred prior to such change with respect to shares of Preferred Shares.

Designation of Special Rate Period. (a) If any Fund the Company delivers to its the Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund Preferred Shares for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C [E] to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD SSB as promptly as practicable after its receipt of such notice from such Fundthe Company. (b) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Company proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund Preferred Shares as a Special Rate Period and such Fund the Company delivers to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D [F] to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD SSB as promptly as practicable after its receipt of such notice from the FundCompany. (c) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Company determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund the Company delivers to its the Auction Agent a notice of such Special Rate Period in the form of Exhibit E [G] to the Auction Agency Agreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or datePeriod, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD SSB not later than 3:00 P.M. on such second Business Day (or, if such the Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d) If any Fund the Company shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Company has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, Period with respect to which it has delivered a notice in the form of Exhibit F [F] to the Auction Agency AgreementAgreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E [G] to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver a notice in the form of Exhibit F [H] to the Auction Agency Agreement to BD the Broker-Dealers for Preferred Shares not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any the Fund delivers to its the Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund TAPS for a Rate Dividend Period thereof that next succeeds a Rate Dividend Period that is not a Minimum Standard Rate Period in the form of Exhibit C D to the Auction Agency Agent Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such the Fund. (b) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Dividend Period of any series of MuniPreferred of such Fund TAPS as a Special Rate Period and such the Fund delivers to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agent Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Fund. (c) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Dividend Period as a Special Rate Period, Period and such the Fund delivers to its the Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agent Agreement not later than 11:00 A.M. [11:30 a.m.] [3:00 p.m.] on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or datePeriod, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any the Fund shall deliver to its the Auction Agent a notice not later than 11:00 A.M. [3:00 p.m.] on the second Business Day next preceding the first day of any Rate Dividend Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Dividend Period as a Special Rate Period, in the form of Exhibit F G to the Auction Agency Agent Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E H to the Auction Agency Agent Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver a notice in the form of Exhibit F G to the Auction Agency Agent Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any Fund delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fund. (b) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund proposes to designate any succeeding Subsequent subsequent Rate Period of any series of MuniPreferred AMPS of such the Fund as a Special Rate Period and such the Fund delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D C to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Fund. (cb) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund determines to designate such succeeding Subsequent subsequent Rate Period as a Special Rate Period, and such the Fund delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E D to the Auction Agency Agreement not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent)Period, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (dc) If any the Fund shall deliver to its Auction Agent a notice not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of any proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent subsequent Rate Period as a Special Rate Period, in the form of Exhibit F E to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E F to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any Fund the Trust delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred AMPS of such Fund the Trust for a Rate Period thereof that next succeeds a Rate Period period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer Broker-.Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fund. (b) the Trust. If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred AMPS of such Fund the Trust as a Special Rate Period and such Fund the Trust delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Fund. (c) Trust. If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund the Trust delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent)Period, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d) Day. If any Fund the Trust shall deliver to its Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any Fund the Trust delivers to its Auction Agent a notice of the Auction Date for any series APS of MuniPreferred of such Fund the Trust for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum 28-day Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred APS of such Fund the Trust as a Special Rate Period and such Fund the Trust delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the FundTrust. (c) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund the Trust delivers to its Auction Agent and BD a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent)Period, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any Fund the Trust shall deliver to its Auction Agent and BD a notice not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any Fund the Trust delivers to its Auction Agent a notice of the Auction Date for any series APS of MuniPreferred of such Fund the Trust for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum 28-day Rate Period or 7-day Rate Period, as applicable in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred APS of such Fund the Trust as a Special Rate Period and such Fund the Trust delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the FundTrust. (c) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund the Trust delivers to its Auction Agent and BD a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent)Period, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any Fund the Trust shall deliver to its Auction Agent and BD a notice not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any Fund Trust delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred Preferred Shares of such Fund Trust for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such FundTrust. (b) If the Board of Directors or Board of Trustees, as the case may be, Trustees of any Fund Trust proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred Preferred Shares of such Fund Trust as a Special Rate Period and such Fund Trust delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the FundTrust. (c) If the Board of Directors or Board of Trustees, as the case may be, Trustees of any Fund Trust determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund Trust delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d) If any Fund Trust shall deliver to its Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter).

Designation of Special Rate Period. (a) If any Fund Trust delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred Municipal Preferred of such Fund Trust for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such FundTrust. (b) If the Board of Directors or Board of Trustees, as the case may be, Trustees of any Fund Trust proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred Municipal Preferred of such Fund Trust as a Special Rate Period and such Fund Trust delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the FundTrust. (c) If the Board of Directors or Board of Trustees, as the case may be, Trustees of any Fund Trust determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund Trust delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d) If any Fund Trust shall deliver to its Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter).

Designation of Special Rate Period. (a) If any Fund delivers to its the Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund Preferred Shares for a Rate Dividend Period thereof that next succeeds a Rate Dividend Period that is not a Minimum Standard Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fund. (b) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Dividend Period of any series of MuniPreferred of such Fund Preferred Shares as a Special Rate Period and such Fund delivers to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Fund. (c) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Dividend Period as a Special Rate Period, Period and such Fund delivers to its the Auction Agent a notice of such Special Rate Dividend Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. 3:00 p.m. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or datePeriod, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any the Fund shall deliver to its the Auction Agent a notice not later than 11:00 A.M. 3:00 p.m. on the second Business Day next preceding the first day of any Rate Dividend Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Dividend Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agent Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any Fund the Trust delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred AMPS of such Fund the Trust for a Rate Period thereof that next succeeds a Rate Period period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer Broker-.Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred AMPS of such Fund the Trust as a Special Rate Period and such Fund the Trust delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the FundTrust. (c) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund the Trust delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent)Period, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any Fund the Trust shall deliver to its Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any Fund the Trust delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred AMPS of such Fund the Trust for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred AMPS of such Fund the Trust as a Special Rate Period and such Fund the Trust delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the FundTrust. (c) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund the Trust delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent)Period, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any Fund the Trust shall deliver to its Auction Agent a notice not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any Fund delivers Subject to its Auction Agent the Fund's option to designate a notice of the Auction Date for any series of MuniPreferred of such Fund for a Special Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period as referred to in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fund. paragraph (b) If the Board of Directors or Board of Trusteesthis Section 2.7, as the case may be, of any Fund proposes to designate any succeeding Subsequent (i) each Rate Period of any series of MuniPreferred AMPS will be a 7-Day Rate Period or a 28-Day Rate Period (a duration of such seven days in the cases of Series [ ] or twenty-eight days in the cases of Series [ ], subject to certain exceptions) and (ii) each Rate Period following a Rate Period of any series of AMPS that is other than a 7-Day Rate Period in the cases of Series [ ] or a 28-Day Rate in the cases of Series [ ] will be a 7-Day Rate Period in the cases of S[ ] or a 28-Day Rate in the cases of Series [ ]. (b) Pursuant to the Statement, the Fund may, at its option, designate a Special Rate Period for any series of AMPS in the manner described in Section 2 of the Statement. (i) If the Board of Trustees proposes to designate any subsequent Rate Period of any series of AMPS as a Special Rate Period and such Period, (A) the Fund delivers shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D C hereto not less than 20 (or such lesser number of days as may be reasonably practicable under the circumstances) nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Fund shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series of AMPS at the address set forth for such Existing Holder in the records of the 11 Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the Fund. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent subsequent Rate Period as a Special Rate Period, and such (A) the Fund delivers shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement D hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period and (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (diii) If any the Fund shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency AgreementE hereto, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to F hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F E hereto to the Auction Agency Agreement to BD Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day Day. Such change in the length of any Rate Period shall not occur if (or, if 1) an Auction for shares of such series shall not be held on such Auction Agent has agreed to a later time Date for any reason or date, as promptly as practicable thereafter)(2) an Auction for shares of such series shall be held on such Auction Date but Sufficient Clearing Bids for shares of such series shall not exist in such Auction.

Designation of Special Rate Period. (a) If The Statement will provide that, subject to the Trust's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.7, (i) each Rate Period of APS will have a duration of seven or twenty-eight days, as applicable, subject to certain exceptions) and (ii) each Rate Period following a Rate Period that is other than seven or twenty-eight days, as applicable, will be seven or twenty-eight days in duration, as applicable. Not less than 10 nor more than 20 days prior to the last day of any Fund delivers such Rate Period that is not seven or twenty-eight days in duration, as applicable, (i) the Trust shall deliver to its the Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund for a Rate Period thereof that the next succeeds a Rate Period that is not a Minimum Rate Period succeeding Auction in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) Pursuant to the Statement, the Trust may, at its option, designate a Special Rate Period for the APS in the manner described in Section 3 of Part I of the Statement. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund the APS as a Special Rate Period and such Fund delivers Period, (A) the Trust shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to hereto and (B) the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent on behalf of the Trust shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of APS at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers as promptly as practicable after its receipt of such notice from the Fund. (c) If the Board of Directors or Board of Trustees, as the case may be, of any Fund determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d) If any Fund shall deliver to its Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter).the

Designation of Special Rate Period. (a) If Subject to the Trust’s option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.7, (i) each Rate Period of any Fund delivers series of AMPS will be a Minimum Rate Period (a duration of seven days, subject to its certain exceptions) and (ii) each Rate Period following a Rate Period of any series of AMPS that is other than a Minimum Rate Period will be a Minimum Rate Period. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Trust shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for any such series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and in the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) Pursuant to the Statement, the Trust may, at its option, designate a Special Rate Period for any series of AMPS in the manner described in Section 3 of Part I of the Statement. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund AMPS as a Special Rate Period and such Fund delivers Period, (A) the Trust shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D hereto not less than 20 nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Trust shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series of AMPS at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the FundTrust. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers (A) the Trust shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period and (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (diii) If any Fund the Trust shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreementhereto, or shall fail to timely deliver either such notice or a notice in the form from of Exhibit E to hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F hereto to the Auction Agency Agreement to BD Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day Day. Such change in the length of any Rate Period shall not occur if (or, if 1) an Auction for shares of such series shall not be held on such Auction Agent has agreed to a later time Date for any reason or date, as promptly as practicable thereafter)(2) an Auction for shares of such series shall be held on such Auction Date but Sufficient Clearing Bids for shares of such series shall not exist in such Auction.

Designation of Special Rate Period. (a1) If The Statement will provide that, subject to the Trust's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.7, (i) each Rate Period of any Fund delivers series of Preferred Shares will be a Minimum Rate Period (a duration of seven days, subject to its certain exceptions) and (ii) each Rate Period following a Rate Period of any series of Preferred Shares that is other than a Minimum Rate Period will be a Minimum Rate Period. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Trust shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for any such series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b2) Pursuant to the Statement, the Trust may, at its option, designate a Special Rate Period for any series of Preferred Shares in the manner described in Section 4 of Part I of the Statement. (1) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund Preferred Shares as a Special Rate Period and such Fund delivers Period, (A) the Trust shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D hereto not less than 20 (or such lesser number of days as may be agreed to from time to time by the Auction Agent) nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Trust shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series of Preferred Shares at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the FundTrust. (c2) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers (A) the Trust shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such the Auction Agent), ) and BD is a Broker-Dealer for such series, such (B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such the Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d3) If any Fund the Trust shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such the Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreementhereto, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F hereto to the Auction Agency Agreement to BD Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such the Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). Such change in the length of any Rate Period shall not occur if (1) an Auction for shares of such series shall not be held on such Auction Date for any reason or (2) an Auction for shares of such series shall be held on such Auction Date but Sufficient Clearing Bids for shares of such series shall not exist in such Auction.

Designation of Special Rate Period. (a) If The Statement will provide that, subject to the Trust’s option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.7, (i) each Rate Period of APS will have a duration of twenty-eight days, subject to certain exceptions) and (ii) each Rate Period following a Rate Period that is other than twenty-eight days will be twenty-eight days in duration. Not less than 10 nor more than 20 days prior to the last day of any Fund delivers such Rate Period that is not twenty-eight days in duration, (i) the Trust shall deliver to its the Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund for a Rate Period thereof that the next succeeds a Rate Period that is not a Minimum Rate Period succeeding Auction in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) Pursuant to the Statement, the Trust may, at its option, designate a Special Rate Period for the APS in the manner described in Section 3 of Part I of the Statement. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund the APS as a Special Rate Period and such Fund delivers Period, (A) the Trust shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to hereto and (B) the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent on behalf of the Trust shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of APS at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers as promptly as practicable after its receipt of such notice from the FundTrust. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers (A) the Trust shall deliver to its the Auction Agent and the Broker-Dealers a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period. (iii) If the Board of Trustees determines not to designate such succeeding Subsequent Rate Period (or by such later time or dateas a Special Rate Period, or both, as may be agreed the Trust shall deliver to by such the Auction Agent), Agent and BD is a each Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d) If any Fund shall deliver to its Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreementhereto, or if the Trust shall fail to timely deliver either such notice or a notice in the form of Exhibit E hereto, the Trust shall be deemed to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver have delivered a notice in the form of Exhibit F hereto to the Auction Agency Agreement to BD Agent and the Broker-Dealers. Such change in the length of any Rate Period shall not later than 3:00 P.M. occur if (1) an Auction for APS shall not be held on such second Business Day Auction Date for any reason, (or, if 2) an Auction for APS shall be held on such Auction Date but Sufficient Clearing Bids for APS shall not exist in such Auction, or (3) any other precondition for a Special Rate Period stated in Section 3(a) of Part I of the Statement is not met; provided that the Auction Agent has agreed shall be authorized to act in accordance with any notice establishing a later time or dateSpecial Rate Period, as promptly as practicable thereafter)absent its receipt of written notice that the preconditions of Section 3(a) of Part I of the Statement have not been satisfied.

Designation of Special Rate Period. (a) If The Articles Supplementary provide that, subject to the Fund's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.5, (i) each Rate Period of any series of Preferred Shares will be a Minimum Rate Period (a duration of seven days, subject to certain exceptions) and (ii) each Rate Period following a Rate Period of any series of Preferred Shares that is other than a Minimum Rate Period will be a Minimum Rate Period. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Fund delivers shall deliver to its the Auction Agent a notice of the Auction Date of the next succeeding Auction for any such series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, D hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to BD as promptly as practicable after its receipt each Existing Holder of shares of such notice from series at the address set forth for such Fund. (b) If Existing Holder in the Board records of Directors or Board of Trustees, as the case may be, of any Fund proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund as a Special Rate Period and such Fund delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D and to the Auction Agency Agreement, and BD is a Broker-Dealer Dealers for such series, such Auction Agent shall deliver such notice to BD series as promptly as practicable after its receipt of such notice from the Fund. (cb) Pursuant to the Articles Supplementary, the Fund may, at its option, designate a Special Rate Period for any series of Preferred Shares in the manner described in Section 4 of Part I of the Articles Supplementary. (i) If the Board of Directors or proposes to designate any succeeding Subsequent Rate Period of any series of Preferred Shares as a Special Rate Period, (A) the Fund shall deliver to the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit E hereto not less than 20 nor more than 30 days prior to the first day of such proposed Special Rate Period and (B) the Auction Agent on behalf of the Fund shall deliver such notice by first-class mail, postage prepaid, to each Existing Holder of shares of such series of Preferred Shares at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the Fund. (ii) If the Board of Trustees, as the case may be, of any Fund Directors determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such (A) the Fund delivers shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement F hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period and (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for such series not later than 3:00 3:30 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (diii) If any the Fund shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency AgreementE hereto, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to F hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F G hereto to the Auction Agency Agreement to BD Broker-Dealers for such series not later than 3:00 3:30 P.M. on such second Business Day (or, if such the Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). Such change in the length of a Rate Period shall not occur if (1) an Auction for shares of such series shall not be held on such Auction Date for any reason or (2) an Auction for shares of such series shall be held on such Auction Date but Sufficient clearing Bids for shares of such series shall not exist in such Auction.

Designation of Special Rate Period. (a) If any Fund delivers to its the Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund AMPS for a Rate Dividend Period thereof that next succeeds a Rate Dividend Period that is not a Minimum Standard Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fund. (b) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Dividend Period of any series of MuniPreferred of such Fund AMPS as a Special Rate Period and such Fund delivers to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Fund. (c) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Dividend Period as a Special Rate Period, Period and such Fund delivers to its the Auction Agent a notice of such Special Rate Dividend Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. 3:00 p.m. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or datePeriod, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second the next succeeding Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any the Fund shall deliver to its the Auction Agent a notice not later than 11:00 A.M. 3:00 p.m. on the second Business Day next preceding the first day of any Rate Dividend Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Dividend Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agent Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any Fund delivers to its the Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund Preferred Shares for a Rate Dividend Period thereof that next succeeds a Rate Dividend Period that is not a Minimum Standard Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fund. (b) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Dividend Period of any series of MuniPreferred of such Fund Preferred Shares as a Special Rate Period and such Fund delivers to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Fund. (c) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Dividend Period as a Special Rate Period, Period and such Fund delivers to its the Auction Agent a notice of such Special Rate Dividend Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or datePeriod, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any the Fund shall deliver to its the Auction Agent a notice not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of any Rate Dividend Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Dividend Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agent Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any Fund the Trust delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred AMPS of such Fund the Trust for a Rate Period thereof that next succeeds a Rate Period period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred AMPS of such Fund the Trust as a Special Rate Period and such Fund the Trust delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the FundTrust. (c) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund the Trust delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent)Period, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any Fund the Trust shall deliver to its Auction Agent a notice not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any Fund the Trust delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred APS of such Fund the Trust for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred APS of such Fund the Trust as a Special Rate Period and such Fund the Trust delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the FundTrust. (c) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund the Trust delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent)Period, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any Fund the Trust shall deliver to its Auction Agent a notice not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any Fund delivers Subject to its Auction Agent the Fund's option to designate a notice Special Rate Period as referred to in paragraph (b) of the Auction Date for this Section 2.7, (i) each Rate Period of any series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not AMPS will be a Minimum Rate Period in the form (a duration of Exhibit C seven Rate Period Days or twenty-eight Rate Period Days, subject to the Auction Agency Agreement, certain exceptions) and BD (ii) each Rate Period following a Rate Period of any series of AMPS that is other than a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such FundMinimum Rate Period will be a Minimum Rate Period. (b) Pursuant to the Statement, the Fund may, at its option, designate a Special Rate Period for any series of AMPS in the manner described in Section 3 of Part I of the Statement. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund AMPS as a Special Rate Period and such Period, (A) the Fund delivers shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D C hereto not less than 20 (or such lesser number of days as may be reasonably practicable under the circumstances) nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Fund shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series of AMPS at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the Fund. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such (A) the Fund delivers shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement D hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period and (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (diii) If any the Fund shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency AgreementE hereto, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to F hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F E hereto to the Auction Agency Agreement to BD Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day Day. Such change in the length of any Rate Period shall not occur if (or, if 1) an Auction for shares of such series shall not be held on such Auction Agent has agreed to a later time Date for any reason or date, as promptly as practicable thereafter)(2) an Auction for shares of such series shall be held on such Auction Date but Sufficient Clearing Bids for shares of such series shall not exist in such Auction.

Designation of Special Rate Period. (a) If any Fund the Company delivers to its the Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund Preferred Shares for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD SSB as promptly as practicable after its receipt of such notice from such Fundthe Company. (b) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Company proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund Preferred Shares as a Special Rate Period and such Fund the Company delivers to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD SBFM as promptly as practicable after its receipt of such notice from the FundCompany. (c) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Company determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund the Company delivers to its the Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or datePeriod, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD SBFM not later than 3:00 P.M. on such second Business Day (or, if such the Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d) If any Fund the Company shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Company has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, Period with respect to which it has delivered a notice in the form of Exhibit F D to the Auction Agency AgreementAgreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD the Broker-Dealers for Preferred Shares not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If Subject to the Trust’s option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.7, (i) each Rate Period of any Fund delivers series of APS will be a Minimum Rate Period (a duration of seven days, subject to its certain exceptions) and (ii) each Rate Period following a Rate Period of any series of APS that is other than a Minimum Rate Period will be a Minimum Rate Period. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Trust shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for any such series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) Pursuant to the Statement, the Trust may, at its option, designate a Special Rate Period for any series of APS in the manner described in Section 3 of Part I of the Statement. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund APS as a Special Rate Period and such Fund delivers Period, (A) the Trust shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D hereto not less than 20 nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Trust shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series of APS at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the FundTrust. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers (A) the Trust shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period and (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (diii) If any Fund the Trust shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreementhereto, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F hereto to the Auction Agency Agreement to BD Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day Day. Such change in the length of any Rate Period shall not occur if (or, if 1) an Auction for shares of such series shall not be held on such Auction Agent has agreed to a later time Date for any reason or date, as promptly as practicable thereafter)(2) an Auction for shares of such series shall be held on such Auction Date but Sufficient Clearing Bids for shares of such series shall not exist in such Auction.

Designation of Special Rate Period. (a) If The Statement will provide that, subject to the Trust's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.7, (i) each Rate Period of any Fund delivers series of APS will have a duration of twenty-eight days, subject to its certain exceptions) and (ii) each Rate Period following a Rate Period of any series of APS that is other than twenty-eight days will be twenty-eight days in duration. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not twenty-eight days in duration, (i) the Trust shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for any such series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) Pursuant to the Statement, the Trust may, at its option, designate a Special Rate Period for any series of APS in the manner described in Section 3 of Part I of the Statement. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund APS as a Special Rate Period and such Fund delivers Period, (A) the Trust shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D hereto not less than 20 nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Trust shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series of APS at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the FundTrust. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers (A) the Trust shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement hereto not later than 11:00 11 :00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period and (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (diii) If any Fund the Trust shall deliver to its the Auction Agent a notice not later than 11:00 11 :00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreementhereto, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F hereto to the Auction Agency Agreement to BD Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day Day. Such change in the length of any Rate Period shall not occur if (or, if 1) an Auction for shares of such series shall not be held on such Auction Agent has agreed to a later time Date for any reason or date, as promptly as practicable thereafter)(2) an Auction for shares of such series shall be held on such Auction Date but Sufficient Clearing Bids for shares of such series shall not exist in such Auction.

Designation of Special Rate Period. (a) If any Fund the Trust delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred APS of such Fund the Trust for a Rate Period thereof that next succeeds a Rate Period period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred APS of such Fund the Trust as a Special Rate Period and such Fund the Trust delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the FundTrust. (c) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund the Trust delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent)Period, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any Fund the Trust shall deliver to its Auction Agent a notice not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any the Fund delivers to its the Auction Agent a notice notice, in the form of Exhibit D to the Auction Agency Agreement, of the Auction Date for any series of MuniPreferred of such Fund Preferred Shares for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such seriesPeriod, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such the Fund. (b) If the Board of Directors or Board of Trustees, as the case may be, of any Fund proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund Preferred Shares as a Special Rate Period and such the Fund delivers to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Fund. (c) If the Board of Directors or Board of Trustees, as the case may be, of any Fund determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such the Fund delivers to its the Auction Agent a notice of such Special Rate Period in the form of Exhibit E F to the Auction Agency Agreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such Rate Period (or by such later time or datePeriod, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD not later than 3:00 3:30 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any the Fund shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F G to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E F to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver a notice in the form of Exhibit F G to the Auction Agency Agreement to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any Fund delivers to its the Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund FundNotes for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Standard Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fund. (b) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund FundNotes as a Special Rate Period and such Fund delivers to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Fund. (c) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, Period and such Fund delivers to its the Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. 3:00 p.m. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or datePeriod, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any the Fund shall deliver to its the Auction Agent a notice not later than 11:00 A.M. 3:00 p.m. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agent Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If The Articles Supplementary provide that, subject to the Fund's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.5, each Rate Period of Preferred Shares will be a Minimum Rate Period (a duration of 7 days, subject to certain exceptions). Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Fund delivers shall deliver to its the Auction Agent a notice of the Auction Date of the next succeeding Auction for any series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period Preferred Shares in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by --------- first-class mail, postage prepaid, to BD the Broker-Dealers for Preferred Shares as promptly as practicable after its receipt of such notice from such the Fund. (b) Pursuant to the Articles Supplementary, the Fund may, at its option, designate a Special Rate Period for Preferred Shares in the manner described in Section 4 of Part I of the Articles Supplementary. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund Preferred Shares as a Special Rate Period and such Period, (A) the Fund delivers shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D hereto not less than 20 nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Fund shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of Preferred Shares at the address specified by such Existing Holder and to the Broker-Dealers for Preferred Shares as promptly as practicable after its receipt of such notice from the Fund. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such (A) the Fund delivers shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d) If any Fund shall deliver to its Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter).---------

Designation of Special Rate Period. (a) If The Statement will provide that, subject to the Trust’s option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.7, (i) each Rate Period of APS will have a duration of seven or twenty-eight days, as applicable, subject to certain exceptions) and (ii) each Rate Period following a Rate Period that is other than seven or twenty-eight days, as applicable, will be seven or twenty-eight days in duration, as applicable. Not less than 10 nor more than 20 days prior to the last day of any Fund delivers such Rate Period that is not seven or twenty-eight days in duration, as applicable, (i) the Trust shall deliver to its the Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund for a Rate Period thereof that the next succeeds a Rate Period that is not a Minimum Rate Period succeeding Auction in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) Pursuant to the Statement, the Trust may, at its option, designate a Special Rate Period for the APS in the manner described in Section 3 of Part I of the Statement. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund the APS as a Special Rate Period and such Fund delivers Period, (A) the Trust shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to hereto and (B) the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent on behalf of the Trust shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of APS at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers as promptly as practicable after its receipt of such notice from the FundTrust. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers (A) the Trust shall deliver to its the Auction Agent and the Broker-Dealers a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period. (iii) If the Board of Trustees determines not to designate such succeeding Subsequent Rate Period (or by such later time or dateas a Special Rate Period, or both, as may be agreed the Trust shall deliver to by such the Auction Agent), Agent and BD is a each Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d) If any Fund shall deliver to its Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreementhereto, or if the Trust shall fail to timely deliver either such notice or a notice in the form of Exhibit E hereto, the Trust shall be deemed to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver have delivered a notice in the form of Exhibit F hereto to the Auction Agency Agreement to BD Agent and the Broker-Dealers. Such change in the length of any Rate Period shall not later than 3:00 P.M. occur if (1) an Auction for APS shall not be held on such second Business Day Auction Date for any reason, (or, if 2) an Auction for APS shall be held on such Auction Date but Sufficient Clearing Bids for APS shall not exist in such Auction, or (3) any other precondition for a Special Rate Period stated in Section 3(a) of Part I of the Statement is not met; provided that the Auction Agent has agreed shall be authorized to act in accordance with any notice establishing a later time or dateSpecial Rate Period, as promptly as practicable thereafter)absent its receipt of written notice that the preconditions of Section 3(a) of Part I of the Statement have not been satisfied.

Designation of Special Rate Period. (a) If The Statement will provide that, subject to the Trust's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.7, (i) each Rate Period of any Fund delivers series of AMPS will be a Minimum Rate Period (a duration of seven days, subject to its certain exceptions) and (ii) each Rate Period following a Rate Period of any series of AMPS that is other than a Minimum Rate Period will be a Minimum Rate Period. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Trust shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for any such series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) Pursuant to the Statement, the Trust may, at its option, designate a Special Rate Period for any series of AMPS in the manner described in Section 3 of Part I of the Statement. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund AMPS as a Special Rate Period and such Fund delivers Period, (A) the Trust shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D hereto not less than 20 nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Trust shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series of AMPS at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the FundTrust. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers (A) the Trust shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period and (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (diii) If any Fund the Trust shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreementhereto, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F hereto to the Auction Agency Agreement to BD Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day Day. Such change in the length of any Rate Period shall not occur if (or, if 1) an Auction for shares of such series shall not be held on such Auction Agent has agreed to a later time Date for any reason or date, as promptly as practicable thereafter)(2) an Auction for shares of such series shall be held on such Auction Date but Sufficient Clearing Bids for shares of such series shall not exist in such Auction.

Designation of Special Rate Period. i) The Articles Supplementary provide that, subject to the Company's option to designate a Special Rate Period as preferred to in paragraph (aii) If of this Section 2(e), each Rate Period of AMPS will be a Minimum Rate Period (a duration of 28 days, subject to certain exceptions). Not less than 10 nor more than 20 days prior to the last day of any Fund delivers such Rate Period that is not a Minimum Rate Period, (i) the Company shall deliver to its the Auction Agent a notice of the Auction Date of the next succeeding Auction for any series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period AMPS in the form of Exhibit C to the Auction Agency Agreement, D hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of AMPS at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for AMPS as promptly as practicable after its receipt receipts of such notice from such Fundthe Company. ii) Pursuant to the Articles Supplementary, the Company may, at its option, designate a Special Rate Period for AMPS in the manner described in Section 4 of Part I of the Articles Supplementary. (b1) If the Board of Directors or Board of Trustees, as the case may be, of any Fund proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund AMPS as a Special Rate Period and such Fund delivers Period, (A) the Company shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D E hereto not less than 20 nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Company shall deliver such notice by first-class mail, postage prepaid, to BD as promptly each Existing Holder of shares of AMPS at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for AMPS as practicable after its receipt of such notice from the FundCompany. (c2) If the Board of Directors or Board of Trustees, as the case may be, of any Fund determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers (A) the Company shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement F hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such the Auction Agent), and BD is a Broker-Dealer for such series, such (B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for AMPS not later than 3:00 P.M. on such second Business Day (or, if such the Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d3) If any Fund the Company shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Company has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, Period with respect to which it has delivered a notice in the form of Exhibit F E hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period (or such later time or date, or both, as may be agreed to by the Auction Agency AgreementAgent), or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to F hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F G hereto to the Auction Agency Agreement to BD Broker-Dealers for AMPS not later than 3:00 P.M. on such second Business Day (or, if such the Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). Such change in the length of any Rate Period shall not occur if, among other things, (a) on the Auction Date next preceding the first day of such Rate Period Sufficient Clearing Bids shall not exist or (b) a Failure to Deposit shall have occurred prior to such change with respect to shares of AMPS which shall not have been timely cured or the Late Charge shall not have been paid, in each case in accordance with the Articles Supplementary.

Designation of Special Rate Period. (a) If The Statement will provide that, subject to the Trust's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.5, (i) each Rate Period of any Fund delivers series of Preferred Shares will be a Minimum Rate Period (a duration of seven days, subject to its certain exceptions) and (ii) each Rate Period following a Rate Period of any series of Preferred Shares that is other than a Minimum Rate Period will be a Minimum Rate Period. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Trust shall deliver to the Auction Agent a notice of the Auction Date of the next succeeding Auction for any such series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) Pursuant to the Statement, the Trust may, at its option, designate a Special Rate Period for any series of Preferred Shares in the manner described in Section 4 of Part I of the Statement. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund Preferred Shares as a Special Rate Period and such Fund delivers Period, (A) the Trust shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D hereto not less than 20 (or such lesser number of days as may be agreed to from time to time by the Auction Agent) nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Trust shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series of Preferred Shares at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the FundTrust. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers (A) the Trust shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such the Auction Agent), ) and BD is a Broker-Dealer for such series, such (B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such the Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (diii) If any Fund the Trust shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such the Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreementhereto, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F hereto to the Auction Agency Agreement to BD Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such the Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). Such change in the length of any Rate Period shall not occur if (1) an Auction for shares of such series shall not be held on such Auction Date for any reason or (2) an Auction for shares of such series shall be held on such Auction Date but Sufficient Clearing Bids for shares of such series shall not exist in such Auction.

Designation of Special Rate Period. (a) If any Fund the Trust delivers to its Auction Agent a notice of the Auction Date for any series APS of MuniPreferred of such Fund the Trust for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum 28-day Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Broker- Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fundthe Trust. (b) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred APS of such Fund the Trust as a Special Rate Period and such Fund the Trust delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the FundTrust. (c) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund Trust determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund the Trust delivers to its Auction Agent and BD a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent)Period, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any Fund the Trust shall deliver to its Auction Agent and BD a notice not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund the Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If The Statement will provide that, subject to the Fund's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.5, (i) each Rate Period of any series of MuniPreferred will be a Minimum Rate Period (a duration of seven days, subject to certain exceptions) and (ii) each Rate Period following a Rate Period of any series of MuniPreferred that is other than a Minimum Rate Period will be a Minimum Rate Period. Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Fund delivers shall deliver to its the Auction Agent a notice of the Auction Date of the next succeeding Auction for any such series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice by first- class mail, postage prepaid, to BD each Existing Holder of shares of such series at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from such the Fund. (b) Pursuant to the Statement, the Fund may, at its option, designate a Special Rate Period for any series of MuniPreferred in the manner described in Section 4 of Part I of the Statement. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund as a Special Rate Period and such Period, (A) the Fund delivers shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D hereto not less than 20 (or such lesser number of days as may be agreed to from time to time by the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice Agent) nor more than 30 days prior to BD as promptly as practicable after its receipt of such notice from the Fund. (c) If the Board of Directors or Board of Trustees, as the case may be, of any Fund determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period and (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such B) the Auction Agent on behalf of the Fund shall deliver such notice to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d) If any Fund shall deliver to its Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter).notice

Designation of Special Rate Period. (a) If any Fund delivers Subject to its Auction Agent the Fund's option to designate a notice of the Auction Date for any series of MuniPreferred of such Fund for a Special Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period as referred to in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fund. paragraph (b) If the Board of Directors or Board of Trusteesthis Section 2.7, as the case may be, of any Fund proposes to designate any succeeding Subsequent (i) each Rate Period of any series of MuniPreferred AMPS will be a Minimum Rate Period (a duration of such seven days or twenty-eight days, subject to certain exceptions) and (ii) each Rate Period following a Rate Period of any series of AMPS that is other than a Minimum Rate Period will be a Minimum Rate Period. (b) Pursuant to the Statement, the Fund may, at its option, designate a Special Rate Period for any series of AMPS in the manner described in Section 2 of the Statement. (i) If the Board of Trustees proposes to designate any subsequent Rate Period of any series of AMPS as a Special Rate Period and such Period, (A) the Fund delivers shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D C hereto not less than 20 (or such lesser number of days as may be reasonably practicable under the circumstances) nor more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Fund shall deliver such notice by first-class mail, postage prepaid, to BD each Existing Holder of shares of such series of AMPS at the address set forth for such Existing Holder in the records of the Auction Agent and to the Broker-Dealers for such series as promptly as practicable after its receipt of such notice from the Fund. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent subsequent Rate Period as a Special Rate Period, and such (A) the Fund delivers shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement D hereto not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period and (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (diii) If any the Fund shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency AgreementE hereto, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to F hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F E hereto to the Auction Agency Agreement to BD Broker-Dealers for such series not later than 3:00 P.M. on such second Business Day Day. Such change in the length of any Rate Period shall not occur if (or, if 1) an Auction for shares of such series shall not be held on such Auction Agent has agreed to a later time Date for any reason or date, as promptly as practicable thereafter)(2) an Auction for shares of such series shall be held on such Auction Date but Sufficient Clearing Bids for shares of such series shall not exist in such Auction.

Designation of Special Rate Period. (a) If any Fund delivers to its the Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund TAPS for a Rate Dividend Period thereof that next succeeds a Rate Dividend Period that is not a Minimum Standard Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fund. (b) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees proposes to designate any succeeding Subsequent Rate Dividend Period of any series of MuniPreferred of such Fund TAPS as a Special Rate Period and such Fund delivers to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Fund. (c) If the Board of Directors or Board of Trustees, as the case may be, of any Fund Trustees determines to designate such succeeding Subsequent Rate Dividend Period as a Special Rate Period, Period and such Fund delivers to its the Auction Agent a notice of such Special Rate Dividend Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. 3:00 p.m. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or datePeriod, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any the Fund shall deliver to its the Auction Agent a notice not later than 11:00 A.M. 3:00 p.m. on the second Business Day next preceding the first day of any Rate Dividend Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Dividend Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agent Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any Fund delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such Fund. (b) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred AMPS of such the Fund as a Special Rate Period and such the Fund delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D C to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the Fund. (cb) If the Board of Directors or Board Trustees of Trustees, as the case may be, of any Fund determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such the Fund delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E D to the Auction Agency Agreement not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent)Period, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (dc) If any the Fund shall deliver to its Auction Agent a notice not later than 11:00 A.M. a.m. on the second Business Day next preceding the first day of any proposed Special Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F E to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E F to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. p.m. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If any the Fund delivers to its the Auction Agent a notice of the Auction Date for any series of MuniPreferred of such Fund Preferred Shares for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Dealer of such series, the Auction Agent shall deliver such notice to BD SSB as promptly as practicable after its receipt of such notice from such the Fund. (b) If the Board of Directors or Board of Trustees, as the case may be, of any Fund proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund Preferred Shares as a Special Rate Period and such the Fund delivers to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD SSB as promptly as practicable after its receipt of such notice from the Fund. (c) If the Board of Directors or Board of Trustees, as the case may be, of any Fund determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such the Fund delivers to its the Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period (or by such later time or datePeriod, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver such notice to BD SSB not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (d) If any the Fund shall deliver delivers to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, Period with respect to which it has delivered a notice in the form of Exhibit F D to the Auction Agency AgreementAgreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such proposed Special Rate Period, or shall fail fails to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such the Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD the Broker-Dealers for Preferred Shares not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day.

Designation of Special Rate Period. (a) If The Articles Supplementary provide that, subject to the Fund's option to designate a Special Rate Period as referred to in paragraph (b) of this Section 2.5, each Rate Period of Preferred Shares will be a Minimum Rate Period (a duration of 7 days, subject to certain exceptions). Not less than 10 nor more than 20 days prior to the last day of any such Rate Period that is not a Minimum Rate Period, (i) the Fund delivers shall deliver to its the Auction Agent a notice of the Auction Date of the next succeeding Auction for any series of MuniPreferred of such Fund for a Rate Period thereof that next succeeds a Rate Period that is not a Minimum Rate Period Preferred Shares in the form of Exhibit C to the Auction Agency Agreement, hereto and BD is a Broker-Dealer of such series, (ii) the Auction Agent shall deliver such notice to BD --------- the Broker-Dealers for Preferred Shares as promptly as practicable after its receipt of such notice from such the Fund. (b) Pursuant to the Articles Supplementary, the Fund may, at its option, designate a Special Rate Period for Preferred Shares in the manner described in Section 4 of Part I of the Articles Supplementary. (i) If the Board of Directors or Board of Trustees, as the case may be, of any Fund proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred of such Fund Preferred Shares as a Special Rate Period and such Period, (A) the Fund delivers shall deliver to its the Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D hereto not less than 20 nor --------- more than 30 days prior to the Auction Agency Agreement, first day of such proposed Special Rate Period and BD is a Broker-Dealer for such series, such (B) the Auction Agent on behalf of the Fund shall deliver such notice to BD each Existing Holder of shares of Preferred Shares at the address specified in such Existing Holder's Master Purchaser's Letter and to the Broker-Dealers for Preferred Shares as promptly as practicable after its receipt of such notice from the Fund. (cii) If the Board of Directors or Board of Trustees, as the case may be, of any Fund determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such (A) the Fund delivers shall deliver to its the Auction Agent a notice of such Special Rate Period determination in the form of Exhibit E to the Auction Agency Agreement hereto not later than 11:00 A.M. on the second Business --------- Day next preceding the first day of such proposed Special Rate Period and (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Dealer for such series, such B) the Auction Agent shall deliver such notice to BD the Broker-Dealers for Preferred Shares not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter)Day. (diii) If any the Fund shall deliver to its the Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such the Fund has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, Period with respect to which it has delivered a notice in the form of Exhibit F to D hereto not later than 11:00 A.M. on the Auction Agency Agreementsecond Business Day next preceding the first day of such proposed Special Rate Period, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to hereto, the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F hereto to the Auction Agency Agreement to BD Broker-Dealers for Preferred Shares not later than 3:00 P.M. on such second Business Day Day. Such change in the length of any Rate Period shall not occur if, among other things, (or, if a) an Auction shall not be held on such Auction Agent has agreed to a later time Date for any reason or date, as promptly as practicable thereafter)(b) an Auction shall be held but Sufficient Clearing Bids shall not exist in such Auction.

Designation of Special Rate Period. (a) If any Fund Trust delivers to its Auction Agent a notice of the Auction Date for any series of MuniPreferred Preferred Shares of such Fund Trust for a Rate Period thereof that next succeeds a Rate Period period that is not a Minimum Rate Period in the form of Exhibit C to the Auction Agency Agreement, and BD is a Broker-Broker- Dealer of such series, the Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from such FundTrust. (b) If the Board of Directors or Board of Trustees, as the case may be, Trustees of any Fund Trust proposes to designate any succeeding Subsequent Rate Period of any series of MuniPreferred Preferred Shares of such Fund Trust as a Special Rate Period and such Fund Trust delivers to its Auction Agent a notice of such proposed Special Rate Period in the form of Exhibit D to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver such notice to BD as promptly as practicable after its receipt of such notice from the FundTrust. (c) If the Board of Directors or Board of Trustees, as the case may be, Trustees of any Fund Trust determines to designate such succeeding Subsequent Rate Period as a Special Rate Period, and such Fund Trust delivers to its Auction Agent a notice of such Special Rate Period in the form of Exhibit E to the Auction Agency Agreement not later than 11:00 A.M. on the second Business Day next preceding the first day of such Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent), and BD is a Broker-Broker- Dealer for such series, such Auction Agent shall deliver such notice to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter). (d) If any Fund Trust shall deliver to its Auction Agent a notice not later than 11:00 A.M. on the second Business Day next preceding the first day of any Rate Period (or by such later time or date, or both, as may be agreed to by such Auction Agent) stating that such Fund Trust has determined not to exercise its option to designate such succeeding Subsequent Rate Period as a Special Rate Period, in the form of Exhibit F to the Auction Agency Agreement, or shall fail to timely deliver either such notice or a notice in the form of Exhibit E to the Auction Agency Agreement, and BD is a Broker-Dealer for such series, such Auction Agent shall deliver a notice in the form of Exhibit F to the Auction Agency Agreement to BD not later than 3:00 P.M. on such second Business Day (or, if such Auction Agent has agreed to a later time or date, as promptly as practicable thereafter).