Common use of Preparation for Each Auction Clause in Contracts

Preparation for Each Auction. (a) Not later than 9:30 a.m. on each Rate Determination Date for each subseries of the Auction Rate Securities, the Auction Agent shall advise the Broker-Dealer by telephone of the All Hold Rate, the Maximum Rate and the "AA" Composite Commercial Paper Rate or the Index, as the case may be, used in determining such rates. (b) In the event the Rate Determination Date for any Auction shall be changed after the Auction Agent has given notice of such Rate Determination Date pursuant to paragraph (a)(vii) of the Settlement Procedures, the Auction Agent, by such means as the Auction Agent deems practicable, shall give notice of such change to the Broker-Dealer not later than the earlier of 9:15 a.m. on the new Rate Determination Date and 9:15 a.m. on the old Rate Determination Date. Thereafter, the Broker-Dealer shall use its best efforts to promptly notify its customers who are Existing Holders of such change in the Rate Determination Date. (c) From time to time upon request of the Auction Agent, the Broker-Dealer shall provide the Auction Agent with a statement of the aggregate amount of each subseries of the Auction Rate Securities held by the Broker-Dealer as an Existing Holder. (d) The Auction Agent shall send by telecopy or other means a copy of any Notice of Auction Rate Securities Outstanding, in substantially the form of Exhibit D to the Auction Agent Agreement, received from the Trustee to the Broker-Dealer in accordance with Section 4.03 hereof.

Preparation for Each Auction. (a) Not later than 9:30 a.m. on each Rate Determination Date for each subseries of the Auction Rate Securities, the Auction Agent shall advise the Broker-Dealer by telephone of the All Hold Minimum Rate, the Maximum Rate and the "AA" Composite Commercial Paper Rate or the Index, as the case may be, used in determining such rates. (b) In the event the Rate Determination Date for any Auction shall be changed after the Auction Agent has given notice of such Rate Determination Date pursuant to clause (vii) of paragraph (a)(viia) of the Settlement Procedures, the Auction Agent, by such means as the Auction Agent deems practicable, shall give notice of such change to the Broker-Dealer not later than the earlier of 9:15 a.m. on the new Rate Determination Date and 9:15 a.m. on the old Rate Determination Date. Thereafter, the Broker-Dealer shall use its best efforts to promptly notify its customers who are Existing Holders of such change in the Rate Determination Date. (c) From time to time upon request of the Auction Agent, the Broker-Dealer shall provide the Auction Agent with a statement of the aggregate amount of each subseries of the Auction Rate Securities held by the Broker-Dealer as an Existing Holder. (d) The Auction Agent shall send by telecopy or other means a copy of any Notice of Auction Rate Securities Outstanding, in substantially the form of Exhibit D to the Auction Agent Agreement, received from the Trustee to the Broker-Dealer in accordance with Section 4.03 hereof.

Preparation for Each Auction. (a) Not later than 9:30 a.m. A.M. on each Rate Determination Auction Date for each subseries a Class of the Auction Rate SecuritiesNotes or the Certificates, the Auction Agent shall advise the Broker-Dealer by telephone of the All Hold Rate, the Maximum Auction Rate, the Net Loan Rate (based upon information provided by the Administrator), the One-Month LIBOR and the "AA" Composite Commercial Paper Rate or the Index, as the case may be, used in determining such ratesThree-Month LIBOR. (b) In the event the Rate Determination Auction Date for any Auction shall be changed after the Auction Agent has given notice of such Rate Determination Auction Date pursuant to clause (vii) of paragraph (a)(viia) of the Settlement Procedures, the Auction Agent, by telephone (confirmed in writing), telecopy or such other means as the Auction Agent deems practicable, shall give notice of such change to the Broker-Dealer not later than the earlier of 9:15 a.m. A.M. on the new Rate Determination Auction Date and 9:15 a.m. A.M. on the old Rate Determination Auction Date. Thereafter, the Broker-Dealer shall use its best efforts to promptly notify its customers who are Existing Holders Noteholders or Existing Certificateholders, as the case may be, of such change in the Rate Determination Auction Date. (c) From time to time upon request of the Auction Agent, the Broker-Dealer shall provide the Auction Agent with a statement of the aggregate amount of each subseries Notes held by the Broker- Dealer as an Existing Noteholder, or the aggregate amount of the Auction Rate Securities Certificates held by the Broker-Dealer as an Existing HolderCertificateholder, in either case for its own account or otherwise. (d) The Auction Agent shall send by telecopy or other means a copy of any Notice of Auction Rate Securities Notes Outstanding or Notice of Certificates Outstanding, in substantially as the form of Exhibit D to the Auction Agent Agreementcase may be, received from the Indenture Trustee or the Eligible Lender Trustee to the Broker-Broker- Dealer in accordance with Section 4.03 4.3 hereof.

Preparation for Each Auction. (a) Not later than 9:30 a.m. on each Rate Determination Date for each subseries of the Auction Rate Securities, the Auction Agent shall advise the Broker-Dealer by telephone of the All Hold Rate, the Maximum Rate and the "AA" Composite Commercial Paper Rate or the Index, as the case may be, used in determining such rates. (b) In the event the Rate Determination Date for any Auction shall be changed after the Auction Agent has given notice of such Rate Determination Date pursuant to paragraph (a)(vii) of the Settlement Procedures, the Auction Agent, by such means as the Auction Agent deems practicable, shall give notice of such change to the Broker-Dealer not later than the earlier of 9:15 a.m. on the new Rate Determination Date and 9:15 a.m. on the old Rate Determination Date. Thereafter, the Broker-Dealer shall use its best efforts to promptly notify its customers who are Existing Holders of such change in the Rate Determination Date. (c) From time to time upon request of the Auction Agent, the Broker-Dealer shall provide the Auction Agent with a statement of the aggregate amount of each subseries of the Auction Rate Securities held by the Broker-Dealer as an Existing Holder. (d) The Auction Agent shall send by telecopy facsimile or other means a copy of any Notice of Auction Rate Securities Outstanding, in substantially the form of Exhibit D to the Auction Agent Agreement, received from the Trustee to the Broker-Dealer in accordance with Section 4.03 hereof.

Preparation for Each Auction. (a) Not later than 9:30 a.m. A.M. on each Rate Determination Auction Date for each subseries a Class of the Auction Rate SecuritiesNotes, the Auction Agent shall advise the Broker-Broker- Dealer by telephone of the All Hold Rate, the Maximum Auction Rate, the Net Loan Rate (based upon information provided by the Administrator), the One-Month LIBOR and the "AA" Composite Commercial Paper Rate or the Index, as the case may be, used in determining such ratesThree-Month LIBOR. (b) In the event the Rate Determination Auction Date for any Auction shall be changed after the Auction Agent has given notice of such Rate Determination Auction Date pursuant to clause (vii) of paragraph (a)(viia) of the Settlement Procedures, the Auction Agent, by telephone (confirmed in writing), telecopy or such other means as the Auction Agent deems practicable, shall give notice of such change to the Broker-Dealer not later than the earlier of 9:15 a.m. A.M. on the new Rate Determination Auction Date and 9:15 a.m. A.M. on the old Rate Determination Auction Date. Thereafter, the Broker-Dealer shall use its best efforts to promptly notify its customers who are Existing Holders Noteholders of such change in the Rate Determination Auction Date. (c) From time to time upon request of the Auction Agent, the Broker-Dealer shall provide the Auction Agent with a statement of the aggregate amount of each subseries of the Auction Rate Securities Notes held by the Broker-Broker- Dealer as an Existing HolderNoteholder for its own account or otherwise. (d) The Auction Agent shall send by telecopy or other means a copy of any Notice of Auction Rate Securities Outstanding, in substantially the form of Exhibit D to the Auction Agent Agreement, Notes Outstanding received from the Indenture Trustee to the Broker-Dealer in accordance with Section 4.03 4.3 hereof.