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Percentages used in determining the Maximum Rate shall remain in effect and the rate of interest for the next succeeding Auction Period shall equal the sum of the Maximum Rate on the Auction Date and the Service Charge Rate. Section 7. Selection of ARS and IRS for Redemption. So long as the ownership of the ARS and the IRS is maintained in book-entry form by the Securities Depository, the ARS and IRS to be redeemed in part on any redemption date shall be selected in the following manner: (1) an amount equal to the Fixed Percentage of the aggregate principal amount of the ARS and of the IRS of each maturity to be redeemed on such redemption date shall be selected from the Regular Fixed AIRS and Newly Fixed AIRS (on a pro rata basis in accordance with the relative principal amounts thereof), (2) the remaining amount of IRS to be redeemed shall be selected from Regular IRS and (3) the remaining amount of the ARS to be redeemed shall be selected from Regular ARS; provided, however, that if any principal amount selected in such manner is not equal to an Authorized Denomination, the Trustee shall, in such manner as, in its sole discretion, it shall determine, round up or down the principal amounts so determined. The Trustee shall give the Securities Depository and the Auction Agent at least two Business Days' notice of the record date selected by it for the purpose of a redemption (each a "Redemption Record Date"), which shall comply with the requirements of Section 2.03 of the Indenture, and obtain from the Securities Depository a position listing showing at the close of business as of such Redemption Record Date the aggregate principal amount of Regular ARS, Regular IRS, Regular Fixed AIRS and Newly Fixed AIRS, respectively. On the basis of such position listing, the Trustee shall calculate the Fixed Percentage as of the Redemption Record Date and determine therefrom the principal amounts to be redeemed and the redemption prices per $1.,000 (plus interest accrued and unpaid to the redemption date) of Regular ARS, Regular IRS, Regular Fixed AIRS and Newly Fixed AIRS, respectively. If the ownership of the ARS and the IRS is no longer maintained in book-entry form by the Securities Depository, the ARS and the IRS to be redeemed will be selected by the Trustee by lot; provided, however, that the principal amount of the portion of any ARS or IRS to be redeemed shall be in an Authorized Denomination. Section 8. Fixing and Separating ARS and IRS. (a) Fixing ARS and IRS. So long as ownership of the ARS and IRS is maintained in book-entry form by the Securities Depository, if, on any Business Day, other than during a Closed Period, the Auction Agent shall receive a Request to Fix from a Broker-Dealer on behalf of a Beneficial Owner in accordance with Section 2.7(a) of the Broker-Dealer Agreement, which requests that specified equal principal amounts of Regular ARS and Regular IRS, which in each case shall have the same maturity date, be Fixed in the account of the Participant of such Beneficial Owner at the Securities Depository designated in such request, then the Auction Agent shall promptly deliver appropriate instructions to the Securities Depository to debit such aggregate principal amount of LA1-63221.5 A-18