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Regular ARS and Regular IRS, which in either case shall have the same maturity date, from, and credit an equal aggregate principal amount of Newly Fixed AIRS, in the case of Regular ARS and Regular IRS Fixed prior to an Interest Payment Date or Regular Fixed AIRS, in the case of Regular ARS and Regular IRS Fixed on an Interest Payment Date, to the account of such Participant at the Securities Depository. Any such Newly Fixed AIRS or Regular Fixed AIRS, as the case may be, shall have the same maturity date as the ARS and IRS relating to such Request to Fix. If the Auction Agent shall have received the completed Request to Fix referred to above on or prior to 12:00 noon, New York City time, on any Business Day, then the Auction Agent shall deliver such instructions to the Securities Depository not later than the close of business on the next Business Day. ARS and IRS which have been Fixed as provided herein may not be transferred separately. (b) Separating 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 during a seven-day period immediately prior to a Record Date, other than during a Closed Period, the Auction Agent shall receive a Request to Separate from a Broker-Dealer on behalf of a Beneficial Owner in accordance with Section 2.7 of the Broker-Dealer Agreement, which requests that a principal amount of ARS and IRS in the account of the Participant of such Beneficial Owner at the Securities Depository designated in such request that are Fixed to be Separated, thereby allowing them to be traded separately, then the Auction Agent shall promptly deliver appropriate instructions to the Securities Depository to debit such principal amount of Regular Fixed AIRS or Newly Fixed AIRS, as the case may be, from, and credit an equal aggregate principal amount of Regular ARS and Regular IRS to the account of such Participant at the Securities Depository on the following Interest Payment Date. Notwithstanding the foregoing, if an Interest Payment Date falls within a Closed Period, such separation shall be effective on the next succeeding Auction Period Accrual Date. Any such Regular ARS and Regular IRS shall have the same maturity date as the Regular Fixed AIRS or Newly Fixed AIRS, as the case may be. If the Auction Agent shall have received the completed Request to Separate referred to above on or prior to 12:00 noon, New York City time, on any Business Day that is within the seven-day period immediately prior to a Record Date, then the Auction Agent shall deliver such instructions to the Securities Depository on the next succeeding Business Day. ARS and IRS which have been Separated as provided herein may be transferred separately. (c) Conversion of Newly Fixed AIRS. At least two Business Days prior to each Interest Payment Date, the Auction Agent shall send a Notice of Conversion to the Securities Depository. The Auction Agent shall make available to the Securities Depository such other information as the Securities Depository may require in order to cause all Newly Fixed AIRS to become Regular Fixed AIRS on the next succeeding Interest Payment Date. LA1-63221.5 A-19