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such day is not a Business Day, interest due on such day shall be paid on the next succeeding Business Day without accrual of any additional interest. "Interest Period" shall mean the period commencing on and including an Interest Payment Date and ending on and excluding the next succeeding Interest Payment Date; provided, however, that the first Interest Period shall commence on the Closing Date. "IRS" shall mean an Inverse Rate Security. "Market Agent" shall mean the Initial Market Agent unless and until a Substitute Market Agent Agreement is entered into, after which Market Agent shall mean the Substitute Market Agent. "Market Agent Agreement" shall mean the Market Agent Agreement, dated as of March 1, 1994, between the Trustee and the Initial Market Agent, until and unless a Substitute Market Agent Agreement is effective, after which Market Agent Agreement shall mean such Substitute Market Agent Agreement, in each case as from time to time amended or supplemented. "Maximum Rate" shall mean, on any date of determination, the interest rate per annum equal to the Applicable Percentage of the higher of (i) the After-Tax Equivalent Rate on such date and (ii) the Index on such date; provided, however, that such rate shall not exceed the excess of (i) 11.171% per annum in the case of the ARS maturing on July 1, 2014, over (ii) (x) the Service Charge Rate on such date or (y) if the ownership of the ARS is no longer maintained in book-entry form by the Securities Depository, zero; provided further, however, that in no event shall the Maximum Rate be more than the maximum rate permitted by the laws of the State, as the same may be modified by United States law of general application. "Minimum Rate" shall mean, on any date of determination, the rate per annum equal to 85% (as such percentage may be adjusted pursuant to Section 6 of this Appendix) of the lesser of: (i) the After-Tax Equivalent Rate on such date and (ii) the Index on such date; provided, that in no event shall the Minimum Rate be more than the Maximum Rate. "Moody's" shall mean Moody's Investors Service, Inc., a Delaware corporation, its successors and assigns. "Newly Fixed AIRS" shall mean, on any date of determination, ARS and IRS which are Fixed and which were Fixed, pursuant to a Request to Fix delivered to the Auction Agent, on any day from, but not including, the first day of the Interest Period during which such date of determination occurs. "Non-Payment Rate" shall mean, on any date of determination, the interest rate per annum equal to the lesser of (i) 265% of the Index on such date (as such LA1-63221.5 A-7