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each Auction Period Accrual Date to, but not including, the next succeeding Auction Period Accrual Date; provided, however, that if such date is later than the maturity date of a maturity of ARS, the last day of such Auction Period shall be the maturity date of such ARS. "Auction Period Accrual Date" shall mean September 20, 1994 and every 5th Tuesday thereafter (or such other day that the Market Agent shall establish as an Auction Period Accrual Date); provided, however, that if such day is not a Business Day, the Auction Period Accrual Date shall be the next succeeding Business Day. "Applicable Day Count Fraction" shall mean, with respect to any period the actual number of days in such period divided by the number of days in such period on the basis of twelve 30-day months. THE INTEREST PERIOD, THE APPLICABLE IRS RATE AND METHOD FOR DETERMINING IT, THE APPLICABLE ARS RATE AND METHOD FOR DETERMINING IT, THE INTEREST PAYMENT DATES, AND THE AUCTION PROCEDURE RELATED THERETO WILL BE DETERMINED UPON THE TERMS AND CONDITIONS, INCLUDING REQUIRED NOTICES THEREOF TO THE HOLDERS OF THE BONDS, DESCRIBED IN THE INDENTURE INCLUDING Appendix A THERETO, TO WHICH PROVISIONS SPECIFIC REFERENCE IS HEREBY MADE AND ALL OF WHICH PROVISIONS ARE HEREBY SPECIFICALLY INCORPORATED HEREIN BY REFERENCE. Mandatory Tender of ARS. Fixing and Separating ARS and IRS Any Beneficial Owner of IRS may, at any time and from time to time, notify a Broker-Dealer that such Beneficial Owner intends to submit a Bid for a specified principal amount of ARS having the same maturity date as such IRS on the next succeeding Auction Date in order to cause such ARS to be Fixed with all or a portion of such IRS, and that if such Bid is unsuccessful, in whole or in part, such Beneficial Owner requires that ARS (which are not Fixed) in an aggregate principal amount equal to the unsuccessful portion of such Bid be tendered to such Beneficial Owner for purchase on the seventh Business Day prior to the next succeeding Auction Date following the Auction in which such Bid proved unsuccessful. A Beneficial Owner of IRS may cause such IRS to be combined with ARS, or "Fixed", and traded as a unit as Regular Fixed AIRS or Newly Fixed AIRS. IRS which became Fixed with ARS will be considered Newly Fixed AIRS for the remainder of the Interest Period in which such IRS and ARS were Fixed. The Service Charge payable with respect to the ARS which were Fixed will continue to accrue for the remainder of such Interest Period. A Beneficial Owner of Regular Fixed AIRS or Newly Fixed AIRS may cause such ARS and IRS to be "Separated", and traded separately as IRS and ARS, during the seven- day period immediately preceding a Record Date (other than during a Closed Period) by delivering instructions to a Broker-Dealer. Upon receipt of notice from the Broker-Dealer, the Auction Agent will cause such Regular Fixed AIRS or Newly Fixed AIRS to be A-4-5