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3:00 p.m. The Auction Agent advises the Trustee and the Broker-Dealers of the Auction Rate for the next Auction Period and the results of the Auction as provided in Section 2(c)(ii) of the Auction and Settlement Procedures. Submitted Bids and Submitted Sell Orders are accepted and rejected in whole or in part and principal amount of ARS is allocated as provided in Section 2(d) of the Auction and Settlement Procedures. The Auction Agent shall follow the notification procedures set forth in Section 3(a) of the Auction and Settlement Procedures. 2.5. Applicable IRS Rate. The Auction Agent shall make information with respect to the Applicable IRS Rate for each Auction Period available by telephone during its normal business hours to any person requesting such information. 2.6. Changes in Applicable Percentage and Other Rates. (a) The Auction Agent shall mail any notice delivered to it pursuant to Section 6(b) of Appendix A of the Indenture to the Existing Holders within two Business Days of its receipt thereof. (b) The Auction Agent shall deliver any notice delivered to it pursuant to Section 6(c)(i) of Appendix A of the Indenture to the Broker-Dealers not later than 3:00 p.m., New York City time, on the Business Day on which it receives such certificate. (c) If, after delivery to the Auction Agent of the notice referred to in subsection (a) of this Section, the Auction Agent fails to receive the certificate referred to in Section 6(c)(i1 of Appendix A of the Indenture by 11:00 a.m., New York City time, on the Business Day immediately preceding the next succeeding Auction Date, the Auction Agent shall deliver a Notice of Failure to Receive Certificate to the Broker-Dealers not later than 3:00 p.m., New York City time, on such Business Day. (d) If, after delivery to the Auction Agent of the notice referred to in subsection (a) of this Section, the Auction Agent fails to receive the Opinion of nationally recognized bond counsel referred to in ,Section 6(c)(ii) of Appendix A of the Indenture by 9:30 a.m. on the next succeeding Auction Date, the Auction Agent shall deliver a Notice of Failure to Receive Opinion to the Broker-Dealers promptly by telecopy or other similar means. 2.7. Notice of Fee Rate Change. If the Auction Agent and the Trustee agree to a change in the rate at which the Auction Agent Fee accrues pursuant to the terms of Section 6.4(a) hereof or if the Trustee determines to change the rate at which the Broker-Dealer Fee accrues pursuant to the terms of 6.5(a) hereof, the Auction Agent shall mail a Notice of Fee Rate Change to the Existing Holders and the Trustee shall mail a Notice of Fee Rate Change to the Beneficial Owners, in each case within two Business Days of such change. 2.8. Notices to Existing Holders. The Auction Agent shall be entitled to rely upon the address of each Existing Holder as such address appears in the Purchaser's Letter L41-69756.2 9