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request, and the Auction Agent shall keep confidential any such information, including information received as to the identity of Bidders in any Auction, and shall not disclose any such information so provided to any person other than the Trustee, the Authority and Smith Barney, provided that the Auction Agent reserves the right to disclose any such information if it is advised by its counsel that its failure to do so would be unlawful. (d) Not later than 9:30 a.m., New York City time, on each Auction Date, the Auction Agent shall notify Smith Barney of the aggregate principal amount of ARS which are not then Fixed by delivering a Notice of ARS Not Fixed to Smith Barney by telecopy or other similar means. (e) The Auction Agent is not required to accept the Purchaser's Letter of any Potential Holder who wishes to submit a Bid for the first time in an Auction or of any Potential Holder or Existing Holder who wishes to amend its Purchaser's Letter unless it is received by the Auction Agent by 3:00 p.m., New York City time, on the Business Day preceding such Auction. 2.3. Auction Schedule. The Auction Agent shall conduct Auctions in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the Trustee and the Market Agent, which consent shall not be unreasonably withheld or delayed. The Auction Agent shall give notice pursuant to Section 4.3 hereof of any such change to each Broker-Dealer. Such notice shall be given prior to the first Auction Date on which any such change shall be effective. By 9:00 a.m. The Market Agent provides the Auction Agent with the Index. By 9:30 a.m. The Auction Agent advises the Trustee and the Broker-Dealers of the Maximum Rate, the Minimum Rate and the "AA" Composite Commercial Paper Rate or the Index, as the case may be, used in determining such Maximum Rate and Minimum Rate, as set forth in Section 2.2(a) hereof. 9:30 a.m.-1:00 p.m. The Auction Agent assembles information communicated to it by Broker-Dealers as provided in Section 2(b)(i) of the Auction Procedures. The Submission Deadline is 1:00 p.m., New York City time. Not earlier than 1:00 p.m. The Auction Agent makes the determination pursuant to Section 2(c)(i) of the Auction Procedures. By approximately 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 Procedures. Submitted Bids and Submitted Sell Orders are accepted and cn1-69760.2 - 5