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77 "Computation Date" means the date selected by the Remarketing Agent on which a Fixed Rate for the Bonds is determined by the Remarketing Agent in accordance with Section 2.03 hereof, which shall be a date that is at least seven but not more than 15 Business Days before the first day of the Fixed Rate Period for which such Fixed Rate is determined. "Conversion Date" means each Fixed Rate Date and each date after the Initial Adjustment Date, on which the interest rate on the Bonds converts from a Fixed Rate to a Variable Rate. Credit Facility" means the letter of credit issued by The Toronto - Dominion Bank, acting through its Chicago Branch, on the date of the initial authentication and delivery of the Bonds, as amended, modified or supplemented from time to time, and any Qualified Credit Facility or Alternate Credit Facility. "Credit Facility Agreement" means the Reimbursement Agreement dated as of , 1987, between the Borrower and The Toronto -Dominion Bank, acting through its Chicago Branch, and any other agreement between the Borrower and a Credit Facility Provider pursuant to which a Credit Facility is issued, as such agreements may be amended, modified or supplemented from time to time. "Credit Facility Bond" means any Bond during the period from and including the day on which it is purchased with amounts realized under the Credit Facility to but excluding the day on which it is purchased by any person other than the Credit Facility Provider and transferred to such person under the conditions set forth in Section 3.04 hereof pertaining to the remarketing of Credit Facility Bonds. "Credit Facility Provider" means the issuer of the Credit Facility then in effect, if any. "Event of Default" means any Event of Default specified in Section 7.01 hereof. "Fixed Rate" means the fixed rate or rates of interest borne by the Bonds during each Fixed Rate Period, determined in accordance with Section 2.03 hereof and Section 4(b) of the Bonds. "Fixed Rate Date" means the first day of each Fixed Rate Period. "Fixed Rate Period" means a period commencing after the Initial Interest Period, and established in accordance with Section 2.03 hereof during which the rate of interest borne by the Bonds (other than Credit Facility Bonds) is not subject to change. "Government Obligations" means direct obligation of, or obligations the timely payment of the principal of and the interest on which are unconditionally guaranteed by, the United States of America, including (without limitation) any certificate evidencing an interest in any such obligation. - 6 -