CHANGES IN THE AUCTION DATE. The Market Agent: (i) in order to conform with then-current market practice with respect to similar securities, shall; or (ii) in order to accommodate economic and financial factors that may affect or be relevant to the day of the week constituting an Auction Date and the interest rate borne on an Auction Rate Note and with the written consent of an Authorized Representative of the Issuer, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in Section 1.01 of this Appendix B with respect to one or more specified Auction Periods. The Authorized Representative of the Issuer shall not consent to such change in the Auction Date, if such consent is required in subparagraph (b)(ii) above, unless he or she shall have received from the Market Agent not less than three days nor more than 25 days prior to the effective date of such change a written request for consent together with a certificate demonstrating the need for change in reliance on such factors. The Market Agent shall provide notice of any determination to specify an earlier Auction Date for one or more Auction Periods by means of a written notice delivered at least 10 days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer and the Depository. Such notice shall be substantially in the form of, or contain substantially the information contained in, Appendix I to the Indenture.
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CHANGES IN THE AUCTION DATE. The Until the Series 1999-1 Senior Notes have been subject to Conversion, the Market Agent:
(i) in order to conform with then-current market practice with respect to similar securities, shall; or
(ii) in order to accommodate economic and financial factors that may affect or be relevant to the day of the week constituting an Auction Date and the interest rate borne on an Auction Rate Note and with the written consent of an Authorized Representative Officer of the IssuerCorporation, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in Section 1.01 1 of this Appendix B First Supplemental Indenture with respect to one or more specified Auction PeriodsPeriods in order to conform with then current market practice with respect to similar securities or to accommodate economic and financial factors that may affect or be relevant to the day of the week constituting an Auction Date and the Series 1999-1 Senior Note Interest Rate borne by the Series 1999-1 Senior Notes. The Authorized Representative of the Issuer Market Agent shall not deliver a written request for consent to such change in the Auction Date, if such consent is required in subparagraph (b)(ii) above, unless he or she shall have received from Date to the Market Agent Corporation not less than three days nor more than 25 twenty (20) days prior to the effective date of such change a written request for consent together with a certificate demonstrating the need for change in reliance on such factorschange. The Market Agent shall provide notice of any its determination to specify an earlier Auction Date for one or more Auction Periods by means of a written notice delivered at least 10 ten (10) days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer Corporation and the Securities Depository. Such notice shall be substantially in the form of, or contain substantially the information contained in, Appendix I Exhibit G to the this First Supplemental Indenture.
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Sources: First Supplemental Indenture of Trust (Education Loans Inc /De)
CHANGES IN THE AUCTION DATE. The Market Agent:
(i) in order to conform with then-current market practice with respect to similar securities, shall; or
(ii) in order to accommodate economic and financial factors that may affect or be relevant to the day of the week constituting an Auction Date and the interest rate borne on an Auction Rate Note and with the written consent of an Authorized Representative of the IssuerAdministrator, may specify an earlier Auction Date (but in no event more than five Business Days earlier) than the Auction Date that would otherwise be determined in accordance with the definition of "Auction Date" in Section 1.01 of this Appendix B with respect to one or more specified Auction Periods. The Authorized Representative of the Issuer Administrator shall not consent to such change in the Auction Date, if such consent is required in subparagraph (b)(ii) above, unless he or she shall have received from the Market Agent not less than three days nor more than 25 days prior to the effective date of such change a written request for consent together with a certificate demonstrating the need for change in reliance on such factors. The Market Agent shall provide notice of any determination to specify an earlier Auction Date for one or more Auction Periods by means of a written notice delivered at least 10 days prior to the proposed changed Auction Date to the Trustee, the Auction Agent, the Issuer and the Depository. Such notice shall be substantially in the form of, or contain substantially the information contained in, Appendix I to the Indenture.
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Sources: Indenture (National Collegiate Student Loan Trust 2004-1)