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On the effective date of Feb. 24, 2011, the replica Baume & Mercier 2006B, 2006C and 2006D bonds will be subject to mandatory tender and remarketed with the 2006B bonds bearing interest in the weekly rate mode, the 2006C bonds bearing interest in the daily rate mode and the 2006D bonds continuing to bear interest in the weekly rate mode. On this date, the short-term 'F1+' ratings assigned to the series 2006B and 2006D bonds will be confirmed replica Bell&Ross on the substitute SBPAs provided by Royal Bank of Canada. The short-term 'F1+' on Rating Watch Negative rating assigned to the series 2006C bonds will also be confirmed, based on the continued support of the Bank of America, N.A. SBPA.

The substitute SBPAs provide for the payment of the principal component of purchase price plus an amount equal to 34 days of interest at the maximum replica Blancpain of 12%, based on a year of 365 days for tendered bonds during the weekly interest rate mode in the event that the proceeds of a remarketing of the bonds are insufficient to pay the purchase price following an optional or mandatory tender.

The Bank of America, N.A. SBPA continues to provide the same coverage for tendered bonds during both the daily and weekly interest rate modes. The substitute Royal Bank of Canada SBPAs will expire on the earlier of: Feb. 23, 2012, the stated expiration date, replica Breguet such date is extended, conversion to any mode other than the weekly rate mode or upon the occurrence of certain other events of default which result in a mandatory tender or other termination events related to the credit of OTA which result in an automatic and immediate termination of the SBPAs. The Bank of America, N.A.