ML17257A175

From kanterella
Jump to navigation Jump to search

Financial Protection Standby Trust
ML17257A175
Person / Time
Site: Aerotest
Issue date: 08/15/2017
From: Slaughter D
Aerotest
To:
Division of Policy and Rulemaking
References
Download: ML17257A175 (3)


Text

,.

. '.,. ~. :

  • ~. '

Ar:R()TEST -OPERATIONS, INC.

34SSFOSTORIAWAY *_SAN RAMON. CA 94583 * (925>'86~121~

  • FAX(925)8~1?1f>° August )5, 2_017 --

Via Electronic Mail birecfor Divisi(ln of Policy and Regulation Office of Nu-clear Reactor Regufation u~s. Nuclear Regi.ilatory Coilul}ission Wa5hingtdn, DC 2pss5 * - * -- * - -- -*

R,e: Ae~otest, Operations, Ille~

- _ Aerotest,Radiography ancl R,esearc~ _Reactor (Docket N(). 50...228) *_ -

Re:* FinancfaJ ;Prot_ecti~n §ta11(1byTrust This letter is to confinti that a financial protection standby trust fot the Aerotest _

  • Radiograpl1y and Rese~r~h Reai:ior (ARgR) h.as. 9~~n established as required ~y tlie Order Approving Indir.ect Tran~fer of Fa~iJitY Qperatii)n ~icen~ arid. Corifo.:rming Amendment irt. th~ -

a~ove do~ket, datedFebruary28, __ 201.7(Qrder)~ fr is my understanding that the NR~ Staffis-seeking ~onfimiation ff6Jl1 Aerotest.Operati9ris,Jric. (Aero~~st) that this provisiori of the Qrder had beeri eomplied with;. '

The Order approved :the indirect transfer of the ARRR operating license SQbjed to

_.conditi~iis set forth.in the,Ord~r; C9~ditioil)IL4.D requfrect tllatthe Funding Agree111ent befiye~n }\\utpliv, Inc. and Nudear 1.abyririfh, J:.LC provide tha~ prior to the CJQsing of the transaction by which N~clear tabynnth acquireclAero.test, Autoliv, Irie. or its su9sidiaries would trllllsfer $1.5 miiliOQ to the financial prote4tion s,timdby triJst for tlie *ARRR.

Tllis is to confirm that the financial protection standby tn,lst for th~ ARRRc()ntemplaied by the Order came into effect \\\\fith signature of the 'Grantor:A.erotest Operations, Inc. on July 12, 20 l7' following the signatures bY the TnisteeBOKf. N *A~ Oij July 6, io 17 and by the Investlrt~nt Manager Wells Fargo and Co. on _Jlily 11,2017.. ]>ricir to -the dosing o.fthe ti"ansactiOn as of5 p.m. (l\\fountilintime) on July 17,-2017, I was notifi~d that WeUsFargo had received by wire transfer the $ L5 01illitm In fun<is for the firiancfal piotectiOn standby tfµSt; as -

well as the other funds required fo be transf eqed by the Orde:r... - - -

With the inclir¢ct license transfer and the establishment of the firiancial proteetionstandpy tru

__ st.re-_q-_uir_ e_d_ by the 011-de-r, th_-__ e __ s

__ tan_ dby_--- T

__ r_us*

__ t_-_ A

__. greemeri*t-_ent_e_r.ed __ i_nt-ob_ y-A_ e

__ ro

___ tes_ t dp_era_~_i_o_n_s~

_ t..11 ti D f Inc. and Wells Fargo Banlc, National Association as ofSeptember20, 2016 is no lorigerneeded. _ Fr V.

Tltat trust and a guarantee frorrt.A.erotest's then-parent company were establish~d in order.to

. D 1ot -

/1'/.

~

./

provide the financial protection for the ARRR required by 10 C.f.R Part 140. Withthe establishment and funding ofthe financial prntection standby trust required by ~he Order, the par~nt guarantee nolonger applies and the Septeµi.b.er 20,2016 trust i$ no fonger needed.

  • However, because Section 16 of the September i6, 2016 trust ~greemerit only petmits the terrilimition of thadrust "at the written agreement ofthe.Grantor [A~rotest], the Trustee [Wells Fargo Bank, NaHonal Associati:on], anc:f the NRC. Aerote~t would appreciate the written agreement from the NRC that the September. 20~ 2Q 16 trµgt ~

be terminated. *

  • Thank you for your.consideration~ Jf you need any adciitional information, please contact me by phone at 891-631 "'.59 I?.ot by email at dritsra\\ren@gntaitcom.

cc~ Jeremy Wachu~ka, Esq.

Ed l-Ielvenstori Jay g. s*m,~rg, E8q. * *

\\ !;incetely,..

~~**

pavid M. Staugbter; PchJ)..

President;. * * * * *. * * * *

  • Aertj~est qpe~tions;I11c. **

I hereby. cert.ify ~rider oath. t}lat the statements ~erei~ c()ntaine<Jare true and* col:'re~t. to the best of myknowledgeand belief.

David Ivt Slai.ighter, Ph.D.

Presiderjt, **

Aerotest Op~rations, inc~

~ '

J

0 l8

  • l.; '; -

m C'"l C'"l C'"l C'"i '° tj" ci Cl ro L.l..J "O

Q)

LL D

(.!)

ci Cl

~

E 0 u 5'.5

"'C

' i CIO e

s 0

C'll CD 0

FedEx Express FedEx Tracking Number.8107 '7682 7120 From Date Sender's "/-...

Name U("

Company Address Phone 925 OPERATICJNS Dept/Floor/Suite/Room City State ZIP S'-!!*5fJ:.i.. *.. Jl::-:J17 2 Your Internal Billing Reference 3 To.

Recipients 'h. **v-1,

l

(

I fl

/'-.. ** L Name U.../C-..._...{'(lx* {\\-t*

_ 0 '{\\('((.)\\.. l.f 5 Phone We cannot deliver to P.O. boxes or P.O. ZIP codes.

Dept/Floor/Suite/Room Address Use this line for the HOLD location address or for continuation of your shipping address.

cnv 0,cc._lv ~~le State M(:J ZIP L

111111111111111111 8107 7682 7120 Hold Saturday FedExlocationaddress D

REUUJRED.AvailableONLYfor FedExPriorityOvemightand FedEx2Daytoselectlocations.

I ________ J~,-------

r:.9.

I' F

_i~""-No. _D_2_1_5 _______

'_i,' *_* _,"_,;_.,---ii ;.*..

4 Express Package Service

  • romo.iro""'"'*

Packagesupto150/bs.

\\ *.'.,

Fo1packagosovor150/bs.,usolho l

I.-

Next Business Day FedEx Express Freight US Airlii/l l '.. ~,. -.

2 or 3 Business Days D r:;1~?t,~Jr~s~~~~~ir~i~! delivery to seiect locations.Fridaysh!pmentswillbedeliveredon MondayunlessSaturdayDeliveryissetected.

D ~~j~i~~i~~~o/ni~~~~~!~~h~pmentswillbe deliveredonMondayunlessSaturdayDelivery is selected.

'to( FedEx Standard Overnight

~

.. Nextbusinessaftemoon,*

"SaturdayDe!iveryNOTavaiJable.

5 Packaging

  • oaclaredvaluelimitS500.

~edEx Envelope; D FedEx Pak*

D ~;c~~b~s9n~Ys afternoon.*Thursdayship~ents willbedeliveredonMondayunlessSaturdey Deliveryissele_cted.

D FedEx Express Saver Third business day.*

SaturdayDl!liveryNOTavailab!e.

D FedEx Box D FedEx Tube D Other 6. Special Handling and Delivery Signature Options " mey epply. '"the'""",,,.,;" G,;,,,

D ~8{~Ja~l~~e~o~IJ~J~standard Overni~ht, FedEx 2Day A.M., or FedEx Express Saver.

Direct Signature Osomeoneatrecipient'soddress may sign for delivery.

Does this shipment contain dangerous goods?

One box must be checked. ----~

Indirect SiQnature D

lfnooneisavaifableatrecipient's address,someoneataneighboring addressmaysignfordelivery.For residentia!deliverieson!y.

D Drylce Dry1ce,9,UN1845 ___, ___

' k!J Restrictionsapplyfordangerousgoods-seethecurrentFedExServiceGuide.

D Cargo Aircraft Only 7 Payment Bill to:

Sender r-EnterfedExAcctNo.orCreditCardNo.below. ------i CK f",Ji6:.'6~1e~'.'"'" D Recipient D Third Party D Credit Card

~*

Total Packages

\\

Total Weight

___ l __ lbs.

rourliabilityis limited to USS\\00 unless you declare a higher value. Seethe current FedEx Service Guide for details.

Rev. Date 5/15

  • Pan/163134 * ©1994-2015 FedEx* PRINTED \\N LI.SA SRM D Cash/Check 1.. ~

lltfi!fl...

j**

~I~~*,

~,...,: :.. c.

~.)

~f*;*

~ 1 *:*,

1:::-.

~ t*y_;.. _

en WI w !ill*!;...

.i. _.(

I.. I*