ML17300B035
| ML17300B035 | |
| Person / Time | |
|---|---|
| Site: | Palo Verde  |
| Issue date: | 08/31/1987 |
| From: | Page J MUDGE, ROSE, GUTHRIE, ALEXANDER & FERDEN |
| To: | Miraglia F Office of Nuclear Reactor Regulation |
| References | |
| TAC-61752, TAC-63145, NUDOCS 8709100193 | |
| Download: ML17300B035 (72) | |
Text
'REGUL Y INFORMATION DISTRIBUTI SYSTEM (RIDS)
ACCESSION NBR: 8709100193 DOC. DATE: 87/08/31 NOTARIZED NO DOCKET 4 FACIL: STN-50-529 Palo Verde Nuclear Stations Unit 2i Arizona Publi 05000529 AUTH. NAME AUTHOR AFFILIATION PAGEOS J. F. Mudge~ Rosei Guthriei Alexander h Ferden RECIP. NAME RECIPIENT AFFILIATION MIRAGLIAiF. J. Of f ice of Nuclear Reactor Regulationi Director (Post 870411
SUBJECT:
Transmits Amend 2 to Facilitg Lease re sale 5 leaseback transaction e/util as lessee Zc Emerson Capital Corp as oujner participant ref in 870728 ltr to Commission. Amend schedules basic rent 8c casualty 5 special casualty values.
DISTRIBUTIDN CDDE: BOOED TITLE: Licensing Submittal:
CDPIES RECEIVED: LTR J. ENCL J Application/General Info Amdt SIZE: 3+
NOTES: Standardized plant. 05000529 I I REC P ENT COPIES REC IP IENT COPIES ID CODE/NAME LTTR ENCL ID CODE/NAME LTTR ENCL PD5 LA 1 1 PD5 PD 2 2 LICITRAu E 1 1 DAVIS' 1 1 INTERNAL: ACRS 3 3 AEOD/DOA 1 1 AEOD/DSP/TPAB 1 1 ARM/DAF/LFMB 1 0 N 6/GAB 1 1 OGC/HDS1 1 BEG ILE 01 1 1 SP 1 1 EXTERNAL: LPDR 03 1 1 NRC PDR 02 NSIC Oh 1 1 NOTES:
TOTAL NUMBER OF COPIES REQUIRED: LTTR 19 ENCL 18
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MUDGE ROSE GUTHRIE ALEXANDER K FERDON 2I2I K STRCETg N.W. I80 MAIDEN LANE SVITC QOO, NORTHSRIDGE CENTRE WASHINGTON, D.C. 20037 SIS NORTH FLAGLCR DRIVE 202 428 8355 NEW YORK'. Y. IOO38 WCST PALM 8CACH, FL. 3340I 305 650 SIOO SVITC 2020 333 SOVTH GRAND AVCNVC 2 I 2- 5 I 0-7 Oo 0 I2i RVC DC LA PAIX LOS ANGELES CALIF. QOOTI F5002, PARISH FRANCE 2 I3 8 I3 I I I 2 CASLC ADDRCSSI 8*LTVCHINS NFW YORK (I) 42. BI. ST. TI TCLCXI WV l27888 TCLCCOPICRI 2I2 248 2655 August 31, 1987 VIA FEDERAL EXPRESS Director of Nuclear Reactor Regulation Attention: Mr. Frank J. Miraglia, Director Division of Pressurized Water Reactor Licensing B U.S. Nuclear Regulatory Commission Washington, D.C. 20555 Re: Sale and Leaseback Financing Transactions by Arizona Public Service Company Palo Verde Nuclear Generating Station Unit 2 NRC Docket Nos. STN 50-529 Gentlemen:
The purpose of this letter is to transmit to the Commission a copy of the Amendment No.2 to Facility Lease relating to the sale and leaseback transaction in which Arizona Public Service Company is the lessee and Emerson Capital Corporation (assignee of Emerson Finance Co.) is the owner participant referred to in my letter dated July 28, 1987 to the Commission. The purpose of Amendment No.2 is to amend the schedules of Basic Rent, Casualty Values, Special Casualty Values, Extraordinary Casualty Values and Modified Special Casualty Values to reflect the financing of certain Transaction Expenses by the Lessor
'hereunder.
8709l001'3I3 87063i PDR ADOCK 05000M9 PDR
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Page Two August 31, 1987 Xf you have any questions, please do not hesitate to call.
u y, Je me F. Page JFP:mtm Copies to: Edwin J. Reis, Esq.
Deputy Assistant General Counsel Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesda, Maryland 21930 Oreste Russ Pirfo, Esq.
Office of General Counsel Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesda, Maryland 21930 Arthur C. Gehr, Esq.
Snell 6 Wilmer 3100 Valley Bank Center Phoenix, Arizona 85073
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When Recorded, Return to: David A. Sprentall SNELL & WILMER 3100 Valley Bank Center Phoenix, Arizona 85073 CERTAZN RIGHTS OF THE LESSOR UNDER THE FACILITY LEASE AS AMENDED BY THIS AMQiDMENT NO. 2 KG5U~ HAVE BEEN ASSIGNED TOi AND ARE SUBJECT TO A SECURITY INTA%ST TRUST INDENTURE i . MORTGAGE i SECURI TY AGREEMENT AND ASSIGNMENT OF FACILZTY LEASE DATED AS OF AUGUST 1i
(<)
FOR INFORMATION CONCERNING THE RIGHTS OF HOAXES OF VAR-IOUS COUNTERPARTS HEIGH THIS CODD&PART IS NOT THE ORIGINAL COUNTERPART AMENDMENT NO 2 dated as of June 1, 1987 to FACILITY LEASE dated as of August 1, 1986 between THE FIRST NATIONAL BANK OF BOSTON not in its individual capacity, but solely as Owner Trustee under a Trust Agreement dated as of August 1, 1986 with Emerson Capital Corporation (assignee of Emerson Finance Co.)
Lessor and ARIZONA PUBLIC SERVICE COMPANY, Lessee Original Facility Lease Recorded on August 18, 1986, as Instrument No. 86-439438 and Amendment No. 1 to Facility Lease Recorded on November 21, 1986, as Instrument No. 86-645156 in Maricopa County Recorder's Office, State of Arizona.
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3 AMENDMENT NO. 2, dated as of June 1, 1987 (Amendment No. 2), to the Facility Lease dated. as of August 1, 1986 between THE FIRST NATIONAL BANK OF BOSTON, a national banking association, not in its indi-vidual capacity, but solely as Owner Trustee under a Trust Agreement, dated as of August 1, 1986, with Emerson Capital Corporation, a Delaware corporation, as assignee of Emerson Finance Co; (the Lessor), and ARIZONA PUBLIC SERVICE COMPANY, an Arizona corporation (the Lessee) .
W ITNE S SETH WHEREAS, the Lessee and the Lessor have here-tofore entered into a Facility Lease dated as of August 1, 1986 (the Facility Lease), providing for the lease by the Lessor to the Lessee of'he Undivided Interest and the Real Property Interest; WHEREAS, the Lessee and the Lessor have here-tofore entered into an Amendment No. 1 to Facility Lease dated as o f November 1, 1986, providing for certain amendments to the Facility Lease and adjustments to Basic Rent and to the schedules of Casualty Values, Extraordinary Casualty Values, Special Casualty Values and Modified Special Casualty Values; RKREAS, Section 3(e) of the Facility Lease .
provides for an adjustment to Basic Rent and to the schedules of Casualty Values, Extraordinary Casualty Values, Special Casualty Values and Modified .Special Casualty Values in order to preserve Net Economic Return in the event, among other things, of any change in the Current Pricing Assumptions; and WHEREAS i in connection with the payment of Transaction Expenses, there has been a change in the Current Pricing Assumptions; NOW, THEREFORE, in consideration of the premises and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowl-edged, the parties hereto agree as follows:
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0 1.
SECTION Definitions.
For purposes hereof, capitalized terms used herein and not otherwise defined herein or in the recitals shall have the meanings assigned to such terms in Appendix A to the Facility Lease.
SECTION 2. Amendments.
(a) Schedule 1 to the Facility Lease is hereby replaced with Schedule 1 hereto.
(b) Schedule 2 to the Facility Lease is hereby replaced with Schedule 2 hereto.
(c) Schedule 3 to the Facility Lease is hereby replaced with Schedule 3 hereto.
(d) Schedule 4 to the Facility Lease is hereby replaced with Schedule 4 hereto.'e)
Schedule 5 to the Facility Lease is hereby replaced with Schedule 5 hereto.
SECT%ON 3. Miscellaneous.
(a) Dating. Although this Amendment No. 2 is dated as of the date first above written for conve-nience, the actual dates of execution hereof by the par-ties hereto are respectively the dates set forth under the signatures hereto, and this Amendment No. 2 shall be effective on the latest of such dates.
(b) Governing Law. This Amendment No. 2 has been negotiated and delivered in the State of New York and shall be governed by, and be construed in accordance with, the laws of the State of New York, except to the extent that pursuant to the law of the State of Arizona such law is mandatorily applicable hereto.
(c) Disclosure. Pursuant to Arizona Revised Statutes Section 33 401i the beneficiary of the Trust Agreement is Emerson Capital Corporation, a Delaware corporation. The address of the beneficiary is 8000 6728.EMERSON.ADJ.01:11
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West Florissant Avenue, St. Louis, Missouri 63136, Attention: President. A copy of the Trust Agreement is available for inspection at the offices of the Owner Trustee at 100 Federal Street, Boston, Massachusetts 02110, Attention of Corporate Trust Division.
(d) Original Counterpart. The single executed original of this Amendment No. 2 marked "THIS COUNTERPART IS THE ORIGINAL COUNTERPART" and containing the receipt of the Indenture Trustee thereon shall be the "Original" of this Amendment No. 2. No security interest in this Amendment No. 2 may be created or con-tinued through the transfer or possession of any coun-.
terpart other than the "Original".
(e) Counterpart Execution. This Amendment No. 2 may be executed in any number of counterparts and by each of the parties hereto or thereto on separate counterparts, all such counterparts together constitut-ing one and the same instrument.
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IN WITNESS WE&KKF, each of the parties hereto has caused this Amendment No. 2 to Facility Lease to be duly executed by an officer thereunto duly authorized.
THE FIRST NATIONAL BANK OF BOSTON, not in its individual capacity, but solely as Owner Trustee under a Trust Agreement dated as of August 1, 1986, with Emerson Capital Corporation (assignee of Emerson Finance Co.)
By Mart, in Assistant Vice Pres Date: July 29, 1987 ARIZONA PUBLIC SERVICE COMPANY By William J. Hemelt Treasurer and Assistant Secretary Date: July 29, 1987 6728.EMERSON.ADJ.01:11
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Commonwealth of Massachusetts )
) ss.
County of Suffolk )
The foregoing instrument was acknowledged before me this 29th day of July, 1987, by MARTIN P. HENRY, Assistant Vice President of THE FIRST NATIONAL BANK OF BOSTON, a national banking association, on behalf of the banking association as Owner, Trustee under the Trust Agreement dated as of August 1, 1986 with Emerson Capital Corporation (assignee of Emerson Finance Co.) .
tary Public JUDfTH E. HOSANG Notary Public Ny Comm!salon &@dms Decembsr 10, 188S State of Arizona )
) ss County of Maricopa )
The foregoing instrument was acknowledged before me this 29th day of July, 1987, by WILLIAM J. HEMELT, Treasurer and Assistant Secretary of ARIZONA PUBLIC SERVICE COMPANY, an Arizona corporation, on behalf of the corporation.
Notary Public 6728.EMERSON.ADJ.01:11
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IN WITNESS WEG&EOP, each of the parties hereto has caused this Amendment No. 2 to Facility Lease to be duly executed by an officer thereunto duly authorized.
THE FIRST NATIONAL BANK OP BOSTON, not in its individual capacity, but solely as Owner Trustee under a Trust Agreement dated as of August 1, 1986, with Emerson Capital Corporation (assignee of Emerson Finance Co.)
'By Martin P. Henry Assistant Vice President Date: July 29, 1987 ARIZONA PUBLIC SERVICE COMPANY By
'lliam J. Hemelt Treasurer and Assistant Secretary Date: July 29, 1987
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0 Commonwealth of Massachusetts )
) ss:
County of Suffolk )
The foregoing instrument was acknowledged before me this 29th day of July, 1987, by MARTIN P. HENRY, Assistant Vice President of THE FIRST NATIONAL BANK OF BOSTON, a national banking association, on behalf of the banking association as Owner Trustee under the Trust Agreement dated as of August 1, 1986 with Emerson Capital Corporation (assignee of Emerson Finance Co.).
Notary Public State of Arizona )
) ss:
County of Maricopa )
The foregoing instrument was acknowledged before me this 29th day of July, 1987, by WILLIAM J. HEMELT, Treasurer and Assistant Secretary of ARIZONA PUBLIC SERVICE COMPANY, an Arizona corporation, on behalf of the corporation.
OFF tCIAL SEAI.
TANYA L. BACA No ary Public Natty Public ~ Stato ol Attmna MARICOPA COUNTY My Comm. fxples Apr. ty, 1999 6728.EMERSON.ADJ.01:11
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SCHEDULE 1 to AMENDMENT NO. 2 BASIC RENT PERCENTAGES basic basic kent basic basic kent basic Rent Payaeat Date Rent lluahet 0 ot tacility Cost basic Rent Payaent Date Rent lumber i of tacility Cost Aa&%%%%%%%%
12 /30 /1986 0 3.68269234 12 /30 /2002 30 5.4667097%
6 /30 /1987 1 4.4727625% 6 /30 /1002 31 5.4667097%
12 /30 /1987 2 4.4727625% 12 /30 /2002 32 5.46670970 6 /30 /1988 3 4.47276254 6 /30 /2003 33 5.4667097%
12 /30 /1988 4 4.4727625% 12 /30 /2003 34 5.4667097\
6 /30 /1989 5 4.4727625% 6 /30 /2004 35 5.4667097%
12 /30 /1989 6 4.4727625% 12 /30 /2004 36 5.4667097\
6 /30 /1990 7 4.472762M 6 /30 /2005 37 5.4667097'4 12 /30 /1990 4.4727625% 12 /30 /2005 38 5.4667097%
6 /30 /1991 4.4727625% 6 /30 /2006 39 5.4667097%
12 /30 /1991 10 4.4'l2'l625\ 12 /30 /2006 40 5.4667097\
6 /30 /1992 11 4.4727625% 6 /30 /2007 41 5.4667097'.4667097'4 12 /30 /1992 12 4.4727625t 12 /30 /2007 42 6 /30 /1993 4.4727625% 6 /30 /2008 43 5.4667097%
12 /30 /1993 4.4727625% 12 /30 /1008 44 5.4667097'.4667097\
6 /30 /1994 15 4.4727625% 6 /30 /2009 45 12 /30 /1994 16 4.4727625% 12 /30 /2009 46 5.4667097\
6 /30 /1995 17 4.4727625% 6 /30 /lQ10 5.4667097%
12 /30 /1995 .18 4.47276254 12 /30 /2010 48 5.4667097\
6 /30 /1996 19 4.4727625% 6 /30 /1011 49 5.4667097%
12 /30 /1996 20 4.4727625% 12 /30 /2Q11 50 5.4667097%
6 /30 /1997 21 4.4727625% 6 /30 /2012 51 5.4667097%
12 /30 /1997 22 5.4667097% 12 /30 /1012 52 5.4667097%
6 /30 /1998 23 5 4667097% 6 /30 /2Q13 53 5.46670970 12 /30 /1998 24 5 '667097\ 12 /30 /2013 54 5.4667097\
6 /30 /1999 25 5.4667097% 6 /30 /2014 55 5.4667097%
11 /30 /1999 26 5.46670970 12 /30 /2Q14 56 5.46670970 6 /30 /1000 27 5 '667097% 6 /30 /2015 57 5 4667097\
12 /30 /2000 '28 5.4667097% 12 /30 /2015 58 5.4667097\
6 /30 /1001 29 5.466'109'l\
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SCHEDULE 2 te AMENDNENT NO. 2 SCHEDULE OP CASUALTY VAUJES basic Rent Saaic Rent Payment Casualty payment Casualty Date Value Date Value
%%%%%%a%%% Q 0%%%% &&&&%&&WW&
C /30 /1987 105.6725379 12 /30 /2001 97.5441602 12 /30 /1987 104.0325095 6 /30 /2002 95.6324941 C /30 /198$ 105.5943273 12 /30 /2002 %3.6659902 12 /30 /1988 107.Q28S141 6 /30 /2003 91. 6371397 C /30 /1989 108.3390789 12 l30 /2003 $ 9 ~ 5511282 12 /30 /1989 109.5436758 6 /30 /2004 $ 7.40003S6 6 /30 /1990 110.6239366 12 /30 /2004 $ 5.1896002 12 /30 /1990 111. 5839191 6 /30 /2005 $ 2. 9114449 C /30 /1991. 112.4239382 12 /30 /2005 $ 0.5718867 12 /30 /1991 113.1440455 6 /30 /2006 7$ .1621631 C /30 /1992 113.7390325 12 /30 /2006 75.6892416 12 /30 /1992 114.2170869 6 /3Q /2Q07 73.1439428 C /30 /1993 114.5612811 12 l30 l2007 70.5339S83 12 /30 /1993 114. 7696173 6 /30'/200$ 67.$ 496649 C /30 /1994 114.8237344 12 /30 /2008 65.0995940 12 /30 /1994 114. 7199472 6 /30 /2009 62.2737396 6 /30 /1995 114. 4382418 12 /30 /2009 59.3815621 12 /30 /1995 113. 9860110 6 /30 /2010 56.4140213 C /3Q l1996 113. 4930549 12 /30 /2010 53.3790937 12 /30 /1996 112.9838731 6 /3Q /2Q11 50.2706801 6 /30 /1997 112.4579673 12 /30 /2011 47.0940129'3.$
12 /30 /1997 110.9223452 6 /30 /2012 469180 C /30 /1998 109.3693067 12 /30 /2012 40. 5315528 12 /30 /1998 107.8153952 6 /30 /2013 37.1927800 6 /30 /1999 106.2700412 12 /30 /2013 33.7460798 12 /30 /1999 104.6313588 6 /30 /2014 30.2829307 6 /30 /200Q 102.9386552 12 /30 /2014 26.$ 099446 12 /30 /2000 101.1958537 6 /30 l2015 23.4286252 6 /30 /2001 99.3962545 12 /30 /2015 20.0000000 6728.EMERSON.ADJ.01:8
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SCHEDULZ 3 to AMENDMENT NO. 2 SCHEDULZ OF SPECIAL CASUALTY basic Rent basic Rent Payment Termination Pa~ent Te!'Sination Date Value Date Value
&&%a&%%%&&
6 /30 /1987 105.5811561 12 /30 /2001 96.5485634 12 /30 /1987 103.9333883 6 /30 /1001 94.5513933 6 /30 /1988 105.4866932 12 /30 /1001 92.4920420 12 /30 /1988 106.9116362 6 /30 /1003 90.3623702 6 /30 /1989 108. 2121633 12 /30 /1003 $ 8.1668786 12 /30 /1989 109.4058604 6 /30 /2004 $ 5.$ 969035 6 /30 /1990 110. 4'l 418 52 12 /30 /2004 $ 3.5573758 12 /30 /1990 111.4214153 6 /3Q /2005 $ 1.1390414 6 /30 /1991 112.2474782 12 /30 /1005 7$ . 6472651 12 /30 /1991 112.9524308 6 /30 /2006 76.0722507 6 /30 /1992 113.5309615 12 /3Q /2006 ,
'l 3.4198429 12 /30 /1992 113. 9911463 6 /30 /2007 70.6796430 6 /30 /1993 114.3159362 12 /30 /2007 67.$ 580189 12 /30 I1993 114.5032016 6 /30 /200$ 64.N39098 6 /30 /1994 114.5344383 12 /30 /2008 61. N42861 12 /30 /1994 114.4058058 6 /30 /2009 5$ .$ 474468 6 /30 /1995 114.0971212 12 /30 /2009 55.6610115 12 /30 /1995 113.6155942 6 /30 /2010 52.3739415 6 /30 /1996 113. 0908259 12 /30 /2010 4$ .9920428 12 /30 /1996 112. 54'l099'l 6 /30 /2011 45.5068594 6 /30 /1997 111.9836828 12 /30 /2011 41.9210646 12 /30 /1997 110.4073282 6 /30 /2012 3$ .2297052 6 /30 /1998 108.8100588 12 /30 /2012 34.4319213 12 /30 /1998 107. 208117$ 6 /30 /2013 30.5692984 6 /30 /1999 105.6106095 12 /30 /2013 26.5537587 12 /30 /1999 103.915293'l 6 /30 /2014 22.4729169 6 /30 /2000 102.1610917 12 /30 /1014 1$ .3291892 12 /30 /2000 100. 3515124 6 /30 /2015 14. 2195235 6 /30 /2001 98.4793994 12 /30 /2015 10.0000000 6728.EMERSON.ADJ.01:8
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SCHEDULE 4 to AMENDMENT NO. 2 SCHEDULE OF MODIFIED SPECIAL CASUALTY VMUES Nodijie& Nadifie4.
basic Rent Special basic Rent Special Payaent Casualty Payaent Casualty Date Value Date Value 6 /30 /1987 105.4899713 12 /30 /2001 95.5529666 12 /30 /1987 103o$ 342670 6 /30 /2OO2 93.4702924 6 /30 /1988 105.3790592 12 /30 /2002 91.3180938 12 /30 /1988 106.7947583 6 /30 /2003 $ 9.0876006 6 /30 /1989 108.0852477 12 /30 /2003 $ 6.7826290 12 /30 /1989 109.2680449 6 /30 /2004 N.3937715 6 /30 /1990 110.3246339 12 /30 /2004 81. 9251513 12 /30 /1990 111.2589116 6 /30 /2005 79.3666378 6 /30 /1991 112. 0710183 12 /30 /2005 76.7226436 12 /30 /1991 112. 7608161 6 /30 /2006 73.9823384 6 /30 /1992 113.3228905 12 /30 /2006 71. 1504442 12 /30 /1992 113. 7652057 6 /30 /2007 68.2153432 6 /30 /1993 114. 0705913 12 /30 /2007 65.1820795 12 /30 /1993 114.2367859 6 /30 /200$ 62. 0381547 6 /30 /1994 114. 2451423 12 /30 /2008 58.7889783 12 /30 /1994 114.0916643 6 /30 /2009 55.4211541 6 /30 /1995 113.7560006 12 /30 /2009 51. 9404610 12 /30 /1995 113.2451774 6 /30 /2010 48.3338618 6 /30 /1996 112.6885969 12 /30 /2010 44.6049919 12 /30 /1996 112-1103264 6 /30 /2011 40.7430388 6 /30 /1997 111. 50939N 12 /30 /2011 36. 7481163 12 /30 /1997 109. $ 923111 6 /30 /2012 32.6124925 6 /30 /1998 108.2508109 12 /30 /2012 28.3322897 12 /30 /1998 106.6008405 6 /30 /2013 23.9458168 6 /30 /1999 104. 9511778 12 /30 /2013 19. 3614376 12 /30 /1999 103-1992285 6 /30 /2024 14.6629031 6 /30 /2000 101.3835303 12 /30 /2011 9.$ 4N339 12 /30 /2000 99. 5071711 6 /30 /2015 5.0104218 6 /30 /2001 97.5625442 12 /30 /2015 0.0000000 6728.EMERSON.ADJ.01:8
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SCHEDULE 5 to AMENDMENT NO. ?
SCHEDULE OF EXTRAORDINARY CASUALTY basic lent Extraordinary asic Rent Extraordinary Payaent Casualty Payaent Casualty Date Value Date Value
%a%%%%
6 /30 /1987 105. 7181788 12 /30 /2001 98.0419586 12 /30 /19&7 104.0820702 6 /30 /2002 96.1730446 6 /3Q /19&& 105.6481443 12 /30 /2002 94.2529644 12 /30 /198& 107.0869530 6 /30 /2003 92.2745245 6 /30 /1989 10&.4025368 12 /30 I2003 90.2432530 12 /30 /1989 109. 6125835 6 /30 /2004 88.1516017 6 /30 /1990 110.6987623 12 j30 /2004 86.0057124 12 /30 /1990 111. 6651709 6 /30 /2005 !3.7976467
- 6. /30 /1991 112. 5121681 12 /30 /2005 81.5341974 12 /30 /1991 113.2398528 6 /30 /2006 79.2071193 6 /30 /1992 113.8430680 12 /30 /2006 76.8239410 12 /30 /1992 114.3300572 6 /30 /2007 74. 3160927 6 /30 /1993 114.6839536 12 /30 /2007 71.8719280 12 /3Q /1993 114.9Q282S1 6 /30 /2008 69.3025425 6 /30 /1994 114.9683824 12 /30 /2008 66.6772479 12 /30 /1994 114.8770179 6 /30 I2009 63.9868860 6 /30 /'995 114.6088021 12 /30 /2009 61.2418373 12 /30 /1995 lli. 1712194 6 /30 /2010 58.4340612 6 /30 /1996 113. 6941695 12 J30 /2010. 55. 5726191 12 /30 /1996 113.2022598 6 /30 /2011 52.6525904 6 /30 /1997 1 2. 6951095
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12 /30 /2011 49.6804870 12 /30 /1997 111.1798537 6 /30 /2012 46.6555243 6 /30 /1998 109.6489306 12 /30 /2012 43.5813686 12 /30 /1998 108.1190338 6 /30 /2013 40.5045208 6 /30 /1999 106. 5997571 12 /30 /2013 37.3422403 12 /30 /1999 104. 9893914 6 /30 /2014 34.1879376 6 /30 /2000 103.3274364 12 /30 I2014 31.0503222 12 /30 /2000 101. 6180243 6 /30 /2015 2$ . 0331760 6 /30 /2001 99. 8546821 12 /30 /2015 25.0000000 6728.EMERSON.ADJ.Ol:8
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AMENDMENT NO. 2 TO FACILITY IZASE ZMZRSON CAPITAL CORPORATION CERT FII CATION g REQUEST g INSTRUCTION AND CONSENT Reference is made to (i) the Participation Agreement, dated as of August 1, 1986, among the parties whose signatures appear below, as heretofore amended (such Participation Agreement, as so amended, is herein-after referred to as the Participation Agreement), (ii) the Facility Lease (as, defined in the Participation Agreement), as heretofore amended (such Facility "Lease, as so amended, is hereinafter referred to as the Facility Lease), and (iii) the Indenture (as defined in the Participation Agreement), as heretofore amended and supplemented (such Indenture, as so amended and supple-mented, is hereinafter referred to as the Indenture),
Capitalized terms used herein without definition shall have the respective meanings given such terms in Appendix A to the Participation Agreement.
- 1. The Equity Participant hereby requests the Lessee to enter into an amendment to the Facility Lease in the form attached as Exhibit A hereto (Amendment No. 2) .
- 2. The undersigned President of the Equity Participant hereby certifies that the schedules of Basic Rent Percentages, Casualty Values, Special Casualty Values, Modif ied Special Casualty Values and Extraordinary Casualty Values have been prepared in corn>>
pliance with the method for adjustment described in Section 3(e) of the Facility Lease.
- 3. In accordance with Section 2.01 of the Trust Agreement, the Equity Participant hereby requests and instructs the Owner Trustee to execute and deliver (i) this Certification, Request, Instruction and Consent, (ii) Amendment No. 2 and (iii) all other agree-ments, instruments and certificates contemplated by the Transaction Documents in connection with this Certification, Request, Instruction'and Consent and Amendment No. 2.
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- 4. The Lessee hereby represents that Amendment No. 2 does not constitute an amendment to the Facility Lease that would require the consent of the Holders of the Notes now Outstanding. In accordance with Section 10.2(ii) of the Indenture, the Lessee and the Owner Trustee hereby instruct the Indenture Trustee to consent to Amendment No. 2, and the Indenture Trustee so consents.
be made
- 5. The Lessee agrees that it shall cause or given the recordation, notice and filings set to forth in Schedule 1 hereto and represents that such recordation, notice and filings are all the recorda-tions, notices and filings necessary in order to pre-serve, protect and perfect the Owner Trustee's rights and interests under the Facility Lease, as amended by Amendment No. 2 and the Indenture Trustee's rights and interests under the Indenture.
- 6. This Certification, Request, Instruction and Consent may be executed in any number of counter-parts and by the different parties hereto on separate counterparts, each of which, when so executed and deliv-ered, shall be an original, but all such counterparts shall together constitute but one and the same instrument. This Request, Instruction and Consent shall be effective on and as of the latest of the dates of execution hereof by the parties thereto; provided, however, that paragraph 1 hereof shall be effective on and as of the date of execution hereof by the Equity Participant.
6728.2.2744.11:7
II IN NITNESS MEKREOF, the parties hereto have each caused this Certification, Request, Instruction and Consent to be duly executed by their respective officers thereunto duly authorized as of the dates set forth below.
EMERSON CAPITAL CORPORATION By i'a
'reside t Date: July 29, 1987 ARIZONA PUBLIC SERVICE COMPANY By Treasurer and Assistant Secretary Date: July 29, 1987 THE FIRST NATIONAL BANK OF
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BOSTON, as Owner Trustee By Assistant Vice President Date: July 29, 1987 CE&MICAL BANK, as Indenture Trustee By Vice President Date: July 29, 1987 PVNGS FUNDING CORP., INC.
By President Date: July 29, 1987 6728.2.2744.11:7
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IN WITNESS WEKREOP, the parties hereto have each caused this Certification, Request, Instruction and Consent to be duly executed by their respective officers thereunto duly authorized as of the dates set forth below.
EMERSON CAPITAL CORPORATION By President Date: July 29, 1987 ARIZONA PUBLIC SERVICE COMP By
! Treasurer and Assistant Secretary Date: July 29, 1987 THE FIRST NATIONAL BANK OP BOSTON, as Owner Trustee Assistant Vice President Date; July 29, 1987 CHEMICAL BANK, as Indenture Trustee By Vice President Date: July 29, 1987 PVNGS PUNDING CORP., INC By President Date: July 29, 1987 6728.2.2744.11:7
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IN WITNESS WEGHKOF, the parties hereto have each caused this Certification, Request, Instruction and Consent to be duly executed by their respective officers thereunto duly authorized as of the dates set forth below.
EMERSON CAPITAL CORPORATION By President Date: July 29, 1987 ARIZONA PUBLIC SERVICE COMPANY By Treasurer and Assistant Secretary Date: July 29, 1987 THE FIRST NATIONAL BANK OF BOSTON, as Owne Trustee By Assistan Vxc Pre dent Date: July 29, 1987 CHEMICAL BANK, as Indenture Trustee By Vice President, Date: July 29, 1987 PVNGS FUNDING CORP., INC By President Date: July 29, 1987 6728.2.2744.11:7
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IN WITNESS WEKREOF, the e
parties hereto have each caused this Certification, Request, Instruction and Consent to be duly executed by their, respective officers thereunto duly authorized as of the dates set forth below.
EMERSON CAPITAL CORPORATION President Date: July 29, 1987 ARIZONA PUBLIC SERVICE COMPANY By Treasurer and Assistant Secretary Date; July 29, 1987 THE FIRST NATIONAL BANK OP BOSTON, as Ovner Trustee By Assistant Vice President Date: July 29, 1987 (BKMICAL BANK, as Indenture Trustee By Vice Presa Da e: July 29, 19 PVNGS PUNDING CORP., INC.
By President, Date: July 29, 1987 6728.2.2744.11:7
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IN MITNESS WHEREOF, the parties hereto have each caused this Certification, Request, Instruction and Consent to be duly executed by their respective officers thereunto duly authorized as of the dates set forth below.
EMERSON CAPITAL CORPORATION By President Date: July 29, 1987 ARIZONA PUBLIC SERVICE COMPANY By Treasurer and Assistant Secretary Date: July 29, 1987 THE FIRST NATIONAL MNK OP BOSTON, as Owner Trustee By Assistant Vice President Date: July 29, 1987 CHEMICAL BANK, as Indenture Trustee By Vice President Date: July 29, 1987 G CORP., INC By sident Date: July 29, 1987 6728.2.2744.11:7
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Schedule 1 to Request, Instruction and Consent RECORDATION, NOTICE AND FIIZNGS Part I. Recordation.
Amendment No. 2 to the Facility Lease will be recorded with the County Recorder of Maricopa County, Arizona.
Part II. Notice.
By letter dated July 28, 1987, the Nuclear Regulatory Commission was given notice of Amendment No. 2 to the Facility Lease, in compliance with paragraph 2.B(8) of Facility Operating License NPF-41 (which paragraph was added by Amendment No. 4 to such License issued on August 15, 1986, and amended by Amendment No. 6 issued on December 11, 1986).
Part III. Filings.
(a) Separate financing statement amendments naming APS as "Lessee" and the Owner Participant's Owner Trustee as "Lessor", and the Indenture Trustee, as Assignee of the Owner Trustee, with respect to the Facility Lease, as heretofore amended and as further amended by Amendment No. 2, to be filed in the records of:
(1) the Secretary of State of the State of Arizona (regular and public util-ity filings); and (2) the County Recorder of Maricopa County, Arizona.
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(b) Separate financing stat'ement amendments naming the Owner Trustee as "Debtor" and the Indenture Trustee as "Secured Party", with respect to the Indenture, as amended by Supplemental Indenture No. 1 to be filed in the records of:
(1) the Secretary of State of the State of Arizona; and (2) the County Recorder of Maricopa County, Arizona.
(c) A financing statement amendment naming the Owner Trustee as "Debtor" and the Indenture Trustee as "Secured Party" with respect to the Indenture, as amended by Supplemental Indenture No. 1 to be filed with the Secretary of State of the Commonwealth of Massachusetts and the Boston Town Clerk.
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When Recorded, Return to: David A. Sprentall SNELL & WILMER 3100 Valley Bank Center Phoenix, Arizona 85073 CERTAIN RIGHTS OF THE LESSOR UNDER THE FACILITY LEASE AS AMENDED BY THIS AMENDMENT NO. 2 THERETO HAVE BEEN ASSXGNED TO~ AND ARE SUBJECT TO A SECURITY INTEREST DERRIERE TRUST XNDENTUE&g . MORTGAGE g SECURITY AGREEMENT AND ASSIGNMENT OP PACXLITY LEASE DATED AS OF AUGUST 1~
M RHINE% . ! IH ilj (d) baal MERalalZ FOR INFORMATION CGNCERNiCNG THE RIGHTS OP HOLGEEK OP VAR-IOUS COUN',PERPARTS EGHKQP THIS COUNTEEG?ART IS NOT THE ORIGINAL COUNTERPART.
AMEXDME2FP NO 2 dated as of June 1, 1987 to PACILXTY LEASE dated as of August 1, 1986 between THE FIRST NATXONAL MNK OP BOKMH not in its individual capacity, but solely as Owner Trustee under a Trust Agreement, dated as of August 1, 1986 with Emerson Capital Corporation (assignee of Emerson Finance Co.) ~
Lessor and ARIZONA PUBLIC SERVICE COMPANY, Lessee Original Facility Lease Recorded on August 18, 1986i as Instrument No. 86-439438 and Amendment No..1 to Facility Lease Recorded on November 21i 1986i as Instrument No. 86-645156 in Maricopa County Recorder's Office, State of Arizona.
6728 EMERSON. ADJ. 01: 11
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AMENDMENT NO. 2, dated as of June 1, 1987 (Amendment No. 2), to the Facility Lease dated as of August 1, 1986 between THE FIRST NATIONAL BANK OP BOSTON, a national banking association, not in its indi-vidual capacity, but solely as Owner Trustee under a Trust Agreement, dated as of August 1, 1986, with Emerson Capital Corporation, a Delaware corporation, as assignee of Emerson Finance Co. (the Lessor), and ARIZONA PUBLIC SERVICE COMPANY, an Arizona corporation (the Lessee) .
W I TNESSETH WHERF2K, the Lessee and the Lessor have here-to f ore entered into a Facility Lease dated as of August 1, 1986 (the Facility Lease), providing for the lease by the Lessor to the Lessee of the Undivided Interest and the Real Property Interest; WHEREAS, the Lessee and the Lessor have here-tofore entered into an Amendment No. 1 to Facility Lease dated as of November 1, 1986, providing for certain amendments to the Facility Lease and adjustments to Basic Rent and to the schedules of Casualty Values, Extraordinary Casualty Values, Special Casualty Values and Modified Special Casualty Values; RKREAS, Section 3(e) of the Facility Lease provides for an ad)ustment to Basic Rent and to the schedules of Casualty Values, Extraordinary Casualty Values, Special Casualty Values and Modified Special Casualty Values in order to preserve Net Economic Return in the event, among other things, of any change in the Current Pricing Assumptions; and WHEREAS, in connection with the payment of Transaction Expenses, there has been a change in the Current Pricing Assumptions; NOW, THEREFORE, in consideration of the premises and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowl-edged, the parties hereto agree as follows:
6728. EMERSON. ADJ. 01: 11
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SECTION 1. Definitions.
For purposes hereof, capitalized terms used herein and not otherwise defined herein or in the recitals shall have the meanings assigned to such terms
'in Appendix A to the Facility Lease.
SECTION 2. Amendments.
(a) Schedule 1 to the Facility Lease is hereby replaced with Schedule 1 hereto.
(b) Schedule 2 to the Facility Lease is hereby replaced with Schedule 2 hereto.
(c) Schedule 3 to the Facility Lease is hereby replaced with Schedule 3 hereto.
(d) Schedule 4 to the Facility Lease is hereby replaced with Schedule 4 hereto.'e)
Schedule 5 to the Facility Lease is hereby replaced with Schedule 5 hereto.
SECTION 3. Miscellaneous.
(a) Dating. Although this Amendment No. 2 is dated as of the date first above written for conve-nience, the actual dates of execution hereof by the par-ties hereto are respectively the dates set, forth under the signatures hereto, and this Amendment No. 2 shall be effective on the latest of such dates.
(b) Governing Law. This Amendment No. 2 has been negotiated and delivered in the State of New York and shall be governed by, and be construed in accordance with, the laws of the State of New York, except to the extent that pursuant to the law of the State of Arizona such law is mandatorily applicable hereto.
(c) Disclosure. Pursuant to Arizona Revised Statutes Section 33-401, the beneficiary of the Trust Agreement is Emerson Capital Corporation, a Delaware corporation. The address of the beneficiary is 8000 6728. EMERSON. ADJ. 01: 11
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West Florissant Avenue, St. Louis, Missouri 63136, Attention: President. A copy of the Trust Agreement is available for inspection at the offices of the Owner Trustee at 100 Federal Street, Boston, Massachusetts 02110, Attention of Corporate Trust"Division.
(d) Original Counterpart. The single executed original of this Amendment No. 2 marked "THIS COUNTERPART IS THE ORIGINAL COUNTERPART'! and containing the receipt of the Indenture Trustee thereon shall be the "Original" of this Amendment No. 2. No security interest in this Amendment No. 2 may be created or con-tinued through the transfer or possession of any coun-terpart other than the "Original".
(e) Counterpart Execution. This Amendment No. 2 may be executed in any number of counterparts and by each of the parties hereto or thereto on separate counterparts, all such counterparts together constitut-ing one and the same instrument.
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IN WITNESS WHZZKOF, each of the parties hereto has caused this Amendment No. 2 to Facility Lease to be duly executed by an officer thereunto duly authorized.
THE FIRST NATIONAL BANK OF BOSTONi not in its individual capacity, but solely as Owner Trustee under a Trust Agreement dated as of August 1, 198 6, with Emerson Capital Corporation (assignee of Emerson Finance Co.)
By Martin P. Henry Assistant Vice President Date: July 29, 1987 ARIZONA PUBLIC SERVICE COMPANY By William J. Hemelt Treasurer and Assistant Secretary Date: July 29, 1987
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6728.EMERSON.ADJ.01:11
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Commonwealth of Massachusetts )
) ss:
County of Suffolk )
The foregoing instrument was acknowledged before me this 29th day of July, 1987, by MARTIN P. HENRY, Assistant Vice President of THE FIRST NATIONAL BANK OF BOSTON, a national banking association, on behalf of the banking association as Owner Trustee under the Trust Agreement dated as of August 1, 1986 with Emerson Capital Corporation (assignee of Emerson Finance Co.) .
Notary Public State of Arizona )
) as:
County of Maricopa )
The foregoing instrument was acknowledged before me this 29th day of July, 1987, by WILLIAM J. HEMELT, Treasurer and Assistant Secretary of ARIZONA PUBLIC SERVI CE COMPANY I an Arizona corporation, on behalf of the corporation.
Notary Public 6728. EMERSON. ADJ. 01: 11
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SCHEDULE 1 to AMENDMENT NO. 2 BASIC RENT PERCENTAGES basic basic Rent basic basic Rent basic Rent Rent 4 of basic Rent Rent 4 of Payaent Date Nuaher tacility Cost Payaent Date luaber Facility Cost 12 /30 /1986 0 3.68269234 12 /30 /2001 30 5.4667097\
6 /30 /1987 1 4.4727625% 6 /30 /2002 31 5. 4661097\
12 /30 /1987 2 4.47276254 12 /30 /2002 32 5.4667097%
6 /30 /198$ 3 4.4727625% 6 /30 /2003 33 5 '667097%
12 /30 /1988 4.4727625% 12 /30 /2003 34 5. 4667091\
6 /30 /1989 4.4727625% 6 /30 /2004 35 5.4667097%
12 /30 /2989 4.47276254 12 /30 /2004 36 5.4667097\
6 12
/30
/30
/1990
/1990
- i. 4721625\ 6 /30 /2005 37 5.4667097\
4.4727625% 12 /30 /2005 38 5.46670%7%
6 /30 /1991 4.4727625% 6 /30 /2006 39 5. 4661097\
12 /30 /1991 10 4.4727625% 12 /30 /2006 40 5.4667097\
6 /30 /1992 11 4.4727625% 6 /30 /2007 41 5.4667097\
12 /30 /1992 12 4.4727625% 12 /30 /2007 42 5.466709'1\
6 /30 /1993 '
13 4.4727625% /30 /2008 43 5.4667097%
12 /30 /1993 14 4.4727625% 12 /30 /2008 5.4667097\
6 /30 /1994 4.4727625% 6 /30 /2009 45 5.4667097%
12 /30 /1994 16'7 4.4727625% 12 /30 /2009 46 5.4667097\
6 /30 /1995 4.4727625% 6 /30 /2010 47 5.4667097%
12 /30 /1995 18 4.47276254 12 /30 /2010 48 5.4667097%
6 /30 /1996 19 4.4727625\ 6 /30 /2011 49 5 '667097%
12 /30 /1996 20 4.4727625\ 12 /30 /2011 50 5.46670974 6 /30 /1997 21 4 4727625% 6 /30 /2012 51 5.4661091\
12 /30 /1991 22 5 4661091\ 12 /30 /2012 52 5.4667097\
6 /30 /199$ 23 5.4667097% 6 /30 /2013 53 5.4667097%
12 /30 /1998 24 5.4667097% 12 /30 /2013 54 5.4667097\
6 /30 /1999 25 5.4667097\ 6 /30 /2014 55 5.4667097%
12 /30 /1999 26 5.46670974 12 /30 /2014 56 5.4667097%
6 /30 /2000 27 5. 4661097\ 6 /30 /2015 57 5 4667097%
12 /30 /2000 '28 5.4667097\ 12 /30 /2015 5$ 5.4667097%
6 /30 /2001 29 S. 4667091\
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SCHEDULE 2 to AMENDMENT NO. 2 SCHEDULE OF CASUALTY VAIIJES iasic Rent Sasic Rent Payment Casualty Payment Casualty Date Value Date Value C /30 /1987 105.6715379 12 /30 /2001 97.5441602 12 /30 /1987 104.0325095 C /30 /1002 95.6324941 C /30 /1988 105.5943273 12 /30 /2002 93.6659902 12 /30 /1988 107.0185141 6 /30 /2003 91. 6371397 6 /30 /1989 10$ .3390789 12 /30 /2003 $ 9.5511282 12 /30 /1989 109.5436758 C /30 /2004 $ 7.4000356 6 /30 /1990 110.6239366 12 /30 /1004 $ 5.1896002 12 /30 /1990 111.5839191 C /30 /2005 $ 2.%114449 C /30 /1991 112. 4139382 12 /30 /1005 $ 0.5718867 12 /30 /1991 113.1440455 6 /30 /2006 7$ .1621631 C /30 /1992 113.7390325 12 /30 /1006 75.6892416 12 /30 /1992 114-2170869 6 /30 /2007 73. 143942$
C /30 /1993 114. 5611811 12 /30 /1007 70.53395$ 3-12 /30 /1993 114. 7696173 6 /30 /200$ 67.$ 496649 C /30 /1994 114.$ 237344 12 /30 /200$ 65.0995940 12 /30 /1994 114.7199472 6 /30 /2009 62.2737396 6 /30 /1995 114. 4382418 12 /30 /2009 59.3815621 12 /30 /1995 113.9860110 6 /30 /1010 56. 4140213 6 /30 /1996 113.4930549 12 /30 /1010 53.3790937 12 /30 /1996 112. 9838731 6 /30 /2011 50.1706801 C /30 /1997 112.4579673 12 /30 /2011 47.0940129 12 /30 /1997 110. 9223452 6 /30 /2012 43.$ 469180 C /30 /1998 109.3693067 12 /30 /2012 40. S31551$
12 /30 /1998 107.$ 153952 6 /30 /2013 37.1927800 C /30 /1999 106.2700412 12 /30 /1013 33.7460798 12 /30 /1999 104. 6313588 6 /30 /2014 30.1829307 C /30 /2000 102.9386552 12 /30 /2014 26.$ 099446 12 /30 /2000 101.1958537 6 /30 /2015 13.4186252 C /30 /2001 99.3962545 12 /30 /2015 20.0000000 6728.EMERSON.ADJ.01:8
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SCHEDULZ 3 to AMENDMENT NO. 2 SCHEDULZ OF SPECIAL CASUALTY iaaic Rent Sasic lent Payment Termination Payaent Teraination Date Value Date Value C /30 /1987 105.5012561 12 /30 /1001 96.5485634 12 /30 /1987 103.9333003 6 /30 /2002 94. 5513933 C /30 /1988 105.4866932 12 /30 /2002 92.4920420 12 /30 /1988 106. 9116362 6 /30 /2003 90.3623702 C /30 /1989 108. 2111633 11 /30 /2003 00.1660706 12 /30 /1989 109.4058604 6 /30 /2004 05.$ 969035 6 I30 /1990 110.4742852 12 /30 /1004 03.5573758 12 /30 /1990 111.4214153 6 /30 /1005 $ 1.1390414 C /30 /1991 111. 2474702 12 /30 /2005 7$ . C472651 12 /30 /1991 112. 9524308'13.
6 /30 /1006 76.0722507 C /30 /1992 5309615 12 /30 /2006 73. 4190429 12 /30 /1992 113. 9911463 6 /30 l1007 70.C796430 6 /30 /1993 114. 3159362 12 /30 /2007= 67.0500109 12 /30 /1993 114.5032016 6 /30 /2000 ~ 64.9439098 C /30 /1994 114.5344383 12 /30 /200$ 61.9442061 12 'l30 /1994 114.4058058 6 /30 /2009 5$ .$ 474468 6 /30 /1995 114. 0971112 12 /30 /2009 55. 6610115 12 /30 /1995 113. 6155942 6 /30 /1010 52.3739415 6 /30 /1996 113.0908259 12 /30 /2010 40.9920428 12 /30 /1996 112.5470997 6 /30 /2011 45.5060594 C /30 /1997 111.9836028 12 /30 /1011 41.9210646 12 /30 /1997 110.4073202 6 /30 /2012 30.1297052 C /30 /1998 108.0100508 12 /30 /2012 34.4319113 12 /30 /1998 107.208117! 6 /30 /2013 30.5692984 6 /30 /1999 105.6106095 12 /30 /2013 26.5537587 12 /30 /1999 103.9152937 6 /30 /2014 22.4729169 C /30 /2000 102.1610927 12 /30 /2014 10.3291092 12 /30 l2000 100. 3515124 6 /30 /2015 14.2195235 6 /30 /2001 98.4793994 11 /30 /2015 10 0000000 6728 EMERSON ADJ.01:8
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SCHEDULE 4 to AMENDMENT NO. 2 SCHEDULE OF MODIFIED SPECIAL CASUALTY VAWES Modified Modified basic Rent Special basic Rent Special Payaent Casualty Payaent Casualty Date Value Date Value 6 /30 /1987 105.4899743 12 /30 /1001 95.5529666 12 /30 /1987 103.$ 342670 6 /30 /2002 %3.4702924 6 /30 /1988 105.3790591 12 /30 /2002 %1. 3180938 12 /30 /1988 106.7947583 6 /30 /2003 $ 9.0876006 6 /30 /1989 108.0852477 12 /30 /2003 $ 6.7826290 12 /30 /1989 109.2680449 6 /30 /1004 $ 4.3937715 6 /3O /199O 110.3246339 12 /30 /2004 $ 1. 9251513 12 /30 /1990 111. 2589116 6 /30 /2005 79.366637$
6 /30 /1991 112.0710183 12 /30 /1005 76.7226436 12 /30 /1991 112-7608161 6 /30 /2006 73.9823384 6 /30 /1992 113.3228905 12 /30 /2006 71.1504442 12 /30 /1992 113.7652057 6 /30 /2007 68.2153432 6 /30 /1993 114. 0705913 12 /30 /20D7 65.1820795 12 /30 /1993 114.2367859 6 /30 /100$ 62.0381547 6 /30 /1994 114. 2451423 12 /30 /200$ 58.7889783 12 /30 /1994 114. 0916643 6 /30 /2009 55.4211541 6 /30 /1995 113.7560006 12 /30 /1009 51. 9404610 12 /30 /1995 113.2451774 6 /30 /2010 48.3338618 6 /30 /1996 112.6885969 12 /30 /2010' 44.6049919 12 /30 /1996 112.1103264 /30 /1011 40.7430388 6 /30 /1997 111. 5093984 12 /30 /2011 36.7481163 12 /30 /1997 109.$ 913111 6 /30 /2012 32.6124925 6 /30 /1998 108.2508109 12 /30 /2012 18.3322897 12 /30 /1998 1O6.6008405 6 /30 /2013 23. 9458168 6 /30 /1999 104. 951177$ 12 /30 /2013 19. 3614376 12 /30 /1999 103 1992285 6 /30 /201'4 14.6629031 6 /30 /2DOO 101 3835303 12 /30 /2014 9.$ 484339 12 /30 /2000 99. 5071711 6 /30 /2015 5. 0104218 6 /30 /2001 97.5625442 12 /30 /2015 D.0000000 6728.EMERSON.ADJ.Ol:8
pi E SCHEDULE 5 to AMENDMENT NO. 2 SCHEDULE OF EXTRAORDINARY CASUALTY VAWES basic Rent Extraordinary basic Rent Extraordinary Payaent Casualty Payment Casualty Date Value Date Value aa&aa&a%%&
6 /30 /1987 105.7181788 12 /30 /2001 %$ .0419586 12 /30 /1987 104.0820702 6 /30 /2002 96.1730446 6 /30 /1988 105.6181443 12 /30 /2002 91.2529614 12 /30 /1988 107.0869530 /30 /2003 92.2745245 6 /30 /1989 108.102536$ '26 /30 /2003 90.2132530 12 /30 /1989 109.6125835 6 /30 /2004 $ 8. 1516017 6 /30 /1990 110.6987623 12 /30 /2004 $ 6.0057124 12 /30 /1990 111.6651709 6 /30 /2005 $ 3.7976467
- 6. /30 /1991 112.5121681 12 /30 /2005 $ 1.5341974 12 /30 /1991 113. 2398528 6 /30 /2006 79. 2071193 6 /30 /1992 113.$ 430680 12 /30 /2006 76. $ 239410 12 /30 /1992 114. 3300572 6 /30 /2007 .74.3760927 6 /30 /1993 111.6839536 12 /30 /2007 71.$ 719280 12 /30 /1993 114.9028251 6 /30 /2008 69.3025425 6 /30 /1994 114.9683824 12 /30 /200$ 66.6772179 12 /30 /1994 111. 8770179 6 /30 /2009 63.9868860 6 /30 /'95 114. 6088021 12 /30 /2009 61.2418373 12 /30 /1995 114. 1712194 6 /30 /2010 '8.4340612 6 /30 /1996 113. 6941695 12 /30 /2010 55. 5726191 12 /30 /1996 113.2022598 6 /30 /2011 52.6525904 6 /30 /1997 1 2.6951095 12 /30 /2011 49.6804870 12 /30 /1997 111 ~ 1798537 6 /30 /2012 46.6555243 6 /30 /1998 109 '489306 12 /30 /2012 43. 5813686 12 /30 /1998 108. 1190338 6 /30 /2013 10.5045208 6 /30 /1999 106. 5997571 12 /30 /2013 37.3422403 12 /30 /1999 104. 9893%14 6 /30 /2014 34.1879376 6 /30 /2000 103 3274364 12 /30 /2014 31.0503222 12 /30 /2000 101. 6180243 6 /30 /2015 2$ .0331760 6 /30 /2001 99.$ 546821 12 /30 /2015 25.0000000 6728. EMERSON. AKLT. 01: 8
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