ML23006A144: Difference between revisions
StriderTol (talk | contribs) StriderTol Bot change |
StriderTol (talk | contribs) StriderTol Bot change |
||
| Line 28: | Line 28: | ||
6HFWLRQ | 6HFWLRQ | ||
3DJH | 3DJH | ||
5.1 6XPPDU | 5.1 6XPPDU\'HVFULSWLRQ | ||
5.2 3ULPDU | 5.2 3ULPDU\&RQWDLQPHQW6\VWHP | ||
'HVLJQ&ULWHULD | 'HVLJQ&ULWHULD | ||
&RQWDLQPHQW6 | &RQWDLQPHQW6\VWHPV&ULWHULD | ||
&RQWDLQPHQW$X[LOLDU | &RQWDLQPHQW$X[LOLDU\6\VWHPV&ULWHULD | ||
&RROLQJDQG9HQWLODWLRQ6 | &RROLQJDQG9HQWLODWLRQ6\VWHP | ||
,VRODWLRQ6 | ,VRODWLRQ6\VWHP | ||
9HQWDQG9DFXXP5HOLHI6 | 9HQWDQG9DFXXP5HOLHI6\VWHP | ||
&RQWDLQPHQW3HQHWUDWLRQV | &RQWDLQPHQW3HQHWUDWLRQV | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO | ||
+DUG3LSH9HQW6 | +DUG3LSH9HQW6\VWHP | ||
'HVFULSWLRQ | 'HVFULSWLRQ | ||
3UHVVXUH6XSSUHVVLRQ6 | 3UHVVXUH6XSSUHVVLRQ6\VWHP | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW | ||
6XSSUHVVLRQ&KDPEHU | 6XSSUHVVLRQ&KDPEHU | ||
| Line 61: | Line 61: | ||
(OHFWULFDO3HQHWUDWLRQ | (OHFWULFDO3HQHWUDWLRQ | ||
/RZ9ROWDJH$VVHPEO | /RZ9ROWDJH$VVHPEO\ | ||
6KLHOGHG6LJQDO&DEOHV | 6KLHOGHG6LJQDO&DEOHV | ||
| Line 69: | Line 69: | ||
3LSLQJ3HQHWUDWLRQV | 3LSLQJ3HQHWUDWLRQV | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW$X[LOLDU\6\VWHPV | ||
6SUD | 6SUD\&RROLQJ6\VWHP | ||
&RROLQJDQG9HQWLODWLRQ6 | &RROLQJDQG9HQWLODWLRQ6\VWHP | ||
&RQWDLQPHQW,VRODWLRQ9DOYHV | &RQWDLQPHQW,VRODWLRQ9DOYHV | ||
| Line 81: | Line 81: | ||
'HVFULSWLRQRI2XWERDUG06,9V | 'HVFULSWLRQRI2XWERDUG06,9V | ||
9HQWDQG9DFXXP5HOLHI6 | 9HQWDQG9DFXXP5HOLHI6\VWHP | ||
&RQWDLQPHQW0RQLWRUV | &RQWDLQPHQW0RQLWRUV | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO6\VWHP | ||
&RQWDLQPHQW$WPRVSKHUH0RQLWRULQJ6 | &RQWDLQPHQW$WPRVSKHUH0RQLWRULQJ6\VWHP | ||
6XSSUHVVLRQ3RRO7HPSHUDWXUH0RQLWRULQJ6 | 6XSSUHVVLRQ3RRO7HPSHUDWXUH0RQLWRULQJ6\VWHP | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 104: | Line 104: | ||
3DJH | 3DJH | ||
+DUG3LSH9HQW6 | +DUG3LSH9HQW6\VWHP | ||
3HUIRUPDQFH$QDO | 3HUIRUPDQFH$QDO\VLV | ||
6L]LQJRIWKH3ULPDU | 6L]LQJRIWKH3ULPDU\&RQWDLQPHQW | ||
&RQWDLQPHQW5HVSRQVHWRD/RVVRI&RRODQW$FFLGHQWDQG659 | &RQWDLQPHQW5HVSRQVHWRD/RVVRI&RRODQW$FFLGHQWDQG659 | ||
$FWXDWLRQV | $FWXDWLRQV | ||
&RQWDLQPHQW' | &RQWDLQPHQW'\QDPLF5HVSRQVH | ||
'HVLJQ%DVLV$FFLGHQWRI&RRODQW$FFLGHQW '%$/2&$ %UHDN | 'HVLJQ%DVLV$FFLGHQWRI&RRODQW$FFLGHQW '%$/2&$ %UHDN | ||
| Line 122: | Line 122: | ||
/LFHQVLQJ%DVLV8OWLPDWH+HDW6LQN/LPLW | /LFHQVLQJ%DVLV8OWLPDWH+HDW6LQN/LPLW | ||
,PSDFWRI)XHO7 | ,PSDFWRI)XHO7\SHRQ&RQWDLQPHQW$QDO\VHV | ||
&RQWDLQPHQW7HPSHUDWXUHDQG3UHVVXUHIRU(&&63XPS136+ | &RQWDLQPHQW7HPSHUDWXUHDQG3UHVVXUHIRU(&&63XPS136+ | ||
+ | +\GURJHQDQG2[\JHQ*HQHUDWLRQLQ&RQWDLQPHQW | ||
0HWDO:DWHU5HDFWLRQ | 0HWDO:DWHU5HDFWLRQ | ||
5DGLRO | 5DGLRO\VLV | ||
&RUURVLRQ5HDFWLRQV | &RUURVLRQ5HDFWLRQV | ||
0LVFHOODQHRXV&RQWDLQPHQW3HUIRUPDQFH$QDO | 0LVFHOODQHRXV&RQWDLQPHQW3HUIRUPDQFH$QDO\VHV | ||
6HLVPLF$QDO | 6HLVPLF$QDO\VLVIRU3ULPDU\&RQWDLQPHQW | ||
'U | 'U\ZHOO([SDQVLRQ*DS'HVLJQ$OORZDQFH | ||
'U | 'U\ZHOO0LVVLOH3URWHFWLRQ | ||
0DUN,&RQWDLQPHQW3URJUDP | 0DUN,&RQWDLQPHQW3URJUDP | ||
6XSSUHVVLRQ&KDPEHUWR'U | 6XSSUHVVLRQ&KDPEHUWR'U\ZHOO$OORZDEOH%\SDVV/HDNDJH | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW$X[LOLDU\6\VWHPV | ||
&RROLQJDQG9HQWLODWLRQ6 | &RROLQJDQG9HQWLODWLRQ6\VWHPV | ||
,VRODWLRQ6 | ,VRODWLRQ6\VWHP | ||
9HQWDQG9DFXXP5HOLHI6 | 9HQWDQG9DFXXP5HOLHI6\VWHP | ||
3HQHWUDWLRQV | 3HQHWUDWLRQV | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO | ||
'U | 'U\ZHOO7HPSHUDWXUH$QDO\VLVIRU'U\ZHOO:DOO7HPSHUDWXUH | ||
3RVW$FFLGHQW&RQWDLQPHQW0L[LQJ | 3RVW$FFLGHQW&RQWDLQPHQW0L[LQJ | ||
+DUG3LSH9HQW6 | +DUG3LSH9HQW6\VWHP | ||
,QVSHFWLRQDQG7HVWLQJ | ,QVSHFWLRQDQG7HVWLQJ | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW | ||
&RQWDLQPHQW3HQHWUDWLRQV | &RQWDLQPHQW3HQHWUDWLRQV | ||
| Line 185: | Line 185: | ||
3DJH | 3DJH | ||
&RQWDLQPHQW9HQWLODWLRQ6 | &RQWDLQPHQW9HQWLODWLRQ6\VWHP | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO | ||
7DEOH | 7DEOH | ||
3ULQFLSDO'HVLJQ3DUDPHWHUVRI3ULPDU | 3ULQFLSDO'HVLJQ3DUDPHWHUVRI3ULPDU\&RQWDLQPHQW | ||
7DEOH | 7DEOH | ||
(OHFWULFDO3HQHWUDWLRQ(QYLURQPHQWDO'HVLJQ&RQGLWLRQV | (OHFWULFDO3HQHWUDWLRQ(QYLURQPHQWDO'HVLJQ&RQGLWLRQV | ||
7DEOHD 0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV | 7DEOHD 0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV | ||
7DEOHE 3ULPDU | 7DEOHE 3ULPDU\&RQWDLQPHQW$XWRPDWLF,VRODWLRQ9DOYHV | ||
7DEOH | 7DEOH | ||
0D[LPXP&RQWDLQPHQW&RQGLWLRQVIRUD/RVVRI&RRODQW$FFLGHQW | 0D[LPXP&RQWDLQPHQW&RQGLWLRQVIRUD/RVVRI&RRODQW$FFLGHQW | ||
| Line 199: | Line 199: | ||
$VVXPSWLRQVIRUWKH/2&$&RQWDLQPHQW(YDOXDWLRQ | $VVXPSWLRQVIRUWKH/2&$&RQWDLQPHQW(YDOXDWLRQ | ||
7DEOH | 7DEOH | ||
'U | 'U\ZHOO7HPSHUDWXUH(QYHORSHVIRU6WHDP%UHDNV | ||
5.3 6HFRQGDU | 5.3 6HFRQGDU\&RQWDLQPHQW6\VWHPDQG5HDFWRU%XLOGLQJ | ||
*HQHUDO | *HQHUDO | ||
| Line 210: | Line 210: | ||
5HDFWRU%XLOGLQJ | 5HDFWRU%XLOGLQJ | ||
6HFRQGDU | 6HFRQGDU\&RQWDLQPHQW3HQHWUDWLRQV | ||
5HDFWRU%XLOGLQJ+HDWLQJDQG9HQWLODWLRQ6 | 5HDFWRU%XLOGLQJ+HDWLQJDQG9HQWLODWLRQ6\VWHPV | ||
6WDQGE | 6WDQGE\*DV7UHDWPHQW6\VWHP 6*76 | ||
3HUIRUPDQFH$QDO | 3HUIRUPDQFH$QDO\VLV | ||
,QVSHFWLRQDQG7HVWLQJ | ,QVSHFWLRQDQG7HVWLQJ | ||
| Line 223: | Line 223: | ||
)LJXUH | )LJXUH | ||
3UHVVXUH6XSSUHVVLRQ&RQWDLQPHQW6 | 3UHVVXUH6XSSUHVVLRQ&RQWDLQPHQW6\VWHP | ||
)LJXUH | )LJXUH | ||
7 | 7\SLFDO(OHFWULFDO3HQHWUDWLRQ$VVHPEO\&DQLVWHU | ||
)LJXUHD 0RGXODU(OHFWULFDO3HQHWUDWLRQ$VVHPEO | )LJXUHD 0RGXODU(OHFWULFDO3HQHWUDWLRQ$VVHPEO\ | ||
)LJXUH | )LJXUH | ||
&HQWHU6HFWLRQ/RZ9ROWDJH3RZHUDQG&RQWURO(OHFWULFDO | &HQWHU6HFWLRQ/RZ9ROWDJH3RZHUDQG&RQWURO(OHFWULFDO | ||
3HQHWUDWLRQ$VVHPEO | 3HQHWUDWLRQ$VVHPEO\ | ||
)LJXUH | )LJXUH | ||
&HQWHU6HFWLRQ6KLHOGHG6LJQDO&DEOH(OHFWULFDO3HQHWUDWLRQ | &HQWHU6HFWLRQ6KLHOGHG6LJQDO&DEOH(OHFWULFDO3HQHWUDWLRQ | ||
$VVHPEO | $VVHPEO\ | ||
)LJXUH | )LJXUH | ||
&HQWHU6HFWLRQ+LJK9ROWDJH3RZHU(OHFWULFDO3HQHWUDWLRQ | &HQWHU6HFWLRQ+LJK9ROWDJH3RZHU(OHFWULFDO3HQHWUDWLRQ | ||
$VVHPEO | $VVHPEO\ | ||
)LJXUHD (OHFWULFDO3HQHWUDWLRQ$VVHPEO | )LJXUHD (OHFWULFDO3HQHWUDWLRQ$VVHPEO\ 'U\ZHOO3HQHWUDWLRQV; | ||
; | ; | ||
| Line 252: | Line 252: | ||
3DJH | 3DJH | ||
)LJXUH | )LJXUH | ||
&HQWHU6HFWLRQ+RW)OXLG3LSLQJ3HQHWUDWLRQ$VVHPEO | &HQWHU6HFWLRQ+RW)OXLG3LSLQJ3HQHWUDWLRQ$VVHPEO\ | ||
)LJXUH | )LJXUH | ||
&HQWHU6HFWLRQ&ROG)OXLG3LSLQJ3HQHWUDWLRQ$VVHPEO | &HQWHU6HFWLRQ&ROG)OXLG3LSLQJ3HQHWUDWLRQ$VVHPEO\ | ||
)LJXUH | )LJXUH | ||
0DLQ6WHDP,VRODWLRQ9DOYHV | 0DLQ6WHDP,VRODWLRQ9DOYHV | ||
| Line 260: | Line 260: | ||
5HFLUFXODWLRQ/LQH%UHDN,OOXVWUDWLRQ | 5HFLUFXODWLRQ/LQH%UHDN,OOXVWUDWLRQ | ||
)LJXUHRD | )LJXUHRD | ||
'U | 'U\ZHOODQG:HWZHOO5HVSRQVH'%$/2&$6KRUW7HUP | ||
)LJXUHRE | )LJXUHRE | ||
'U | 'U\ZHOODQG:HWZHOO3UHVVXUH'%$/2&$/RQJ7HUP | ||
)LJXUHRF | )LJXUHRF | ||
'%$/2&$6KRUW7HUP$QDO | '%$/2&$6KRUW7HUP$QDO\VLV&RUH6SUD\3XPS136+ | ||
$YDLODEOH | $YDLODEOH | ||
)LJXUHRG | )LJXUHRG | ||
'%$/2&$/RQJ7HUP$QDO | '%$/2&$/RQJ7HUP$QDO\VLV&RUH6SUD\3XPS136+0DUJLQ | ||
)LJXUHS | )LJXUHS | ||
'U | 'U\ZHOO7HPSHUDWXUH5HVSRQVH | ||
)LJXUHT 6XSSUHVVLRQ3RRO7HPSHUDWXUH5HVSRQVH | )LJXUHT 6XSSUHVVLRQ3RRO7HPSHUDWXUH5HVSRQVH | ||
)LJXUH | )LJXUH | ||
(QHUJ | (QHUJ\5HTXLUHPHQWWR3HQHWUDWH'U\ZHOO | ||
)LJXUH | )LJXUH | ||
(OHYDWLRQ9LHZRI&RQWDLQPHQW | (OHYDWLRQ9LHZRI&RQWDLQPHQW | ||
| Line 282: | Line 282: | ||
)LJXUH | )LJXUH | ||
&DOFXODWHG5DQJHRI5HDFWRU%XLOGLQJ([ILOWUDWLRQ5DWHVDVD | &DOFXODWHG5DQJHRI5HDFWRU%XLOGLQJ([ILOWUDWLRQ5DWHVDVD | ||
)XQFWLRQRI:LQG9HORFLW | )XQFWLRQRI:LQG9HORFLW\ | ||
| Line 293: | Line 293: | ||
5.1 6XPPDU | 5.1 6XPPDU\'HVFULSWLRQ | ||
7KHFRQWDLQPHQWV | 7KHFRQWDLQPHQWV\VWHPVSURYLGHDPXOWLEDUULHUSUHVVXUHVXSSUHVVLRQFRQWDLQPHQW | ||
HPSOR | HPSOR\LQJFRQWDLQPHQWLQGHSWKSULQFLSOHVLQWKHGHVLJQ7KHIXHOFODGGLQJDQGUHDFWRU | ||
SUHVVXUHYHVVHOIRUPEDUULHUVWRWKHUHOHDVHRIILVVLRQSURGXFWVDQGDUHGHVFULEHGLQRWKHU | SUHVVXUHYHVVHOIRUPEDUULHUVWRWKHUHOHDVHRIILVVLRQSURGXFWVDQGDUHGHVFULEHGLQRWKHU | ||
VHFWLRQVRIWKLVUHSRUW7KLVVHFWLRQGHVFULEHVDFRQWDLQPHQWV | VHFWLRQVRIWKLVUHSRUW7KLVVHFWLRQGHVFULEHVDFRQWDLQPHQWV\VWHPZKLFKLVFRPSRVHGRI | ||
DSULPDU | DSULPDU\FRQWDLQPHQWDQGDVHFRQGDU\FRQWDLQPHQW | ||
7KHSULPDU | 7KHSULPDU\FRQWDLQPHQWFRQVLVWVRIDGU\ZHOOZKLFKHQFORVHVWKHUHDFWRUYHVVHODQG | ||
UHFLUFXODWLRQSXPSVDSUHVVXUHVXSSUHVVLRQFKDPEHUZKLFKVWRUHVDODUJHYROXPHRI | UHFLUFXODWLRQSXPSVDSUHVVXUHVXSSUHVVLRQFKDPEHUZKLFKVWRUHVDODUJHYROXPHRI | ||
ZDWHUDFRQQHFWLQJYHQWV | ZDWHUDFRQQHFWLQJYHQWV\VWHPEHWZHHQWKHGU\ZHOODQGWKHVXSSUHVVLRQFKDPEHUDQG | ||
LVRODWLRQYDOYHV | LVRODWLRQYDOYHV | ||
7KHVHFRQGDU | 7KHVHFRQGDU\FRQWDLQPHQWFRQVLVWVRI WKHSRUWLRQRIWKH5HDFWRU%XLOGLQJZKLFK | ||
HQFORVHVWKHSULPDU | HQFORVHVWKHSULPDU\FRQWDLQPHQWWKHUHIXHOLQJIDFLOLWLHVDQGPRVWRIWKHQXFOHDUVWHDP | ||
VXSSO | VXSSO\V\VWHP WKH6WDQGE\*DV7UHDWPHQW6\VWHPDQG WKHRIIJDVGLOXWLRQ | ||
VXEV | VXEV\VWHP'XULQJSHULRGVZKHQWKHSULPDU\FRQWDLQPHQWYHVVHOLVRSHQWKHVHFRQGDU\ | ||
FRQWDLQPHQWV | FRQWDLQPHQWV\VWHPSURYLGHVDOOFRQWDLQPHQWIXQFWLRQVZKHQFRQWDLQPHQWLVUHTXLUHG,Q | ||
DGGLWLRQWRWKH5HDFWRU%XLOGLQJSDVVLYHEDUULHUD6WDQGE | DGGLWLRQWRWKH5HDFWRU%XLOGLQJSDVVLYHEDUULHUD6WDQGE\*DV7UHDWPHQW6\VWHPFDQ | ||
DXWRPDWLFDOO | DXWRPDWLFDOO\RUPDQXDOO\H[KDXVWWKHEXLOGLQJDWPRVSKHUHYLDILOWHUVWRWKHRIIJDVGLOXWLRQ | ||
VXEV | VXEV\VWHPLQWKHRIIJDVVWDFN | ||
5.2 3ULPDU | 5.2 3ULPDU\&RQWDLQPHQW6\VWHP | ||
5.2.1 | 5.2.1 | ||
'HVLJQ&ULWHULD | 'HVLJQ&ULWHULD | ||
&RQWDLQPHQW6 | &RQWDLQPHQW6\VWHPV&ULWHULD | ||
7KHSULPDU | 7KHSULPDU\SHUIRUPDQFHREMHFWLYHVRIWKHSULPDU\FRQWDLQPHQWV\VWHPDUH | ||
D | D | ||
7RSURYLGHDEDUULHUZKLFKLQWKHHYHQWRIORVVRIFRRODQWDFFLGHQWFRQWUROVWKH | 7RSURYLGHDEDUULHUZKLFKLQWKHHYHQWRIORVVRIFRRODQWDFFLGHQWFRQWUROVWKH | ||
UHOHDVHRIILVVLRQSURGXFWVWRWKHVHFRQGDU | UHOHDVHRIILVVLRQSURGXFWVWRWKHVHFRQGDU\FRQWDLQPHQWDQG | ||
E | E | ||
7RUDSLGO | 7RUDSLGO\UHGXFHWKHSUHVVXUHLQWKHFRQWDLQPHQWUHVXOWLQJIURPWKH | ||
ORVVRIFRRODQWDFFLGHQW | ORVVRIFRRODQWDFFLGHQW | ||
| Line 332: | Line 332: | ||
7RDFKLHYHWKHVHREMHFWLYHVWKHSULPDU | 7RDFKLHYHWKHVHREMHFWLYHVWKHSULPDU\FRQWDLQPHQWV\VWHPZDVGHVLJQHGWRPHHW | ||
WKHIROORZLQJFULWHULD | WKHIROORZLQJFULWHULD | ||
0D[LPXP3UHVVXUHRI'U | 0D[LPXP3UHVVXUHRI'U\ZHOODQG | ||
3UHVVXUH6XSSUHVVLRQ&KDPEHU | 3UHVVXUH6XSSUHVVLRQ&KDPEHU | ||
SVLJ | SVLJ | ||
| Line 344: | Line 344: | ||
) | ) | ||
'HVLJQ/HDN5DWH | 'HVLJQ/HDN5DWH | ||
SHUFHQWSHUGD | SHUFHQWSHUGD\DWSVLJ | ||
SHUFHQWSHUGD | SHUFHQWSHUGD\SOXVVFIK | ||
0DLQ6WHDP3DWKZD | 0DLQ6WHDP3DWKZD\ 06,9 | ||
OHDNDJHDUHLQLWLDOO | OHDNDJHDUHLQLWLDOO\DVVXPHGIRU | ||
UDGLRORJLFDOHYDOXDWLRQV6HH | UDGLRORJLFDOHYDOXDWLRQV6HH | ||
6HFWLRQ | 6HFWLRQ | ||
| Line 359: | Line 359: | ||
$VVSHFLILHGLQ6HFWLRQDQG | $VVSHFLILHGLQ6HFWLRQDQG | ||
$SSHQGL[$ | $SSHQGL[$ | ||
7KHIUHHYROXPHRIWKHGU | 7KHIUHHYROXPHRIWKHGU\ZHOOZDVGLFWDWHGE\WKHVSDFHUHTXLUHGWRFRQWDLQWKH | ||
UHDFWRUYHVVHOWKHUHFLUFXODWLRQV | UHDFWRUYHVVHOWKHUHFLUFXODWLRQV\VWHPDQGQHFHVVDU\UHDFWRUDX[LOLDU\HTXLSPHQW | ||
7KHIUHHYROXPHRIWKHVXSSUHVVLRQFKDPEHUZDVGHWHUPLQHGIURPWKHGU | 7KHIUHHYROXPHRIWKHVXSSUHVVLRQFKDPEHUZDVGHWHUPLQHGIURPWKHGU\ZHOO | ||
YROXPHE | YROXPHE\XVLQJWKHUHVXOWVRIWKH%RGHJD%D\FRQWDLQPHQWWHVWVDVGLVFXVVHGLQ | ||
6HFWLRQ7KHVXSSUHVVLRQFKDPEHUZDWHUYROXPHZDVGHWHUPLQHGE | 6HFWLRQ7KHVXSSUHVVLRQFKDPEHUZDWHUYROXPHZDVGHWHUPLQHGE\WKH | ||
UHTXLUHGKHDWVLQNFDSDFLW | UHTXLUHGKHDWVLQNFDSDFLW\DVGHVFULEHGLQ6HFWLRQ7KHVHFRQVLGHUDWLRQV | ||
UHVXOWHGLQDFRQWDLQPHQWV | UHVXOWHGLQDFRQWDLQPHQWV\VWHPZLWKWKHIROORZLQJYROXPHV | ||
'HVLJQ)UHH9ROXPH | 'HVLJQ)UHH9ROXPH | ||
'U | 'U\ZHOO | ||
IW | IW | ||
3UHVVXUH6XSSUHVVLRQ&KDPEHU | 3UHVVXUH6XSSUHVVLRQ&KDPEHU | ||
| Line 394: | Line 394: | ||
7KHFRQWDLQPHQWGHVLJQDFFRXQWVIRUWKHSUHVVXUHVWUHVVHVDQGWKHZHLJKWRIWKH | 7KHFRQWDLQPHQWGHVLJQDFFRXQWVIRUWKHSUHVVXUHVWUHVVHVDQGWKHZHLJKWRIWKH | ||
PDVVLYHVWUXFWXUHVDQGODUJHHTXLSPHQW,WDOVRLQFOXGHVWKHUPDODQGK | PDVVLYHVWUXFWXUHVDQGODUJHHTXLSPHQW,WDOVRLQFOXGHVWKHUPDODQGK\GURG\QDPLF | ||
VWUHVVHVGXHWRWKHSRVWXODWHGORVVRIFRRODQWDFFLGHQW /2&$ DQGVDIHW | VWUHVVHVGXHWRWKHSRVWXODWHGORVVRIFRRODQWDFFLGHQW /2&$ DQGVDIHW\UHOLHIYDOYH | ||
RSHUDWLRQVVLPXOWDQHRXVVHLVPLFVWUHVVHVLQDFFRUGDQFHZLWKWKHVHLVPLFFULWHULD | RSHUDWLRQVVLPXOWDQHRXVVHLVPLFVWUHVVHVLQDFFRUGDQFHZLWKWKHVHLVPLFFULWHULD | ||
OLVWHGLQ6HFWLRQDQGLPSDFWORDGVIURPPLVVLOHVDQGMHWIRUFHVGXHWRUHDFWLRQV | OLVWHGLQ6HFWLRQDQGLPSDFWORDGVIURPPLVVLOHVDQGMHWIRUFHVGXHWRUHDFWLRQV | ||
IURPSRVWXODWHGEUHDNVLQSUHVVXUL]HGSLSHV)RUDGGLWLRQDOWHFKQLFDOLQIRUPDWLRQRQ | IURPSRVWXODWHGEUHDNVLQSUHVVXUL]HGSLSHV)RUDGGLWLRQDOWHFKQLFDOLQIRUPDWLRQRQ | ||
WKHGHVLJQRIWKLVFRQWDLQPHQWYHVVHOVHH$SSHQGL[)DQGWKH0RQWLFHOOR0DUN, | WKHGHVLJQRIWKLVFRQWDLQPHQWYHVVHOVHH$SSHQGL[)DQGWKH0RQWLFHOOR0DUN, | ||
&RQWDLQPHQW/RQJ7HUP3URJUDP3ODQW8QLTXH$QDO | &RQWDLQPHQW/RQJ7HUP3URJUDP3ODQW8QLTXH$QDO\VLV5HSRUWV 5HIHUHQFHDQG | ||
&RQWDLQPHQW$X[LOLDU | &RQWDLQPHQW$X[LOLDU\6\VWHPV&ULWHULD | ||
&RROLQJDQG9HQWLODWLRQ6 | &RROLQJDQG9HQWLODWLRQ6\VWHP | ||
7KHSULPDU | 7KHSULPDU\FRQWDLQPHQWFRROLQJDQGYHQWLODWLRQV\VWHPFRQVLVWVRIIRXUDLUFRROHUV | ||
GXFWZRUNIDQVDQGFRQWUROVZKLFKPDLQWDLQWKHGU | GXFWZRUNIDQVDQGFRQWUROVZKLFKPDLQWDLQWKHGU\ZHOODWPRVSKHUHEHORZD) | ||
EXONDYHUDJHWHPSHUDWXUH7KH | EXONDYHUDJHWHPSHUDWXUH7KH\UHGXFHDLUWHPSHUDWXUHWR)LQWRKRXUV | ||
DIWHUVKXWGRZQ7KHGU | DIWHUVKXWGRZQ7KHGU\ZHOODWPRVSKHUHLVFLUFXODWHGWKURXJKWKHGU\ZHOOE\WKH | ||
FRROHUIDQVDQGWKHUHDFWRUEXLOGLQJFORVHGFRROLQJZDWHUV | FRROHUIDQVDQGWKHUHDFWRUEXLOGLQJFORVHGFRROLQJZDWHUV\VWHPLVHPSOR\HGWR | ||
UHPRYHKHDWIURPWKHDLUFRROHUV | UHPRYHKHDWIURPWKHDLUFRROHUV | ||
,VRODWLRQ6 | ,VRODWLRQ6\VWHP | ||
2QHRIWKHEDVLFSXUSRVHVRIWKHSULPDU | 2QHRIWKHEDVLFSXUSRVHVRIWKHSULPDU\FRQWDLQPHQWV\VWHPLVWRSURYLGHD | ||
PLQLPXPRIRQHSURWHFWLYHEDUULHUEHWZHHQWKHUHDFWRUFRUHDQGWKHHQYLURQPHQWDO | PLQLPXPRIRQHSURWHFWLYHEDUULHUEHWZHHQWKHUHDFWRUFRUHDQGWKHHQYLURQPHQWDO | ||
VXUURXQGLQJVVXEVHTXHQWWRDQDFFLGHQWLQYROYLQJIDLOXUHRIWKHSLSLQJFRPSRQHQWVRI | VXUURXQGLQJVVXEVHTXHQWWRDQDFFLGHQWLQYROYLQJIDLOXUHRIWKHSLSLQJFRPSRQHQWVRI | ||
WKHUHDFWRUSULPDU | WKHUHDFWRUSULPDU\V\VWHP7RIXOILOOLWVUROHDVDEDUULHUWKHSULPDU\FRQWDLQPHQWLV | ||
GHVLJQHGWRUHPDLQLQWDFWEHIRUHGXULQJDQGDIWHUDQ | GHVLJQHGWRUHPDLQLQWDFWEHIRUHGXULQJDQGDIWHUDQ\GHVLJQEDVLVDFFLGHQWRIWKH | ||
SURFHVVV | SURFHVVV\VWHPLQVWDOOHGHLWKHULQVLGHRURXWVLGHWKHSULPDU\FRQWDLQPHQW7KH | ||
SURFHVVV | SURFHVVV\VWHPDQGWKHSULPDU\FRQWDLQPHQWDUHFRQVLGHUHGDVVHSDUDWHV\VWHPV | ||
EXWZKHUHSURFHVVOLQHVSHQHWUDWHWKHFRQWDLQPHQWWKHSHQHWUDWLRQGHVLJQDFKLHYHV | EXWZKHUHSURFHVVOLQHVSHQHWUDWHWKHFRQWDLQPHQWWKHSHQHWUDWLRQGHVLJQDFKLHYHV | ||
WKHVDPHLQWHJULW | WKHVDPHLQWHJULW\DVWKHSULPDU\FRQWDLQPHQWVWUXFWXUHLWVHOI7KHSURFHVVOLQH | ||
LVRODWLRQYDOYHVDUHGHVLJQHGWRDFKLHYHWKHFRQWDLQPHQWIXQFWLRQLQVLGHWKHSURFHVV | LVRODWLRQYDOYHVDUHGHVLJQHGWRDFKLHYHWKHFRQWDLQPHQWIXQFWLRQLQVLGHWKHSURFHVV | ||
OLQHVZKHQUHTXLUHG | OLQHVZKHQUHTXLUHG | ||
| Line 428: | Line 428: | ||
SHQHWUDWLRQVDUHDVIROORZV | SHQHWUDWLRQVDUHDVIROORZV | ||
D | D | ||
3LSHVRUGXFWVZKLFKSHQHWUDWHWKHSULPDU | 3LSHVRUGXFWVZKLFKSHQHWUDWHWKHSULPDU\FRQWDLQPHQWDQGWKDWFRQQHFWWR | ||
WKHUHDFWRUSULPDU | WKHUHDFWRUSULPDU\V\VWHPRUDUHRSHQWRWKHGU\ZHOOIUHHDLUVSDFHDUH | ||
SURYLGHGZLWKDWOHDVWWZRLVRODWLRQYDOYHVLQVHULHV | SURYLGHGZLWKDWOHDVWWZRLVRODWLRQYDOYHVLQVHULHV | ||
9DOYHVLQWKLVFDWHJRU | 9DOYHVLQWKLVFDWHJRU\DUHFDSDEOHRIUHPRWHPDQXDODFWXDWLRQIURPWKH | ||
PDLQFRQWUROURRPDQGDUHGHVLJQHGWRFORVHDXWRPDWLFDOO | PDLQFRQWUROURRPDQGDUHGHVLJQHGWRFORVHDXWRPDWLFDOO\IURPVHOHFWHG | ||
VLJQDOVRUDUHGHDFWLYDWHGDQGVHFXUHGLQWKHLUFORVHGSRVLWLRQDWUHDFWRU | VLJQDOVRUDUHGHDFWLYDWHGDQGVHFXUHGLQWKHLUFORVHGSRVLWLRQDWUHDFWRU | ||
FRRODQWWHPSHUDWXUHVJUHDWHUWKDQ) | FRRODQWWHPSHUDWXUHVJUHDWHUWKDQ) | ||
2QOLQHVFRQQHFWLQJWRWKHUHDFWRUSULPDU | 2QOLQHVFRQQHFWLQJWRWKHUHDFWRUSULPDU\V\VWHPRQHYDOYHLVORFDWHGLQVLGH | ||
WKHSULPDU | WKHSULPDU\FRQWDLQPHQWDQGWKHVHFRQGRXWVLGHWKHSULPDU\FRQWDLQPHQWDV | ||
FORVHWRWKHSULPDU | FORVHWRWKHSULPDU\FRQWDLQPHQWDVSUDFWLFDO | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 448: | Line 448: | ||
E | E | ||
/LQHVWKDWSHQHWUDWHWKHSULPDU | /LQHVWKDWSHQHWUDWHWKHSULPDU\FRQWDLQPHQWDQGQHLWKHUFRQQHFWWRWKH | ||
UHDFWRUSULPDU | UHDFWRUSULPDU\V\VWHPQRURSHQLQWRWKHSULPDU\FRQWDLQPHQWDUHSURYLGHG | ||
ZLWKDWOHDVWRQHYDOYHWKDWLVORFDWHGRXWVLGHWKHSULPDU | ZLWKDWOHDVWRQHYDOYHWKDWLVORFDWHGRXWVLGHWKHSULPDU\FRQWDLQPHQW | ||
3URFHVVOLQHVLQWKLVFDWHJRU | 3URFHVVOLQHVLQWKLVFDWHJRU\DUHSURYLGHGZLWKYDOYHVFDSDEOHRIUHPRWH | ||
DFWXDWLRQIURPWKHFRQWUROURRPYDOYHVWKDWFORVHDXWRPDWLFDOO | DFWXDWLRQIURPWKHFRQWUROURRPYDOYHVWKDWFORVHDXWRPDWLFDOO\E\SURFHVV | ||
DFWLRQRUE | DFWLRQRUE\DGPLQLVWUDWLYHO\FRQWUROOHGPDQXDOLVRODWLRQYDOYHVWKDWDUH | ||
FORVHGZKHQSULPDU | FORVHGZKHQSULPDU\FRQWDLQPHQWLVUHTXLUHG | ||
F | F | ||
0RWLYHSRZHUIRUWKHYDOYHVRQSURFHVVOLQHVWKDWUHTXLUHWZRYDOYHVLVIURP | 0RWLYHSRZHUIRUWKHYDOYHVRQSURFHVVOLQHVWKDWUHTXLUHWZRYDOYHVLVIURP | ||
SK | SK\VLFDOO\LQGHSHQGHQWVRXUFHVWRSURYLGHDKLJKSUREDELOLW\WKDWQRVLQJOH | ||
DFFLGHQWDOHYHQWFRXOGLQWHUUXSWPRWLYHSRZHUWRERWKFORVXUHGHYLFHV/RVV | DFFLGHQWDOHYHQWFRXOGLQWHUUXSWPRWLYHSRZHUWRERWKFORVXUHGHYLFHV/RVV | ||
RIYDOYHDFWXDWLRQSRZHULVGHWHFWHGDQGDQQXQFLDWHG | RIYDOYHDFWXDWLRQSRZHULVGHWHFWHGDQGDQQXQFLDWHG | ||
G | G | ||
0DLQVWHDPOLQHLVRODWLRQYDOYHFORVXUHWLPHLVVXFKWKDWIRUDQ | 0DLQVWHDPOLQHLVRODWLRQYDOYHFORVXUHWLPHLVVXFKWKDWIRUDQ\GHVLJQEDVLV | ||
EUHDNWKHFRRODQWORVVLVUHVWULFWHGVRWKDWWKHUHDFWRUFRUHZRXOGQRWEH | EUHDNWKHFRRODQWORVVLVUHVWULFWHGVRWKDWWKHUHDFWRUFRUHZRXOGQRWEH | ||
XQFRYHUHG7KHVHYDOYHVPXVWFORVHVORZO | XQFRYHUHG7KHVHYDOYHVPXVWFORVHVORZO\HQRXJKVXFKWKDWFORVXUHGRHV | ||
QRWLQGXFHWUDQVLHQWVPRUHVHYHUHWKDQDWXUELQHVWRSYDOYHFORVXUH | QRWLQGXFHWUDQVLHQWVPRUHVHYHUHWKDQDWXUELQHVWRSYDOYHFORVXUH | ||
H | H | ||
9DOYHVVHQVRUVDQGRWKHUDXWRPDWLFGHYLFHVHVVHQWLDOWRWKHLVRODWLRQRIWKH | 9DOYHVVHQVRUVDQGRWKHUDXWRPDWLFGHYLFHVHVVHQWLDOWRWKHLVRODWLRQRIWKH | ||
FRQWDLQPHQWDUHSURYLGHGZLWKPHDQVWRSHULRGLFDOO | FRQWDLQPHQWDUHSURYLGHGZLWKPHDQVWRSHULRGLFDOO\WHVWWKHIXQFWLRQDO | ||
SHUIRUPDQFHRIWKHHTXLSPHQW6XFKWHVWVLQFOXGHGHPRQVWUDWLRQRISURSHU | SHUIRUPDQFHRIWKHHTXLSPHQW6XFKWHVWVLQFOXGHGHPRQVWUDWLRQRISURSHU | ||
ZRUNLQJFRQGLWLRQVFRUUHFWVHWSRLQWRIVHQVRUVSURSHUVSHHGRIUHVSRQVHV | ZRUNLQJFRQGLWLRQVFRUUHFWVHWSRLQWRIVHQVRUVSURSHUVSHHGRIUHVSRQVHV | ||
DQGRSHUDELOLW | DQGRSHUDELOLW\RIIDLOVDIHIHDWXUHV | ||
7KHIROORZLQJDUHH[FHSWLRQVWRWKHDERYHLVRODWLRQYDOYHFULWHULD | 7KHIROORZLQJDUHH[FHSWLRQVWRWKHDERYHLVRODWLRQYDOYHFULWHULD | ||
D | D | ||
$XWRPDWLFLVRODWLRQYDOYHVLQWKHXVXDOVHQVHDUHQRWXVHGRQLQOHWOLQHVRI | $XWRPDWLFLVRODWLRQYDOYHVLQWKHXVXDOVHQVHDUHQRWXVHGRQLQOHWOLQHVRI | ||
WKHUHDFWRUFRUHDQGFRQWDLQPHQWFRROLQJV | WKHUHDFWRUFRUHDQGFRQWDLQPHQWFRROLQJV\VWHPVDQGUHDFWRUIHHGZDWHU | ||
V | V\VWHPVVLQFHRSHUDWLRQRIWKHVHV\VWHPVLVHVVHQWLDOIROORZLQJDGHVLJQ | ||
ORVVRIFRRODQWDFFLGHQW6LQFHQRUPDOIORZRIZDWHULQWKHVHV | ORVVRIFRRODQWDFFLGHQW6LQFHQRUPDOIORZRIZDWHULQWKHVHV\VWHPVLV | ||
LQZDUGWRWKHUHDFWRUYHVVHORUWRWKHSULPDU | LQZDUGWRWKHUHDFWRUYHVVHORUWRWKHSULPDU\FRQWDLQPHQWFRQWDLQPHQW | ||
LVRODWLRQLVDFFRPSOLVKHGE | LVRODWLRQLVDFFRPSOLVKHGE\FKHFNYDOYHVDQGRUPDQXDOO\FRQWUROOHGSRZHU | ||
RSHUDWHGYDOYHV,QWKRVHFDVHVZKHUHWZRPDQXDOO | RSHUDWHGYDOYHV,QWKRVHFDVHVZKHUHWZRPDQXDOO\FRQWUROOHGSRZHU | ||
RSHUDWHGYDOYHVDUHXVHGIRUDSURFHVVOLQHERWKPD | RSHUDWHGYDOYHVDUHXVHGIRUDSURFHVVOLQHERWKPD\KDYHWKHVDPHSRZHU | ||
VXSSO | VXSSO\DQGEHORFDWHGRXWVLGHRIWKHFRQWDLQPHQWSHQHWUDWLRQ$WOHDVWRQHRI | ||
WKHVHSRZHURSHUDWHGYDOYHVLVQRUPDOO | WKHVHSRZHURSHUDWHGYDOYHVLVQRUPDOO\FORVHG | ||
E | E | ||
1RDXWRPDWLFLVRODWLRQYDOYHVDUHSURYLGHGRQWKHFRQWUROURGGULYHV | 1RDXWRPDWLFLVRODWLRQYDOYHVDUHSURYLGHGRQWKHFRQWUROURGGULYHV\VWHP | ||
K | K\GUDXOLFOLQHV7KHVHOLQHVDUHLVRODWHGE\WKHQRUPDOO\FORVHGK\GUDXOLF | ||
V | V\VWHPGLUHFWLRQDOFRQWUROYDOYHVVFUDPGLVFKDUJHYHQWDQGGUDLQYDOYHV | ||
FKDUJLQJDQGFRROLQJZDWHUFKHFNYDOYHVORFDWHGLQWKHUHDFWRUEXLOGLQJDQG | FKDUJLQJDQGFRROLQJZDWHUFKHFNYDOYHVORFDWHGLQWKHUHDFWRUEXLOGLQJDQG | ||
E | E\EDOOFKHFNYDOYHVDQGGRXEOHVHDOVZLWKLQHDFKK\GUDXOLFFRQWUROXQLW | ||
F | F | ||
7,3LVRODWLRQYDOYHVDQGVPDOOGLDPHWHULQVWUXPHQWOLQHV | 7,3LVRODWLRQYDOYHVDQGVPDOOGLDPHWHULQVWUXPHQWOLQHV | ||
G | G | ||
1RDXWRPDWLFLVRODWLRQYDOYHVDUHSURYLGHGRQWKH+DUG3LSH9HQW/LQH7KLV | 1RDXWRPDWLFLVRODWLRQYDOYHVDUHSURYLGHGRQWKH+DUG3LSH9HQW/LQH7KLV | ||
OLQHLVLVRODWHGE | OLQHLVLVRODWHGE\YDOYHVLQWKH³QRUPDOO\FORVHG'SRVLWLRQZLWKWKHLUSQHXPDWLF | ||
VRXUFHLVRODWHG | VRXUFHLVRODWHG | ||
| Line 506: | Line 506: | ||
H | H | ||
$FRQWDLQPHQWLVRODWLRQFKHFNYDOYHDFWVDVDWKHUPDOSUHVVXUHUHOLHYLQJ | $FRQWDLQPHQWLVRODWLRQFKHFNYDOYHDFWVDVDWKHUPDOSUHVVXUHUHOLHYLQJ | ||
GHYLFHWRWKH5+56KXWGRZQ&RROLQJ3ULPDU | GHYLFHWRWKH5+56KXWGRZQ&RROLQJ3ULPDU\&RQWDLQPHQW3LSLQJ | ||
3HQHWUDWLRQ 6'&/ VRWKHSHQHWUDWLRQFDQZLWKVWDQGGU | 3HQHWUDWLRQ 6'&/ VRWKHSHQHWUDWLRQFDQZLWKVWDQGGU\ZHOOKHDWXSGXULQJ | ||
D/2&$7KHFKHFNYDOYHUHOLHYHVWKHUPDOSUHVVXUHEHWZHHQWKH | D/2&$7KHFKHFNYDOYHUHOLHYHVWKHUPDOSUHVVXUHEHWZHHQWKH | ||
FRQWDLQPHQWLVRODWLRQYDOYHVRIWKH6'&/DQGGLVFKDUJHVWRWKH$5+5 | FRQWDLQPHQWLVRODWLRQYDOYHVRIWKH6'&/DQGGLVFKDUJHVWRWKH$5+5 | ||
LQMHFWLRQSHQHWUDWLRQZKHUHWKHGLVFKDUJHLVGLUHFWHGEDFNWRWKHYHVVHO | LQMHFWLRQSHQHWUDWLRQZKHUHWKHGLVFKDUJHLVGLUHFWHGEDFNWRWKHYHVVHO | ||
15&*HQHULF/HWWHU 5HIHUHQFHVDQG LQFOXGHGDUHTXHVWIRU | 15&*HQHULF/HWWHU 5HIHUHQFHVDQG LQFOXGHGDUHTXHVWIRU | ||
LQIRUPDWLRQUHODWLYHWRWKHUPDOO | LQIRUPDWLRQUHODWLYHWRWKHUPDOO\LQGXFHGRYHUSUHVVXUL]DWLRQRILVRODWHGZDWHUILOOHG | ||
SLSLQJVHFWLRQVLQWKHFRQWDLQPHQW$QHYDOXDWLRQRIWKHDSSOLFDEOHSLSLQJ | SLSLQJVHFWLRQVLQWKHFRQWDLQPHQW$QHYDOXDWLRQRIWKHDSSOLFDEOHSLSLQJ | ||
FRQILJXUDWLRQVZDVSHUIRUPHGDQGSUHVVXUHUHOLHIGHYLFHVRSHUDWLQJSURFHGXUHVRU | FRQILJXUDWLRQVZDVSHUIRUPHGDQGSUHVVXUHUHOLHIGHYLFHVRSHUDWLQJSURFHGXUHVRU | ||
E | E\SDVVIHDWXUHVZHUHLGHQWLILHGLQWKRVHLQVWDQFHVZKHUHKHDWXSRIWKHVHSLSH | ||
VHFWLRQVFRXOGUHVXOWLQH[FHHGLQJGHVLJQDOORZDEOHV'HVFULSWLRQVRIWKHVHDFWLRQV | VHFWLRQVFRXOGUHVXOWLQH[FHHGLQJGHVLJQDOORZDEOHV'HVFULSWLRQVRIWKHVHDFWLRQV | ||
ZHUHVXEPLWWHGWRWKH15&IRUUHYLHZ7KH15&GHWHUPLQHGWKDWWKHHYDOXDWLRQDQG | ZHUHVXEPLWWHGWRWKH15&IRUUHYLHZ7KH15&GHWHUPLQHGWKDWWKHHYDOXDWLRQDQG | ||
| Line 521: | Line 521: | ||
/HWWHU LVVXHFORVHGIRU0RQWLFHOOR 5HIHUHQFH 7KH15&UHYLHZHGWKH | /HWWHU LVVXHFORVHGIRU0RQWLFHOOR 5HIHUHQFH 7KH15&UHYLHZHGWKH | ||
LPSDFWRIRSHUDWLRQXSWR0:WRQWKHUHTXLUHPHQWVRI*HQHULF/HWWHU | LPSDFWRIRSHUDWLRQXSWR0:WRQWKHUHTXLUHPHQWVRI*HQHULF/HWWHU | ||
7KHUHVSRQVHVSUHYLRXVO | 7KHUHVSRQVHVSUHYLRXVO\SURYLGHGZHUHQRWLPSDFWHGE\RSHUDWLRQXSWR0:W | ||
5HIHUHQFHDQG | 5HIHUHQFHDQG | ||
9HQWDQG9DFXXP5HOLHI6 | 9HQWDQG9DFXXP5HOLHI6\VWHP | ||
7KHYHQWDQGYDFXXPUHOLHIV | 7KHYHQWDQGYDFXXPUHOLHIV\VWHPLVGHVLJQHGWROLPLWWKHQHJDWLYHSUHVVXUHLQ | ||
HLWKHUWKHVXSSUHVVLRQFKDPEHURUWKHGU | HLWKHUWKHVXSSUHVVLRQFKDPEHURUWKHGU\ZHOOWROHVVWKDQWKHGHVLJQSUHVVXUHRI | ||
SVLG7ZRYDFXXPEUHDNHUVLQVHULHVDUHXVHGLQHDFKRIWZRODUJHYHQWOLQHV | SVLG7ZRYDFXXPEUHDNHUVLQVHULHVDUHXVHGLQHDFKRIWZRODUJHYHQWOLQHV | ||
ZKLFKSHUPLWDLUWRIORZIURPWKHUHDFWRUEXLOGLQJWRWKHVXSSUHVVLRQFKDPEHU | ZKLFKSHUPLWDLUWRIORZIURPWKHUHDFWRUEXLOGLQJWRWKHVXSSUHVVLRQFKDPEHU | ||
| Line 533: | Line 533: | ||
IORZFRQGLWLRQV(DFKRIWKHUHDFWRUEXLOGLQJWRVXSSUHVVLRQFKDPEHUOLQHVFRQWDLQV | IORZFRQGLWLRQV(DFKRIWKHUHDFWRUEXLOGLQJWRVXSSUHVVLRQFKDPEHUOLQHVFRQWDLQV | ||
WZRYDOYHVLQVHULHVHDFKUDWHGDWSVLGLIIHUHQWLDOSUHVVXUH SVLGWRWDO (DFK | WZRYDOYHVLQVHULHVHDFKUDWHGDWSVLGLIIHUHQWLDOSUHVVXUH SVLGWRWDO (DFK | ||
RIWKHVHWZRSDUDOOHOOLQHVZDVVL]HGIRUUHTXLUHPHQWVLQRUGHUWRSURYLGHIXOO | RIWKHVHWZRSDUDOOHOOLQHVZDVVL]HGIRUUHTXLUHPHQWVLQRUGHUWRSURYLGHIXOO\ | ||
UHGXQGDQWFDSDFLW | UHGXQGDQWFDSDFLW\ | ||
7KHVXSSUHVVLRQFKDPEHUWRGU | 7KHVXSSUHVVLRQFKDPEHUWRGU\ZHOOYDFXXPEUHDNHUYDOYHVSHUPLWJDVHVWRIORZ | ||
IURPWKHSUHVVXUHVXSSUHVVLRQFKDPEHUWRWKHGU | IURPWKHSUHVVXUHVXSSUHVVLRQFKDPEHUWRWKHGU\ZHOO(LJKWLQYDOYHVDUHXVHG | ||
LQSDUDOOHO7KHVHYDOYHVDUHVL]HGRQWKHUHVXOWVRIWKH%RGHJD%D | LQSDUDOOHO7KHVHYDOYHVDUHVL]HGRQWKHUHVXOWVRIWKH%RGHJD%D\SUHVVXUH | ||
VXSSUHVVLRQV | VXSSUHVVLRQV\VWHPWHVWV7KHLUFKLHISXUSRVHLVWRSUHYHQWH[FHVVLYHZDWHUOHYHO | ||
YDULDWLRQLQWKHGRZQFRPHUVVXEPHUJHGLQVXSSUHVVLRQSRROZDWHU7KH%RGHJD | YDULDWLRQLQWKHGRZQFRPHUVVXEPHUJHGLQVXSSUHVVLRQSRROZDWHU7KH%RGHJD | ||
%D | %D\WHVWVUHJDUGLQJYDFXXPEUHDNHUVL]LQJZHUHFRQGXFWHGE\VLPXODWLQJDVPDOO | ||
V | V\VWHPUXSWXUHZKLFKWHQGHGWRFDXVHGRZQFRPHUZDWHUOHYHOYDULDWLRQDVD | ||
SUHOLPLQDU | SUHOLPLQDU\VWHSLQWKHODUJHUXSWXUHWHVWVHTXHQFH7KHYDFXXPEUHDNHUFDSDFLW\ | ||
VHOHFWHGRQWKLVWHVWEDVLVLVPRUHWKDQDGHTXDWHWROLPLWWKHSUHVVXUHGLIIHUHQWLDO | VHOHFWHGRQWKLVWHVWEDVLVLVPRUHWKDQDGHTXDWHWROLPLWWKHSUHVVXUHGLIIHUHQWLDO | ||
EHWZHHQWKHVXSSUHVVLRQFKDPEHUDQGGU | EHWZHHQWKHVXSSUHVVLRQFKDPEHUDQGGU\ZHOOGXULQJSRVWDFFLGHQWGU\ZHOOFRROLQJ | ||
2QHRIWKHWDVNVRIWKH0DUN,&RQWDLQPHQW3URJUDPZDVWRGHYHORSPHWKRGVZKLFK | 2QHRIWKHWDVNVRIWKH0DUN,&RQWDLQPHQW3URJUDPZDVWRGHYHORSPHWKRGVZKLFK | ||
FRXOGEHXVHGIRUGHWHUPLQLQJWKHSODQWXQLTXHYDFXXPEUHDNHUF | FRXOGEHXVHGIRUGHWHUPLQLQJWKHSODQWXQLTXHYDFXXPEUHDNHUF\FOLFUHVSRQVHDV | ||
ZHOODVWKHQHFHVVDU | ZHOODVWKHQHFHVVDU\VL]HWRPHHWYDULRXVGHVLJQFRQGLWLRQVIRUZKLFKWKHYDFXXP | ||
EUHDNHUPXVWIXQFWLRQ 5HIHUHQFH $QDQDO | EUHDNHUPXVWIXQFWLRQ 5HIHUHQFH $QDQDO\VLVRIWKH0RQWLFHOORGU\ZHOOQHJDWLYH | ||
SUHVVXUHUHTXLUHPHQWVZDVSHUIRUPHGE | SUHVVXUHUHTXLUHPHQWVZDVSHUIRUPHGE\187(&+XVLQJWKHFRPSXWHUSURJUDP | ||
GHYHORSHGE | GHYHORSHGE\*HQHUDO(OHFWULF&RPSDQ\DVSDUWRIWKLVWDVN7KHLQWHQWRIWKH | ||
SODQWXQLTXHDQDO | SODQWXQLTXHDQDO\VLVZDVWRFRQILUPWKHDGHTXDF\RIWKHV\VWHPZKLFKFRQVLVWHGRI | ||
YDFXXPEUHDNHUV7KLVDQDO | YDFXXPEUHDNHUV7KLVDQDO\VLVGHPRQVWUDWHGWKDWWKHFDSDFLW\RIVL[GU\ZHOO | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 563: | Line 563: | ||
YDFXXPUHOLHIYDOYHVZRXOGEHVXIILFLHQWWROLPLWWKHSUHVVXUHGLIIHUHQWLDOEHWZHHQWKH | YDFXXPUHOLHIYDOYHVZRXOGEHVXIILFLHQWWROLPLWWKHSUHVVXUHGLIIHUHQWLDOEHWZHHQWKH | ||
VXSSUHVVLRQFKDPEHUDQGGU | VXSSUHVVLRQFKDPEHUDQGGU\ZHOOWROHVVWKDQWKHGHVLJQOLPLWRISVLHYHQLIERWK | ||
GU | GU\ZHOOVSUD\ORRSVDFWXDWHGVLPXOWDQHRXVO\IROORZLQJD/2&$,IRQO\RQHVSUD\ | ||
ORRSLVDFWXDWHGWKUHHYDFXXPEUHDNHUVDUHVXIILFLHQW'HWDLOVRIWKHDQDO | ORRSLVDFWXDWHGWKUHHYDFXXPEUHDNHUVDUHVXIILFLHQW'HWDLOVRIWKHDQDO\VLVDQG | ||
UHVXOWVDUHJLYHQLQ5HIHUHQFH | UHVXOWVDUHJLYHQLQ5HIHUHQFH | ||
'XULQJWKH UHIXHOLQJRXWDJHDQXPEHURIPRGLILFDWLRQVZHUHPDGHWRWKH | 'XULQJWKH UHIXHOLQJRXWDJHDQXPEHURIPRGLILFDWLRQVZHUHPDGHWRWKH | ||
SUHVVXUHVXSSUHVVLRQV | SUHVVXUHVXSSUHVVLRQV\VWHPWRDGGUHVVJHQHULF0DUN,3URJUDPFRQFOXVLRQV2QH | ||
RIWKHVHPRGLILFDWLRQVLQYROYHGUHPRYDORIWZRYDFXXPEUHDNHUVDQGLQVWDOODWLRQRI | RIWKHVHPRGLILFDWLRQVLQYROYHGUHPRYDORIWZRYDFXXPEUHDNHUVDQGLQVWDOODWLRQRI | ||
EOLQGIODQJHVRQWKHLUYHQWKHDGHUSHQHWUDWLRQV/LFHQVH$PHQGPHQWDSSURYHG | EOLQGIODQJHVRQWKHLUYHQWKHDGHUSHQHWUDWLRQV/LFHQVH$PHQGPHQWDSSURYHG | ||
7HFKQLFDO6SHFLILFDWLRQFKDQJHVZKLFKUHIOHFWHGWKHUHGXFWLRQWRYDFXXPEUHDNHUV | 7HFKQLFDO6SHFLILFDWLRQFKDQJHVZKLFKUHIOHFWHGWKHUHGXFWLRQWRYDFXXPEUHDNHUV | ||
'XULQJWKHVWHDPFRQGHQVDWLRQWHVWLQJSHUIRUPHGLQWKH0DUN,&RQWDLQPHQW | 'XULQJWKHVWHDPFRQGHQVDWLRQWHVWLQJSHUIRUPHGLQWKH0DUN,&RQWDLQPHQW | ||
3URJUDP)XOO6FDOH7HVW)DFLOLW | 3URJUDP)XOO6FDOH7HVW)DFLOLW\WKHYDFXXPEUHDNHUVZHUHVXEMHFWHGWRF\FOLQJ | ||
GXULQJWKHFKXJJLQJSKDVHRIWKHWHVWV7KLVF | GXULQJWKHFKXJJLQJSKDVHRIWKHWHVWV7KLVF\FOLFLPSDFWRIWKHYDOYHSDOOHWRQWKH | ||
VHDWKDGQRWEHHQVSHFLILFDOO | VHDWKDGQRWEHHQVSHFLILFDOO\LQFOXGHGLQWKHYDFXXPEUHDNHUGHVLJQUHTXLUHPHQWV | ||
7KH/RQJ7HUP0DUN,&RQWDLQPHQW3URJUDPDGGHGWDVNVWRTXDQWLI | 7KH/RQJ7HUP0DUN,&RQWDLQPHQW3URJUDPDGGHGWDVNVWRTXDQWLI\WKHHIIHFWV | ||
IURPYDOYHF | IURPYDOYHF\FOLQJDQGWRUHVSRQGWR*HQHULF/HWWHU 5HIHUHQFH 7KH | ||
0RQWLFHOORYDFXXPEUHDNHUVZHUHHYDOXDWHGIRUWKHVHORDGLQJFRQGLWLRQV | 0RQWLFHOORYDFXXPEUHDNHUVZHUHHYDOXDWHGIRUWKHVHORDGLQJFRQGLWLRQV | ||
5HIHUHQFH DQGPRGLILFDWLRQVZHUHLPSOHPHQWHGE | 5HIHUHQFH DQGPRGLILFDWLRQVZHUHLPSOHPHQWHGE\XWLOL]LQJKLJKHUVWUHQJWK | ||
PDWHULDOVIRUFHUWDLQYDOYHFRPSRQHQWVDVGHVFULEHGLQGHWDLOLQ5HIHUHQFH7KH | PDWHULDOVIRUFHUWDLQYDOYHFRPSRQHQWVDVGHVFULEHGLQGHWDLOLQ5HIHUHQFH7KH | ||
HYDOXDWLRQPHWKRGRORJ | HYDOXDWLRQPHWKRGRORJ\DQGLWVDSSOLFDWLRQWRWKHPRGLILHGYDFXXPEUHDNHUVZHUH | ||
DSSURYHGE | DSSURYHGE\WKH15&LQ5HIHUHQFH | ||
)XUWKHUHYDOXDWLRQZDVDOVRSHUIRUPHGWRDGGUHVVDFRQFHUQWKDWGU | )XUWKHUHYDOXDWLRQZDVDOVRSHUIRUPHGWRDGGUHVVDFRQFHUQWKDWGU\ZHOOVSUD\ | ||
LQLWLDWLRQLQWRDVWHDPDQGDLUILOOHGGU | LQLWLDWLRQLQWRDVWHDPDQGDLUILOOHGGU\ZHOOPLJKWUHVXOWLQORDGVLQH[FHVVRIWKRVH | ||
HYDOXDWHGDVSDUWRIWKH0DUN,&RQWDLQPHQW3URJUDP7KHHYDOXDWLRQ | HYDOXDWHGDVSDUWRIWKH0DUN,&RQWDLQPHQW3URJUDP7KHHYDOXDWLRQ | ||
5HIHUHQFH FRQFOXGHGWKDWWKHERG | 5HIHUHQFH FRQFOXGHGWKDWWKHERG\LPSDFWYHORFLW\ZLOOEHOHVVWKDQWKHVHDW | ||
LPSDFWYHORFLWLHVSURGXFHGE | LPSDFWYHORFLWLHVSURGXFHGE\FKXJJLQJ | ||
7KHSULPDU | 7KHSULPDU\FRQWDLQPHQWLVSHULRGLFDOO\YHQWHGWRHOLPLQDWHSUHVVXUHIOXFWXDWLRQV | ||
FDXVHGE | FDXVHGE\DLUWHPSHUDWXUHFKDQJHVGXULQJYDULRXVRSHUDWLQJPRGHV7KLVLV | ||
DFFRPSOLVKHGWKURXJKYHQWLODWLRQSXUJHFRQQHFWLRQVZKLFKDUHQRUPDOO | DFFRPSOLVKHGWKURXJKYHQWLODWLRQSXUJHFRQQHFWLRQVZKLFKDUHQRUPDOO\FORVHGZKLOH | ||
WKHUHDFWRUFRRODQWLVDWDWHPSHUDWXUHJUHDWHUWKDQ) | WKHUHDFWRUFRRODQWLVDWDWHPSHUDWXUHJUHDWHUWKDQ) | ||
&RQWDLQPHQW3HQHWUDWLRQV | &RQWDLQPHQW3HQHWUDWLRQV | ||
7KHGHVLJQIDEULFDWLRQPDWHULDOVLQVSHFWLRQDQGWHVWLQJRISULPDU | 7KHGHVLJQIDEULFDWLRQPDWHULDOVLQVSHFWLRQDQGWHVWLQJRISULPDU\FRQWDLQPHQW | ||
SHQHWUDWLRQVDUHLQDFFRUGDQFHZLWKWKHLQWHQWRIWKH$60(6HFWLRQ,,,6XEVHFWLRQ% | SHQHWUDWLRQVDUHLQDFFRUGDQFHZLWKWKHLQWHQWRIWKH$60(6HFWLRQ,,,6XEVHFWLRQ% | ||
(GLWLRQ 5HIHUHQFH | (GLWLRQ 5HIHUHQFH | ||
7KHEDVLFGHVLJQREMHFWLYHIRUWKHSHQHWUDWLRQVZDVWRHQVXUHWKDWWKHLQWHJULW | 7KHEDVLFGHVLJQREMHFWLYHIRUWKHSHQHWUDWLRQVZDVWRHQVXUHWKDWWKHLQWHJULW\RIWKH | ||
FRQWDLQPHQWLVPDLQWDLQHGXQGHUWKHORDGLQJFRQGLWLRQVGHILQHGEHORZ | FRQWDLQPHQWLVPDLQWDLQHGXQGHUWKHORDGLQJFRQGLWLRQVGHILQHGEHORZ | ||
D | D | ||
| Line 616: | Line 616: | ||
7KHSHQHWUDWLRQVZHUHGHVLJQHGIRUWKHORDGVUHVXOWLQJIURPWKHIXOOFRPELQDWLRQ | 7KHSHQHWUDWLRQVZHUHGHVLJQHGIRUWKHORDGVUHVXOWLQJIURPWKHIXOOFRPELQDWLRQ | ||
RIGHDGORDGVVHLVPLFWKHUPDOJURZWKDQGSUHVVXUHFRQGLWLRQVGXHWRORVVRI | RIGHDGORDGVVHLVPLFWKHUPDOJURZWKDQGSUHVVXUHFRQGLWLRQVGXHWRORVVRI | ||
FRRODQWZLWKLQWKHGU | FRRODQWZLWKLQWKHGU\ZHOODFWLQJFRLQFLGHQWZLWKWKHODUJHURIWKHIROORZLQJ | ||
7KHMHWUHDFWLRQIRUFHRQDSHQHWUDWLRQUHVXOWLQJIURPDFLUFXPIHUHQWLDO | 7KHMHWUHDFWLRQIRUFHRQDSHQHWUDWLRQUHVXOWLQJIURPDFLUFXPIHUHQWLDO | ||
JXLOORWLQHW | JXLOORWLQHW\SH EUHDNRIWKHDVVRFLDWHGSURFHVVOLQH | ||
7KHMHWUHDFWLRQIRUFHRQDSHQHWUDWLRQUHVXOWLQJIURPDORQJLWXGLQDOW | 7KHMHWUHDFWLRQIRUFHRQDSHQHWUDWLRQUHVXOWLQJIURPDORQJLWXGLQDOW\SH | ||
EUHDNRIWKHDVVRFLDWHGSURFHVVOLQH | EUHDNRIWKHDVVRFLDWHGSURFHVVOLQH | ||
| Line 627: | Line 627: | ||
OLQHUHVXOWLQJIURPUXSWXUHRIDQDGMDFHQWSURFHVVOLQH | OLQHUHVXOWLQJIURPUXSWXUHRIDQDGMDFHQWSURFHVVOLQH | ||
F | F | ||
+ | +\GURG\QDPLF/2&$/RDGV | ||
6XSSUHVVLRQFKDPEHUSHQHWUDWLRQVDQGWRUXVDWWDFKHGSLSLQJV | 6XSSUHVVLRQFKDPEHUSHQHWUDWLRQVDQGWRUXVDWWDFKHGSLSLQJV\VWHPV | ||
LQFOXGLQJWKHVXFWLRQULQJKHDGHUZHUHUHHYDOXDWHGDQGDSSURSULDWHO | LQFOXGLQJWKHVXFWLRQULQJKHDGHUZHUHUHHYDOXDWHGDQGDSSURSULDWHO\PRGLILHG | ||
WRDFFRXQWIRUWKHK | WRDFFRXQWIRUWKHK\GURG\QDPLFORDGVLGHQWLILHGDVDUHVXOWRIWKH0DUN, | ||
&RQWDLQPHQW3URJUDP7KHHYDOXDWLRQDQGPRGLILFDWLRQVDUHGHVFULEHGLQ | &RQWDLQPHQW3URJUDP7KHHYDOXDWLRQDQGPRGLILFDWLRQVDUHGHVFULEHGLQ | ||
5HIHUHQFH,Q QHZ(&&6VXFWLRQVWUDLQHUVZHUHLQVWDOOHG7KH | 5HIHUHQFH,Q QHZ(&&6VXFWLRQVWUDLQHUVZHUHLQVWDOOHG7KH | ||
VWUDLQHUVDQGVXSSRUWDVVHPEOLHVZHUHGHVLJQHGWREHVWUXFWXUDOO | VWUDLQHUVDQGVXSSRUWDVVHPEOLHVZHUHGHVLJQHGWREHVWUXFWXUDOO\LQGHSHQGHQW | ||
IURPWKHWRUXVSHQHWUDWLRQV7KHUHIRUHWKHQHZVWUDLQHUVGRQRWDIIHFWWKH0DUN | IURPWKHWRUXVSHQHWUDWLRQV7KHUHIRUHWKHQHZVWUDLQHUVGRQRWDIIHFWWKH0DUN | ||
,SURJUDPWRUXVSHQHWUDWLRQDQGWRUXVDWWDFKHGSLSLQJHYDOXDWLRQUHVXOWV | ,SURJUDPWRUXVSHQHWUDWLRQDQGWRUXVDWWDFKHGSLSLQJHYDOXDWLRQUHVXOWV | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO | ||
7KHSULPDU | 7KHSULPDU\FRQWDLQPHQWDWPRVSKHULFFRQWUROV\VWHPSURYLGHVWKHDELOLW\WRPDLQWDLQ | ||
DQDWPRVSKHUHRIORZR[ | DQDWPRVSKHUHRIORZR[\JHQFRQWHQWZLWKLQWKHSULPDU\FRQWDLQPHQWE\XVHRIDQ | ||
LQHUWJDV | LQHUWJDV | ||
+DUG3LSH9HQW6 | +DUG3LSH9HQW6\VWHP | ||
7KH+DUG3LSH9HQW +39 6 | 7KH+DUG3LSH9HQW +39 6\VWHPLVGHVLJQHGWRSUHYHQWFRQWDLQPHQWSUHVVXUHIURP | ||
LQFUHDVLQJXQGHUFRQGLWLRQVRIFRQVWDQWKHDWLQSXWDWDUDWHHTXDOWRRIUDWHG | LQFUHDVLQJXQGHUFRQGLWLRQVRIFRQVWDQWKHDWLQSXWDWDUDWHHTXDOWRRIUDWHG | ||
WKHUPDOSRZHUDQGFRQWDLQPHQWSUHVVXUHHTXDOWRWKH3ULPDU | WKHUPDOSRZHUDQGFRQWDLQPHQWSUHVVXUHHTXDOWRWKH3ULPDU\&RQWDLQPHQW3UHVVXUH | ||
/LPLW 3&3/ 7KH+DUG3LSH9HQW6 | /LPLW 3&3/ 7KH+DUG3LSH9HQW6\VWHPZDVLQVWDOOHGLQUHVSRQVHWR*HQHULF | ||
/HWWHU 5HIHUHQFH DQGPHHWVWKHGHVLJQFULWHULDHVWDEOLVKHGE | /HWWHU 5HIHUHQFH DQGPHHWVWKHGHVLJQFULWHULDHVWDEOLVKHGE\WKH%:5 | ||
2ZQHUV*URXS 5HIHUHQFH 7KH+396 | 2ZQHUV*URXS 5HIHUHQFH 7KH+396\VWHPZDVODWHUPRGLILHGDVUHTXLUHGE\ | ||
15&2UGHU($ 5HIHUHQFH DQGLQGXVWU | 15&2UGHU($ 5HIHUHQFH DQGLQGXVWU\JXLGDQFH1(, | ||
5HIHUHQFH ZKLFKWKH15&HQGRUVHGZLWKH[FHSWLRQVDQGFODULILFDWLRQV | 5HIHUHQFH ZKLFKWKH15&HQGRUVHGZLWKH[FHSWLRQVDQGFODULILFDWLRQV | ||
5HIHUHQFHV DQG | 5HIHUHQFHV DQG | ||
| Line 664: | Line 664: | ||
'HVFULSWLRQ | 'HVFULSWLRQ | ||
3UHVVXUH6XSSUHVVLRQ6 | 3UHVVXUH6XSSUHVVLRQ6\VWHP | ||
7KH3ULPDU | 7KH3ULPDU\&RQWDLQPHQW6\VWHPZKLFKHPSOR\VDSUHVVXUHVXSSUHVVLRQ | ||
FRQWDLQPHQWV | FRQWDLQPHQWV\VWHP FRQVWUXFWHGRIVWHHO KRXVHVWKHUHDFWRUSULPDU\YHVVHOWKH | ||
UHDFWRUFRRODQW5HFLUFXODWLRQ6 | UHDFWRUFRRODQW5HFLUFXODWLRQ6\VWHPORRSVDQGRWKHUEUDQFKFRQQHFWLRQVRIWKH | ||
UHDFWRUSULPDU | UHDFWRUSULPDU\V\VWHP VHH)LJXUH 7KHV\VWHPFRQVLVWVRIDGU\ZHOOD | ||
SUHVVXUHVXSSUHVVLRQFKDPEHU ZHWZHOO WKDWVWRUHVDODUJHYROXPHRIZDWHUD | SUHVVXUHVXSSUHVVLRQFKDPEHU ZHWZHOO WKDWVWRUHVDODUJHYROXPHRIZDWHUD | ||
FRQQHFWLQJYHQWV | FRQQHFWLQJYHQWV\VWHPEHWZHHQWKHGU\ZHOODQGWKHFKDPEHUZDWHUSRROLVRODWLRQ | ||
YDOYHVYHQWLODWLQJDQGFRROLQJV | YDOYHVYHQWLODWLQJDQGFRROLQJV\VWHPVDQGRWKHUVHUYLFHHTXLSPHQW VHH)LJXUH | ||
DQG | DQG | ||
,QWKHHYHQWRIDSURFHVVV | ,QWKHHYHQWRIDSURFHVVV\VWHPSLSLQJIDLOXUHZLWKLQWKHGU\ZHOOUHDFWRUZDWHUDQG | ||
VWHDPZRXOGEHUHOHDVHGLQWRWKHGU | VWHDPZRXOGEHUHOHDVHGLQWRWKHGU\ZHOODLUVSDFH7KHUHVXOWLQJLQFUHDVHGGU\ZHOO | ||
SUHVVXUHWKHQIRUFHVDPL[WXUHRIQRQFRQGHQVDEOHJDVHVVWHDPDQGZDWHUWKURXJK | SUHVVXUHWKHQIRUFHVDPL[WXUHRIQRQFRQGHQVDEOHJDVHVVWHDPDQGZDWHUWKURXJK | ||
WKHYHQWVLQWRWKHSRRORIVWRUHGZDWHULQWKHVXSSUHVVLRQFKDPEHU7KHVWHDP | WKHYHQWVLQWRWKHSRRORIVWRUHGZDWHULQWKHVXSSUHVVLRQFKDPEHU7KHVWHDP | ||
FRQGHQVHVUDSLGO | FRQGHQVHVUDSLGO\DQGFRPSOHWHO\LQWKHVXSSUHVVLRQSRROUHVXOWLQJLQUDSLGSUHVVXUH | ||
UHGXFWLRQLQWKHGU | UHGXFWLRQLQWKHGU\ZHOO | ||
1RQFRQGHQVDEOHJDVHVIRUFHGLQWRWKHVXSSUHVVLRQFKDPEHUZLWKWKHVWHDPDQG | 1RQFRQGHQVDEOHJDVHVIRUFHGLQWRWKHVXSSUHVVLRQFKDPEHUZLWKWKHVWHDPDQG | ||
ZDWHUPD | ZDWHUPD\WHQGWROHDYHWKHVXSSUHVVLRQFKDPEHUSUHVVXUL]HGZLWKUHVSHFWWRWKH | ||
GU | GU\ZHOOXSRQFRQGHQVDWLRQRIYDSRULQWKHGU\ZHOO9DFXXPUHOLHIYDOYHVDUHSURYLGHG | ||
WRSUHYHQWVXFKSUHVVXUL]DWLRQDQGWKHSRVVLEOHDFFRPSDQ | WRSUHYHQWVXFKSUHVVXUL]DWLRQDQGWKHSRVVLEOHDFFRPSDQ\LQJEDFNIORZRIZDWHU | ||
IURPWKHVXSSUHVVLRQFKDPEHUWRWKHGU | IURPWKHVXSSUHVVLRQFKDPEHUWRWKHGU\ZHOO&RROLQJV\VWHPVDUHSURYLGHGWR | ||
UHPRYHKHDWIURPWKHGU | UHPRYHKHDWIURPWKHGU\ZHOODQGIURPWKHZDWHULQWKHVXSSUHVVLRQFKDPEHUDQG | ||
WKXVSURYLGHFRQWLQXRXVFRROLQJRIWKHSULPDU | WKXVSURYLGHFRQWLQXRXVFRROLQJRIWKHSULPDU\FRQWDLQPHQWXQGHUDFFLGHQW | ||
FRQGLWLRQV$SSURSULDWHLVRODWLRQYDOYHVDUHDFWXDWHGGXULQJWKLVSHULRGWRHQVXUH | FRQGLWLRQV$SSURSULDWHLVRODWLRQYDOYHVDUHDFWXDWHGGXULQJWKLVSHULRGWRHQVXUH | ||
FRQWDLQPHQWRIUDGLRDFWLYHPDWHULDOVZKLFKPLJKWRWKHUZLVHEHUHOHDVHGIURPWKH | FRQWDLQPHQWRIUDGLRDFWLYHPDWHULDOVZKLFKPLJKWRWKHUZLVHEHUHOHDVHGIURPWKH | ||
UHDFWRUGXULQJWKHFRXUVHRIWKHDFFLGHQW7DEOHVXPPDUL]HVWKHSDUDPHWHUVRI | UHDFWRUGXULQJWKHFRXUVHRIWKHDFFLGHQW7DEOHVXPPDUL]HVWKHSDUDPHWHUVRI | ||
WKHFRQWDLQPHQWV | WKHFRQWDLQPHQWV\VWHP | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW | ||
7KHGU | 7KHGU\ZHOOSRUWLRQRIWKH3ULPDU\&RQWDLQPHQWLVDVWHHOSUHVVXUHYHVVHOZLWKD | ||
VSKHULFDOORZHUSRUWLRQDQGDF | VSKHULFDOORZHUSRUWLRQDQGDF\OLQGULFDOXSSHUSRUWLRQ VHH)LJXUH 7KHVWHHO | ||
KHDGDQGVKHOORIWKHGU | KHDGDQGVKHOORIWKHGU\ZHOODUHIDEULFDWHGRI6$)%;SODWHPDQXIDFWXUHGWR | ||
$UHTXLUHPHQWV7KHWRSKHDGFORVXUHLVPDGHZLWKDGRXEOHWRQJXHDQGJURRYH | $UHTXLUHPHQWV7KHWRSKHDGFORVXUHLVPDGHZLWKDGRXEOHWRQJXHDQGJURRYH | ||
VHDOWKDWSHUPLWVSHULRGLFFKHFNVIRUWLJKWQHVVZLWKRXWSUHVVXUL]LQJWKHHQWLUHYHVVHO | VHDOWKDWSHUPLWVSHULRGLFFKHFNVIRUWLJKWQHVVZLWKRXWSUHVVXUL]LQJWKHHQWLUHYHVVHO | ||
7KHGU | 7KHGU\ZHOOLVHQFORVHGLQUHLQIRUFHGFRQFUHWHIRUVKLHOGLQJSXUSRVHVDQGWRSURYLGH | ||
DGGLWLRQDOUHVLVWDQFHWRGHIRUPDWLRQDQGEXFNOLQJRIWKHGU | DGGLWLRQDOUHVLVWDQFHWRGHIRUPDWLRQDQGEXFNOLQJRIWKHGU\ZHOORYHUDUHDVZKHUHWKH | ||
FRQFUHWHEDFNVXSWKHVWHHOVKHOO$ERYHWKHIRXQGDWLRQWUDQVLWLRQ]RQHWKHGU | FRQFUHWHEDFNVXSWKHVWHHOVKHOO$ERYHWKHIRXQGDWLRQWUDQVLWLRQ]RQHWKHGU\ZHOOLV | ||
VHSDUDWHGIURPWKHUHLQIRUFHGFRQFUHWHE | VHSDUDWHGIURPWKHUHLQIRUFHGFRQFUHWHE\DJDSRIDSSUR[LPDWHO\LQIRUWKHUPDO | ||
H[SDQVLRQ6KLHOGLQJRYHUWKHWRSRIWKHGU | H[SDQVLRQ6KLHOGLQJRYHUWKHWRSRIWKHGU\ZHOOLVSURYLGHGE\DUHPRYDEOH | ||
FHPHQWHGUHLQIRUFHGFRQFUHWHVKLHOGSOXJ | FHPHQWHGUHLQIRUFHGFRQFUHWHVKLHOGSOXJ | ||
,QDGGLWLRQWRWKHGU | ,QDGGLWLRQWRWKHGU\ZHOOKHDGZLWKLWVEROWHGPDQZD\DQGRQHGRXEOHGRRUSHUVRQQHO | ||
DLUORFNWZRKDWFKHV RQHODUJHHTXLSPHQWKDWFKDQGRQHFRQWUROURGGULYHKDWFK DUH | DLUORFNWZRKDWFKHV RQHODUJHHTXLSPHQWKDWFKDQGRQHFRQWUROURGGULYHKDWFK DUH | ||
SURYLGHGIRUDFFHVVWRWKHGU | SURYLGHGIRUDFFHVVWRWKHGU\ZHOO7KHORFNLQJPHFKDQLVPRQHDFKDLUORFNGRRULV | ||
GHVLJQHGVRWKDWDWLJKWVHDOLVPDLQWDLQHGZKHQWKHGRRUVDUHVXEMHFWHGWRHLWKHU | GHVLJQHGVRWKDWDWLJKWVHDOLVPDLQWDLQHGZKHQWKHGRRUVDUHVXEMHFWHGWRHLWKHU | ||
LQWHUQDORUH[WHUQDOSUHVVXUH7KHGRRUVDUHPHFKDQLFDOO | LQWHUQDORUH[WHUQDOSUHVVXUH7KHGRRUVDUHPHFKDQLFDOO\LQWHUORFNHGWRPDLQWDLQ | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 717: | Line 717: | ||
SULPDU | SULPDU\FRQWDLQPHQWLQWHJULW\7KHDLUORFNLVWHVWHGE\SUHVVXUL]LQJWKHVSDFH | ||
EHWZHHQWKHLQQHUDQGRXWHUGRRUV,QGLYLGXDOGRRUVHDOOHDNDJHWHVWVFDQQRWEH | EHWZHHQWKHLQQHUDQGRXWHUGRRUV,QGLYLGXDOGRRUVHDOOHDNDJHWHVWVFDQQRWEH | ||
SHUIRUPHG6LQFHWKHLQQHUGRRULVGHVLJQHGWRVHDWZLWKFRQWDLQPHQWSUHVVXUH | SHUIRUPHG6LQFHWKHLQQHUGRRULVGHVLJQHGWRVHDWZLWKFRQWDLQPHQWSUHVVXUH | ||
| Line 723: | Line 723: | ||
RXWHUGRRUPXVWEHRSHQHGWRLQVWDOODQGUHPRYHWKLVEUDFLQJ7KHHTXLSPHQWKDWFK | RXWHUGRRUPXVWEHRSHQHGWRLQVWDOODQGUHPRYHWKLVEUDFLQJ7KHHTXLSPHQWKDWFK | ||
FRYHULVEROWHGLQSODFHDQGVHDOHGZLWKDGRXEOHWRQJXHDQGJURRYHVHDO7KH&5' | FRYHULVEROWHGLQSODFHDQGVHDOHGZLWKDGRXEOHWRQJXHDQGJURRYHVHDO7KH&5' | ||
KDWFKLVKHOGLQSODFHE | KDWFKLVKHOGLQSODFHE\D\RNHDQGFODPSDQGLVVHDOHGZLWKDGRXEOH25LQJVHDO | ||
7KHVHDOVRQWKHDFFHVVKDWFKFRYHUVDUHFDSDEOHRIEHLQJWHVWHGIRUOHDNDJH | 7KHVHDOVRQWKHDFFHVVKDWFKFRYHUVDUHFDSDEOHRIEHLQJWHVWHGIRUOHDNDJH | ||
7KHGU | 7KHGU\ZHOOLVQRWHQWHUHGGXULQJKLJKSRZHURSHUDWLRQ$FFHVVLVSHUPLVVLEOHGXULQJ | ||
ORZSRZHURSHUDWLRQXQGHUVWULFWSURFHGXUDOFRQWURO8QGHUQRUPDOFRQGLWLRQV | ORZSRZHURSHUDWLRQXQGHUVWULFWSURFHGXUDOFRQWURO8QGHUQRUPDOFRQGLWLRQV | ||
SHUVRQQHOHQWU | SHUVRQQHOHQWU\LVQRWSHUPLWWHGXQWLOWKHFRQWDLQPHQWLVGHLQHUWHGDQGWKRURXJKO\ | ||
FKHFNHGIRUSRFNHWVRIQLWURJHQ7KHQRUPDOHQYLURQPHQWLQWKHGU | FKHFNHGIRUSRFNHWVRIQLWURJHQ7KHQRUPDOHQYLURQPHQWLQWKHGU\ZHOOGXULQJSODQW | ||
RSHUDWLRQLVHVVHQWLDOO | RSHUDWLRQLVHVVHQWLDOO\DWPRVSKHULFSUHVVXUHDWDEXONDYHUDJHWHPSHUDWXUHRIOHVV | ||
WKDQ)7KLVEXONDYHUDJHWHPSHUDWXUHLVDVVXPHGDVDQLQLWLDOFRQGLWLRQIRU | WKDQ)7KLVEXONDYHUDJHWHPSHUDWXUHLVDVVXPHGDVDQLQLWLDOFRQGLWLRQIRU | ||
HYDOXDWLRQRI136+IRUWKH(&&6SXPSV 5HIHUHQFHV DQG 7KLV | HYDOXDWLRQRI136+IRUWKH(&&6SXPSV 5HIHUHQFHV DQG 7KLV | ||
WHPSHUDWXUHLVPDLQWDLQHGE | WHPSHUDWXUHLVPDLQWDLQHGE\UHFLUFXODWLQJWKHGU\ZHOODLUDFURVVIRUFHGDLUFRROLQJ | ||
XQLWVZKLFKLQWXUQDUHFRROHGE | XQLWVZKLFKLQWXUQDUHFRROHGE\WKHUHDFWRUEXLOGLQJFORVHGFRROLQJZDWHUV\VWHP | ||
7KHWRSSRUWLRQRIWKHGU | 7KHWRSSRUWLRQRIWKHGU\ZHOOYHVVHOLVUHPRYHGGXULQJUHIXHOLQJRSHUDWLRQV7KH | ||
KHDGLVKHOGLQSODFHE | KHDGLVKHOGLQSODFHE\EROWVDQGLVVHDOHGZLWKDGRXEOHVHDODUUDQJHPHQWWRSURYLGH | ||
SULPDU | SULPDU\FRQWDLQPHQWLQWHJULW\ | ||
(LJKWODUJHFLUFXODUYHQWOLQHVIRUPDFRQQHFWLRQEHWZHHQWKHGU | (LJKWODUJHFLUFXODUYHQWOLQHVIRUPDFRQQHFWLRQEHWZHHQWKHGU\ZHOODQGWKHSUHVVXUH | ||
VXSSUHVVLRQFKDPEHU-HWGHIOHFWRUVDUHSURYLGHGLQWKHGU | VXSSUHVVLRQFKDPEHU-HWGHIOHFWRUVDUHSURYLGHGLQWKHGU\ZHOODWWKHHQWUDQFHRI | ||
HDFKYHQWOLQHWRSUHYHQWSRVVLEOHGDPDJHWRWKHYHQWSLSHVIURPMHWIRUFHVZKLFK | HDFKYHQWOLQHWRSUHYHQWSRVVLEOHGDPDJHWRWKHYHQWSLSHVIURPMHWIRUFHVZKLFK | ||
PLJKWDFFRPSDQ | PLJKWDFFRPSDQ\DSLSHEUHDNLQWKHGU\ZHOO7KHYHQWOLQHVDUHHQFORVHGZLWK | ||
VOHHYHVDQGDUHSURYLGHGZLWKH[SDQVLRQMRLQWVWRDFFRPPRGDWHGLIIHUHQWLDOPRWLRQ | VOHHYHVDQGDUHSURYLGHGZLWKH[SDQVLRQMRLQWVWRDFFRPPRGDWHGLIIHUHQWLDOPRWLRQ | ||
EHWZHHQWKHGU | EHWZHHQWKHGU\ZHOODQGVXSSUHVVLRQFKDPEHU | ||
6XSSUHVVLRQ&KDPEHU | 6XSSUHVVLRQ&KDPEHU | ||
7KHVXSSUHVVLRQFKDPEHULVLQWKHJHQHUDOIRUPRIDWRUXVZKLFKLVEHORZDQG | 7KHVXSSUHVVLRQFKDPEHULVLQWKHJHQHUDOIRUPRIDWRUXVZKLFKLVEHORZDQG | ||
HQFLUFOHVWKHGU | HQFLUFOHVWKHGU\ZHOO VHH)LJXUH 7KHVXSSUHVVLRQFKDPEHULVDFWXDOO\ | ||
FRQVWUXFWHGRIPLWHUHGF | FRQVWUXFWHGRIPLWHUHGF\OLQGULFDOVKHOOVHJPHQWV$UHLQIRUFLQJULQJJLUGHUZLWK | ||
WZRVXSSRUWLQJFROXPQVDQGDVDGGOHLVSURYLGHGDWWKHPLWHUMRLQWRIWKHDGMRLQLQJ | WZRVXSSRUWLQJFROXPQVDQGDVDGGOHLVSURYLGHGDWWKHPLWHUMRLQWRIWKHDGMRLQLQJ | ||
VKHOOVHJPHQWV | VKHOOVHJPHQWV | ||
7KHVXSSUHVVLRQFKDPEHULVFRQQHFWHGWRWKHGU | 7KHVXSSUHVVLRQFKDPEHULVFRQQHFWHGWRWKHGU\ZHOOE\HLJKWYHQWOLQHV VHH)LJXUH | ||
DQG :LWKLQWKHVXSSUHVVLRQFKDPEHUWKHYHQWOLQHVDUHFRQQHFWHGWR | DQG :LWKLQWKHVXSSUHVVLRQFKDPEHUWKHYHQWOLQHVDUHFRQQHFWHGWR | ||
DFRPPRQYHQWKHDGHU&RQQHFWHGWRWKHYHQWKHDGHUDUHSDLUVRIGRZQFRPHUV | DFRPPRQYHQWKHDGHU&RQQHFWHGWRWKHYHQWKHDGHUDUHSDLUVRIGRZQFRPHUV | ||
ZKLFKWHUPLQDWHEHORZWKHZDWHUOHYHORIWKHVXSSUHVVLRQSRRO7KHYHQWOLQHVDUH | ZKLFKWHUPLQDWHEHORZWKHZDWHUOHYHORIWKHVXSSUHVVLRQSRRO7KHYHQWOLQHVDUH | ||
VKLHOGHGIURPMHWLPSLQJHPHQWORDGVDWHDFKYHQWOLQHGU | VKLHOGHGIURPMHWLPSLQJHPHQWORDGVDWHDFKYHQWOLQHGU\ZHOOSHQHWUDWLRQORFDWLRQE\ | ||
MHWGHIOHFWRUVZKLFKVSDQWKHRSHQLQJVRIWKHYHQWOLQHV$EHOORZVDVVHPEO | MHWGHIOHFWRUVZKLFKVSDQWKHRSHQLQJVRIWKHYHQWOLQHV$EHOORZVDVVHPEO\ | ||
FRQQHFWLQJWKHVXSSUHVVLRQFKDPEHUWRWKHYHQWOLQHDOORZVIRUGLIIHUHQWLDOPRYHPHQW | FRQQHFWLQJWKHVXSSUHVVLRQFKDPEHUWRWKHYHQWOLQHDOORZVIRUGLIIHUHQWLDOPRYHPHQW | ||
EHWZHHQWKHGU | EHWZHHQWKHGU\ZHOODQGWKHVXSSUHVVLRQFKDPEHU | ||
(LJKWYDFXXPEUHDNHUVDUHSURYLGHGWRHTXDOL]HWKHSUHVVXUHEHWZHHQWKH | (LJKWYDFXXPEUHDNHUVDUHSURYLGHGWRHTXDOL]HWKHSUHVVXUHEHWZHHQWKH | ||
VXSSUHVVLRQFKDPEHUDQGWKHGU | VXSSUHVVLRQFKDPEHUDQGWKHGU\ZHOOWRSUHYHQWDEDFNIORZRIZDWHUIURPWKH | ||
VXSSUHVVLRQSRROLQWRWKHYHQWKHDGHUV | VXSSUHVVLRQSRROLQWRWKHYHQWKHDGHUV\VWHP(DFKYDFXXPEUHDNHULVDQLQ | ||
FKHFNYDOYHZLWKDQDLURSHUDWRUSURYLGHGIRUWHVWLQJSXUSRVHV7KHUHLVRQHEUHDNHU | FKHFNYDOYHZLWKDQDLURSHUDWRUSURYLGHGIRUWHVWLQJSXUSRVHV7KHUHLVRQHEUHDNHU | ||
ORFDWHGDWHDFKRIWKHYHQWWRYHQWKHDGHUSRVLWLRQV7KHYDFXXPEUHDNHUVDUH | ORFDWHGDWHDFKRIWKHYHQWWRYHQWKHDGHUSRVLWLRQV7KHYDFXXPEUHDNHUVDUH | ||
| Line 774: | Line 774: | ||
GHVLJQHGWREHIXOORSHQDWSVLG6HH7HFKQLFDO6SHFLILFDWLRQIRUWKH | GHVLJQHGWREHIXOORSHQDWSVLG6HH7HFKQLFDO6SHFLILFDWLRQIRUWKH | ||
RSHUDWLRQDOOLPLWV | RSHUDWLRQDOOLPLWV | ||
7KHVXSSUHVVLRQFKDPEHULVVXSSRUWHGYHUWLFDOO | 7KHVXSSUHVVLRQFKDPEHULVVXSSRUWHGYHUWLFDOO\DWHDFKPLWHUMRLQWORFDWLRQE\LQVLGH | ||
DQGRXWVLGHFROXPQVDQGE | DQGRXWVLGHFROXPQVDQGE\DVDGGOHVXSSRUWORFDWHGEHWZHHQWKHLQVLGHDQGRXWVLGH | ||
FROXPQV7KHFROXPQVFROXPQFRQQHFWLRQSODWHVDQGVDGGOHVXSSRUWVDUHORFDWHG | FROXPQV7KHFROXPQVFROXPQFRQQHFWLRQSODWHVDQGVDGGOHVXSSRUWVDUHORFDWHG | ||
SDUDOOHOWRWKHDVVRFLDWHGPLWHUMRLQWLQWKHSODQHRIWKHULQJJLUGHUZHE$WHDFKPLWHU | SDUDOOHOWRWKHDVVRFLDWHGPLWHUMRLQWLQWKHSODQHRIWKHULQJJLUGHUZHE$WHDFKPLWHU | ||
MRLQWWKHULQJJLUGHUFROXPQVFROXPQFRQQHFWLRQVDQGVDGGOHVXSSRUWIRUPDQ | MRLQWWKHULQJJLUGHUFROXPQVFROXPQFRQQHFWLRQVDQGVDGGOHVXSSRUWIRUPDQ | ||
LQWHJUDOVXSSRUWV | LQWHJUDOVXSSRUWV\VWHPZKLFKWDNHVYHUWLFDOORDGVDFWLQJRQWKHVXSSUHVVLRQFKDPEHU | ||
VKHOODQGWUDQVIHUVWKHPWRWKH5HDFWRU%XLOGLQJEDVHPDW7KHVXSSRUWV | VKHOODQGWUDQVIHUVWKHPWRWKH5HDFWRU%XLOGLQJEDVHPDW7KHVXSSRUWV\VWHP | ||
SURYLGHVIXOOYHUWLFDOVXSSRUWIRUWKHVXSSUHVVLRQFKDPEHUZKLOHDOORZLQJODWHUDO | SURYLGHVIXOOYHUWLFDOVXSSRUWIRUWKHVXSSUHVVLRQFKDPEHUZKLOHDOORZLQJODWHUDO | ||
PRYHPHQWDQGWKHUPDOH[SDQVLRQWRRFFXU DORDGWUDQVIHUPHFKDQLVPZKLFK | PRYHPHQWDQGWKHUPDOH[SDQVLRQWRRFFXU DORDGWUDQVIHUPHFKDQLVPZKLFK | ||
UHGXFHVORFDOVXSSUHVVLRQFKDPEHUVKHOOVWUHVVHVDQGPRUHHYHQO | UHGXFHVORFDOVXSSUHVVLRQFKDPEHUVKHOOVWUHVVHVDQGPRUHHYHQO\GLVWULEXWHV | ||
UHDFWLRQORDGVWRWKHEDVHPDW DQGLQFUHDVHVWKHVXSSUHVVLRQFKDPEHUQDWXUDO | UHDFWLRQORDGVWRWKHEDVHPDW DQGLQFUHDVHVWKHVXSSUHVVLRQFKDPEHUQDWXUDO | ||
IUHTXHQFLHVEH | IUHTXHQFLHVEH\RQGWKHFULWLFDOIUHTXHQFLHVRIPRVWK\GURG\QDPLFORDGVWKHUHE\ | ||
UHGXFLQJG | UHGXFLQJG\QDPLFDPSOLILFDWLRQHIIHFWV | ||
)RXUVHLVPLFUHVWUDLQWVORFDWHG DSDUWSURYLGHODWHUDOVXSSRUWIRUWKHVXSSUHVVLRQ | )RXUVHLVPLFUHVWUDLQWVORFDWHG DSDUWSURYLGHODWHUDOVXSSRUWIRUWKHVXSSUHVVLRQ | ||
FKDPEHU7KHVHLVPLFUHVWUDLQWVSHUPLWYHUWLFDODQGUDGLDOPRYHPHQWRIWKH | FKDPEHU7KHVHLVPLFUHVWUDLQWVSHUPLWYHUWLFDODQGUDGLDOPRYHPHQWRIWKH | ||
| Line 793: | Line 793: | ||
VKHOODQGSURYLGHDQHIIHFWLYHPHDQVRIWUDQVIHUULQJVXSSUHVVLRQFKDPEHUODWHUDO | VKHOODQGSURYLGHDQHIIHFWLYHPHDQVRIWUDQVIHUULQJVXSSUHVVLRQFKDPEHUODWHUDO | ||
ORDGVWRWKHEDVHPDW | ORDGVWRWKHEDVHPDW | ||
7KHYHQWV | 7KHYHQWV\VWHPLVVXSSRUWHGYHUWLFDOO\E\WZRFROXPQPHPEHUVDWHDFKPLWHUMRLQW | ||
ORFDWLRQ7KHVXSSRUWFROXPQPHPEHUVDUHFRQVWUXFWHGZLWKGLDPHWHU6FKHGXOH | ORFDWLRQ7KHVXSSRUWFROXPQPHPEHUVDUHFRQVWUXFWHGZLWKGLDPHWHU6FKHGXOH | ||
SLSH%XLOWXSFOHYLVDVVHPEOLHVDUHDWWDFKHGWRHDFKHQGRIWKHFROXPQV7KH | SLSH%XLOWXSFOHYLVDVVHPEOLHVDUHDWWDFKHGWRHDFKHQGRIWKHFROXPQV7KH | ||
FROXPQVDUHSLQQHGWRSDQGERWWRPWRDFFRPPRGDWHWKHGLIIHUHQWLDOKRUL]RQWDO | FROXPQVDUHSLQQHGWRSDQGERWWRPWRDFFRPPRGDWHWKHGLIIHUHQWLDOKRUL]RQWDO | ||
PRYHPHQWEHWZHHQWKHYHQWKHDGHUDQGWKHVXSSUHVVLRQFKDPEHU7KHVXSSRUW | PRYHPHQWEHWZHHQWKHYHQWKHDGHUDQGWKHVXSSUHVVLRQFKDPEHU7KHVXSSRUW | ||
FROXPQDVVHPEOLHVDUHGHVLJQHGWRWUDQVIHUYHUWLFDOORDGVDFWLQJRQWKHYHQWV | FROXPQDVVHPEOLHVDUHGHVLJQHGWRWUDQVIHUYHUWLFDOORDGVDFWLQJRQWKHYHQWV\VWHP | ||
WRWKHVXSSUHVVLRQFKDPEHUULQJJLUGHUVZKLOHVLPXOWDQHRXVO | WRWKHVXSSUHVVLRQFKDPEHUULQJJLUGHUVZKLOHVLPXOWDQHRXVO\UHVLVWLQJGUDJORDGVRQ | ||
VXEPHUJHGYHQWV | VXEPHUJHGYHQWV\VWHPVWUXFWXUHV7KHYHQWV\VWHPLVVXSSRUWHGKRUL]RQWDOO\E\WKH | ||
YHQWOLQHVZKLFKWUDQVIHUODWHUDOORDGVDFWLQJRQWKHYHQWV | YHQWOLQHVZKLFKWUDQVIHUODWHUDOORDGVDFWLQJRQWKHYHQWV\VWHPWRWKHGU\ZHOODWWKH | ||
YHQWOLQHGU | YHQWOLQHGU\ZHOOSHQHWUDWLRQORFDWLRQV | ||
7KHLQWHUVHFWLRQVRIWKHGRZQFRPHUVDQGWKHYHQWKHDGHUDUHUHLQIRUFHGZLWKD | 7KHLQWHUVHFWLRQVRIWKHGRZQFRPHUVDQGWKHYHQWKHDGHUDUHUHLQIRUFHGZLWKD | ||
V | V\VWHPRIVWLIIHQHUSODWHVDQGEUDFLQJPHPEHUV7KHEUDFLQJV\VWHPVWLIIHQVWKH | ||
GRZQFRPHULQWHUVHFWLRQLQDGLUHFWLRQSDUDOOHOWRWKHYHQWKHDGHUORQJLWXGLQDOD[LV | GRZQFRPHULQWHUVHFWLRQLQDGLUHFWLRQSDUDOOHOWRWKHYHQWKHDGHUORQJLWXGLQDOD[LV | ||
)RUKRUL]RQWDOORDGLQJVLQDGLUHFWLRQSHUSHQGLFXODUWRWKHYHQWKHDGHUORQJLWXGLQDO | )RUKRUL]RQWDOORDGLQJVLQDGLUHFWLRQSHUSHQGLFXODUWRWKHYHQWKHDGHUORQJLWXGLQDO | ||
D[LVWKHGRZQFRPHUWRYHQWKHDGHULQWHUVHFWLRQLVVWLIIHQHGE | D[LVWKHGRZQFRPHUWRYHQWKHDGHULQWHUVHFWLRQLVVWLIIHQHGE\PHDQVRIODWHUDO | ||
UHVWUDLQWVDQGJXVVHWSODWHV | UHVWUDLQWVDQGJXVVHWSODWHV | ||
9HQWKHDGHUGHIOHFWRUVDUHSURYLGHGXQGHUQHDWKWKHYHQWKHDGHUWRVKLHOGWKHYHQW | 9HQWKHDGHUGHIOHFWRUVDUHSURYLGHGXQGHUQHDWKWKHYHQWKHDGHUWRVKLHOGWKHYHQW | ||
| Line 813: | Line 813: | ||
%DVLV$FFLGHQWHYHQW7KHYHQWKHDGHUGHIOHFWRUVDUHFRQVWUXFWHGIURPGLDPHWHU | %DVLV$FFLGHQWHYHQW7KHYHQWKHDGHUGHIOHFWRUVDUHFRQVWUXFWHGIURPGLDPHWHU | ||
6FKHGXOHSLSHZLWK:7[VSOLWWHHVHFWLRQVDWWDFKHGWRHLWKHUVLGH7KH | 6FKHGXOHSLSHZLWK:7[VSOLWWHHVHFWLRQVDWWDFKHGWRHLWKHUVLGH7KH | ||
YHQWKHDGHUGHIOHFWRUVDUHGHVLJQHGWRFRPSOHWHO | YHQWKHDGHUGHIOHFWRUVDUHGHVLJQHGWRFRPSOHWHO\PLWLJDWHLPSDFWORDGVRQWKHYHQW | ||
KHDGHU | KHDGHU | ||
7KHYHQWV | 7KHYHQWV\VWHPDOVRSURYLGHVVXSSRUWIRUDSRUWLRQRIWKH659SLSLQJLQVLGHWKHYHQW | ||
OLQHDQGVXSSUHVVLRQFKDPEHU/RDGVZKLFKDFWRQWKH659SLSLQJDUHWUDQVIHUUHGWR | OLQHDQGVXSSUHVVLRQFKDPEHU/RDGVZKLFKDFWRQWKH659SLSLQJDUHWUDQVIHUUHGWR | ||
WKHYHQWV | WKHYHQWV\VWHPE\WKHSHQHWUDWLRQDVVHPEO\ZKLFKLVZHOGHGWRWKHYHQWOLQH | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 827: | Line 827: | ||
7RUXVDWWDFKHGSLSLQJSHQHWUDWLRQVUHTXLULQJDGGLWLRQDOORDGFDUU | 7RUXVDWWDFKHGSLSLQJSHQHWUDWLRQVUHTXLULQJDGGLWLRQDOORDGFDUU\LQJFDSDELOLWLHVWR | ||
PHHWWKHRULJLQDOVDIHW | PHHWWKHRULJLQDOVDIHW\PDUJLQVZHUHPRGLILHGDVUHTXLUHG$W\SLFDOSHQHWUDWLRQ | ||
FRQVLVWVRIIRXUEDVHSODWHVZHOGHGWRWKHWRUXVVKHOO DSDUWFLUFXPYHQWLQJWKH | FRQVLVWVRIIRXUEDVHSODWHVZHOGHGWRWKHWRUXVVKHOO DSDUWFLUFXPYHQWLQJWKH | ||
SHQHWUDWLQJSLSH$JXVVHWSODWHVSDQVEHWZHHQWKHEDVHSODWHDQGDVSOLWVOHHYH | SHQHWUDWLQJSLSH$JXVVHWSODWHVSDQVEHWZHHQWKHEDVHSODWHDQGDVSOLWVOHHYH | ||
DURXQGWKHSHQHWUDWLQJSLSHWRIRUPDULJLGVXSSRUW7KHORDGVDUHHIIHFWLYHO | DURXQGWKHSHQHWUDWLQJSLSHWRIRUPDULJLGVXSSRUW7KHORDGVDUHHIIHFWLYHO\ | ||
GLVWULEXWHGRYHUDODUJHUDUHDWKURXJKWKHEDVHSODWHVWKHUHE | GLVWULEXWHGRYHUDODUJHUDUHDWKURXJKWKHEDVHSODWHVWKHUHE\UHGXFLQJVWUHVVHVLQ | ||
WKHWRUXVVKHOO7KHWRUXVDWWDFKHGSLSLQJSHQHWUDWLRQVLQLQGLDPHWHURUJUHDWHU | WKHWRUXVVKHOO7KHWRUXVDWWDFKHGSLSLQJSHQHWUDWLRQVLQLQGLDPHWHURUJUHDWHU | ||
WKH+3&,DQG5&,&LQGLDPHWHUFRQGHQVDWHGUDLQSHQHWUDWLRQVDQGWKHIRXUWRUXV | WKH+3&,DQG5&,&LQGLDPHWHUFRQGHQVDWHGUDLQSHQHWUDWLRQVDQGWKHIRXUWRUXV | ||
SHQHWUDWLRQVWRWKH(&&6VXFWLRQKHDGHUZHUHPRGLILHGDVGHVFULEHG | SHQHWUDWLRQVWRWKH(&&6VXFWLRQKHDGHUZHUHPRGLILHGDVGHVFULEHG | ||
7KHSLSLQJV | 7KHSLSLQJV\VWHPVDWWDFKHGWRWKHVXSSUHVVLRQFKDPEHULQFOXGLQJWKHVXFWLRQULQJ | ||
KHDGHUDUHVXSSRUWHGWRZLWKVWDQGWKHORDGVJHQHUDWHGIURPWRUXVPRWLRQVGXULQJ | KHDGHUDUHVXSSRUWHGWRZLWKVWDQGWKHORDGVJHQHUDWHGIURPWRUXVPRWLRQVGXULQJ | ||
QRUPDODQGDFFLGHQWFRQGLWLRQV7KHIROORZLQJWRUXVDWWDFKHGSLSLQJV | QRUPDODQGDFFLGHQWFRQGLWLRQV7KHIROORZLQJWRUXVDWWDFKHGSLSLQJV\VWHPVZHUH | ||
HYDOXDWHG 3&$&+3&,WXUELQHH[KDXVW+3&,FRQGHQVDWHGUDLQ5&,&WXUELQH | HYDOXDWHG 3&$&+3&,WXUELQHH[KDXVW+3&,FRQGHQVDWHGUDLQ5&,&WXUELQH | ||
H[KDXVW5&,&RIIJDVORRSV$DQG%RI5+5&RUH6SUD | H[KDXVW5&,&RIIJDVORRSV$DQG%RI5+5&RUH6SUD\GLVFKDUJHSLSLQJDQG | ||
+DUG3LSH9HQW7KH(PHUJHQF | +DUG3LSH9HQW7KH(PHUJHQF\&RUH&RROLQJ6\VWHP (&&6 VXFWLRQULQJKHDGHULV | ||
SDUWRIWKH3ULPDU | SDUWRIWKH3ULPDU\&RQWDLQPHQWDQGWKHUHIRUHLVVXSSRUWHGWRPHHWWKHDVDQDO\]HG | ||
FRQGLWLRQV7KHMXQFWLRQVRIWKHULQJKHDGHUDQGWKHSXPSVXFWLRQSLSLQJWRWKH$DQG | FRQGLWLRQV7KHMXQFWLRQVRIWKHULQJKHDGHUDQGWKHSXPSVXFWLRQSLSLQJWRWKH$DQG | ||
%ORRSVRI5+5DQG&RUH6SUD | %ORRSVRI5+5DQG&RUH6SUD\+3&,DQG5&,&DUHVXSSRUWHGZLWK7VWRSSHUV7KH | ||
7VWRSSHUGHVLJQFRQVLVWVRIWZRVQXEEHUVDQGVWUXWVRQHLWKHUVLGHRIDVXFWLRQSLSH | 7VWRSSHUGHVLJQFRQVLVWVRIWZRVQXEEHUVDQGVWUXWVRQHLWKHUVLGHRIDVXFWLRQSLSH | ||
MXQFWXUHZLWKWKHULQJKHDGHU% | MXQFWXUHZLWKWKHULQJKHDGHU%\GHVLJQWKHVH7VWRSSHUVXSSRUWVYLUWXDOO\ | ||
HOLPLQDWHVDQ | HOLPLQDWHVDQ\0DUN,SURJUDPK\GURG\QDPLFORDGLQSXWIURPWKHVXFWLRQKHDGHUWR | ||
WKHVXFWLRQOLQHV 5HIHUHQFH 7KHUHIRUHWKHSRUWLRQRIWKHVXFWLRQOLQHVEH | WKHVXFWLRQOLQHV 5HIHUHQFH 7KHUHIRUHWKHSRUWLRQRIWKHVXFWLRQOLQHVEH\RQG | ||
WKHVHVXSSRUWVDUHDQDO | WKHVHVXSSRUWVDUHDQDO\]HGWR%ORDGFRPELQDWLRQVLQVWHDGRI0DUN,SURJUDP | ||
FRPELQDWLRQV | FRPELQDWLRQV | ||
6PDOOERUHSLSLQJLQWKHHQYHORSHUHTXLULQJDQDO | 6PDOOERUHSLSLQJLQWKHHQYHORSHUHTXLULQJDQDO\VLVZDVPRGLILHGWRPHHWFRGH | ||
DOORZDEOHVWUHVVOHYHOVZLWKWKHLQVWDOODWLRQRIH[SDQVLRQORRSV | DOORZDEOHVWUHVVOHYHOVZLWKWKHLQVWDOODWLRQRIH[SDQVLRQORRSV | ||
7KHVXSSUHVVLRQFKDPEHUDQGYHQWV | 7KHVXSSUHVVLRQFKDPEHUDQGYHQWV\VWHPGHVLJQGLVFXVVHGDERYHKDVEHHQ | ||
HYDOXDWHGIRUWKHHIIHFWVRI/2&$UHODWHGORDGVDQG659GLVFKDUJHUHODWHGORDGV | HYDOXDWHGIRUWKHHIIHFWVRI/2&$UHODWHGORDGVDQG659GLVFKDUJHUHODWHGORDGV | ||
GHILQHGE | GHILQHGE\WKH1XFOHDU5HJXODWRU\&RPPLVVLRQ6DIHW\(YDOXDWLRQ5HSRUW | ||
185(* 5HIHUHQFH DQGWKH*HQHUDO(OHFWULF5HSRUW1('2³0DUN, | 185(* 5HIHUHQFH DQGWKH*HQHUDO(OHFWULF5HSRUW1('2³0DUN, | ||
&RQWDLQPHQW3URJUDP/RDG'HILQLWLRQ5HSRUW' 5HIHUHQFH $GHWDLOHG | &RQWDLQPHQW3URJUDP/RDG'HILQLWLRQ5HSRUW' 5HIHUHQFH $GHWDLOHG | ||
GLVFXVVLRQRIWKHVHHYDOXDWLRQVDQGWKHLUUHVXOWVDUHSURYLGHGLQWKH0RQWLFHOOR0DUN, | GLVFXVVLRQRIWKHVHHYDOXDWLRQVDQGWKHLUUHVXOWVDUHSURYLGHGLQWKH0RQWLFHOOR0DUN, | ||
&RQWDLQPHQW/RQJ7HUP3URJUDP3ODQW8QLTXH$QDO | &RQWDLQPHQW/RQJ7HUP3URJUDP3ODQW8QLTXH$QDO\VLV5HSRUWV 5HIHUHQFHVDQG | ||
6HH86$56HFWLRQIRUIXUWKHUGLVFXVVLRQ | 6HH86$56HFWLRQIRUIXUWKHUGLVFXVVLRQ | ||
$FFHVVIURPWKH5HDFWRU%XLOGLQJWRWKHSUHVVXUHVXSSUHVVLRQFKDPEHULVSURYLGHG | $FFHVVIURPWKH5HDFWRU%XLOGLQJWRWKHSUHVVXUHVXSSUHVVLRQFKDPEHULVSURYLGHG | ||
WKURXJKWZRPDQKROHVZLWKGRXEOHJDVNHWHGEROWHGFRYHUV7KHVHDFFHVVSRUWVDUH | WKURXJKWZRPDQKROHVZLWKGRXEOHJDVNHWHGEROWHGFRYHUV7KHVHDFFHVVSRUWVDUH | ||
EROWHGFORVHGZKHQ3ULPDU | EROWHGFORVHGZKHQ3ULPDU\&RQWDLQPHQWLQWHJULW\LVUHTXLUHG 5HIHUHQFH $WHVW | ||
FRQQHFWLRQLVSURYLGHGEHWZHHQWKHGRXEOHJDVNHWVRQHDFKFRYHUVXFKWKDWJDVNHW | FRQQHFWLRQLVSURYLGHGEHWZHHQWKHGRXEOHJDVNHWVRQHDFKFRYHUVXFKWKDWJDVNHW | ||
WLJKWQHVVFDQEHFKHFNHGZLWKRXWSUHVVXUL]LQJWKHFRQWDLQPHQW | WLJKWQHVVFDQEHFKHFNHGZLWKRXWSUHVVXUL]LQJWKHFRQWDLQPHQW | ||
$YHQWIURPWKH3ULPDU | $YHQWIURPWKH3ULPDU\&RQWDLQPHQW6\VWHPLVSURYLGHGWKDWLVQRUPDOO\FORVHGEXW | ||
FDQSHUPLWWKHYHQWGLVFKDUJHWREHURXWHGWRWKH6WDQGE | FDQSHUPLWWKHYHQWGLVFKDUJHWREHURXWHGWRWKH6WDQGE\*DV7UHDWPHQW6\VWHPVR | ||
WKDWUHOHDVHRIJDVHVIURPWKH3ULPDU | WKDWUHOHDVHRIJDVHVIURPWKH3ULPDU\&RQWDLQPHQWLVFRQWUROOHGZLWKWKHHIIOXHQWV | ||
EHLQJILOWHUHGDQGPRQLWRUHGEHIRUHGLVFKDUJHWKURXJKWKHRIIJDVVWDFN7HVW | EHLQJILOWHUHGDQGPRQLWRUHGEHIRUHGLVFKDUJHWKURXJKWKHRIIJDVVWDFN7HVW | ||
FRQQHFWLRQVDUHSURYLGHGEHWZHHQWKHGRXEOHLQOHWDQGRXWOHWYDOYHVWRSHUPLW | FRQQHFWLRQVDUHSURYLGHGEHWZHHQWKHGRXEOHLQOHWDQGRXWOHWYDOYHVWRSHUPLW | ||
| Line 883: | Line 883: | ||
$]HURLQFKFRUURVLRQDOORZDQFHZDVVSHFLILHGIRUWKHVXSSUHVVLRQFKDPEHU | $]HURLQFKFRUURVLRQDOORZDQFHZDVVSHFLILHGIRUWKHVXSSUHVVLRQFKDPEHU | ||
DFFRUGLQJWRWKHRULJLQDOPDQXIDFWXUHU¶VGDWDUHSRUWIRXQGLQ86$5$SSHQGL[)SDJH | DFFRUGLQJWRWKHRULJLQDOPDQXIDFWXUHU¶VGDWDUHSRUWIRXQGLQ86$5$SSHQGL[)SDJH | ||
)%+RZHYHUHQJLQHHULQJDQDO | )%+RZHYHUHQJLQHHULQJDQDO\VLVMXVWLILHGDPLOGHVLJQPHWDOORVV FRUURVLRQ | ||
DOORZDQFHIRUWKHVXSSUHVVLRQFKDPEHU | DOORZDQFHIRUWKHVXSSUHVVLRQFKDPEHU | ||
| Line 890: | Line 890: | ||
(OHFWULFDO3HQHWUDWLRQ | (OHFWULFDO3HQHWUDWLRQ | ||
(OHFWULFDOSHQHWUDWLRQVHDOVZHUHGHVLJQHGWRDFFRPPRGDWHWKHHOHFWULFDO | (OHFWULFDOSHQHWUDWLRQVHDOVZHUHGHVLJQHGWRDFFRPPRGDWHWKHHOHFWULFDO | ||
UHTXLUHPHQWVRIWKHSODQW7KHVHDUHIXQFWLRQDOO | UHTXLUHPHQWVRIWKHSODQW7KHVHDUHIXQFWLRQDOO\JURXSHGLQWRORZYROWDJHSRZHU | ||
DQGFRQWUROFDEOHSHQHWUDWLRQDVVHPEOLHVKLJKYROWDJHSRZHUFDEOHSHQHWUDWLRQ | DQGFRQWUROFDEOHSHQHWUDWLRQDVVHPEOLHVKLJKYROWDJHSRZHUFDEOHSHQHWUDWLRQ | ||
DVVHPEOLHVDQGVKLHOGHGFDEOHSHQHWUDWLRQDVVHPEOLHV$OOFDQLVWHUW | DVVHPEOLHVDQGVKLHOGHGFDEOHSHQHWUDWLRQDVVHPEOLHV$OOFDQLVWHUW\SHHOHFWULFDO | ||
SHQHWUDWLRQVHDOVKDYHHVVHQWLDOO | SHQHWUDWLRQVHDOVKDYHHVVHQWLDOO\WKHVDPHEDVLFFRQILJXUDWLRQVKRZQLQ)LJXUH | ||
7KHPRGXODUW | 7KHPRGXODUW\SHHOHFWULFSHQHWUDWLRQDVVHPEO\EDVLFFRQILJXUDWLRQLVVKRZQ | ||
LQ)LJXUHD7KHDVVHPEOLHVDUHVL]HGWREHLQVHUWHGLQWKHLQVFKHGXOH | LQ)LJXUHD7KHDVVHPEOLHVDUHVL]HGWREHLQVHUWHGLQWKHLQVFKHGXOH | ||
SHQHWUDWLRQQR))OHVZKLFKDUHIXUQLVKHGDVSDUWRIWKHFRQWDLQPHQWVWUXFWXUH7KH | SHQHWUDWLRQQR))OHVZKLFKDUHIXUQLVKHGDVSDUWRIWKHFRQWDLQPHQWVWUXFWXUH7KH | ||
SULQFLSDOSHQHWUDWLRQVDUHOLVWHGLQ7DEOHD | SULQFLSDOSHQHWUDWLRQVDUHOLVWHGLQ7DEOHD | ||
2QFDQLVWHUW | 2QFDQLVWHUW\SHSHQHWUDWLRQVKHDGHUSODWHVFRQIRUPLQJWRWKHLQQHUGLDPHWHURIWKH | ||
SHQHWUDWLRQQR))OHDUHSURYLGHGDWHDFKHQGRIWKHSHQHWUDWLRQDVVHPEO | SHQHWUDWLRQQR))OHDUHSURYLGHGDWHDFKHQGRIWKHSHQHWUDWLRQDVVHPEO\IRUPLQJD | ||
GRXEOHSUHVVXUHEDUULHU2QPRGXODUW | GRXEOHSUHVVXUHEDUULHU2QPRGXODUW\SHSHQHWUDWLRQ;DGRXEOHHOHFWULF | ||
FRQGXFWRUVHDOVDQGDVLQJOHDSHUWXUHVHDODUHSURYLGHG'RXEOHDSHUWXUHVHDOLV | FRQGXFWRUVHDOVDQGDVLQJOHDSHUWXUHVHDODUHSURYLGHG'RXEOHDSHUWXUHVHDOLV | ||
SURYLGHGE | SURYLGHGE\DOHDNFKDVHFKDQQHOWKDWPRQLWRUVWKH(3$QR))OHZHOG5DGLDWLRQ | ||
6KLHOGLQJLVDWWDFKHGWRPDQ | 6KLHOGLQJLVDWWDFKHGWRPDQ\RIWKHSHQHWUDWLRQVRQWKHGU\ZHOOVLGHWRSURYLGH | ||
H[WHUQDODFFHVVWRWKHHOHFWULFDOFRQQHFWLRQVGXULQJSODQWRSHUDWLRQ | H[WHUQDODFFHVVWRWKHHOHFWULFDOFRQQHFWLRQVGXULQJSODQWRSHUDWLRQ | ||
7KHGHVLJQDQGIDEULFDWLRQRIWKHFDQLVWHUW | 7KHGHVLJQDQGIDEULFDWLRQRIWKHFDQLVWHUW\SHRISHQHWUDWLRQDVVHPEOLHVLVLQ | ||
DFFRUGDQFHZLWKWKHUHTXLUHPHQWVRI$60(6HFWLRQ,,,&ODVV%9HVVHO | DFFRUGDQFHZLWKWKHUHTXLUHPHQWVRI$60(6HFWLRQ,,,&ODVV%9HVVHO | ||
5HIHUHQFH 7KHPRGXODUW | 5HIHUHQFH 7KHPRGXODUW\SHRISHQHWUDWLRQDVVHPEO\;DDQG | ||
SHQHWUDWLRQV;DQG;PHHW$60(6HFWLRQ,,,6XEVHFWLRQ1(&ODVV0& | SHQHWUDWLRQV;DQG;PHHW$60(6HFWLRQ,,,6XEVHFWLRQ1(&ODVV0& | ||
&RGH(GLWLRQDQG &RGHHGLWLRQZLWK6XPPHU $GGHQGDUHVSHFWLYHO | &RGH(GLWLRQDQG &RGHHGLWLRQZLWK6XPPHU $GGHQGDUHVSHFWLYHO\ | ||
5HIHUHQFHDQG 0DWHULDOVRIFRQVWUXFWLRQDUHVHOIH[WLQJXLVKLQJLQ | 5HIHUHQFHDQG 0DWHULDOVRIFRQVWUXFWLRQDUHVHOIH[WLQJXLVKLQJLQ | ||
DFFRUGDQFHZLWK$670'7KHPRGXODUW | DFFRUGDQFHZLWK$670'7KHPRGXODUW\SHRISHQHWUDWLRQDVVHPEO\;D | ||
DQGSHQHWUDWLRQV;DQG;PHHW,(((6WDQGDUG 5HIHUHQFH | DQGSHQHWUDWLRQV;DQG;PHHW,(((6WDQGDUG 5HIHUHQFH | ||
7KHHOHFWULFDOSHQHWUDWLRQVZHUHGHVLJQHGWRZLWKVWDQGHQYLURQPHQWDOFRQGLWLRQV | 7KHHOHFWULFDOSHQHWUDWLRQVZHUHGHVLJQHGWRZLWKVWDQGHQYLURQPHQWDOFRQGLWLRQV | ||
SUHVHQWGXULQJDSRVWXODWHGORVVRIFRRODQWDFFLGHQWDVZHOODVPDLQWDLQLQJ | SUHVHQWGXULQJDSRVWXODWHGORVVRIFRRODQWDFFLGHQWDVZHOODVPDLQWDLQLQJ | ||
FRQWDLQPHQWLQWHJULW | FRQWDLQPHQWLQWHJULW\IRUH[WHQGHGSHULRGVRIWLPHDWDSRVWDFFLGHQWHQYLURQPHQW | ||
7KHVHFRQGLWLRQVLQFOXGLQJWKHRULJLQDO KLVWRULFDO QRUPDORSHUDWLQJHQYLURQPHQW | 7KHVHFRQGLWLRQVLQFOXGLQJWKHRULJLQDO KLVWRULFDO QRUPDORSHUDWLQJHQYLURQPHQW | ||
FRQGLWLRQDUHVKRZQLQ7DEOH | FRQGLWLRQDUHVKRZQLQ7DEOH | ||
7KHLQVWDOOHGDVVHPEOLHVDUHGHVLJQHGWRZLWKVWDQGDFRQWLQXRXVLQWHUQDOSUHVVXUHRI | 7KHLQVWDOOHGDVVHPEOLHVDUHGHVLJQHGWRZLWKVWDQGDFRQWLQXRXVLQWHUQDOSUHVVXUHRI | ||
SVLGXULQJQRUPDOHQYLURQPHQWDOFRQGLWLRQVDQGWRPHHWDOHDNUDWHRI | SVLGXULQJQRUPDOHQYLURQPHQWDOFRQGLWLRQVDQGWRPHHWDOHDNUDWHRI | ||
[FFSHUVHFRQGZKHQSUHVVXUL]HGWRSVLJZLWKGU | [FFSHUVHFRQGZKHQSUHVVXUL]HGWRSVLJZLWKGU\KHOLXPDWDQDPELHQW | ||
WHPSHUDWXUHRI)7KHVHFRQGLWLRQVZHUHYHULILHGSULRUWRLQVWDOODWLRQLQWKH | WHPSHUDWXUHRI)7KHVHFRQGLWLRQVZHUHYHULILHGSULRUWRLQVWDOODWLRQLQWKH | ||
SULPDU | SULPDU\FRQWDLQPHQW2QFHLQVWDOOHGSHQHWUDWLRQDVVHPEOLHVDUHSHULRGLFDOO\WHVWHG | ||
3HQHWUDWLRQV;DQG;DUHGHVLJQHGWRPHHWDFRQWLQXRXVLQWHUQDOSUHVVXUH | 3HQHWUDWLRQV;DQG;DUHGHVLJQHGWRPHHWDFRQWLQXRXVLQWHUQDOSUHVVXUH | ||
RISVLGXULQJDFFLGHQWHQYLURQPHQWDOFRQGLWLRQVDQGWRPHHWDOHDNUDWHRIOHVV | RISVLGXULQJDFFLGHQWHQYLURQPHQWDOFRQGLWLRQVDQGWRPHHWDOHDNUDWHRIOHVV | ||
WKDQ[FFSHUVHFRQGGU | WKDQ[FFSHUVHFRQGGU\KHOLXPDWWKLVSUHVVXUH | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 937: | Line 937: | ||
3HQHWUDWLRQ;DLVGHVLJQHGWRPHHWDFRQWLQXRXVLQWHUQDOSUHVVXUHRISVL | 3HQHWUDWLRQ;DLVGHVLJQHGWRPHHWDFRQWLQXRXVLQWHUQDOSUHVVXUHRISVL | ||
GXULQJDFFLGHQWHQYLURQPHQWDOFRQGLWLRQV7KHGHVLJQJDVOHDNUDWHRIWKLV | GXULQJDFFLGHQWHQYLURQPHQWDOFRQGLWLRQV7KHGHVLJQJDVOHDNUDWHRIWKLV | ||
SHQHWUDWLRQLVQRWJUHDWHUWKDQ[FFSHUVHFRQGRIGU | SHQHWUDWLRQLVQRWJUHDWHUWKDQ[FFSHUVHFRQGRIGU\QLWURJHQDWWKHGHVLJQ | ||
WHPSHUDWXUHDQGSUHVVXUH | WHPSHUDWXUHDQGSUHVVXUH | ||
/RZ9ROWDJH$VVHPEO | /RZ9ROWDJH$VVHPEO\ | ||
7KHORZYROWDJHDVVHPEO | 7KHORZYROWDJHDVVHPEO\LVVXLWDEOHIRUYROWDJHVRI9RUOHVVDQGLVGHVLJQHG | ||
IRUFRQGXFWRUVYDU | IRUFRQGXFWRUVYDU\LQJLQVL]HIURPWRDZJ7KHFDEOHVDUHJURXSHGDQG | ||
SDVVHGWKURXJKRSHQLQJVLQWKHKHDGHUSODWHVDVVKRZQLQ)LJXUH3RWWLQJ | SDVVHGWKURXJKRSHQLQJVLQWKHKHDGHUSODWHVDVVKRZQLQ)LJXUH3RWWLQJ | ||
FRPSRXQGLVDSSOLHGDWHDFKHQGRIWKHSHQHWUDWLRQWRVHDOWKHDVVHPEOLHV | FRPSRXQGLVDSSOLHGDWHDFKHQGRIWKHSHQHWUDWLRQWRVHDOWKHDVVHPEOLHV | ||
&DEOHVDUHWHUPLQDWHGDWHLWKHUVSOLFHVRUDWHQYLURQPHQWDOUHVLVWDQWFRQQHFWRUV | &DEOHVDUHWHUPLQDWHGDWHLWKHUVSOLFHVRUDWHQYLURQPHQWDOUHVLVWDQWFRQQHFWRUV | ||
7KHPD[LPXPZLUHGHQVLW | 7KHPD[LPXPZLUHGHQVLW\LVUHVWULFWHGWRRIWKHHQGIODQJHFURVVVHFWLRQDO | ||
DUHD | DUHD | ||
| Line 952: | Line 952: | ||
6KLHOGHGVLJQDOFDEOHVDUHSURYLGHGWRLQWHUFRQQHFWORZQRLVHFLUFXLWVEHWZHHQWKH | 6KLHOGHGVLJQDOFDEOHVDUHSURYLGHGWRLQWHUFRQQHFWORZQRLVHFLUFXLWVEHWZHHQWKH | ||
UHDFWRUDQGWKHFRQWUROURRP LQSDUWLFXODUWKHUHDFWRUQHXWURQPRQLWRULQJ | UHDFWRUDQGWKHFRQWUROURRP LQSDUWLFXODUWKHUHDFWRUQHXWURQPRQLWRULQJ | ||
FKDQQHOV)LJXUHVKRZVDFXWDZD | FKDQQHOV)LJXUHVKRZVDFXWDZD\YLHZRIWKHFRQWDLQPHQWSHQHWUDWLRQ | ||
DVVHPEO | DVVHPEO\IRUVKLHOGHGVLJQDOFDEOHV2QHW\SHRIFLUFXLWXVHVFRD[FRQQHFWRUV | ||
PRXQWHGGLUHFWO | PRXQWHGGLUHFWO\RQWKHKHDGHUSODWHVDQGLVLVRODWHGIURPJURXQG$QRWKHUW\SHRI | ||
FLUFXLWXVHVFRQQHFWRUVPRXQWHGRQWKHSHQHWUDWLRQDVVHPEO | FLUFXLWXVHVFRQQHFWRUVPRXQWHGRQWKHSHQHWUDWLRQDVVHPEO\DX[LOLDU\VWUXFWXUH | ||
7KHFDEOHGHQVLW | 7KHFDEOHGHQVLW\LVUHVWULFWHGWRRQHFLUFXLWSHUVTXDUHLQFKHVRIKHDGHUSODWH | ||
VXUIDFHIRUWKHILUVWW | VXUIDFHIRUWKHILUVWW\SHDQGDSSUR[LPDWHO\FLUFXLWVRIWKHODWWHUW\SHIRUHDFK | ||
LQSHQHWUDWLRQQR))OH3HQHWUDWLRQV;DQG;KDYHVL[WULD[LDO | LQSHQHWUDWLRQQR))OH3HQHWUDWLRQV;DQG;KDYHVL[WULD[LDO | ||
FRQQHFWRUVDQGRQHWKHUPRFRXSOHFRQQHFWRU ZLWKFLUFXLWV $OOFRQQHFWRUVDUH | FRQQHFWRUVDQGRQHWKHUPRFRXSOHFRQQHFWRU ZLWKFLUFXLWV $OOFRQQHFWRUVDUH | ||
| Line 965: | Line 965: | ||
+LJK9ROWDJH&DEOH | +LJK9ROWDJH&DEOH | ||
$VHFWLRQDOYLHZRIWKHKLJKYROWDJHSRZHUFDEOHSHQHWUDWLRQDVVHPEO | $VHFWLRQDOYLHZRIWKHKLJKYROWDJHSRZHUFDEOHSHQHWUDWLRQDVVHPEO\LVVKRZQRQ | ||
)LJXUH7KHSHQHWUDWLRQDVVHPEO | )LJXUH7KHSHQHWUDWLRQDVVHPEO\DFFRPPRGDWHVYROWDJHVXSWR.9DQG | ||
FDEOHVDVODUJHDV0&0DQGLVGHVLJQHGWRPDLQWDLQORZJDVOHDNDJHUDWHV | FDEOHVDVODUJHDV0&0DQGLVGHVLJQHGWRPDLQWDLQORZJDVOHDNDJHUDWHV | ||
DQGKLJKLQVXODWLRQUHVLVWDQFH7KHKLJKYROWDJHFDEOHVDUHSDVVHGWKURXJK | DQGKLJKLQVXODWLRQUHVLVWDQFH7KHKLJKYROWDJHFDEOHVDUHSDVVHGWKURXJK | ||
RSHQLQJVLQWKHKHDGHUSODWHVDQGSRWWLQJFRPSRXQGDSSOLHGWRERWKVLGHVRIWKH | RSHQLQJVLQWKHKHDGHUSODWHVDQGSRWWLQJFRPSRXQGDSSOLHGWRERWKVLGHVRIWKH | ||
KHDGHUSODWHVWRHIIHFWDSUHVVXUHVHDO7KHKHDGHUSODWHVDUHFRQVWUXFWHGRI | KHDGHUSODWHVWRHIIHFWDSUHVVXUHVHDO7KHKHDGHUSODWHVDUHFRQVWUXFWHGRI | ||
QRQPDJQHWLFVWDLQOHVVVWHHOLQRUGHUWRHOLPLQDWHWKHSRVVLELOLW | QRQPDJQHWLFVWDLQOHVVVWHHOLQRUGHUWRHOLPLQDWHWKHSRVVLELOLW\RIHGG\FXUUHQW | ||
KHDWLQJ | KHDWLQJ | ||
3LSLQJ3HQHWUDWLRQV | 3LSLQJ3HQHWUDWLRQV | ||
3LSHSHQHWUDWLRQVDUHRIWZRJHQHUDOW | 3LSHSHQHWUDWLRQVDUHRIWZRJHQHUDOW\SHV LHWKRVHWKDWDFFRPPRGDWHWKHUPDO | ||
PRYHPHQW KRW DQGWKRVHWKDWH[SHULHQFHUHODWLYHO | PRYHPHQW KRW DQGWKRVHWKDWH[SHULHQFHUHODWLYHO\OLWWOHWKHUPDOPRYHPHQW FROG | ||
)OXLGSLSLQJSHQHWUDWLRQVIRUZKLFKPRYHPHQWSURYLVLRQVDUHPDGHDUHKLJK | )OXLGSLSLQJSHQHWUDWLRQVIRUZKLFKPRYHPHQWSURYLVLRQVDUHPDGHDUHKLJK | ||
WHPSHUDWXUHOLQHVVXFKDVWKHPDLQVWHDPOLQHDQGFHUWDLQRWKHUUHDFWRUDX[LOLDU | WHPSHUDWXUHOLQHVVXFKDVWKHPDLQVWHDPOLQHDQGFHUWDLQRWKHUUHDFWRUDX[LOLDU\DQG | ||
FRROLQJV | FRROLQJV\VWHPOLQHV$W\SLFDOSHQHWUDWLRQRIWKLVW\SHLVVKRZQLQ)LJXUH | ||
7KHVHSHQHWUDWLRQVKDYHDJXDUGSLSHEHWZHHQWKHKRWOLQHDQGWKHSHQHWUDWLRQ | 7KHVHSHQHWUDWLRQVKDYHDJXDUGSLSHEHWZHHQWKHKRWOLQHDQGWKHSHQHWUDWLRQ | ||
QR))OHLQDGGLWLRQWRDGRXEOHVHDODUUDQJHPHQW7KLVSHUPLWVWKHSHQHWUDWLRQWREH | QR))OHLQDGGLWLRQWRDGRXEOHVHDODUUDQJHPHQW7KLVSHUPLWVWKHSHQHWUDWLRQWREH | ||
| Line 991: | Line 991: | ||
YHQWHGWRWKHGU | YHQWHGWRWKHGU\ZHOOVKRXOGDUXSWXUHRIWKHKRWOLQHRFFXUZLWKLQWKHSHQHWUDWLRQ | ||
7KHJXDUGSLSHVDUHGHVLJQHGWRWKHVDPHSUHVVXUHDQGWHPSHUDWXUHDVWKHIOXLGOLQH | 7KHJXDUGSLSHVDUHGHVLJQHGWRWKHVDPHSUHVVXUHDQGWHPSHUDWXUHDVWKHIOXLGOLQH | ||
DQGDUHDWWDFKHGWRDSHQHWUDWLRQKHDGILWWLQJDRQHSLHFHIRUJLQJZLWKLQWHJUDOIOXHV | DQGDUHDWWDFKHGWRDSHQHWUDWLRQKHDGILWWLQJDRQHSLHFHIRUJLQJZLWKLQWHJUDOIOXHV | ||
RUQR))OHV7KHVHZHUHGHVLJQHGWRWKH$60(6HFWLRQ,,,&ODVV% 5HIHUHQFH | RUQR))OHV7KHVHZHUHGHVLJQHGWRWKH$60(6HFWLRQ,,,&ODVV% 5HIHUHQFH | ||
7KHSHQHWUDWLRQVOHHYHLVZHOGHGWRWKHGU | 7KHSHQHWUDWLRQVOHHYHLVZHOGHGWRWKHGU\ZHOODQGH[WHQGVWKURXJKWKHELRORJLFDO | ||
VKLHOGZKHUHLWLVZHOGHGWRDEHOORZVZKLFKLQWXUQLVZHOGHGWRWKHJXDUGSLSH7KH | VKLHOGZKHUHLWLVZHOGHGWRDEHOORZVZKLFKLQWXUQLVZHOGHGWRWKHJXDUGSLSH7KH | ||
EHOORZVDFFRPPRGDWHVWKHWKHUPDOH[SDQVLRQRIWKHGU | EHOORZVDFFRPPRGDWHVWKHWKHUPDOH[SDQVLRQRIWKHGU\ZHOO$GRXEOHEHOORZV | ||
DUUDQJHPHQWSHUPLWVOHDNWHVWLQJRIWKHSHQHWUDWLRQVHDO7KHOLQHVDUHFRQVWUDLQHG | DUUDQJHPHQWSHUPLWVOHDNWHVWLQJRIWKHSHQHWUDWLRQVHDO7KHOLQHVDUHFRQVWUDLQHG | ||
WROLPLWWKHPRYHPHQWRIWKHOLQHUHODWLYHWRWKHFRQWDLQPHQW | WROLPLWWKHPRYHPHQWRIWKHOLQHUHODWLYHWRWKHFRQWDLQPHQW\HWSHUPLWSLSH | ||
PRYHPHQWSDUDOOHOWRWKHSHQHWUDWLRQ | PRYHPHQWSDUDOOHOWRWKHSHQHWUDWLRQ | ||
6PDOOERUHOLQHVZKLFKFRQQHFWWRKLJKSUHVVXUHV | 6PDOOERUHOLQHVZKLFKFRQQHFWWRKLJKSUHVVXUHV\VWHPVVXFKDVLQVWUXPHQWOLQHV | ||
DQGFRQWUROURGGULYHK | DQGFRQWUROURGGULYHK\GUDXOLFOLQHVGRQRWKDYHDGRXEOHVHDOSHQHWUDWLRQVOHHYH | ||
7KHVHOLQHVDUHHLWKHUEXQFKHGLQJURXSVRIVL[OLQHVDQGZHOGHGLQDVLQJOHSLSH | 7KHVHOLQHVDUHHLWKHUEXQFKHGLQJURXSVRIVL[OLQHVDQGZHOGHGLQDVLQJOHSLSH | ||
VOHHYHRUVKRSZHOGHGLQODUJHJURXSVGLUHFWO | VOHHYHRUVKRSZHOGHGLQODUJHJURXSVGLUHFWO\WRWKHGU\ZHOOSODWH7KHPHFKDQLFDO | ||
SUREOHPVLQYROYHGZLWKWKLVQXPEHURIVPDOOSHQHWUDWLRQVLQDUHODWLYHO | SUREOHPVLQYROYHGZLWKWKLVQXPEHURIVPDOOSHQHWUDWLRQVLQDUHODWLYHO\VPDOODUHD | ||
PDNHLWLPSUDFWLFDOWRSURYLGHLQGLYLGXDOSHQHWUDWLRQVOHHYHV7KHSLSHVDUH | PDNHLWLPSUDFWLFDOWRSURYLGHLQGLYLGXDOSHQHWUDWLRQVOHHYHV7KHSLSHVDUH | ||
GHVLJQHGWRGHIOHFWZLWKWKHGU | GHVLJQHGWRGHIOHFWZLWKWKHGU\ZHOOVKHOO | ||
3HQHWUDWLRQGHWDLOVRIFROGSLSLQJOLQHVDUHVKRZQLQ)LJXUH7KHSLSHVOHHYH | 3HQHWUDWLRQGHWDLOVRIFROGSLSLQJOLQHVDUHVKRZQLQ)LJXUH7KHSLSHVOHHYH | ||
ZKLFKDWWDFKHVWRWKHGU | ZKLFKDWWDFKHVWRWKHGU\ZHOOLVGHVLJQHGIRUSVLJEXWEHFDXVHRIVWUXFWXUDO | ||
WKLFNQHVVFDQZLWKVWDQGDVXEVWDQWLDOO | WKLFNQHVVFDQZLWKVWDQGDVXEVWDQWLDOO\KLJKHUSUHVVXUH1REHOORZVDUHUHTXLUHG | ||
VLQFHWKHUPDOH[SDQVLRQLVPLQLPDO$WDEXODWLRQRIWKHW | VLQFHWKHUPDOH[SDQVLRQLVPLQLPDO$WDEXODWLRQRIWKHW\SHRISHQHWUDWLRQXVHGIRU | ||
HDFKVHUYLFHLVVKRZQLQ7DEOHD | HDFKVHUYLFHLVVKRZQLQ7DEOHD | ||
$OOSLSHVWKDWSHQHWUDWHWKH3ULPDU | $OOSLSHVWKDWSHQHWUDWHWKH3ULPDU\&RQWDLQPHQWDUHZHOGHGWRDFRQWDLQPHQWVOHHYH | ||
ZLWKWKHVOHHYHZHOGHGWRWKHFRQWDLQPHQWVKHOO7KHUHLVQRGLUHFWZHOGPHQWRIWKH | ZLWKWKHVOHHYHZHOGHGWRWKHFRQWDLQPHQWVKHOO7KHUHLVQRGLUHFWZHOGPHQWRIWKH | ||
SLSHWRWKHFRQWDLQPHQWVKHOO | SLSHWRWKHFRQWDLQPHQWVKHOO | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW$X[LOLDU\6\VWHPV | ||
6SUD | 6SUD\&RROLQJ6\VWHP | ||
$VSUD | $VSUD\FRROLQJV\VWHPLVSURYLGHGLQERWKWKHGU\ZHOODQGVXSSUHVVLRQFKDPEHUIRU | ||
SRVWDFFLGHQWXVH:DWHUSXPSHGWKURXJKWKH5+5KHDWH[FKDQJHUVFDQEH | SRVWDFFLGHQWXVH:DWHUSXPSHGWKURXJKWKH5+5KHDWH[FKDQJHUVFDQEH | ||
GLYHUWHGWRHLWKHURUERWKWKHGU | GLYHUWHGWRHLWKHURUERWKWKHGU\ZHOODQGVXSSUHVVLRQFKDPEHU7KHVHVSUD\V | ||
FRQGHQVHVWHDPWKDWPD | FRQGHQVHVWHDPWKDWPD\H[LVWLQHLWKHUFKDPEHUDQGWKHUHIRUHVXEVWDQWLDOO\ | ||
UHGXFHSUHVVXUHLQWKHFRQWDLQPHQW6LQFHWKLVV | UHGXFHSUHVVXUHLQWKHFRQWDLQPHQW6LQFHWKLVV\VWHPLVSDUWRIWKH5+5V\VWHPLW | ||
LVIXUWKHUGHVFULEHGLQ6HFWLRQ | LVIXUWKHUGHVFULEHGLQ6HFWLRQ | ||
&RROLQJDQG9HQWLODWLRQ6 | &RROLQJDQG9HQWLODWLRQ6\VWHP | ||
7KHSULPDU | 7KHSULPDU\FRQWDLQPHQWYHQWLODWLQJDQGFRROLQJV\VWHPFRQVLVWVRIIRXUDLUFRROHUV | ||
ZKLFKFRROWKHDWPRVSKHUHWREHORZD)EXONDYHUDJHGU | ZKLFKFRROWKHDWPRVSKHUHWREHORZD)EXONDYHUDJHGU\ZHOOWHPSHUDWXUH | ||
GXULQJQRUPDOSODQWRSHUDWLRQ7KLVWHPSHUDWXUHLVDVVXPHGDVDQLQLWLDOFRQGLWLRQ | GXULQJQRUPDOSODQWRSHUDWLRQ7KLVWHPSHUDWXUHLVDVVXPHGDVDQLQLWLDOFRQGLWLRQ | ||
IRUHYDOXDWLRQRI136+IRUWKH(&&6SXPSV 5HIHUHQFHV DQG 7KH | IRUHYDOXDWLRQRI136+IRUWKH(&&6SXPSV 5HIHUHQFHV DQG 7KH | ||
GU | GU\ZHOODWPRVSKHUHLVFLUFXODWHGWKURXJKWKHGU\ZHOODQGWKHDLUFRROHUVE\IDQVDQG | ||
WKHUHDFWRUEXLOGLQJFORVHGFRROLQJZDWHUV | WKHUHDFWRUEXLOGLQJFORVHGFRROLQJZDWHUV\VWHPLVHPSOR\HGWRUHPRYHKHDWIURP | ||
WKHDLUFRROHUV% | WKHDLUFRROHUV%\PDLQWDLQLQJWKHEXONDYHUDJHGU\ZHOOWHPSHUDWXUHZHOOEHORZWKH | ||
)ORFDOL]HGOLPLWGXULQJQRUPDOSODQWRSHUDWLRQWKHLQVXODWLRQRQPRWRUV | )ORFDOL]HGOLPLWGXULQJQRUPDOSODQWRSHUDWLRQWKHLQVXODWLRQRQPRWRUV | ||
LVRODWLRQYDOYHVRSHUDWRUVDQGVHQVRUVLQVWUXPHQWDQGHOHFWULFDOFDEOHVDQG | LVRODWLRQYDOYHVRSHUDWRUVDQGVHQVRUVLQVWUXPHQWDQGHOHFWULFDOFDEOHVDQG | ||
| Line 1,049: | Line 1,049: | ||
&RQWDLQPHQW,VRODWLRQ9DOYHV | &RQWDLQPHQW,VRODWLRQ9DOYHV | ||
7DEOHE 3ULPDU | 7DEOHE 3ULPDU\&RQWDLQPHQW$XWRPDWLF,VRODWLRQ9DOYHV SURYLGHVDOLVWLQJRI | ||
DOOWKHSULPDU | DOOWKHSULPDU\FRQWDLQPHQWDXWRPDWLFLVRODWLRQYDOYHVDORQJZLWKSHUWLQHQW | ||
LQIRUPDWLRQVSHFLILFWRHDFKYDOYHOLVWHG HJLVRODWLRQVLJQDODFWXDWLRQPRGH | LQIRUPDWLRQVSHFLILFWRHDFKYDOYHOLVWHG HJLVRODWLRQVLJQDODFWXDWLRQPRGH | ||
QRUPDORSHUDWLQJSRVLWLRQFORVXUHWLPHHWF 7DEOHDSURYLGHVDOLVWLQJRI | QRUPDORSHUDWLQJSRVLWLRQFORVXUHWLPHHWF 7DEOHDSURYLGHVDOLVWLQJRI | ||
FRQWDLQPHQWSHQHWUDWLRQVZLWKVSHFLILFGHVFULSWLRQDQGDSSOLFDEOH$SSHQGL[-W | FRQWDLQPHQWSHQHWUDWLRQVZLWKVSHFLILFGHVFULSWLRQDQGDSSOLFDEOH$SSHQGL[-W\SH | ||
WHVW | WHVW | ||
(IIOXHQWOLQHVVXFKDVPDLQVWHDPOLQHVZKLFKFRQQHFWWRWKHUHDFWRUSULPDU | (IIOXHQWOLQHVVXFKDVPDLQVWHDPOLQHVZKLFKFRQQHFWWRWKHUHDFWRUSULPDU\YHVVHO | ||
RUZKLFKDUHRSHQWRWKHSULPDU | RUZKLFKDUHRSHQWRWKHSULPDU\FRQWDLQPHQWKDYHDLUVROHQRLGRUPRWRURSHUDWHG | ||
YDOYHV6WXGLHVKDYHVKRZQWKLVDUUDQJHPHQWWRKDYHDKLJKUHOLDELOLW | YDOYHV6WXGLHVKDYHVKRZQWKLVDUUDQJHPHQWWRKDYHDKLJKUHOLDELOLW\ZLWKUHVSHFW | ||
WRIXQFWLRQDOSHUIRUPDQFH7KHVHYDOYHVDUHFORVHGDXWRPDWLFDOO | WRIXQFWLRQDOSHUIRUPDQFH7KHVHYDOYHVDUHFORVHGDXWRPDWLFDOO\E\WKHVLJQDOV | ||
LQGLFDWHGLQ7DEOHE | LQGLFDWHGLQ7DEOHE | ||
2QLQIORZLQJOLQHVHLWKHURIWZRYDOYHDUUDQJHPHQWVLVXVHG(LWKHUERWKLVRODWLRQ | 2QLQIORZLQJOLQHVHLWKHURIWZRYDOYHDUUDQJHPHQWVLVXVHG(LWKHUERWKLVRODWLRQ | ||
YDOYHVLQVHULHVDUHVHOIDFWXDWHGFKHFNYDOYHVRQHLQVLGHDQGRQHRXWVLGHWKH | YDOYHVLQVHULHVDUHVHOIDFWXDWHGFKHFNYDOYHVRQHLQVLGHDQGRQHRXWVLGHWKH | ||
FRQWDLQPHQWRURQHLVDFKHFNYDOYHDQGWKHRWKHULVDSRZHURSHUDWHGYDOYH | FRQWDLQPHQWRURQHLVDFKHFNYDOYHDQGWKHRWKHULVDSRZHURSHUDWHGYDOYH | ||
HOHFWULFPRWRUVROHQRLGRUDLU 2QOLQHVZKHUHIORZPD | HOHFWULFPRWRUVROHQRLGRUDLU 2QOLQHVZKHUHIORZPD\EHLQHLWKHUGLUHFWLRQERWK | ||
YDOYHVDUHSRZHURSHUDWHG6HH6HFWLRQIRULVRODWLRQFULWHULDH[FHSWLRQV | YDOYHVDUHSRZHURSHUDWHG6HH6HFWLRQIRULVRODWLRQFULWHULDH[FHSWLRQV | ||
7,3V | 7,3V\VWHPJXLGHWXEHVDUHSURYLGHGZLWKDQLVRODWLRQYDOYHZKLFKFORVHV | ||
DXWRPDWLFDOO | DXWRPDWLFDOO\XSRQUHFHLSWRISURSHUVLJQDODQGDIWHUWKH7,3FDEOHDQGILVVLRQ | ||
FKDPEHUKDYHEHHQUHWUDFWHG9DOYHSRVLWLRQ IXOORSHQRUIXOOFORVHG RIWKH | FKDPEHUKDYHEHHQUHWUDFWHG9DOYHSRVLWLRQ IXOORSHQRUIXOOFORVHG RIWKH | ||
DXWRPDWLFFORVLQJYDOYHVLVLQGLFDWHGLQWKHFRQWUROURRP,QVHULHVZLWKWKLVLVRODWLRQ | DXWRPDWLFFORVLQJYDOYHVLVLQGLFDWHGLQWKHFRQWUROURRP,QVHULHVZLWKWKLVLVRODWLRQ | ||
YDOYHDQDGGLWLRQDORUEDFNXSLVRODWLRQVKHDUYDOYHLVLQFOXGHG%RWKYDOYHVDUH | YDOYHDQDGGLWLRQDORUEDFNXSLVRODWLRQVKHDUYDOYHLVLQFOXGHG%RWKYDOYHVDUH | ||
ORFDWHGRXWVLGHWKHGU | ORFDWHGRXWVLGHWKHGU\ZHOO7KHIXQFWLRQRIWKHVKHDUYDOYHLVWRDVVXUHLQWHJULW\RI | ||
WKHFRQWDLQPHQWHYHQLQWKHXQOLNHO | WKHFRQWDLQPHQWHYHQLQWKHXQOLNHO\HYHQWWKDWWKHRWKHULVRODWLRQYDOYHVKRXOGIDLOWR | ||
FORVHRUWKHFKDPEHUGULYHFDEOHVKRXOGIDLOWRUHWUDFWLILWVKRXOGEHH[WHQGHGLQWKH | FORVHRUWKHFKDPEHUGULYHFDEOHVKRXOGIDLOWRUHWUDFWLILWVKRXOGEHH[WHQGHGLQWKH | ||
JXLGHWXEHGXULQJWKHWLPHWKDWFRQWDLQPHQWLVRODWLRQLVUHTXLUHG7KLVYDOYHLV | JXLGHWXEHGXULQJWKHWLPHWKDWFRQWDLQPHQWLVRODWLRQLVUHTXLUHG7KLVYDOYHLV | ||
GHVLJQHGWRVKHDUWKHFDEOHDQGVHDOWKHJXLGHWXEHXSRQDQDFWXDWLRQVLJQDO(DFK | GHVLJQHGWRVKHDUWKHFDEOHDQGVHDOWKHJXLGHWXEHXSRQDQDFWXDWLRQVLJQDO(DFK | ||
VKHDUYDOYHLVRSHUDWHGLQGHSHQGHQWO | VKHDUYDOYHLVRSHUDWHGLQGHSHQGHQWO\7KHYDOYHLVDQH[SORVLYHW\SHYDOYH'& | ||
RSHUDWHGZLWKPRQLWRULQJRIHDFKDFWXDWLQJFLUFXLWSURYLGHG | RSHUDWHGZLWKPRQLWRULQJRIHDFKDFWXDWLQJFLUFXLWSURYLGHG | ||
,QWKHHYHQWRIDFRQWDLQPHQWLVRODWLRQVLJQDOWKH7,3V | ,QWKHHYHQWRIDFRQWDLQPHQWLVRODWLRQVLJQDOWKH7,3V\VWHPUHFHLYHVDFRPPDQGWR | ||
UHWUDFWWKHWUDYHOLQJSUREHVIRUDOOPHFKDQLVPV8SRQIXOOUHWUDFWLRQWKHLVRODWLRQ | UHWUDFWWKHWUDYHOLQJSUREHVIRUDOOPHFKDQLVPV8SRQIXOOUHWUDFWLRQWKHLVRODWLRQ | ||
YDOYHVDUHWKHQFORVHGDXWRPDWLFDOO | YDOYHVDUHWKHQFORVHGDXWRPDWLFDOO\,IDWUDYHOLQJSUREHLVMDPPHGLQWKHWXEHUXQ | ||
VXFKWKDWLWGRHVQRWUHWUDFWLQVWUXPHQWVVXSSO | VXFKWKDWLWGRHVQRWUHWUDFWLQVWUXPHQWVVXSSO\WKLVLQIRUPDWLRQWRWKHRSHUDWRUZKR | ||
LQWXUQLQYHVWLJDWHVWRGHWHUPLQHLIWKHVKHDUYDOYHVKRXOGEHRSHUDWHG | LQWXUQLQYHVWLJDWHVWRGHWHUPLQHLIWKHVKHDUYDOYHVKRXOGEHRSHUDWHG | ||
3URFHVVOLQHVZKLFKGRQRWFRQQHFWWRWKHUHDFWRUSULPDU | 3URFHVVOLQHVZKLFKGRQRWFRQQHFWWRWKHUHDFWRUSULPDU\V\VWHPRURSHQLQWRWKH | ||
SULPDU | SULPDU\FRQWDLQPHQWDUHSURYLGHGZLWKDWOHDVWRQHUHPRWHO\RSHUDWHGYDOYHORFDWHG | ||
RXWVLGHWKHSULPDU | RXWVLGHWKHSULPDU\FRQWDLQPHQWDFKHFNYDOYHRQWKHLQIOXHQWOLQHRXWVLGHWKH | ||
FRQWDLQPHQWRUDYDOYHRQWKHLQIOXHQWOLQHWKDWLVQRUPDOO | FRQWDLQPHQWRUDYDOYHRQWKHLQIOXHQWOLQHWKDWLVQRUPDOO\FORVHG | ||
,QVWUXPHQWDWLRQSLSLQJFRQQHFWLQJWRWKHUHDFWRUSULPDU | ,QVWUXPHQWDWLRQSLSLQJFRQQHFWLQJWRWKHUHDFWRUSULPDU\V\VWHPZKLFKOHDYHVWKH | ||
SULPDU | SULPDU\FRQWDLQPHQWLVGHDGHQGHGDWLQVWUXPHQWVORFDWHGLQWKHUHDFWRUEXLOGLQJ | ||
7KHVHOLQHVDUHSURYLGHGZLWKDIORZOLPLWLQJFKHFNYDOYHDVZHOODVPDQXDOLVRODWLRQ | 7KHVHOLQHVDUHSURYLGHGZLWKDIORZOLPLWLQJFKHFNYDOYHDVZHOODVPDQXDOLVRODWLRQ | ||
YDOYHV | YDOYHV | ||
7KHLQERDUGSULPDU | 7KHLQERDUGSULPDU\FRQWDLQPHQWLVRODWLRQIRUWKHFRQWUROURGGULYHK\GUDXOLFV\VWHP | ||
LVSURYLGHGE | LVSURYLGHGE\WKHGRXEOHVHDOVIRUWKHZLWKGUDZDOOLQHVDQGE\DEDOOFKHFNYDOYHIRU | ||
WKHLQVHUWOLQHVLQHDFKFRQWUROURGGULYHPHFKDQLVP7KHRXWERDUGSULPDU | WKHLQVHUWOLQHVLQHDFKFRQWUROURGGULYHPHFKDQLVP7KHRXWERDUGSULPDU\ | ||
FRQWDLQPHQWLVRODWLRQIRUWKHZLWKGUDZDOOLQHVLVSURYLGHGE | FRQWDLQPHQWLVRODWLRQIRUWKHZLWKGUDZDOOLQHVLVSURYLGHGE\WKHVFUDPGLVFKDUJH | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 1,103: | Line 1,103: | ||
YHQWDQGGUDLQYDOYHVDQGWKHK | YHQWDQGGUDLQYDOYHVDQGWKHK\GUDXOLFFRQWUROXQLW +&8 GLUHFWLRQDOFRQWUROYDOYHV | ||
7KHRXWERDUGSULPDU | 7KHRXWERDUGSULPDU\FRQWDLQPHQWLVRODWLRQIRUWKHLQVHUWOLQHVLVSURYLGHGE\WKH | ||
FKDUJLQJDQGFRROLQJZDWHUFKHFNYDOYHV+&8DFFXPXODWRUDQGWKH+&8 | FKDUJLQJDQGFRROLQJZDWHUFKHFNYDOYHV+&8DFFXPXODWRUDQGWKH+&8 | ||
GLUHFWLRQDOFRQWUROYDOYHVZLWKHDFKK | GLUHFWLRQDOFRQWUROYDOYHVZLWKHDFKK\GUDXOLFFRQWUROXQLW7KLVGHVLJQKDVEHHQ | ||
UHYLHZHGDQGIRXQGDFFHSWDEOHE | UHYLHZHGDQGIRXQGDFFHSWDEOHE\WKH15& 5HIHUHQFHVDQG | ||
(DFKPRWRURSHUDWHGYDOYHLVSURYLGHGZLWKOLPLWVZLWFKHVZKLFKDUHXVHGWRLQGLFDWH | (DFKPRWRURSHUDWHGYDOYHLVSURYLGHGZLWKOLPLWVZLWFKHVZKLFKDUHXVHGWRLQGLFDWH | ||
WKDWWKHYDOYHVDUHHLWKHURSHQRUFORVHG(DFKPRWRURSHUDWHGYDOYHLVFDSDEOHRI | WKDWWKHYDOYHVDUHHLWKHURSHQRUFORVHG(DFKPRWRURSHUDWHGYDOYHLVFDSDEOHRI | ||
EHLQJDFWXDWHGIURPWKHPDLQFRQWUROURRP | EHLQJDFWXDWHGIURPWKHPDLQFRQWUROURRP | ||
0RWLYHSRZHUIRUHDFKRIDSDLURISRZHURSHUDWHGLVRODWLRQYDOYHVLQVHULHVLV | 0RWLYHSRZHUIRUHDFKRIDSDLURISRZHURSHUDWHGLVRODWLRQYDOYHVLQVHULHVLV | ||
QRUPDOO | QRUPDOO\IURPSK\VLFDOO\LQGHSHQGHQWVRXUFHVWRSUHFOXGHWKHSRVVLELOLW\RIDVLQJOH | ||
PDOIXQFWLRQLQWHUUXSWLQJSRZHUWRERWKYDOYHV$LURSHUDWHGYDOYHVZKLFKFORVHIRU | PDOIXQFWLRQLQWHUUXSWLQJSRZHUWRERWKYDOYHV$LURSHUDWHGYDOYHVZKLFKFORVHIRU | ||
WKHQRUPDOFRQWDLQPHQWLVRODWLRQPRGHIDLOFORVHGRQORVVRIDLUSUHVVXUH(OHFWULF | WKHQRUPDOFRQWDLQPHQWLVRODWLRQPRGHIDLOFORVHGRQORVVRIDLUSUHVVXUH(OHFWULF | ||
| Line 1,118: | Line 1,118: | ||
$OOFRQWDLQPHQWLVRODWLRQYDOYHVLQFOXGLQJWKHLUSRZHURSHUDWRUVDUHGHVLJQHGWR | $OOFRQWDLQPHQWLVRODWLRQYDOYHVLQFOXGLQJWKHLUSRZHURSHUDWRUVDUHGHVLJQHGWR | ||
RSHUDWHXQGHUWKHPRVWH[WUHPHDPELHQWFRQGLWLRQVRISUHVVXUHWHPSHUDWXUHHWF | RSHUDWHXQGHUWKHPRVWH[WUHPHDPELHQWFRQGLWLRQVRISUHVVXUHWHPSHUDWXUHHWF | ||
WRZKLFKWKH | WRZKLFKWKH\PD\EHH[SRVHGDIWHUDPDMRUDFFLGHQW$OWHUQDWHO\DVQRWHGLQ | ||
7DEOHEDXWRPDWLFLVRODWLRQYDOYHVPD | 7DEOHEDXWRPDWLFLVRODWLRQYDOYHVPD\EHGHDFWLYDWHGDQGVHFXUHGLQWKHLU | ||
FORVHGSRVLWLRQDWUHDFWRUFRRODQWWHPSHUDWXUHJUHDWHUWKDQ)$OOLVRODWLRQ | FORVHGSRVLWLRQDWUHDFWRUFRRODQWWHPSHUDWXUHJUHDWHUWKDQ)$OOLVRODWLRQ | ||
YDOYHVLQOLQHVFRQQHFWLQJWRWKHUHDFWRUSULPDU | YDOYHVLQOLQHVFRQQHFWLQJWRWKHUHDFWRUSULPDU\V\VWHPDQGDOODFFHVVLEOHZHOGHG | ||
SLSHFRQQHFWLRQVZHUHIXOO | SLSHFRQQHFWLRQVZHUHIXOO\UDGLRJUDSKHGWRDVVXUHWKHLULQWHJULW\ 5HIHUHQFHV | ||
DQG 7KH | DQG 7KH\DUHEXLOWWRWKHDSSOLFDEOH$60(&RGHVDQGDOOQXFOHDU | ||
LQWHUSUHWDWLRQVDSSO | LQWHUSUHWDWLRQVDSSO\LQJWRWKHVHFRGHV'XHWRFRQFHUQVRYHUPRWRURSHUDWHGYDOYH | ||
SHUIRUPDQFHUDLVHGE | SHUIRUPDQFHUDLVHGE\15&*HQHULF/HWWHU 5HIHUHQFH DQGHQVXLQJ | ||
VXSSOHPHQWVDVDIHW | VXSSOHPHQWVDVDIHW\DVVHVVPHQWRIFRQWDLQPHQWLVRODWLRQPRWRURSHUDWHGYDOYHV | ||
ZDVSHUIRUPHG$OWKRXJKWKHDVVHVVPHQWFRQILUPHGWKDWDOORIWKHYDOYHVZHUH | ZDVSHUIRUPHG$OWKRXJKWKHDVVHVVPHQWFRQILUPHGWKDWDOORIWKHYDOYHVZHUH | ||
RSHUDEOHXSJUDGHVZHUHPDGHGXULQJWKH UHIXHOLQJRXWDJHWRLQFUHDVH | RSHUDEOHXSJUDGHVZHUHPDGHGXULQJWKH UHIXHOLQJRXWDJHWRLQFUHDVH | ||
SHUIRUPDQFHPDUJLQV 5HIHUHQFH | SHUIRUPDQFHPDUJLQV 5HIHUHQFH | ||
7ZR0DLQ6WHDP,VRODWLRQ9DOYHV 06,9V DUHZHOGHGLQDKRUL]RQWDOUXQRIHDFKRI | 7ZR0DLQ6WHDP,VRODWLRQ9DOYHV 06,9V DUHZHOGHGLQDKRUL]RQWDOUXQRIHDFKRI | ||
WKHIRXUPDLQVWHDPSLSHVZLWKRQHYDOYHDVFORVHDVSRVVLEOHWRWKHSULPDU | WKHIRXUPDLQVWHDPSLSHVZLWKRQHYDOYHDVFORVHDVSRVVLEOHWRWKHSULPDU\ | ||
FRQWDLQPHQWEDUULHULQVLGHDQGWKHRWKHUMXVWRXWVLGHWKHEDUULHU7KHYDOYHVZKHQ | FRQWDLQPHQWEDUULHULQVLGHDQGWKHRWKHUMXVWRXWVLGHWKHEDUULHU7KHYDOYHVZKHQ | ||
FORVHGIRUPSDUWRIWKHUHDFWRUV | FORVHGIRUPSDUWRIWKHUHDFWRUV\VWHPSURFHVVEDUULHUIRURSHQLQJVRXWVLGHWKH | ||
SULPDU | SULPDU\FRQWDLQPHQWDQGSDUWRIWKHSULPDU\FRQWDLQPHQWEDUULHUIRUQXFOHDUVXSSO\ | ||
V | V\VWHPEUHDNVLQVLGHWKHFRQWDLQPHQW | ||
7KHPDLQVWHDPLVRODWLRQYDOYHVDUHVKRZQLQ)LJXUH7KH0RQWLFHOORYDOYHV | 7KHPDLQVWHDPLVRODWLRQYDOYHVDUHVKRZQLQ)LJXUH7KH0RQWLFHOORYDOYHV | ||
DUHQRPLQDOLQLQGLDPHWHU+LJKSUHVVXUHKLJKWHPSHUDWXUHVWHDPIORZV | DUHQRPLQDOLQLQGLDPHWHU+LJKSUHVVXUHKLJKWHPSHUDWXUHVWHDPIORZV | ||
WKURXJKWKHYDOYHV7KHYDOYHVDUHGHVLJQHGIRUVDWXUDWHGVWHDPDWSVLJDQG | WKURXJKWKHYDOYHV7KHYDOYHVDUHGHVLJQHGIRUVDWXUDWHGVWHDPDWSVLJDQG | ||
)ZLWKDPRLVWXUHFRQWHQWRIDSSUR[LPDWHO | )ZLWKDPRLVWXUHFRQWHQWRIDSSUR[LPDWHO\ | ||
7KHGHVLJQREMHFWLYHIRUWKHYDOYHVLVDPLQLPXPRI | 7KHGHVLJQREMHFWLYHIRUWKHYDOYHVLVDPLQLPXPRI\HDUVVHUYLFHDWWKHVSHFLILHG | ||
RSHUDWLQJFRQGLWLRQV7KHHVWLPDWHGRSHUDWLQJF | RSHUDWLQJFRQGLWLRQV7KHHVWLPDWHGRSHUDWLQJF\FOHV IXOOVWURNH SHU\HDUDUH | ||
F | F\FOHVGXULQJWKHILUVW\HDUDQGF\FOHVSHU\HDUWKHUHDIWHU | ||
,QDGGLWLRQWRPLQLPXPZDOOWKLFNQHVVUHTXLUHGE | ,QDGGLWLRQWRPLQLPXPZDOOWKLFNQHVVUHTXLUHGE\DSSOLFDEOHFRGHVDFRUURVLRQ | ||
DOORZDQFHRILQPLQLPXPLVDGGHGWRSURYLGHIRU | DOORZDQFHRILQPLQLPXPLVDGGHGWRSURYLGHIRU\HDUVVHUYLFH | ||
7KHFRQWUROXQLWIRUHDFK06,9LVDWWDFKHGWRLWVDLUF | 7KHFRQWUROXQLWIRUHDFK06,9LVDWWDFKHGWRLWVDLUF\OLQGHUDQGFRQWDLQVWKH | ||
SQHXPDWLFFRQWUROYDOYHVDQGVROHQRLGYDOYHVXVHGIRURSHQLQJFORVLQJDQGVORZ | SQHXPDWLFFRQWUROYDOYHVDQGVROHQRLGYDOYHVXVHGIRURSHQLQJFORVLQJDQGVORZ | ||
VSHHGH[HUFLVLQJRIWKHPDLQYDOYH5HPRWHPDQXDOVZLWFKHVLQWKHFRQWUROURRP | VSHHGH[HUFLVLQJRIWKHPDLQYDOYH5HPRWHPDQXDOVZLWFKHVLQWKHFRQWUROURRP | ||
| Line 1,161: | Line 1,161: | ||
LQFOXGHGLQ6HFWLRQ | LQFOXGHGLQ6HFWLRQ | ||
7KHPDLQVWHDPOLQHYDOYHLQVWDOODWLRQVDUHGHVLJQHGDV&ODVV,HTXLSPHQWWRUHVLVW | 7KHPDLQVWHDPOLQHYDOYHLQVWDOODWLRQVDUHGHVLJQHGDV&ODVV,HTXLSPHQWWRUHVLVW | ||
WKHGHVLJQEDVLVHDUWKTXDNH VHH6HFWLRQ (DFKYDOYHDVVHPEO | WKHGHVLJQEDVLVHDUWKTXDNH VHH6HFWLRQ (DFKYDOYHDVVHPEO\LV | ||
PDQXIDFWXUHGWRZLWKVWDQGWKHGHVLJQEDVLVVHLVPLFIRUFHVDSSOLHGDWWKHPDVV | PDQXIDFWXUHGWRZLWKVWDQGWKHGHVLJQEDVLVVHLVPLFIRUFHVDSSOLHGDWWKHPDVV | ||
FHQWHUDVVXPLQJWKHF | FHQWHUDVVXPLQJWKHF\OLQGHUVSULQJRSHUDWRULVFDQWLOHYHUHGIURPWKHYDOYHERG\DQG | ||
WKHYDOYHLVORFDWHGLQDKRUL]RQWDOUXQRISLSH7KHVWUHVVHVFDXVHGE | WKHYDOYHLVORFDWHGLQDKRUL]RQWDOUXQRISLSH7KHVWUHVVHVFDXVHGE\KRUL]RQWDO | ||
DQGYHUWLFDOVHLVPLFIRUFHVDUHFRQVLGHUHGWRDFWVLPXOWDQHRXVO | DQGYHUWLFDOVHLVPLFIRUFHVDUHFRQVLGHUHGWRDFWVLPXOWDQHRXVO\DQGDUHDGGHG | ||
GLUHFWO | GLUHFWO\7KHVWUHVVHVLQWKHDFWXDWRUVXSSRUWVFDXVHGE\VHLVPLFORDGVDUH | ||
FRPELQHGZLWKWKHVWUHVVHVFDXVHGE | FRPELQHGZLWKWKHVWUHVVHVFDXVHGE\RWKHUOLYHDQGGHDGORDGVLQFOXGLQJWKH | ||
RSHUDWLQJORDGV7KHFRQWUROYDOYHVDQGRWKHUHTXLSPHQWSURYLGHGLQWKHYDOYH | RSHUDWLQJORDGV7KHFRQWUROYDOYHVDQGRWKHUHTXLSPHQWSURYLGHGLQWKHYDOYH | ||
DVVHPEOLHVDUHGHVLJQHGPDQXIDFWXUHGDQGVKRSWHVWHGLQDFFRUGDQFHZLWK | DVVHPEOLHVDUHGHVLJQHGPDQXIDFWXUHGDQGVKRSWHVWHGLQDFFRUGDQFHZLWK | ||
| Line 1,175: | Line 1,175: | ||
'HVFULSWLRQRI,QERDUG06,9V | 'HVFULSWLRQRI,QERDUG06,9V | ||
7KHLQERDUG06,9VDUHZ | 7KHLQERDUG06,9VDUHZ\HSDWWHUQJOREHYDOYHV7KHPDLQGLVFRUSRSSHWLV | ||
DWWDFKHGWRWKHORZHUHQGRIWKHVWHPDQGPRYHVLQJXLGHVDWDDQJOHIURPWKH | DWWDFKHGWRWKHORZHUHQGRIWKHVWHPDQGPRYHVLQJXLGHVDWDDQJOHIURPWKH | ||
LQOHWSLSH1RUPDOVWHDPIORZWHQGVWRFORVHWKHYDOYHDQGLQOHWSUHVVXUHWHQGVWR | LQOHWSLSH1RUPDOVWHDPIORZWHQGVWRFORVHWKHYDOYHDQGLQOHWSUHVVXUHWHQGVWR | ||
KROGWKHYDOYHFORVHG | KROGWKHYDOYHFORVHG | ||
7KHGLDPHWHURIWKHSRSSHWVHDWLVDSSUR[LPDWHO | 7KHGLDPHWHURIWKHSRSSHWVHDWLVDSSUR[LPDWHO\WKHVDPHVL]HDVWKHLQVLGH | ||
GLDPHWHURIWKHSLSHDQGWKHDQJOHSHUPLWVVWUHDPOLQLQJRIWKHLQOHWDQGRXWOHW | GLDPHWHURIWKHSLSHDQGWKHDQJOHSHUPLWVVWUHDPOLQLQJRIWKHLQOHWDQGRXWOHW | ||
SDVVDJHWRPLQLPL]HSUHVVXUHGURSGXULQJQRUPDOVWHDPIORZDQGWRDYRLG | SDVVDJHWRPLQLPL]HSUHVVXUHGURSGXULQJQRUPDOVWHDPIORZDQGWRDYRLG | ||
EORFNDJHE | EORFNDJHE\GHEULV7KHSUHVVXUHGURSDWRIUDWHGSRZHULVDSSUR[LPDWHO\ | ||
SVLG 5HIHUHQFH 7KHYDOYHEDFNVHDWVLQWKHIXOO | SVLG 5HIHUHQFH 7KHYDOYHEDFNVHDWVLQWKHIXOO\RSHQSRVLWLRQWR | ||
SUHYHQWOHDNDJHWKURXJKWKHVWHPSDFNLQJ7KHERQQHWKDVSURYLVLRQVIRUVHDO | SUHYHQWOHDNDJHWKURXJKWKHVWHPSDFNLQJ7KHERQQHWKDVSURYLVLRQVIRUVHDO | ||
ZHOGLQJLQFDVHOHDNVGHYHORSDIWHUWKHYDOYHKDVH[WHQVLYHVHUYLFH | ZHOGLQJLQFDVHOHDNVGHYHORSDIWHUWKHYDOYHKDVH[WHQVLYHVHUYLFH | ||
7KHXSSHUHQGRIWKHVWHPLVDWWDFKHGWRDFRPELQDWLRQDLUF | 7KHXSSHUHQGRIWKHVWHPLVDWWDFKHGWRDFRPELQDWLRQDLUF\OLQGHUDQGK\GUDXOLF | ||
GDVKSRWWKDWLVXVHGIRURSHQLQJDQGFORVLQJWKHYDOYHDQGIRUVSHHGFRQWURO | GDVKSRWWKDWLVXVHGIRURSHQLQJDQGFORVLQJWKHYDOYHDQGIRUVSHHGFRQWURO | ||
UHVSHFWLYHO | UHVSHFWLYHO\6SHHGLVDGMXVWHGE\DYDOYHLQWKHK\GUDXOLFUHWXUQOLQHDORQJVLGHWKH | ||
GDVKSRW WKHYDOYHFORVLQJWLPHLVDGMXVWDEOHEHWZHHQDQGVHF | GDVKSRW WKHYDOYHFORVLQJWLPHLVDGMXVWDEOHEHWZHHQDQGVHF | ||
7KHF | 7KHF\OLQGHULVVXSSRUWHGRQODUJHVKDIWVVFUHZHGDQGSLQQHGLQWRWKHYDOYH | ||
ERQQHW)RXURIWKHVKDIWVDUHDOVRXVHGDVJXLGHVIRUWKHKHOLFDOVSULQJV7KHVH | ERQQHW)RXURIWKHVKDIWVDUHDOVRXVHGDVJXLGHVIRUWKHKHOLFDOVSULQJV7KHVH | ||
VSULQJVPDLQWDLQWKHYDOYHVLQWKHFORVHGSRVLWLRQRQFHWKH | VSULQJVPDLQWDLQWKHYDOYHVLQWKHFORVHGSRVLWLRQRQFHWKH\DUHVKXWE\WKHYDOYHV¶ | ||
DLURSHUDWRU7KHVSULQJVH[HUWGRZQZDUGIRUFHRQWKHVSULQJVHDWPHPEHUZKLFK | DLURSHUDWRU7KHVSULQJVH[HUWGRZQZDUGIRUFHRQWKHVSULQJVHDWPHPEHUZKLFK | ||
LVDWWDFKHGWRWKHVWHP6SULQJJXLGHVSUHYHQWVFRULQJLQQRUPDORSHUDWLRQDQG | LVDWWDFKHGWRWKHVWHP6SULQJJXLGHVSUHYHQWVFRULQJLQQRUPDORSHUDWLRQDQG | ||
SUHYHQWELQGLQJLIDVSULQJEUHDNV7KHVSULQJVHDWPHPEHULVDOVRFORVHO | SUHYHQWELQGLQJLIDVSULQJEUHDNV7KHVSULQJVHDWPHPEHULVDOVRFORVHO\JXLGHG | ||
RQWKHVXSSRUWVKDIWVDQGULJLGO | RQWKHVXSSRUWVKDIWVDQGULJLGO\DWWDFKHGWRWKHVWHPWRFRQWURODQ\HFFHQWULFIRUFH | ||
LQFDVHRIDEURNHQVSULQJ | LQFDVHRIDEURNHQVSULQJ | ||
2ULJLQDOGHVLJQVSHFLILFDWLRQDPELHQWRSHUDWLQJFRQGLWLRQVIRUWKHLQERDUG06,9V | 2ULJLQDOGHVLJQVSHFLILFDWLRQDPELHQWRSHUDWLQJFRQGLWLRQVIRUWKHLQERDUG06,9V | ||
DUH)QRUPDO)PD[LPXPDWKXPLGLW | DUH)QRUPDO)PD[LPXPDWKXPLGLW\LQDUDGLDWLRQILHOGRI5KU | ||
JDPPDDQG5KUQHXWURQSOXVJDPPDFRQWLQXRXVIRUGHVLJQOLIH7KHQRUPDO | JDPPDDQG5KUQHXWURQSOXVJDPPDFRQWLQXRXVIRUGHVLJQOLIH7KHQRUPDO | ||
DQGDFFLGHQWWHPSHUDWXUHKXPLGLW | DQGDFFLGHQWWHPSHUDWXUHKXPLGLW\DQGUDGLDWLRQOHYHOVDVVRFLDWHGZLWKWKH | ||
HQYLURQPHQWDOTXDOLILFDWLRQRIWKH06,9VLVSURYLGHGLQWKH(4&HQWUDO)LOH3DUW% | HQYLURQPHQWDOTXDOLILFDWLRQRIWKH06,9VLVSURYLGHGLQWKH(4&HQWUDO)LOH3DUW% | ||
| Line 1,215: | Line 1,215: | ||
15&LQ5HIHUHQFH | 15&LQ5HIHUHQFH | ||
7KHQRUPDOSLORWDQGPDLQSQHXPDWLFVXSSOLHVIRUWKHLQERDUG06,9VDUHSURYLGHG | 7KHQRUPDOSLORWDQGPDLQSQHXPDWLFVXSSOLHVIRUWKHLQERDUG06,9VDUHSURYLGHG | ||
E | E\WKHSODQW,QVWUXPHQW1LWURJHQ6\VWHPDWDQRPLQDOSUHVVXUHRISVLJ,IWKH | ||
,QVWUXPHQW1LWURJHQ6 | ,QVWUXPHQW1LWURJHQ6\VWHPEHFRPHVXQDYDLODEOHWKHVXSSO\ZLOODXWRPDWLFDOO\ | ||
WUDQVIHUWRWKH,QVWUXPHQW$LU6 | WUDQVIHUWRWKH,QVWUXPHQW$LU6\VWHPRUVDIHW\JUDGH$OWHUQDWH1LWURJHQ6\VWHP | ||
5HIHUWR6HFWLRQIRUPRUHLQIRUPDWLRQRQWKH,QVWUXPHQW1LWURJHQ6 | 5HIHUWR6HFWLRQIRUPRUHLQIRUPDWLRQRQWKH,QVWUXPHQW1LWURJHQ6\VWHP | ||
,QVWUXPHQWDQG6HUYLFH$LU6 | ,QVWUXPHQWDQG6HUYLFH$LU6\VWHPDQGWKH$OWHUQDWH1LWURJHQ6\VWHP | ||
:KHQVSULQJVHDWPHPEHUSRVLWLRQIRUDQLQERDUG06,9FRUUHVSRQGVWRDYDOYH | :KHQVSULQJVHDWPHPEHUSRVLWLRQIRUDQLQERDUG06,9FRUUHVSRQGVWRDYDOYH | ||
RSHQSRVLWLRQRI RUJUHDWHUDSDLURIVZLWFKHVRQWKHYDOYHDUHDFWXDWHGDQG | RSHQSRVLWLRQRI RUJUHDWHUDSDLURIVZLWFKHVRQWKHYDOYHDUHDFWXDWHGDQG | ||
| Line 1,225: | Line 1,225: | ||
$OORZDEOHVFUDPWULSVHWWLQJVDUHDGGUHVVHGLQWKH7HFKQLFDO6SHFLILFDWLRQV | $OORZDEOHVFUDPWULSVHWWLQJVDUHDGGUHVVHGLQWKH7HFKQLFDO6SHFLILFDWLRQV | ||
6HSDUDWHVLQJOHVZLWFKHVDFWXDWHLQGLYLGXDO06,9SRVLWLRQLQGLFDWLRQOLJKWVLQWKH | 6HSDUDWHVLQJOHVZLWFKHVDFWXDWHLQGLYLGXDO06,9SRVLWLRQLQGLFDWLRQOLJKWVLQWKH | ||
0DLQ&RQWURO5RRPZKHQWKHDVVRFLDWHGYDOYHLVHLWKHUIXOO | 0DLQ&RQWURO5RRPZKHQWKHDVVRFLDWHGYDOYHLVHLWKHUIXOO\RSHQRUIXOO\FORVHG | ||
'HVFULSWLRQRI2XWERDUG06,9V | 'HVFULSWLRQRI2XWERDUG06,9V | ||
| Line 1,232: | Line 1,232: | ||
UDSLGFORVXUHXQGHUVWHDPOLQHEUHDNFRQGLWLRQVDQGOHDNWLJKWVHDWLQJDWORZ | UDSLGFORVXUHXQGHUVWHDPOLQHEUHDNFRQGLWLRQVDQGOHDNWLJKWVHDWLQJDWORZ | ||
GLIIHUHQWLDOSUHVVXUHV | GLIIHUHQWLDOSUHVVXUHV | ||
7KHYDOYHERG | 7KHYDOYHERG\SDWWHUQLVDQLQYHQWXULGHVLJQKDYLQJDFODVV SUHVVXUH | ||
UDWLQJ7KHNH | UDWLQJ7KHNH\IHDWXUHRIWKHYDOYHLVLWVIRXUSLHFHGRXEOHGLVFZHGJHDVVHPEO\ | ||
$QXSSHUDQGORZHUZHGJHDUHDWWDFKHGWRWKHERWWRPRIWKHYDOYHVWHP | $QXSSHUDQGORZHUZHGJHDUHDWWDFKHGWRWKHERWWRPRIWKHYDOYHVWHP | ||
&RQQHFWHGORRVHO | &RQQHFWHGORRVHO\WRHDFKZHGJHLVDQLQGHSHQGHQWGLVFRQHIDFLQJXSVWUHDP | ||
DQGWKHRWKHUIDFLQJGRZQVWUHDP(DFKGLVFKDVRQHIODWVHDWZKLFKUXQVSDUDOOHO | DQGWKHRWKHUIDFLQJGRZQVWUHDP(DFKGLVFKDVRQHIODWVHDWZKLFKUXQVSDUDOOHO | ||
WRDFRUUHVSRQGLQJYDOYHERG | WRDFRUUHVSRQGLQJYDOYHERG\VHDWZKLFKLVDOVRIODW6HDOLQJLVDFKLHYHGZKHQWKH | ||
ERG | ERG\DQGGLVFVHDWVDUHOLQHGXSZLWKHDFKRWKHUDQGSUHVVHGWRJHWKHUIURPWKH | ||
RXWZDUGIRUFHRIWKHZHGJHVDQGV | RXWZDUGIRUFHRIWKHZHGJHVDQGV\VWHPSUHVVXUH$LQGLDPHWHUKROHLV | ||
LQVWDOOHGLQWKHXSVWUHDPGLVFRIHDFKYDOYHWRSUHYHQWSUHVVXUHORFNLQJRIWKHYDOYH | LQVWDOOHGLQWKHXSVWUHDPGLVFRIHDFKYDOYHWRSUHYHQWSUHVVXUHORFNLQJRIWKHYDOYH | ||
GXULQJGHSUHVVXUL]DWLRQIROORZLQJXSVWUHDPK | GXULQJGHSUHVVXUL]DWLRQIROORZLQJXSVWUHDPK\GURVWDWLFWHVWLQJRIWKHVWHDPOLQHV | ||
RUUHDFWRUYHVVHO(DFKYDOYHLVHTXLSSHGZLWKDKDUGIDFHGEDFNVHDWRQWKHVWHP | RUUHDFWRUYHVVHO(DFKYDOYHLVHTXLSSHGZLWKDKDUGIDFHGEDFNVHDWRQWKHVWHP | ||
WRPLQLPL]HDQGPLWLJDWHSDFNLQJOHDNDJH | WRPLQLPL]HDQGPLWLJDWHSDFNLQJOHDNDJH | ||
7KHYDOYHZHGJHDVVHPEO | 7KHYDOYHZHGJHDVVHPEO\LVGHVLJQHGWRLPSDUWVXIILFLHQWWKUXVWE\LWVHOIRQHDFK | ||
GLVFWRPDLQWDLQDOHDNWLJKWVHDWDWORZGLIIHUHQWLDOSUHVVXUHV$VWKHGLIIHUHQWLDO | GLVFWRPDLQWDLQDOHDNWLJKWVHDWDWORZGLIIHUHQWLDOSUHVVXUHV$VWKHGLIIHUHQWLDO | ||
SUHVVXUHDFURVVWKHGLVFLQFUHDVHVWKHIRUFHLPSDUWHGRQWKHGLVFIURPV | SUHVVXUHDFURVVWKHGLVFLQFUHDVHVWKHIRUFHLPSDUWHGRQWKHGLVFIURPV\VWHP | ||
SUHVVXUHDOVRLQFUHDVHVWKHUHE | SUHVVXUHDOVRLQFUHDVHVWKHUHE\SURYLGLQJDJUHDWHUVHDOLQJIRUFHDQGPDLQWDLQLQJ | ||
DOHDNWLJKWVHDWWKURXJKRXWWKHHQWLUHUDQJHRIRSHUDWLQJGLIIHUHQWLDOSUHVVXUHV | DOHDNWLJKWVHDWWKURXJKRXWWKHHQWLUHUDQJHRIRSHUDWLQJGLIIHUHQWLDOSUHVVXUHV | ||
7KHZHGJLQJGHVLJQDOVRSHUPLWVUDSLGYDOYHFORVXUHZLWKRXWVHDWGLVWRUWLRQ | 7KHZHGJLQJGHVLJQDOVRSHUPLWVUDSLGYDOYHFORVXUHZLWKRXWVHDWGLVWRUWLRQ | ||
,QWHUQDOPRYLQJSDUWVGHFHOHUDWHLQGHSHQGHQWO | ,QWHUQDOPRYLQJSDUWVGHFHOHUDWHLQGHSHQGHQWO\RIHDFKRWKHUZLWKWKHUHVXOWWKDW | ||
LQHUWLDOIRUFHVDUHGLVVLSDWHGLQDVHULHVRILPSDFWVRYHUDSHULRGRIWLPH7KH | LQHUWLDOIRUFHVDUHGLVVLSDWHGLQDVHULHVRILPSDFWVRYHUDSHULRGRIWLPH7KH | ||
ODUJHVWRIWKHVHLVWUDQVPLWWHGGLUHFWO | ODUJHVWRIWKHVHLVWUDQVPLWWHGGLUHFWO\WRWKHERWWRPRIWKHYDOYHERG\RQD | ||
QRQVHDOLQJVXUIDFH | QRQVHDOLQJVXUIDFH | ||
7KHRXWERDUG06,9DFWXDWRUVDUHPRXQWHGYHUWLFDOO | 7KHRXWERDUG06,9DFWXDWRUVDUHPRXQWHGYHUWLFDOO\RQWKHLUUHVSHFWLYHYDOYH¶V | ||
\RNH7KHDFWXDWRUSURYLGHVFORVLQJWKUXVWXVLQJVSULQJVRQO\3QHXPDWLF | |||
SUHVVXUH SVLJQRPLQDO LVUHTXLUHGWRRSHQWKHDFWXDWRUDQGFRFNLWVVSULQJV | SUHVVXUH SVLJQRPLQDO LVUHTXLUHGWRRSHQWKHDFWXDWRUDQGFRFNLWVVSULQJV | ||
7KHPDLQFRPSRQHQWVRIWKHDFWXDWRUDUHF | 7KHPDLQFRPSRQHQWVRIWKHDFWXDWRUDUHF\OLQGHUSLVWRQVSULQJVDQGK\GUDXOLF | ||
GDVKSRW7KHVSULQJVDQGGDVKSRWDUHORFDWHGDERYHWKHSLVWRQLQVLGHWKHDFWXDWRU | GDVKSRW7KHVSULQJVDQGGDVKSRWDUHORFDWHGDERYHWKHSLVWRQLQVLGHWKHDFWXDWRU | ||
| Line 1,268: | Line 1,268: | ||
F | F\OLQGHU$VKDIWLVFRQQHFWHGWRWKHSLVWRQDQGSHQHWUDWHVWKHERWWRPRIWKH | ||
DFWXDWRUZKHUHLWLVGLUHFWO | DFWXDWRUZKHUHLWLVGLUHFWO\FRXSOHGWRWKHYDOYHVWHP7KHGDVKSRWFRQWUROVWKH | ||
FORVLQJVSHHGRIWKHDFWXDWRU'DVKSRWVSHHGFRQWUROYDOYHVDQGK | FORVLQJVSHHGRIWKHDFWXDWRU'DVKSRWVSHHGFRQWUROYDOYHVDQGK\GUDXOLFRLO | ||
UHVHUYRLUDUHORFDWHGH[WHUQDOO | UHVHUYRLUDUHORFDWHGH[WHUQDOO\RQWKHDFWXDWRUDWLWVWRS YDOYHFORVLQJWLPHLV | ||
GHVLJQHGWREHDGMXVWDEOHEHWZHHQDQGVHF | GHVLJQHGWREHDGMXVWDEOHEHWZHHQDQGVHF | ||
7KHRXWERDUG06,9VKDYHGHVLJQVSHFLILFDWLRQQRUPDOPD[LPXPRSHUDWLQJ | 7KHRXWERDUG06,9VKDYHGHVLJQVSHFLILFDWLRQQRUPDOPD[LPXPRSHUDWLQJ | ||
FRQGLWLRQVRI) KXPLGLW | FRQGLWLRQVRI) KXPLGLW\DQG[UDGVRILQWHJUDWHGGRVHRYHU | ||
\HDUV 5HIHUHQFH 7KHQRUPDODQGDFFLGHQWWHPSHUDWXUHKXPLGLW\DQG | |||
UDGLDWLRQOHYHOVDVVRFLDWHGZLWKWKHHQYLURQPHQWDOTXDOLILFDWLRQRIWKH06,9VLV | UDGLDWLRQOHYHOVDVVRFLDWHGZLWKWKHHQYLURQPHQWDOTXDOLILFDWLRQRIWKH06,9VLV | ||
SURYLGHGLQWKH(4&HQWUDO)LOH3DUW%(QYLURQPHQWDO6SHFLILFDWLRQV7KH | SURYLGHGLQWKH(4&HQWUDO)LOH3DUW%(QYLURQPHQWDO6SHFLILFDWLRQV7KH | ||
HYDOXDWLRQRITXDOLILFDWLRQZDVVXEPLWWHGWRWKH15&LQ5HIHUHQFH | HYDOXDWLRQRITXDOLILFDWLRQZDVVXEPLWWHGWRWKH15&LQ5HIHUHQFH | ||
7KHSLORWDQGPDLQSQHXPDWLFVXSSOLHVIRUWKHRXWERDUG06,9VDUHSURYLGHGE | 7KHSLORWDQGPDLQSQHXPDWLFVXSSOLHVIRUWKHRXWERDUG06,9VDUHSURYLGHGE\WKH | ||
,QVWUXPHQW$LU6 | ,QVWUXPHQW$LU6\VWHPDQG2XWERDUG06,90DLQ$LU6XSSO\6\VWHPUHVSHFWLYHO\ | ||
5HIHUWR6HFWLRQIRUPRUHLQIRUPDWLRQRQWKH,QVWUXPHQWDQG6HUYLFH$LU | 5HIHUWR6HFWLRQIRUPRUHLQIRUPDWLRQRQWKH,QVWUXPHQWDQG6HUYLFH$LU | ||
6 | 6\VWHPDQGWKHRXWERDUG06,9PDLQDLUVXSSO\ | ||
:KHQVWHPSRVLWLRQIRUDQRXWERDUG06,9FRUUHVSRQGVWRDYDOYHRSHQSRVLWLRQRI | :KHQVWHPSRVLWLRQIRUDQRXWERDUG06,9FRUUHVSRQGVWRDYDOYHRSHQSRVLWLRQRI | ||
RUJUHDWHUDSDLURIVZLWFKHVIRUWKHYDOYHDUHDFWXDWHGDQGSURYLGHLQSXWWR | RUJUHDWHUDSDLURIVZLWFKHVIRUWKHYDOYHDUHDFWXDWHGDQGSURYLGHLQSXWWR | ||
| Line 1,288: | Line 1,288: | ||
VHWWLQJVDUHDGGUHVVHGLQWKH7HFKQLFDO6SHFLILFDWLRQV6HSDUDWHVLQJOHVZLWFKHV | VHWWLQJVDUHDGGUHVVHGLQWKH7HFKQLFDO6SHFLILFDWLRQV6HSDUDWHVLQJOHVZLWFKHV | ||
DFWXDWHLQGLYLGXDO06,9SRVLWLRQLQGLFDWLRQOLJKWVLQWKH0DLQ&RQWURO5RRPZKHQ | DFWXDWHLQGLYLGXDO06,9SRVLWLRQLQGLFDWLRQOLJKWVLQWKH0DLQ&RQWURO5RRPZKHQ | ||
WKHDVVRFLDWHGYDOYHLVHLWKHUIXOO | WKHDVVRFLDWHGYDOYHLVHLWKHUIXOO\RSHQRUIXOO\FORVHG | ||
7KHRXWERDUG06,9VDUHGHVLJQHGWRFORVHZLWKDPD[LPXPGLIIHUHQWLDOSUHVVXUHRI | 7KHRXWERDUG06,9VDUHGHVLJQHGWRFORVHZLWKDPD[LPXPGLIIHUHQWLDOSUHVVXUHRI | ||
SVLG7KHVWHDPGRPHSUHVVXUHIRUWKHRXWVLGHSULPDU | SVLG7KHVWHDPGRPHSUHVVXUHIRUWKHRXWVLGHSULPDU\FRQWDLQPHQWVWHDP | ||
OLQHEUHDNKDVEHHQDQDO | OLQHEUHDNKDVEHHQDQDO\]HGDQGVKRZVWKDWWKHVWHDPGRPHSUHVVXUHLVOHVV | ||
WKDQSVLDDIWHUWZRVHFRQGVIRUDOODQDO | WKDQSVLDDIWHUWZRVHFRQGVIRUDOODQDO\]HGVFHQDULRV7KH06,9VDUH | ||
GHVLJQHGWRFORVHLQWRVHFRQGV7KXVWKHGLIIHUHQWLDOSUHVVXUHDFURVVWKH | GHVLJQHGWRFORVHLQWRVHFRQGV7KXVWKHGLIIHUHQWLDOSUHVVXUHDFURVVWKH | ||
RXWERDUG06,9IRUDQRXWVLGHSULPDU | RXWERDUG06,9IRUDQRXWVLGHSULPDU\FRQWDLQPHQWVWHDPOLQHEUHDNZLOOEHOHVV | ||
WKDQSVLG 5HIHUHQFH | WKDQSVLG 5HIHUHQFH | ||
9HQWDQG9DFXXP5HOLHI6 | 9HQWDQG9DFXXP5HOLHI6\VWHP | ||
$XWRPDWLFYDFXXPUHOLHIGHYLFHVDUHHPSOR | $XWRPDWLFYDFXXPUHOLHIGHYLFHVDUHHPSOR\HGWRSUHYHQWWKHSULPDU\FRQWDLQPHQW | ||
IURPH[FHHGLQJWKHH[WHUQDOGHVLJQSUHVVXUH7KHSULPDU | IURPH[FHHGLQJWKHH[WHUQDOGHVLJQSUHVVXUH7KHSULPDU\FRQWDLQPHQWLVGHVLJQHG | ||
IRUH[WHUQDOSUHVVXUHQRWPRUHWKDQSVLJUHDWHUWKDQWKHFRQFXUUHQWLQWHUQDO | IRUH[WHUQDOSUHVVXUHQRWPRUHWKDQSVLJUHDWHUWKDQWKHFRQFXUUHQWLQWHUQDO | ||
SUHVVXUH7KHFRQWDLQPHQWLVSHULRGLFDOO | SUHVVXUH7KHFRQWDLQPHQWLVSHULRGLFDOO\YHQWHGWRHOLPLQDWHSUHVVXUHIOXFWXDWLRQV | ||
FDXVHGE | FDXVHGE\WHPSHUDWXUHFKDQJHVGXULQJYDULRXVRSHUDWLQJPRGHV7KLVLV | ||
DFFRPSOLVKHGWKURXJKYHQWLODWLRQSXUJHFRQQHFWLRQVZKLFKDUHQRUPDOO | DFFRPSOLVKHGWKURXJKYHQWLODWLRQSXUJHFRQQHFWLRQVZKLFKDUHQRUPDOO\FORVHGZKLOH | ||
WKHUHDFWRULVDWDWHPSHUDWXUHJUHDWHUWKDQ)7KHVXSSUHVVLRQFKDPEHULV | WKHUHDFWRULVDWDWHPSHUDWXUHJUHDWHUWKDQ)7KHVXSSUHVVLRQFKDPEHULV | ||
YHQWHGVHSDUDWHO | YHQWHGVHSDUDWHO\7KHGU\ZHOOYDFXXPUHOLHIYDOYHVGUDZWKHDWPRVSKHUHIURPWKH | ||
SUHVVXUHVXSSUHVVLRQFKDPEHUDQGWKHSUHVVXUHVXSSUHVVLRQFKDPEHUYDFXXP | SUHVVXUHVXSSUHVVLRQFKDPEHUDQGWKHSUHVVXUHVXSSUHVVLRQFKDPEHUYDFXXP | ||
UHOLHIGHYLFHGUDZVDLUIURPWKHUHDFWRUEXLOGLQJLQWKHHYHQWYDFXXPFRQGLWLRQV | UHOLHIGHYLFHGUDZVDLUIURPWKHUHDFWRUEXLOGLQJLQWKHHYHQWYDFXXPFRQGLWLRQV | ||
GHYHORS | GHYHORS | ||
7KHVXSSUHVVLRQFKDPEHUYDFXXPUHOLHIV | 7KHVXSSUHVVLRQFKDPEHUYDFXXPUHOLHIV\VWHPFRQVLVWVRIWZRYDFXXPEUHDNHU | ||
YDOYHVLQVHULHVLQHDFKRIWZROLQHVZKLFKDUHMRLQHGLQWRRQHODUJHUOLQHDWWDFKLQJWR | YDOYHVLQVHULHVLQHDFKRIWZROLQHVZKLFKDUHMRLQHGLQWRRQHODUJHUOLQHDWWDFKLQJWR | ||
WKHVXSSUHVVLRQFKDPEHU | WKHVXSSUHVVLRQFKDPEHU | ||
| Line 1,321: | Line 1,321: | ||
2QHRIHDFKSDLURIYDFXXPEUHDNHUVLVDQDLURSHUDWHGEXWWHUIO | 2QHRIHDFKSDLURIYDFXXPEUHDNHUVLVDQDLURSHUDWHGEXWWHUIO\YDOYHZKLFKLV$& | ||
VROHQRLGFRQWUROOHGIURPDGLIIHUHQWLDOSUHVVXUHVZLWFKVLJQDODQGLVGHVLJQHGWRIDLO | VROHQRLGFRQWUROOHGIURPDGLIIHUHQWLDOSUHVVXUHVZLWFKVLJQDODQGLVGHVLJQHGWRIDLO | ||
RSHQRQORVVRISRZHUDQGORVVRIDLU$VDIHW | RSHQRQORVVRISRZHUDQGORVVRIDLU$VDIHW\JUDGHQLWURJHQVXSSO\V\VWHPLV | ||
DYDLODEOHWRFORVHWKHVHYDFXXPEUHDNHUVLILQVWUXPHQWDLUSUHVVXUHLVORVW VHH | DYDLODEOHWRFORVHWKHVHYDFXXPEUHDNHUVLILQVWUXPHQWDLUSUHVVXUHLVORVW VHH | ||
IRUDGGLWLRQDOLQIRUPDWLRQRQWKHDOWHUQDWHQLWURJHQVXSSO | IRUDGGLWLRQDOLQIRUPDWLRQRQWKHDOWHUQDWHQLWURJHQVXSSO\V\VWHP 7KH | ||
VHFRQGYDFXXPEUHDNHULVDVHOIDFWLYDWLQJVZLQJFKHFNDQGLVGHVLJQHGWRVWDUW | VHFRQGYDFXXPEUHDNHULVDVHOIDFWLYDWLQJVZLQJFKHFNDQGLVGHVLJQHGWRVWDUW | ||
RSHQLQJDWDQHJDWLYHSUHVVXUHGLIIHUHQWLDORISVLDQGLVIXOORSHQLIWKHSUHVVXUH | RSHQLQJDWDQHJDWLYHSUHVVXUHGLIIHUHQWLDORISVLDQGLVIXOORSHQLIWKHSUHVVXUH | ||
| Line 1,333: | Line 1,333: | ||
&RQWDLQPHQW0RQLWRUV | &RQWDLQPHQW0RQLWRUV | ||
0RQLWRUVZKLFKLQGLFDWHDQGUHFRUGFRQWDLQPHQWSUHVVXUHDQGK | 0RQLWRUVZKLFKLQGLFDWHDQGUHFRUGFRQWDLQPHQWSUHVVXUHDQGK\GURJHQ | ||
FRQFHQWUDWLRQLQWKHFRQWDLQPHQWDWPRVSKHUHDUHSURYLGHGLQWKHFRQWUROURRPDV | FRQFHQWUDWLRQLQWKHFRQWDLQPHQWDWPRVSKHUHDUHSURYLGHGLQWKHFRQWUROURRPDV | ||
UHTXLUHGE | UHTXLUHGE\185(* 5HIHUHQFH ,WHPV,,)DQG,,) VHH | ||
IRUDGGLWLRQDOLQIRUPDWLRQRQK | IRUDGGLWLRQDOLQIRUPDWLRQRQK\GURJHQPRQLWRUV | ||
$ZLGHUDQJHPRQLWRUV | $ZLGHUDQJHPRQLWRUV\VWHPZKLFKFRQWLQXRXVO\LQGLFDWHVDQGUHFRUGVWKHZDWHU | ||
OHYHOLQWKHVXSSUHVVLRQSRROLVSURYLGHGLQWKHFRQWUROURRPDVUHTXLUHGE | OHYHOLQWKHVXSSUHVVLRQSRROLVSURYLGHGLQWKHFRQWUROURRPDVUHTXLUHGE\ | ||
185(*,WHP,,) | 185(*,WHP,,) | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO6\VWHP | ||
7KHSULPDU | 7KHSULPDU\FRQWDLQPHQWDWPRVSKHULFFRQWUROV\VWHPLQWURGXFHVDQLWURJHQ | ||
DWPRVSKHUHLQWRWKHSULPDU | DWPRVSKHUHLQWRWKHSULPDU\FRQWDLQPHQW%\UHGXFLQJWKHR[\JHQFRQWHQWK\GURJHQ | ||
JHQHUDWHGE | JHQHUDWHGE\DPHWDOZDWHUUHDFWLRQZLWKWKHIXHOFODGGLQJGXULQJHDUO\SKDVHVRI | ||
ORVVRIFRRODQWDFFLGHQWVFDQQRWLJQLWHDQGGDPDJHWKHFRQWDLQPHQWVWUXFWXUH7KH | ORVVRIFRRODQWDFFLGHQWVFDQQRWLJQLWHDQGGDPDJHWKHFRQWDLQPHQWVWUXFWXUH7KH | ||
V | V\VWHPLVFDSDEOHRIUHGXFLQJDQGPDLQWDLQLQJWKHR[\JHQFRQWHQWRIWKHDWPRVSKHUH | ||
WROHVVWKDQIRXUSHUFHQWE | WROHVVWKDQIRXUSHUFHQWE\YROXPH | ||
7KHHTXLSPHQWIRUWKHSULPDU | 7KHHTXLSPHQWIRUWKHSULPDU\FRQWDLQPHQWDWPRVSKHULFFRQWUROV\VWHPSHUIRUPVWZR | ||
IXQFWLRQV LQLWLDOSXUJHRIFRQWDLQPHQW DQG DXWRPDWLFFRQWURORIWKHVXSSO | IXQFWLRQV LQLWLDOSXUJHRIFRQWDLQPHQW DQG DXWRPDWLFFRQWURORIWKHVXSSO\RI | ||
PDNHXSJDV QLWURJHQ | PDNHXSJDV QLWURJHQ | ||
7KHV | 7KHV\VWHPXWLOL]HVDOLTXLGQLWURJHQVXSSO\DQGDVWHDPYDSRUL]HUIRULQLWLDOSXUJLQJ | ||
7KHVWHDPYDSRUL]HUXQLWFRQYHUWVWKHOLTXLGQLWURJHQLQWRDJDV$VDJDVWKH | 7KHVWHDPYDSRUL]HUXQLWFRQYHUWVWKHOLTXLGQLWURJHQLQWRDJDV$VDJDVWKH | ||
QLWURJHQWKHQIORZVWKURXJKDSUHVVXUHUHGXFLQJYDOYHDQGIORZPHWHULQWRWKHGU | QLWURJHQWKHQIORZVWKURXJKDSUHVVXUHUHGXFLQJYDOYHDQGIORZPHWHULQWRWKHGU\ZHOO | ||
DQGSUHVVXUHVXSSUHVVLRQFKDPEHURIWKHSULPDU | DQGSUHVVXUHVXSSUHVVLRQFKDPEHURIWKHSULPDU\FRQWDLQPHQW | ||
7KHGU | 7KHGU\ZHOOYHQWLODWLRQFRROHUVDUHXWLOL]HGGXULQJWKHSXUJLQJRSHUDWLRQWRPD[LPL]H | ||
WKHPL[LQJRIQLWURJHQDQGR[ | WKHPL[LQJRIQLWURJHQDQGR[\JHQ3ULPDU\FRQWDLQPHQWSUHVVXUHLVPDLQWDLQHGE\ | ||
HLWKHUYHQWLQJWKHJDVWRWKHVWDQGE | HLWKHUYHQWLQJWKHJDVWRWKHVWDQGE\JDVWUHDWPHQWV\VWHPRUWKHUHDFWRUEXLOGLQJ | ||
H[KDXVW7KHPDNHXSVXSSO | H[KDXVW7KHPDNHXSVXSSO\XWLOL]HVDOLTXLGQLWURJHQVXSSO\DQGDQDWPRVSKHULF | ||
YDSRUL]HU | YDSRUL]HU | ||
,QVWUXPHQWDWLRQLQWKHFRQWUROURRPLQGLFDWHVR[ | ,QVWUXPHQWDWLRQLQWKHFRQWUROURRPLQGLFDWHVR[\JHQFRQFHQWUDWLRQLQWKHSULPDU\ | ||
FRQWDLQPHQW | FRQWDLQPHQW | ||
| Line 1,372: | Line 1,372: | ||
$QDLUSXUJHIDQZLWKGXFWLQJWRWKHQLWURJHQSXUJHOLQHLVLQFRUSRUDWHGDVSDUWRIWKH | $QDLUSXUJHIDQZLWKGXFWLQJWRWKHQLWURJHQSXUJHOLQHLVLQFRUSRUDWHGDVSDUWRIWKH | ||
DWPRVSKHULFFRQWUROV | DWPRVSKHULFFRQWUROV\VWHP7KLVDUUDQJHPHQWSHUPLWVUHVWRUDWLRQRIDEUHDWKDEOH | ||
DWPRVSKHUHZLWKLQWKHGU | DWPRVSKHUHZLWKLQWKHGU\ZHOODQGVXSSUHVVLRQFKDPEHUSULRUWRPDLQWHQDQFH | ||
RSHUDWLRQV | RSHUDWLRQV | ||
'HEULVVFUHHQVDUHLQVWDOOHGRQWKHGU | 'HEULVVFUHHQVDUHLQVWDOOHGRQWKHGU\ZHOODQGZHWZHOOSXUJHDQGYHQWSHQHWUDWLRQV | ||
7KHIXQFWLRQRIWKHSULPDU | 7KHIXQFWLRQRIWKHSULPDU\FRQWDLQPHQWGHEULVVFUHHQVLVWRSUHYHQWWKHHQWU\RI | ||
IRUHLJQPDWHULDOLQWRWKHSXUJHDQGYHQWOLQHVGXULQJDSRVWXODWHGGHVLJQEDVLV | IRUHLJQPDWHULDOLQWRWKHSXUJHDQGYHQWOLQHVGXULQJDSRVWXODWHGGHVLJQEDVLV | ||
DFFLGHQW | DFFLGHQW | ||
7KH3ULPDU | 7KH3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO6\VWHP3 ,'LVVKRZQLQ'UDZLQJ | ||
1+6HFWLRQDQGWKH3ULPDU | 1+6HFWLRQDQGWKH3ULPDU\&RQWDLQPHQW1LWURJHQ&RQWURO6\VWHP3 ,' | ||
LVVKRZQLQ'UDZLQJ1+6HFWLRQ | LVVKRZQLQ'UDZLQJ1+6HFWLRQ | ||
&RQWDLQPHQW$WPRVSKHUH0RQLWRULQJ6 | &RQWDLQPHQW$WPRVSKHUH0RQLWRULQJ6\VWHP | ||
7KHFRQWDLQPHQWDWPRVSKHUHPRQLWRULQJV | 7KHFRQWDLQPHQWDWPRVSKHUHPRQLWRULQJV\VWHPZDVLQVWDOOHGLQUHVSRQVHWR | ||
185(*³&ODULILFDWLRQRI70,$FWLRQ3ODQ5HTXLUHPHQWV',WZDVRULJLQDOO | 185(*³&ODULILFDWLRQRI70,$FWLRQ3ODQ5HTXLUHPHQWV',WZDVRULJLQDOO\ | ||
LQVWDOOHGDVDVDIHW | LQVWDOOHGDVDVDIHW\JUDGHV\VWHPLQWHQGHGIRUXVHDIWHUDQDFFLGHQWWRPRQLWRUWKH | ||
K | K\GURJHQDQGR[\JHQFRQFHQWUDWLRQLQWKHGU\ZHOODQGVXSSUHVVLRQFKDPEHUDQG | ||
VKDUHVDFRPPRQVDPSOHSRLQWIRUWKHSRVWDFFLGHQWVDPSOHV | VKDUHVDFRPPRQVDPSOHSRLQWIRUWKHSRVWDFFLGHQWVDPSOHV\VWHP7KHUHYLVHG | ||
&)5QRORQJHUGHILQHVDGHVLJQEDVLV/2&$K | &)5QRORQJHUGHILQHVDGHVLJQEDVLV/2&$K\GURJHQUHOHDVHDQG | ||
HOLPLQDWHVUHTXLUHPHQWVIRUK | HOLPLQDWHVUHTXLUHPHQWVIRUK\GURJHQFRQWUROV\VWHPVWRPLWLJDWHVXFKDUHOHDVH | ||
7KHK | 7KHK\GURJHQPRQLWRUVDUHUHTXLUHGWRDVVHVVWKHGHJUHHRIFRUHGDPDJHGXULQJD | ||
EH | EH\RQGGHVLJQEDVLVDFFLGHQW,IDQH[SORVLYHPL[WXUHWKDWFRXOGWKUHDWHQ | ||
FRQWDLQPHQWLQWHJULW | FRQWDLQPHQWLQWHJULW\H[LVWVGXULQJDEH\RQGGHVLJQEDVLVDFFLGHQWWKHQRWKHUVHYHUH | ||
DFFLGHQWPDQDJHPHQWVWUDWHJLHVVXFKDVSXUJLQJDQGRUYHQWZRXOGQHHGWREH | DFFLGHQWPDQDJHPHQWVWUDWHJLHVVXFKDVSXUJLQJDQGRUYHQWZRXOGQHHGWREH | ||
FRQVLGHUHG7KHK | FRQVLGHUHG7KHK\GURJHQDQGR[\JHQPRQLWRUVDUHQHHGHGWRLPSOHPHQWWKHVH | ||
VHYHUHDFFLGHQWPDQDJHPHQWVWUDWHJLHV7KHDPHQGHGUXOHLPSOHPHQWV | VHYHUHDFFLGHQWPDQDJHPHQWVWUDWHJLHV7KHDPHQGHGUXOHLPSOHPHQWV | ||
SHUIRUPDQFHEDVHGUHTXLUHPHQWVIRUK | SHUIRUPDQFHEDVHGUHTXLUHPHQWVIRUK\GURJHQDQGR[\JHQPRQLWRUVWREHIXQFWLRQDO | ||
UHOLDEOHDQGFDSDEOHRIFRQWLQXRXVO | UHOLDEOHDQGFDSDEOHRIFRQWLQXRXVO\PHDVXULQJWKHDSSURSULDWHSDUDPHWHULQWKH | ||
EH | EH\RQGGHVLJQDFFLGHQWHQYLURQPHQW 5HIHUHQFHVDQG | ||
7KHV | 7KHV\VWHPFRQVLVWVRIWZRUHGXQGDQWDQGLQGHSHQGHQWPRQLWRULQJGLYLVLRQVZLWK | ||
HDFKGLYLVLRQKDYLQJDQDQDO | HDFKGLYLVLRQKDYLQJDQDQDO\]HUSDQHODVVRFLDWHGYDOYHVDQGSLSLQJVHSDUDWH | ||
VDPSOHSRLQWVDQGDVVRFLDWHGHOHFWULFDOFRQWURODQGLQGLFDWLRQSRZHUHGIURPRQHRI | VDPSOHSRLQWVDQGDVVRFLDWHGHOHFWULFDOFRQWURODQGLQGLFDWLRQSRZHUHGIURPRQHRI | ||
WKHHPHUJHQF | WKHHPHUJHQF\GLYLVLRQV7KHSULPDU\FRQWDLQPHQWQLWURJHQFRQWUROV\VWHP3 ,' | ||
VKRZQLQ'UDZLQJ1+6HFWLRQKDVEHHQUHYLVHGWRVKRZWKHDGGLWLRQRI | VKRZQLQ'UDZLQJ1+6HFWLRQKDVEHHQUHYLVHGWRVKRZWKHDGGLWLRQRI | ||
WKLVV | WKLVV\VWHP7KH&RQWDLQPHQW$WPRVSKHUH0RQLWRULQJ6\VWHPLVVKRZQRQ'UDZLQJ | ||
1+ 6HFWLRQ | 1+ 6HFWLRQ | ||
6XSSUHVVLRQ3RRO7HPSHUDWXUH0RQLWRULQJ6 | 6XSSUHVVLRQ3RRO7HPSHUDWXUH0RQLWRULQJ6\VWHP | ||
7KH6XSSUHVVLRQ3RRO7HPSHUDWXUH0RQLWRULQJ6 | 7KH6XSSUHVVLRQ3RRO7HPSHUDWXUH0RQLWRULQJ6\VWHP 6327026 LVDQLQWHJUDO | ||
SDUWRIWKHRYHUDOOSRVWDFFLGHQWPRQLWRULQJFDSDELOLW | SDUWRIWKHRYHUDOOSRVWDFFLGHQWPRQLWRULQJFDSDELOLW\RIWKHSODQW7KH6327026 | ||
FRQVLVWVRIWZRLQGHSHQGHQWDQGUHGXQGDQWGLYLVLRQV7KHVDIHW | FRQVLVWVRIWZRLQGHSHQGHQWDQGUHGXQGDQWGLYLVLRQV7KHVDIHW\IXQFWLRQRIWKH | ||
6327026LVWRSURYLGHWKHSODQWRSHUDWRUZLWKUHOLDEOHLQIRUPDWLRQRQWKH | 6327026LVWRSURYLGHWKHSODQWRSHUDWRUZLWKUHOLDEOHLQIRUPDWLRQRQWKH | ||
VXSSUHVVLRQSRROWHPSHUDWXUHVXFKWKDWWKHSODQWFDQEHRSHUDWHGZLWKLQ7HFKQLFDO | VXSSUHVVLRQSRROWHPSHUDWXUHVXFKWKDWWKHSODQWFDQEHRSHUDWHGZLWKLQ7HFKQLFDO | ||
6SHFLILFDWLRQOLPLWV$OOHOHFWULFDOFRPSRQHQWVIRUWKHV | 6SHFLILFDWLRQOLPLWV$OOHOHFWULFDOFRPSRQHQWVIRUWKHV\VWHPDUHFODVVLILHGDV&ODVV | ||
(7KHPHFKDQLFDODQGSUHVVXUHERXQGDU | (7KHPHFKDQLFDODQGSUHVVXUHERXQGDU\FRPSRQHQWVDUH4XDOLW\*URXS%DQG | ||
PHHWWKHVHLVPLFUHTXLUHPHQWVIRU&ODVV,HTXLSPHQW,QDGGLWLRQWKHV | PHHWWKHVHLVPLFUHTXLUHPHQWVIRU&ODVV,HTXLSPHQW,QDGGLWLRQWKHV\VWHPLV | ||
GHVLJQHGLQDFFRUGDQFHZLWKWKHDSSOLFDEOHSRUWLRQVRIWKH1XFOHDU5HJXODWRU | GHVLJQHGLQDFFRUGDQFHZLWKWKHDSSOLFDEOHSRUWLRQVRIWKH1XFOHDU5HJXODWRU\ | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 1,427: | Line 1,427: | ||
&RPPLVVLRQ6DIHW | &RPPLVVLRQ6DIHW\(YDOXDWLRQ5HSRUW185(* 5HIHUHQFH DQG5HJXODWRU\ | ||
*XLGH 5HYLVLRQ 5HIHUHQFH H[FHSWIRUWKHSRZHUVXSSO | *XLGH 5HYLVLRQ 5HIHUHQFH H[FHSWIRUWKHSRZHUVXSSO\ $SSOLFDEOH | ||
6327026HTXLSPHQWKDVEHHQHQYLURQPHQWDOO | 6327026HTXLSPHQWKDVEHHQHQYLURQPHQWDOO\TXDOLILHGDVUHTXLUHGE\01*3¶V | ||
(4SURJUDP VHH6HFWLRQ (DFKGLYLVLRQRIWKH6327026LVSK | (4SURJUDP VHH6HFWLRQ (DFKGLYLVLRQRIWKH6327026LVSK\VLFDOO\ | ||
VHSDUDWHGIURPWKHRWKHUDQGHLWKHUGLYLVLRQLVFDSDEOHRISURYLGLQJDQDFFXUDWH | VHSDUDWHGIURPWKHRWKHUDQGHLWKHUGLYLVLRQLVFDSDEOHRISURYLGLQJDQDFFXUDWH | ||
PHDVXUHRIWKHVXSSUHVVLRQSRROEXONWHPSHUDWXUH | PHDVXUHRIWKHVXSSUHVVLRQSRROEXONWHPSHUDWXUH | ||
(DFKGLYLVLRQRIWKH6327026KDVHLJKWWKHUPRZHOOVORFDWHGLQHDFKRIWKH6DIHW | (DFKGLYLVLRQRIWKH6327026KDVHLJKWWKHUPRZHOOVORFDWHGLQHDFKRIWKH6DIHW\ | ||
5HOLHI9DOYHGLVFKDUJLQJED | 5HOLHI9DOYHGLVFKDUJLQJED\VRIWKHVXSSUHVVLRQFKDPEHU7KHWKHUPRZHOOVDUH | ||
ORFDWHGDSSUR[LPDWHO | ORFDWHGDSSUR[LPDWHO\V\PPHWULFDOO\DURXQGWKHRXWVLGHRIWKHVXSSUHVVLRQFKDPEHU | ||
DWWKHFHQWURLGHOHYDWLRQRIWKHVXSSUHVVLRQSRROZDWHUPDVV7KHFHQWURLGHOHYDWLRQ | DWWKHFHQWURLGHOHYDWLRQRIWKHVXSSUHVVLRQSRROZDWHUPDVV7KHFHQWURLGHOHYDWLRQ | ||
LVEHORZWKHVXSSUHVVLRQSRROPLQLPXPOHYHOVRWKDWXQFRYHULQJRIWKHWKHUPRZHOOV | LVEHORZWKHVXSSUHVVLRQSRROPLQLPXPOHYHOVRWKDWXQFRYHULQJRIWKHWKHUPRZHOOV | ||
DIWHUDSRVWXODWHG/2&$HYHQWZLOOQRWRFFXU7KHWKHUPRZHOOVIRUHDFKGLYLVLRQLQ | DIWHUDSRVWXODWHG/2&$HYHQWZLOOQRWRFFXU7KHWKHUPRZHOOVIRUHDFKGLYLVLRQLQ | ||
HDFKGLVFKDUJLQJED | HDFKGLVFKDUJLQJED\DUHORFDWHGDSSUR[LPDWHO\IWDSDUW7KHORFDWLRQVRIWKH | ||
WKHUPRZHOOVRQWKHVXSSUHVVLRQFKDPEHUZDOOZHUHFKRVHQVRWKDWWKHUHVSRQVHRI | WKHUPRZHOOVRQWKHVXSSUHVVLRQFKDPEHUZDOOZHUHFKRVHQVRWKDWWKHUHVSRQVHRI | ||
WKHWKHUPRZHOOVZRXOGOHDGWRDFRQVHUYDWLYHGHWHUPLQDWLRQRIWKHEXONWHPSHUDWXUH | WKHWKHUPRZHOOVZRXOGOHDGWRDFRQVHUYDWLYHGHWHUPLQDWLRQRIWKHEXONWHPSHUDWXUH | ||
$GHWDLOHGGHVFULSWLRQRIWKH6XSSUHVVLRQ3RRO7HPSHUDWXUH0RQLWRULQJ6 | $GHWDLOHGGHVFULSWLRQRIWKH6XSSUHVVLRQ3RRO7HPSHUDWXUH0RQLWRULQJ6\VWHPLV | ||
SURYLGHGLQWKH0RQWLFHOOR0DUN,&RQWDLQPHQW/RQJ7HUP3URJUDP3ODQW8QLTXH | SURYLGHGLQWKH0RQWLFHOOR0DUN,&RQWDLQPHQW/RQJ7HUP3URJUDP3ODQW8QLTXH | ||
$QDO | $QDO\VLV5HSRUWDQGLWV$SSHQGL[ 5HIHUHQFH | ||
+DUG3LSH9HQW6 | +DUG3LSH9HQW6\VWHP | ||
7KH+DUG3LSH9HQW6 | 7KH+DUG3LSH9HQW6\VWHP +39 SURYLGHVDYHQWSDWKIURPWKHSUHVVXUH | ||
VXSSUHVVLRQFKDPEHU WKHZHWZHOO YDSRUVSDFHWRDUHOHDVHSRLQWDERYHWKH5HDFWRU | VXSSUHVVLRQFKDPEHU WKHZHWZHOO YDSRUVSDFHWRDUHOHDVHSRLQWDERYHWKH5HDFWRU | ||
%XLOGLQJ7KHYHQWSDWKLVFRPSULVHGRIDQLQSHQHWUDWLRQLQWKHWRSRIWKH | %XLOGLQJ7KHYHQWSDWKLVFRPSULVHGRIDQLQSHQHWUDWLRQLQWKHWRSRIWKH | ||
VXSSUHVVLRQFKDPEHUWZRSQHXPDWLFDOO | VXSSUHVVLRQFKDPEHUWZRSQHXPDWLFDOO\RSHUDWHGSULPDU\FRQWDLQPHQWLVRODWLRQ | ||
YDOYHVDUXSWXUHGLVFDVXUIDFHPRXQWHGWHPSHUDWXUHHOHPHQWDUDGLDWLRQPRQLWRU | YDOYHVDUXSWXUHGLVFDVXUIDFHPRXQWHGWHPSHUDWXUHHOHPHQWDUDGLDWLRQPRQLWRU | ||
DQGSLSLQJURXWHGIURPWKHSULPDU | DQGSLSLQJURXWHGIURPWKHSULPDU\FRQWDLQPHQWSHQHWUDWLRQWKURXJKVHFRQGDU\ | ||
FRQWDLQPHQWDQGXSWKHRXWVLGHRIWKH5HDFWRU%XLOGLQJWRDSRLQWDERYHWKHURRI7R | FRQWDLQPHQWDQGXSWKHRXWVLGHRIWKH5HDFWRU%XLOGLQJWRDSRLQWDERYHWKHURRI7R | ||
FRPSO | FRPSO\ZLWK15&2UGHUV($ DQG($ WKH+39LVWRUQDGRPLVVLOH | ||
SURWHFWHGIURPWKHH[LWWKURXJKVHFRQGDU | SURWHFWHGIURPWKHH[LWWKURXJKVHFRQGDU\FRQWDLQPHQWDWHOHYDWLRQ | ||
XSWRD | XSWRD | ||
PLQLPXPHOHYDWLRQRI | PLQLPXPHOHYDWLRQRI | ||
RUIWIURPJUDGH$FKHFNYDOYHLVORFDWHGQHDUWKH | RUIWIURPJUDGH$FKHFNYDOYHLVORFDWHGQHDUWKH | ||
YHQWGLVFKDUJHLQRUGHUWRSUHYHQWDLUIURPHQWHULQJWKHSLSLQJZKHQYHQWLQJVWRSV | YHQWGLVFKDUJHLQRUGHUWRSUHYHQWDLUIURPHQWHULQJWKHSLSLQJZKHQYHQWLQJVWRSV | ||
7KH+396 | 7KH+396\VWHPFDQEHRSHUDWHGIURPSULPDU\RUVHFRQGDU\FRQWUROVWDWLRQV7KH | ||
SULPDU | SULPDU\FRQWUROVWDWLRQLVORFDWHGDWWKH$OWHUQDWH6KXWGRZQ3DQHORQWKHWKLUGIORRURI | ||
WKH()7%XLOGLQJDQGWKHVHFRQGDU | WKH()7%XLOGLQJDQGWKHVHFRQGDU\LVORFDWHGRQWKH | ||
HOHYDWLRQRIWKH7XUELQH | HOHYDWLRQRIWKH7XUELQH | ||
%XLOGLQJHDVW | %XLOGLQJHDVW | ||
7KH+396 | 7KH+396\VWHPLVSURYLGHGZLWKERWKDGHGLFDWHGKRXUVXSSO\RISQHXPDWLF | ||
SUHVVXUHDQGDGHGLFDWHGKRXUVXSSO | SUHVVXUHDQGDGHGLFDWHGKRXUVXSSO\RIHOHFWULFDOSRZHU7KHVHVXSSOLHVZLOO | ||
SURYLGHWKHPRWLYHDQGHOHFWULFDOIRUFHUHTXLUHGWRRSHUDWHDQGPRQLWRUWKH+39 | SURYLGHWKHPRWLYHDQGHOHFWULFDOIRUFHUHTXLUHGWRRSHUDWHDQGPRQLWRUWKH+39 | ||
| Line 1,478: | Line 1,478: | ||
5.2.3 | 5.2.3 | ||
3HUIRUPDQFH$QDO | 3HUIRUPDQFH$QDO\VLV | ||
6L]LQJRIWKH3ULPDU | 6L]LQJRIWKH3ULPDU\&RQWDLQPHQW | ||
7KHGHVLJQSDUDPHWHUVIRUWKHSULPDU | 7KHGHVLJQSDUDPHWHUVIRUWKHSULPDU\FRQWDLQPHQWV\VWHPDUHEDVHGRQGDWD | ||
REWDLQHGIURPWHVWVFRQGXFWHGE | REWDLQHGIURPWHVWVFRQGXFWHGE\WKH3DFLILF*DV (OHFWULF&RPSDQ\IRUWKH | ||
SURSRVHG%RGHJD%D | SURSRVHG%RGHJD%D\5HDFWRULQ 5HIHUHQFH 7KHVHWHVWVDQGVXEVHTXHQW | ||
DQDO | DQDO\VLVLGHQWLILHGWKHSDUDPHWHUVZKLFKPRVWVWURQJO\LQIOXHQFHWKHSHUIRUPDQFHRI | ||
SUHVVXUHVXSSUHVVLRQV | SUHVVXUHVXSSUHVVLRQV\VWHPV7KHVHSDUDPHWHUVLQFOXGH | ||
D | D | ||
5DWLRRIWKHGHVLJQEUHDNDUHDWRWKHWRWDOYHQWIORZDUHD | 5DWLRRIWKHGHVLJQEUHDNDUHDWRWKHWRWDOYHQWIORZDUHD | ||
E | E | ||
5DWLRRIWKHGU | 5DWLRRIWKHGU\ZHOOYROXPHWRWKHZHWZHOODLUYROXPH | ||
F | F | ||
'RZQFRPHUVXEPHUJHQFHLQSRROZDWHU | 'RZQFRPHUVXEPHUJHQFHLQSRROZDWHU | ||
G | G | ||
9HQWV | 9HQWV\VWHPIORZUHVLVWDQFH | ||
7KHGHVLJQEDVLVEUHDNYHQWDUHDUDWLRIRUWKH%RGHJDWHVWVZDV 7KH | 7KHGHVLJQEDVLVEUHDNYHQWDUHDUDWLRIRUWKH%RGHJDWHVWVZDV 7KH | ||
HTXLYDOHQWEUHDNIORZDUHDIRU0RQWLFHOORLV VTIWZKLFKZRXOGUHVXOWLQDYHQWIORZ | HTXLYDOHQWEUHDNIORZDUHDIRU0RQWLFHOORLV VTIWZKLFKZRXOGUHVXOWLQDYHQWIORZ | ||
| Line 1,499: | Line 1,499: | ||
HTXLYDOHQWEUHDNIORZDUHDRIZKLFKUHVXOWHGLQDYHQWIORZDUHDRIVTIW7KH | HTXLYDOHQWEUHDNIORZDUHDRIZKLFKUHVXOWHGLQDYHQWIORZDUHDRIVTIW7KH | ||
LQVWDOOHGGHVLJQFRQVLVWVRIHLJKWYHQWVKDYLQJDWRWDOPLQLPXPDUHDRIVTIW7KH | LQVWDOOHGGHVLJQFRQVLVWVRIHLJKWYHQWVKDYLQJDWRWDOPLQLPXPDUHDRIVTIW7KH | ||
DFFLGHQWDQDO | DFFLGHQWDQDO\VLVGLVFXVVHGLQ6HFWLRQZDVFDOFXODWHGRQWKHEDVLVRI | ||
VTIWYHQWDUHD | VTIWYHQWDUHD | ||
7KHUHDFWRUYHVVHODQGDVVRFLDWHGDX[LOLDU | 7KHUHDFWRUYHVVHODQGDVVRFLDWHGDX[LOLDU\HTXLSPHQWGLFWDWHWKHUHTXLUHGGU\ZHOO | ||
GLPHQVLRQV7KHORZHUSDUWRIWKHGU | GLPHQVLRQV7KHORZHUSDUWRIWKHGU\ZHOOLVDVSKHUHIWLQVLGHGLDPHWHU WKHXSSHU | ||
SDUWRIWKHGU | SDUWRIWKHGU\ZHOOLVDF\OLQGULFDOVKHOORIIWLQVLGHGLDPHWHUE\IWLQKLJK | ||
:KHQWKHVHYROXPHVDUHFRPELQHGWKHIUHHYROXPHRIWKHGU | :KHQWKHVHYROXPHVDUHFRPELQHGWKHIUHHYROXPHRIWKHGU\ZHOOYHVVHOLQFOXGLQJ | ||
WKHYHQWWXEHVLVFXIW | WKHYHQWWXEHVLVFXIW | ||
7KHPLQLPXPVXSSUHVVLRQFKDPEHUDLUYROXPHLVFXIWZKLFKJLYHVD | 7KHPLQLPXPVXSSUHVVLRQFKDPEHUDLUYROXPHLVFXIWZKLFKJLYHVD | ||
PD[LPXPGU | PD[LPXPGU\ZHOOZHWZHOODLUYROXPHUDWLRRI FRPSDUHGWRIRUPRVWRIWKH | ||
%RGHJDWHVWV7KH%RGHJDGDWDDQGDQDO | %RGHJDWHVWV7KH%RGHJDGDWDDQGDQDO\VLVVKRZWKDWDYDULDWLRQRIWKLVPDJQLWXGH | ||
KDVDQHJOLJLEOHHIIHFWRQWKHFRQWDLQPHQWSUHVVXUHWUDQVLHQW7KHHIIHFWVWKDWRWKHU | KDVDQHJOLJLEOHHIIHFWRQWKHFRQWDLQPHQWSUHVVXUHWUDQVLHQW7KHHIIHFWVWKDWRWKHU | ||
FRQWDLQPHQWJHRPHWULFSDUDPHWHUVKDYHRQWKH/2&$K | FRQWDLQPHQWJHRPHWULFSDUDPHWHUVKDYHRQWKH/2&$K\GURG\QDPLFORDGVZHUH | ||
LQYHVWLJDWHGDVSDUWRIWKH0DUN,&RQWDLQPHQW3URJUDP VHH6HFWLRQ LQWKH | LQYHVWLJDWHGDVSDUWRIWKH0DUN,&RQWDLQPHQW3URJUDP VHH6HFWLRQ LQWKH | ||
)XOO6FDOH7HVW)DFLOLW | )XOO6FDOH7HVW)DFLOLW\ )67) DQGWKH4XDUWHU6FDOH7HVW)DFLOLW\ 467) $OWKRXJK | ||
WKH)67)JHRPHWU | WKH)67)JHRPHWU\UHVHPEOHGWKH0RQWLFHOORFRQWDLQPHQWVHOHFWHG)67)IHDWXUHV | ||
ZHUHDGMXVWHGWRHQVXUHDFRQVHUYDWLYHGHYHORSPHQWRIWKHORDGV | ZHUHDGMXVWHGWRHQVXUHDFRQVHUYDWLYHGHYHORSPHQWRIWKHORDGV | ||
7KHZDWHUYROXPHLQWKHVXSSUHVVLRQFKDPEHULVVL]HGWRDEVRUEWKHHQHUJ | 7KHZDWHUYROXPHLQWKHVXSSUHVVLRQFKDPEHULVVL]HGWRDEVRUEWKHHQHUJ\UHOHDVH | ||
IURPDORVVRIFRRODQWDFFLGHQWZLWKRXWH[FHHGLQJWKHWKHUPDOOLPLWVHVWDEOLVKHGDVD | IURPDORVVRIFRRODQWDFFLGHQWZLWKRXWH[FHHGLQJWKHWKHUPDOOLPLWVHVWDEOLVKHGDVD | ||
UHVXOWRIWKH%RGHJDSUHVVXUHVXSSUHVVLRQGHYHORSPHQWWHVWV7KHVXSSUHVVLRQ | UHVXOWRIWKH%RGHJDSUHVVXUHVXSSUHVVLRQGHYHORSPHQWWHVWV7KHVXSSUHVVLRQ | ||
FKDPEHUZDWHUOHYHOLVPRQLWRUHGE | FKDPEHUZDWHUOHYHOLVPRQLWRUHGE\WZRZLGHUDQJHZDWHUOHYHOLQVWUXPHQWV7KH | ||
PD[LPXPHQGRIEORZGRZQEXONSRROWHPSHUDWXUHZDVHVWDEOLVKHGDW)7KH | PD[LPXPHQGRIEORZGRZQEXONSRROWHPSHUDWXUHZDVHVWDEOLVKHGDW)7KH | ||
0RQWLFHOORGHVLJQFRQWDLQVDPLQLPXPZDWHUYROXPHRIIWDQGWKHUHVXOWLQJ | 0RQWLFHOORGHVLJQFRQWDLQVDPLQLPXPZDWHUYROXPHRIIWDQGWKHUHVXOWLQJ | ||
SRROWHPSHUDWXUHGXULQJDUHDFWRUEORZGRZQGRHVQRWH[FHHG)DVVXPLQJDQ | SRROWHPSHUDWXUHGXULQJDUHDFWRUEORZGRZQGRHVQRWH[FHHG)DVVXPLQJDQ | ||
LQLWLDOSRROWHPSHUDWXUHRI ) 5HIHUHQFH 'XULQJQRUPDORSHUDWLRQWKHSRRO | LQLWLDOSRROWHPSHUDWXUHRI ) 5HIHUHQFH 'XULQJQRUPDORSHUDWLRQWKHSRRO | ||
WHPSHUDWXUHLVPDLQWDLQHGOHVVWKDQ )DQGLVRQO | WHPSHUDWXUHLVPDLQWDLQHGOHVVWKDQ )DQGLVRQO\DOORZHGWRULVHDERYHWKDWYDOXH | ||
IRUVKRUWGXUDWLRQVGXULQJ5&,&RU+3&,WHVWLQJ 5HIHUHQFH 3URFHGXUDOFRQWUROV | IRUVKRUWGXUDWLRQVGXULQJ5&,&RU+3&,WHVWLQJ 5HIHUHQFH 3URFHGXUDOFRQWUROV | ||
| Line 1,536: | Line 1,536: | ||
OLPLWWKHSRROWHPSHUDWXUHZKHQWKHUHDFWRULVSUHVVXUL]HGVRWKDWWKH)HQGRI | OLPLWWKHSRROWHPSHUDWXUHZKHQWKHUHDFWRULVSUHVVXUL]HGVRWKDWWKH)HQGRI | ||
EORZGRZQWHPSHUDWXUHLVQRWH[FHHGHGLQWKHHYHQWRID/2&$7HPSHUDWXUHLV | EORZGRZQWHPSHUDWXUHLVQRWH[FHHGHGLQWKHHYHQWRID/2&$7HPSHUDWXUHLV | ||
PRQLWRUHGE | PRQLWRUHGE\6327026 VHHGLVFXVVLRQLQ6HFWLRQ | ||
7KHPLQLPXPGRZQFRPHUVXEPHUJHQFHIRUWKH0RQWLFHOORZHWZHOOGHVLJQLVIW | 7KHPLQLPXPGRZQFRPHUVXEPHUJHQFHIRUWKH0RQWLFHOORZHWZHOOGHVLJQLVIW | ||
*HQHUDO(OHFWULFKDVSHUIRUPHGDIXQFWLRQDODVVHVVPHQWRIUHGXFLQJWKHGRZQFRPHU | *HQHUDO(OHFWULFKDVSHUIRUPHGDIXQFWLRQDODVVHVVPHQWRIUHGXFLQJWKHGRZQFRPHU | ||
PLQLPXPVXEPHUJHQFHIURPDQRPLQDOIWWRIW 5HIHUHQFH 7KH%RGHJD | PLQLPXPVXEPHUJHQFHIURPDQRPLQDOIWWRIW 5HIHUHQFH 7KH%RGHJD | ||
WHVWVGHPRQVWUDWHGFRPSOHWHFRQGHQVDWLRQRIWKHVWHDPZLWKQRVXEPHUJHQFH7KH | WHVWVGHPRQVWUDWHGFRPSOHWHFRQGHQVDWLRQRIWKHVWHDPZLWKQRVXEPHUJHQFH7KH | ||
YHQWKHDGHUGRZQFRPHUV | YHQWKHDGHUGRZQFRPHUV\VWHPZDVGHVLJQHGWR\LHOGWKHVDPHWRWDOIORZUHVLVWDQFH | ||
DVWKH%RGHJDWHVWJHRPHWU | DVWKH%RGHJDWHVWJHRPHWU\ | ||
4XHQFKHUGHYLFHVDUHSURYLGHGDWWKHWHUPLQDWLRQRIHDFKRIWKHHLJKWVDIHW | 4XHQFKHUGHYLFHVDUHSURYLGHGDWWKHWHUPLQDWLRQRIHDFKRIWKHHLJKWVDIHW\UHOLHI | ||
YDOYHGLVFKDUJHOLQHV7KHTXHQFKHUGHYLFHVHQVXUHVWDEOHVWHDPFRQGHQVDWLRQDW | YDOYHGLVFKDUJHOLQHV7KHTXHQFKHUGHYLFHVHQVXUHVWDEOHVWHDPFRQGHQVDWLRQDW | ||
H[SHFWHGSRROWHPSHUDWXUHVGXULQJVDIHW | H[SHFWHGSRROWHPSHUDWXUHVGXULQJVDIHW\UHOLHIYDOYHGLVFKDUJHV | ||
&RQWDLQPHQW5HVSRQVHWRD/RVVRI&RRODQW$FFLGHQWDQG659$FWXDWLRQV | &RQWDLQPHQW5HVSRQVHWRD/RVVRI&RRODQW$FFLGHQWDQG659$FWXDWLRQV | ||
&RQWDLQPHQW' | &RQWDLQPHQW'\QDPLF5HVSRQVH | ||
7KHORDGVFRQVLGHUHGLQWKHRULJLQDOGHVLJQRIWKHFRQWDLQPHQWLQFOXGHGGHDGZHLJKW | 7KHORDGVFRQVLGHUHGLQWKHRULJLQDOGHVLJQRIWKHFRQWDLQPHQWLQFOXGHGGHDGZHLJKW | ||
ORDGVVHLVPLFORDGVDQGSUHVVXUHDQGWHPSHUDWXUHORDGVDVVRFLDWHGZLWKQRUPDO | ORDGVVHLVPLFORDGVDQGSUHVVXUHDQGWHPSHUDWXUHORDGVDVVRFLDWHGZLWKQRUPDO | ||
RSHUDWLQJFRQGLWLRQVDQGDSRVWXODWHG/2&$HYHQW$GGLWLRQDO0DUN,K | RSHUDWLQJFRQGLWLRQVDQGDSRVWXODWHG/2&$HYHQW$GGLWLRQDO0DUN,K\GURG\QDPLF | ||
ORDGVUHVXOWLQJIURPSRVWXODWHG/2&$HYHQWVDQG659DFWXDWLRQVZHUH | ORDGVUHVXOWLQJIURPSRVWXODWHG/2&$HYHQWVDQG659DFWXDWLRQVZHUH | ||
VXEVHTXHQWO | VXEVHTXHQWO\LGHQWLILHGWKHQGHILQHGDQGDVVHVVHGGXULQJLPSOHPHQWDWLRQRIWKH | ||
0DUN,/RQJ7HUP3URJUDP /73 DVGHVFULEHGLQ86$5VHFWLRQ 0DUN, | 0DUN,/RQJ7HUP3URJUDP /73 DVGHVFULEHGLQ86$5VHFWLRQ 0DUN, | ||
&RQWDLQPHQW3URJUDP 7KHVHDGGLWLRQDOORDGVLQFOXGHSRROVZHOOYHQWV | &RQWDLQPHQW3URJUDP 7KHVHDGGLWLRQDOORDGVLQFOXGHSRROVZHOOYHQWV\VWHP | ||
WKUXVWFRQGHQVDWLRQRVFLOODWLRQFKXJJLQJORDGVDQG659GLVFKDUJHORDGV | WKUXVWFRQGHQVDWLRQRVFLOODWLRQFKXJJLQJORDGVDQG659GLVFKDUJHORDGV | ||
DVVRFLDWHGZLWKDGHVLJQEDVLVDFFLGHQW '%$ LQWHUPHGLDWHEUHDNDFFLGHQW ,%$ | DVVRFLDWHGZLWKDGHVLJQEDVLVDFFLGHQW '%$ LQWHUPHGLDWHEUHDNDFFLGHQW ,%$ | ||
VPDOOEUHDNDFFLGHQW 6%$ DQG659DFWXDWLRQ7KH | VPDOOEUHDNDFFLGHQW 6%$ DQG659DFWXDWLRQ7KH\DUHGHILQHGE\*HQHUDO | ||
(OHFWULF5HSRUW1('2³0DUN,&RQWDLQPHQW3URJUDP/RDG'HILQLWLRQ5HSRUW' | (OHFWULF5HSRUW1('2³0DUN,&RQWDLQPHQW3URJUDP/RDG'HILQLWLRQ5HSRUW' | ||
/'5 5HIHUHQFH DQG1XFOHDU5HJXODWRU | /'5 5HIHUHQFH DQG1XFOHDU5HJXODWRU\&RPPLVVLRQ6DIHW\(YDOXDWLRQ | ||
5HSRUW185(* 5HIHUHQFH 8VLQJWKHJXLGDQFHRI1('2 | 5HSRUW185(* 5HIHUHQFH 8VLQJWKHJXLGDQFHRI1('2 | ||
0RQWLFHOORSODQWVSHFLILFWLPHKLVWRU | 0RQWLFHOORSODQWVSHFLILFWLPHKLVWRU\SORWVIRUYHQWWKUXVWORDGVDQGSRROVZHOOORDGV | ||
DQGFRQWDLQPHQWWHPSHUDWXUHDQGSUHVVXUHIRUHQYHORSLQJ'%$,%$DQG6%$ | DQGFRQWDLQPHQWWHPSHUDWXUHDQGSUHVVXUHIRUHQYHORSLQJ'%$,%$DQG6%$ | ||
HYHQWVZHUHGHYHORSHGDQGFRPSLOHGLQ*(UHSRUW1('2³0DUN, | HYHQWVZHUHGHYHORSHGDQGFRPSLOHGLQ*(UHSRUW1('2³0DUN, | ||
&RQWDLQPHQW3URJUDP3ODQW8QLTXH/RDG'HILQLWLRQ0RQWLFHOOR1XFOHDU3RZHU3ODQW' | &RQWDLQPHQW3URJUDP3ODQW8QLTXH/RDG'HILQLWLRQ0RQWLFHOOR1XFOHDU3RZHU3ODQW' | ||
38/' 5HIHUHQFH | 38/' 5HIHUHQFH | ||
7KHLPSDFWRIDOOSRVWXODWHGFRQWDLQPHQWORDGVDQGORDGFRPELQDWLRQVGHILQHGE | 7KHLPSDFWRIDOOSRVWXODWHGFRQWDLQPHQWORDGVDQGORDGFRPELQDWLRQVGHILQHGE\WKH | ||
/'5DQG38/'RQWKHVXSSUHVVLRQFKDPEHUYHQWV | /'5DQG38/'RQWKHVXSSUHVVLRQFKDPEHUYHQWV\VWHPVXSSUHVVLRQFKDPEHU | ||
LQWHUQDOVWUXFWXUHV659GLVFKDUJHOLQHSLSLQJWRUXVDWWDFKHGSLSLQJDQG | LQWHUQDOVWUXFWXUHV659GLVFKDUJHOLQHSLSLQJWRUXVDWWDFKHGSLSLQJDQG | ||
VXSSUHVVLRQFKDPEHUSHQHWUDWLRQVZHUHHYDOXDWHGDWRULJLQDOOLFHQVHGWKHUPDO | VXSSUHVVLRQFKDPEHUSHQHWUDWLRQVZHUHHYDOXDWHGDWRULJLQDOOLFHQVHGWKHUPDO | ||
SRZHUFRQGLWLRQV$GHWDLOHGGLVFXVVLRQRIWKHVHHYDOXDWLRQVDQGWKHLUUHVXOWVDUH | SRZHUFRQGLWLRQV$GHWDLOHGGLVFXVVLRQRIWKHVHHYDOXDWLRQVDQGWKHLUUHVXOWVDUH | ||
SURYLGHGLQWKH0RQWLFHOOR0DUN,&RQWDLQPHQW/RQJ7HUP3URJUDP3ODQW8QLTXH | SURYLGHGLQWKH0RQWLFHOOR0DUN,&RQWDLQPHQW/RQJ7HUP3URJUDP3ODQW8QLTXH | ||
$QDO | $QDO\VLV5HSRUWV 38$5V 5HIHUHQFHVDQG 7KHRYHUDOOFRQFOXVLRQVRIWKH | ||
38$5VDUHWKDWWKHVWUHVVHVDQGUHDFWLRQVDSSOLHGWRWKHHYDOXDWHGFRPSRQHQWVDQG | 38$5VDUHWKDWWKHVWUHVVHVDQGUHDFWLRQVDSSOLHGWRWKHHYDOXDWHGFRPSRQHQWVDQG | ||
VWUXFWXUHVDVDUHVXOWRIWKHSRVWXODWHGORDGVDQGORDGFRPELQDWLRQVDUHZLWKLQWKH | VWUXFWXUHVDVDUHVXOWRIWKHSRVWXODWHGORDGVDQGORDGFRPELQDWLRQVDUHZLWKLQWKH | ||
DOORZDEOHOLPLWV7KH38$5VZHUHUHYLHZHGDQGDSSURYHGE | DOORZDEOHOLPLWV7KH38$5VZHUHUHYLHZHGDQGDSSURYHGE\WKH15& | ||
5HIHUHQFH | 5HIHUHQFH | ||
| Line 1,589: | Line 1,589: | ||
185(*UHTXLUHVWKDWSURFHGXUHVEHVSHFLILHGWRLQLWLDWHWKHDXWRPDWLF | 185(*UHTXLUHVWKDWSURFHGXUHVEHVSHFLILHGWRLQLWLDWHWKHDXWRPDWLF | ||
GHSUHVVXUL]DWLRQV | GHSUHVVXUL]DWLRQV\VWHP $'6 E\PDQXDORSHUDWRUDFWLRQZLWKLQWKHPLQXWHWLPH | ||
SHULRGDVVXPHGLQWKH/'5LQRUGHUWROLPLWFKXJJLQJGXUDWLRQIRUD6%$7KLV | SHULRGDVVXPHGLQWKH/'5LQRUGHUWROLPLWFKXJJLQJGXUDWLRQIRUD6%$7KLV | ||
UHTXLUHPHQWZDVDGGUHVVHGE | UHTXLUHPHQWZDVDGGUHVVHGE\WKH%:52ZQHUV¶*URXS %:52* (PHUJHQF\ | ||
3URFHGXUH*XLGHOLQHV (3*¶V 5HIHUHQFHVDQG &KXJJLQJLVWKHF | 3URFHGXUH*XLGHOLQHV (3*¶V 5HIHUHQFHVDQG &KXJJLQJLVWKHF\FOLF | ||
FRQGHQVDWLRQRIVWHDPDWWKHGRZQFRPHURSHQLQJVRIWKHGU | FRQGHQVDWLRQRIVWHDPDWWKHGRZQFRPHURSHQLQJVRIWKHGU\ZHOOYHQWV:KHQD | ||
VWHDPEXEEOHFROODSVHVDWWKHH[LWRIWKHGRZQFRPHUVWKHUXVKRIZDWHUGUDZQLQWR | VWHDPEXEEOHFROODSVHVDWWKHH[LWRIWKHGRZQFRPHUVWKHUXVKRIZDWHUGUDZQLQWR | ||
WKHGRZQFRPHUVWRILOOWKHYRLGLQGXFHVVWUHVVDWWKHMXQFWLRQRIWKHGRZQFRPHUVDQG | WKHGRZQFRPHUVWRILOOWKHYRLGLQGXFHVVWUHVVDWWKHMXQFWLRQRIWKHGRZQFRPHUVDQG | ||
WKHYHQWKHDGHU5HSHDWHGDSSOLFDWLRQRIVXFKVWUHVVHVFRXOGFDXVHIDWLJXHIDLOXUH | WKHYHQWKHDGHU5HSHDWHGDSSOLFDWLRQRIVXFKVWUHVVHVFRXOGFDXVHIDWLJXHIDLOXUH | ||
RIWKHVHMRLQWVWKHUHE | RIWKHVHMRLQWVWKHUHE\FUHDWLQJDGLUHFWSDWKEHWZHHQWKHGU\ZHOODQGWRUXVDLUVSDFH | ||
6WHDPGLVFKDUJHGWKURXJKWKHGRZQFRPHUVFRXOGWKHQE | 6WHDPGLVFKDUJHGWKURXJKWKHGRZQFRPHUVFRXOGWKHQE\SDVVWKHVXSSUHVVLRQSRRO | ||
DQGGLUHFWO | DQGGLUHFWO\SUHVVXUL]HWKHWRUXVDLUVSDFH | ||
6FDOHPRGHOWHVWVGHPRQVWUDWHWKDWFKXJJLQJRFFXUVRQO | 6FDOHPRGHOWHVWVGHPRQVWUDWHWKDWFKXJJLQJRFFXUVRQO\ZKHQIORZWKURXJKWKH | ||
GRZQFRPHUVLVORZDQGWKHGU | GRZQFRPHUVLVORZDQGWKHGU\ZHOODWPRVSKHUHFRQWDLQVPRUHWKDQ VWHDP | ||
&KXJJLQJFDQWKXVEHSUHYHQWHGE | &KXJJLQJFDQWKXVEHSUHYHQWHGE\PDLQWDLQLQJWKHGU\ZHOOQRQFRQGHQVDEOH | ||
IUDFWLRQDERYH7KHFRQGLWLRQFDQEHPDLQWDLQHGE | IUDFWLRQDERYH7KHFRQGLWLRQFDQEHPDLQWDLQHGE\RSHUDWLQJGU\ZHOOVSUD\V | ||
,QLWLDWLQJVSUD | ,QLWLDWLQJVSUD\VUHGXFHVGU\ZHOOSUHVVXUHRSHQLQJWKHGU\ZHOOWRWRUXVYDFXXP | ||
EUHDNHUVDQGGUDZLQJQRQFRQGHQVLEOHVEDFNLQWRWKHGU | EUHDNHUVDQGGUDZLQJQRQFRQGHQVLEOHVEDFNLQWRWKHGU\ZHOO7KHGU\ZHOO | ||
QRQFRQGHQVDEOHFRQWHQWWKXVUHPDLQVKLJKHQRXJKWRSUHFOXGHFKXJJLQJ:KLOH | QRQFRQGHQVDEOHFRQWHQWWKXVUHPDLQVKLJKHQRXJKWRSUHFOXGHFKXJJLQJ:KLOH | ||
WKHGU | WKHGU\ZHOOQRQFRQGHQVDEOHFRQWHQWFDQQRWEHPRQLWRUHGGLUHFWO\DQ(3*DFWLRQ | ||
OHYHOKDVEHHQHVWDEOLVKHGEDVHGXSRQWRUXVSUHVVXUH$VGU | OHYHOKDVEHHQHVWDEOLVKHGEDVHGXSRQWRUXVSUHVVXUH$VGU\ZHOOQRQFRQGHQVLEOHV | ||
DUHSXUJHGWRWKHWRUXVDLUVSDFHDQGUHSODFHGE | DUHSXUJHGWRWKHWRUXVDLUVSDFHDQGUHSODFHGE\VWHDPWRUXVSUHVVXUHLQFUHDVHV | ||
7KHGU | 7KHGU\ZHOOQRQFRQGHQVDEOHFRQWHQWFDQWKXVEHUHODWHGWRWRUXVSUHVVXUH)RU | ||
FRQVHUYDWLVPGU | FRQVHUYDWLVPGU\ZHOOVSUD\VDUHLQLWLDWHGDWDWRUXVSUHVVXUHFRUUHVSRQGLQJWRD | ||
GU | GU\ZHOOQRQFRQGHQVDEOHFRQWHQWRI7KLVLVWKH³6XSSUHVVLRQ&KDPEHU6SUD\ | ||
,QLWLDWLRQ3UHVVXUH 6&6,3 'GHILQHGWREHWKHORZHVWSUHVVXUHZKLFKFDQRFFXU | ,QLWLDWLRQ3UHVVXUH 6&6,3 'GHILQHGWREHWKHORZHVWSUHVVXUHZKLFKFDQRFFXU | ||
ZKHQ RIWKHQRQFRQGHQVLEOHVLQWKHGU | ZKHQ RIWKHQRQFRQGHQVLEOHVLQWKHGU\ZHOOKDYHEHHQWUDQVIHUUHGWRWKHWRUXV | ||
7KH6&6,3IRU0RQWLFHOORLVGHILQHGLQHDFKF | 7KH6&6,3IRU0RQWLFHOORLVGHILQHGLQHDFKF\FOHVSHFLILFHPHUJHQF\RSHUDWLQJ | ||
SURFHGXUH (23 FDOFXODWLRQLQDFFRUGDQFHZLWK(3*JXLGDQFH7KH6&6,3LV | SURFHGXUH (23 FDOFXODWLRQLQDFFRUGDQFHZLWK(3*JXLGDQFH7KH6&6,3LV | ||
LPSOHPHQWHGDWDGU | LPSOHPHQWHGDWDGU\ZHOOSUHVVXUHRISVLJLQWKH(23VVLQFHWKHWRUXVSUHVVXUH | ||
LQGLFDWLQJUDQJHGRHVQRWH[WHQGWRWKH6&6,3 5HIHUHQFH 7KH%:52* | LQGLFDWLQJUDQJHGRHVQRWH[WHQGWRWKH6&6,3 5HIHUHQFH 7KH%:52* | ||
(3*¶VDUHWKHEDVLVIRU0RQWLFHOOR¶V(23V VHH86$5VHFWLRQ | (3*¶VDUHWKHEDVLVIRU0RQWLFHOOR¶V(23V VHH86$5VHFWLRQ | ||
7KH5+5LQWHUWLHOLQHZDVLQVWDOOHGDIWHULVVXDQFHRIWKH38$5V&RQVHTXHQWO | 7KH5+5LQWHUWLHOLQHZDVLQVWDOOHGDIWHULVVXDQFHRIWKH38$5V&RQVHTXHQWO\ | ||
DQRWKHUDQDO | DQRWKHUDQDO\VLV 5HIHUHQFH ZDVSHUIRUPHGWRHYDOXDWHWKHSRROVZHOOORDGVRQ | ||
WKHWRUXVVKHOODQGLQWHUQDOV7KHPD[LPXPVXSSUHVVLRQSRROPDVVZDVXVHGLQ | WKHWRUXVVKHOODQGLQWHUQDOV7KHPD[LPXPVXSSUHVVLRQSRROPDVVZDVXVHGLQ | ||
RUGHUWRPD[LPL]HWKHSRROVZHOOORDGVZKLFKUHVXOWHGLQDVOLJKWO | RUGHUWRPD[LPL]HWKHSRROVZHOOORDGVZKLFKUHVXOWHGLQDVOLJKWO\KLJKHUSHDN | ||
SUHVVXUHWKDQUHSRUWHGLQ5HIHUHQFH7KHSRROVZHOOORDGVLQFUHDVHGE | SUHVVXUHWKDQUHSRUWHGLQ5HIHUHQFH7KHSRROVZHOOORDGVLQFUHDVHGE\OHVVWKDQ | ||
GXHWRWKHLQFUHDVHGGU | GXHWRWKHLQFUHDVHGGU\ZHOOSUHVVXUH7KH5+5LQWHUWLHOLQHZDVWKHUHIRUH | ||
GHWHUPLQHGWRKDYHDQHJOLJLEOHLPSDFWRQFRQWDLQPHQWORDGV | GHWHUPLQHGWRKDYHDQHJOLJLEOHLPSDFWRQFRQWDLQPHQWORDGV | ||
7KHFRQWDLQPHQWUHVSRQVHWRG | 7KHFRQWDLQPHQWUHVSRQVHWRG\QDPLFORDGVUHVXOWLQJIURPSRVWXODWHG/2&$DQG | ||
659DFWXDWLRQHYHQWVKDVEHHQUHHYDOXDWHGIRUSODQWRSHUDWLRQDW0:W | 659DFWXDWLRQHYHQWVKDVEHHQUHHYDOXDWHGIRUSODQWRSHUDWLRQDW0:W | ||
H[WHQGHGSRZHUXSUDWH (38 FRQGLWLRQV 5HIHUHQFHDQG 7KH/2&$ | H[WHQGHGSRZHUXSUDWH (38 FRQGLWLRQV 5HIHUHQFHDQG 7KH/2&$ | ||
FRQWDLQPHQWG | FRQWDLQPHQWG\QDPLFORDGVDQDO\VLVIRU(38FRQGLWLRQVLVEDVHGSULPDULO\RQWKH | ||
VKRUWWHUP/2&$DQDO | VKRUWWHUP/2&$DQDO\VHV7KHVHDQDO\VHVZHUHSHUIRUPHGXVLQJWKH0DUN,/73 | ||
PHWKRGH[FHSWWKDWWKHEUHDNIORZZDVFDOFXODWHGXVLQJDPRUHGHWDLOHG539PRGHO | PHWKRGH[FHSWWKDWWKHEUHDNIORZZDVFDOFXODWHGXVLQJDPRUHGHWDLOHG539PRGHO | ||
5HIHUHQFH DQGLQFOXGHVWKHEUHDNDUHDRIWKH5+5LQWHUWLHOLQH7KH | 5HIHUHQFH DQGLQFOXGHVWKHEUHDNDUHDRIWKH5+5LQWHUWLHOLQH7KH | ||
DSSOLFDWLRQRIWKLVPRGHOWR(38FRQWDLQPHQWHYDOXDWLRQVLVLGHQWLILHGLQ*(5HSRUW | DSSOLFDWLRQRIWKLVPRGHOWR(38FRQWDLQPHQWHYDOXDWLRQVLVLGHQWLILHGLQ*(5HSRUW | ||
1('&3$ 5HIHUHQFH 7KHVHDQDO | 1('&3$ 5HIHUHQFH 7KHVHDQDO\VHVSURYLGHFDOFXODWHGYDOXHVIRU | ||
WKHFRQWUROOLQJSDUDPHWHUVIRUWKHG | WKHFRQWUROOLQJSDUDPHWHUVIRUWKHG\QDPLFORDGVWKURXJKRXWWKHEORZGRZQ7KHNH\ | ||
SDUDPHWHUVDUHGU | SDUDPHWHUVDUHGU\ZHOODQGZHWZHOOSUHVVXUHYHQWIORZUDWHVDQGVXSSUHVVLRQSRRO | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 1,647: | Line 1,647: | ||
WHPSHUDWXUH7KH/2&$G | WHPSHUDWXUH7KH/2&$G\QDPLFORDGVHYDOXDWHGLQFOXGHGSRROVZHOOYHQWV\VWHP | ||
WKUXVWFRQGHQVDWLRQRVFLOODWLRQDQGFKXJJLQJORDGV | WKUXVWFRQGHQVDWLRQRVFLOODWLRQDQGFKXJJLQJORDGV | ||
7KHVKRUWWHUPFRQWDLQPHQWUHVSRQVHFRQGLWLRQVDW(38FRQGLWLRQVDUHZLWKLQWKH | 7KHVKRUWWHUPFRQWDLQPHQWUHVSRQVHFRQGLWLRQVDW(38FRQGLWLRQVDUHZLWKLQWKH | ||
| Line 1,653: | Line 1,653: | ||
ORDGVIRU0RQWLFHOORLQDFFRUGDQFHZLWKWKH/'5 5HIHUHQFH 7KHORQJWHUP | ORDGVIRU0RQWLFHOORLQDFFRUGDQFHZLWKWKH/'5 5HIHUHQFH 7KHORQJWHUP | ||
UHVSRQVHFRQGLWLRQVWKDWDUHSUHVHQWZKHQFKXJJLQJZRXOGRFFXUXQGHU(38DUH | UHVSRQVHFRQGLWLRQVWKDWDUHSUHVHQWZKHQFKXJJLQJZRXOGRFFXUXQGHU(38DUH | ||
HQYHORSHGE | HQYHORSHGE\WKHUDQJHRIFRQGLWLRQVXVHGLQWKH/'5WRGHILQHWKHFKXJJLQJORDGV | ||
7KHYHQWWKUXVWORDGVZHUHFDOFXODWHGWREHOHVVWKDQWKHSODQWVSHFLILFYDOXHV | 7KHYHQWWKUXVWORDGVZHUHFDOFXODWHGWREHOHVVWKDQWKHSODQWVSHFLILFYDOXHV | ||
FRQWDLQHGLQWKH38/' 5HIHUHQFH 7KHUHIRUHWKH/2&$G | FRQWDLQHGLQWKH38/' 5HIHUHQFH 7KHUHIRUHWKH/2&$G\QDPLFORDGVDQG | ||
ORDGGHILQLWLRQVGHWHUPLQHGIRURULJLQDOOLFHQVHGWKHUPDOSRZHUFRQGLWLRQVDUHQRW | ORDGGHILQLWLRQVGHWHUPLQHGIRURULJLQDOOLFHQVHGWKHUPDOSRZHUFRQGLWLRQVDUHQRW | ||
DIIHFWHGE | DIIHFWHGE\(38 | ||
7KH659ORDGVDW(38FRQGLWLRQVZHUHHYDOXDWHGIRUWZRGLIIHUHQWDFWXDWLRQSKDVHV | 7KH659ORDGVDW(38FRQGLWLRQVZHUHHYDOXDWHGIRUWZRGLIIHUHQWDFWXDWLRQSKDVHV | ||
LQLWLDODFWXDWLRQDQGVXEVHTXHQWDFWXDWLRQ/RDGVGXHWRLQLWLDO659DFWXDWLRQDUH | LQLWLDODFWXDWLRQDQGVXEVHTXHQWDFWXDWLRQ/RDGVGXHWRLQLWLDO659DFWXDWLRQDUH | ||
GHWHUPLQHGE | GHWHUPLQHGE\SDUDPHWHUVLQFOXGLQJWKH659VHWSRLQWV659'LVFKDUJH/LQH | ||
659'/ YROXPHOLQHOHQJWKVDQGIULFWLRQORVVHVDQGQXPEHURIWXUQV%HFDXVHDOO | 659'/ YROXPHOLQHOHQJWKVDQGIULFWLRQORVVHVDQGQXPEHURIWXUQV%HFDXVHDOO | ||
WKHVHSDUDPHWHUVLQFOXGLQJWKH659VHWSRLQWVGRQRWFKDQJHORDGVGXHWRLQLWLDO | WKHVHSDUDPHWHUVLQFOXGLQJWKH659VHWSRLQWVGRQRWFKDQJHORDGVGXHWRLQLWLDO | ||
659DFWXDWLRQVDUHQRWLPSDFWHGE | 659DFWXDWLRQVDUHQRWLPSDFWHGE\(38/RDGVGXHWRVXEVHTXHQW659DFWXDWLRQV | ||
GHSHQGSULPDULO | GHSHQGSULPDULO\RQWKH659'/UHIORRGKHLJKWDWWKHWLPHRI659RSHQLQJDQG659 | ||
VHWSRLQWV7KHQXPEHURI659F | VHWSRLQWV7KHQXPEHURI659F\FOHVZLOOLQFUHDVHZLWK(38GXHWRDKLJKHU | ||
VWHDPLQJUDWHDWLQFUHDVHGGHFD | VWHDPLQJUDWHDWLQFUHDVHGGHFD\SRZHUOHYHOV(38ZLOODOVRUHGXFHWKHPLQLPXP | ||
SRVWXODWHGWLPHEHWZHHQ659DFWXDWLRQV+RZHYHUWKHWLPHEHWZHHQDFWXDWLRQVLV | SRVWXODWHGWLPHEHWZHHQ659DFWXDWLRQV+RZHYHUWKHWLPHEHWZHHQDFWXDWLRQVLV | ||
VWLOOZHOODERYHWKHVHFRQGWLPHUHTXLUHGWRUHHVWDEOLVKWKH659GLVFKDUJHOLQH | VWLOOZHOODERYHWKHVHFRQGWLPHUHTXLUHGWRUHHVWDEOLVKWKH659GLVFKDUJHOLQH | ||
HTXLOLEULXPKHLJKWZKLFKLVLQGHSHQGHQWRIUHDFWRUSRZHUOHYHO VHH86$5 | HTXLOLEULXPKHLJKWZKLFKLVLQGHSHQGHQWRIUHDFWRUSRZHUOHYHO VHH86$5 | ||
VHFWLRQ 7KH659ORZORZVHWORJLFSUHYHQWVVXEVHTXHQW659DFWXDWLRQVXQWLO | VHFWLRQ 7KH659ORZORZVHWORJLFSUHYHQWVVXEVHTXHQW659DFWXDWLRQVXQWLO | ||
DIWHUWKH659'/UHIORRGOHYHOVWDELOL]HVWRWKHHTXLOLEULXPKHLJKW&RQVHTXHQWO | DIWHUWKH659'/UHIORRGOHYHOVWDELOL]HVWRWKHHTXLOLEULXPKHLJKW&RQVHTXHQWO\WKH | ||
659ORDGVDQGORDGGHILQLWLRQVGXHWRLQLWLDODQGVXEVHTXHQW659DFWXDWLRQVDUHQRW | 659ORDGVDQGORDGGHILQLWLRQVGXHWRLQLWLDODQGVXEVHTXHQW659DFWXDWLRQVDUHQRW | ||
FKDQJHGIRU(38 5HIHUHQFHVDQG | FKDQJHGIRU(38 5HIHUHQFHVDQG | ||
7KHFRQWDLQPHQWK | 7KHFRQWDLQPHQWK\GURG\QDPLFORDGVUHVXOWLQJIURPSRVWXODWHG/2&$HYHQWVRU | ||
659DFWXDWLRQVZHUHDOVRHYDOXDWHGDW0D[LPXP([WHQGHG/RDG/LPLW/LQH3OXV | 659DFWXDWLRQVZHUHDOVRHYDOXDWHGDW0D[LPXP([WHQGHG/RDG/LPLW/LQH3OXV | ||
RSHUDWLQJGRPDLQFRQGLWLRQV7KHUHVXOWVRIWKLVHYDOXDWLRQGHPRQVWUDWHWKDWH[LVWLQJ | RSHUDWLQJGRPDLQFRQGLWLRQV7KHUHVXOWVRIWKLVHYDOXDWLRQGHPRQVWUDWHWKDWH[LVWLQJ | ||
| Line 1,680: | Line 1,680: | ||
ERXQGLQJ,QDGGLWLRQWKHUHDUHQRFKDQJHVWRWKH659DFWXDWLRQORDGV | ERXQGLQJ,QDGGLWLRQWKHUHDUHQRFKDQJHVWRWKH659DFWXDWLRQORDGV | ||
5HIHUHQFH | 5HIHUHQFH | ||
6LQFHWKH/2&$G | 6LQFHWKH/2&$G\QDPLFORDGVDQG659DFWXDWLRQORDGVGHWHUPLQHGIRURULJLQDO | ||
OLFHQVHGWKHUPDOSRZHUFRQGLWLRQVDUHQRWDIIHFWHGE | OLFHQVHGWKHUPDOSRZHUFRQGLWLRQVDUHQRWDIIHFWHGE\SODQWRSHUDWLRQDW(38DQG | ||
0(///$FRQGLWLRQVWKHUHVXOWVRIWKH38$5V 5HIHUHQFHVDQG DUH | 0(///$FRQGLWLRQVWKHUHVXOWVRIWKH38$5V 5HIHUHQFHVDQG DUH | ||
ERXQGLQJDQGJRYHUQLQJIRU0:WFRQGLWLRQV7KH15&FRQFOXGHGWKDWWKH | ERXQGLQJDQGJRYHUQLQJIRU0:WFRQGLWLRQV7KH15&FRQFOXGHGWKDWWKH | ||
FRQWDLQPHQWUHVSRQVHWRG | FRQWDLQPHQWUHVSRQVHWRG\QDPLFORDGVUHVXOWLQJIURPSRVWXODWHG/2&$DQG659 | ||
DFWXDWLRQHYHQWVDW(38DQG0(///$FRQGLWLRQVLVVDWLVIDFWRU | DFWXDWLRQHYHQWVDW(38DQG0(///$FRQGLWLRQVLVVDWLVIDFWRU\ 5HIHUHQFH | ||
DQG | DQG | ||
| Line 1,699: | Line 1,699: | ||
'HVLJQ%DVLV$FFLGHQWRI&RRODQW$FFLGHQW '%$/2&$ %UHDN$UHD | 'HVLJQ%DVLV$FFLGHQWRI&RRODQW$FFLGHQW '%$/2&$ %UHDN$UHD | ||
7KHWRWDOEUHDNDUHDLVHTXDOWRWKHVXPRIDOOSDUDOOHOIORZDUHDV:LWKWKH5+5 | 7KHWRWDOEUHDNDUHDLVHTXDOWRWKHVXPRIDOOSDUDOOHOIORZDUHDV:LWKWKH5+5 | ||
,QWHUWLHOLQHYDOYHVRSHQWKHEUHDNDUHDLVJLYHQE | ,QWHUWLHOLQHYDOYHVRSHQWKHEUHDNDUHDLVJLYHQE\ VHH)LJXUH | ||
$% | $% | ||
| Line 1,725: | Line 1,725: | ||
&RQWDLQPHQW7HPSHUDWXUHDQG3UHVVXUH5HVSRQVH | &RQWDLQPHQW7HPSHUDWXUHDQG3UHVVXUH5HVSRQVH | ||
6KRUWDQGORQJWHUPWKHUPRG | 6KRUWDQGORQJWHUPWKHUPRG\QDPLFFDOFXODWLRQVZHUHSHUIRUPHGLQVXSSRUWRI | ||
H[WHQGHGSRZHUXSUDWH (38 5HIHUHQFH DQGWRGHWHUPLQHWKHOLPLWLQJ | H[WHQGHGSRZHUXSUDWH (38 5HIHUHQFH DQGWRGHWHUPLQHWKHOLPLWLQJ | ||
FRQWDLQPHQWUHVSRQVHIRUHPHUJHQF | FRQWDLQPHQWUHVSRQVHIRUHPHUJHQF\FRUHFRROLQJV\VWHP (&&6 SXPSQHWSRVLWLYH | ||
VXFWLRQKHDG 136+ 5HIHUHQFHV DQG 7KH15&FRQFOXGHG | VXFWLRQKHDG 136+ 5HIHUHQFHV DQG 7KH15&FRQFOXGHG | ||
WKDWWKHFRQWDLQPHQWUHVSRQVHDW(38FRQGLWLRQVZDVVDWLVIDFWRU | WKDWWKHFRQWDLQPHQWUHVSRQVHDW(38FRQGLWLRQVZDVVDWLVIDFWRU\ 5HIHUHQFH | ||
7KHSDUDPHWHUVXVHGLQWKHFRQWDLQPHQWUHVSRQVHHYDOXDWLRQVDUHSURYLGHGLQWKH | 7KHSDUDPHWHUVXVHGLQWKHFRQWDLQPHQWUHVSRQVHHYDOXDWLRQVDUHSURYLGHGLQWKH | ||
&RQWDLQPHQW$QDO | &RQWDLQPHQW$QDO\VLV,QSXW3DUDPHWHU)RUP 23/$ 7KHPDMRUSDUDPHWHUVIURP | ||
WKHIRUPDUHOLVWHGLQ7DEOH7KH23/$IRUP 5HIHUHQFH DOVRLQFOXGHV | WKHIRUPDUHOLVWHGLQ7DEOH7KH23/$IRUP 5HIHUHQFH DOVRLQFOXGHV | ||
WKHEDVLVIRUHDFKFRQWDLQPHQWSDUDPHWHU7KHDVVXPSWLRQVFRPSXWHUFRGHVLQLWLDO | WKHEDVLVIRUHDFKFRQWDLQPHQWSDUDPHWHU7KHDVVXPSWLRQVFRPSXWHUFRGHVLQLWLDO | ||
FRQGLWLRQVDQGPHWKRGVXVHGLQWKH/2&$FRQWDLQPHQWUHVSRQVHHYDOXDWLRQVDUH | FRQGLWLRQVDQGPHWKRGVXVHGLQWKH/2&$FRQWDLQPHQWUHVSRQVHHYDOXDWLRQVDUH | ||
GHVFULEHGLQ5HIHUHQFHVDQG7KHGHFD | GHVFULEHGLQ5HIHUHQFHVDQG7KHGHFD\KHDWDVVXPSWLRQVDUH | ||
GHVFULEHGLQ5HIHUHQFH9DULRXVDFFLGHQWVFHQDULRVZHUHGHYHORSHGWRVXSSRUW | GHVFULEHGLQ5HIHUHQFH9DULRXVDFFLGHQWVFHQDULRVZHUHGHYHORSHGWRVXSSRUW | ||
VKRUWWHUPDQGORQJWHUP DVUHTXLUHG PD[LPXPFRQWDLQPHQWUHVSRQVHWRVPDOO | VKRUWWHUPDQGORQJWHUP DVUHTXLUHG PD[LPXPFRQWDLQPHQWUHVSRQVHWRVPDOO | ||
| Line 1,742: | Line 1,742: | ||
DQG$SSHQGL[5)XUWKHUHYDOXDWLRQVZHUHFRPSOHWHGWRGHPRQVWUDWHWKDWWKHUHLV | DQG$SSHQGL[5)XUWKHUHYDOXDWLRQVZHUHFRPSOHWHGWRGHPRQVWUDWHWKDWWKHUHLV | ||
PLQLPDOLPSDFWRQVXSSUHVVLRQSRROWHPSHUDWXUHIURPSHUIRUPDQFHRIFRQWDLQPHQW | PLQLPDOLPSDFWRQVXSSUHVVLRQSRROWHPSHUDWXUHIURPSHUIRUPDQFHRIFRQWDLQPHQW | ||
FRROLQJXVLQJDQ | FRROLQJXVLQJDQ\RIWKHDYDLODEOHPRGHVLQFOXGLQJVXSSUHVVLRQSRROFRROLQJ | ||
FRQWDLQPHQWVSUD | FRQWDLQPHQWVSUD\RUFRUHLQMHFWLRQFRROLQJ'U\ZHOOVSUD\LVFRQVLGHUHGWKHQRUPDO | ||
PRGHRIFRQWDLQPHQWFRROLQJWRFRPSO | PRGHRIFRQWDLQPHQWFRROLQJWRFRPSO\ZLWK(23UHTXLUHPHQWVIURPWKHH[SHFWHG | ||
GU | GU\ZHOOSUHVVXUHUHVSRQVH | ||
6KRUWWHUP VHFRQGV ERXQGLQJ(38WKHUPRG | 6KRUWWHUP VHFRQGV ERXQGLQJ(38WKHUPRG\QDPLFFRQWDLQPHQWDQDO\VHVRID | ||
GRXEOHHQGHGSLSHEUHDNIRUDUHFLUFXODWLRQVXFWLRQOLQH '%$/2&$ ZHUH | GRXEOHHQGHGSLSHEUHDNIRUDUHFLUFXODWLRQVXFWLRQOLQH '%$/2&$ ZHUH | ||
GHYHORSHGDQGHYDOXDWHG7KHVHDQDO | GHYHORSHGDQGHYDOXDWHG7KHVHDQDO\VHVFRYHUWKHEORZGRZQSHULRGZKHUHWKH | ||
PD[LPXPGU | PD[LPXPGU\ZHOODLUVSDFHWHPSHUDWXUHDQGSUHVVXUHRFFXUV3HDNGU\ZHOOSUHVVXUH | ||
IRUD'%$/2&$LVUHDFKHGZLWKLQDERXWVHFRQGV $VEUHDNVL]HGHFUHDVHVWKH | IRUD'%$/2&$LVUHDFKHGZLWKLQDERXWVHFRQGV $VEUHDNVL]HGHFUHDVHVWKH | ||
WLPHWRUHDFKSHDNGU | WLPHWRUHDFKSHDNGU\ZHOOSUHVVXUHLQFUHDVHV7KHVKRUWWHUPWKHUPRG\QDPLF | ||
DQDO | DQDO\VHVXWLOL]HGDVVXPSWLRQVWRPD[LPL]HWKHSHDN'%$/2&$GU\ZHOOSUHVVXUH | ||
7KHGU | 7KHGU\ZHOODQGZHWZHOOVKRUWWHUPSHDNSUHVVXUHDQGWHPSHUDWXUHUHVSRQVHVDUH | ||
VKRZQLQ)LJXUHRD 5HIHUHQFH | VKRZQLQ)LJXUHRD 5HIHUHQFH | ||
| Line 1,768: | Line 1,768: | ||
GHVLJQEDVLVLH0:WLQWKH0(///$RSHUDWLQJGRPDLQ7KHORQJWHUP | GHVLJQEDVLVLH0:WLQWKH0(///$RSHUDWLQJGRPDLQ7KHORQJWHUP | ||
FRQWDLQPHQWUHVSRQVHGRHVQRWFKDQJHIRU0(///$ 5HIHUHQFH | FRQWDLQPHQWUHVSRQVHGRHVQRWFKDQJHIRU0(///$ 5HIHUHQFH | ||
)RU'%$/2&$WKHUHDFWRUTXLFNO | )RU'%$/2&$WKHUHDFWRUTXLFNO\EORZVGRZQGXHWRWKHODUJHEUHDNVL]H7KH | ||
YHVVHOSUHVVXUHGURSVWRRUDSLGO | YHVVHOSUHVVXUHGURSVWRRUDSLGO\IRUWKHKLJKSUHVVXUHFRRODQWLQMHFWLRQV\VWHPWR | ||
VXSSO | VXSSO\DQ\PDNHXSZDWHU$WWKHWLPHRIWKHEUHDNLWLVDVVXPHGWKDWWKHRIIVLWH$& | ||
SRZHULVORVWZLWKWKHOLPLWLQJVLQJOHDFWLYHIDLOXUHRIRQHHPHUJHQF | SRZHULVORVWZLWKWKHOLPLWLQJVLQJOHDFWLYHIDLOXUHRIRQHHPHUJHQF\GLHVHOJHQHUDWRU | ||
('* FRQVLGHUHGIRUFRQWDLQPHQWDQDO | ('* FRQVLGHUHGIRUFRQWDLQPHQWDQDO\VLVRQO\7KHHPHUJHQF\FRUHFRROLQJ | ||
V | V\VWHP (&&6 SRZHUPXVWWKHUHIRUHEHVXSSOLHGE\WKHUHPDLQLQJ('*7KLV | ||
FDXVHVDGHOD | FDXVHVDGHOD\RIPRUHWKDQVHFEHIRUHUDWHG(&&6IORZLVDYDLODEOH 6HH | ||
7DEOH | 7DEOH | ||
7KHPD[LPXPSUHVVXUHDQGWHPSHUDWXUHH[SHFWHGLQWKHFRQWDLQPHQWDVDUHVXOWRI | 7KHPD[LPXPSUHVVXUHDQGWHPSHUDWXUHH[SHFWHGLQWKHFRQWDLQPHQWDVDUHVXOWRI | ||
D'%$/2&$DUHSVLJDQG )UHVSHFWLYHO | D'%$/2&$DUHSVLJDQG )UHVSHFWLYHO\ 5HIHUHQFH 7KHERXQGLQJ | ||
PD[LPXPSUHVVXUHVDQGWHPSHUDWXUHVSRVWXODWHGIRUDOO/2&$EUHDNFDVHVDUH | PD[LPXPSUHVVXUHVDQGWHPSHUDWXUHVSRVWXODWHGIRUDOO/2&$EUHDNFDVHVDUH | ||
VXPPDUL]HGLQ7DEOH)RUWKHGU | VXPPDUL]HGLQ7DEOH)RUWKHGU\ZHOOFRPSDUWPHQWWKHPD[LPXPSUHVVXUH | ||
DQGWHPSHUDWXUHRFFXUHDUO | DQGWHPSHUDWXUHRFFXUHDUO\LQWKH'%$/2&$GXULQJWKHEORZGRZQSKDVH$WWKLV | ||
WLPHWKHLQHUWLDOHIIHFWVRIWKHIORZLQWKHYHQWV | WLPHWKHLQHUWLDOHIIHFWVRIWKHIORZLQWKHYHQWV\VWHPFDXVHWKHGU\ZHOOWRUHPDLQDWD | ||
PXFKJUHDWHUSUHVVXUHWKDQWKHZHWZHOO7KHVHKLJKSUHVVXUHVDUHTXLFNO | PXFKJUHDWHUSUHVVXUHWKDQWKHZHWZHOO7KHVHKLJKSUHVVXUHVDUHTXLFNO\ | ||
GLVVLSDWHGDVFDQEHVHHQLQ)LJXUHRD | GLVVLSDWHGDVFDQEHVHHQLQ)LJXUHRD | ||
7KHORQJWHUPFRQWDLQPHQWUHVSRQVHWRDSRVWXODWHGUHFLUFXODWLRQVXFWLRQOLQHEUHDN | 7KHORQJWHUPFRQWDLQPHQWUHVSRQVHWRDSRVWXODWHGUHFLUFXODWLRQVXFWLRQOLQHEUHDN | ||
LVLOOXVWUDWHGLQ)LJXUHVRESDQGT)LJXUHREVKRZVWKHH[SHFWHGSUHVVXUHV | LVLOOXVWUDWHGLQ)LJXUHVRESDQGT)LJXUHREVKRZVWKHH[SHFWHGSUHVVXUHV | ||
LQWKHGU | LQWKHGU\ZHOODQGSUHVVXUHVXSSUHVVLRQFKDPEHU ZHWZHOO $IWHUWKHYHVVHOLV | ||
IORRGHG(&&6IORZFDVFDGHVIURPWKHEUHDNDQGTXHQFKHVWKHVWHDPLQWKHGU | IORRGHG(&&6IORZFDVFDGHVIURPWKHEUHDNDQGTXHQFKHVWKHVWHDPLQWKHGU\ZHOO | ||
UDSLGO | UDSLGO\GURSSLQJWKHGU\ZHOOSUHVVXUH7KHZHWZHOOWRGU\ZHOOYDFXXPEUHDNHUV | ||
RSHQDQGDOORZQLWURJHQWRUHWXUQWRWKHGU | RSHQDQGDOORZQLWURJHQWRUHWXUQWRWKHGU\ZHOO | ||
(23JXLGDQFHUHTXLUHVXVHRIFRQWDLQPHQWVSUD | (23JXLGDQFHUHTXLUHVXVHRIFRQWDLQPHQWVSUD\LISUHVVXUHLVQRWPDLQWDLQHGEHORZ | ||
SVLJ7KHFRQWDLQPHQWUHVSRQVHDQDO | SVLJ7KHFRQWDLQPHQWUHVSRQVHDQDO\VLVDVVXPHVDULYHUWHPSHUDWXUHRI ) | ||
8VHRIFRQWDLQPHQWVSUD | 8VHRIFRQWDLQPHQWVSUD\ZLWKDFRROHUULYHUZLOOUHGXFHFRQWDLQPHQWWHPSHUDWXUH | ||
DQGSUHVVXUHIURPZKDWLVVKRZQLQWKHDQDO | DQGSUHVVXUHIURPZKDWLVVKRZQLQWKHDQDO\VLV(23JXLGDQFHQRWHVWKDW | ||
FRQWDLQPHQWSUHVVXUHVEHORZSVLJPD | FRQWDLQPHQWSUHVVXUHVEHORZSVLJPD\QRWSURYLGHDGHTXDWH136+IRUWKH | ||
(&&6SXPSV,WLVUHFRJQL]HGWKDWRSHUDWRUDFWLRQLVUHTXLUHGWRPDLQWDLQDGHTXDWH | (&&6SXPSV,WLVUHFRJQL]HGWKDWRSHUDWRUDFWLRQLVUHTXLUHGWRPDLQWDLQDGHTXDWH | ||
136+E | 136+E\WKURWWOLQJSXPSIORZIURPWKHXQUHVWULFWHG(&&6SXPSIORZUDWHVSURYLGHG | ||
WRUHIORRGWKHFRUH 5HIHUHQFH DQG | WRUHIORRGWKHFRUH 5HIHUHQFH DQG | ||
7KHGU | 7KHGU\ZHOOWHPSHUDWXUHUHVSRQVHLVSORWWHGLQ)LJXUHS)LJXUHTJLYHVWKH | ||
VXSSUHVVLRQSRROWHPSHUDWXUHUHVSRQVH7KHZHWZHOODLUVSDFHLVDVVXPHGWREHLQ | VXSSUHVVLRQSRROWHPSHUDWXUHUHVSRQVH7KHZHWZHOODLUVSDFHLVDVVXPHGWREHLQ | ||
WKHUPDOHTXLOLEULXPZLWKWKHVXSSUHVVLRQSRROIRUWKHILUVWVHFRQGVDVWKHODUJH | WKHUPDOHTXLOLEULXPZLWKWKHVXSSUHVVLRQSRROIRUWKHILUVWVHFRQGVDVWKHODUJH | ||
YHQWIORZSURPRWHVPL[LQJ7KHUHDIWHUWKHHQHUJ | YHQWIORZSURPRWHVPL[LQJ7KHUHDIWHUWKHHQHUJ\DQGPDVVWUDQVIHULV | ||
PHFKDQLVWLFDOO | PHFKDQLVWLFDOO\PRGHOHG 5HIHUHQFH | ||
7KHZHWZHOOH[SHULHQFHVLWVPD[LPXPWHPSHUDWXUHODWHULQWKHWUDQVLHQWWKDQWKH | 7KHZHWZHOOH[SHULHQFHVLWVPD[LPXPWHPSHUDWXUHODWHULQWKHWUDQVLHQWWKDQWKH | ||
GU | GU\ZHOO7KHVXSSUHVVLRQSRROFRQWLQXHVWRKHDWXSGXHWRGHFD\KHDWIURPWKH | ||
UHDFWRUDQGWKHWUDQVIHURIKHDWIURPWKHUHDFWRUUHDFWRULQWHUQDOVDQGFRRODQWWRWKH | UHDFWRUDQGWKHWUDQVIHURIKHDWIURPWKHUHDFWRUUHDFWRULQWHUQDOVDQGFRRODQWWRWKH | ||
VXSSUHVVLRQSRRO7KHKHDWLVWUDQVIHUUHGWRWKHSRROE | VXSSUHVVLRQSRRO7KHKHDWLVWUDQVIHUUHGWRWKHSRROE\WKHVWHDPDQG(&&6ZDWHU | ||
FRPLQJRXWRIWKHUHDFWRUDQGIORZLQJWKURXJKWKHYHQWV | FRPLQJRXWRIWKHUHDFWRUDQGIORZLQJWKURXJKWKHYHQWV\VWHP(YHQWXDOO\WKH | ||
UHVLGXDOKHDWUHPRYDO 5+5 V | UHVLGXDOKHDWUHPRYDO 5+5 V\VWHPLVDEOHWRWXUQWKHWUDQVLHQWDURXQGDQGUHPRYH | ||
WKHKHDWIURPWKHSRROIDVWHUWKDQLWLVDGGHG7KLVWXUQDURXQGSRLQWFRUUHVSRQGVWR | WKHKHDWIURPWKHSRROIDVWHUWKDQLWLVDGGHG7KLVWXUQDURXQGSRLQWFRUUHVSRQGVWR | ||
WKHPD[LPXPVXSSUHVVLRQSRROWHPSHUDWXUH7KHWLPLQJRIZKHQWKLVSRLQWRFFXUVLV | WKHPD[LPXPVXSSUHVVLRQSRROWHPSHUDWXUH7KHWLPLQJRIZKHQWKLVSRLQWRFFXUVLV | ||
| Line 1,822: | Line 1,822: | ||
'%$/2&$SURYLGHVWKHIDVWHVWKHDWWUDQVIHUDQGUHVXOWVLQDSHDNDWDERXW | '%$/2&$SURYLGHVWKHIDVWHVWKHDWWUDQVIHUDQGUHVXOWVLQDSHDNDWDERXW | ||
KRXUV6ORZHUKHDWWUDQVIHUUDWHVVXFKDVIURPDQ6%$HYHQWGHOD | KRXUV6ORZHUKHDWWUDQVIHUUDWHVVXFKDVIURPDQ6%$HYHQWGHOD\VZKHQWKHSHDN | ||
RFFXUV 5HIHUHQFH $IWHUWKHWHPSHUDWXUHWUDQVLHQWWXUQVDURXQG5+5 | RFFXUV 5HIHUHQFH $IWHUWKHWHPSHUDWXUHWUDQVLHQWWXUQVDURXQG5+5 | ||
FRQWDLQPHQWVSUD | FRQWDLQPHQWVSUD\FRROLQJZLOOEHRSHUDWHGIRUDQH[WHQGHGSHULRGRIWLPHUHTXLUHG | ||
E | E\WKHORQJOLYHGUDGLRDFWLYLW\UHPDLQLQJLQWKHFRUHXQWLODQRUPDORUDOWHUQDWH | ||
PHWKRGRIGHFD | PHWKRGRIGHFD\KHDWUHPRYDOKDVEHHQHVWDEOLVKHG7KLVHYHQWDVVXPHVWKHORVV | ||
RIDQHPHUJHQF | RIDQHPHUJHQF\GLHVHOJHQHUDWRUZKLFKOLPLWVFRQWDLQPHQWVSUD\FRROLQJWRRQH | ||
GLYLVLRQRI5+5,IWKHRSHUDWRUZHUHWRXVHWKHIXOO5+5FDSDFLW | GLYLVLRQRI5+5,IWKHRSHUDWRUZHUHWRXVHWKHIXOO5+5FDSDFLW\RULIULYHU | ||
WHPSHUDWXUHZDVORZHUVXFKWKDWLQFUHDVHGFRQWDLQPHQWFRROLQJFDSDFLW | WHPSHUDWXUHZDVORZHUVXFKWKDWLQFUHDVHGFRQWDLQPHQWFRROLQJFDSDFLW\H[LVWV | ||
WKHQWKLVWUDQVLHQWZRXOGWXUQDURXQGVRRQHUDQGWKHPD[LPXPVXSSUHVVLRQSRRO | WKHQWKLVWUDQVLHQWZRXOGWXUQDURXQGVRRQHUDQGWKHPD[LPXPVXSSUHVVLRQSRRO | ||
WHPSHUDWXUHZRXOGEHOHVV | WHPSHUDWXUHZRXOGEHOHVV | ||
| Line 1,836: | Line 1,836: | ||
SDVVLYHFRQWDLQPHQWKHDWVLQNVDUHDVVXPHG$YDULDEOHKHDWH[FKDQJHU.YDOXHLV | SDVVLYHFRQWDLQPHQWKHDWVLQNVDUHDVVXPHG$YDULDEOHKHDWH[FKDQJHU.YDOXHLV | ||
XVHGWKDWLVDIXQFWLRQRIWKHKRW5+5LQOHWWHPSHUDWXUHIRUVXSSUHVVLRQSRROFRROLQJ | XVHGWKDWLVDIXQFWLRQRIWKHKRW5+5LQOHWWHPSHUDWXUHIRUVXSSUHVVLRQSRROFRROLQJ | ||
FDVHV/LPLWDWLRQVLQPRGHOFDSDELOLW | FDVHV/LPLWDWLRQVLQPRGHOFDSDELOLW\GLGQRWDOORZXVHRIDYDULDEOH.YDOXHIRU | ||
FRQWDLQPHQWFRROLQJZLWKFRQWDLQPHQWVSUD | FRQWDLQPHQWFRROLQJZLWKFRQWDLQPHQWVSUD\FRROLQJ 5HIHUHQFHVDQG 7KH | ||
HIIHFWVRIGHFD | HIIHFWVRIGHFD\HQHUJ\VWRUHGHQHUJ\DQGHQHUJ\IURPPHWDOZDWHUUHDFWLRQRQWKH | ||
SRROWHPSHUDWXUHDUHFRQVLGHUHG7KLVORQJWHUPDQDO | SRROWHPSHUDWXUHDUHFRQVLGHUHG7KLVORQJWHUPDQDO\VLVXVHVWKHPLQLPXP | ||
7HFKQLFDO6SHFLILFDWLRQYDOXHIRUWKHVXSSUHVVLRQSRROYROXPHDQGWKHDVVRFLDWHG | 7HFKQLFDO6SHFLILFDWLRQYDOXHIRUWKHVXSSUHVVLRQSRROYROXPHDQGWKHDVVRFLDWHG | ||
YHQWVXEPHUJHQFHWRPD[LPL]HWKHVXSSUHVVLRQSRROWHPSHUDWXUH | YHQWVXEPHUJHQFHWRPD[LPL]HWKHVXSSUHVVLRQSRROWHPSHUDWXUH | ||
2QHRSHUDWRURSWLRQLVWRDOLJQWKH5+5LQWKHFRQWDLQPHQWVSUD | 2QHRSHUDWRURSWLRQLVWRDOLJQWKH5+5LQWKHFRQWDLQPHQWVSUD\PRGH7KLVZRXOG | ||
TXHQFKWKHVWHDPLQWKHFRQWDLQPHQWDLUVSDFHDQGUDSLGO | TXHQFKWKHVWHDPLQWKHFRQWDLQPHQWDLUVSDFHDQGUDSLGO\GURSWKHWHPSHUDWXUHDQG | ||
SUHVVXUH | SUHVVXUH | ||
)RUWKH'%$/2&$LWLVDVVXPHGWKDWWKHRSHUDWRUUHDOLJQVRQH5+5SXPSVWDUWV | )RUWKH'%$/2&$LWLVDVVXPHGWKDWWKHRSHUDWRUUHDOLJQVRQH5+5SXPSVWDUWV | ||
RQH5+5VHUYLFHZDWHUSXPSDQGLQLWLDWHVIORZWKURXJKWKH5+5KHDWH[FKDQJHUWR | RQH5+5VHUYLFHZDWHUSXPSDQGLQLWLDWHVIORZWKURXJKWKH5+5KHDWH[FKDQJHUWR | ||
LQLWLDWHFRQWDLQPHQWFRROLQJDWPLQXWHVLQWRWKHHYHQW2QHFRUHVSUD | LQLWLDWHFRQWDLQPHQWFRROLQJDWPLQXWHVLQWRWKHHYHQW2QHFRUHVSUD\SXPS | ||
RSHUDWLQJDWWKHGHVLJQLQMHFWLRQUDWHRIJSPGHOLYHUHGWRWKHVSDUJHUVSUD | RSHUDWLQJDWWKHGHVLJQLQMHFWLRQUDWHRIJSPGHOLYHUHGWRWKHVSDUJHUVSUD\ | ||
QR))OHVLVDVVXPHGWRFRQWLQXHWRSURYLGHYHVVHOLQMHFWLRQDIWHUPLQXWHV | QR))OHVLVDVVXPHGWRFRQWLQXHWRSURYLGHYHVVHOLQMHFWLRQDIWHUPLQXWHV | ||
7KHGHVLJQWHPSHUDWXUHRISLSLQJDWWDFKHGWRWKHZHWZHOOHVWDEOLVKHVWKHORQJWHUP | 7KHGHVLJQWHPSHUDWXUHRISLSLQJDWWDFKHGWRWKHZHWZHOOHVWDEOLVKHVWKHORQJWHUP | ||
| Line 1,856: | Line 1,856: | ||
7KHHIIHFWRIYDULRXVFRQWDLQPHQWFRROLQJPHWKRGVRQWKHSHDNVXSSUHVVLRQSRRO | 7KHHIIHFWRIYDULRXVFRQWDLQPHQWFRROLQJPHWKRGVRQWKHSHDNVXSSUHVVLRQSRRO | ||
WHPSHUDWXUHGXULQJD'%$/2&$ZDVHYDOXDWHG 5HIHUHQFHV 7KHFRROLQJ | WHPSHUDWXUHGXULQJD'%$/2&$ZDVHYDOXDWHG 5HIHUHQFHV 7KHFRROLQJ | ||
PHWKRGVLQFOXGHGVXSSUHVVLRQSRROFRROLQJFRQWDLQPHQWVSUD | PHWKRGVLQFOXGHGVXSSUHVVLRQSRROFRROLQJFRQWDLQPHQWVSUD\FRROLQJDQGFRRODQW | ||
LQMHFWLRQFRROLQJ7KHFDOFXODWHGSHDNVXSSUHVVLRQSRROWHPSHUDWXUHVIRUHDFKFDVH | LQMHFWLRQFRROLQJ7KHFDOFXODWHGSHDNVXSSUHVVLRQSRROWHPSHUDWXUHVIRUHDFKFDVH | ||
DUHZLWKLQDIHZGHJUHHVDQGDUHEHORZWKHERXQGLQJGHVLJQYDOXHRI) | DUHZLWKLQDIHZGHJUHHVDQGDUHEHORZWKHERXQGLQJGHVLJQYDOXHRI) | ||
/LFHQVLQJ%DVLV8OWLPDWH+HDW6LQN/LPLW | /LFHQVLQJ%DVLV8OWLPDWH+HDW6LQN/LPLW | ||
7KHORQJWHUPFRQWDLQPHQWDQDO | 7KHORQJWHUPFRQWDLQPHQWDQDO\VLVZDVHYDOXDWHGLQ5HIHUHQFHVDQGDQG | ||
DFFHSWHGLQ5HIHUHQFH 7KLVHVWDEOLVKHGWKHOLFHQVLQJEDVLVYDOXHIRUVHUYLFH | DFFHSWHGLQ5HIHUHQFH 7KLVHVWDEOLVKHGWKHOLFHQVLQJEDVLVYDOXHIRUVHUYLFH | ||
ZDWHUWHPSHUDWXUH7KHGHVLJQEDVLVVHUYLFHZDWHUWHPSHUDWXUHIRUWKHORQJWHUP | ZDWHUWHPSHUDWXUH7KHGHVLJQEDVLVVHUYLFHZDWHUWHPSHUDWXUHIRUWKHORQJWHUP | ||
| Line 1,876: | Line 1,876: | ||
,PSDFWRI)XHO7 | ,PSDFWRI)XHO7\SHRQ&RQWDLQPHQW$QDO\VHV | ||
$VGLVFXVVHGLQ5HIHUHQFHIRUHYHQWVZLWKVFUDP LH/2&$ WKHRQO | $VGLVFXVVHGLQ5HIHUHQFHIRUHYHQWVZLWKVFUDP LH/2&$ WKHRQO\IXHO | ||
GHSHQGHQWFKDUDFWHULVWLFLPSRUWDQWWRWKHFRQWDLQPHQWUHVSRQVHLVGHFD | GHSHQGHQWFKDUDFWHULVWLFLPSRUWDQWWRWKHFRQWDLQPHQWUHVSRQVHLVGHFD\KHDW6LQFH | ||
WKH$75,80;0IXHOGHFD | WKH$75,80;0IXHOGHFD\KHDWLVYHU\VLPLODUWRWKDWRIWKH*(IXHOWKH | ||
DQDO | DQDO\VLVRIUHFRUGUHVXOWVIRUSUHYLRXVDQDO\VLV HJ(38DQGRU0(///$ UHPDLQ | ||
DSSOLFDEOHIRUWKHRSHUDWLRQRI$75,80;0IXHODW():FRQGLWLRQV | DSSOLFDEOHIRUWKHRSHUDWLRQRI$75,80;0IXHODW():FRQGLWLRQV | ||
)RUHYHQWVZLWKRXWVFUDP LH$7:6 WKHIXHOGHSHQGHQWFKDUDFWHULVWLFVLPSRUWDQWWR | )RUHYHQWVZLWKRXWVFUDP LH$7:6 WKHIXHOGHSHQGHQWFKDUDFWHULVWLFVLPSRUWDQWWR | ||
WKHFRQWDLQPHQWUHVSRQVHDUHYRLGFRHIILFLHQWDQGERURQZRUWK%DVHGRQD | WKHFRQWDLQPHQWUHVSRQVHDUHYRLGFRHIILFLHQWDQGERURQZRUWK%DVHGRQD | ||
FRPSDULVRQRIWKHVHIXHOFKDUDFWHULVWLFVEHWZHHQWKH$7,580;0DQG*(IXHO | FRPSDULVRQRIWKHVHIXHOFKDUDFWHULVWLFVEHWZHHQWKH$7,580;0DQG*(IXHO | ||
W | W\SHV 5HIHUHQFH WKHDQDO\VLVRIUHFRUGUHVXOWVIRUFRQWDLQPHQWUHVSRQVH | ||
ZLWKRXWDVFUDPIRU0(///$UHPDLQDSSOLFDEOHIRUWKHRSHUDWLRQRI$75,80;0 | ZLWKRXWDVFUDPIRU0(///$UHPDLQDSSOLFDEOHIRUWKHRSHUDWLRQRI$75,80;0 | ||
IXHODW():FRQGLWLRQV | IXHODW():FRQGLWLRQV | ||
| Line 1,891: | Line 1,891: | ||
&RQWDLQPHQW7HPSHUDWXUHDQG3UHVVXUHIRU(&&63XPS136+ | &RQWDLQPHQW7HPSHUDWXUHDQG3UHVVXUHIRU(&&63XPS136+ | ||
8QGHUFHUWDLQFRQGLWLRQVFRQWDLQPHQWSUHVVXUHLVUHTXLUHGWRDVVXUHDGHTXDWH136+ | 8QGHUFHUWDLQFRQGLWLRQVFRQWDLQPHQWSUHVVXUHLVUHTXLUHGWRDVVXUHDGHTXDWH136+ | ||
LVDYDLODEOHIRURSHUDWLRQRI5+5DQG&RUH6SUD | LVDYDLODEOHIRURSHUDWLRQRI5+5DQG&RUH6SUD\SXPSVIROORZLQJDORVVRIFRRODQW | ||
DFFLGHQW$OODFFLGHQWVDQGOLFHQVHEDVLVHYHQWVZHUHHYDOXDWHG7KRVHHYHQWV | DFFLGHQW$OODFFLGHQWVDQGOLFHQVHEDVLVHYHQWVZHUHHYDOXDWHG7KRVHHYHQWV | ||
UHTXLULQJVSHFLILFDQDO | UHTXLULQJVSHFLILFDQDO\VLVLQFOXGHG'%$/2&$6%$$SSHQGL[56%2DQG$7:6 | ||
5HIHUHQFHV DQG | 5HIHUHQFHV DQG | ||
$GHWDLOHGDVVHVVPHQWRIWKHXVHRIFRQWDLQPHQWDFFLGHQWSUHVVXUH &$3 LQUHODWLRQ | $GHWDLOHGDVVHVVPHQWRIWKHXVHRIFRQWDLQPHQWDFFLGHQWSUHVVXUH &$3 LQUHODWLRQ | ||
| Line 1,899: | Line 1,899: | ||
ZDVEDVHGRQFRPSDULVRQWRVHFWLRQVWKURXJKRI(QFORVXUHWR | ZDVEDVHGRQFRPSDULVRQWRVHFWLRQVWKURXJKRI(QFORVXUHWR | ||
6(&< 5HIHUHQFH 7KHHYDOXDWLRQFRQFOXGHVWKDWWKH01*3(&&6 | 6(&< 5HIHUHQFH 7KHHYDOXDWLRQFRQFOXGHVWKDWWKH01*3(&&6 | ||
SXPSVFDQUHOLDEO | SXPSVFDQUHOLDEO\SHUIRUPWKHLUUHTXLUHGGHVLJQIXQFWLRQVWRPLWLJDWHWKH | ||
FRQVHTXHQFHVRIDFFLGHQWVDQGHYHQWVIRUWKHUHTXLUHGPLVVLRQWLPHZKLOHXVLQJ | FRQVHTXHQFHVRIDFFLGHQWVDQGHYHQWVIRUWKHUHTXLUHGPLVVLRQWLPHZKLOHXVLQJ | ||
DSSURSULDWHXQFHUWDLQWLHVGHILQHGIRU136+UHIIIRU'%$/2&$DQG136+UIRUDOO | DSSURSULDWHXQFHUWDLQWLHVGHILQHGIRU136+UHIIIRU'%$/2&$DQG136+UIRUDOO | ||
RWKHUHYHQWVHYDOXDWHG7KH(&&6SXPSVPHHWWKHUHTXLUHPHQWVRI6(&< | RWKHUHYHQWVHYDOXDWHG7KH(&&6SXPSVPHHWWKHUHTXLUHPHQWVRI6(&< | ||
(QFORVXUH | (QFORVXUH | ||
)RUWKHORQJWHUPDQGVKRUWWHUP'%$/2&$HYDOXDWLRQVDQGXQFHUWDLQW | )RUWKHORQJWHUPDQGVKRUWWHUP'%$/2&$HYDOXDWLRQVDQGXQFHUWDLQW\ | ||
UHVSHFWLYHO | UHVSHFWLYHO\ZHUHDSSOLHGWRWKH136+UYDOXHVWRGHILQH136+UHIIIRUWKHHYDOXDWLRQ | ||
RISXPSFDSDELOLWLHVWRVXSSRUW(&&6DQDO | RISXPSFDSDELOLWLHVWRVXSSRUW(&&6DQDO\VLVDVVXPSWLRQV136+UIRUDSXPSLV | ||
GHILQHGDVWKHVXFWLRQKHDGDWZKLFKFDYLWDWLRQLPSDFWVWKHKHDGSHUIRUPDQFH | GHILQHGDVWKHVXFWLRQKHDGDWZKLFKFDYLWDWLRQLPSDFWVWKHKHDGSHUIRUPDQFH | ||
OHDGLQJWRDWKUHHSHUFHQWORVVLQKHDGDWDJLYHQIORZDQGSXPSVSHHG'XULQJDQ | OHDGLQJWRDWKUHHSHUFHQWORVVLQKHDGDWDJLYHQIORZDQGSXPSVSHHG'XULQJDQ | ||
136+UWHVWWKHSXPSLVUXQDWDFRQVWDQWIORZDQGVSHHGZLWKWKHVXFWLRQKHDG | 136+UWHVWWKHSXPSLVUXQDWDFRQVWDQWIORZDQGVSHHGZLWKWKHVXFWLRQKHDG | ||
UHGXFHGJUDGXDOO | UHGXFHGJUDGXDOO\WRWKHSRLQWZKHUHFDYLWDWLRQDQGDKHDGORVVDUHREVHUYHG | ||
7KHXQFHUWDLQWLHVLQ136+ULQFOXGHGLQWKHVWDII¶VJXLGDQFHDGGUHVVWKHSRVVLELOLW | 7KHXQFHUWDLQWLHVLQ136+ULQFOXGHGLQWKHVWDII¶VJXLGDQFHDGGUHVVWKHSRVVLELOLW\ | ||
WKDWFRQGLWLRQVGXULQJWKH136+UYHQGRUWHVWVFRXOGEHGLIIHUHQWWKDQWKRVHVHHQE | WKDWFRQGLWLRQVGXULQJWKH136+UYHQGRUWHVWVFRXOGEHGLIIHUHQWWKDQWKRVHVHHQE\ | ||
WKHSXPSVGXULQJRSHUDWLRQDWWKHSODQWHIIHFWLYHO | WKHSXPSVGXULQJRSHUDWLRQDWWKHSODQWHIIHFWLYHO\LQFUHDVLQJWKH136+UYDOXHV | ||
7KHGLIIHUHQFHVFRXOGDULVHGXHWRSXPSLQOHWWHPSHUDWXUHYDULDWLRQSXPSLQOHWSLSLQJ | 7KHGLIIHUHQFHVFRXOGDULVHGXHWRSXPSLQOHWWHPSHUDWXUHYDULDWLRQSXPSLQOHWSLSLQJ | ||
JHRPHWU | JHRPHWU\YDULDWLRQGLVVROYHGJDVHYROXWLRQYDULDWLRQLQSXPSVSHHGYHQGRUWHVW | ||
XQFHUWDLQW | XQFHUWDLQW\DQGLQFUHDVHVLQPHFKDQLFDOZHDUULQJFOHDUDQFH | ||
136+UHII XQFHUWDLQW | 136+UHII XQFHUWDLQW\ 136+U | ||
,QDGGLWLRQWRWKHDSSOLFDWLRQRIXQFHUWDLQWLHVRQWKHSXPS136+UHTXLUHGYDOXHV | ,QDGGLWLRQWRWKHDSSOLFDWLRQRIXQFHUWDLQWLHVRQWKHSXPS136+UHTXLUHGYDOXHV | ||
DVVXPLQJ(38FRQGLWLRQVFRQVHUYDWLYHDVVXPSWLRQVRISRVWDFFLGHQWFRQGLWLRQV | DVVXPLQJ(38FRQGLWLRQVFRQVHUYDWLYHDVVXPSWLRQVRISRVWDFFLGHQWFRQGLWLRQV | ||
| Line 1,936: | Line 1,936: | ||
$W01*3WKHOLPLWLQJ'HVLJQ%DVLV$FFLGHQW '%$ IRUFRQVLGHUDWLRQRIWKHLPSDFWRI | $W01*3WKHOLPLWLQJ'HVLJQ%DVLV$FFLGHQW '%$ IRUFRQVLGHUDWLRQRIWKHLPSDFWRI | ||
136+ULVWKHODUJHEUHDN/2&$ZLWKIDLOXUHRIWKH/3&,ORRSVHOHFWORJLF7KH | 136+ULVWKHODUJHEUHDN/2&$ZLWKIDLOXUHRIWKH/3&,ORRSVHOHFWORJLF7KH | ||
DQDO | DQDO\VLVLVGLYLGHGLQWRWZRSDUWV DVKRUWWHUPDQDO\VLVDQGDORQJWHUPDQDO\VLV | ||
5HVXOWVIURPWKHVHERXQGLQJDQDO | 5HVXOWVIURPWKHVHERXQGLQJDQDO\VHVDUHSUHVHQWHGLQ)LJXUHVRF VKRUWWHUP | ||
VHF DQG)LJXUHVRG ORQJWHUPVHF 7KHVKRUWWHUPDQDO | VHF DQG)LJXUHVRG ORQJWHUPVHF 7KHVKRUWWHUPDQDO\VLVFRYHUV | ||
WKDWSHULRGIURPWKHWLPHRIWKHEUHDNXQWLORSHUDWRUDFWLRQLVWDNHQWRWKURWWOHWKH | WKDWSHULRGIURPWKHWLPHRIWKHEUHDNXQWLORSHUDWRUDFWLRQLVWDNHQWRWKURWWOHWKH | ||
(&&6SXPSVDQGHVWDEOLVKFRQWDLQPHQWFRROLQJ7KLVSHULRGLVGHILQHGDVRFFXUULQJ | (&&6SXPSVDQGHVWDEOLVKFRQWDLQPHQWFRROLQJ7KLVSHULRGLVGHILQHGDVRFFXUULQJ | ||
DWRUEHIRUHVHFRQGV)RUFRQVHUYDWLVPGXULQJWKHVKRUWWHUPDQDO | DWRUEHIRUHVHFRQGV)RUFRQVHUYDWLVPGXULQJWKHVKRUWWHUPDQDO\VLV/3&, | ||
IORZLVDVVXPHGWREHLQMHFWHGLQWRWKHEURNHQORRSIRUWKLVHYHQW7KLVUHVXOWVLQWKH | IORZLVDVVXPHGWREHLQMHFWHGLQWRWKHEURNHQORRSIRUWKLVHYHQW7KLVUHVXOWVLQWKH | ||
PLQLPXPV | PLQLPXPV\VWHPUHVLVWDQFHIRU/3&,DQGWKHUHIRUHWKHPD[LPXPSXPSUXQRXWIORZ | ||
UDWHIRUWKHVHSXPSV7ZR&6SXPSVDUHDYDLODEOHWRTXHQFKIXHOWHPSHUDWXUHVDQG | UDWHIRUWKHVHSXPSV7ZR&6SXPSVDUHDYDLODEOHWRTXHQFKIXHOWHPSHUDWXUHVDQG | ||
UHIORRGWKHFRUHWRFRUHKHLJKW6LQFHDOOVL[(&&6SXPSVDUHDYDLODEOHIRUWKLV | UHIORRGWKHFRUHWRFRUHKHLJKW6LQFHDOOVL[(&&6SXPSVDUHDYDLODEOHIRUWKLV | ||
VFHQDULRWKHSXPSVXFWLRQSLSLQJV | VFHQDULRWKHSXPSVXFWLRQSLSLQJV\VWHPUHVLVWDQFHLVPD[LPL]HGZKLFKUHVXOWVLQ | ||
WKHPLQLPXP136+D136+LVDVVHVVHG 5HIHUHQFH IRUWKHVHFRQGLWLRQVDQG | WKHPLQLPXP136+D136+LVDVVHVVHG 5HIHUHQFH IRUWKHVHFRQGLWLRQVDQG | ||
WKHSRWHQWLDOLPSDFWRQSXPSUHOLDELOLW | WKHSRWHQWLDOLPSDFWRQSXPSUHOLDELOLW\KDVEHHQDVVHVVHG | ||
7KHUHLVDVKRUWSHULRGRIVHYHUDOPLQXWHVDIWHUWKHFRUHLVUHIORRGHGWRFRUHKHLJKW | 7KHUHLVDVKRUWSHULRGRIVHYHUDOPLQXWHVDIWHUWKHFRUHLVUHIORRGHGWRFRUHKHLJKW | ||
ZKHUH136+D 136+UHII7KLVFRQGLWLRQH[LVWVXQWLOWKH(&&6SXPSVDUH | ZKHUH136+D 136+UHII7KLVFRQGLWLRQH[LVWVXQWLOWKH(&&6SXPSVDUH | ||
WKURWWOHGWRVXSSRUWORQJWHUPVFHQDULRDVVXPSWLRQVLHDIWHUVHFRQGV7KH | WKURWWOHGWRVXSSRUWORQJWHUPVFHQDULRDVVXPSWLRQVLHDIWHUVHFRQGV7KH | ||
LPSDFWRIKDYLQJQHJDWLYHPDUJLQIRU136+KDVEHHQDVVHVVHG 5HIHUHQFH | LPSDFWRIKDYLQJQHJDWLYHPDUJLQIRU136+KDVEHHQDVVHVVHG 5HIHUHQFH | ||
LQFOXGLQJSXPSUHOLDELOLW | LQFOXGLQJSXPSUHOLDELOLW\DQGWKHFDSDELOLW\RIWKH(&&6WRSURYLGHIORZUDWHV | ||
UHTXLUHGWRVXSSRUWWKH(&&6DQDO | UHTXLUHGWRVXSSRUWWKH(&&6DQDO\VLVIRUGHPRQVWUDWLRQRIDGHTXDWHFRUHFRROLQJ | ||
:KHQRSHUDWRUDFWLRQLVWDNHQWRWKURWWOHWKHSXPSVWRUHGXFHSXPSIORZUDWH136+ | :KHQRSHUDWRUDFWLRQLVWDNHQWRWKURWWOHWKHSXPSVWRUHGXFHSXPSIORZUDWH136+ | ||
PDUJLQLVUHVWRUHG)RUWKH'%$/2&$LQGLFDWLRQRIOHYHOUHVWRUDWLRQLQWKHUHDFWRUWR | PDUJLQLVUHVWRUHG)RUWKH'%$/2&$LQGLFDWLRQRIOHYHOUHVWRUDWLRQLQWKHUHDFWRUWR | ||
FRUHKHLJKWLVH[SHFWHGSULRUWRVHFRQGV$WWKLVSRLQWLWLVDFFHSWDEOHWR | FRUHKHLJKWLVH[SHFWHGSULRUWRVHFRQGV$WWKLVSRLQWLWLVDFFHSWDEOHWR | ||
WKURWWOHWKH(&&6SXPSVWRHVWDEOLVKFRQGLWLRQVIRUORQJWHUPRSHUDWLRQ | WKURWWOHWKH(&&6SXPSVWRHVWDEOLVKFRQGLWLRQVIRUORQJWHUPRSHUDWLRQ | ||
)DLOXUHRIDQHPHUJHQF | )DLOXUHRIDQHPHUJHQF\GLHVHOJHQHUDWRURUEDWWHU\LQFRPELQDWLRQZLWKDORVVRI | ||
RIIVLWHSRZHUUHVXOWVLQWKHDYDLODELOLW | RIIVLWHSRZHUUHVXOWVLQWKHDYDLODELOLW\RIRQH&6SXPSWRPDLQWDLQFRUHFRROLQJRQH | ||
5+5SXPSWRFRROFRQWDLQPHQWDQGRQH5+56:SXPSWRUHPRYHGHFD | 5+5SXPSWRFRROFRQWDLQPHQWDQGRQH5+56:SXPSWRUHPRYHGHFD\KHDWIURP | ||
WKH5+5KHDWH[FKDQJHU7KLVFRQILJXUDWLRQGHILQHVWKHOLPLWLQJVHWRIHTXLSPHQWLQ | WKH5+5KHDWH[FKDQJHU7KLVFRQILJXUDWLRQGHILQHVWKHOLPLWLQJVHWRIHTXLSPHQWLQ | ||
VHUYLFHIRUWKHORQJWHUPDQDO | VHUYLFHIRUWKHORQJWHUPDQDO\VLVLHDIWHUVHFRQGV,QWKLVPRGHRIRSHUDWLRQ | ||
WKHRSHUDWRUVZLOOFRQWURO5+5SXPSIORZWKURXJKWKH5+5KHDWH[FKDQJHUDWD | WKHRSHUDWRUVZLOOFRQWURO5+5SXPSIORZWKURXJKWKH5+5KHDWH[FKDQJHUDWD | ||
QRPLQDOUDWHRIJSP2QH&6SXPSZLOOEHLQVHUYLFHIRUFRUHFRROLQJDWDIORZ | QRPLQDOUDWHRIJSP2QH&6SXPSZLOOEHLQVHUYLFHIRUFRUHFRROLQJDWDIORZ | ||
UDWHRIJSPGHOLYHUHGWRWKH&6VSDUJHUQR))OHVDQGRQH5+56:SXPSLV | UDWHRIJSPGHOLYHUHGWRWKH&6VSDUJHUQR))OHVDQGRQH5+56:SXPSLV | ||
RSHUDWLQJDWDQRPLQDOIORZUDWHRIJSP5+5LVFRQVHUYDWLYHO | RSHUDWLQJDWDQRPLQDOIORZUDWHRIJSP5+5LVFRQVHUYDWLYHO\DVVXPHGWREH | ||
RSHUDWLQJLQFRQWDLQPHQWVSUD | RSHUDWLQJLQFRQWDLQPHQWVSUD\PRGH&6IORZWRWKHUHDFWRUPXVWEHLQFUHDVHG | ||
DERYHJSPE | DERYHJSPE\WKHDPRXQWUHTXLUHGWRLQFOXGHOHDNDJHIRUWKH&6GHOLYHU\ | ||
V | V\VWHPLQVLGHWKHUHDFWRU 5HIHUHQFH )RUVPDOOHUEUHDNVL]HVWKHFRUHPD\EH | ||
UHIORRGHGWRDERYHWRSRIDFWLYHIXHO,QWKLVFDVHIORZGHOLYHUHGWRWKHUHDFWRUFDQEH | UHIORRGHGWRDERYHWRSRIDFWLYHIXHO,QWKLVFDVHIORZGHOLYHUHGWRWKHUHDFWRUFDQEH | ||
UHGXFHGZKLOHPDLQWDLQLQJWKHFRUHFRYHUHG | UHGXFHGZKLOHPDLQWDLQLQJWKHFRUHFRYHUHG | ||
| Line 1,987: | Line 1,987: | ||
7KHRWKHUOLFHQVHEDVLVHYHQWVHYDOXDWHG LH$7:66%2DQG$SSHQGL[5 XVHG | 7KHRWKHUOLFHQVHEDVLVHYHQWVHYDOXDWHG LH$7:66%2DQG$SSHQGL[5 XVHG | ||
136+UZLWKQRXQFHUWDLQWLHVDSSOLHGIRUWKHHYDOXDWLRQRISXPSFDSDELOLW | 136+UZLWKQRXQFHUWDLQWLHVDSSOLHGIRUWKHHYDOXDWLRQRISXPSFDSDELOLW\DQG | ||
UHOLDELOLW | UHOLDELOLW\7KHUHPDLQLQJDVSHFWVRIVHFWLRQVWKURXJKRI(QFORVXUHWR | ||
6(&<ZHUHFRQVLGHUHGIRUWKHVHHYHQWV 5HIHUHQFHV DQG | 6(&<ZHUHFRQVLGHUHGIRUWKHVHHYHQWV 5HIHUHQFHV DQG | ||
+ | +\GURJHQDQG2[\JHQ*HQHUDWLRQLQ&RQWDLQPHQW | ||
)ROORZLQJDORVVRIFRRODQWDFFLGHQW /2&$ K | )ROORZLQJDORVVRIFRRODQWDFFLGHQW /2&$ K\GURJHQJDVPD\EHJHQHUDWHGLQWKH | ||
UHDFWRUFRQWDLQPHQWDVDUHVXOWRI | UHDFWRUFRQWDLQPHQWDVDUHVXOWRI | ||
D | D | ||
0HWDOZDWHUUHDFWLRQEHWZHHQ=LUFDOR | 0HWDOZDWHUUHDFWLRQEHWZHHQ=LUFDOR\IXHOFODGGLQJDQGWKHUHDFWRUZDWHU | ||
FRRODQW | FRRODQW | ||
E | E | ||
5DGLRO | 5DGLRO\WLFGHFRPSRVLWLRQRIWKHFRRODQWVROXWLRQGXULQJWKHSRVWDFFLGHQW | ||
VLWXDWLRQZLWKR[ | VLWXDWLRQZLWKR[\JHQDOVREHLQJSURGXFHGLQVWRLFKLRPHWULFDPRXQWVDQG | ||
F | F | ||
&RUURVLRQRIPHWDOVE | &RUURVLRQRIPHWDOVE\VROXWLRQVXVHGIRUHPHUJHQF\FRROLQJRUFRQWDLQPHQW | ||
VSUD | VSUD\ | ||
0HWDO:DWHU5HDFWLRQ | 0HWDO:DWHU5HDFWLRQ | ||
,I=LUFDOR | ,I=LUFDOR\LQWKHUHDFWRUFRUHLVKHDWHGWRWHPSHUDWXUHVDERYHDSSUR[LPDWHO\) | ||
LQWKHSUHVHQFHRIVWHDPDFKHPLFDOUHDFWLRQRFFXUVLQZKLFK]LUFRQLXPR[LGHDQG | LQWKHSUHVHQFHRIVWHDPDFKHPLFDOUHDFWLRQRFFXUVLQZKLFK]LUFRQLXPR[LGHDQG | ||
K | K\GURJHQDUHIRUPHG7KLVLVDFFRPSDQLHGZLWKDQHQHUJ\UHOHDVHRIDSSUR[LPDWHO\ | ||
%WXOERI]LUFRQLXPUHDFWHG7KHHQHUJ | %WXOERI]LUFRQLXPUHDFWHG7KHHQHUJ\SURGXFHGLVDFFRPPRGDWHGLQWKH | ||
VXSSUHVVLRQFKDPEHUSRRO7KHPHWDOZDWHUUHDFWLRQLVH[SOLFLWO | VXSSUHVVLRQFKDPEHUSRRO7KHPHWDOZDWHUUHDFWLRQLVH[SOLFLWO\DFFRXQWHGIRULQ | ||
WKHFRQWDLQPHQWDQDO | WKHFRQWDLQPHQWDQDO\VHV 5HIHUHQFH | ||
&RGHRI)HGHUDO5HJXODWLRQV6HFWLRQUHTXLUHVDOOERLOLQJZDWHUUHDFWRU %:5 | &RGHRI)HGHUDO5HJXODWLRQV6HFWLRQUHTXLUHVDOOERLOLQJZDWHUUHDFWRU %:5 | ||
0DUN,DQG0DUN,,W | 0DUN,DQG0DUN,,W\SHFRQWDLQPHQWVWREHLQHUWHG%\PDLQWDLQLQJDQ | ||
R[ | R[\JHQGHILFLHQWDWPRVSKHUHFRPEXVWLEOHJDVFRPEXVWLRQWKDWFRXOGWKUHDWHQ | ||
FRQWDLQPHQWLQWHJULW | FRQWDLQPHQWLQWHJULW\LVSUHYHQWHG 5HIHUHQFH | ||
5DGLRO | 5DGLRO\VLV | ||
$IWHUWKHLQLWLDOPHWDOZDWHUUHDFWLRQKDVRFFXUUHGK | $IWHUWKHLQLWLDOPHWDOZDWHUUHDFWLRQKDVRFFXUUHGK\GURJHQFRQWLQXHVWREHIRUPHG | ||
DORQJZLWKVWRLFKLRPHWULFDPRXQWVRIR[ | DORQJZLWKVWRLFKLRPHWULFDPRXQWVRIR[\JHQEHFDXVHRIUDGLRO\VLVRIWKHFRRODQW | ||
VROXWLRQV | VROXWLRQV | ||
7KHUHYLVHG&)5QRORQJHUGHILQHVDGHVLJQEDVLV/2&$K | 7KHUHYLVHG&)5QRORQJHUGHILQHVDGHVLJQEDVLV/2&$K\GURJHQUHOHDVH | ||
DQGHOLPLQDWHVUHTXLUHPHQWVIRUK | DQGHOLPLQDWHVUHTXLUHPHQWVIRUK\GURJHQFRQWUROV\VWHPVWRPLWLJDWHVXFKD | ||
UHOHDVH 5HIHUHQFH | UHOHDVH 5HIHUHQFH | ||
&RUURVLRQ5HDFWLRQV | &RUURVLRQ5HDFWLRQV | ||
+ | +\GURJHQJHQHUDWLRQGXHWRDOXPLQXPFRUURVLRQZRXOGEHWKHFKLHIFRUURVLRQ | ||
UHDFWLRQH[SHFWHG7KHDOXPLQXPFRUURVLRQUDWHLVRQO | UHDFWLRQH[SHFWHG7KHDOXPLQXPFRUURVLRQUDWHLVRQO\VLJQLILFDQWZKHQDONDOLQH | ||
VROXWLRQVDUHXVHGIRUUHDFWRUFRROLQJ*HQHUDOO | VROXWLRQVDUHXVHGIRUUHDFWRUFRROLQJ*HQHUDOO\WKHUHDFWLRQUDWHVDUHVPDOODQGWKH | ||
]LUFRQLXPZDWHUUHDFWLRQLVSUHGRPLQDQW | ]LUFRQLXPZDWHUUHDFWLRQLVSUHGRPLQDQW | ||
| Line 2,040: | Line 2,040: | ||
0LVFHOODQHRXV&RQWDLQPHQW3HUIRUPDQFH$QDO | 0LVFHOODQHRXV&RQWDLQPHQW3HUIRUPDQFH$QDO\VHV | ||
6HLVPLF$QDO | 6HLVPLF$QDO\VLVIRU3ULPDU\&RQWDLQPHQW | ||
-RKQ$%OXPHDQG$VVRFLDWHVRI6DQ)UDQFLVFR&DOLIRUQLDKDYHPDGHDVHLVPLF | -RKQ$%OXPHDQG$VVRFLDWHVRI6DQ)UDQFLVFR&DOLIRUQLDKDYHPDGHDVHLVPLF | ||
VWXG | VWXG\RIWKHGU\ZHOODQGWKHSUHVVXUHVXSSUHVVLRQFKDPEHU7KHDQDO\VHVZHUH | ||
EDVHGRQWKHVHLVPLFFULWHULDGHILQHGLQ6HFWLRQ7KHUHVXOWVRIWKHVHDQDO | EDVHGRQWKHVHLVPLFFULWHULDGHILQHGLQ6HFWLRQ7KHUHVXOWVRIWKHVHDQDO\VHV | ||
DUHVXPPDUL]HGLQ$SSHQGL[$7KHWRUXVULQJKHDGHUZDVWKHVXEMHFWRIDVLPLODU | DUHVXPPDUL]HGLQ$SSHQGL[$7KHWRUXVULQJKHDGHUZDVWKHVXEMHFWRIDVLPLODU | ||
VWXG | VWXG\E\-$6H[WRQDQG$VVRFLDWHV | ||
7KHGU | 7KHGU\ZHOOZDVGHVLJQHGRQWKHEDVLVRIWKHDFFHOHUDWLRQDQGGDPSLQJIDFWRUV | ||
UHFRPPHQGHGE | UHFRPPHQGHGE\%OXPHDQG$VVRFLDWHV$PDWKHPDWLFDODQDO\VLVZDVPDGH | ||
LGHDOL]LQJWKHGU | LGHDOL]LQJWKHGU\ZHOOVWUXFWXUHDVDOXPSHGPDVVV\VWHPVXSSRUWHGE\HODVWLF | ||
FROXPQV WKHUHDFWRUEXLOGLQJ DWIL[HGORFDWLRQV&XUYHVRIDFFHOHUDWLRQVKHDUIRUFH | FROXPQV WKHUHDFWRUEXLOGLQJ DWIL[HGORFDWLRQV&XUYHVRIDFFHOHUDWLRQVKHDUIRUFH | ||
PRPHQWDQGGLVSODFHPHQWZHUHSORWWHGIRUYDULRXVHOHYDWLRQVRIWKHVWUXFWXUH7KH | PRPHQWDQGGLVSODFHPHQWZHUHSORWWHGIRUYDULRXVHOHYDWLRQVRIWKHVWUXFWXUH7KH | ||
PRVWVHYHUH16DQG(:DFFHOHUDWLRQVZHUHFRPELQHGZLWKDUHFRPPHQGHGJ | PRVWVHYHUH16DQG(:DFFHOHUDWLRQVZHUHFRPELQHGZLWKDUHFRPPHQGHGJ | ||
YHUWLFDODFFHOHUDWLRQWRDQDO | YHUWLFDODFFHOHUDWLRQWRDQDO\]HWKHVWUXFWXUH$GDPSLQJIDFWRURIZDVXVHGIRU | ||
WKHGU | WKHGU\ZHOOGHVLJQ | ||
8VLQJWKLVLQIRUPDWLRQWKHGU | 8VLQJWKLVLQIRUPDWLRQWKHGU\ZHOOSUHVVXUHVXSSUHVVLRQFKDPEHUDQGWRUXVULQJ | ||
KHDGHUKDYHEHHQDQDO | KHDGHUKDYHEHHQDQDO\]HGWRGHWHUPLQHWKHDGHTXDF\WRUHVLVWWKHVWUHVVHV | ||
LQGXFHGE | LQGXFHGE\DQHDUWKTXDNHFRLQFLGHQWZLWKDEUHDNLQWKHPDLQVWHDPRUUHFLUFXODWLRQ | ||
SLSHOLQHV7KHVXSSUHVVLRQFKDPEHUYHQWV | SLSHOLQHV7KHVXSSUHVVLRQFKDPEHUYHQWV\VWHPWRUXVDWWDFKHGSLSLQJDQG | ||
VXFWLRQKHDGHUZHUHDOVRDQDO | VXFWLRQKHDGHUZHUHDOVRDQDO\]HGIRUORDGFRPELQDWLRQVLQFOXGLQJVHLVPLFDQG | ||
K | K\GURG\QDPLFORDGVUHVXOWLQJIURP/2&$UHODWHGDQGVDIHW\UHOLHIYDOYHGLVFKDUJH | ||
HYHQWV7KHVHDQDO | HYHQWV7KHVHDQDO\VHVZHUHUHSRUWHGLQWKH0RQWLFHOOR0DUN,&RQWDLQPHQW/RQJ | ||
7HUP3URJUDP3ODQW8QLTXH$QDO | 7HUP3URJUDP3ODQW8QLTXH$QDO\VHV 5HIHUHQFHVDQG | ||
'U | 'U\ZHOO([SDQVLRQ*DS'HVLJQ$OORZDQFH | ||
7KHVWHHOGU | 7KHVWHHOGU\ZHOOVKHOOLVODUJHO\HQFORVHGZLWKLQWKHVWUXFWXUDODQGVKLHOGLQJFRQFUHWH | ||
RIWKHUHDFWRUEXLOGLQJ7KHUPDOH[SDQVLRQDVDUHVXOWRIDQRUPDOUHDFWRURSHUDWLRQ | RIWKHUHDFWRUEXLOGLQJ7KHUPDOH[SDQVLRQDVDUHVXOWRIDQRUPDOUHDFWRURSHUDWLRQ | ||
RUSRVWXODWHGDFFLGHQWVFDXVHVWKHVWHHOVKHOOWRH[SDQGERWKUDGLDOO | RUSRVWXODWHGDFFLGHQWVFDXVHVWKHVWHHOVKHOOWRH[SDQGERWKUDGLDOO\DQG | ||
WDQJHQWLDOO | WDQJHQWLDOO\7RDFFRPPRGDWHWKLVH[SDQVLRQDQDLUVSDFHZDVSURYLGHGEHWZHHQ | ||
WKHFRQFUHWHDQGWKHGU | WKHFRQFUHWHDQGWKHGU\ZHOOVKHOO | ||
)URPRWKHUFRQVLGHUDWLRQVVXFKDVPLVVLOHVDQGSRVVLEOHORFDOKLJKSUHVVXUHMHWV | )URPRWKHUFRQVLGHUDWLRQVVXFKDVPLVVLOHVDQGSRVVLEOHORFDOKLJKSUHVVXUHMHWV | ||
IURPSRVWXODWHGEUHDNVLQWKHVWHDPOLQHLWLVGHVLUDEOHWKDWWKHFRQFUHWHVWUXFWXUHEH | IURPSRVWXODWHGEUHDNVLQWKHVWHDPOLQHLWLVGHVLUDEOHWKDWWKHFRQFUHWHVWUXFWXUHEH | ||
DVFORVHWRWKHGU | DVFORVHWRWKHGU\ZHOOVKHOODVSRVVLEOHWRSUHYHQWUXSWXUHRIWKHVWHHOVKHOOIURPMHW | ||
RUPLVVLOHLPSLQJHPHQW | RUPLVVLOHLPSLQJHPHQW | ||
7KHPD[LPXPH[SDQVLRQFRQVLGHULQJWKHH[SDQVLRQGXHWRSUHVVXUHDQGWKH | 7KHPD[LPXPH[SDQVLRQFRQVLGHULQJWKHH[SDQVLRQGXHWRSUHVVXUHDQGWKH | ||
H[SDQVLRQGXHWRWHPSHUDWXUHRFFXUVDWWKHWUDQVLWLRQEHWZHHQWKHVSKHULFDOORZHU | H[SDQVLRQGXHWRWHPSHUDWXUHRFFXUVDWWKHWUDQVLWLRQEHWZHHQWKHVSKHULFDOORZHU | ||
SRUWLRQDQGWKHF | SRUWLRQDQGWKHF\OLQGULFDOXSSHUSRUWLRQRIWKHGU\ZHOO7KLVH[SDQVLRQLV | ||
DSSUR[LPDWHO | DSSUR[LPDWHO\LQZKLFKLVOHVVWKDQWKHLQJDSSURYLGHG)XUWKHUDVKHOO | ||
GHIOHFWLRQRILQLVZHOOXQGHUWKHQHDUO | GHIOHFWLRQRILQLVZHOOXQGHUWKHQHDUO\LQWRWDOGHIOHFWLRQQHFHVVDU\WRUXSWXUH | ||
WKHVWHHOVKHOODFFRUGLQJWRWKHWHVWV 5HIHUHQFH | WKHVWHHOVKHOODFFRUGLQJWRWKHWHVWV 5HIHUHQFH | ||
,QWKHFRQVWUXFWLRQPHWKRGXVHGDW0RQWLFHOORWRDFKLHYHWKHJDSLQWKLFNVKHHWV | ,QWKHFRQVWUXFWLRQPHWKRGXVHGDW0RQWLFHOORWRDFKLHYHWKHJDSLQWKLFNVKHHWV | ||
RI(WKDIRDPVOLJKWO | RI(WKDIRDPVOLJKWO\FRPSUHVVLEOHPDWHULDOZHUHVSUD\HGZLWKVLOLFRQHOXEULFDQWDQG | ||
DWWDFKHGWRWKHGU | DWWDFKHGWRWKHGU\ZHOOWRSURYLGHDUHPRYDEOHIRUP&RQFUHWHZDVSRXUHGLQIWOLIWV | ||
DJDLQVWWKH(WKDIRDP$IWHUWKHFRQFUHWHZDVVHWWKH(WKDIRDPZDVSXOOHGRXW | DJDLQVWWKH(WKDIRDP$IWHUWKHFRQFUHWHZDVVHWWKH(WKDIRDPZDVSXOOHGRXW | ||
(DFKOLIWZDVLQVSHFWHGWRHQVXUHWKDWDLQJDSKDGEHHQDFKLHYHG$IWHUWKLV | (DFKOLIWZDVLQVSHFWHGWRHQVXUHWKDWDLQJDSKDGEHHQDFKLHYHG$IWHUWKLV | ||
| Line 2,095: | Line 2,095: | ||
LQVSHFWLRQDVWULSRISRURXVSRO | LQVSHFWLRQDVWULSRISRURXVSRO\XUHWKDQHIRDPZDVLQVHUWHGWRSUHYHQWREMHFWVEHLQJ | ||
GURSSHGLQWRWKHDLUJDS7KLVPHWKRGSURYLGHVSRVLWLYHDVVXUDQFHWKDWWKHJDSLV | GURSSHGLQWRWKHDLUJDS7KLVPHWKRGSURYLGHVSRVLWLYHDVVXUDQFHWKDWWKHJDSLV | ||
DFKLHYHGDQGWKDWQRIRUHLJQREMHFWVKDYHEHHQLQDGYHUWHQWO | DFKLHYHGDQGWKDWQRIRUHLJQREMHFWVKDYHEHHQLQDGYHUWHQWO\OHIWWKHUHLQ6LQFHWKH | ||
SRO | SRO\XUHWKDQHVWULSLVYHU\VRIWLWVFRPSUHVVLRQGRHVQRWLQGXFHDQ\XQGXHVWUHVVHV | ||
RQWKHFRQWDLQPHQWYHVVHOVKHOO'UDLQDJHRIWKLVVSDFHLVSHUPLWWHGE | RQWKHFRQWDLQPHQWYHVVHOVKHOO'UDLQDJHRIWKLVVSDFHLVSHUPLWWHGE\GUDLQV | ||
LQVWDOOHGDERYHWKHVDQGSRFNHWVDWHOHYDWLRQ IWLQDGGLWLRQWRGUDLQDJHWKDW | LQVWDOOHGDERYHWKHVDQGSRFNHWVDWHOHYDWLRQ IWLQDGGLWLRQWRGUDLQDJHWKDW | ||
RFFXUVWKURXJKWKHVKLHOGSHQHWUDWLRQV7KLVPDWHULDOLVVRSRURXVWKDWGUDLQDJHLV | RFFXUVWKURXJKWKHVKLHOGSHQHWUDWLRQV7KLVPDWHULDOLVVRSRURXVWKDWGUDLQDJHLV | ||
QRWLQKLELWHGDQGYHQWLODWLRQLVQRWSUHYHQWHG | QRWLQKLELWHGDQGYHQWLODWLRQLVQRWSUHYHQWHG | ||
'U | 'U\ZHOO0LVVLOH3URWHFWLRQ | ||
0LVVLOHSURWHFWLRQLVJLYHQVSHFLDOFRQVLGHUDWLRQXQGHUDVVXPHGDFFLGHQWFRQGLWLRQV | 0LVVLOHSURWHFWLRQLVJLYHQVSHFLDOFRQVLGHUDWLRQXQGHUDVVXPHGDFFLGHQWFRQGLWLRQV | ||
7KHIROORZLQJVXPPDUL]HVWKHSHUWLQHQWGHVLJQFRQVLGHUDWLRQ | 7KHIROORZLQJVXPPDUL]HVWKHSHUWLQHQWGHVLJQFRQVLGHUDWLRQ | ||
7KHGULYLQJIRUFHIRUSRWHQWLDOPLVVLOHVZLWKLQWKHFRQWDLQPHQWLVDVVXPHGWRFRPH | 7KHGULYLQJIRUFHIRUSRWHQWLDOPLVVLOHVZLWKLQWKHFRQWDLQPHQWLVDVVXPHGWRFRPH | ||
IURPWKHHQHUJ | IURPWKHHQHUJ\ZLWKLQWKHZRUNLQJIOXLG,QWKHFDVHRIDEUHDNLQDSLSHFDUU\LQJ | ||
OLTXLGWKHPD[LPXPOLTXLGYHORFLW | OLTXLGWKHPD[LPXPOLTXLGYHORFLW\DWWDLQDEOHDWWKHEUHDNLVIWVHFEHFDXVHRI | ||
FKRNLQJ6LPLODUO | FKRNLQJ6LPLODUO\WKHYHORFLW\RIIOXLGIURPDVWHDPOLQHEUHDNLVOLPLWHGWRWKHFULWLFDO | ||
YHORFLW | YHORFLW\RIIWVHFDWWKHEUHDN7KHGUDJIRUFHRIWKHIOXLGZKLFKSURSHOVDQ\ | ||
SRWHQWLDOPLVVLOHLVSURSRUWLRQDOWRWKHSURGXFWRIWKHGHQVLW | SRWHQWLDOPLVVLOHLVSURSRUWLRQDOWRWKHSURGXFWRIWKHGHQVLW\DQGWKHYHORFLW\ | ||
VTXDUHG(YHQWKRXJKWKHYHORFLW | VTXDUHG(YHQWKRXJKWKHYHORFLW\RIWKHVWHDPH[FHHGVWKDWRIWKHZDWHUWKHHYHQ | ||
ODUJHUUDWLRRIZDWHUGHQVLW | ODUJHUUDWLRRIZDWHUGHQVLW\WRVWHDPGHQVLW\DWFRQWDLQPHQWDPELHQWFRQGLWLRQV | ||
PHDQVWKDWSURMHFWLOHVRULJLQDWLQJIURPDZDWHUOLQHKDYHDJUHDWHUGUDJIRUFHDSSOLHG | PHDQVWKDWSURMHFWLOHVRULJLQDWLQJIURPDZDWHUOLQHKDYHDJUHDWHUGUDJIRUFHDSSOLHG | ||
DQGWKHUHIRUHDFKLHYHDODUJHUNLQHWLFHQHUJ | DQGWKHUHIRUHDFKLHYHDODUJHUNLQHWLFHQHUJ\ | ||
&RQVLGHUDWLRQZDVJLYHQWRWKHSRVVLELOLW | &RQVLGHUDWLRQZDVJLYHQWRWKHSRVVLELOLW\RIKDYLQJPLVVLOHVLQWKHIROORZLQJIRUPV | ||
D | D | ||
9DOYHERQQHWV ODUJHDQGVPDOO | 9DOYHERQQHWV ODUJHDQGVPDOO | ||
| Line 2,133: | Line 2,133: | ||
3LHFHVRISLSH | 3LHFHVRISLSH | ||
0LVVLOHVRULJLQDWLQJIURPVWHDPOLQHVZHUHQHJOHFWHGDVEHLQJLQVLJQLILFDQWUHODWLYHWR | 0LVVLOHVRULJLQDWLQJIURPVWHDPOLQHVZHUHQHJOHFWHGDVEHLQJLQVLJQLILFDQWUHODWLYHWR | ||
PLVVLOHVRULJLQDWLQJIURPOLTXLGOLQHV$OOVPDOOPLVVLOHVSURSHOOHGE | PLVVLOHVRULJLQDWLQJIURPOLTXLGOLQHV$OOVPDOOPLVVLOHVSURSHOOHGE\OLTXLGZHUH | ||
DVVXPHGWRDFKLHYHDQGPDLQWDLQXQWLOLPSDFWWKHPD[LPXPOLTXLGYHORFLW | DVVXPHGWRDFKLHYHDQGPDLQWDLQXQWLOLPSDFWWKHPD[LPXPOLTXLGYHORFLW\RI | ||
IWVHF7KLVLVFRQVHUYDWLYHEHFDXVHDPLVVLOHDIWHUEHLQJGLVORGJHGUHTXLUHVD | IWVHF7KLVLVFRQVHUYDWLYHEHFDXVHDPLVVLOHDIWHUEHLQJGLVORGJHGUHTXLUHVD | ||
ILQLWHWLPHIRUDFFHOHUDWLRQEHIRUHLWFDQDSSURDFKDYHORFLW | ILQLWHWLPHIRUDFFHOHUDWLRQEHIRUHLWFDQDSSURDFKDYHORFLW\RIIWVHF,QDGGLWLRQ | ||
IRUPLVVLOHVGLUHFWHGLQDKRUL]RQWDOGLUHFWLRQWKHUHLVDWHQGHQF | IRUPLVVLOHVGLUHFWHGLQDKRUL]RQWDOGLUHFWLRQWKHUHLVDWHQGHQF\IRUWKHPLVVLOH | ||
ZKLFKLVWUDYHOLQJVORZHUWKDQWKHGULYLQJMHWWRIDOORXWRIWKHMHWDVLWLVDFWHGXSRQE | ZKLFKLVWUDYHOLQJVORZHUWKDQWKHGULYLQJMHWWRIDOORXWRIWKHMHWDVLWLVDFWHGXSRQE\ | ||
JUDYLW | JUDYLW\7KHUHIRUHWKHGULYLQJIRUFHDFWVIRUDVKRUWHUWLPHDQGWKHPLVVLOHDFKLHYHV | ||
DORZHUPD[LPXPYHORFLW | DORZHUPD[LPXPYHORFLW\ | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 2,152: | Line 2,152: | ||
8VLQJWKHDERYHFRQVHUYDWLYHGHVLJQFULWHULDLWZDVIRXQGWKDWQRVPDOOPLVVLOHV HJ | 8VLQJWKHDERYHFRQVHUYDWLYHGHVLJQFULWHULDLWZDVIRXQGWKDWQRVPDOOPLVVLOHV HJ | ||
WKHUPRZHOOVVPDOOYDOYHFRPSRQHQWVHWF RULJLQDWLQJIURPWKHOLTXLGOLQHVZRXOG | WKHUPRZHOOVVPDOOYDOYHFRPSRQHQWVHWF RULJLQDWLQJIURPWKHOLTXLGOLQHVZRXOG | ||
DFKLHYHVXIILFLHQWHQHUJ | DFKLHYHVXIILFLHQWHQHUJ\WRSHQHWUDWHWKHGU\ZHOOQRUZDVWKHUHVXIILFLHQWVWUDLQ | ||
HQHUJ | HQHUJ\LQWKHSUHVVXUHYHVVHOKHDGEROWVWRFDXVHSHQHWUDWLRQ | ||
7KHPHWKRGRIFDOFXODWLRQXVHGWRGHWHUPLQHWKHHQHUJ | 7KHPHWKRGRIFDOFXODWLRQXVHGWRGHWHUPLQHWKHHQHUJ\UHTXLUHGWRSHQHWUDWHWKH | ||
FRQWDLQPHQWVKHOOLVEDVHGRQH[WHQVLYHWHVWVFRQGXFWHGE | FRQWDLQPHQWVKHOOLVEDVHGRQH[WHQVLYHWHVWVFRQGXFWHGE\WKH6WDQIRUG5HVHDUFK | ||
,QVWLWXWH'XULQJWKHVHWHVWVURGVKDSHGPLVVLOHVZHUHLPSDFWHGDJDLQVWVTXDUHVWHHO | ,QVWLWXWH'XULQJWKHVHWHVWVURGVKDSHGPLVVLOHVZHUHLPSDFWHGDJDLQVWVTXDUHVWHHO | ||
SODWHVKDYLQJFODPSHGHGJHV7KHUHVXOWVRIWKHWHVWVKDYHEHHQGHVFULEHGE | SODWHVKDYLQJFODPSHGHGJHV7KHUHVXOWVRIWKHWHVWVKDYHEHHQGHVFULEHGE\WKH | ||
IROORZLQJH[SUHVVLRQIRUPLQLPXPHQHUJ | IROORZLQJH[SUHVVLRQIRUPLQLPXPHQHUJ\SHUXQLWGLDPHWHURIPLVVLOHUHTXLUHGIRU | ||
SHUIRUDWLRQRIDVWHHOSODWH | SHUIRUDWLRQRIDVWHHOSODWH | ||
( 8 77 | ( 8 77 | ||
' | ' | ||
ZKHUH | ZKHUH | ||
( &ULWLFDONLQHWLFHQHUJ | ( &ULWLFDONLQHWLFHQHUJ\UHTXLUHGIRUSHQHWUDWLRQIWOEV | ||
' 'LDPHWHURIPLVVLOHLQ | ' 'LDPHWHURIPLVVLOHLQ | ||
8 8OWLPDWHWHQVLOHVWUHQJWKSVL | 8 8OWLPDWHWHQVLOHVWUHQJWKSVL | ||
7 3ODWHWKLFNQHVVLQ | 7 3ODWHWKLFNQHVVLQ | ||
7KLVHTXDWLRQKDVEHHQSORWWHGIRUWKHYDULRXVWKLFNQHVVRIWKHGU | 7KLVHTXDWLRQKDVEHHQSORWWHGIRUWKHYDULRXVWKLFNQHVVRIWKHGU\ZHOOVKHOODQGLV | ||
VKRZQLQ)LJXUH | VKRZQLQ)LJXUH | ||
7KHPRVWVHULRXVSRWHQWLDOPLVVLOHDSSHDUHGWREHDGLVORGJHGYDOYHERQQHW | 7KHPRVWVHULRXVSRWHQWLDOPLVVLOHDSSHDUHGWREHDGLVORGJHGYDOYHERQQHW | ||
RULJLQDWLQJIURPDUHFLUFXODWLRQORRSYDOYH,WZDVDVVXPHGWKDWWKHIDFHRIWKH | RULJLQDWLQJIURPDUHFLUFXODWLRQORRSYDOYH,WZDVDVVXPHGWKDWWKHIDFHRIWKH | ||
ERQQHW LQGLDPHWHU ZDVDFWHGXSRQE | ERQQHW LQGLDPHWHU ZDVDFWHGXSRQE\WKHZDWHUMHWDQGWKDWWKHPDVVLYH | ||
OEV ERQQHWVWHPDVVHPEO | OEV ERQQHWVWHPDVVHPEO\LPSDFWHGZLWKWKHFRQWDLQPHQWZLWKWKHVWHP | ||
LQGLDPHWHU PDNLQJLQLWLDOFRQWDFW7KLVLVDFRQVHUYDWLYHO | LQGLDPHWHU PDNLQJLQLWLDOFRQWDFW7KLVLVDFRQVHUYDWLYHO\FKRVHQHYHQW | ||
EHFDXVHLWUHTXLUHVWKDWDOOEROWVKROGLQJWKHERQQHWVHYHUFRPSOHWHO | EHFDXVHLWUHTXLUHVWKDWDOOEROWVKROGLQJWKHERQQHWVHYHUFRPSOHWHO\WKDWWKHERQQHW | ||
DQGVWHPPRYHDVDPDVVLYHXQLWDQGWKDWWKHVWHPHQG VPDOOHVWLPSDFWDUHD VWULNH | DQGVWHPPRYHDVDPDVVLYHXQLWDQGWKDWWKHVWHPHQG VPDOOHVWLPSDFWDUHD VWULNH | ||
WKHFRQWDLQPHQWILUVW | WKHFRQWDLQPHQWILUVW | ||
7KHYDOYHERQQHWLVVRKHDY | 7KHYDOYHERQQHWLVVRKHDY\LWZRXOGDFKLHYHDNLQHWLFHQHUJ\RIIWOEVLI | ||
LWZHUHWUDYHOLQJDWIWVHF7KHUHIRUHDPRUHUHILQHGFDOFXODWLRQZDVQHFHVVDU | LWZHUHWUDYHOLQJDWIWVHF7KHUHIRUHDPRUHUHILQHGFDOFXODWLRQZDVQHFHVVDU\ | ||
WRVKRZWKDWDYHORFLW | WRVKRZWKDWDYHORFLW\RIIWVHFLVQRWDFWXDOO\DWWDLQHG7KLVFDOFXODWLRQIRXQG | ||
WKDWWKHERQQHWZRXOGKDYHWRDFFHOHUDWHDGLVWDQFHRIDERXWIWDQGUHDFKD | WKDWWKHERQQHWZRXOGKDYHWRDFFHOHUDWHDGLVWDQFHRIDERXWIWDQGUHDFKD | ||
YHORFLW | YHORFLW\VOLJKWO\LQH[FHVVRIISVLQRUGHUWRDFTXLUHWKHHQHUJ\ IWOEV | ||
QHFHVVDU | QHFHVVDU\IRUWKHLQGLDPHWHUERQQHWWRSHQHWUDWHWKHLQFRQWDLQPHQW | ||
,WZDVGHWHUPLQHGIURPWKHDUUDQJHPHQWRIFRPSRQHQWVZLWKLQWKHGU | ,WZDVGHWHUPLQHGIURPWKHDUUDQJHPHQWRIFRPSRQHQWVZLWKLQWKHGU\ZHOOWKDWHYHQ | ||
WKRXJKWKHUHFLUFXODWLRQYDOYHVDUHRULHQWHGVXFKWKDWDGLVORGJHGYDOYHERQQHWFRXOG | WKRXJKWKHUHFLUFXODWLRQYDOYHVDUHRULHQWHGVXFKWKDWDGLVORGJHGYDOYHERQQHWFRXOG | ||
VWULNHWKHFRQWDLQPHQWGLUHFWO | VWULNHWKHFRQWDLQPHQWGLUHFWO\WKHUHLVHLWKHULQVXIILFLHQWGLVWDQFHDYDLODEOHEHWZHHQ | ||
WKHVWHPDQGGU | WKHVWHPDQGGU\ZHOOWRDFKLHYHWKHHQHUJ\QHFHVVDU\WRSHQHWUDWHRUWKHERQQHWLV | ||
GHIOHFWHGE | GHIOHFWHGE\REVWUXFWLRQVKDQJHUVRUXQHYHQIDLOXUHRIWKHEROWLQJ | ||
,WKDVEHHQVKRZQLQH[SHULPHQWVFRQGXFWHGE | ,WKDVEHHQVKRZQLQH[SHULPHQWVFRQGXFWHGE\&% , 5HIHUHQFH WKDWODUJHORDGV | ||
DFWLQJRYHUDQDUHDRIVTIWRQDSODWHLQWKLFNZRXOGQRWFDXVHFUDFNLQJWR | DFWLQJRYHUDQDUHDRIVTIWRQDSODWHLQWKLFNZRXOGQRWFDXVHFUDFNLQJWR | ||
GHYHORSLQWKHSODWHVXQWLODGHIOHFWLRQJUHDWHUWKDQLQKDGRFFXUUHG6LQFHWKH | GHYHORSLQWKHSODWHVXQWLODGHIOHFWLRQJUHDWHUWKDQLQKDGRFFXUUHG6LQFHWKH | ||
GU | GU\ZHOOVKHOOLVUHLQIRUFHGE\FRQFUHWHORFDWHGQRPLQDOO\LQDZD\LWDSSHDUV | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 2,203: | Line 2,203: | ||
LPSUREDEOHWKDWREMHFWVKDYLQJDODUJHLPSDFWDUHDDUHDEOHWRSHQHWUDWHWKHVWHHO | LPSUREDEOHWKDWREMHFWVKDYLQJDODUJHLPSDFWDUHDDUHDEOHWRSHQHWUDWHWKHVWHHO | ||
ZLWKRXWDOVRSHQHWUDWLQJWKHFRQFUHWH$VVWDWHGDERYHVPDOOPLVVLOHVGRQRW | ZLWKRXWDOVRSHQHWUDWLQJWKHFRQFUHWH$VVWDWHGDERYHVPDOOPLVVLOHVGRQRW | ||
DFKLHYHDKLJKHQRXJKYHORFLW | DFKLHYHDKLJKHQRXJKYHORFLW\WRDWWDLQDQHQHUJ\OHYHOVXIILFLHQWWRSHQHWUDWHVRXQG | ||
FRQWDLQPHQWVKHOOPDWHULDO7KHUHIRUHLWLVFRQFOXGHGWKDWPLVVLOHSHQHWUDWLRQRIWKH | FRQWDLQPHQWVKHOOPDWHULDO7KHUHIRUHLWLVFRQFOXGHGWKDWPLVVLOHSHQHWUDWLRQRIWKH | ||
FRQWDLQPHQWLVDKLJKO | FRQWDLQPHQWLVDKLJKO\LPSUREDEOHHYHQW | ||
:KHUHSRVVLEOHFRQVLGHUDWLRQKDVEHHQJLYHQWRDFKLHYLQJPLVVLOHSURWHFWLRQ | :KHUHSRVVLEOHFRQVLGHUDWLRQKDVEHHQJLYHQWRDFKLHYLQJPLVVLOHSURWHFWLRQ | ||
WKURXJKEDVLFSODQWFRPSRQHQWDUUDQJHPHQWVXFKWKDWLIIDLOXUHVKRXOGRFFXUWKH | WKURXJKEDVLFSODQWFRPSRQHQWDUUDQJHPHQWVXFKWKDWLIIDLOXUHVKRXOGRFFXUWKH | ||
GLUHFWLRQRIIOLJKWRIWKHPLVVLOHLVDZD | GLUHFWLRQRIIOLJKWRIWKHPLVVLOHLVDZD\IURPWKHFRQWDLQPHQWYHVVHO,QDGGLWLRQWRWKH | ||
FDUHZLWKZKLFKHTXLSPHQWLVRULHQWHGZLWKUHJDUGWRPLVVLOHVVSHFLDOFDUHKDVEHHQ | FDUHZLWKZKLFKHTXLSPHQWLVRULHQWHGZLWKUHJDUGWRPLVVLOHVVSHFLDOFDUHKDVEHHQ | ||
WDNHQLQFRPSRQHQWDUUDQJHPHQWVWRVHHWKDWHTXLSPHQWDVVRFLDWHGZLWKHQJLQHHUHG | WDNHQLQFRPSRQHQWDUUDQJHPHQWVWRVHHWKDWHTXLSPHQWDVVRFLDWHGZLWKHQJLQHHUHG | ||
VDIHW | VDIHW\V\VWHPVVXFKDVWKHFRUHVSUD\DQGWKHFRQWDLQPHQWVSUD\ZHUHVHJUHJDWHG | ||
LQVXFKDPDQQHUWKDWWKHIDLOXUHRIRQHZRXOGQRWFDXVHWKHIDLOXUHRIWKHRWKHU7KH | LQVXFKDPDQQHUWKDWWKHIDLOXUHRIRQHZRXOGQRWFDXVHWKHIDLOXUHRIWKHRWKHU7KH | ||
IDLOXUHRIDQ | IDLOXUHRIDQ\FRPSRQHQWZKLFKZRXOGEULQJDERXWWKHQHHGIRUWKHVHHQJLQHHUHG | ||
VDIHJXDUGVV | VDIHJXDUGVV\VWHPVGRHVQRWUHQGHUWKHV\VWHPLQRSHUDEOH$GGLWLRQDOO\WKHFRQWURO | ||
URGGULYHPHFKDQLVPVDUHORFDWHGLQDFRQFUHWHYDXOWWKDWSURYLGHVSURWHFWLRQIURP | URGGULYHPHFKDQLVPVDUHORFDWHGLQDFRQFUHWHYDXOWWKDWSURYLGHVSURWHFWLRQIURP | ||
SRWHQWLDOPLVVLOHV7KHVXSSUHVVLRQFKDPEHUKDVQRVRXUFHRILQWHUQDORUH[WHUQDO | SRWHQWLDOPLVVLOHV7KHVXSSUHVVLRQFKDPEHUKDVQRVRXUFHRILQWHUQDORUH[WHUQDO | ||
PLVVLOHJHQHUDWLRQDQGWKHYHQWSLSHVFRQQHFWLQJLWWRWKHGU | PLVVLOHJHQHUDWLRQDQGWKHYHQWSLSHVFRQQHFWLQJLWWRWKHGU\ZHOODUHSURWHFWHGE\ | ||
WKHMHWGHIOHFWRUV7KHYHQWGLVFKDUJHKHDGHUVDQGSLSLQJZHUHGHVLJQHGWR | WKHMHWGHIOHFWRUV7KHYHQWGLVFKDUJHKHDGHUVDQGSLSLQJZHUHGHVLJQHGWR | ||
ZLWKVWDQGWKHMHWUHDFWLRQIRUFHFDXVHGE | ZLWKVWDQGWKHMHWUHDFWLRQIRUFHFDXVHGE\IORZGLVFKDUJHLQWRWKHVXSSUHVVLRQSRRO | ||
7KHSULPDU | 7KHSULPDU\FRQWDLQPHQWYHVVHOLVFRPSOHWHO\HQFORVHGLQDUHLQIRUFHGFRQFUHWH | ||
VWUXFWXUHKDYLQJDWKLFNQHVVRIWRIW7KLVFRQFUHWHVWUXFWXUHLQDGGLWLRQWR | VWUXFWXUHKDYLQJDWKLFNQHVVRIWRIW7KLVFRQFUHWHVWUXFWXUHLQDGGLWLRQWR | ||
VHUYLQJDVWKHEDVLFELRORJLFDOVKLHOGLQJIRUWKHUHDFWRUV | VHUYLQJDVWKHEDVLFELRORJLFDOVKLHOGLQJIRUWKHUHDFWRUV\VWHPDOVRSURYLGHVDPDMRU | ||
PHFKDQLFDOEDUULHUIRUWKHSURWHFWLRQRIWKHFRQWDLQPHQWYHVVHODQGWKHUHDFWRU | PHFKDQLFDOEDUULHUIRUWKHSURWHFWLRQRIWKHFRQWDLQPHQWYHVVHODQGWKHUHDFWRU | ||
V | V\VWHPDJDLQVWSRWHQWLDOPLVVLOHVJHQHUDWHGH[WHUQDOWRWKHSULPDU\FRQWDLQPHQW | ||
7KHVSDFHEHWZHHQWKHFRQWDLQPHQWYHVVHODQGWKHFRQFUHWHLVFRQWUROOHGVRWKDW | 7KHVSDFHEHWZHHQWKHFRQWDLQPHQWYHVVHODQGWKHFRQFUHWHLVFRQWUROOHGVRWKDW | ||
DUHDVZKLFKDUHEDFNHGXSE | DUHDVZKLFKDUHEDFNHGXSE\FRQFUHWHZLWKVWDQGWKHMHWIRUFHVZKLFKPD\RFFXU | ||
XSRQIDLOXUHRIDQ | XSRQIDLOXUHRIDQ\V\VWHPSLSLQJ:KHUHFRQFUHWHLVQRWDYDLODEOHVXFKDVDWWKH | ||
YHQWRSHQLQJVEDUULHUVZHUHSODFHGIRUMHWSURWHFWLRQ | YHQWRSHQLQJVEDUULHUVZHUHSODFHGIRUMHWSURWHFWLRQ | ||
$OOODUJHSLSHVZKLFKSHQHWUDWHWKHFRQWDLQPHQWZHUHGHVLJQHGVRWKDWWKH | $OOODUJHSLSHVZKLFKSHQHWUDWHWKHFRQWDLQPHQWZHUHGHVLJQHGVRWKDWWKH\KDYH | ||
DQFKRUVRUOLPLWVWRSVORFDWHGRXWVLGHWKHFRQWDLQPHQWWROLPLWWKHPRYHPHQWRIWKH | DQFKRUVRUOLPLWVWRSVORFDWHGRXWVLGHWKHFRQWDLQPHQWWROLPLWWKHPRYHPHQWRIWKH | ||
SLSH7KHVHVWRSVZHUHGHVLJQHGWRZLWKVWDQGWKHMHWIRUFHVDVVRFLDWHGZLWKWKH | SLSH7KHVHVWRSVZHUHGHVLJQHGWRZLWKVWDQGWKHMHWIRUFHVDVVRFLDWHGZLWKWKH | ||
FOHDQEUHDNRIWKHSLSHDQGWKXVPDLQWDLQWKHLQWHJULW | FOHDQEUHDNRIWKHSLSHDQGWKXVPDLQWDLQWKHLQWHJULW\RIWKHFRQWDLQPHQW-HWIRUFHV | ||
ZKLFKPD | ZKLFKPD\DFWRQWKHFRQWDLQPHQWZHUHWDNHQDVHTXDOWRUHDFWRUSUHVVXUHDFWLQJ | ||
GLUHFWO | GLUHFWO\RQWKHFRQWDLQPHQWRYHUDQDUHDHTXDOWRWKHFURVVVHFWLRQDODUHDRIWKH | ||
ODUJHVWORFDOSLSHRUQR))OH7KHUHFLUFXODWLRQOLQHVZLWKLQWKHSULPDU | ODUJHVWORFDOSLSHRUQR))OH7KHUHFLUFXODWLRQOLQHVZLWKLQWKHSULPDU\FRQWDLQPHQW | ||
KDYHEHHQSURYLGHGZLWKDV | KDYHEHHQSURYLGHGZLWKDV\VWHPRISLSHVXSSRUWVGHVLJQHGWROLPLWH[FHVVLYH | ||
PRWLRQDVVRFLDWHGZLWKDSLSHVSOLWRUFLUFXPIHUHQWLDOEUHDN | PRWLRQDVVRFLDWHGZLWKDSLSHVSOLWRUFLUFXPIHUHQWLDOEUHDN | ||
0DUN,&RQWDLQPHQW3URJUDP | 0DUN,&RQWDLQPHQW3URJUDP | ||
)RUWKH0DUN,FRQWDLQPHQWGHVLJQWKHSUHVVXUHDQGWHPSHUDWXUHORDGVDVVRFLDWHG | )RUWKH0DUN,FRQWDLQPHQWGHVLJQWKHSUHVVXUHDQGWHPSHUDWXUHORDGVDVVRFLDWHG | ||
ZLWKD/2&$ZHUHEDVHGRQH[SHULPHQWDOWHFKQRORJ | ZLWKD/2&$ZHUHEDVHGRQH[SHULPHQWDOWHFKQRORJ\REWDLQHGIURPWHVWLQJRIWKH | ||
%RGHJD%D | %RGHJD%D\DQG+XPEROGW%D\3RZHU3ODQWSUHVVXUHVXSSUHVVLRQFRQFHSWV7KH | ||
WHVWVZHUHSHUIRUPHGWRGHPRQVWUDWHWKHYLDELOLW | WHVWVZHUHSHUIRUPHGWRGHPRQVWUDWHWKHYLDELOLW\RIWKHSUHVVXUHVXSSUHVVLRQ | ||
FRQFHSWIRUUHDFWRUFRQWDLQPHQWGHVLJQE | FRQFHSWIRUUHDFWRUFRQWDLQPHQWGHVLJQE\VLPXODWLQJWKH/2&$ZLWKYDULRXV | ||
HTXLYDOHQWSLSLQJEUHDNVL]HVXSWRWZLFHWKHFURVVVHFWLRQDOEUHDNDUHDRIWKHODUJHVW | HTXLYDOHQWSLSLQJEUHDNVL]HVXSWRWZLFHWKHFURVVVHFWLRQDOEUHDNDUHDRIWKHODUJHVW | ||
UHDFWRUV | UHDFWRUV\VWHPSLSH7KHWHVWGDWDSURYLGHGTXDQWLWDWLYHLQIRUPDWLRQIRUHVWDEOLVKLQJ | ||
FRQWDLQPHQWGHVLJQSUHVVXUHV | FRQWDLQPHQWGHVLJQSUHVVXUHV | ||
| Line 2,259: | Line 2,259: | ||
,QSHUIRUPLQJODUJHVFDOHWHVWLQJRIDQDGYDQFHGGHVLJQSUHVVXUHVXSSUHVVLRQ | ,QSHUIRUPLQJODUJHVFDOHWHVWLQJRIDQDGYDQFHGGHVLJQSUHVVXUHVXSSUHVVLRQ | ||
FRQWDLQPHQW 0DUN,,, DQGGXULQJLQSODQWWHVWLQJRI0DUN,FRQWDLQPHQWV | FRQWDLQPHQW 0DUN,,, DQGGXULQJLQSODQWWHVWLQJRI0DUN,FRQWDLQPHQWV | ||
VXSSUHVVLRQSRROK | VXSSUHVVLRQSRROK\GURG\QDPLFORDGVQRWH[SOLFLWO\LQFOXGHGLQWKHRULJLQDO0DUN, | ||
FRQWDLQPHQWGHVLJQEDVLVZHUHLGHQWLILHG7KHVHDGGLWLRQDOORDGVFRXOGUHVXOWIURP | FRQWDLQPHQWGHVLJQEDVLVZHUHLGHQWLILHG7KHVHDGGLWLRQDOORDGVFRXOGUHVXOWIURP | ||
G | G\QDPLFHIIHFWVRIGU\ZHOODLUDQGVWHDPEHLQJUDSLGO\IRUFHGLQWRWKHVXSSUHVVLRQ | ||
SRROGXULQJDSRVWXODWHG/2&$DQGIURPVXSSUHVVLRQSRROUHVSRQVHWR659 | SRROGXULQJDSRVWXODWHG/2&$DQGIURPVXSSUHVVLRQSRROUHVSRQVHWR659 | ||
RSHUDWLRQJHQHUDOO | RSHUDWLRQJHQHUDOO\DVVRFLDWHGZLWKSODQWWUDQVLHQWRSHUDWLQJFRQGLWLRQV6LQFHWKHVH | ||
K | K\GURG\QDPLFORDGVZHUHQRWH[SOLFLWO\FRQVLGHUHGLQWKHRULJLQDOGHVLJQRIWKH0DUN | ||
,FRQWDLQPHQWWKH15&VWDIILQHDUO | ,FRQWDLQPHQWWKH15&VWDIILQHDUO\ UHTXHVWHGDGHWDLOHGUHHYDOXDWLRQRIWKH | ||
FRQWDLQPHQWV | FRQWDLQPHQWV\VWHPIURPHDFKGRPHVWLFXWLOLW\ZLWKD0DUN,FRQWDLQPHQW | ||
5HFRJQL]LQJWKHMRLQWQHHGWRUHVSRQGWRWKH15&UHTXHVWVIRUDGGLWLRQDOLQIRUPDWLRQ | 5HFRJQL]LQJWKHMRLQWQHHGWRUHVSRQGWRWKH15&UHTXHVWVIRUDGGLWLRQDOLQIRUPDWLRQ | ||
DQGWKHHVVHQWLDOVLPLODULW | DQGWKHHVVHQWLDOVLPLODULW\RIDOOWKH0DUN,SODQWVWKHGRPHVWLF0DUN,XWLOLWLHV | ||
IRUPHGDQ2ZQHUV*URXSRQ$SULO 7KH2ZQHUV*URXSSURYLGHGDVWURQJ | IRUPHGDQ2ZQHUV*URXSRQ$SULO 7KH2ZQHUV*URXSSURYLGHGDVWURQJ | ||
XQLILHGDQGFRQVLVWHQWDSSURDFKWRUHVROXWLRQRIWKHRSHQLVVXHVWKURXJKWKHSRROLQJ | XQLILHGDQGFRQVLVWHQWDSSURDFKWRUHVROXWLRQRIWKHRSHQLVVXHVWKURXJKWKHSRROLQJ | ||
RILQGLYLGXDOUHVRXUFHV7KH0DUN,2ZQHUV*URXSUHWDLQHGWKH*HQHUDO(OHFWULF | RILQGLYLGXDOUHVRXUFHV7KH0DUN,2ZQHUV*URXSUHWDLQHGWKH*HQHUDO(OHFWULF | ||
&RPSDQ | &RPSDQ\WRGHYHORSDQGPDQDJHDSURJUDPZKLFKZRXOGDGGUHVVDQGUHVROYHWKH | ||
VWDWHGFRQFHUQV | VWDWHGFRQFHUQV | ||
$WZRSKDVHSURJUDPZDVHVWDEOLVKHG LWZDVGHVFULEHGWRWKH15&LQOHWWHUV | $WZRSKDVHSURJUDPZDVHVWDEOLVKHG LWZDVGHVFULEHGWRWKH15&LQOHWWHUV | ||
VXEPLWWHGGXULQJWKHZHHNRI0D | VXEPLWWHGGXULQJWKHZHHNRI0D\ 7KH3KDVH,HIIRUWFDOOHGWKH6KRUW7HUP | ||
3URJUDP 673 SURYLGHGDUDSLGFRQILUPDWLRQRIWKHDGHTXDF | 3URJUDP 673 SURYLGHGDUDSLGFRQILUPDWLRQRIWKHDGHTXDF\RIWKHFRQWDLQPHQWWR | ||
PDLQWDLQLWVLQWHJULW | PDLQWDLQLWVLQWHJULW\XQGHUWKHPRVWSUREDEOHFRXUVHRIWKHSRVWXODWHG/2&$ | ||
FRQVLGHULQJWKHODWHVWDYDLODEOHLQIRUPDWLRQRQWKHLPSRUWDQWVXSSUHVVLRQSRRO | FRQVLGHULQJWKHODWHVWDYDLODEOHLQIRUPDWLRQRQWKHLPSRUWDQWVXSSUHVVLRQSRRO | ||
G | G\QDPLFORDGV7KHILUVWSKDVHGHPRQVWUDWHGWKHDFFHSWDELOLW\RIFRQWLQXHG | ||
RSHUDWLRQGXULQJWKHSHUIRUPDQFHRI3KDVH,,FDOOHGWKH/RQJ7HUP3URJUDP /73 | RSHUDWLRQGXULQJWKHSHUIRUPDQFHRI3KDVH,,FDOOHGWKH/RQJ7HUP3URJUDP /73 | ||
7KH/73LQFOXGHGGHWDLOHGWHVWLQJDQGDQDO | 7KH/73LQFOXGHGGHWDLOHGWHVWLQJDQGDQDO\WLFDOZRUNWRGHILQHSUHFLVHO\WKHVSHFLILF | ||
K | K\GURG\QDPLFORDGVIRUZKLFKHDFKFRQWDLQPHQWZRXOGEHDVVHVVHGWRHVWDEOLVK | ||
FRQIRUPDQFHWRWKHRULJLQDOLQWHQGHGGHVLJQVDIHW | FRQIRUPDQFHWRWKHRULJLQDOLQWHQGHGGHVLJQVDIHW\PDUJLQV | ||
7KH673ZDVFRPSOHWHGLQODWH IROORZLQJWKHGRFNHWHGVXEPLWWDOE | 7KH673ZDVFRPSOHWHGLQODWH IROORZLQJWKHGRFNHWHGVXEPLWWDOE\HDFKXWLOLW\ | ||
RIWKHGRFXPHQWDWLRQOLVWHGLQ5HIHUHQFHVWKURXJK5HYLHZRIWKLV | RIWKHGRFXPHQWDWLRQOLVWHGLQ5HIHUHQFHVWKURXJK5HYLHZRIWKLV | ||
GRFXPHQWDWLRQE | GRFXPHQWDWLRQE\WKH15&VXEVHTXHQWO\UHVXOWHGLQWKHLVVXDQFHRIWKH0DUN, | ||
&RQWDLQPHQW6KRUW7HUP3URJUDP6DIHW | &RQWDLQPHQW6KRUW7HUP3URJUDP6DIHW\(YDOXDWLRQ5HSRUWLQ'HFHPEHU | ||
5HIHUHQFH 7KLVUHSRUWFRQFOXGHGWKDWOLFHQVHGGRPHVWLF%:50DUN,IDFLOLWLHV | 5HIHUHQFH 7KLVUHSRUWFRQFOXGHGWKDWOLFHQVHGGRPHVWLF%:50DUN,IDFLOLWLHV | ||
FRXOGFRQWLQXHWRRSHUDWHVDIHO | FRXOGFRQWLQXHWRRSHUDWHVDIHO\ZLWKRXWXQGXHULVNWRWKHKHDOWKDQGVDIHW\RIWKH | ||
SXEOLFGXULQJDQLQWHULPSHULRGZKLOHWKH/RQJ7HUP3URJUDPZDVFRQGXFWHG | SXEOLFGXULQJDQLQWHULPSHULRGZKLOHWKH/RQJ7HUP3URJUDPZDVFRQGXFWHG | ||
,Q-XQH DFWLYLWLHVUHOHYDQWWRWKH/RQJ7HUP3URJUDPFRPPHQFHG$GHWDLOHG | ,Q-XQH DFWLYLWLHVUHOHYDQWWRWKH/RQJ7HUP3URJUDPFRPPHQFHG$GHWDLOHG | ||
GHVFULSWLRQRIWKH/RQJ7HUP3URJUDPDQGSODQVIRULWVLPSOHPHQWDWLRQDUHDYDLODEOH | GHVFULSWLRQRIWKH/RQJ7HUP3URJUDPDQGSODQVIRULWVLPSOHPHQWDWLRQDUHDYDLODEOH | ||
LQ5HIHUHQFHV DQG([WHQVLYHH[SHULPHQWDODQGDQDO | LQ5HIHUHQFHV DQG([WHQVLYHH[SHULPHQWDODQGDQDO\WLFDOSURJUDPV | ||
SHUIRUPHGE | SHUIRUPHGE\WKHPHPEHUVRIWKH0DUN,RZQHUVJURXS\LHOGHGQHZLQVLJKWVUHODWLYH | ||
WRORDGGHILQLWLRQDQGVWUXFWXUDODVVHVVPHQWWHFKQLTXHVDVVHWIRUWKLQ5HIHUHQFHV | WRORDGGHILQLWLRQDQGVWUXFWXUDODVVHVVPHQWWHFKQLTXHVDVVHWIRUWKLQ5HIHUHQFHV | ||
DQG7KHPHWKRGRORJ | DQG7KHPHWKRGRORJ\XWLOL]HGDVUHYLHZHGDQGDFFHSWHGE\WKH15&SURYLGHVD | ||
FRQVHUYDWLYHDQGXQLIRUPEDVLVIRUWKHHYDOXDWLRQRIFRQWDLQPHQWVWUXFWXUHVDQG | FRQVHUYDWLYHDQGXQLIRUPEDVLVIRUWKHHYDOXDWLRQRIFRQWDLQPHQWVWUXFWXUHVDQG | ||
WRUXVDWWDFKHGSLSLQJWRHQVXUHWKHPDUJLQRIVDIHW | WRUXVDWWDFKHGSLSLQJWRHQVXUHWKHPDUJLQRIVDIHW\DVSHUWKHRULJLQDOFRQWDLQPHQW | ||
GHVLJQ6HH5HIHUHQFHIRUWKH15&¶VDFFHSWDQFHFULWHULDXWLOL]HGLQWKH | GHVLJQ6HH5HIHUHQFHIRUWKH15&¶VDFFHSWDQFHFULWHULDXWLOL]HGLQWKH | ||
IRUPXODWLRQRIWKHPHWKRGRORJ | IRUPXODWLRQRIWKHPHWKRGRORJ\HPSOR\HGE\WKHSURJUDP'RFXPHQWVFRQFHUQLQJ | ||
WKHH[SHULPHQWDODQGDQDO | WKHH[SHULPHQWDODQGDQDO\WLFDOSURJUDPVXQGHUWDNHQIRUWKH/RQJ7HUP3URJUDP | ||
DUHSUHVHQWHGDV5HIHUHQFHVWKURXJK7KH0RQWLFHOOR/RQJ7HUP3URJUDP | DUHSUHVHQWHGDV5HIHUHQFHVWKURXJK7KH0RQWLFHOOR/RQJ7HUP3URJUDP | ||
3ODQW8QLTXH$QDO | 3ODQW8QLTXH$QDO\VLV5HSRUWV 5HIHUHQFHVDQG GRFXPHQWVWKHHIIRUWV | ||
XQGHUWDNHQWRDGGUHVVDQGUHVROYHHDFKRIWKHDSSOLFDEOH5HIHUHQFH | XQGHUWDNHQWRDGGUHVVDQGUHVROYHHDFKRIWKHDSSOLFDEOH5HIHUHQFH | ||
UHTXLUHPHQWV7KH0RQWLFHOOR/RQJ7HUP3URJUDP3ODQW8QLTXH$QDO | UHTXLUHPHQWV7KH0RQWLFHOOR/RQJ7HUP3URJUDP3ODQW8QLTXH$QDO\VLV5HSRUWV | ||
ZHUHUHYLHZHGE | ZHUHUHYLHZHGE\WKH15&6WDIIDQGIRXQGWRYHULI\WKDWWKHFRQWDLQPHQW | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 2,316: | Line 2,316: | ||
PRGLILFDWLRQVPDGHKDYHUHVWRUHGWKHRULJLQDOGHVLJQVDIHW | PRGLILFDWLRQVPDGHKDYHUHVWRUHGWKHRULJLQDOGHVLJQVDIHW\PDUJLQWRWKH0DUN, | ||
FRQWDLQPHQWDWWKH0RQWLFHOOR3ODQW 5HIHUHQFH | FRQWDLQPHQWDWWKH0RQWLFHOOR3ODQW 5HIHUHQFH | ||
7KH0RQWLFHOOR0DUN,/RQJ7HUP3URJUDPSHUIRUPHGXQFRXSOHGG | 7KH0RQWLFHOOR0DUN,/RQJ7HUP3URJUDPSHUIRUPHGXQFRXSOHGG\QDPLFDQDO\VHV | ||
RIWKHVXSSUHVVLRQFKDPEHUDQGVXSSUHVVLRQFKDPEHUDWWDFKHGSLSLQJV | RIWKHVXSSUHVVLRQFKDPEHUDQGVXSSUHVVLRQFKDPEHUDWWDFKHGSLSLQJV\VWHPV | ||
$QRWKHUDFFHSWDEOHDSSURDFKLVWRSHUIRUPDG | $QRWKHUDFFHSWDEOHDSSURDFKLVWRSHUIRUPDG\QDPLFDQDO\VLVLQZKLFKWKH | ||
VXSSUHVVLRQFKDPEHUDQGDVVRFLDWHGSLSLQJDUHFRPELQHGLQDVLQJOHFRXSOHGPRGHO | VXSSUHVVLRQFKDPEHUDQGDVVRFLDWHGSLSLQJDUHFRPELQHGLQDVLQJOHFRXSOHGPRGHO | ||
5HIHUHQFHVDQG | 5HIHUHQFHVDQG | ||
,Q0D | ,Q0D\ DQXPEHURIFRQFHUQVUHJDUGLQJWKHDGHTXDF\RIWKH*HQHUDO(OHFWULF | ||
*( 0DUN,,,FRQWDLQPHQWGHVLJQZHUHUDLVHGE | *( 0DUN,,,FRQWDLQPHQWGHVLJQZHUHUDLVHGE\DIRUPHU*(HPSOR\HH-0 | ||
+XPSKUH | +XPSKUH\$OWKRXJKWKHVHFRQFHUQVZHUHVSHFLILFDOO\UDLVHGIRUWKH0DUN,,, | ||
&RQWDLQPHQWWKH1XFOHDU5HJXODWRU | &RQWDLQPHQWWKH1XFOHDU5HJXODWRU\&RPPLVVLRQ 15& IHOWWKDWVRPHRIWKHLVVXHV | ||
PD | PD\DSSO\WRWKH0DUN,&RQWDLQPHQWGHVLJQ,Q-XO\ WKH15&UHTXHVWHGWKH | ||
0DUN,2ZQHUV*URXSWRDGGUHVVWKRVHFRQFHUQVZKLFKWKH | 0DUN,2ZQHUV*URXSWRDGGUHVVWKRVHFRQFHUQVZKLFKWKH\KDGLGHQWLILHGDVEHLQJ | ||
SRWHQWLDOO | SRWHQWLDOO\DSSOLFDEOHWRWKH0DUN,&RQWDLQPHQW$JHQHULFUHVSRQVHZDVSUHSDUHG | ||
DQGWUDQVPLWWHGE | DQGWUDQVPLWWHGE\WKH0DUN,2ZQHUV*URXSLQ5HIHUHQFHV DQG | ||
,QGHSHQGHQWO | ,QGHSHQGHQWO\DUHYLHZZDVSHUIRUPHGRIWKHDSSOLFDELOLW\RIWKHJHQHULFUHVSRQVHV | ||
WR0RQWLFHOORDQGLVGRFXPHQWHGLQ5HIHUHQFH 7KHFRQFOXVLRQVRIERWKWKH | WR0RQWLFHOORDQGLVGRFXPHQWHGLQ5HIHUHQFH 7KHFRQFOXVLRQVRIERWKWKH | ||
JHQHULFUHVSRQVHVDQGUHYLHZIRUDSSOLFDELOLW | JHQHULFUHVSRQVHVDQGUHYLHZIRUDSSOLFDELOLW\ZHUHWKDWWKH³+XPSKUH\&RQWDLQPHQW | ||
&RQFHUQV'ZHUHHLWKHUQRWDSSOLFDEOHRUZHUHEHLQJDGHTXDWHO | &RQFHUQV'ZHUHHLWKHUQRWDSSOLFDEOHRUZHUHEHLQJDGHTXDWHO\DGGUHVVHGXQGHUWKH | ||
0DUN,&RQWDLQPHQW3URJUDP | 0DUN,&RQWDLQPHQW3URJUDP | ||
7KH0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQWWDNHVDGYDQWDJHRIWKHODUJHWKHUPDO | 7KH0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQWWDNHVDGYDQWDJHRIWKHODUJHWKHUPDO | ||
FDSDFLWDQFHRIWKHVXSSUHVVLRQSRROGXULQJSODQWWUDQVLHQWVUHTXLULQJVDIHW | FDSDFLWDQFHRIWKHVXSSUHVVLRQSRROGXULQJSODQWWUDQVLHQWVUHTXLULQJVDIHW\UHOLHI | ||
YDOYH 659 DFWXDWLRQ6WHDPLVGLVFKDUJHGIURPWKHPDLQVWHDPOLQHVWKURXJKWKH | YDOYH 659 DFWXDWLRQ6WHDPLVGLVFKDUJHGIURPWKHPDLQVWHDPOLQHVWKURXJKWKH | ||
659VDQGWKHLUDFFRPSDQ | 659VDQGWKHLUDFFRPSDQ\LQJGLVFKDUJHOLQHVLQWRWKHVXSSUHVVLRQSRROZKHUHLWLV | ||
FRQGHQVHGUHVXOWLQJLQDQLQFUHDVHLQWKHWHPSHUDWXUHRIWKHVXSSUHVVLRQSRRO | FRQGHQVHGUHVXOWLQJLQDQLQFUHDVHLQWKHWHPSHUDWXUHRIWKHVXSSUHVVLRQSRRO | ||
ZDWHU6WDEOHVWHDPFRQGHQVDWLRQLVH[SHFWHGDWDOOSRROWHPSHUDWXUHV | ZDWHU6WDEOHVWHDPFRQGHQVDWLRQLVH[SHFWHGDWDOOSRROWHPSHUDWXUHV | ||
5HIHUHQFHVDQG ,IDQH[WHQGHGVWHDPGLVFKDUJHWRWKHVXSSUHVVLRQSRRO | 5HIHUHQFHVDQG ,IDQH[WHQGHGVWHDPGLVFKDUJHWRWKHVXSSUHVVLRQSRRO | ||
XQGHUVWDJQDQWDQGVDWXUDWHGFRQGLWLRQVZHUHWRRFFXULWFRXOGFUHDWHWKHSRWHQWLDO | XQGHUVWDJQDQWDQGVDWXUDWHGFRQGLWLRQVZHUHWRRFFXULWFRXOGFUHDWHWKHSRWHQWLDO | ||
IRUDVWHDPSOXPHRUVWHDPEXEEOHVEHLQJLQJHVWHGE | IRUDVWHDPSOXPHRUVWHDPEXEEOHVEHLQJLQJHVWHGE\WKH(&&6SXPSVWUDLQHU | ||
LQOHWV(YDOXDWLRQRIWKLVFRQFHUQGHWHUPLQHGWKDWLWLVQRWDQLVVXHIRUWKH0RQWLFHOOR | LQOHWV(YDOXDWLRQRIWKLVFRQFHUQGHWHUPLQHGWKDWLWLVQRWDQLVVXHIRUWKH0RQWLFHOOR | ||
1XFOHDU*HQHUDWLQJ3ODQW 5HIHUHQFHVDQG | 1XFOHDU*HQHUDWLQJ3ODQW 5HIHUHQFHVDQG | ||
6XSSUHVVLRQ&KDPEHUWR'U | 6XSSUHVVLRQ&KDPEHUWR'U\ZHOO$OORZDEOH%\SDVV/HDNDJH | ||
7KHVXSSUHVVLRQFKDPEHUWRGU | 7KHVXSSUHVVLRQFKDPEHUWRGU\ZHOOYDFXXPEUHDNHUVSURWHFWWKHGU\ZHOOIURP | ||
GDPDJHE | GDPDJHE\DGU\ZHOOQHJDWLYHSUHVVXUHGLIIHUHQWLDOWKDWFRXOGUHVXOWZLWKPRVWRIWKH | ||
QRQFRQGHQVDEOHJDVFROOHFWHGLQWKHWRUXVDERYHWKHVXSSUHVVLRQSRRODIWHUWKH | QRQFRQGHQVDEOHJDVFROOHFWHGLQWKHWRUXVDERYHWKHVXSSUHVVLRQSRRODIWHUWKH | ||
ZDWHUYDSRULQWKHGU | ZDWHUYDSRULQWKHGU\ZHOOFRQGHQVHVIROORZLQJDGHVLJQEDVLVORVVRIFRRODQW | ||
DFFLGHQW&RQFHUQVZHUHUDLVHGLQ5HIHUHQFHWKDWDSDUWO | DFFLGHQW&RQFHUQVZHUHUDLVHGLQ5HIHUHQFHWKDWDSDUWO\RSHQYDFXXP | ||
EUHDNHUZRXOGSHUPLWVWHDPWRE | EUHDNHUZRXOGSHUPLWVWHDPWRE\SDVVWKHVXSSUHVVLRQSRROIROORZLQJORVVRIFRRODQW | ||
DFFLGHQWVFDXVLQJKLJKHUWKDQGHVLJQFRQWDLQPHQWSUHVVXUH,QUHVSRQVHWR | DFFLGHQWVFDXVLQJKLJKHUWKDQGHVLJQFRQWDLQPHQWSUHVVXUH,QUHVSRQVHWR | ||
5HIHUHQFHFDOFXODWLRQZDVSURYLGHGLQ5HIHUHQFHWKDWVKRZHGWKHGU | 5HIHUHQFHFDOFXODWLRQZDVSURYLGHGLQ5HIHUHQFHWKDWVKRZHGWKHGU\ZHOO | ||
WRVXSSUHVVLRQFKDPEHUOHDNUDWHVWKDWFRXOGEHWROHUDWHGIRUSULPDU | WRVXSSUHVVLRQFKDPEHUOHDNUDWHVWKDWFRXOGEHWROHUDWHGIRUSULPDU\V\VWHPEUHDN | ||
DUHDVDVODUJHDVWKHGHVLJQEDVLVDFFLGHQW '%$ EUHDN7KHUHVXOWVVKRZHGWKH | DUHDVDVODUJHDVWKHGHVLJQEDVLVDFFLGHQW '%$ EUHDN7KHUHVXOWVVKRZHGWKH | ||
YDULDWLRQLQDOORZDEOHGU | YDULDWLRQLQDOORZDEOHGU\ZHOOWRVXSSUHVVLRQFKDPEHUOHDNDJHZLWKWKHSULPDU\ | ||
V | V\VWHPEUHDNDUHD)RUSULPDU\V\VWHPEUHDNVJUHDWHUWKDQIWWKHDOORZDEOH | ||
GU | GU\ZHOOWRVXSSUHVVLRQFKDPEHUOHDNDJHLQFUHDVHVLHWKHGU\ZHOOWRWRUXV | ||
HTXLYDOHQWE | HTXLYDOHQWE\SDVVOHDNDJHLQFUHDVHVIURPDERXWIWWRPRUHWKDQIW)RU | ||
SULPDU | SULPDU\V\VWHPEUHDNVOHVVWKDQIWWKHDOORZDEOHGU\ZHOOWRWRUXVOHDNDJHLV | ||
OHVVWKDQIW7KHFDOFXODWHGGU | OHVVWKDQIW7KHFDOFXODWHGGU\ZHOOWRWRUXVE\SDVVOHDNDJHHTXLYDOHQWWRWKDW | ||
IURPDIW LQFKGLDPHWHU HTXLYDOHQWRULILFHKDVEHHQUHYLHZHGLQ | IURPDIW LQFKGLDPHWHU HTXLYDOHQWRULILFHKDVEHHQUHYLHZHGLQ | ||
| Line 2,378: | Line 2,378: | ||
FRRODQWEUHDNVXSWRWKHGHVLJQEDVLVDFFLGHQW | FRRODQWEUHDNVXSWRWKHGHVLJQEDVLVDFFLGHQW | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW$X[LOLDU\6\VWHPV | ||
&RROLQJDQG9HQWLODWLRQ6 | &RROLQJDQG9HQWLODWLRQ6\VWHPV | ||
0DLQWDLQLQJWKHEXONDYHUDJHGU | 0DLQWDLQLQJWKHEXONDYHUDJHGU\ZHOODPELHQWWHPSHUDWXUHOHVVWKDQ)DQG | ||
ORFDOL]HGWHPSHUDWXUHVEHORZ)GXULQJQRUPDOSODQWRSHUDWLRQDVVXUHVWKDWWKH | ORFDOL]HGWHPSHUDWXUHVEHORZ)GXULQJQRUPDOSODQWRSHUDWLRQDVVXUHVWKDWWKH | ||
LQVXODWLRQRQPRWRUVLVRODWLRQYDOYHVRSHUDWRUVDQGVHQVRUVLQVWUXPHQWFDEOH | LQVXODWLRQRQPRWRUVLVRODWLRQYDOYHVRSHUDWRUVDQGVHQVRUVLQVWUXPHQWFDEOH | ||
HOHFWULFDOFDEOHDQGJDVNHWPDWHULDOVRUVHDODQWVXVHGDWWKHSHQHWUDWLRQVZLOOKDYHD | HOHFWULFDOFDEOHDQGJDVNHWPDWHULDOVRUVHDODQWVXVHGDWWKHSHQHWUDWLRQVZLOOKDYHD | ||
VXVWDLQHGOLIH'U | VXVWDLQHGOLIH'U\ZHOODWPRVSKHUHLVFLUFXODWHGWKURXJKWKHGU\ZHOODQGWKHFRROHUV | ||
E | E\IDQVDQGWKHUHDFWRUEXLOGLQJFORVHGFRROLQJZDWHUV\VWHPLVHPSOR\HGWRUHPRYH | ||
KHDWIURPWKHDLUFRROHUV)RXUFRROHUVDUHSURYLGHG2QHRIWKHVHFRROHUVLV | KHDWIURPWKHDLUFRROHUV)RXUFRROHUVDUHSURYLGHG2QHRIWKHVHFRROHUVLV | ||
GHVLJQHGIRUXVHDVDVSDUHGXULQJQRUPDORSHUDWLRQ$VHSDUDWHIDQORFDWHGRXWVLGH | GHVLJQHGIRUXVHDVDVSDUHGXULQJQRUPDORSHUDWLRQ$VHSDUDWHIDQORFDWHGRXWVLGH | ||
WKHGU | WKHGU\ZHOOLVXVHGWRSXUJHWKHGU\ZHOOEHIRUHWKHGU\ZHOOLVHQWHUHGIRUPDLQWHQDQFH | ||
RULQVSHFWLRQ | RULQVSHFWLRQ | ||
,VRODWLRQ6 | ,VRODWLRQ6\VWHP | ||
6LQFHDUXSWXUHRIDODUJHOLQHSHQHWUDWLQJWKHFRQWDLQPHQWDQGFRQQHFWLQJWRWKH | 6LQFHDUXSWXUHRIDODUJHOLQHSHQHWUDWLQJWKHFRQWDLQPHQWDQGFRQQHFWLQJWRWKH | ||
UHDFWRUFRRODQWV | UHDFWRUFRRODQWV\VWHPPD\EHSRVWXODWHGWRWDNHSODFHDWWKHFRQWDLQPHQW | ||
ERXQGDU | ERXQGDU\WKHLVRODWLRQYDOYHIRUWKDWOLQHLVUHTXLUHGWREHORFDWHGZLWKLQWKH | ||
FRQWDLQPHQW7KLVLQERDUGYDOYHLQHDFKOLQHLVUHTXLUHGWREHFORVHGDXWRPDWLFDOO | FRQWDLQPHQW7KLVLQERDUGYDOYHLQHDFKOLQHLVUHTXLUHGWREHFORVHGDXWRPDWLFDOO\ | ||
RQYDULRXVLQGLFDWLRQVRIUHDFWRUFRRODQWORVV$GGLWLRQDOUHOLDELOLW | RQYDULRXVLQGLFDWLRQVRIUHDFWRUFRRODQWORVV$GGLWLRQDOUHOLDELOLW\LVDGGHGLID | ||
VHFRQGYDOYHLVORFDWHGRXWERDUGRIWKHFRQWDLQPHQWDQGDVFORVHDVSUDFWLFDOWRWKH | VHFRQGYDOYHLVORFDWHGRXWERDUGRIWKHFRQWDLQPHQWDQGDVFORVHDVSUDFWLFDOWRWKH | ||
FRQWDLQPHQW7KLVVHFRQGYDOYHDOVRFORVHVDXWRPDWLFDOO | FRQWDLQPHQW7KLVVHFRQGYDOYHDOVRFORVHVDXWRPDWLFDOO\LIWKHLQERDUGYDOYHLV | ||
QRUPDOO | QRUPDOO\RSHQGXULQJUHDFWRURSHUDWLRQ,IDIDLOXUHLQYROYHVRQHYDOYHWKHVHFRQG | ||
YDOYHLVDYDLODEOHWRIXQFWLRQDVWKHFRQWDLQPHQWEDUULHU7KHWZRYDOYHVLQVHULHVDUH | YDOYHLVDYDLODEOHWRIXQFWLRQDVWKHFRQWDLQPHQWEDUULHU7KHWZRYDOYHVLQVHULHVDUH | ||
SURYLGHGZLWKLQGHSHQGHQWSRZHUVRXUFHV | SURYLGHGZLWKLQGHSHQGHQWSRZHUVRXUFHV | ||
0DLQ6WHDP,VRODWLRQ9DOYHFORVXUHLVUHTXLUHGLQWKHFDVHRIDVWHDPOLQHEUHDN | 0DLQ6WHDP,VRODWLRQ9DOYHFORVXUHLVUHTXLUHGLQWKHFDVHRIDVWHDPOLQHEUHDN | ||
RXWVLGHWKHSULPDU | RXWVLGHWKHSULPDU\FRQWDLQPHQW$QDQDO\VLVRIDFRPSOHWHVXGGHQVWHDPOLQHEUHDN | ||
RXWVLGHWKHSULPDU | RXWVLGHWKHSULPDU\FRQWDLQPHQWLVGHVFULEHGLQ6HFWLRQ,WVKRZVWKDWWKHIXHO | ||
FODGLVSURWHFWHGDJDLQVWORVVRIFRROLQJLIPDLQVWHDPLVRODWLRQFORVXUHWDNHVDVORQJ | FODGLVSURWHFWHGDJDLQVWORVVRIFRROLQJLIPDLQVWHDPLVRODWLRQFORVXUHWDNHVDVORQJ | ||
DVVHF7KHFDOFXODWHGUDGLRORJLFDOHIIHFWVRIWKHUDGLRDFWLYHPDWHULDODVVXPHG | DVVHF7KHFDOFXODWHGUDGLRORJLFDOHIIHFWVRIWKHUDGLRDFWLYHPDWHULDODVVXPHG | ||
| Line 2,413: | Line 2,413: | ||
IXQFWLRQLVGLVFXVVHGLQ6HFWLRQ7KHWUDQVLHQWUHVXOWLQJIURPLQDGYHUWHQW | IXQFWLRQLVGLVFXVVHGLQ6HFWLRQ7KHWUDQVLHQWUHVXOWLQJIURPLQDGYHUWHQW | ||
LVRODWLRQRIWKHPDLQVWHDPOLQHLVGHVFULEHGLQ6HFWLRQ | LVRODWLRQRIWKHPDLQVWHDPOLQHLVGHVFULEHGLQ6HFWLRQ | ||
7KHDELOLW | 7KHDELOLW\RIWKHVHLVRODWLRQYDOYHVWRFORVHLQDIHZVHFRQGVDIWHUDVWHDPOLQH | ||
EUHDNXQGHUFRQGLWLRQVRIKLJKSUHVVXUHGLIIHUHQWLDOVDQGIOXLGIORZVZLWKIOXLG | EUHDNXQGHUFRQGLWLRQVRIKLJKSUHVVXUHGLIIHUHQWLDOVDQGIOXLGIORZVZLWKIOXLG | ||
PL[WXUHVUDQJLQJIURPPRVWO | PL[WXUHVUDQJLQJIURPPRVWO\VWHDPWRPRVWO\ZDWHUKDVEHHQGHPRQVWUDWHGLQD | ||
VHULHVRIWHVWVLQG | VHULHVRIWHVWVLQG\QDPLFWHVWIDFLOLWLHV'\QDPLFWHVWVZLWKDLQYDOYHVKRZWKDW | ||
WKHDQDO | WKHDQDO\WLFDOPHWKRGLVYDOLG$IXOOVL]HLQYDOYHKDVEHHQWHVWHGLQDUDQJHRI | ||
VWHDPZDWHUEORZGRZQFRQGLWLRQVVLPXODWLQJSRVWXODWHGDFFLGHQWFRQGLWLRQV7KH | VWHDPZDWHUEORZGRZQFRQGLWLRQVVLPXODWLQJSRVWXODWHGDFFLGHQWFRQGLWLRQV7KH | ||
GHVFULSWLRQUHVXOWVDQGHYDOXDWLRQVRIWKHVHWHVWVKDYHEHHQLVVXHGDVDUHSRUWIRU | GHVFULSWLRQUHVXOWVDQGHYDOXDWLRQVRIWKHVHWHVWVKDYHEHHQLVVXHGDVDUHSRUWIRU | ||
| Line 2,433: | Line 2,433: | ||
SHUIRUPWKHLVRODWLRQIXQFWLRQDQGSURYLVLRQVKDYHEHHQSURYLGHGIRUOHDNUDWH | SHUIRUPWKHLVRODWLRQIXQFWLRQDQGSURYLVLRQVKDYHEHHQSURYLGHGIRUOHDNUDWH | ||
WHVWLQJRIERWKYDOYHV7KHLQVLGHYDOYHDQGWKHRXWVLGHYDOYHDQGWKHLUFRQWURO | WHVWLQJRIERWKYDOYHV7KHLQVLGHYDOYHDQGWKHRXWVLGHYDOYHDQGWKHLUFRQWURO | ||
V | V\VWHPVDUHVHSDUDWHGSK\VLFDOO\&RQVLGHULQJWKHUHGXQGDQF\WKHPHFKDQLFDO | ||
VWUHQJWKWKHFORVLQJIRUFHVDQGWKHOHDNDJHWHVWVGLVFXVVHGDERYHWKHPDLQVWHDP | VWUHQJWKWKHFORVLQJIRUFHVDQGWKHOHDNDJHWHVWVGLVFXVVHGDERYHWKHPDLQVWHDP | ||
LVRODWLRQYDOYHVVDWLVI | LVRODWLRQYDOYHVVDWLVI\WKHVDIHW\GHVLJQEDVLVWROLPLWWKHUHOHDVHRIUHDFWRUFRRODQW | ||
RUUDGLRDFWLYHPDWHULDOV | RUUDGLRDFWLYHPDWHULDOV | ||
7KHLVRODWLRQYDOYHVDQGWKHLULQVWDOODWLRQDUHGHVLJQHGDV&ODVV,HTXLSPHQW7KH | 7KHLVRODWLRQYDOYHVDQGWKHLULQVWDOODWLRQDUHGHVLJQHGDV&ODVV,HTXLSPHQW7KH | ||
| Line 2,441: | Line 2,441: | ||
7KHVHORDGVDUHVPDOOFRPSDUHGZLWKWKHSUHVVXUHDQGRSHUDWLQJORDGVWKHYDOYH | 7KHVHORDGVDUHVPDOOFRPSDUHGZLWKWKHSUHVVXUHDQGRSHUDWLQJORDGVWKHYDOYH | ||
FRPSRQHQWVDUHGHVLJQHGWRZLWKVWDQG | FRPSRQHQWVDUHGHVLJQHGWRZLWKVWDQG | ||
7KH7,3V | 7KH7,3V\VWHPLVRODWLRQYDOYHVDUHQRUPDOO\FORVHG:KHQWKH7,3V\VWHPFDEOHLV | ||
LQVHUWHGWKHYDOYHRIWKHVHOHFWHGWXEHRSHQVDXWRPDWLFDOO | LQVHUWHGWKHYDOYHRIWKHVHOHFWHGWXEHRSHQVDXWRPDWLFDOO\5HWUDFWLRQZKHQ | ||
UHTXLUHGLVDFFRPSOLVKHGLQDPD[LPXPRIPLQXWHV,IFORVXUHRIWKHYDOYHLV | UHTXLUHGLVDFFRPSOLVKHGLQDPD[LPXPRIPLQXWHV,IFORVXUHRIWKHYDOYHLV | ||
UHTXLUHGGXULQJFDOLEUDWLRQWKHLVRODWLRQVLJQDOFDXVHVWKHFDEOHWREHUHWUDFWHGDQG | UHTXLUHGGXULQJFDOLEUDWLRQWKHLVRODWLRQVLJQDOFDXVHVWKHFDEOHWREHUHWUDFWHGDQG | ||
WKHYDOYHWRFORVHDXWRPDWLFDOO | WKHYDOYHWRFORVHDXWRPDWLFDOO\RQFRPSOHWLRQRIFDEOHZLWKGUDZDO,IUHWUDFWLRQGRHV | ||
QRWRFFXUEDFNXSLVSURYLGHGE | QRWRFFXUEDFNXSLVSURYLGHGE\H[SORVLYHDFWXDWHGVKHDUYDOYHV | ||
,WLVQRWQHFHVVDU | ,WLVQRWQHFHVVDU\QRUGHVLUDEOHWKDWHYHU\LVRODWLRQYDOYHFORVHVLPXOWDQHRXVO\ZLWK | ||
DFRPPRQLVRODWLRQVLJQDO)RUH[DPSOHLIDSURFHVVSLSHZHUHWRUXSWXUHLQWKH | DFRPPRQLVRODWLRQVLJQDO)RUH[DPSOHLIDSURFHVVSLSHZHUHWRUXSWXUHLQWKH | ||
GU | GU\ZHOOLWZRXOGEHLPSRUWDQWWRFORVHDOOOLQHVZKLFKDUHRSHQWRWKHGU\ZHOODQG | ||
VRPHHIIOXHQWSURFHVVOLQHVVXFKDVWKHPDLQVWHDPOLQHV+RZHYHUXQGHUWKHVH | VRPHHIIOXHQWSURFHVVOLQHVVXFKDVWKHPDLQVWHDPOLQHV+RZHYHUXQGHUWKHVH | ||
FRQGLWLRQVLWLVHVVHQWLDOWKDWFRQWDLQPHQWDQGFRUHFRROLQJV | FRQGLWLRQVLWLVHVVHQWLDOWKDWFRQWDLQPHQWDQGFRUHFRROLQJV\VWHPVEHRSHUDEOH | ||
)RUWKLVUHDVRQVSHFLILFVLJQDOVDUHXWLOL]HGIRULVRODWLRQRIWKHYDULRXVSURFHVVDQG | )RUWKLVUHDVRQVSHFLILFVLJQDOVDUHXWLOL]HGIRULVRODWLRQRIWKHYDULRXVSURFHVVDQG | ||
VDIHJXDUGVV | VDIHJXDUGVV\VWHPV | ||
,VRODWLRQYDOYHVPXVWEHFORVHGEHIRUHVLJQLILFDQWDPRXQWVRIILVVLRQSURGXFWVDUH | ,VRODWLRQYDOYHVPXVWEHFORVHGEHIRUHVLJQLILFDQWDPRXQWVRIILVVLRQSURGXFWVDUH | ||
UHOHDVHGIURPWKHUHDFWRUFRUHXQGHUGHVLJQEDVLVDFFLGHQWFRQGLWLRQV%HFDXVHWKH | UHOHDVHGIURPWKHUHDFWRUFRUHXQGHUGHVLJQEDVLVDFFLGHQWFRQGLWLRQV%HFDXVHWKH | ||
| Line 2,461: | Line 2,461: | ||
7KHPDLQFRQGHQVHUVHUYHVDVDQHIIHFWLYHFROOHFWLRQSRLQWIRUSRWHQWLDO06,9 | 7KHPDLQFRQGHQVHUVHUYHVDVDQHIIHFWLYHFROOHFWLRQSRLQWIRUSRWHQWLDO06,9 | ||
OHDNDJHIROORZLQJDORVVRIFRRODQWDFFLGHQW0HWKRGVFRQVLVWHQWZLWKWKH6HLVPLF | OHDNDJHIROORZLQJDORVVRIFRRODQWDFFLGHQW0HWKRGVFRQVLVWHQWZLWKWKH6HLVPLF | ||
4XDOLILFDWLRQ8WLOLW | 4XDOLILFDWLRQ8WLOLW\*URXS 648* VHLVPLFHTXLSPHQWTXDOLILFDWLRQJXLGHOLQHVKDYH | ||
EHHQXVHGWRDVVXUHWKDWWKH06,9OHDNDJHFROOHFWLRQSDWKZRXOGUHPDLQLQWDFW | EHHQXVHGWRDVVXUHWKDWWKH06,9OHDNDJHFROOHFWLRQSDWKZRXOGUHPDLQLQWDFW | ||
IROORZLQJDGHVLJQEDVLVHDUWKTXDNH 5HIHUHQFHVDQG 6HFWLRQLQWKH | IROORZLQJDGHVLJQEDVLVHDUWKTXDNH 5HIHUHQFHVDQG 6HFWLRQLQWKH | ||
15&¶V6DIHW | 15&¶V6DIHW\(YDOXDWLRQ5HSRUWIRU/LFHQVH$PHQGPHQW 5HIHUHQFH | ||
VXPPDUL]HVWKHUHYLHZDQGDFFHSWDQFHRIWKHPHWKRGRORJ | VXPPDUL]HVWKHUHYLHZDQGDFFHSWDQFHRIWKHPHWKRGRORJ\DQGFRQFOXVLRQV | ||
UHJDUGLQJWKHLQWHJULW | UHJDUGLQJWKHLQWHJULW\RIWKH06,9OHDNDJHFROOHFWLRQSDWKDW0RQWLFHOOR | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 2,477: | Line 2,477: | ||
9HQWDQG9DFXXP5HOLHI6 | 9HQWDQG9DFXXP5HOLHI6\VWHP | ||
7KHFRQWDLQPHQWWHPSHUDWXUHLVFRQWUROOHGE | 7KHFRQWDLQPHQWWHPSHUDWXUHLVFRQWUROOHGE\WKH&RQWDLQPHQW&RROLQJDQG | ||
9HQWLODWLRQ6 | 9HQWLODWLRQ6\VWHPGHVFULEHGLQ6HFWLRQKRZHYHUIRUVRPHPDMRU | ||
WUDQVLHQWVVXFKDVVWDUWXSDQGVKXWGRZQWKHWHPSHUDWXUHPD | WUDQVLHQWVVXFKDVVWDUWXSDQGVKXWGRZQWKHWHPSHUDWXUHPD\FKDQJHHQRXJKWR | ||
FDXVHDFKDQJHLQSUHVVXUH([FHVVSUHVVXUHGXULQJFRQGLWLRQVDWZKLFKWKHUHDFWRU | FDXVHDFKDQJHLQSUHVVXUH([FHVVSUHVVXUHGXULQJFRQGLWLRQVDWZKLFKWKHUHDFWRU | ||
WHPSHUDWXUHLVOHVVWKDQDERXW)LVUHOLHYHGWKURXJKWKHSXUJHOLQH:KHQWKH | WHPSHUDWXUHLVOHVVWKDQDERXW)LVUHOLHYHGWKURXJKWKHSXUJHOLQH:KHQWKH | ||
UHDFWRUWHPSHUDWXUHLVDERYH)DLQE | UHDFWRUWHPSHUDWXUHLVDERYH)DLQE\SDVVYDOYHFDQEHRSHQHGWRYHQW | ||
FRQWDLQPHQWWKURXJKWKH6WDQGE | FRQWDLQPHQWWKURXJKWKH6WDQGE\*DV7UHDWPHQW6\VWHP/RZSUHVVXUHUHVXOWLQJ | ||
IURPFRROLQJWKHSULPDU | IURPFRROLQJWKHSULPDU\FRQWDLQPHQWDWPRVSKHUHLVHTXDOL]HGE\WKHDGGLWLRQRIDLU | ||
LQWRWKHWRUXVYLDWKHWRUXVUHDFWRUEXLOGLQJYDFXXPEUHDNHUVDQGWKHQLQWRWKH | LQWRWKHWRUXVYLDWKHWRUXVUHDFWRUEXLOGLQJYDFXXPEUHDNHUVDQGWKHQLQWRWKH | ||
GU | GU\ZHOOYLDWKHGU\ZHOOWRUXVYDFXXPEUHDNHUV | ||
$VLQJOHLQOLQHIURPWKHWRUXVGLYLGHVWRSURYLGHSDUDOOHOSDWKVWRWKHUHDFWRU | $VLQJOHLQOLQHIURPWKHWRUXVGLYLGHVWRSURYLGHSDUDOOHOSDWKVWRWKHUHDFWRU | ||
EXLOGLQJDWPRVSKHUHZLWKWZRYDFXXPEUHDNHUVLQVHULHVLQHDFKRIWKHWZRSDWKV | EXLOGLQJDWPRVSKHUHZLWKWZRYDFXXPEUHDNHUVLQVHULHVLQHDFKRIWKHWZRSDWKV | ||
2QHRIHDFKSDLULVDFWXDWHGHOHFWULFDOO | 2QHRIHDFKSDLULVDFWXDWHGHOHFWULFDOO\IURP$&SRZHUE\DGLIIHUHQWLDOSUHVVXUH | ||
VZLWFKVLJQDO7KHVHFRQGLVVHOIDFWXDWLQJ7KHFRPELQHGSUHVVXUHGURSDWUDWHG | VZLWFKVLJQDO7KHVHFRQGLVVHOIDFWXDWLQJ7KHFRPELQHGSUHVVXUHGURSDWUDWHG | ||
IORZWKURXJKERWKYDOYHVGRHVQRWH[FHHGWKHVXSSUHVVLRQFKDPEHUGHVLJQH[WHUQDO | IORZWKURXJKERWKYDOYHVGRHVQRWH[FHHGWKHVXSSUHVVLRQFKDPEHUGHVLJQH[WHUQDO | ||
SUHVVXUH SVL | SUHVVXUH SVL | ||
(LJKWYDFXXPEUHDNHUYDOYHVEHWZHHQWKHVXSSUHVVLRQFKDPEHUDQGWKHGU | (LJKWYDFXXPEUHDNHUYDOYHVEHWZHHQWKHVXSSUHVVLRQFKDPEHUDQGWKHGU\ZHOO | ||
SURYLGHWKHFDSDELOLW | SURYLGHWKHFDSDELOLW\WRYHQWWKHWRUXVDLUVSDFHJDVHVEDFNWRWKHGU\ZHOOLQRUGHUWR | ||
DVVXUHSUHVVXUHHTXLOLEULXPEHWZHHQWKHFRPSDUWPHQWV:LWKRXWWKLVFDSDELOLW | DVVXUHSUHVVXUHHTXLOLEULXPEHWZHHQWKHFRPSDUWPHQWV:LWKRXWWKLVFDSDELOLW\WKH | ||
SRWHQWLDOH[LVWVWRH[FHHGWKHGHVLJQOLPLWVRIWKHYHQWKHDGHUDQGWKHGU | SRWHQWLDOH[LVWVWRH[FHHGWKHGHVLJQOLPLWVRIWKHYHQWKHDGHUDQGWKHGU\ZHOOVXFK | ||
WKDWEXFNOLQJZRXOGRFFXUGXHWRH[WHUQDOSUHVVXUH)RU0RQWLFHOORWKHGHVLJQ | WKDWEXFNOLQJZRXOGRFFXUGXHWRH[WHUQDOSUHVVXUH)RU0RQWLFHOORWKHGHVLJQ | ||
GLIIHUHQWLDOSUHVVXUHLVSVLGIRUWKHWRUXVGU | GLIIHUHQWLDOSUHVVXUHLVSVLGIRUWKHWRUXVGU\ZHOODQGYHQWV\VWHP | ||
3HQHWUDWLRQV | 3HQHWUDWLRQV | ||
7KHIROORZLQJDQDO | 7KHIROORZLQJDQDO\WLFDOPHWKRGVZHUHXVHGWRHYDOXDWHWKHVWUHVVHVLQWKHGU\ZHOO | ||
VKHOOGXHWRWKHSHQHWUDWLRQORDGLQJFRQGLWLRQVDVVSHFLILHGLQ6HFWLRQ7KH | VKHOOGXHWRWKHSHQHWUDWLRQORDGLQJFRQGLWLRQVDVVSHFLILHGLQ6HFWLRQ7KH | ||
DQDO | DQDO\WLFDOPHWKRGVIRUWKHVXSSUHVVLRQFKDPEHUSHQHWUDWLRQVDUHGHVFULEHGLQ | ||
5HIHUHQFH | 5HIHUHQFH | ||
7KHVKHOOVWUHVVHVUHVXOWLQJIURPWKHSLSHUXSWXUHORDGVZHUHFDOFXODWHGDWWKHVKHOO | 7KHVKHOOVWUHVVHVUHVXOWLQJIURPWKHSLSHUXSWXUHORDGVZHUHFDOFXODWHGDWWKHVKHOO | ||
| Line 2,516: | Line 2,516: | ||
/RFDOPHPEUDQHVWUHVVHV6P | /RFDOPHPEUDQHVWUHVVHV6P | ||
E | E | ||
/RFDOPHPEUDQHVHFRQGDU | /RFDOPHPEUDQHVHFRQGDU\PHPEUDQHVHFRQGDU\EHQGLQJ6P | ||
:KHUH6PLVWKHDOORZDEOHVWUHVVLQWHQVLW | :KHUH6PLVWKHDOORZDEOHVWUHVVLQWHQVLW\IRUWKHVSHFLILHGPDWHULDOSHU6HFWLRQ | ||
9,,,RIWKH$60(&RGH 5HIHUHQFH | 9,,,RIWKH$60(&RGH 5HIHUHQFH | ||
7KHSULPDU | 7KHSULPDU\FRQWDLQPHQWVKHOOVWUHVVHVFDOFXODWHGE\WKHDERYHPHWKRGVGLGQRW | ||
H[FHHGWKHDOORZDEOHVWUHVVHVDVVSHFLILHGLQWKH$60(6HFWLRQ,,,6XEVHFWLRQ% | H[FHHGWKHDOORZDEOHVWUHVVHVDVVSHFLILHGLQWKH$60(6HFWLRQ,,,6XEVHFWLRQ% | ||
5HIHUHQFH | 5HIHUHQFH | ||
| Line 2,534: | Line 2,534: | ||
SLSHVDQGSURFHVVSLSLQJZHUH | SLSHVDQGSURFHVVSLSLQJZHUH | ||
D | D | ||
3HQHWUDWLRQQR))OHVIRUPDSDUWRIWKHSULPDU | 3HQHWUDWLRQQR))OHVIRUPDSDUWRIWKHSULPDU\FRQWDLQPHQWDQGDVVXFKDUH | ||
VXEMHFWWRWKHVDPHGHVLJQFULWHULD7KHVWUHVVHVLQQR))OHVUHVXOWLQJIURPSLSH | VXEMHFWWRWKHVDPHGHVLJQFULWHULD7KHVWUHVVHVLQQR))OHVUHVXOWLQJIURPSLSH | ||
UXSWXUHORDGVZHUHHYDOXDWHGXVLQJWKHSURFHGXUHVQRWHGDERYH | UXSWXUHORDGVZHUHHYDOXDWHGXVLQJWKHSURFHGXUHVQRWHGDERYH | ||
| Line 2,540: | Line 2,540: | ||
2ULJLQDOSHQHWUDWLRQEHOORZVDVVHPEOLHVDQGH[SDQVLRQMRLQWVZHUHGHVLJQHGLQ | 2ULJLQDOSHQHWUDWLRQEHOORZVDVVHPEOLHVDQGH[SDQVLRQMRLQWVZHUHGHVLJQHGLQ | ||
DFFRUGDQFHZLWK$60(6HFWLRQ,,, (GLWLRQDQG&RGH&DVH1R | DFFRUGDQFHZLWK$60(6HFWLRQ,,, (GLWLRQDQG&RGH&DVH1R | ||
7KHGHVLJQDQDO | 7KHGHVLJQDQDO\VLVIRUWKHEHOORZVH[SDQVLRQMRLQWVLVGHWHUPLQHGE\WKH | ||
SULPDU | SULPDU\FRQWDLQPHQWGHVLJQSUHVVXUHRI36,*DQGGHVLJQWHPSHUDWXUHRI | ||
) | ) | ||
&RQVLVWHQWZLWK$60(6HFWLRQ;, (GLWLRQIRUUHSDLUUHSODFHPHQW | &RQVLVWHQWZLWK$60(6HFWLRQ;, (GLWLRQIRUUHSDLUUHSODFHPHQW | ||
DFWLYLWLHVWKHUHSODFHPHQWEHOORZVDVVHPEO | DFWLYLWLHVWKHUHSODFHPHQWEHOORZVDVVHPEO\IRU;%LVGHVLJQHGDQG | ||
IDEULFDWHGWR$60(6HFWLRQ,,,'LYLVLRQ, (GLWLRQXSWRDQGLQFOXGLQJWKH | IDEULFDWHGWR$60(6HFWLRQ,,,'LYLVLRQ, (GLWLRQXSWRDQGLQFOXGLQJWKH | ||
:LQWHU $GGHQGD ZLWKPDWHULDOVLQDFFRUGDQFHZLWK$60(6HFWLRQ,,, | :LQWHU $GGHQGD ZLWKPDWHULDOVLQDFFRUGDQFHZLWK$60(6HFWLRQ,,, | ||
| Line 2,550: | Line 2,550: | ||
LQFRUSRUDWHV&RGH&DVH1RDQGUHYLVHVWKHDOORZDEOHVWUHVVDQGGHILQHG | LQFRUSRUDWHV&RGH&DVH1RDQGUHYLVHVWKHDOORZDEOHVWUHVVDQGGHILQHG | ||
GHVLJQSUHVVXUH7KHVHFRGHFKDQJHVKDYHEHHQUHFRQFLOHGWRWKHRULJLQDO | GHVLJQSUHVVXUH7KHVHFRGHFKDQJHVKDYHEHHQUHFRQFLOHGWRWKHRULJLQDO | ||
UHTXLUHPHQWVE | UHTXLUHPHQWVE\SHUIRUPDQFHRIGHVLJQDQDO\VLVIRUWKHUHSODFHPHQWDVVHPEO\ | ||
WRSVLJDQG)LQDFFRUGDQFHZLWKWKHODWHUFRGH | WRSVLJDQG)LQDFFRUGDQFHZLWKWKHODWHUFRGH | ||
3HQHWUDWLRQJXDUGSLSHVIRUDVVHPEOLHVHPSOR | 3HQHWUDWLRQJXDUGSLSHVIRUDVVHPEOLHVHPSOR\LQJDQH[SDQVLRQEHOORZVZHUH | ||
GHVLJQHGIRUWKHPD[LPXPGHVLJQSUHVVXUHDQGWHPSHUDWXUHRIWKHDVVRFLDWHG | GHVLJQHGIRUWKHPD[LPXPGHVLJQSUHVVXUHDQGWHPSHUDWXUHRIWKHDVVRFLDWHG | ||
SURFHVVOLQHZLWKVWUHVVHVOLPLWHGWR SHUFHQWRI | SURFHVVOLQHZLWKVWUHVVHVOLPLWHGWR SHUFHQWRI\LHOGVWUHQJWK | ||
F | F | ||
7KHJXDUGSLSHVKDYHEHHQSURYLGHGZLWKDFRQWLQXRXVMHWGHIOHFWRUULQJWR | 7KHJXDUGSLSHVKDYHEHHQSURYLGHGZLWKDFRQWLQXRXVMHWGHIOHFWRUULQJWR | ||
SURWHFWEHOORZVIURPRYHUSUHVVXUHUHVXOWLQJIURPMHWLPSLQJHPHQWORDGLQJ7KH | SURWHFWEHOORZVIURPRYHUSUHVVXUHUHVXOWLQJIURPMHWLPSLQJHPHQWORDGLQJ7KH | ||
MHWGHIOHFWRUULQJZDVGHVLJQHGIRUWKLVMHWLPSLQJHPHQWZLWKVWUHVVHVOLPLWHGWR | MHWGHIOHFWRUULQJZDVGHVLJQHGIRUWKLVMHWLPSLQJHPHQWZLWKVWUHVVHVOLPLWHGWR | ||
SHUFHQWRI | SHUFHQWRI\LHOGVWUHQJWK | ||
G | G | ||
3URFHVVOLQHVZHUHGHVLJQHGIRUQRUPDORSHUDWLQJORDGVRISUHVVXUHWKHUPDO | 3URFHVVOLQHVZHUHGHVLJQHGIRUQRUPDORSHUDWLQJORDGVRISUHVVXUHWKHUPDO | ||
H[SDQVLRQVHLVPLFDQGGHDGORDGVLQDFFRUGDQFHZLWKWKHGHVLJQVSHFLILFDWLRQ | H[SDQVLRQVHLVPLFDQGGHDGORDGVLQDFFRUGDQFHZLWKWKHGHVLJQVSHFLILFDWLRQ | ||
IRUWKHDVVRFLDWHGSURFHVVV | IRUWKHDVVRFLDWHGSURFHVVV\VWHP | ||
3URFHVVOLQHVZHUHQRWGHVLJQHGWRZLWKVWDQGWKHMHWUHDFWLRQORDGV KRZHYHU | 3URFHVVOLQHVZHUHQRWGHVLJQHGWRZLWKVWDQGWKHMHWUHDFWLRQORDGV KRZHYHU | ||
SLSHUHVWUDLQWVDQFKRUVDQGVXSSRUWVZHUHSURYLGHGRQWKHSLSHSHQHWUDWLRQV | SLSHUHVWUDLQWVDQFKRUVDQGVXSSRUWVZHUHSURYLGHGRQWKHSLSHSHQHWUDWLRQV | ||
| Line 2,574: | Line 2,574: | ||
SHUFHQWRIWKHXOWLPDWHVWUHQJWKRIWKHPDWHULDO8VHRID6PDVWKHXSSHU | SHUFHQWRIWKHXOWLPDWHVWUHQJWKRIWKHPDWHULDO8VHRID6PDVWKHXSSHU | ||
OLPLWIRUVWUHVVHVDVVXUHVWKDWDGHTXDWHPDUJLQLVDYDLODEOHVRWKDWWKHXOWLPDWH | OLPLWIRUVWUHVVHVDVVXUHVWKDWDGHTXDWHPDUJLQLVDYDLODEOHVRWKDWWKHXOWLPDWH | ||
ORDGFDSDELOLW | ORDGFDSDELOLW\RIWKHFRQWDLQPHQWERXQGDU\LVQRWUHDFKHG | ||
E | E | ||
7KHPD[LPXPMHWIRUFHIRUUHDFWLRQDQGLPSLQJHPHQWZDVEDVHGRQQRPLQDOOLQH | 7KHPD[LPXPMHWIRUFHIRUUHDFWLRQDQGLPSLQJHPHQWZDVEDVHGRQQRPLQDOOLQH | ||
SUHVVXUHZLWKQRUHGXFWLRQGXHWRSUHVVXUHGURSLQWKHV | SUHVVXUHZLWKQRUHGXFWLRQGXHWRSUHVVXUHGURSLQWKHV\VWHPIURPWKHUHDFWRU | ||
YHVVHOWRWKHSRLQWRISLSHUXSWXUH | YHVVHOWRWKHSRLQWRISLSHUXSWXUH | ||
| Line 2,591: | Line 2,591: | ||
&RQVHUYDWLYHDVVXPSWLRQVZHUHXVHGIRUDWWHQXDWLRQRIWKHMHWLPSLQJHPHQW | &RQVHUYDWLYHDVVXPSWLRQVZHUHXVHGIRUDWWHQXDWLRQRIWKHMHWLPSLQJHPHQW | ||
ORDGVLHWKHDWWHQXDWLRQIDFWRUIRUFXUYDWXUHRIWKHWDUJHWSLSHZDVEDVHGRQ | ORDGVLHWKHDWWHQXDWLRQIDFWRUIRUFXUYDWXUHRIWKHWDUJHWSLSHZDVEDVHGRQ | ||
WZRDQDO | WZRDQDO\VHV7KHILUVWDQDO\VLVDVVXPHGDKRPRJHQHRXVPL[WXUHDQG | ||
VWUHDPOLQHIORZ7KHSURFHGXUHFRQVLVWHGRIWKHLQWHJUDWLRQEHWZHHQDQG | VWUHDPOLQHIORZ7KHSURFHGXUHFRQVLVWHGRIWKHLQWHJUDWLRQEHWZHHQDQG | ||
RI FRV G 5HIHUHQFH DQGJLYHVDQDWWHQXDWLRQFRQVWDQWRI | RI FRV G 5HIHUHQFH DQGJLYHVDQDWWHQXDWLRQFRQVWDQWRI | ||
7KHVHFRQGDQDO | 7KHVHFRQGDQDO\VLVFRQVLGHUHGWKH³GUDJFRHIILFLHQWDSSURDFK'VLPLODUWRWKH | ||
GHVLJQRIFKLPQH | GHVLJQRIFKLPQH\VIRUZLQG 5HIHUHQFH DQGJLYHQDQDWWHQXDWLRQFRQVWDQW | ||
RI | RI | ||
)RUWKHGHVLJQRIWKHSULPDU | )RUWKHGHVLJQRIWKHSULPDU\FRQWDLQPHQWSHQHWUDWLRQVWKHDWWHQXDWLRQ | ||
FRQVWDQWRIZDVXVHG6XFKXVHLVFRQVHUYDWLYH | FRQVWDQWRIZDVXVHG6XFKXVHLVFRQVHUYDWLYH | ||
G | G | ||
| Line 2,606: | Line 2,606: | ||
)RUORQJLWXGLQDOORDGLQJIURPSLSHUXSWXUHMHWUHDFWLRQRIMHWLPSLQJHPHQWWKH | )RUORQJLWXGLQDOORDGLQJIURPSLSHUXSWXUHMHWUHDFWLRQRIMHWLPSLQJHPHQWWKH | ||
GHVLJQRISLSHDQFKRUVDQGUHVWUDLQWVGLGQRWLQFOXGHWKHLQWHUQDOVXSSRUWIURP | GHVLJQRISLSHDQFKRUVDQGUHVWUDLQWVGLGQRWLQFOXGHWKHLQWHUQDOVXSSRUWIURP | ||
WKHSLSHV | WKHSLSHV\VWHPRUH[LVWLQJSLSHVXVSHQVLRQ | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO | ||
,WKDVEHHQVKRZQLQWKH&)5$SSHQGL[.DQDO | ,WKDVEHHQVKRZQLQWKH&)5$SSHQGL[.DQDO\VLVRIWKHGHVLJQEDVLV | ||
ORVVRIFRRODQWDFFLGHQWWKDWWKHRSHUDWLRQRIWKHUHDFWRUFRUHDQGFRQWDLQPHQW | ORVVRIFRRODQWDFFLGHQWWKDWWKHRSHUDWLRQRIWKHUHDFWRUFRUHDQGFRQWDLQPHQW | ||
FRROLQJV | FRROLQJV\VWHPVPDLQWDLQVFRQWLQXLW\RIUHDFWRUFRUHDQGFRQWDLQPHQWFRROLQJDQG | ||
IORRGLQJVXFKWKDWWKHH[WHQWRIWKHUHVXOWDQWFRUHZLGHPHWDOZDWHUUHDFWLRQZRXOGEH | IORRGLQJVXFKWKDWWKHH[WHQWRIWKHUHVXOWDQWFRUHZLGHPHWDOZDWHUUHDFWLRQZRXOGEH | ||
OHVVWKDQ 5HIHUHQFH 7KHK | OHVVWKDQ 5HIHUHQFH 7KHK\GURJHQSURGXFHGE\DPHWDOZDWHUUHDFWLRQLI | ||
PL[HGZLWKWKHDLULQWKHSULPDU | PL[HGZLWKWKHDLULQWKHSULPDU\FRQWDLQPHQWZRXOGUHVXOWLQDK\GURJHQ | ||
FRQFHQWUDWLRQRIOHVVWKDQ7KLVFRQFHQWUDWLRQLVEHORZWKHFRQFHQWUDWLRQDWZKLFK | FRQFHQWUDWLRQRIOHVVWKDQ7KLVFRQFHQWUDWLRQLVEHORZWKHFRQFHQWUDWLRQDWZKLFK | ||
K | K\GURJHQFRXOGEHLJQLWHG5HVHDUFK 5HIHUHQFH LQGLFDWHVWKDWK\GURJHQ | ||
FDQQRWEHLJQLWHGLQDLULIWKHK | FDQQRWEHLJQLWHGLQDLULIWKHK\GURJHQFRQFHQWUDWLRQLVOHVVWKDQ'DWD | ||
5HIHUHQFH DOVRLQGLFDWHVWKDWWKHSRVVLELOLW | 5HIHUHQFH DOVRLQGLFDWHVWKDWWKHSRVVLELOLW\RIDK\GURJHQR[\JHQUHDFWLRQFDQ | ||
EHHOLPLQDWHGIRUDOOFRQFHQWUDWLRQVRIK | EHHOLPLQDWHGIRUDOOFRQFHQWUDWLRQVRIK\GURJHQSUHVHQWLIWKHFRQFHQWUDWLRQRI | ||
R[ | R[\JHQLQWKHSULPDU\FRQWDLQPHQWLVOHVVWKDQ | ||
6KRXOGDGHVLJQEDVLVORVVRIFRRODQWDFFLGHQWRFFXUWKHVDIHJXDUGVIHDWXUHV | 6KRXOGDGHVLJQEDVLVORVVRIFRRODQWDFFLGHQWRFFXUWKHVDIHJXDUGVIHDWXUHV | ||
SURYLGHGE | SURYLGHGE\WKHUHDFWRUFRUHDQGFRQWDLQPHQWFRROLQJV\VWHPVSUHYHQWVJHQHUDWLRQRI | ||
TXDQWLWLHVRIK | TXDQWLWLHVRIK\GURJHQFDSDEOHRIEHLQJLJQLWHG,QHUWLQJLVSHUIRUPHGWKHUHIRUHWR | ||
PHHW15&UHTXLUHPHQWVDQGSUHFOXGHK | PHHW15&UHTXLUHPHQWVDQGSUHFOXGHK\GURJHQLJQLWLRQLQWKHFDVHRIGHJUDGHG | ||
VDIHJXDUGVV | VDIHJXDUGVV\VWHPSHUIRUPDQFHRURWKHUSRVWXODWHGLQVWDQFHVRILQDGHTXDWHFRUH | ||
FRROLQJ | FRROLQJ | ||
'U | 'U\ZHOO7HPSHUDWXUH$QDO\VLVIRU'U\ZHOO:DOO7HPSHUDWXUH | ||
7KHHIIHFWRIVWHDPEUHDNVRQWKHGU | 7KHHIIHFWRIVWHDPEUHDNVRQWKHGU\ZHOOZDOOZHUHFRQVLGHUHGWRHQVXUHWKHGU\ZHOO | ||
GHVLJQWHPSHUDWXUHRI)ZRXOGQRWEHH[FHHGHG6WHDPEUHDNVZHUHFRQVLGHUHG | GHVLJQWHPSHUDWXUHRI)ZRXOGQRWEHH[FHHGHG6WHDPEUHDNVZHUHFRQVLGHUHG | ||
VLQFHVWHDPEUHDNVLQVLGHWKHGU | VLQFHVWHDPEUHDNVLQVLGHWKHGU\ZHOODUHOLPLWLQJZLWKUHVSHFWWRGU\ZHOOWHPSHUDWXUH | ||
DQGSUHVVXUH | DQGSUHVVXUH | ||
7KUHHVL]HVRIVWHDPEUHDNVZHUHFRQVLGHUHG IWIWDQGIW7KH | 7KUHHVL]HVRIVWHDPEUHDNVZHUHFRQVLGHUHG IWIWDQGIW7KH | ||
DQDO | DQDO\VLVSHUIRUPHGFRQIRUPHGWR3DUW$SSHQGL[%RI185(* | ||
5HIHUHQFH DQG | 5HIHUHQFH DQG | ||
| Line 2,645: | Line 2,645: | ||
7KHDQDO | 7KHDQDO\VLVDVVXPHGWKDWFRQWDLQPHQWVSUD\VZHUHLQLWLDWHGZKHQGU\ZHOOJDV | ||
WHPSHUDWXUHUHDFKHV)EXWQRWHDUOLHUWKDQPLQXWHVLQWRWKHHYHQW7KH | WHPSHUDWXUHUHDFKHV)EXWQRWHDUOLHUWKDQPLQXWHVLQWRWKHHYHQW7KH | ||
GU | GU\ZHOOVSUD\VPDLQWDLQWKHGU\ZHOOZDOOWHPSHUDWXUHVZLWKLQWKHGU\ZHOOGHVLJQ | ||
WHPSHUDWXUHRI)7KHZHWZHOOVSUD | WHPSHUDWXUHRI)7KHZHWZHOOVSUD\VDUHQRWUHTXLUHGWRPDLQWDLQWKHZHWZHOO | ||
ZDOOWHPSHUDWXUHVZLWKLQWKHZHWZHOOGHVLJQWHPSHUDWXUHRI) | ZDOOWHPSHUDWXUHVZLWKLQWKHZHWZHOOGHVLJQWHPSHUDWXUHRI) | ||
7KHUHVXOWVIURPWKHVWHDPOLQHEUHDNDQDO | 7KHUHVXOWVIURPWKHVWHDPOLQHEUHDNDQDO\VLVDUHLQFOXGHGLQVHFWLRQVDQG | ||
RI5HIHUHQFHDQGLQWKHDVVRFLDWHGRXWSXWGDWDILOHVDWWDFKHGWR | RI5HIHUHQFHDQGLQWKHDVVRFLDWHGRXWSXWGDWDILOHVDWWDFKHGWR | ||
5HIHUHQFH7KHFDOFXODWHGSHDNGU | 5HIHUHQFH7KHFDOFXODWHGSHDNGU\ZHOOZDOOWHPSHUDWXUHLV)ZKLFKRFFXUV | ||
GXULQJWKHIWEUHDNDVVXPLQJ8&+,'$FRQGHQVLQJKHDWWUDQVIHUWRWKHGU | GXULQJWKHIWEUHDNDVVXPLQJ8&+,'$FRQGHQVLQJKHDWWUDQVIHUWRWKHGU\ZHOO | ||
ZDOOXQWLOWKHZDOOWHPSHUDWXUHUHDFKHVWKHVDWXUDWLRQWHPSHUDWXUHIRUWKHGU | ZDOOXQWLOWKHZDOOWHPSHUDWXUHUHDFKHVWKHVDWXUDWLRQWHPSHUDWXUHIRUWKHGU\ZHOO | ||
SUHVVXUH7KHFDOFXODWHGSHDNGU | SUHVVXUH7KHFDOFXODWHGSHDNGU\ZHOOJDVWHPSHUDWXUHLV)7KHOLPLWLQJ | ||
WHPSHUDWXUHHQYHORSHVIRUWKHGU | WHPSHUDWXUHHQYHORSHVIRUWKHGU\ZHOODQGPD[LPXPGU\ZHOOZDOOWHPSHUDWXUHDUH | ||
VKRZQLQ7DEOHDQG7DEOHUHVSHFWLYHO | VKRZQLQ7DEOHDQG7DEOHUHVSHFWLYHO\7KHGU\ZHOOZDOOWHPSHUDWXUH | ||
GRHVQRWH[FHHGWKHRULJLQDOGHVLJQYDOXH | GRHVQRWH[FHHGWKHRULJLQDOGHVLJQYDOXH | ||
3RVW$FFLGHQW&RQWDLQPHQW0L[LQJ | 3RVW$FFLGHQW&RQWDLQPHQW0L[LQJ | ||
1RFRQWDLQPHQWSRVWDFFLGHQWPL[LQJV | 1RFRQWDLQPHQWSRVWDFFLGHQWPL[LQJV\VWHPLVUHTXLUHG7KH0RQWLFHOORFRPEXVWLEOH | ||
JDVFRQWUROFRQFHSWLVEDVHGRQPDLQWDLQLQJWKHR[ | JDVFRQWUROFRQFHSWLVEDVHGRQPDLQWDLQLQJWKHR[\JHQFRQFHQWUDWLRQEHORZWKH | ||
6DIHW | 6DIHW\*XLGH 5HIHUHQFH OLPLWRI7KXVWKHRQO\FRQFHUQIURPDPL[LQJ | ||
YLHZSRLQWLVWKHSRWHQWLDOGHJUHHRIQRQXQLIRUPLW | YLHZSRLQWLVWKHSRWHQWLDOGHJUHHRIQRQXQLIRUPLW\LQR[\JHQFRQFHQWUDWLRQWKDWZRXOG | ||
RFFXULQWKHFRQWDLQPHQW7KHUHDUHWKUHHPL[LQJIRUFHVH[LVWLQJLQWKHFRQWDLQPHQW | RFFXULQWKHFRQWDLQPHQW7KHUHDUHWKUHHPL[LQJIRUFHVH[LVWLQJLQWKHFRQWDLQPHQW | ||
DIWHUDORVVRIFRRODQWDFFLGHQW WKH | DIWHUDORVVRIFRRODQWDFFLGHQW WKH\DUHGLIIXVLRQQDWXUDOFRQYHFWLRQDQGIRUFHG | ||
FRQYHFWLRQ2IWKHVHWKUHHWKHPRVWGRPLQDQWPL[LQJIRUFHZRXOGEHIRUFHG | FRQYHFWLRQ2IWKHVHWKUHHWKHPRVWGRPLQDQWPL[LQJIRUFHZRXOGEHIRUFHG | ||
FRQYHFWLRQ)RUFHGFRQYHFWLRQZRXOGEHLQGXFHGE | FRQYHFWLRQ)RUFHGFRQYHFWLRQZRXOGEHLQGXFHGE\VXFKWKLQJVDVFRQWDLQPHQW | ||
VSUD | VSUD\VIORZRXWRIWKHEURNHQSLSHIORZWKURXJKWKHGU\ZHOOYHQWSLSHVDQGYDFXXP | ||
UHOLHIOLQHVDQGWKHGU | UHOLHIOLQHVDQGWKHGU\ZHOOIDQFRROHUVLIDYDLODEOH)RUFHGFRQYHFWLRQLVKRZHYHU | ||
WKHPRVWGLIILFXOWPL[LQJIRUFHWRTXDQWLWDWLYHO | WKHPRVWGLIILFXOWPL[LQJIRUFHWRTXDQWLWDWLYHO\HYDOXDWHDQGGHWDLOHGFDOFXODWLRQVRILWV | ||
HIIHFWVRQFRQFHQWUDWLRQJUDGLHQWVKDYHQRWEHHQGRQH | HIIHFWVRQFRQFHQWUDWLRQJUDGLHQWVKDYHQRWEHHQGRQH | ||
'HWDLOHGFDOFXODWLRQVKDYHKRZHYHUEHHQGRQHRQWKHRWKHUWZRPL[LQJIRUFHVLH | 'HWDLOHGFDOFXODWLRQVKDYHKRZHYHUEHHQGRQHRQWKHRWKHUWZRPL[LQJIRUFHVLH | ||
GLIIXVLRQDQGQDWXUDOFRQYHFWLRQ7KHGHWDLOVRIWKLVDQDO | GLIIXVLRQDQGQDWXUDOFRQYHFWLRQ7KHGHWDLOVRIWKLVDQDO\VLVZHUHSUHVHQWHGLQ | ||
$PHQGPHQWWRWKH'XDQH$UQROG(QHUJ | $PHQGPHQWWRWKH'XDQH$UQROG(QHUJ\&HQWHU)6$5LQUHVSRQVHWRTXHVWLRQ | ||
*OO G 7KHVHFDOFXODWLRQVVKRZHGWKDWWKHPD[LPXPR[ | *OO G 7KHVHFDOFXODWLRQVVKRZHGWKDWWKHPD[LPXPR[\JHQFRQFHQWUDWLRQ | ||
GHYLDWLRQZRXOGEHIURPWKHDYHUDJHDWWKHVXUIDFHRIWKHVXSSUHVVLRQSRROXVLQJ | GHYLDWLRQZRXOGEHIURPWKHDYHUDJHDWWKHVXUIDFHRIWKHVXSSUHVVLRQSRROXVLQJ | ||
FRQVHUYDWLYHDVVXPSWLRQVUHODWLYHWRWKHQDWXUDOFRQYHFWLRQGULYLQJIRUFH/HVV | FRQVHUYDWLYHDVVXPSWLRQVUHODWLYHWRWKHQDWXUDOFRQYHFWLRQGULYLQJIRUFH/HVV | ||
FRQVHUYDWLYHDVVXPSWLRQVIRUQDWXUDOFRQYHFWLRQZRXOGUHVXOWLQDPD[LPXP | FRQVHUYDWLYHDVVXPSWLRQVIRUQDWXUDOFRQYHFWLRQZRXOGUHVXOWLQDPD[LPXP | ||
FRQFHQWUDWLRQGHYLDWLRQRI,QRWKHUZRUGVJLYHQDQDYHUDJHR[ | FRQFHQWUDWLRQGHYLDWLRQRI,QRWKHUZRUGVJLYHQDQDYHUDJHR[\JHQ | ||
FRQFHQWUDWLRQRIWKHPD[LPXPFRQFHQWUDWLRQDWWKHVXSSUHVVLRQSRROVXUIDFH | FRQFHQWUDWLRQRIWKHPD[LPXPFRQFHQWUDWLRQDWWKHVXSSUHVVLRQSRROVXUIDFH | ||
ZRXOGEHRUOHVVFRQVHUYDWLYHO | ZRXOGEHRUOHVVFRQVHUYDWLYHO\%DVHGRQWKHUHVXOWVRIWKLV | ||
DQDO | DQDO\VLVLWKDVEHHQFRQFOXGHGWKDWWKHDVVXPSWLRQRIDXQLIRUPR[\JHQ | ||
FRQFHQWUDWLRQLQWKHFRQWDLQPHQWLVUHDVRQDEOHIRUSHUIRUPLQJDQDO | FRQFHQWUDWLRQLQWKHFRQWDLQPHQWLVUHDVRQDEOHIRUSHUIRUPLQJDQDO\VHVUHODWHGWR | ||
LQHUWHGFRQWDLQPHQWRSHUDWLRQ | LQHUWHGFRQWDLQPHQWRSHUDWLRQ | ||
| Line 2,696: | Line 2,696: | ||
+DUG3LSH9HQW6 | +DUG3LSH9HQW6\VWHP | ||
7KH+DUG3LSH9HQW +39 6 | 7KH+DUG3LSH9HQW +39 6\VWHPUHGXFHVWKHYXOQHUDELOLW\RISULPDU\FRQWDLQPHQW | ||
WRVHYHUHDFFLGHQWFKDOOHQJHVZKLFKDUHEH | WRVHYHUHDFFLGHQWFKDOOHQJHVZKLFKDUHEH\RQGWKHDQDO\]HGGHVLJQEDVLVRIWKH | ||
SODQW7KH+39SURYLGHVDFRQWUROOHGUHOHDVHSDWKWRPDLQWDLQFRUHFRROLQJDQGWR | SODQW7KH+39SURYLGHVDFRQWUROOHGUHOHDVHSDWKWRPDLQWDLQFRUHFRROLQJDQGWR | ||
SUHYHQWWKHLUUHYHUVLEOHDQGXQSUHGLFWDEOHUXSWXUHRIWKHFRQWDLQPHQWZKLFKFRXOG | SUHYHQWWKHLUUHYHUVLEOHDQGXQSUHGLFWDEOHUXSWXUHRIWKHFRQWDLQPHQWZKLFKFRXOG | ||
RWKHUZLVHOHDGWRDODUJHUUHOHDVH7KH+39ZLOOEHXVHGLUUHVSHFWLYHRIWKHRIIVLWH | RWKHUZLVHOHDGWRDODUJHUUHOHDVH7KH+39ZLOOEHXVHGLUUHVSHFWLYHRIWKHRIIVLWH | ||
UDGLRDFWLYHUHOHDVHUDWHV KRZHYHUVFUXEELQJIURPWKHVXSSUHVVLRQSRROZLOO | UDGLRDFWLYHUHOHDVHUDWHV KRZHYHUVFUXEELQJIURPWKHVXSSUHVVLRQSRROZLOO | ||
PLQLPL]HWKHDPRXQWRIUDGLRDFWLYLW | PLQLPL]HWKHDPRXQWRIUDGLRDFWLYLW\UHOHDVHG | ||
7KH+39LVRODWLRQYDOYHVDUHFRQVLGHUHGPDQXDOYDOYHVVLQFHWKH | 7KH+39LVRODWLRQYDOYHVDUHFRQVLGHUHGPDQXDOYDOYHVVLQFHWKH\DUHORFNHGFORVHG | ||
DQGDUHQRWUHTXLUHGWREHRSHQHGIRUDQ | DQGDUHQRWUHTXLUHGWREHRSHQHGIRUDQ\GHVLJQEDVLVDFFLGHQW7RSUHFOXGHVHDW | ||
OHDNDJHSDVWWKHVHYDOYHVIURPEHLQJGLVFKDUJHGWKURXJKWKHYHQWOLQHGXULQJD | OHDNDJHSDVWWKHVHYDOYHVIURPEHLQJGLVFKDUJHGWKURXJKWKHYHQWOLQHGXULQJD | ||
GHVLJQEDVLVDFFLGHQWWKHV | GHVLJQEDVLVDFFLGHQWWKHV\VWHPLVHTXLSSHGZLWKDUXSWXUHGLVFGRZQVWUHDPRIWKH | ||
LVRODWLRQYDOYHV | LVRODWLRQYDOYHV | ||
5.2.4 | 5.2.4 | ||
,QVSHFWLRQDQG7HVWLQJ | ,QVSHFWLRQDQG7HVWLQJ | ||
$SURJUDPRIWHVWLQJWKHSULPDU | $SURJUDPRIWHVWLQJWKHSULPDU\FRQWDLQPHQWV\VWHPKDVEHHQGHYHORSHGZKLFK | ||
LQFOXGHVLQWHJUDWHGOHDNDJHUDWHWHVWVRISHQHWUDWLRQVDQGYDOYHVDQGRSHUDELOLW | LQFOXGHVLQWHJUDWHGOHDNDJHUDWHWHVWVRISHQHWUDWLRQVDQGYDOYHVDQGRSHUDELOLW\WHVWVRI | ||
LVRODWLRQYDOYHV | LVRODWLRQYDOYHV | ||
7KH15&E | 7KH15&E\5HIHUHQFH SURYLGHG163ZLWKDOLVWLQJRIDOOFODULILFDWLRQVWR&)5 | ||
3DUW$SSHQGL[-WKDWKDGEHHQLVVXHGDVRI-DQXDU | 3DUW$SSHQGL[-WKDWKDGEHHQLVVXHGDVRI-DQXDU\ | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW | ||
)ROORZLQJFRQVWUXFWLRQRIWKHSULPDU | )ROORZLQJFRQVWUXFWLRQRIWKHSULPDU\FRQWDLQPHQWLWZDVSUHVVXUHWHVWHGDW | ||
WLPHVGHVLJQSUHVVXUH3HQHWUDWLRQVZHUHVHDOHGZLWKZHOGHGHQGFDSV | WLPHVGHVLJQSUHVVXUH3HQHWUDWLRQVZHUHVHDOHGZLWKZHOGHGHQGFDSV | ||
)ROORZLQJWKHVWUHQJWKWHVWWKHFRQWDLQPHQWZDVWHVWHGIRUOHDNDJHUDWHDWGHVLJQ | )ROORZLQJWKHVWUHQJWKWHVWWKHFRQWDLQPHQWZDVWHVWHGIRUOHDNDJHUDWHDWGHVLJQ | ||
SUHVVXUH7KHFRQWDLQPHQWOHDNDJHUDWHZDVOHVVWKDQSHUGD | SUHVVXUH7KHFRQWDLQPHQWOHDNDJHUDWHZDVOHVVWKDQSHUGD\7KH | ||
VXSSUHVVLRQFKDPEHUZDVILOOHGWRGHVLJQRSHUDWLQJOHYHOZLWKZDWHUIRUWKLVWHVW | VXSSUHVVLRQFKDPEHUZDVILOOHGWRGHVLJQRSHUDWLQJOHYHOZLWKZDWHUIRUWKLVWHVW | ||
$IWHUFRPSOHWHLQVWDOODWLRQRIDOOSHQHWUDWLRQVDQLQWHJUDWHGOHDNUDWHWHVWRIWKH | $IWHUFRPSOHWHLQVWDOODWLRQRIDOOSHQHWUDWLRQVDQLQWHJUDWHGOHDNUDWHWHVWRIWKH | ||
SULPDU | SULPDU\FRQWDLQPHQWDQGDVVRFLDWHGSHQHWUDWLRQVZDVFRQGXFWHG | ||
$SHULRGLFLQWHJUDWHGSULPDU | $SHULRGLFLQWHJUDWHGSULPDU\FRQWDLQPHQWOHDNWHVWLVFRQGXFWHGLQDFFRUGDQFHZLWK | ||
WKHUHTXLUHPHQWVRI&)5$SSHQGL[-2SWLRQ%7KH7 | WKHUHTXLUHPHQWVRI&)5$SSHQGL[-2SWLRQ%7KH7\SH$WHVWPD\EH | ||
SHUIRUPHGLQDFFRUGDQFHZLWK%1723 5HIHUHQFH | SHUIRUPHGLQDFFRUGDQFHZLWK%1723 5HIHUHQFH | ||
&RQWDLQPHQW3HQHWUDWLRQV | &RQWDLQPHQW3HQHWUDWLRQV | ||
/HDNDJHUDWHWHVWVRISHQHWUDWLRQVDQGDFFHVVRSHQLQJVDUHFRQGXFWHGWRYHULI | /HDNDJHUDWHWHVWVRISHQHWUDWLRQVDQGDFFHVVRSHQLQJVDUHFRQGXFWHGWRYHULI\WKH | ||
FDSDELOLW | FDSDELOLW\RIWKHSHQHWUDWLRQVWRPDLQWDLQRYHUDOOFRQWDLQPHQWOHDNDJHZLWKLQ | ||
DFFHSWDEOHOLPLWV7HVWDEOHSHQHWUDWLRQVDUHWHVWHGLQDFFRUGDQFHZLWKWKH | DFFHSWDEOHOLPLWV7HVWDEOHSHQHWUDWLRQVDUHWHVWHGLQDFFRUGDQFHZLWKWKH | ||
UHTXLUHPHQWVRI&)5$SSHQGL[-2SWLRQ% | UHTXLUHPHQWVRI&)5$SSHQGL[-2SWLRQ% | ||
:KHQHYHUDGRXEOHJDVNHWHGSHQHWUDWLRQ SULPDU | :KHQHYHUDGRXEOHJDVNHWHGSHQHWUDWLRQ SULPDU\FRQWDLQPHQWKHDGDQGPDQZD\ | ||
HTXLSPHQWKDWFK&5'UHPRYDOKDWFKDQGWKHVXSSUHVVLRQFKDPEHUDFFHVV | HTXLSPHQWKDWFK&5'UHPRYDOKDWFKDQGWKHVXSSUHVVLRQFKDPEHUDFFHVV | ||
KDWFKHV LVEURNHQDQGUHPDGHWKHVSDFHEHWZHHQWKHJDVNHWVLVSUHVVXUL]HGWR | KDWFKHV LVEURNHQDQGUHPDGHWKHVSDFHEHWZHHQWKHJDVNHWVLVSUHVVXUL]HGWR | ||
GHWHUPLQHWKDWWKHVHDOVDUHSHUIRUPLQJSURSHUO | GHWHUPLQHWKDWWKHVHDOVDUHSHUIRUPLQJSURSHUO\7KHPLQLPXPWHVWSUHVVXUHRI | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 2,747: | Line 2,747: | ||
SVLJLVFRQVLVWHQWZLWKWKHDFFLGHQWDQDO | SVLJLVFRQVLVWHQWZLWKWKHDFFLGHQWDQDO\VHVDQGWKHPD[LPXPSUHRSHUDWLRQDO | ||
OHDNUDWHWHVWSUHVVXUH | OHDNUDWHWHVWSUHVVXUH | ||
7KHDLUORFNLVWHVWHGDIWHUSHULRGVZKHQWKHDLUORFNLVRSHQHGDQGFRQWDLQPHQW | 7KHDLUORFNLVWHVWHGDIWHUSHULRGVZKHQWKHDLUORFNLVRSHQHGDQGFRQWDLQPHQW | ||
LQWHJULW | LQWHJULW\LVQRWUHTXLUHGDQGDWLQWHUYDOVRIQRWPRUHWKDQPRQWKVDWDPLQLPXP | ||
SUHVVXUHRISVLJ | SUHVVXUHRISVLJ | ||
&RQWDLQPHQW,VRODWLRQ9DOYHV | &RQWDLQPHQW,VRODWLRQ9DOYHV | ||
7KHRSHUDEOHLVRODWLRQYDOYHVWKDWDUHSRZHURSHUDWHGDQGDXWRPDWLFDOO | 7KHRSHUDEOHLVRODWLRQYDOYHVWKDWDUHSRZHURSHUDWHGDQGDXWRPDWLFDOO\LQLWLDWHGDUH | ||
WHVWHGIRUVLPXODWHGDXWRPDWLFLQLWLDWLRQDQGFORVXUHWLPHV2SHUDWLRQRI | WHVWHGIRUVLPXODWHGDXWRPDWLFLQLWLDWLRQDQGFORVXUHWLPHV2SHUDWLRQRI | ||
QRUPDOO | QRUPDOO\RSHQSRZHURSHUDWHGYDOYHVDUHYHULILHGE\IXOO\FORVLQJDQGUHRSHQLQJ | ||
7KHIUHTXHQF | 7KHIUHTXHQF\DQGWLPHLQWHUYDOVDQGDFFHSWDQFHFULWHULDIRUWHVWLQJDUHDVVSHFLILHG | ||
LQWKH7HFKQLFDO6SHFLILFDWLRQVDQG7HFKQLFDO5HTXLUHPHQWV0DQXDO 750 ,Q | LQWKH7HFKQLFDO6SHFLILFDWLRQVDQG7HFKQLFDO5HTXLUHPHQWV0DQXDO 750 ,Q | ||
UHVSRQVHWRLVVXHVUDLVHGE | UHVSRQVHWRLVVXHVUDLVHGE\15&*HQHULF/HWWHU DQGYDULRXVVXSSOHPHQWV | ||
WKHUHWRDPRWRURSHUDWHGYDOYHSURJUDPKDVEHHQLPSOHPHQWHGWRHQVXUHWKDWDOO | WKHUHWRDPRWRURSHUDWHGYDOYHSURJUDPKDVEHHQLPSOHPHQWHGWRHQVXUHWKDWDOO | ||
VDIHW | VDIHW\UHODWHGPRWRURSHUDWHGYDOYHVDUHVHOHFWHGVHWDQGPDLQWDLQHGLQDPDQQHU | ||
WKDWZLOOHQVXUHRSHUDWLRQXQGHUGHVLJQEDVLVFRQGLWLRQV 5HIHUHQFHDQG | WKDWZLOOHQVXUHRSHUDWLRQXQGHUGHVLJQEDVLVFRQGLWLRQV 5HIHUHQFHDQG | ||
0DLQVWHDPLVRODWLRQYDOYHH[HUFLVHWHVWLQJFDQEHDFFRPSOLVKHGERWKGXULQJUHDFWRU | 0DLQVWHDPLVRODWLRQYDOYHH[HUFLVHWHVWLQJFDQEHDFFRPSOLVKHGERWKGXULQJUHDFWRU | ||
RSHUDWLRQDQGGXULQJVKXWGRZQV)XQFWLRQDOSHUIRUPDQFHDQGOHDNDJHWHVWVPXVWEH | RSHUDWLRQDQGGXULQJVKXWGRZQV)XQFWLRQDOSHUIRUPDQFHDQGOHDNDJHWHVWVPXVWEH | ||
SHUIRUPHGGXULQJUHDFWRUVKXWGRZQVZKHQDFFHVVWRWKHDUHDRIWKHYDOYHVLV | SHUIRUPHGGXULQJUHDFWRUVKXWGRZQVZKHQDFFHVVWRWKHDUHDRIWKHYDOYHVLV | ||
SHUPLWWHG,QVHUYLFHH[HUFLVLQJLVXVHGWRGHPRQVWUDWHRSHUDELOLW | SHUPLWWHG,QVHUYLFHH[HUFLVLQJLVXVHGWRGHPRQVWUDWHRSHUDELOLW\DQGWRFKHFN | ||
FORVXUHWLPHV7KHVHYDOYHVPD | FORVXUHWLPHV7KHVHYDOYHVPD\EHWHVWHGDQGH[HUFLVHGLQGLYLGXDOO\WRWKH | ||
RSHQSRVLWLRQ,WLVQRWQHFHVVDU | RSHQSRVLWLRQ,WLVQRWQHFHVVDU\WRUHGXFHUHDFWRUSRZHUEHFDXVHWKHYDOYHVVWLOO | ||
SDVVUDWHGVWHDPIORZZKHQ RSHQ7HVWEXWWRQVDUHSURYLGHGLQWKHFRQWUROURRP | SDVVUDWHGVWHDPIORZZKHQ RSHQ7HVWEXWWRQVDUHSURYLGHGLQWKHFRQWUROURRP | ||
WRSHUIRUPWKLVWHVW5HOHDVHRIWKHEXWWRQUHWXUQVWKHYDOYHWRIXOORSHQ7KH | WRSHUIRUPWKLVWHVW5HOHDVHRIWKHEXWWRQUHWXUQVWKHYDOYHWRIXOORSHQ7KH\PD\EH | ||
WHVWHGDQGH[HUFLVHGLQGLYLGXDOO | WHVWHGDQGH[HUFLVHGLQGLYLGXDOO\WRWKHIXOO\FORVHGSRVLWLRQ:LWKWKHUHDFWRUSRZHU | ||
UHGXFHGWR0:WWKHYDOYHVFDQEHIXOO | UHGXFHGWR0:WWKHYDOYHVFDQEHIXOO\FORVHGRQHDWDWLPHWRFKHFNRSHUDWLRQ | ||
DQGRSHUDWLQJWLPH6KXWGRZQWHVWVLQFOXGHDFWXDWLRQDQGFORVXUHWLPHWHVWVWR | DQGRSHUDWLQJWLPH6KXWGRZQWHVWVLQFOXGHDFWXDWLRQDQGFORVXUHWLPHWHVWVWR | ||
DVVXUHWKDWWKHYDOYHVRSHUDWHSURSHUO | DVVXUHWKDWWKHYDOYHVRSHUDWHSURSHUO\WKDWWKHVHQVRUVDUHVHWFRUUHFWO\DQGFDXVH | ||
WKHSURSHUDFWXDWLRQWKDWWKHUHVSRQVHVSHHGLVFRUUHFWDQGWKDWWKHIDLOVDIH | WKHSURSHUDFWXDWLRQWKDWWKHUHVSRQVHVSHHGLVFRUUHFWDQGWKDWWKHIDLOVDIH | ||
IHDWXUHVDUHRSHUDEOH | IHDWXUHVDUHRSHUDEOH | ||
9DOYHVLQOLQHVSHQHWUDWLQJFRQWDLQPHQWDUHJLYHQ7 | 9DOYHVLQOLQHVSHQHWUDWLQJFRQWDLQPHQWDUHJLYHQ7\SH&ORFDOOHDNDJHWHVWVLQ | ||
DFFRUGDQFHZLWKWKHUHTXLUHPHQWVRI$SSHQGL[-ZKHUHSODQWGHVLJQSHUPLWVVXFK | DFFRUGDQFHZLWKWKHUHTXLUHPHQWVRI$SSHQGL[-ZKHUHSODQWGHVLJQSHUPLWVVXFK | ||
WHVWLQJWREHSHUIRUPHG0RGLILFDWLRQVWRSHUPLWSURSHUWHVWLQJRIYDOYHVZKHUH | WHVWLQJWREHSHUIRUPHG0RGLILFDWLRQVWRSHUPLWSURSHUWHVWLQJRIYDOYHVZKHUH | ||
WHVWLQJGLGQRWFRQIRUPWR$SSHQGL[-KDYHEHHQPDGH,QDGGLWLRQWKH&RPPLVVLRQ | WHVWLQJGLGQRWFRQIRUPWR$SSHQGL[-KDYHEHHQPDGH,QDGGLWLRQWKH&RPPLVVLRQ | ||
KDVJUDQWHGDVSHFLILFH[HPSWLRQIURPWKHUHTXLUHPHQWWRSHUIRUP7 | KDVJUDQWHGDVSHFLILFH[HPSWLRQIURPWKHUHTXLUHPHQWWRSHUIRUP7\SH&WHVWLQJIRU | ||
DQXPEHURIYDOYHV 5HIHUHQFH 7KHVHYDOYHVDUH | DQXPEHURIYDOYHV 5HIHUHQFH 7KHVHYDOYHVDUH | ||
7RUXV6SUD | 7RUXV6SUD\/LQH | ||
0202 | 0202 | ||
'U | 'U\ZHOO6SUD\/LQH | ||
0202 | 0202 | ||
7RUXV5HFLUFXODWLRQ/LQH | 7RUXV5HFLUFXODWLRQ/LQH | ||
0202 | 0202 | ||
6XEVHTXHQWDQDO | 6XEVHTXHQWDQDO\VLVGHWHUPLQHGWKDW5+5V\VWHPSUHVVXUHPD\QRWEHVXIILFLHQWWRHQVXUHWKHZDWHUVHDOWKDW | ||
ZDVWKHEDVLVIRUWKH15&DSSURYHGWHVWLQJH[HPSWLRQIRU02DQG02$VLQGLFDWHGLQ7DEOHD | ZDVWKHEDVLVIRUWKH15&DSSURYHGWHVWLQJH[HPSWLRQIRU02DQG02$VLQGLFDWHGLQ7DEOHD | ||
7 | 7\SH&DSSHQGL[-WHVWLQJLVSHUIRUPHGRQWKHVHYDOYHV | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 2,802: | Line 2,802: | ||
,QVWUXPHQWOLQHVSHQHWUDWLQJFRQWDLQPHQWFRQQHFWHGWRWKHUHDFWRUFRRODQWV | ,QVWUXPHQWOLQHVSHQHWUDWLQJFRQWDLQPHQWFRQQHFWHGWRWKHUHDFWRUFRRODQWV\VWHP | ||
DUHSURYLGHGZLWKH[FHVVIORZFKHFNYDOYHVZKLFKOLPLWWKHIORZIURPDEURNHQOLQH | DUHSURYLGHGZLWKH[FHVVIORZFKHFNYDOYHVZKLFKOLPLWWKHIORZIURPDEURNHQOLQH | ||
RXWVLGHFRQWDLQPHQW7KHVHYDOYHVDUHIXQFWLRQDOO | RXWVLGHFRQWDLQPHQW7KHVHYDOYHVDUHIXQFWLRQDOO\WHVWHGHDFKUHIXHOLQJRXWDJH | ||
,QVWUXPHQWOLQHVQRWHTXLSSHGZLWKWKHVHH[FHVVIORZFKHFNYDOYHVDUHFRQQHFWHGWR | ,QVWUXPHQWOLQHVQRWHTXLSSHGZLWKWKHVHH[FHVVIORZFKHFNYDOYHVDUHFRQQHFWHGWR | ||
VHDOHGWUDQVGXFHUVDQGGHVLJQHGWRZLWKVWDQGWKHVWUHVVHVRIDORVVRIFRRODQW | VHDOHGWUDQVGXFHUVDQGGHVLJQHGWRZLWKVWDQGWKHVWUHVVHVRIDORVVRIFRRODQW | ||
DFFLGHQW7KHVHOLQHVDUHWHVWHGGXULQJWKHFRQWDLQPHQW7 | DFFLGHQW7KHVHOLQHVDUHWHVWHGGXULQJWKHFRQWDLQPHQW7\SH$LQWHJUDWHGOHDNUDWH | ||
WHVW 5HIHUHQFH | WHVW 5HIHUHQFH | ||
%RWKWKHLQERDUGDQGRXWERDUG0DLQ6WHDP,VRODWLRQ9DOYHV 06,9V PD | %RWKWKHLQERDUGDQGRXWERDUG0DLQ6WHDP,VRODWLRQ9DOYHV 06,9V PD\EHWHVWHG | ||
E | E\SUHVVXUL]LQJEHWZHHQWKHYDOYHVDWSVLJDQGWKHWRWDOREVHUYHGOHDNDJHWKURXJK | ||
ERWKYDOYHV LQERDUGDQGRXWERDUG LVWKHQFRQVHUYDWLYHO | ERWKYDOYHV LQERDUGDQGRXWERDUG LVWKHQFRQVHUYDWLYHO\DVVLJQHGWRWKH | ||
SHQHWUDWLRQ$OWHUQDWLYHO | SHQHWUDWLRQ$OWHUQDWLYHO\WKHLQERDUGYDOYHVFDQEHWHVWHGE\SUHVVXUL]LQJWKH | ||
XSVWUHDPVLGHRIWKHYDOYHVWR3DDQGWKHRXWERDUGYDOYHVPD | XSVWUHDPVLGHRIWKHYDOYHVWR3DDQGWKHRXWERDUGYDOYHVPD\EHWHVWHGE\ | ||
SUHVVXUL]LQJEHWZHHQWKHYDOYHVWR3DZKLOHPDLQWDLQLQJDEORFNSUHVVXUHRQWKH | SUHVVXUL]LQJEHWZHHQWKHYDOYHVWR3DZKLOHPDLQWDLQLQJDEORFNSUHVVXUHRQWKH | ||
LQERDUGYDOYHVWRSUHYHQWOLIWLQJRIWKHLQERDUGYDOYHV7KHLQERDUG06,9VDUHDQJOHG | LQERDUGYDOYHVWRSUHYHQWOLIWLQJRIWKHLQERDUGYDOYHV7KHLQERDUG06,9VDUHDQJOHG | ||
LQWKHPDLQVWHDPOLQHVLQWKHGLUHFWLRQRIIORZWRDIIRUGEHWWHUVHDOLQJXSRQFORVXUH | LQWKHPDLQVWHDPOLQHVLQWKHGLUHFWLRQRIIORZWRDIIRUGEHWWHUVHDOLQJXSRQFORVXUH | ||
7 | 7\SH&WHVWLQJRIWKHVHYDOYHVDWDUHGXFHGSUHVVXUHRISVLJKDVEHHQDSSURYHG | ||
E | E\WKH&RPPLVVLRQ 5HIHUHQFH ZKHQSUHVVXUL]LQJEHWZHHQWKHYDOYHV7KH0DLQ | ||
6WHDP3DWKZD | 6WHDP3DWKZD\ PDLQVWHDPOLQHVDQGPDLQVWHDPOLQHGUDLQV OHDNDJHLVH[FOXGHG | ||
IURPWKHVXPRIWKHOHDNDJHUDWHVRI7 | IURPWKHVXPRIWKHOHDNDJHUDWHVRI7\SH%DQG&WHVWVDQGIURPWKHRYHUDOO | ||
LQWHJUDWHGOHDNDJHUDWHIURP7 | LQWHJUDWHGOHDNDJHUDWHIURP7\SH$WHVWV 5HIHUHQFH | ||
,QJHQHUDOYDOYHVLQOLQHVZKLFKWHUPLQDWHEHORZWKHVXUIDFHRIWKHVXSSUHVVLRQSRRO | ,QJHQHUDOYDOYHVLQOLQHVZKLFKWHUPLQDWHEHORZWKHVXUIDFHRIWKHVXSSUHVVLRQSRRO | ||
GRQRWUHTXLUH$SSHQGL[-WHVWLQJ6LQFHWKHVXSSUHVVLRQSRROSURYLGHVDQHIIHFWLYH | GRQRWUHTXLUH$SSHQGL[-WHVWLQJ6LQFHWKHVXSSUHVVLRQSRROSURYLGHVDQHIIHFWLYH | ||
ZDWHUVHDOWKHVHYDOYHVDUHQRWUHOLHGXSRQWRSHUIRUPDFRQWDLQPHQWLVRODWLRQ | ZDWHUVHDOWKHVHYDOYHVDUHQRWUHOLHGXSRQWRSHUIRUPDFRQWDLQPHQWLVRODWLRQ | ||
IXQFWLRQ 5HIHUHQFH 7KHYDOYHVLQWKHVHOLQHVDUHE | IXQFWLRQ 5HIHUHQFH 7KHYDOYHVLQWKHVHOLQHVDUHE\GHILQLWLRQ3&,9VDQGDUH | ||
LQFOXGHGLQ7DEOHD7KHYDOYHVPD | LQFOXGHGLQ7DEOHD7KHYDOYHVPD\KDYHVDIHW\IXQFWLRQVLQWKH2SHQDQGRU | ||
&ORVHGSRVLWLRQWRVXSSRUWRWKHU6 | &ORVHGSRVLWLRQWRVXSSRUWRWKHU6\VWHPVIXQFWLRQV | ||
7KHLQQHUDLUORFNHTXDOL]LQJYDOYHLV7 | 7KHLQQHUDLUORFNHTXDOL]LQJYDOYHLV7\SH&WHVWHGLQGLYLGXDOO\7KHRXWHUDLUORFN | ||
HTXDOL]LQJYDOYHLVWHVWHGGXULQJWKH7 | HTXDOL]LQJYDOYHLVWHVWHGGXULQJWKH7\SH%RYHUDOODLUORFNOHDNUDWHWHVW | ||
&RQWDLQPHQW9HQWLODWLRQ6 | &RQWDLQPHQW9HQWLODWLRQ6\VWHP | ||
7KHGU | 7KHGU\ZHOOFRROHUV ZDWHUFRROHGKHDWH[FKDQJHUIDQXQLWV DUHFKHFNHGDWHDFK | ||
PDMRURXWDJH6XUYHLOODQFHWHVWLQJLQFOXGHVPRQLWRULQJIDQDQGGDPSHUSHUIRUPDQFH | PDMRURXWDJH6XUYHLOODQFHWHVWLQJLQFOXGHVPRQLWRULQJIDQDQGGDPSHUSHUIRUPDQFH | ||
GXULQJWKHYDULRXVFRROLQJPRGHVRIRSHUDWLRQ'XULQJQRUPDOUHDFWRURSHUDWLRQWKH | GXULQJWKHYDULRXVFRROLQJPRGHVRIRSHUDWLRQ'XULQJQRUPDOUHDFWRURSHUDWLRQWKH | ||
WHPSHUDWXUHLQGLFDWRUVLQWKHGU | WHPSHUDWXUHLQGLFDWRUVLQWKHGU\ZHOOPRQLWRUWKHHIIHFWLYHQHVVRIWKHFRROHUV | ||
/HDNDJHLQWRWKHGU | /HDNDJHLQWRWKHGU\ZHOOLVPRQLWRUHGRQDFRQWLQXRXVEDVLV6KRXOGDOHDNGHYHORS | ||
LQWKHGU | LQWKHGU\ZHOOFRROHUVLWZRXOGVKRZXSDVDQLQFUHDVHLQGU\ZHOOXQLGHQWLILHGOHDNDJH | ||
FRQFXUUHQWZLWKDORVVRILQYHQWRU | FRQFXUUHQWZLWKDORVVRILQYHQWRU\IURPWKH5HDFWRU%XLOGLQJ&ORVHG&RROLQJ:DWHU | ||
V | V\VWHP | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO | ||
,QVWUXPHQWDWLRQLVSURYLGHGLQWKHGHVLJQWRHQDEOHDQDO | ,QVWUXPHQWDWLRQLVSURYLGHGLQWKHGHVLJQWRHQDEOHDQDO\VLVRIWKHFRQFHQWUDWLRQRI | ||
R[ | R[\JHQLQWKHSULPDU\FRQWDLQPHQW$VDPSOHSRLQWIURPWKHFHQWUDOGU\ZHOODUHDDQG | ||
RQHIURPWKHWRUXVDUHXVHGWRREWDLQVDPSOHVRIWKHSULPDU | RQHIURPWKHWRUXVDUHXVHGWRREWDLQVDPSOHVRIWKHSULPDU\FRQWDLQPHQW | ||
DWPRVSKHUHGXULQJSODQWRSHUDWLRQ'U | DWPRVSKHUHGXULQJSODQWRSHUDWLRQ'U\ZHOOIDQVFRQWLQXRXVO\PL[DQGFLUFXODWHWKH | ||
GU | GU\ZHOODWPRVSKHUHDVVXULQJWKDWWKHGU\ZHOOVDPSOHLVUHSUHVHQWDWLYHRIWKHR[\JHQ | ||
FRQFHQWUDWLRQYDOXH7KHR[ | FRQFHQWUDWLRQYDOXH7KHR[\JHQDQDO\]HULVORFDWHGRXWVLGHWKHGU\ZHOO | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 2,857: | Line 2,857: | ||
7DEOH 3ULQFLSDO'HVLJQ3DUDPHWHUVRI3ULPDU | 7DEOH 3ULQFLSDO'HVLJQ3DUDPHWHUVRI3ULPDU\&RQWDLQPHQW | ||
3DJHRI | 3DJHRI | ||
*(1(5$/ | *(1(5$/ | ||
| Line 2,869: | Line 2,869: | ||
$60(&RGH6HFWLRQ,,,&ODVV% (GLWLRQ | $60(&RGH6HFWLRQ,,,&ODVV% (GLWLRQ | ||
'5<:(// | '5<:(// | ||
& | &\OLQGULFDOVHFWLRQGLDPHWHU | ||
IW | IW | ||
6SKHULFDOVHFWLRQGLDPHWHU | 6SKHULFDOVHFWLRQGLDPHWHU | ||
IWLQVLGHGLDPHWHU | IWLQVLGHGLDPHWHU | ||
'U | 'U\ZHOORYHUDOOKHLJKW | ||
IWLQ | IWLQ | ||
)UHHDLUYROXPH | )UHHDLUYROXPH | ||
| Line 2,884: | Line 2,884: | ||
6SKHULFDOVKHOOWRF | 6SKHULFDOVKHOOWRF\OLQGHU | ||
LQ | LQ | ||
| Line 2,891: | Line 2,891: | ||
& | &\OLQGULFDOQHFN | ||
9DULHVLQWRLQ | 9DULHVLQWRLQ | ||
| Line 2,958: | Line 2,958: | ||
7DEOH3ULQFLSDO'HVLJQ3DUDPHWHUVRI3ULPDU | 7DEOH3ULQFLSDO'HVLJQ3DUDPHWHUVRI3ULPDU\&RQWDLQPHQW | ||
3DJHRI | 3DJHRI | ||
9$&880%5($.(56 | 9$&880%5($.(56 | ||
6XSSUHVVLRQFKDPEHUWRGU | 6XSSUHVVLRQFKDPEHUWRGU\ZHOO | ||
| Line 2,997: | Line 2,997: | ||
SVLG | SVLG | ||
,1(57,1*6<67(0 | ,1(57,1*6<67(0 | ||
2[ | 2[\JHQLQ3ULPDU\&RQWDLQPHQW | ||
ZKHQ,QHUWHGE | ZKHQ,QHUWHGE\9ROXPH | ||
1UHTXLUHGIRU,QLWLDO3XUJH | 1UHTXLUHGIRU,QLWLDO3XUJH | ||
| Line 3,020: | Line 3,020: | ||
'U | 'U\ZHOO | ||
SVLJ#) | SVLJ#) | ||
| Line 3,049: | Line 3,049: | ||
FRQGLWLRQVOLVWHGEHORZ | FRQGLWLRQVOLVWHGEHORZ | ||
,QVLGH3ULPDU | ,QVLGH3ULPDU\ | ||
2XWVLGH3ULPDU | 2XWVLGH3ULPDU\ | ||
3DUDPHWHU | 3DUDPHWHU | ||
&RQWDLQPHQW | &RQWDLQPHQW | ||
| Line 3,060: | Line 3,060: | ||
WRSVLJ | WRSVLJ | ||
SVLJ | SVLJ | ||
5HODWLYH+XPLGLW | 5HODWLYH+XPLGLW\ | ||
| Line 3,067: | Line 3,067: | ||
5K | 5K | ||
VKLHOGLQJ | VKLHOGLQJ | ||
0D[LPXP(PHUJHQF | 0D[LPXP(PHUJHQF\(QYLURQPHQW(DFKSHQHWUDWLRQDVVHPEO\LVFDSDEOHRIPDLQWDLQLQJ | ||
FRQWDLQPHQWLQWHJULW | FRQWDLQPHQWLQWHJULW\ZKHQVXEMHFWHGWRWKHHQYLURQPHQWDOFRQGLWLRQVOLVWHGEHORZ7KH | ||
FDQLVWHUOHDNUDWHGRHVQRWH[FHHGVWDQGDUGFXELFFHQWLPHWHUVKRXULQFKSHQHWUDWLRQ | FDQLVWHUOHDNUDWHGRHVQRWH[FHHGVWDQGDUGFXELFFHQWLPHWHUVKRXULQFKSHQHWUDWLRQ | ||
3DUDPHWHU | 3DUDPHWHU | ||
,QVLGH3ULPDU | ,QVLGH3ULPDU\&RQWDLQPHQW | ||
7HPSHUDWXUH | 7HPSHUDWXUH | ||
| Line 3,082: | Line 3,082: | ||
SVLJ | SVLJ | ||
5HODWLYH+XPLGLW | 5HODWLYH+XPLGLW\ | ||
5+ | 5+ | ||
| Line 3,125: | Line 3,125: | ||
287(5%$55,(5 | 287(5%$55,(5 | ||
'HVLJQDWLRQ 'HVFULSWLRQ | 'HVLJQDWLRQ 'HVFULSWLRQ | ||
-7 | -7\SH7HVW | ||
'HVLJQDWLRQ | 'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH'HVLJQDWLRQ | 7HVWDEOH'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH | 7HVWDEOH | ||
| Line 3,237: | Line 3,237: | ||
'U | 'U\ZHOO+HDG | ||
% | % | ||
| Line 3,315: | Line 3,315: | ||
287(5%$55,(5 | 287(5%$55,(5 | ||
'HVLJQDWLRQ 'HVFULSWLRQ | 'HVLJQDWLRQ 'HVFULSWLRQ | ||
-7 | -7\SH7HVW | ||
'HVLJQDWLRQ | 'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH'HVLJQDWLRQ | 7HVWDEOH'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH | 7HVWDEOH | ||
;$+ | ;$+ | ||
'U | 'U\ZHOO7RUXV9HQW | ||
121( 1RWH | 121( 1RWH | ||
| Line 3,352: | Line 3,352: | ||
3ULPDU | 3ULPDU\6WHDP/LQH$ | ||
& 1RWHV $2$ | & 1RWHV $2$ | ||
| Line 3,369: | Line 3,369: | ||
3ULPDU | 3ULPDU\6WHDP/LQH% | ||
& 1RWHV $2% | & 1RWHV $2% | ||
| Line 3,386: | Line 3,386: | ||
3ULPDU | 3ULPDU\6WHDP/LQH& | ||
& 1RWHV $2& | & 1RWHV $2& | ||
| Line 3,403: | Line 3,403: | ||
3ULPDU | 3ULPDU\6WHDP/LQH' | ||
& 1RWHV $2' | & 1RWHV $2' | ||
| Line 3,420: | Line 3,420: | ||
3ULPDU | 3ULPDU\6WHDP'UDLQ | ||
& 1RWH | & 1RWH | ||
02 | 02 | ||
| Line 3,514: | Line 3,514: | ||
5+56XSSO | 5+56XSSO\ | ||
& | & | ||
02 | 02 | ||
| Line 3,542: | Line 3,542: | ||
287(5%$55,(5 | 287(5%$55,(5 | ||
'HVLJQDWLRQ 'HVFULSWLRQ | 'HVLJQDWLRQ 'HVFULSWLRQ | ||
-7 | -7\SH7HVW | ||
'HVLJQDWLRQ | 'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH'HVLJQDWLRQ | 7HVWDEOH'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH | 7HVWDEOH | ||
;$ | ;$ | ||
| Line 3,625: | Line 3,625: | ||
5:&86XSSO | 5:&86XSSO\ | ||
& | & | ||
02 | 02 | ||
| Line 3,653: | Line 3,653: | ||
&RUH6SUD | &RUH6SUD\% | ||
& | & | ||
| Line 3,682: | Line 3,682: | ||
&RUH6SUD | &RUH6SUD\$ | ||
& | & | ||
| Line 3,745: | Line 3,745: | ||
<HV | <HV | ||
; | ; | ||
'HPLQ:DWHU6XSSO | 'HPLQ:DWHU6XSSO\ | ||
& 1RWH | & 1RWH | ||
| Line 3,764: | Line 3,764: | ||
<HV | <HV | ||
; | ; | ||
6HUYLFH$LU6XSSO | 6HUYLFH$LU6XSSO\ | ||
& 1RWH | & 1RWH | ||
| Line 3,802: | Line 3,802: | ||
287(5%$55,(5 | 287(5%$55,(5 | ||
'HVLJQDWLRQ 'HVFULSWLRQ | 'HVLJQDWLRQ 'HVFULSWLRQ | ||
-7 | -7\SH7HVW | ||
'HVLJQDWLRQ | 'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH'HVLJQDWLRQ | 7HVWDEOH'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH | 7HVWDEOH | ||
; | ; | ||
| Line 3,828: | Line 3,828: | ||
<HV | <HV | ||
; | ; | ||
5%&&:WR'U | 5%&&:WR'U\ZHOO | ||
& | & | ||
| Line 3,847: | Line 3,847: | ||
<HV | <HV | ||
; | ; | ||
5%&&:IURP'U | 5%&&:IURP'U\ZHOO | ||
& | & | ||
| Line 3,866: | Line 3,866: | ||
<HV | <HV | ||
; | ; | ||
'U | 'U\ZHOO9HQWLODWLRQ | ||
& | & | ||
| Line 3,893: | Line 3,893: | ||
<HV | <HV | ||
; | ; | ||
'U | 'U\ZHOO9HQWLODWLRQ | ||
& | & | ||
| Line 3,902: | Line 3,902: | ||
6XSSO | 6XSSO\ | ||
| Line 3,937: | Line 3,937: | ||
;' | ;' | ||
'U | 'U\ZHOOWR&$0 | ||
& | & | ||
| Line 3,946: | Line 3,946: | ||
$QDO | $QDO\]HU% 6XSSO\ | ||
| Line 3,963: | Line 3,963: | ||
/LQH 'U | /LQH 'U\ZHOO | ||
| Line 3,989: | Line 3,989: | ||
<HV | <HV | ||
;) | ;) | ||
'U | 'U\ZHOOWR&$0 | ||
& | & | ||
| Line 3,998: | Line 3,998: | ||
$QDO | $QDO\]HU$ 6XSSO\ | ||
| Line 4,044: | Line 4,044: | ||
287(5%$55,(5 | 287(5%$55,(5 | ||
'HVLJQDWLRQ 'HVFULSWLRQ | 'HVLJQDWLRQ 'HVFULSWLRQ | ||
-7 | -7\SH7HVW | ||
'HVLJQDWLRQ | 'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH'HVLJQDWLRQ | 7HVWDEOH'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH | 7HVWDEOH | ||
; $ | ; $ | ||
| Line 4,129: | Line 4,129: | ||
'() | '() | ||
;& | ;& | ||
'U | 'U\ZHOO)ORRG | ||
$ 1RWH | $ 1RWH | ||
| Line 4,159: | Line 4,159: | ||
6XSSO | 6XSSO\ | ||
| Line 4,222: | Line 4,222: | ||
287(5%$55,(5 | 287(5%$55,(5 | ||
'HVLJQDWLRQ 'HVFULSWLRQ | 'HVLJQDWLRQ 'HVFULSWLRQ | ||
-7 | -7\SH7HVW | ||
'HVLJQDWLRQ | 'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH'HVLJQDWLRQ | 7HVWDEOH'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH | 7HVWDEOH | ||
;' | ;' | ||
| Line 4,248: | Line 4,248: | ||
7,33XUJH6XSSO | 7,33XUJH6XSSO\ | ||
& | & | ||
| Line 4,327: | Line 4,327: | ||
; $ | ; $ | ||
'U | 'U\ZHOO6SUD\% | ||
& | & | ||
| Line 4,346: | Line 4,346: | ||
<HV | <HV | ||
; % | ; % | ||
'U | 'U\ZHOO6SUD\$ | ||
& | & | ||
| Line 4,384: | Line 4,384: | ||
<HV | <HV | ||
; | ; | ||
6WDQGE | 6WDQGE\/LTXLG&RQWURO | ||
& | & | ||
;3 | ;3 | ||
| Line 4,421: | Line 4,421: | ||
287(5%$55,(5 | 287(5%$55,(5 | ||
'HVLJQDWLRQ 'HVFULSWLRQ | 'HVLJQDWLRQ 'HVFULSWLRQ | ||
-7 | -7\SH7HVW | ||
'HVLJQDWLRQ | 'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH'HVLJQDWLRQ | 7HVWDEOH'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH | 7HVWDEOH | ||
; | ; | ||
| Line 4,581: | Line 4,581: | ||
287(5%$55,(5 | 287(5%$55,(5 | ||
'HVLJQDWLRQ 'HVFULSWLRQ | 'HVLJQDWLRQ 'HVFULSWLRQ | ||
-7 | -7\SH7HVW | ||
'HVLJQDWLRQ | 'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH'HVLJQDWLRQ | 7HVWDEOH'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH | 7HVWDEOH | ||
; | ; | ||
| Line 4,647: | Line 4,647: | ||
6XSSO | 6XSSO\ | ||
| Line 4,768: | Line 4,768: | ||
287(5%$55,(5 | 287(5%$55,(5 | ||
'HVLJQDWLRQ 'HVFULSWLRQ | 'HVLJQDWLRQ 'HVFULSWLRQ | ||
-7 | -7\SH7HVW | ||
'HVLJQDWLRQ | 'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH'HVLJQDWLRQ | 7HVWDEOH'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH | 7HVWDEOH | ||
;$% | ;$% | ||
'U | 'U\ZHOO7RUXV | ||
121( 1RWH | 121( 1RWH | ||
| Line 4,917: | Line 4,917: | ||
287(5%$55,(5 | 287(5%$55,(5 | ||
'HVLJQDWLRQ 'HVFULSWLRQ | 'HVLJQDWLRQ 'HVFULSWLRQ | ||
-7 | -7\SH7HVW | ||
'HVLJQDWLRQ | 'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH'HVLJQDWLRQ | 7HVWDEOH'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH | 7HVWDEOH | ||
;$ | ;$ | ||
5+5DQG&RUH6SUD | 5+5DQG&RUH6SUD\% | ||
121( 1RWH | 121( 1RWH | ||
| Line 4,970: | Line 4,970: | ||
;% | ;% | ||
5+5DQG&RUH6SUD | 5+5DQG&RUH6SUD\ | ||
121( 1RWH | 121( 1RWH | ||
| Line 5,016: | Line 5,016: | ||
;$ | ;$ | ||
5+5%7RUXV6SUD | 5+5%7RUXV6SUD\ | ||
121( 1RWH | 121( 1RWH | ||
| Line 5,041: | Line 5,041: | ||
<HV | <HV | ||
;% | ;% | ||
5+5$7RUXV6SUD | 5+5$7RUXV6SUD\ | ||
121( 1RWH | 121( 1RWH | ||
| Line 5,095: | Line 5,095: | ||
'UDLQV | 'UDLQV | ||
; | ; | ||
&$0$QDO | &$0$QDO\]HU$WR | ||
& | & | ||
| Line 5,113: | Line 5,113: | ||
&$0$QDO | &$0$QDO\]HU%WR | ||
& | & | ||
| Line 5,131: | Line 5,131: | ||
2[ | 2[\JHQ$QDO\]HUWR | ||
& | & | ||
| Line 5,169: | Line 5,169: | ||
287(5%$55,(5 | 287(5%$55,(5 | ||
'HVLJQDWLRQ 'HVFULSWLRQ | 'HVLJQDWLRQ 'HVFULSWLRQ | ||
-7 | -7\SH7HVW | ||
'HVLJQDWLRQ | 'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH'HVLJQDWLRQ | 7HVWDEOH'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH | 7HVWDEOH | ||
; | ; | ||
| Line 5,185: | Line 5,185: | ||
$QDO | $QDO\]HU$ 6XSSO\ | ||
| Line 5,239: | Line 5,239: | ||
9HQWLODWLRQ6XSSO | 9HQWLODWLRQ6XSSO\ | ||
| Line 5,323: | Line 5,323: | ||
$QDO | $QDO\]HU% 6XSSO\ | ||
| Line 5,388: | Line 5,388: | ||
287(5%$55,(5 | 287(5%$55,(5 | ||
'HVLJQDWLRQ 'HVFULSWLRQ | 'HVLJQDWLRQ 'HVFULSWLRQ | ||
-7 | -7\SH7HVW | ||
'HVLJQDWLRQ | 'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH'HVLJQDWLRQ | 7HVWDEOH'HVLJQDWLRQ | ||
7 | 7\SH | ||
7HVWDEOH | 7HVWDEOH | ||
; | ; | ||
| Line 5,465: | Line 5,465: | ||
;$ | ;$ | ||
&RUH6SUD | &RUH6SUD\%6XFWLRQ | ||
121( 1RWH | 121( 1RWH | ||
| Line 5,473: | Line 5,473: | ||
;% | ;% | ||
&RUH6SUD | &RUH6SUD\$6XFWLRQ | ||
121( 1RWH | 121( 1RWH | ||
| Line 5,498: | Line 5,498: | ||
; | ; | ||
,QFOXGHGWRUHWDLQQXPHULFDOVHTXHQFHRQO | ,QFOXGHGWRUHWDLQQXPHULFDOVHTXHQFHRQO\1RSHQHWUDWLRQ | ||
; $ | ; $ | ||
6SDUH3HQHWUDWLRQV | 6SDUH3HQHWUDWLRQV | ||
| Line 5,587: | Line 5,587: | ||
3DJHRI | 3DJHRI | ||
'XULQJUHIXHOLQJRXWDJHV06,9VPD | 'XULQJUHIXHOLQJRXWDJHV06,9VPD\EHWHVWHGE\SUHVVXUL]DWLRQEHWZHHQYDOYHV | ||
6LQFHWHVWSUHVVXUHWHQGVWRXQVHDWWKHLQERDUGYDOYHDORZHUWHVWSUHVVXUHWKDQ3D | 6LQFHWHVWSUHVVXUHWHQGVWRXQVHDWWKHLQERDUGYDOYHDORZHUWHVWSUHVVXUHWKDQ3D | ||
KDVEHHQDSSURYHGE | KDVEHHQDSSURYHGE\WKH15& 5HIHUHQFH $OWHUQDWLYHO\WKHLQERDUGYDOYH | ||
PD | PD\EHSUHVVXUL]HGRQWKHUHDFWRUVLGHIRUH[FOXVLYHWHVWLQJRIWKDWYDOYHDQGWRKHOS | ||
VHDWWKHYDOYHIRUVXEVHTXHQWRXWERDUGYDOYHWHVWLQJZLWKSUHVVXUL]DWLRQEHWZHHQ | VHDWWKHYDOYHIRUVXEVHTXHQWRXWERDUGYDOYHWHVWLQJZLWKSUHVVXUL]DWLRQEHWZHHQ | ||
WKHYDOYHV | WKHYDOYHV | ||
,VRODWLRQLVDFFRPSOLVKHGXVLQJPDQXDOYDOYHVLQWKHFRQWDLQPHQWVXSSO | ,VRODWLRQLVDFFRPSOLVKHGXVLQJPDQXDOYDOYHVLQWKHFRQWDLQPHQWVXSSO\OLQH | ||
7KHVHYDOYHVDUHRSHQHGRQO | 7KHVHYDOYHVDUHRSHQHGRQO\ZKHQFRQWDLQPHQWLQWHJULW\LVQRWUHTXLUHG7KH | ||
YDOYHVDUHFORVHGLQDFFRUGDQFHZLWKOLQHXSFKHFNOLVWVZKLFKDUHFRPSOHWHGSULRUWR | YDOYHVDUHFORVHGLQDFFRUGDQFHZLWKOLQHXSFKHFNOLVWVZKLFKDUHFRPSOHWHGSULRUWR | ||
SODQWKHDWXS | SODQWKHDWXS | ||
| Line 5,601: | Line 5,601: | ||
2QHLQFKLQVWUXPHQWDWLRQOLQHVHTXLSSHGZLWKH[FHVVIORZFKHFNYDOYHV6XEMHFWWR | 2QHLQFKLQVWUXPHQWDWLRQOLQHVHTXLSSHGZLWKH[FHVVIORZFKHFNYDOYHV6XEMHFWWR | ||
OHDNDJHWHVWLQJLQDFFRUGDQFHZLWK7HFKQLFDO6SHFLILFDWLRQ65/HDNDJH | OHDNDJHWHVWLQJLQDFFRUGDQFHZLWK7HFKQLFDO6SHFLILFDWLRQ65/HDNDJH | ||
FDQRFFXURQO | FDQRFFXURQO\WKURXJKUXSWXUHRIWKHOLQHRULWVDVVRFLDWHGLQVWUXPHQWRXWVLGHRI | ||
FRQWDLQPHQW | FRQWDLQPHQW | ||
7,3SUREHVDUHZLWKGUDZQRQDFRQWDLQPHQWLVRODWLRQVLJQDODQGWKHOLQHLVLVRODWHG | 7,3SUREHVDUHZLWKGUDZQRQDFRQWDLQPHQWLVRODWLRQVLJQDODQGWKHOLQHLVLVRODWHG | ||
E | E\DXWRPDWLFFORVXUHRIDEDOOYDOYH$VKHDUYDOYHFDQEHPDQXDOO\DFWXDWHGIURP | ||
WKH&RQWURO5RRPLQWKHHYHQWDSUREHIDLOVWRUHWUDFW&KHFNYDOYHVLQWKHSXUJH | WKH&RQWURO5RRPLQWKHHYHQWDSUREHIDLOVWRUHWUDFW&KHFNYDOYHVLQWKHSXUJH | ||
VXSSO | VXSSO\OLQHRXWVLGHWKHGU\ZHOOFORVHWRSURYLGHFRQWDLQPHQWLVRODWLRQ | ||
&RQWDLQPHQWLVRODWLRQRIWKH&5'K | &RQWDLQPHQWLVRODWLRQRIWKH&5'K\GUDXOLFFRQWUROOLQHVLVSURYLGHGE\GRXEOHVHDOV | ||
ZLWKLQHDFKFRQWUROURGGULYHPHFKDQLVPDQGFKHFNYDOYHVDQGQRUPDOO | ZLWKLQHDFKFRQWUROURGGULYHPHFKDQLVPDQGFKHFNYDOYHVDQGQRUPDOO\FORVHG | ||
YDOYHVZLWKLQHDFKK | YDOYHVZLWKLQHDFKK\GUDXOLFFRQWUROXQLW 5HIHUHQFHVDQG | ||
7KHGU | 7KHGU\ZHOODLUORFNLVFRQVWUXFWHGZLWKERWKGRRUVRSHQLQJLQZDUGVRWKDW | ||
FRQWDLQPHQWSUHVVXUHZLOOWHQGWRVHDWWKHGRRUVHDOV'XULQJRYHUDOODLUORFN | FRQWDLQPHQWSUHVVXUHZLOOWHQGWRVHDWWKHGRRUVHDOV'XULQJRYHUDOODLUORFN | ||
SUHVVXUHWHVWVDVXSSRUWPHPEHULVLQVWDOOHGRQWKHLQQHUGRRUWRSUHYHQWWKHGRRU | SUHVVXUHWHVWVDVXSSRUWPHPEHULVLQVWDOOHGRQWKHLQQHUGRRUWRSUHYHQWWKHGRRU | ||
| Line 5,624: | Line 5,624: | ||
LQVWUXPHQWOLQHVDUHFRQQHFWHGWRVHDOHGWUDQVGXFHUVDQGDUHGHVLJQHGWRZLWKVWDQG | LQVWUXPHQWOLQHVDUHFRQQHFWHGWRVHDOHGWUDQVGXFHUVDQGDUHGHVLJQHGWRZLWKVWDQG | ||
WKHVWUHVVHVRIDORVVRIFRRODQWDFFLGHQW7KHVHOLQHVDUHWHVWHGGXULQJWKH | WKHVWUHVVHVRIDORVVRIFRRODQWDFFLGHQW7KHVHOLQHVDUHWHVWHGGXULQJWKH | ||
FRQWDLQPHQW7 | FRQWDLQPHQW7\SH$LQWHJUDWHGOHDNUDWHWHVW 5HIHUHQFH | ||
7KLVSHQHWUDWLRQWHUPLQDWHVEHORZWKHPLQLPXPSRVWDFFLGHQWOHYHORIWKH | 7KLVSHQHWUDWLRQWHUPLQDWHVEHORZWKHPLQLPXPSRVWDFFLGHQWOHYHORIWKH | ||
| Line 5,650: | Line 5,650: | ||
7KHUPDO%LQGLQJZLOODOORZZDWHUWRSUHVVXUL]HWKHYDOYHERQQHWSDFNLQJDUHDDQG | 7KHUPDO%LQGLQJZLOODOORZZDWHUWRSUHVVXUL]HWKHYDOYHERQQHWSDFNLQJDUHDDQG | ||
HOLPLQDWHWKLVSRWHQWLDOILVVLRQSURGXFWOHDNDJHSDWK7KLVSURYLVLRQDOORZVUHPRYDO | HOLPLQDWHWKLVSRWHQWLDOILVVLRQSURGXFWOHDNDJHSDWK7KLVSURYLVLRQDOORZVUHPRYDO | ||
RIWKHVHYDOYHVIURP7 | RIWKHVHYDOYHVIURP7\SH&WHVWLQJXQGHUWKHH[HPSWLRQSURYLGHGLQWKH15&¶V | ||
-XQH $SSHQGL[-6DIHW | -XQH $SSHQGL[-6DIHW\(YDOXDWLRQ 5HIHUHQFH | ||
02DQG02 DUHJOREHYDOYHVLQVWDOOHGZLWKWKHYDOYHERQQHWSDFNLQJ | 02DQG02 DUHJOREHYDOYHVLQVWDOOHGZLWKWKHYDOYHERQQHWSDFNLQJ | ||
DUHDH[SRVHGWRWKH7RUXVVLGH7KLVUHVXOWVLQWKHYDOYHGLVNVVWHPSDFNLQJDQG | DUHDH[SRVHGWRWKH7RUXVVLGH7KLVUHVXOWVLQWKHYDOYHGLVNVVWHPSDFNLQJDQG | ||
ERG | ERG\WRERQQHWJDVNHWEHLQJZDWHUVHDOHGSRVWDFFLGHQWDQGQR$SSHQGL[-ORFDO | ||
OHDNUDWHWHVWVRIWKHVHYDOYHVDUHUHTXLUHG 5HIHUHQFH | OHDNUDWHWHVWVRIWKHVHYDOYHVDUHUHTXLUHG 5HIHUHQFH | ||
7KH0DLQ6WHDP3DWKZD | 7KH0DLQ6WHDP3DWKZD\ PDLQVWHDPOLQHVDQGPDLQVWHDPOLQHGUDLQV OHDNDJHLV | ||
H[FOXGHGIURPWKHVXPRIWKHOHDNDJHUDWHVRI7 | H[FOXGHGIURPWKHVXPRIWKHOHDNDJHUDWHVRI7\SH%DQG&WHVWVDQGIURPWKH | ||
RYHUDOOLQWHJUDWHGOHDNDJHUDWHIURP7 | RYHUDOOLQWHJUDWHGOHDNDJHUDWHIURP7\SH$WHVWV 5HIHUHQFH | ||
%DUULHU7 | %DUULHU7\SH&RGHV | ||
'RXEOHJDVNHWRU2ULQJVHDO | 'RXEOHJDVNHWRU2ULQJVHDO | ||
| Line 5,681: | Line 5,681: | ||
'LDSKUDJPDLURSHUDWHGFRQWUROYDOYH | 'LDSKUDJPDLURSHUDWHGFRQWUROYDOYH | ||
$LURSHUDWHGEXWWHUIO | $LURSHUDWHGEXWWHUIO\YDOYH | ||
(OHFWULFDOSHQHWUDWLRQ | (OHFWULFDOSHQHWUDWLRQ | ||
| Line 5,687: | Line 5,687: | ||
0RWRURSHUDWHGJOREHYDOYH | 0RWRURSHUDWHGJOREHYDOYH | ||
0DQXDOO | 0DQXDOO\RSHUDWHGJOREHYDOYH | ||
6HOIDFWXDWLQJYDFXXPEUHDNHU | 6HOIDFWXDWLQJYDFXXPEUHDNHU | ||
| Line 5,714: | Line 5,714: | ||
7DEOHE 3ULPDU | 7DEOHE 3ULPDU\&RQWDLQPHQW$XWRPDWLF,VRODWLRQ9DOYHV | ||
3DJHRI | 3DJHRI | ||
,VRODWLRQ*URXS | ,VRODWLRQ*URXS | ||
| Line 5,758: | Line 5,758: | ||
'U | 'U\ZHOO(TXLSPHQW6XPS | ||
$2$ | $2$ | ||
$2% | $2% | ||
| Line 5,765: | Line 5,765: | ||
'U | 'U\ZHOO)ORRU6XPS | ||
$2$ | $2$ | ||
$2% | $2% | ||
| Line 5,772: | Line 5,772: | ||
7RUXV9HQW% | 7RUXV9HQW%\SDVV | ||
&9 | &9 | ||
| Line 5,789: | Line 5,789: | ||
'U | 'U\ZHOO9HQW%\SDVV | ||
&9 | &9 | ||
| Line 5,796: | Line 5,796: | ||
'U | 'U\ZHOO9HQW 1RWH | ||
$2 | $2 | ||
| Line 5,806: | Line 5,806: | ||
7RUXV$LU3XUJH$LU6XSSO | 7RUXV$LU3XUJH$LU6XSSO\ 1RWH | ||
$2 | $2 | ||
| Line 5,813: | Line 5,813: | ||
'U | 'U\ZHOO$LU3XUJH6XSSO\ 1RWH | ||
$2 | $2 | ||
| Line 5,820: | Line 5,820: | ||
&RQWDLQPHQW$LU3XUJH6XSSO | &RQWDLQPHQW$LU3XUJH6XSSO\ 1RWH | ||
$2 | $2 | ||
| Line 5,843: | Line 5,843: | ||
7DEOHE3ULPDU | 7DEOHE3ULPDU\&RQWDLQPHQW$XWRPDWLF,VRODWLRQ9DOYHV | ||
3DJHRI | 3DJHRI | ||
,VRODWLRQ*URXS | ,VRODWLRQ*URXS | ||
| Line 5,860: | Line 5,860: | ||
2XWERDUG | 2XWERDUG | ||
5+56XSSO | 5+56XSSO\ | ||
02 | 02 | ||
02 | 02 | ||
| Line 5,881: | Line 5,881: | ||
1RWH | 1RWH | ||
&RQWDLQPHQW1LWURJHQ6XSSO | &RQWDLQPHQW1LWURJHQ6XSSO\ | ||
&9 | &9 | ||
| Line 5,888: | Line 5,888: | ||
7RUXV1LWURJHQ6XSSO | 7RUXV1LWURJHQ6XSSO\ | ||
&9 | &9 | ||
| Line 5,895: | Line 5,895: | ||
'U | 'U\ZHOO1LWURJHQ6XSSO\ | ||
&9 | &9 | ||
| Line 5,902: | Line 5,902: | ||
2[ | 2[\JHQ$QDO\]HU6DPSOH3RLQW | ||
&9 | &9 | ||
| Line 5,912: | Line 5,912: | ||
2[ | 2[\JHQ$QDO\]HU5HWXUQ | ||
&9 | &9 | ||
| Line 5,922: | Line 5,922: | ||
&$06DPSOH/LQH 'U | &$06DPSOH/LQH 'U\ZHOO | ||
69 | 69 | ||
| Line 5,932: | Line 5,932: | ||
3$666DPSOH/LQH 'U | 3$666DPSOH/LQH 'U\ZHOO | ||
69 | 69 | ||
| Line 5,942: | Line 5,942: | ||
'U | 'U\ZHOOWR&$0$QDO\]HU | ||
$ 6XSSO | $ 6XSSO\ | ||
69$ | 69$ | ||
| Line 5,953: | Line 5,953: | ||
'U | 'U\ZHOOWR&DP$QDO\]HU | ||
% 6XSSO | % 6XSSO\ | ||
69% | 69% | ||
| Line 5,964: | Line 5,964: | ||
7RUXVWR&$0$QDO | 7RUXVWR&$0$QDO\]HU | ||
$ 6XSSO | $ 6XSSO\ | ||
69$ | 69$ | ||
| Line 5,985: | Line 5,985: | ||
7DEOHE3ULPDU | 7DEOHE3ULPDU\&RQWDLQPHQW$XWRPDWLF,VRODWLRQ9DOYHV | ||
3DJHRI | 3DJHRI | ||
,VRODWLRQ*URXS | ,VRODWLRQ*URXS | ||
| Line 6,002: | Line 6,002: | ||
2XWERDUG | 2XWERDUG | ||
7RUXVWR&$0$QDO | 7RUXVWR&$0$QDO\]HU | ||
% 6XSSO | % 6XSSO\ | ||
69% | 69% | ||
| Line 6,013: | Line 6,013: | ||
&$0$QDO | &$0$QDO\]HU$WR7RUXV | ||
5HWXUQ | 5HWXUQ | ||
| Line 6,024: | Line 6,024: | ||
&$0$QDO | &$0$QDO\]HU%WR7RUXV | ||
5HWXUQ | 5HWXUQ | ||
| Line 6,035: | Line 6,035: | ||
5HDFWRU:DWHU&OHDQXS6XSSO | 5HDFWRU:DWHU&OHDQXS6XSSO\ | ||
02 | 02 | ||
02 | 02 | ||
| Line 6,049: | Line 6,049: | ||
+3&,6WHDP6XSSO | +3&,6WHDP6XSSO\ | ||
02 | 02 | ||
02 | 02 | ||
| Line 6,056: | Line 6,056: | ||
5&,&6WHDP6XSSO | 5&,&6WHDP6XSSO\ | ||
02 | 02 | ||
02 | 02 | ||
| Line 6,065: | Line 6,065: | ||
:LWKQRUPDORIIVLWHSRZHU DQGEDWWHU |
:LWKQRUPDORIIVLWHSRZHU DQGEDWWHU\FKDUJHUV DYDLODEOHWKHPD[LPXPRSHUDWLQJ FORVLQJ WLPHVRI02DQG02 | ||
DUHVHFRQGV)RU02LQD'HVLJQ%DVLV+(/%6FHQDULR EDWWHU | DUHVHFRQGV)RU02LQD'HVLJQ%DVLV+(/%6FHQDULR EDWWHU\FKDUJHUV127DYDLODEOH WKHFORVLQJWLPHLVERXQGWR | ||
VHFRQGV | VHFRQGV | ||
| Line 6,083: | Line 6,083: | ||
7DEOHE3ULPDU | 7DEOHE3ULPDU\&RQWDLQPHQW$XWRPDWLF,VRODWLRQ9DOYHV | ||
3DJHRI | 3DJHRI | ||
1RWH | 1RWH | ||
| Line 6,089: | Line 6,089: | ||
*URXS | *URXS | ||
7KHYDOYHVLQ*URXSDUHFORVHGXSRQDQ | 7KHYDOYHVLQ*URXSDUHFORVHGXSRQDQ\RQHRIWKHIROORZLQJ | ||
FRQGLWLRQV | FRQGLWLRQV | ||
| Line 6,098: | Line 6,098: | ||
0DLQVWHDPOLQHWXQQHOKLJKWHPSHUDWXUH | 0DLQVWHDPOLQHWXQQHOKLJKWHPSHUDWXUH | ||
0DLQVWHDPOLQHORZSUHVVXUH 581PRGHRQO | 0DLQVWHDPOLQHORZSUHVVXUH 581PRGHRQO\ | ||
*URXS | *URXS | ||
7KHYDOYHVLQ*URXSDUHFORVHGXSRQDQ | 7KHYDOYHVLQ*URXSDUHFORVHGXSRQDQ\RQHRIWKHIROORZLQJ | ||
FRQGLWLRQV | FRQGLWLRQV | ||
5HDFWRUORZZDWHUOHYHO | 5HDFWRUORZZDWHUOHYHO | ||
+LJK'U | +LJK'U\ZHOOSUHVVXUH | ||
*URXS | *URXS | ||
7KHYDOYHVLQ*URXSDUHFORVHGXSRQDQ | 7KHYDOYHVLQ*URXSDUHFORVHGXSRQDQ\RQHRIWKHIROORZLQJ | ||
FRQGLWLRQV | FRQGLWLRQV | ||
5HDFWRUORZORZZDWHUOHYHO | 5HDFWRUORZORZZDWHUOHYHO | ||
+LJK'U | +LJK'U\ZHOOSUHVVXUH | ||
+LJK5:&8IORZ | +LJK5:&8IORZ | ||
| Line 6,121: | Line 6,121: | ||
*URXS | *URXS | ||
,VRODWLRQYDOYHVLQWKH+3&,6 | ,VRODWLRQYDOYHVLQWKH+3&,6\VWHPDUHFORVHGXSRQDQ\RQHRIWKH | ||
IROORZLQJFRQGLWLRQV | IROORZLQJFRQGLWLRQV | ||
| Line 6,128: | Line 6,128: | ||
+3&,VWHDPOLQHORZSUHVVXUH | +3&,VWHDPOLQHORZSUHVVXUH | ||
+LJKWHPSHUDWXUHLQWKHYLFLQLW | +LJKWHPSHUDWXUHLQWKHYLFLQLW\RIWKH+3&,VWHDPOLQH | ||
*URXS | *URXS | ||
,VRODWLRQYDOYHVLQWKH5&,&6 | ,VRODWLRQYDOYHVLQWKH5&,&6\VWHPDUHFORVHGXSRQDQ\RQHRIWKH | ||
IROORZLQJFRQGLWLRQV | IROORZLQJFRQGLWLRQV | ||
| Line 6,138: | Line 6,138: | ||
5&,&VWHDPOLQHORZSUHVVXUH | 5&,&VWHDPOLQHORZSUHVVXUH | ||
+LJKWHPSHUDWXUHLQWKHYLFLQLW | +LJKWHPSHUDWXUHLQWKHYLFLQLW\RIWKH5&,&VWHDPOLQH | ||
1RWH | 1RWH | ||
7HVWLQJFRQVLVWVRIYHULI | 7HVWLQJFRQVLVWVRIYHULI\LQJEDOOYDOYHFORVXUHRQDVLPXODWHG*URXSLVRODWLRQ | ||
VLJQDO | VLJQDO | ||
1RWH | 1RWH | ||
7KHQRUPDOSRVLWLRQRIWKHYDOYHVGXULQJRSHUDWLRQLVLQGLFDWHG+RZHYHUYDOYH | 7KHQRUPDOSRVLWLRQRIWKHYDOYHVGXULQJRSHUDWLRQLVLQGLFDWHG+RZHYHUYDOYH | ||
SRVLWLRQVPD | SRVLWLRQVPD\EHFKDQJHGDVUHTXLUHGWRVXSSRUWSODQWRSHUDWLRQVXFKDV | ||
FRQWDLQPHQWQLWURJHQDGGLWLRQDQGYHQWLQJRUWRDOORZIRUVXUYHLOODQFHWHVWLQJVXFK | FRQWDLQPHQWQLWURJHQDGGLWLRQDQGYHQWLQJRUWRDOORZIRUVXUYHLOODQFHWHVWLQJVXFK | ||
DVYDOYHVWURNHWLPLQJ | DVYDOYHVWURNHWLPLQJ | ||
1RWH | 1RWH | ||
7KHVHYDOYHVDUHFRQWUROOHGE | 7KHVHYDOYHVDUHFRQWUROOHGE\/3&,/RRSVHOHFWLRQGXULQJQRUPDORSHUDWLRQ | ||
'XULQJRSHUDWLRQRIWKH5+5V | 'XULQJRSHUDWLRQRIWKH5+5V\VWHPLQWKH6KXWGRZQ&RROLQJ0RGHWKHVHYDOYHV | ||
ZLOOUHFHLYHD*URXSLVRODWLRQVLJQDO | ZLOOUHFHLYHD*URXSLVRODWLRQVLJQDO | ||
1RWH | 1RWH | ||
| Line 6,168: | Line 6,168: | ||
7DEOH 0D[LPXP&RQWDLQPHQW&RQGLWLRQVIRUD/RVVRI&RRODQW$FFLGHQW | 7DEOH 0D[LPXP&RQWDLQPHQW&RQGLWLRQVIRUD/RVVRI&RRODQW$FFLGHQW | ||
0D[LPXP'U | 0D[LPXP'U\ZHOO3UHVVXUH '%$/2&$ SVLJ | ||
0D[LPXP'U | 0D[LPXP'U\ZHOO*DV7HPSHUDWXUH 6WHDP/LQH%UHDN ) | ||
0D[LPXP'U | 0D[LPXP'U\ZHOO:DOO7HPSHUDWXUH 6WHDP/LQH%UHDN ) | ||
0D[LPXP:HWZHOO3UHVVXUH '%$/2&$ SVLJ | 0D[LPXP:HWZHOO3UHVVXUH '%$/2&$ SVLJ | ||
0D[LPXPEXON6XSSUHVVLRQ3RRO7HPSHUDWXUH '%$/2&$ ) | 0D[LPXPEXON6XSSUHVVLRQ3RRO7HPSHUDWXUH '%$/2&$ ) | ||
7KHDQDO | 7KHDQDO\VLVLVEDVHGRQWKHIWVWHDPOLQHEUHDNDVVXPLQJ8&+,'$ | ||
FRQGHQVLQJKHDWWUDQVIHUWRWKHGU | FRQGHQVLQJKHDWWUDQVIHUWRWKHGU\ZHOOZDOOXQWLOWKHZDOOWHPSHUDWXUHUHDFKHV | ||
WKHVDWXUDWLRQWHPSHUDWXUHIRUWKHGU | WKHVDWXUDWLRQWHPSHUDWXUHIRUWKHGU\ZHOOSUHVVXUHZLWKLQLWLDWLRQRIGU\ZHOO | ||
VSUD | VSUD\VDWDGU\ZHOOJDVWHPSHUDWXUHRI)EXWQRWEHIRUHPLQXWHVDIWHUWKH | ||
EUHDN | EUHDN | ||
7KHILUVWYDOXHLVWKHSHDNVXSSUHVVLRQSRROWHPSHUDWXUHIRUWKH'%$/2&$ZLWK | 7KHILUVWYDOXHLVWKHSHDNVXSSUHVVLRQSRROWHPSHUDWXUHIRUWKH'%$/2&$ZLWK | ||
| Line 6,182: | Line 6,182: | ||
ZLWKLQFUHDVLQJ5+5ZDWHUWHPSHUDWXUH7KHVHFRQGQXPEHULVWKHSHDN | ZLWKLQFUHDVLQJ5+5ZDWHUWHPSHUDWXUH7KHVHFRQGQXPEHULVWKHSHDN | ||
VXSSUHVVLRQSRROWHPSHUDWXUHIURPWKH136+HYDOXDWLRQIRUWKHVDPH | VXSSUHVVLRQSRROWHPSHUDWXUHIURPWKH136+HYDOXDWLRQIRUWKHVDPH | ||
'%$/2&$EXWZLWKFRQWDLQPHQWFRROLQJXVLQJFRQWDLQPHQWVSUD | '%$/2&$EXWZLWKFRQWDLQPHQWFRROLQJXVLQJFRQWDLQPHQWVSUD\VDQGD | ||
FRQVWDQW.YDOXHRI%78VHF) | FRQVWDQW.YDOXHRI%78VHF) | ||
5HIHUHQFHVDQG | 5HIHUHQFHVDQG | ||
| Line 6,207: | Line 6,207: | ||
6XSSUHVVLRQSRRO | 6XSSUHVVLRQSRRO | ||
WHPSHUDWXUHDUHLQLWLDOO | WHPSHUDWXUHDUHLQLWLDOO\ ) | ||
7HFKQLFDO6SHFLILFDWLRQ | 7HFKQLFDO6SHFLILFDWLRQ | ||
| Line 6,213: | Line 6,213: | ||
6XSSUHVVLRQSRROZDWHUYROXPHLV | 6XSSUHVVLRQSRROZDWHUYROXPHLV | ||
LQLWLDOO | LQLWLDOO\IW | ||
7HFKQLFDO6SHFLILFDWLRQ | 7HFKQLFDO6SHFLILFDWLRQ | ||
0LQLPXP | 0LQLPXP | ||
'U | 'U\ZHOOWHPSHUDWXUHDQGKXPLGLW\DUH | ||
DVVXPHGWREH)DQGUHODWLYH | DVVXPHGWREH)DQGUHODWLYH | ||
KXPLGLW | KXPLGLW\UHVSHFWLYHO\IRU'%$/2&$ ORQJ | ||
WHUPZLWK63& LQWHUPHGLDWHDQGVPDOOEUHDN | WHUPZLWK63& LQWHUPHGLDWHDQGVPDOOEUHDN | ||
FDVHV)RU136+FDVHVGU | FDVHV)RU136+FDVHVGU\ZHOOWHPSHUDWXUH | ||
DQGKXPLGLW | DQGKXPLGLW\DUHDVVXPHGWREH)DQG | ||
5+UHVSHFWLYHO | 5+UHVSHFWLYHO\ | ||
5HIHUHQFH | 5HIHUHQFH | ||
:HWZHOODLUVSDFHLVLQLWLDOO | :HWZHOODLUVSDFHLVLQLWLDOO\ ) | ||
DQGUHODWLYHKXPLGLW | DQGUHODWLYHKXPLGLW\ | ||
7KHUPDOHTXLOLEULXPZLWKWKH | 7KHUPDOHTXLOLEULXPZLWKWKH | ||
VXSSUHVVLRQSRROZDWHUDWQRUPDO | VXSSUHVVLRQSRROZDWHUDWQRUPDO | ||
RSHUDWLQJ7HFKQLFDO6SHFLILFDWLRQ | RSHUDWLQJ7HFKQLFDO6SHFLILFDWLRQ | ||
OLPLW PD[LPXPKXPLGLW | OLPLW PD[LPXPKXPLGLW\ | ||
7KHZHWZHOODLUVSDFHLVLQWKHUPDO | 7KHZHWZHOODLUVSDFHLVLQWKHUPDO | ||
HTXLOLEULXPZLWKWKHVXSSUHVVLRQSRROGXULQJ | HTXLOLEULXPZLWKWKHVXSSUHVVLRQSRROGXULQJ | ||
WKHHDUO | WKHHDUO\EORZGRZQSHULRGIRUD'%$/2&$ | ||
WKHQDPHFKDQLVWLFKHDWDQGPDVVWUDQVIHULV | WKHQDPHFKDQLVWLFKHDWDQGPDVVWUDQVIHULV | ||
DVVXPHG | DVVXPHG | ||
| Line 6,244: | Line 6,244: | ||
5HIHUHQFH | 5HIHUHQFH | ||
,QLWLDOGU | ,QLWLDOGU\ZHOOSUHVVXUHDQGZHWZHOOSUHVVXUH | ||
DVVXPHGWREHSVLDH[FHSWIRU136+ | DVVXPHGWREHSVLDH[FHSWIRU136+ | ||
DQG38/'FDVHVZKHUHSVLDDQG | DQG38/'FDVHVZKHUHSVLDDQG | ||
SVLDUHVSHFWLYHO | SVLDUHVSHFWLYHO\DUHDVVXPHG | ||
5HIHUHQFH | 5HIHUHQFH | ||
'U | 'U\ZHOOIDQFRROHUVDUHLQDFWLYH | ||
1RQVDIHW | 1RQVDIHW\HTXLSPHQW | ||
&RQWUROURGGULYHIORZLV]HUR | &RQWUROURGGULYHIORZLV]HUR | ||
1RQVDIHW | 1RQVDIHW\HTXLSPHQW | ||
,QLWLDOGRZQFRPHUVXEPHUJHQFHLVIW | ,QLWLDOGRZQFRPHUVXEPHUJHQFHLVIW | ||
'HULYHGIURPPLQLPXP | 'HULYHGIURPPLQLPXP | ||
7HFKQLFDO6SHFLILFDWLRQ | 7HFKQLFDO6SHFLILFDWLRQ | ||
ZDWHUYROXPH | ZDWHUYROXPH | ||
1RUPDORSHUDWLRQRIWKHSODQWV | 1RUPDORSHUDWLRQRIWKHSODQWV\VWHPLV | ||
DVVXPHGH[FHSWIRUDVLQJOHDFWLYHIDLOXUH | DVVXPHGH[FHSWIRUDVLQJOHDFWLYHIDLOXUH | ||
/LFHQVLQJUHTXLUHPHQW | /LFHQVLQJUHTXLUHPHQW | ||
'HFD | 'HFD\KHDWIRUORQJWHUPUHVSRQVH | ||
FDOFXODWHGXVLQJ$16,$16 | FDOFXODWHGXVLQJ$16,$16 | ||
VWDQGDUGFRQVLVWHQWZLWK*(6,/ | VWDQGDUGFRQVLVWHQWZLWK*(6,/ | ||
$VLJPDXQFHUWDLQW | $VLJPDXQFHUWDLQW\ZDVDGGHGWR | ||
QRPLQDOGHFD | QRPLQDOGHFD\KHDWYDOXHV | ||
5HIHUHQFH | 5HIHUHQFH | ||
7KH5+5SRROFRROLQJPRGHVWDUWVDW | 7KH5+5SRROFRROLQJPRGHVWDUWVDW | ||
PLQXWHVDIWHUWKHOLQHEUHDN | PLQXWHVDIWHUWKHOLQHEUHDN | ||
$FFHSWHGE | $FFHSWHGE\15&IRU0DUN, | ||
FRQWDLQPHQWHYDOXDWLRQ | FRQWDLQPHQWHYDOXDWLRQ | ||
| Line 6,284: | Line 6,284: | ||
2QH(PHUJHQF | 2QH(PHUJHQF\'LHVHO*HQHUDWRULV | ||
LQRSHUDWLYH | LQRSHUDWLYH | ||
/LPLWLQJVLQJOHIDLOXUHIRU | /LPLWLQJVLQJOHIDLOXUHIRU | ||
FRQWDLQPHQW | FRQWDLQPHQW | ||
8VHRISDVVLYHKHDWVLQNVSHUDQDO | 8VHRISDVVLYHKHDWVLQNVSHUDQDO\VLV | ||
5HIHUHQFH | 5HIHUHQFH | ||
,QVWDQWDQHRXVJXLOORWLQHEUHDNRI | ,QVWDQWDQHRXVJXLOORWLQHEUHDNRI | ||
| Line 6,295: | Line 6,295: | ||
5+5LQWHUWLHLVSUHVHQWGXULQJEUHDN | 5+5LQWHUWLHLVSUHVHQWGXULQJEUHDN | ||
0RQWLFHOORFRQILJXUDWLRQ | 0RQWLFHOORFRQILJXUDWLRQ | ||
7KH(PHUJHQF | 7KH(PHUJHQF\&RUH&RROLQJ6\VWHPVWDUWV | ||
LQMHFWLQJDWVHFRQGVIRU'%$/2&$ | LQMHFWLQJDWVHFRQGVIRU'%$/2&$ | ||
5HIHUHQFH | 5HIHUHQFH | ||
)RUILUVWPLQXWHV(&&6FRQVLVWVRIRQH | )RUILUVWPLQXWHV(&&6FRQVLVWVRIRQH | ||
FRUHVSUD | FRUHVSUD\DQGWZR/3&,SXPSV | ||
1RPLQDOLQMHFWLRQUDWH | 1RPLQDOLQMHFWLRQUDWH | ||
3RROFRROLQJFRQVLVWVRI/3&,SXPSDQG | 3RROFRROLQJFRQVLVWVRI/3&,SXPSDQG | ||
| Line 6,305: | Line 6,305: | ||
/LPLWLQJVLQJOHIDLOXUH | /LPLWLQJVLQJOHIDLOXUH | ||
5+5+HDW([FKDQJHU. %WXVHF)LV | 5+5+HDW([FKDQJHU. %WXVHF)LV | ||
XVHGIRUFRQWDLQPHQWVSUD | XVHGIRUFRQWDLQPHQWVSUD\136+DQG | ||
38/'FDVHV$YDULDEOH.IURP | 38/'FDVHV$YDULDEOH.IURP | ||
%WXVHF)WR%WXVHF)LVXVHG | %WXVHF)WR%WXVHF)LVXVHG | ||
| Line 6,324: | Line 6,324: | ||
7DEOH 'U | 7DEOH 'U\ZHOO7HPSHUDWXUH(QYHORSHVIRU6WHDP%UHDNV | ||
'5<:(//7(03(5$785((19(/23(
| '5<:(//7(03(5$785((19(/23(
| ||
| Line 6,340: | Line 6,340: | ||
KUV | KUV | ||
GD | GD\V | ||
GD | GD\V | ||
GD | GD\V | ||
$QDO |
$QDO\VLVSHUIRUPHGDWRI0:WDQG )5+56HUYLFH:DWHU 5HIHUHQFHDQG | ||
| Line 6,358: | Line 6,358: | ||
5.3 6HFRQGDU | 5.3 6HFRQGDU\&RQWDLQPHQW6\VWHPDQG5HDFWRU%XLOGLQJ | ||
5.3.1 | 5.3.1 | ||
*HQHUDO | *HQHUDO | ||
7KHVHFRQGDU | 7KHVHFRQGDU\FRQWDLQPHQWFRPSOHWHO\HQFORVHVWKHUHDFWRUDQGLWVSUHVVXUH | ||
VXSSUHVVLRQSULPDU | VXSSUHVVLRQSULPDU\FRQWDLQPHQW7KHVHFRQGDU\FRQWDLQPHQWHQFORVXUHVWUXFWXUH | ||
SURYLGHVVHFRQGDU | SURYLGHVVHFRQGDU\FRQWDLQPHQWZKHQWKHSULPDU\FRQWDLQPHQWLVFORVHGDQGLQVHUYLFH | ||
DQGSULPDU | DQGSULPDU\FRQWDLQPHQWZKHQWKHSULPDU\FRQWDLQPHQWLVRSHQDVGXULQJUHIXHOLQJ | ||
7KHUHDFWRUEXLOGLQJKRXVHVWKHUHIXHOLQJDQGUHDFWRUVHUYLFLQJHTXLSPHQWQHZDQG | 7KHUHDFWRUEXLOGLQJKRXVHVWKHUHIXHOLQJDQGUHDFWRUVHUYLFLQJHTXLSPHQWQHZDQG | ||
VSHQWIXHOVWRUDJHIDFLOLWLHVDQGRWKHUUHDFWRUDX[LOLDU | VSHQWIXHOVWRUDJHIDFLOLWLHVDQGRWKHUUHDFWRUDX[LOLDU\V\VWHPVRUVHUYLFHHTXLSPHQW | ||
7KHSULPDU | 7KHSULPDU\SXUSRVHVIRUWKHVHFRQGDU\FRQWDLQPHQWDUHWRPLQLPL]HJURXQGOHYHO | ||
UHOHDVHRIDLUERUQHUDGLRDFWLYHPDWHULDOVWRWKHHQYLURQVDQGWRSURYLGHPHDQVIRUD | UHOHDVHRIDLUERUQHUDGLRDFWLYHPDWHULDOVWRWKHHQYLURQVDQGWRSURYLGHPHDQVIRUD | ||
FRQWUROOHGHOHYDWHGUHOHDVHRIWKHEXLOGLQJDWPRVSKHUHLIDQDFFLGHQWVKRXOGRFFXU)RU | FRQWUROOHGHOHYDWHGUHOHDVHRIWKHEXLOGLQJDWPRVSKHUHLIDQDFFLGHQWVKRXOGRFFXU)RU | ||
WKHGHVLJQEDVLVIXHOKDQGOLQJDFFLGHQWDQDO | WKHGHVLJQEDVLVIXHOKDQGOLQJDFFLGHQWDQDO\VLVXVLQJ$OWHUQDWLYH6RXUFH7HUP | ||
PHWKRGRORJ | PHWKRGRORJ\KDVGHPRQVWUDWHGWKDWVHFRQGDU\FRQWDLQPHQWLQWHJULW\DQGRSHUDWLRQRI | ||
WKH6WDQGE | WKH6WDQGE\*DV7UHDWPHQW6\VWHPDUHQRWUHTXLUHGWRPDLQWDLQRIIVLWHDQG&RQWURO | ||
5RRPRSHUDWRUGRVHVEHORZ&)5OLPLWV6HFRQGDU | 5RRPRSHUDWRUGRVHVEHORZ&)5OLPLWV6HFRQGDU\FRQWDLQPHQWDQG6%*7DUH | ||
QRWUHTXLUHGIRUWKHGHVLJQEDVLVPDLQVWHDPOLQHEUHDNDQGFRQWUROURGGURSDFFLGHQWV | QRWUHTXLUHGIRUWKHGHVLJQEDVLVPDLQVWHDPOLQHEUHDNDQGFRQWUROURGGURSDFFLGHQWV | ||
VLQFHUHOHDVHVIURPWKRVHDFFLGHQWVDUHRXWVLGHWKHVHFRQGDU | VLQFHUHOHDVHVIURPWKRVHDFFLGHQWVDUHRXWVLGHWKHVHFRQGDU\FRQWDLQPHQW | ||
5.3.2 | 5.3.2 | ||
'HVLJQ%DVLV | 'HVLJQ%DVLV | ||
D | D | ||
7KHVHFRQGDU | 7KHVHFRQGDU\FRQWDLQPHQWLVGHVLJQHGVRWKDWLWVLQOHDNDJHUDWHLVQRWJUHDWHU | ||
WKDQFIP DSSUR[LPDWHO | WKDQFIP DSSUR[LPDWHO\EXLOGLQJYROXPHFKDQJHVSHUGD\ XQGHUQHXWUDO | ||
ZLQGFRQGLWLRQVZKHQWKHEXLOGLQJLVVXEMHFWHGWRDQLQWHUQDOQHJDWLYHSUHVVXUHRI | ZLQGFRQGLWLRQVZKHQWKHEXLOGLQJLVVXEMHFWHGWRDQLQWHUQDOQHJDWLYHSUHVVXUHRI | ||
LQRIZDWHU | LQRIZDWHU | ||
E | E | ||
([ILOWUDWLRQIURPVHFRQGDU | ([ILOWUDWLRQIURPVHFRQGDU\FRQWDLQPHQWVKRXOGQRWH[FHHGRQHEXLOGLQJYROXPH | ||
SHUGD | SHUGD\ZLWKZLQGVSHHGRIPLOHVSHUKRXUZKHQLQLWLDOVHFRQGDU\FRQWDLQPHQW | ||
SUHVVXUHLVLQFKZDWHUFROXPQYDFXXPXQGHUFDOPZLQGFRQGLWLRQV | SUHVVXUHLVLQFKZDWHUFROXPQYDFXXPXQGHUFDOPZLQGFRQGLWLRQV | ||
F | F | ||
| Line 6,392: | Line 6,392: | ||
7KH5HDFWRU%XLOGLQJVWUXFWXUHLVGHVLJQHGWRZLWKVWDQGDQLQWHUQDOSUHVVXUHRI | 7KH5HDFWRU%XLOGLQJVWUXFWXUHLVGHVLJQHGWRZLWKVWDQGDQLQWHUQDOSUHVVXUHRI | ||
LQRIZDWHUZLWKRXWVWUXFWXUDOIDLOXUHRUSUHVVXUHUHOLHI7KHEXLOGLQJLVHYDOXDWHG | LQRIZDWHUZLWKRXWVWUXFWXUDOIDLOXUHRUSUHVVXUHUHOLHI7KHEXLOGLQJLVHYDOXDWHG | ||
IRUWKHPD[LPXPLQWHUQDOSUHVVXUHVFDXVHGE | IRUWKHPD[LPXPLQWHUQDOSUHVVXUHVFDXVHGE\D+LJK(QHUJ\/LQH%UHDNZLWKLQWKH | ||
EXLOGLQJ3URYLVLRQVDUHPDGHWRUHOLHYHVHFRQGDU | EXLOGLQJ3URYLVLRQVDUHPDGHWRUHOLHYHVHFRQGDU\FRQWDLQPHQWSUHVVXUHWR | ||
SUHYHQWH[FHHGLQJWKHLQWHUQDOSUHVVXUHOLPLWZLWKLQWKHEXLOGLQJLQWKHXQOLNHO | SUHYHQWH[FHHGLQJWKHLQWHUQDOSUHVVXUHOLPLWZLWKLQWKHEXLOGLQJLQWKHXQOLNHO\ | ||
HYHQWRIDSLSHUXSWXUH5HOLHIGHYLFHV EORZRXWSDQHOV DUHSURYLGHGWRDVVXUH | HYHQWRIDSLSHUXSWXUH5HOLHIGHYLFHV EORZRXWSDQHOV DUHSURYLGHGWRDVVXUH | ||
WKDWUHDFWRUEXLOGLQJVWUXFWXUDOLQWHJULW | WKDWUHDFWRUEXLOGLQJVWUXFWXUDOLQWHJULW\ZLOOQRWEHLPSDLUHG | ||
H | H | ||
0HDQVDUHSURYLGHGIRUH[KDXVWLQJWUHDWHGDLUIURPWKHVHFRQGDU | 0HDQVDUHSURYLGHGIRUH[KDXVWLQJWUHDWHGDLUIURPWKHVHFRQGDU\FRQWDLQPHQW | ||
I | I | ||
0HDQVDUHSURYLGHGIRUSHULRGLFDOO | 0HDQVDUHSURYLGHGIRUSHULRGLFDOO\PRQLWRULQJWKHOHDNWLJKWQHVVRIWKHUHDFWRU | ||
EXLOGLQJ | EXLOGLQJ | ||
J | J | ||
| Line 6,422: | Line 6,422: | ||
URRIRQVWHHOGHFNLQJ7KHVLGLQJDQGGHFNLQJKDYHVHDOHGMRLQWV | URRIRQVWHHOGHFNLQJ7KHVLGLQJDQGGHFNLQJKDYHVHDOHGMRLQWV | ||
6HFRQGDU | 6HFRQGDU\&RQWDLQPHQW3HQHWUDWLRQV | ||
7KHRSHQLQJVLQWKHVHFRQGDU | 7KHRSHQLQJVLQWKHVHFRQGDU\FRQWDLQPHQWLQFOXGLQJSHUVRQQHODQGHTXLSPHQW | ||
DFFHVVRSHQLQJVDQGSLSLQJRUGXFWSHQHWUDWLRQVDUHGHVLJQHGWRSURYLGH | DFFHVVRSHQLQJVDQGSLSLQJRUGXFWSHQHWUDWLRQVDUHGHVLJQHGWRSURYLGH | ||
FRQWDLQPHQWZKLFKLVFRQVLVWHQWZLWKWKHVHFRQGDU | FRQWDLQPHQWZKLFKLVFRQVLVWHQWZLWKWKHVHFRQGDU\FRQWDLQPHQWOHDNDJHUDWHV | ||
VSHFLILHGDERYH7RDFFRPSOLVKWKLVGRXEOHLQWHUORFNHGGRRUVZLWKZHDWKHUVWULSW | VSHFLILHGDERYH7RDFFRPSOLVKWKLVGRXEOHLQWHUORFNHGGRRUVZLWKZHDWKHUVWULSW\SH | ||
VHDOVDUHSURYLGHGIRUDFFHVVWRWKHVHFRQGDU | VHDOVDUHSURYLGHGIRUDFFHVVWRWKHVHFRQGDU\FRQWDLQPHQWIRUERWKSHUVRQQHODQG | ||
HTXLSPHQW6RPHDLUORFNGRRUVFRQWDLQZLQGRZVWRPLQLPL]HFKDOOHQJLQJWKHDLUORFN | HTXLSPHQW6RPHDLUORFNGRRUVFRQWDLQZLQGRZVWRPLQLPL]HFKDOOHQJLQJWKHDLUORFN | ||
LQWHUORFN7KHEULHILQDGYHUWHQWVLPXOWDQHRXVRSHQLQJRIERWKDQLQQHUDQGRXWHU | LQWHUORFN7KHEULHILQDGYHUWHQWVLPXOWDQHRXVRSHQLQJRIERWKDQLQQHUDQGRXWHU | ||
SHUVRQQHODFFHVVGRRUGXULQJQRUPDOHQWU | SHUVRQQHODFFHVVGRRUGXULQJQRUPDOHQWU\DQGH[LWFRQGLWLRQVDQGWKHLUSURPSW | ||
FORVXUHE | FORVXUHE\QRUPDOPHDQVLVERXQGHGE\WKHUDGLRORJLFDOGRVHFRQVHTXHQFHDQDO\VLV | ||
5HIHUHQFH ,QOHWDQGRXWOHWYHQWLODWLRQGXFWVDUHVHDOHGDWWKHVHFRQGDU | 5HIHUHQFH ,QOHWDQGRXWOHWYHQWLODWLRQGXFWVDUHVHDOHGDWWKHVHFRQGDU\ | ||
FRQWDLQPHQWHQFORVXUHSHULPHWHUDQGDUHSURYLGHGZLWKDXWRPDWLFFORVLQJGRXEOH | FRQWDLQPHQWHQFORVXUHSHULPHWHUDQGDUHSURYLGHGZLWKDXWRPDWLFFORVLQJGRXEOH | ||
LVRODWLRQGDPSHUV | LVRODWLRQGDPSHUV | ||
5.3.4 | 5.3.4 | ||
5HDFWRU%XLOGLQJ+HDWLQJDQG9HQWLODWLRQ6 | 5HDFWRU%XLOGLQJ+HDWLQJDQG9HQWLODWLRQ6\VWHPV | ||
1RUPDOYHQWLODWLRQV | 1RUPDOYHQWLODWLRQV\VWHPRSHUDWLRQSURYLGHVRXWVLGHDLUWRDOOOHYHOVDQGHTXLSPHQW | ||
URRPVRIWKH5HDFWRU%XLOGLQJ7KLVVXSSO | URRPVRIWKH5HDFWRU%XLOGLQJ7KLVVXSSO\DLUPD\EHILOWHUHGRUXQILOWHUHGGHSHQGLQJRQ | ||
VHDVRQDOFRQGLWLRQV7KHDLULVH[KDXVWHGWKURXJKDYHQWLODWLRQGXFWWKDWGLVFKDUJHVDW | VHDVRQDOFRQGLWLRQV7KHDLULVH[KDXVWHGWKURXJKDYHQWLODWLRQGXFWWKDWGLVFKDUJHVDW | ||
WKH5HDFWRU%XLOGLQJURRIDOVRNQRZQDVWKH5HDFWRU%XLOGLQJYHQW&RROLQJXQLWV | WKH5HDFWRU%XLOGLQJURRIDOVRNQRZQDVWKH5HDFWRU%XLOGLQJYHQW&RROLQJXQLWV | ||
PDLQWDLQDLUWHPSHUDWXUHVIRUSHUVRQQHOFRPIRUWDQGHTXLSPHQWSURWHFWLRQDVUHTXLUHG | PDLQWDLQDLUWHPSHUDWXUHVIRUSHUVRQQHOFRPIRUWDQGHTXLSPHQWSURWHFWLRQDVUHTXLUHG | ||
7KHQRUPDOYHQWLODWLRQV | 7KHQRUPDOYHQWLODWLRQV\VWHPKDVWKHFDSDFLW\WRSURYLGHDPLQLPXPRIRQHDLUFKDQJH | ||
SHUKRXURIILOWHUHGDLUWRDOOSRUWLRQVRIWKH5HDFWRU%XLOGLQJUHTXLULQJYHQWLODWLRQ | SHUKRXURIILOWHUHGDLUWRDOOSRUWLRQVRIWKH5HDFWRU%XLOGLQJUHTXLULQJYHQWLODWLRQ | ||
7KH5HDFWRU%XLOGLQJLVSURYLGHGZLWKERWKVXSSO | 7KH5HDFWRU%XLOGLQJLVSURYLGHGZLWKERWKVXSSO\DQGH[KDXVWYHQWLODWLRQWRHQVXUH | ||
SURSHUDLUIORZGLUHFWLRQDQGUHPRYHWKHKHDWJHQHUDWHGE | SURSHUDLUIORZGLUHFWLRQDQGUHPRYHWKHKHDWJHQHUDWHGE\WKHHTXLSPHQW$LUIORZLV | ||
GLUHFWHGIURPDUHDVRIOHDVWSRWHQWLDOIRUUDGLRDFWLYHFRQWDPLQDWLRQWRDUHDVRIJUHDWHU | GLUHFWHGIURPDUHDVRIOHDVWSRWHQWLDOIRUUDGLRDFWLYHFRQWDPLQDWLRQWRDUHDVRIJUHDWHU | ||
SRWHQWLDOFRQWDPLQDWLRQSULRUWRILQDOH[KDXVWWKURXJKWKH5HDFWRU%XLOGLQJYHQWDV | SRWHQWLDOFRQWDPLQDWLRQSULRUWRILQDOH[KDXVWWKURXJKWKH5HDFWRU%XLOGLQJYHQWDV | ||
PHQWLRQHGDERYH | PHQWLRQHGDERYH | ||
7KHVXSSO | 7KHVXSSO\V\VWHPLQFOXGHVIDQVILOWHUVDQGVWHDPKHDWLQJFRLOVWRWHPSHUWKHRXWVLGH | ||
DLULQWKHZLQWHU6WHDPXQLWKHDWHUVDUHIXUQLVKHGRQWKHRSHUDWLQJOHYHOVWRPDLQWDLQ | DLULQWKHZLQWHU6WHDPXQLWKHDWHUVDUHIXUQLVKHGRQWKHRSHUDWLQJOHYHOVWRPDLQWDLQ | ||
GHVLUHGWHPSHUDWXUH | GHVLUHGWHPSHUDWXUH | ||
| Line 6,460: | Line 6,460: | ||
5HYLVLRQ | 5HYLVLRQ | ||
3DJH RI | 3DJH RI | ||
$LUSUHVVXUHLQWKHVHFRQGDU | $LUSUHVVXUHLQWKHVHFRQGDU\FRQWDLQPHQWLVPDLQWDLQHGDWDVOLJKWO\QHJDWLYHSUHVVXUH | ||
E | E\RSHUDWLQJH[KDXVWIDQVDWDKLJKHUUDWLQJWKDQWKHVXSSO\IDQV7KHQHJDWLYH | ||
SUHVVXUHWRJHWKHUZLWKWKHLQWHJULW | SUHVVXUHWRJHWKHUZLWKWKHLQWHJULW\RIWKHVHFRQGDU\FRQWDLQPHQWPLQLPL]HVH[ILOWUDWLRQ | ||
IURPWKHVHFRQGDU | IURPWKHVHFRQGDU\FRQWDLQPHQW'XULQJQRUPDORSHUDWLRQLWLVSRVVLEOHIRUVHFRQGDU\ | ||
FRQWDLQPHQWWREHPRPHQWDULO | FRQWDLQPHQWWREHPRPHQWDULO\OHVVWKDQWKHUHTXLUHGYDFXXPIRUDQXPEHURIUHDVRQV | ||
VXFKDVKLJKZLQGFRQGLWLRQVRUFKDQJHVWRQRUPDOQRQVDIHW | VXFKDVKLJKZLQGFRQGLWLRQVRUFKDQJHVWRQRUPDOQRQVDIHW\UHODWHGYHQWLODWLRQ | ||
DOLJQPHQW7KLVLVSHUPLWWHGSURYLGHGDQDQDO | DOLJQPHQW7KLVLVSHUPLWWHGSURYLGHGDQDQDO\VLVGHWHUPLQHVRQHVWDQGE\JDVWUHDWPHQW | ||
VXEV | VXEV\VWHPLVFDSDEOHRIHVWDEOLVKLQJWKHUHTXLUHGVHFRQGDU\FRQWDLQPHQWYDFXXP | ||
5HIHUHQFH | 5HIHUHQFH | ||
%RWKWKHLQOHWDQGRXWOHWYHQWLODWLRQGXFWVRIWKHVHFRQGDU | %RWKWKHLQOHWDQGRXWOHWYHQWLODWLRQGXFWVRIWKHVHFRQGDU\FRQWDLQPHQWDUHSURYLGHG | ||
ZLWKWZRLVRODWLRQGDPSHUVLQVHULHVZKLFKDUHFORVHGDXWRPDWLFDOO | ZLWKWZRLVRODWLRQGDPSHUVLQVHULHVZKLFKDUHFORVHGDXWRPDWLFDOO\ZKHQKLJKUDGLDWLRQ | ||
OHYHOVLQWKHUHDFWRUEXLOGLQJYHQWLODWLRQSOHQXPRUKLJKUDGLDWLRQLQWKHDUHDRIWKHIXHO | OHYHOVLQWKHUHDFWRUEXLOGLQJYHQWLODWLRQSOHQXPRUKLJKUDGLDWLRQLQWKHDUHDRIWKHIXHO | ||
SRROLVGHWHFWHG)RUWKHGHVLJQEDVLVIXHOKDQGOLQJDFFLGHQWDQDO | SRROLVGHWHFWHG)RUWKHGHVLJQEDVLVIXHOKDQGOLQJDFFLGHQWDQDO\VLVXVLQJ$OWHUQDWLYH | ||
6RXUFH7HUPPHWKRGRORJ | 6RXUFH7HUPPHWKRGRORJ\KDVGHPRQVWUDWHGWKDWVHFRQGDU\FRQWDLQPHQWLQWHJULW\DQG | ||
RSHUDWLRQRIWKH6WDQGE | RSHUDWLRQRIWKH6WDQGE\*DV7UHDWPHQW6\VWHPDUHQRWUHTXLUHGWRPDLQWDLQRIIVLWHDQG | ||
&RQWURO5RRPRSHUDWRUGRVHVEHORZ&)5OLPLWV$VHFRQGDU | &RQWURO5RRPRSHUDWRUGRVHVEHORZ&)5OLPLWV$VHFRQGDU\FRQWDLQPHQW | ||
LVRODWLRQLVDOVRLQLWLDWHGZKHQ6*76LVLQLWLDWHGRQORZORZUHDFWRUZDWHUOHYHORUKLJK | LVRODWLRQLVDOVRLQLWLDWHGZKHQ6*76LVLQLWLDWHGRQORZORZUHDFWRUZDWHUOHYHORUKLJK | ||
GU | GU\ZHOOSUHVVXUH'XULQJWKLVVLWXDWLRQWKHQRUPDOYHQWLODWLRQV\VWHPLVVKXWGRZQDQG | ||
WKHVHFRQGDU | WKHVHFRQGDU\FRQWDLQPHQWLVYHQWLODWHGWKURXJKWKHVWDQGE\JDVWUHDWPHQWV\VWHP7KH | ||
YHQWLODWLRQV | YHQWLODWLRQV\VWHPGDPSHUV¶FORVXUHWLPHLVVHFRUOHVV | ||
7KHGUDZGRZQWLPHLVWKHWLPHSHULRGIROORZLQJWKHVWDUWRIWKHDFFLGHQWGXULQJZKLFK | 7KHGUDZGRZQWLPHLVWKHWLPHSHULRGIROORZLQJWKHVWDUWRIWKHDFFLGHQWGXULQJZKLFK | ||
ORVVRIRIIVLWHSRZHUFDXVHVORVVRIVHFRQGDU | ORVVRIRIIVLWHSRZHUFDXVHVORVVRIVHFRQGDU\FRQWDLQPHQWYDFXXP UHODWLYHWR | ||
DWPRVSKHULFSUHVVXUH 7KLVLVDVVXPHGWRUHVXOWLQUHOHDVHVIURPSULPDU | DWPRVSKHULFSUHVVXUH 7KLVLVDVVXPHGWRUHVXOWLQUHOHDVHVIURPSULPDU\FRQWDLQPHQW | ||
GLUHFWO | GLUHFWO\WRWKHHQYLURQPHQWZLWKRXWILOWHULQJ7KH$OWHUQDWH6RXUFH7HUP $67 SURMHFW | ||
XVHGPLQXWHVIRUWKHSRVLWLYHSUHVVXUHSHULRGDVWKHHVWLPDWHGV | XVHGPLQXWHVIRUWKHSRVLWLYHSUHVVXUHSHULRGDVWKHHVWLPDWHGV\VWHPSHUIRUPDQFH | ||
'XULQJWKHSRVLWLYHSUHVVXUHSHULRGUDGLRQXFOLGHUHPRYDOIURP6WDQGE | 'XULQJWKHSRVLWLYHSUHVVXUHSHULRGUDGLRQXFOLGHUHPRYDOIURP6WDQGE\*DV7UHDWPHQW | ||
6 | 6\VWHP 6%*7 RSHUDWLRQLVQRWFUHGLWHG$QHYDOXDWLRQRIWKHVHFRQGDU\FRQWDLQPHQW | ||
GUDZGRZQWLPHZDVFRPSOHWHG7KHGUDZGRZQFDOFXODWLRQXVLQJ*27+,&FRGHDQGD | GUDZGRZQWLPHZDVFRPSOHWHG7KHGUDZGRZQFDOFXODWLRQXVLQJ*27+,&FRGHDQGD | ||
VLQJOHOXPSHGQRGHGHWHUPLQHGWKDWWKHSRVLWLYHSUHVVXUHSHULRGZDVOHVVWKDQ | VLQJOHOXPSHGQRGHGHWHUPLQHGWKDWWKHSRVLWLYHSUHVVXUHSHULRGZDVOHVVWKDQ | ||
PLQXWHV 5HIHUHQFH | PLQXWHV 5HIHUHQFH | ||
7KHUHDFWRUEXLOGLQJYHQWLVSURYLGHGZLWKZLGHUDQJHUDGLDWLRQPRQLWRUV7KHPRQLWRULV | 7KHUHDFWRUEXLOGLQJYHQWLVSURYLGHGZLWKZLGHUDQJHUDGLDWLRQPRQLWRUV7KHPRQLWRULV | ||
XVHGWRTXDQWLI | XVHGWRTXDQWLI\QREOHJDVUHOHDVHVGXULQJQRUPDORSHUDWLRQDQGGXULQJWKHFRXUVHRIDQ | ||
DFFLGHQW6HH6HFWLRQIRUGHWDLOV | DFFLGHQW6HH6HFWLRQIRUGHWDLOV | ||
6WDQGE | 6WDQGE\*DV7UHDWPHQW6\VWHP 6*76 | ||
7KHVWDQGE | 7KHVWDQGE\JDVWUHDWPHQWV\VWHPLVSURYLGHGWRPDLQWDLQZKHQHYHUVHFRQGDU\ | ||
FRQWDLQPHQWLVRODWLRQFRQGLWLRQVH[LVWDVPDOOQHJDWLYHSUHVVXUHWRPLQLPL]HJURXQG | FRQWDLQPHQWLVRODWLRQFRQGLWLRQVH[LVWDVPDOOQHJDWLYHSUHVVXUHWRPLQLPL]HJURXQG | ||
OHYHOHVFDSHRIDLUERUQHUDGLRDFWLYLW | OHYHOHVFDSHRIDLUERUQHUDGLRDFWLYLW\ 6HH'UDZLQJ1+6HFWLRQ )LOWHUV | ||
DUHSURYLGHGLQWKHV | DUHSURYLGHGLQWKHV\VWHPWRUHPRYHUDGLRDFWLYHSDUWLFXODWHVDQGFKDUFRDO | ||
DGVRUEHUVDUHSURYLGHGWRUHPRYHUDGLRDFWLYHKDORJHQV$OOIORZIURPWKHVWDQGE | DGVRUEHUVDUHSURYLGHGWRUHPRYHUDGLRDFWLYHKDORJHQV$OOIORZIURPWKHVWDQGE\ | ||
JDVWUHDWPHQWV | JDVWUHDWPHQWV\VWHPLVUHOHDVHGWKURXJKWKHHOHYDWHGRIIJDVYHQWVWDFNDQG | ||
FRQWLQXRXVO | FRQWLQXRXVO\PRQLWRUHGE\WKHVWDFNJDVPRQLWRULQJV\VWHPDVGHVFULEHGLQ6HFWLRQ | ||
7KH6*76LQLWLDWLRQPRQLWRUVDUHGHVFULEHGLQ6HFWLRQVDQG | 7KH6*76LQLWLDWLRQPRQLWRUVDUHGHVFULEHGLQ6HFWLRQVDQG | ||
,QDGGLWLRQWKH6*76LVLQLWLDWHGYLDSULPDU | ,QDGGLWLRQWKH6*76LVLQLWLDWHGYLDSULPDU\FRQWDLQPHQWLVRODWLRQORJLFGXHWRORZ | ||
ORZUHDFWRUZDWHUOHYHORUKLJKGU | ORZUHDFWRUZDWHUOHYHORUKLJKGU\ZHOOSUHVVXUH7KHV\VWHPPD\DOVREHXVHGWR | ||
YHQWWKHSULPDU | YHQWWKHSULPDU\FRQWDLQPHQWGXULQJSODQWRSHUDWLRQ | ||
| Line 6,516: | Line 6,516: | ||
7KHV | 7KHV\VWHPLVVL]HGWRSURYLGHXSWRFIPH[KDXVWIURPWKHVHFRQGDU\ | ||
FRQWDLQPHQWZLWKDQHJDWLYHHQFORVXUHLQWHUQDOSUHVVXUHRIDWOHDVWLQRIZDWHU | FRQWDLQPHQWZLWKDQHJDWLYHHQFORVXUHLQWHUQDOSUHVVXUHRIDWOHDVWLQRIZDWHU | ||
XQGHUFDOPZLQGFRQGLWLRQV7ZRVHSDUDWHIXOOFDSDFLW | XQGHUFDOPZLQGFRQGLWLRQV7ZRVHSDUDWHIXOOFDSDFLW\ILOWHUDGVRUEHUIDQXQLWVDUH | ||
SURYLGHG,IRQHXQLWIDLOVWRIXQFWLRQSURSHUO | SURYLGHG,IRQHXQLWIDLOVWRIXQFWLRQSURSHUO\WKHRWKHUXQLWLVVWDUWHGDXWRPDWLFDOO\ | ||
$WLPHGHOD | $WLPHGHOD\SUHYHQWVWKH%7UDLQIURPVWDUWLQJLIWKH$7UDLQDFKLHYHVIORZRQLQLWLDO | ||
6*76LQLWLDWLRQ%RWKXQLWVUHFHLYHSRZHUIURPWKH(VVHQWLDO3RZHU'LVWULEXWLRQ | 6*76LQLWLDWLRQ%RWKXQLWVUHFHLYHSRZHUIURPWKH(VVHQWLDO3RZHU'LVWULEXWLRQ | ||
&HQWHU5HPRWHPDQXDOFRQWUROLVDYDLODEOHIRUDOOIXQFWLRQV | &HQWHU5HPRWHPDQXDOFRQWUROLVDYDLODEOHIRUDOOIXQFWLRQV | ||
7KHWZRILOWHUDGVRUEHUXQLWVDUHSK | 7KHWZRILOWHUDGVRUEHUXQLWVDUHSK\VLFDOO\VHSDUDWHGZLWKLQWKH6*76URRPE\ | ||
YHUWLFDODQGKRUL]RQWDOFRQFUHWHZDOOV7KHVHZDOOVDFWDVILUHUHWDUGDQWEDUULHUVDV | YHUWLFDODQGKRUL]RQWDOFRQFUHWHZDOOV7KHVHZDOOVDFWDVILUHUHWDUGDQWEDUULHUVDV | ||
ZHOODVSURYLGLQJSURWHFWLRQIRU%WUDLQILOWHUVIURPLQWHUQDOO | ZHOODVSURYLGLQJSURWHFWLRQIRU%WUDLQILOWHUVIURPLQWHUQDOO\JHQHUDWHGPLVVLOHV | ||
(DFKVWDQGE | (DFKVWDQGE\JDVWUHDWPHQWXQLWKDVWKHIROORZLQJPDMRUFRPSRQHQWV | ||
D | D | ||
'HPLVWHUDQGDSUHKHDWHUWRUHGXFHUHODWLYHKXPLGLW | 'HPLVWHUDQGDSUHKHDWHUWRUHGXFHUHODWLYHKXPLGLW\7KHKHDWHUIXQFWLRQZDV | ||
GHWHUPLQHGWRQRWEHUHTXLUHGIRULRGLQHUHPRYDOHIILFLHQF | GHWHUPLQHGWRQRWEHUHTXLUHGIRULRGLQHUHPRYDOHIILFLHQF\VLQFHWKHFKDUFRDOLV | ||
WHVWHGDW KXPLGLW | WHVWHGDW KXPLGLW\ | ||
E | E | ||
7ZRKLJKHIILFLHQF | 7ZRKLJKHIILFLHQF\ILOWHUVZLWKUHTXLUHGFDSDELOLW\IRUUHPRYLQJDWOHDVW | ||
SHUFHQWRISDUWLFOHVODUJHUWKDQPLFURQ7KHILOWHUVDUHGHVLJQHGWR | SHUFHQWRISDUWLFOHVODUJHUWKDQPLFURQ7KHILOWHUVDUHGHVLJQHGWR | ||
ZLWKVWDQG)PD[LPXPWHPSHUDWXUH | ZLWKVWDQG)PD[LPXPWHPSHUDWXUH | ||
F | F | ||
&RLPSUHJQDWHG SRWDVVLXPLRGLQHWULHWK | &RLPSUHJQDWHG SRWDVVLXPLRGLQHWULHWK\OHQHGLDPLQH FKDUFRDODGVRUEHU | ||
UHTXLUHGWRUHPRYHDWOHDVW SHUFHQWRILRGLQHXQGHUHQWHULQJFRQGLWLRQVRI | UHTXLUHGWRUHPRYHDWOHDVW SHUFHQWRILRGLQHXQGHUHQWHULQJFRQGLWLRQVRI | ||
SHUFHQW5+DQG)&RLPSUHJQDWHGFKDUFRDOLVVSHFLILHGEHFDXVHLW | SHUFHQW5+DQG)&RLPSUHJQDWHGFKDUFRDOLVVSHFLILHGEHFDXVHLW | ||
SURYLGHVJUHDWHUUHVLVWDQFHWRDJLQJDQGVROYHQWSRLVRQLQJDQGWKHUHIRUHZLOO | SURYLGHVJUHDWHUUHVLVWDQFHWRDJLQJDQGVROYHQWSRLVRQLQJDQGWKHUHIRUHZLOO | ||
LPSURYHDGVRUEHUSHUIRUPDQFH&DUERQVDPSOHVDUHSHULRGLFDOO | LPSURYHDGVRUEHUSHUIRUPDQFH&DUERQVDPSOHVDUHSHULRGLFDOO\UHPRYHGIRU | ||
DQDO | DQDO\VLV+LJKWHPSHUDWXUHFDUERQ ) LVVSHFLILHG | ||
$XWRPDWLFUHPRWHO | $XWRPDWLFUHPRWHO\FRQWUROOHGYDOYHVSURYLGHIRULVRODWLRQRIHDFKVWDQGE\JDV | ||
WUHDWPHQWXQLW0HDQVDUHSURYLGHGWRGUDZDLULQWRWKHILOWHUDGVRUEHUWRUHPRYH | WUHDWPHQWXQLW0HDQVDUHSURYLGHGWRGUDZDLULQWRWKHILOWHUDGVRUEHUWRUHPRYH | ||
UDGLRDFWLYHGHFD | UDGLRDFWLYHGHFD\KHDW | ||
,QVWUXPHQWDWLRQLVSURYLGHGWRPHDVXUHDLUIORZWHPSHUDWXUHSUHVVXUHYDOYH | ,QVWUXPHQWDWLRQLVSURYLGHGWRPHDVXUHDLUIORZWHPSHUDWXUHSUHVVXUHYDOYH | ||
SRVLWLRQVDQGIDQRSHUDWLRQV,QVWUXPHQWDWLRQDQGFRQWUROVIRUWKHWZRILOWHUWUDLQVDUH | SRVLWLRQVDQGIDQRSHUDWLRQV,QVWUXPHQWDWLRQDQGFRQWUROVIRUWKHWZRILOWHUWUDLQVDUH | ||
VHSDUDWHGWRSUHYHQWIDLOXUHRIWKHV | VHSDUDWHGWRSUHYHQWIDLOXUHRIWKHV\VWHPGXHWRORFDOL]HGGDPDJH | ||
5.3.5 | 5.3.5 | ||
3HUIRUPDQFH$QDO | 3HUIRUPDQFH$QDO\VLV | ||
7KHVHFRQGDU | 7KHVHFRQGDU\FRQWDLQPHQWSURYLGHVDFRQWDLQPHQWV\VWHPIRUWKHSRWHQWLDOUHOHDVHV | ||
ZKLFKPD | ZKLFKPD\RFFXUZLWKLQLW7KLVLVDFFRPSOLVKHGE\DORZOHDNDJHHQFORVXUHDQGD | ||
VWDQGE | VWDQGE\JDVWUHDWPHQWV\VWHPZKLFKKDVDFDSDFLW\JUHDWHUWKDQWKHLQOHDNDJHUDWH | ||
7KLVV | 7KLVV\VWHPSXULILHVDLUIURPWKHVHFRQGDU\FRQWDLQPHQWDQGH[KDXVWVLWWRWKHRXWVLGH | ||
E | E\PDLQWDLQLQJDQHJDWLYHSUHVVXUHLQWKHFRQWDLQPHQWUHODWLYHWRRXWVLGHDQGDVVXULQJ | ||
WKDWOHDNDJHIORZVLQWRWKHVHFRQGDU | WKDWOHDNDJHIORZVLQWRWKHVHFRQGDU\FRQWDLQPHQWDQGQRVLJQLILFDQWH[ILOWUDWLRQRI | ||
XQWUHDWHGJDVHVH[LVWV7KHIDQVDUHGHVLJQHGWRDFKLHYHDPLQLPXPRILQZDWHURI | XQWUHDWHGJDVHVH[LVWV7KHIDQVDUHGHVLJQHGWRDFKLHYHDPLQLPXPRILQZDWHURI | ||
QHJDWLYHSUHVVXUHZLWKLQWKHVHFRQGDU | QHJDWLYHSUHVVXUHZLWKLQWKHVHFRQGDU\FRQWDLQPHQWHQFORVXUH7KHQRUPDOIXOORSHQ | ||
RSHUDWLRQRIWKHIORZFRQWUROYDOYHVSURYLGHVH[KDXVWDGHTXDWHWRPDLQWDLQWKHGHVLUHG | RSHUDWLRQRIWKHIORZFRQWUROYDOYHVSURYLGHVH[KDXVWDGHTXDWHWRPDLQWDLQWKHGHVLUHG | ||
QHJDWLYHSUHVVXUH | QHJDWLYHSUHVVXUH | ||
| Line 6,579: | Line 6,579: | ||
6HFWLRQRI5HIHUHQFHGRFXPHQWVWKDWXVHRI$5(9$IXHOGRHVQRWLPSDFWWKH | 6HFWLRQRI5HIHUHQFHGRFXPHQWVWKDWXVHRI$5(9$IXHOGRHVQRWLPSDFWWKH | ||
GHVLJQEDVLV)+$DQDO | GHVLJQEDVLV)+$DQDO\VHV7KLVLVIXUWKHUVXEVWDQWLDWHGE\86$5ZKLFK | ||
LQFOXGHV)+$UHVXOWVIRU$5(9$$75,80;0 | LQFOXGHV)+$UHVXOWVIRU$5(9$$75,80;0 | ||
,QWHJUDWHGGRVHFDOFXODWLRQVKDYHEHHQPDGHIRUFRPSRQHQWVRIWKHVWDQGE | ,QWHJUDWHGGRVHFDOFXODWLRQVKDYHEHHQPDGHIRUFRPSRQHQWVRIWKHVWDQGE\JDV | ||
WUHDWPHQWV | WUHDWPHQWV\VWHP 6*76 WRGHWHUPLQHH[SRVXUHWRFRPSRQHQWVRIWKHV\VWHPIROORZLQJ | ||
DGHVLJQEDVLVDFFLGHQW7KHERXQGLQJSRVW/2&$FRPSRQHQWKHDGORDGVIRUDVLQJOH | DGHVLJQEDVLVDFFLGHQW7KHERXQGLQJSRVW/2&$FRPSRQHQWKHDGORDGVIRUDVLQJOH | ||
6%*7WUDLQDUHZDWWVIRUWKHXSVWUHDP+(3$ILOWHUEDQNDQGZDWWVIRUWKH | 6%*7WUDLQDUHZDWWVIRUWKHXSVWUHDP+(3$ILOWHUEDQNDQGZDWWVIRUWKH | ||
FKDUFRDODGVRUEHUEDQN 5HIHUHQFH | FKDUFRDODGVRUEHUEDQN 5HIHUHQFH | ||
7KHSHUIRUPDQFHRIWKH6WDQGE | 7KHSHUIRUPDQFHRIWKH6WDQGE\*DV7UHDWPHQW6\VWHPZDVFRQILUPHGWREHZLWKLQWKH | ||
FRQVWUDLQWVRIWKHERXQGLQJ$OWHUQDWH6RXUFH7HUP $67 HYDOXDWLRQVRIWKHVHV | FRQVWUDLQWVRIWKHERXQGLQJ$OWHUQDWH6RXUFH7HUP $67 HYDOXDWLRQVRIWKHVHV\VWHPV | ||
ZKLFKDUHGHWDLOHGLQWKH/LFHQVLQJ7RSLFDO5HSRUWIRU&RQVWDQW3UHVVXUH3RZHU8SUDWHV | ZKLFKDUHGHWDLOHGLQWKH/LFHQVLQJ7RSLFDO5HSRUWIRU&RQVWDQW3UHVVXUH3RZHU8SUDWHV | ||
5HIHUHQFHVDQG 7KHSRVW/2&$LRGLQHORDGLQJRQWKHFKDUFRDOLVZHOOZLWKLQ | 5HIHUHQFHVDQG 7KHSRVW/2&$LRGLQHORDGLQJRQWKHFKDUFRDOLVZHOOZLWKLQ | ||
WKHJXLGHOLQHVRI5HJXODWRU | WKHJXLGHOLQHVRI5HJXODWRU\*XLGHDQGWKHFKDUFRDOUHPRYDOHIILFLHQF\IRU | ||
UDGLRLRGLQHLVQRWDIIHFWHGE | UDGLRLRGLQHLVQRWDIIHFWHGE\RSHUDWLRQXSWR0:W7KHFRROLQJDLUIORZUHTXLUHGWR | ||
PDLQWDLQV | PDLQWDLQV\VWHPFRPSRQHQWVEHORZRSHUDWLQJWHPSHUDWXUHOLPLWVLVZHOOEHORZWKH | ||
FRROLQJIORZFDSDELOLW | FRROLQJIORZFDSDELOLW\RIWKHV\VWHP,QDGGLWLRQWKH6%*7IORZFDSDFLW\LVQRW | ||
DGYHUVHO | DGYHUVHO\DIIHFWHGE\WKH+(3$ILOWHUORDGLQJ 6HFWLRQVDQGRI | ||
5HIHUHQFH | 5HIHUHQFH | ||
7KH6%*7SHUIRUPDQFHDVVXPSWLRQVXVHGLQWKH/2&$UDGLRORJLFDOFRQVHTXHQFHV | 7KH6%*7SHUIRUPDQFHDVVXPSWLRQVXVHGLQWKH/2&$UDGLRORJLFDOFRQVHTXHQFHV | ||
DQDO | DQDO\VLVDUHLQFOXGHGLQ86$56HFWLRQ | ||
5.3.6 | 5.3.6 | ||
,QVSHFWLRQDQG7HVWLQJ | ,QVSHFWLRQDQG7HVWLQJ | ||
7KHVHFRQGDU | 7KHVHFRQGDU\FRQWDLQPHQWOHDNDJHUDWHLVWHVWHGE\LVRODWLQJWKHVHFRQGDU\ | ||
FRQWDLQPHQWRSHUDWLQJWKHVWDQGE | FRQWDLQPHQWRSHUDWLQJWKHVWDQGE\JDVWUHDWPHQWV\VWHPDQGWULSSLQJWKH5HDFWRU | ||
%XLOGLQJ3OHQXPDQG5DGZDVWH%XLOGLQJ([KDXVW)DQV7ULSSLQJWKH5HDFWRU%XLOGLQJ | %XLOGLQJ3OHQXPDQG5DGZDVWH%XLOGLQJ([KDXVW)DQV7ULSSLQJWKH5HDFWRU%XLOGLQJ | ||
3OHQXPDQG5DGZDVWH%XLOGLQJ([KDXVW)DQVHQVXUHVWKDWRQO | 3OHQXPDQG5DGZDVWH%XLOGLQJ([KDXVW)DQVHQVXUHVWKDWRQO\WKH6WDQGE\*DV | ||
7UHDWPHQW6 | 7UHDWPHQW6\VWHP)DQVFRQWULEXWHWRDFKLHYLQJLQRIYDFXXPDQGQRVLJQLILFDQW | ||
E | E\SDVVRIWKH6WDQGE\*DV7UHDWPHQW6\VWHPRFFXUV7KH6WDQGE\*DV7UHDWPHQW | ||
6 | 6\VWHPIORZFRQWUROYDOYHLVQRUPDOO\IXOORSHQWRREWDLQPD[LPXPIORZ EXWOHVVWKDQ | ||
FIP DQGPD | FIP DQGPD\EHDGMXVWHGWRUHGXFHIORZIRUGHWHUPLQDWLRQRIOLPLWLQJFRQGLWLRQV | ||
7KHUDWHDWZKLFKDLULVH[KDXVWHGWKURXJKWKHV | 7KHUDWHDWZKLFKDLULVH[KDXVWHGWKURXJKWKHV\VWHPDVPHDVXUHGE\WKHIORZ | ||
LQGLFDWRULQGLFDWHVEXLOGLQJLQOHDNDJH(DFKWUDLQRIWKH6*76LVUHTXLUHGWRPDLQWDLQ | LQGLFDWRULQGLFDWHVEXLOGLQJLQOHDNDJH(DFKWUDLQRIWKH6*76LVUHTXLUHGWRPDLQWDLQ | ||
DWOHDVWLQRIZDWHUQHJDWLYHSUHVVXUHUHODWLYHWRDWPRVSKHUHPHDVXUHGDWJUDGH | DWOHDVWLQRIZDWHUQHJDWLYHSUHVVXUHUHODWLYHWRDWPRVSKHUHPHDVXUHGDWJUDGH | ||
ZLWKQRFRUUHFWLRQIRUVWDFNHIIHFW'DWDIURPWKLVWHVWLVKRZHYHUFRUUHFWHGWRFDOP | ZLWKQRFRUUHFWLRQIRUVWDFNHIIHFW'DWDIURPWKLVWHVWLVKRZHYHUFRUUHFWHGWRFDOP | ||
ZLQGFRQGLWLRQV Y PSK | ZLQGFRQGLWLRQV Y PSK | ||
3HULRGLFWHVWLQJFDQEHSHUIRUPHGGXULQJQRUPDOSODQWRSHUDWLRQE | 3HULRGLFWHVWLQJFDQEHSHUIRUPHGGXULQJQRUPDOSODQWRSHUDWLRQE\RSHUDWLQJHDFKIDQ | ||
DQGDOOFRQWUROV3URYLVLRQVDUHPDGHIRUSHULRGLFWHVWVRIHDFKILOWHUXQLWDW | DQGDOOFRQWUROV3URYLVLRQVDUHPDGHIRUSHULRGLFWHVWVRIHDFKILOWHUXQLWDW | ||
DSSUR[LPDWHO | DSSUR[LPDWHO\IXOOIORZFDSDFLW\7KHVHWHVWVLQFOXGHGHWHUPLQDWLRQVRIGLIIHUHQWLDO | ||
SUHVVXUHDFURVVHDFKILOWHUDQGRIILOWHUHIILFLHQF | SUHVVXUHDFURVVHDFKILOWHUDQGRIILOWHUHIILFLHQF\&RQQHFWLRQVIRUWHVWLQJVXFKDV | ||
LQMHFWLRQDQGVDPSOLQJDUHORFDWHGWRSURYLGHDGHTXDWHPL[LQJRIWKHLQMHFWHGIOXLGDQG | LQMHFWLRQDQGVDPSOLQJDUHORFDWHGWRSURYLGHDGHTXDWHPL[LQJRIWKHLQMHFWHGIOXLGDQG | ||
UHSUHVHQWDWLYHVDPSOLQJDQGPRQLWRULQJVRWKDWWHVWUHVXOWVDUHLQGLFDWLYHRI | UHSUHVHQWDWLYHVDPSOLQJDQGPRQLWRULQJVRWKDWWHVWUHVXOWVDUHLQGLFDWLYHRI | ||
SHUIRUPDQFH | SHUIRUPDQFH | ||
/DERUDWRU | /DERUDWRU\DQDO\VLVRIDUHSUHVHQWDWLYHVDPSOHRIWKHFKDUFRDODGVRUEHULVSHUIRUPHGLQ | ||
DFFRUGDQFHZLWK5HJXODWRU | DFFRUGDQFHZLWK5HJXODWRU\*XLGH 5* UHYLVLRQ$GVRUEHUVDPSOHVDUH | ||
REWDLQHGE | REWDLQHGE\HLWKHUUHPRYLQJDWHVWFDQLVWHURUE\DOWHUQDWHVDPSOLQJLQDFFRUGDQFHZLWK | ||
5*UHYLVLRQZKLFKSHUPLWVVDPSOLQJSHU$60(1 $SSHQGL[,7KH | 5*UHYLVLRQZKLFKSHUPLWVVDPSOLQJSHU$60(1 $SSHQGL[,7KH | ||
VDPSOHVDUHWHVWHGDW KXPLGLW | VDPSOHVDUHWHVWHGDW KXPLGLW\GHJUHHV&HOVLXV GHJUHHV)DKUHQKHLW | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 6,633: | Line 6,633: | ||
3DJHRI | 3DJHRI | ||
+HDWHUWHVWLQJUHTXLUHPHQWVZHUHUHPRYHGDVSDUWRILPSOHPHQWDWLRQRI767) | +HDWHUWHVWLQJUHTXLUHPHQWVZHUHUHPRYHGDVSDUWRILPSOHPHQWDWLRQRI767) | ||
5HYLVH9HQWLODWLRQ6 | 5HYLVH9HQWLODWLRQ6\VWHP6XUYHLOODQFH5HTXLUHPHQWVWR2SHUDWHIRU+RXUVSHU | ||
0RQWK5*UHYLVLRQVWDWHVKXPLGLW | 0RQWK5*UHYLVLRQVWDWHVKXPLGLW\FRQWUROLVDFFRXQWHGIRUZKHQWHVWLQJ | ||
FKDUFRDODW UHODWLYHKXPLGLW | FKDUFRDODW UHODWLYHKXPLGLW\6LQFHWKH9HQWLODWLRQDQG)LOWHU7HVWLQJ3URJUDPWHVWV | ||
WKHFKDUFRDODW UHODWLYHKXPLGLW | WKHFKDUFRDODW UHODWLYHKXPLGLW\WKHLQOLQHKHDWHUVDUHQRWUHTXLUHG7KHVWDQGE\ | ||
JDVWUDLQVDUHRSHUDWHGSHUWKH6XUYHLOODQFH)UHTXHQF | JDVWUDLQVDUHRSHUDWHGSHUWKH6XUYHLOODQFH)UHTXHQF\&RQWURO3URJUDPIRUDWOHDVW | ||
PLQXWHVWRGHPRQVWUDWHWKHHTXLSPHQWDQGFRQWUROVDUHIXQFWLRQLQJSURSHUO | PLQXWHVWRGHPRQVWUDWHWKHHTXLSPHQWDQGFRQWUROVDUHIXQFWLRQLQJSURSHUO\ | ||
| Line 6,652: | Line 6,652: | ||
*HQHUDO(OHFWULFUHSRUW1('(³0DUN,&RQWDLQPHQW3URJUDP0DUN, | *HQHUDO(OHFWULFUHSRUW1('(³0DUN,&RQWDLQPHQW3URJUDP0DUN, | ||
:HWZHOOWR'U | :HWZHOOWR'U\ZHOO9DFXXP%UHDNHU)XQFWLRQDO5HTXLUHPHQWV7DVN ':/ | ||
:ROIH$SULO | :ROIH$SULO | ||
187(&+UHSRUW163³0RQWLFHOOR7RUXVWR'U | 187(&+UHSRUW163³0RQWLFHOOR7RUXVWR'U\ZHOO9DFXXP%UHDNHU | ||
5HTXLUHPHQWV''HFHPEHU | 5HTXLUHPHQWV''HFHPEHU | ||
%RGHJD%D | %RGHJD%D\3UHOLPLQDU\+D]DUGV6XPPDU\5HSRUW$SSHQGL[³3UHVVXUH | ||
6XSSUHVVLRQ7HVW3URJUDP''RFNHW'HFHPEHU | 6XSSUHVVLRQ7HVW3URJUDP''RFNHW'HFHPEHU | ||
| Line 6,669: | Line 6,669: | ||
*HQHUDO(OHFWULFUHSRUW1('& ³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW7HUP | *HQHUDO(OHFWULFUHSRUW1('& ³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW7HUP | ||
3URJUDP)LQDO5HSRUW9ROXPH,3URJUDP'HVFULSWLRQDQG6XPPDU | 3URJUDP)LQDO5HSRUW9ROXPH,3URJUDP'HVFULSWLRQDQG6XPPDU\RI | ||
&RQFOXVLRQV'-0+XPSKUH | &RQFOXVLRQV'-0+XPSKUH\HWDO6HSWHPEHU | ||
*HQHUDO(OHFWULFUHSRUW1('& 3³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW | *HQHUDO(OHFWULFUHSRUW1('& 3³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW | ||
7HUP3URJUDP)LQDO5HSRUW9ROXPH,,/2&$5HODWHG+ | 7HUP3URJUDP)LQDO5HSRUW9ROXPH,,/2&$5HODWHG+\GURG\QDPLF/RDGV'5+ | ||
%XFKKRO]HWDO6HSWHPEHU | %XFKKRO]HWDO6HSWHPEHU | ||
*HQHUDO(OHFWULFUHSRUW1('& 3³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW | *HQHUDO(OHFWULFUHSRUW1('& 3³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW | ||
7HUP3URJUDP)LQDO5HSRUW9ROXPH,,,/RDG$SSOLFDWLRQDQG6FUHHQLQJRI | 7HUP3URJUDP)LQDO5HSRUW9ROXPH,,,/RDG$SSOLFDWLRQDQG6FUHHQLQJRI | ||
6WUXFWXUDO(OHPHQWV'-0+XPSKUH | 6WUXFWXUDO(OHPHQWV'-0+XPSKUH\HWDO6HSWHPEHU | ||
*HQHUDO(OHFWULFUHSRUW1('& 3³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW | *HQHUDO(OHFWULFUHSRUW1('& 3³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW | ||
7HUP3URJUDP)LQDO5HSRUW9ROXPH,96WUXFWXUDO(YDOXDWLRQ'6HSWHPEHU | 7HUP3URJUDP)LQDO5HSRUW9ROXPH,96WUXFWXUDO(YDOXDWLRQ'6HSWHPEHU | ||
| Line 6,689: | Line 6,689: | ||
*HQHUDO(OHFWULFUHSRUW1('& ³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW7HUP | *HQHUDO(OHFWULFUHSRUW1('& ³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW7HUP | ||
3URJUDP)LQDO5HSRUW$GGHQGXP/RDGVDQG7KHLU$SSOLFDWLRQIRU7RUXV6XSSRUW | 3URJUDP)LQDO5HSRUW$GGHQGXP/RDGVDQG7KHLU$SSOLFDWLRQIRU7RUXV6XSSRUW | ||
6 | 6\VWHP(YDOXDWLRQ'-XQH | ||
*HQHUDO(OHFWULFUHSRUW1('& 3³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW7HUP | *HQHUDO(OHFWULFUHSRUW1('& 3³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW7HUP | ||
3URJUDP)LQDO5HSRUW$GGHQGXP9HQW+HDGHUDQG9HQW3LSH,PSDFW/RDG'6 | 3URJUDP)LQDO5HSRUW$GGHQGXP9HQW+HDGHUDQG9HQW3LSH,PSDFW/RDG'6 | ||
.D | .D\KDQHWDO$XJXVW | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 6,706: | Line 6,706: | ||
(YDOXDWLRQ'1RYHPEHU | (YDOXDWLRQ'1RYHPEHU | ||
187(&+UHSRUW0.³'HVFULSWLRQRI6KRUW7HUP3URJUDP3ODQW8QLTXH | 187(&+UHSRUW0.³'HVFULSWLRQRI6KRUW7HUP3URJUDP3ODQW8QLTXH | ||
7RUXV6XSSRUW6 | 7RUXV6XSSRUW6\VWHPVDQG$WWDFKHG3LSLQJ$QDO\VLV'5HYLVLRQ-XQH | ||
*HQHUDO(OHFWULF /-6RERQ OHWWHUWRWKH15& 96WHOOR ³0DUN,6KRUW7HUP3URJUDP | *HQHUDO(OHFWULF /-6RERQ OHWWHUWRWKH15& 96WHOOR ³0DUN,6KRUW7HUP3URJUDP | ||
5HSRUW4XHVWLRQV'GDWHG2FWREHU | 5HSRUW4XHVWLRQV'GDWHG2FWREHU | ||
185(*³0DUN,&RQWDLQPHQW6KRUW7HUP3URJUDP6DIHW | 185(*³0DUN,&RQWDLQPHQW6KRUW7HUP3URJUDP6DIHW\(YDOXDWLRQ' | ||
'HFHPEHU | 'HFHPEHU | ||
*HQHUDO(OHFWULF /-6RERQ OHWWHUWRWKH15& 96WHOOR ³0DUN,&RQWDLQPHQW | *HQHUDO(OHFWULF /-6RERQ OHWWHUWRWKH15& 96WHOOR ³0DUN,&RQWDLQPHQW | ||
3URJUDP3URJUDP$FWLRQ3ODQ5HYLVLRQ'GDWHG)HEUXDU | 3URJUDP3URJUDP$FWLRQ3ODQ5HYLVLRQ'GDWHG)HEUXDU\ | ||
*HQHUDO(OHFWULFUHSRUW³0DUN,&RQWDLQPHQW3URJUDP3URJUDP$FWLRQ3ODQ5HYLVLRQ | *HQHUDO(OHFWULFUHSRUW³0DUN,&RQWDLQPHQW3URJUDP3URJUDP$FWLRQ3ODQ5HYLVLRQ | ||
')HEUXDU | ')HEUXDU\ | ||
*HQHUDO(OHFWULFUHSRUW1('2³0DUN,&RQWDLQPHQW3URJUDP/RDG'HILQLWLRQ | *HQHUDO(OHFWULFUHSRUW1('2³0DUN,&RQWDLQPHQW3URJUDP/RDG'HILQLWLRQ | ||
5HSRUW''HFHPEHU | 5HSRUW''HFHPEHU | ||
*HQHUDO(OHFWULFUHSRUW1('2³$FFHSWDQFH&ULWHULD3ODQW8QLTXH$QDO | *HQHUDO(OHFWULFUHSRUW1('2³$FFHSWDQFH&ULWHULD3ODQW8QLTXH$QDO\VLV | ||
$SSOLFDWLRQV*XLGH7DVN1XPEHU'2FWREHU | $SSOLFDWLRQV*XLGH7DVN1XPEHU'2FWREHU | ||
185(*³6DIHW | 185(*³6DIHW\(YDOXDWLRQ5HSRUW0DUN,&RQWDLQPHQW/RQJ7HUP3URJUDP | ||
5HVROXWLRQRI*HQHULF7HFKQLFDO$FWLYLW | 5HVROXWLRQRI*HQHULF7HFKQLFDO$FWLYLW\$'-XO\ | ||
*HQHUDO(OHFWULFUHSRUW1('0³0DUN,,,&RQILUPDWRU | *HQHUDO(OHFWULFUHSRUW1('0³0DUN,,,&RQILUPDWRU\7HVW3URJUDP3KDVH, | ||
/DUJH6FDOH'HPRQVWUDWLRQ7HVW7HVW6HULHVWKURXJK'//0 | /DUJH6FDOH'HPRQVWUDWLRQ7HVW7HVW6HULHVWKURXJK'//0\HUV75 | ||
0F,QW | 0F,QW\UHDQG5-(UQVW2FWREHU | ||
*HQHUDO(OHFWULFUHSRUW1('(3³7HVW5HVXOWV(PSOR | *HQHUDO(OHFWULFUHSRUW1('(3³7HVW5HVXOWV(PSOR\HGE\*(IRU%:5 | ||
&RQWDLQPHQWDQG9HUWLFDO9HQW/RDGV'7<)XNXVKLPDDQGRWKHUV2FWREHU | &RQWDLQPHQWDQG9HUWLFDO9HQW/RDGV'7<)XNXVKLPDDQGRWKHUV2FWREHU | ||
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP6FDOH | *HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP6FDOH | ||
| Line 6,731: | Line 6,731: | ||
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP6FDOH | *HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP6FDOH | ||
3UHVVXUH6XSSUHVVLRQ3RRO6ZHOO7HVW3URJUDP 6FDOLQJ(YDOXDWLRQ7DVN1XPEHU | 3UHVVXUH6XSSUHVVLRQ3RRO6ZHOO7HVW3URJUDP 6FDOLQJ(YDOXDWLRQ7DVN1XPEHU | ||
''/*DO | ''/*DO\DUGW&*+D\HVDQG6/.XVKPDQ-DQXDU\ | ||
(OHFWULF3RZHU5HVHDUFK,QVWLWXWHUHSRUW(35,13 ³7KUHH'LPHQVLRQDO3RRO | (OHFWULF3RZHU5HVHDUFK,QVWLWXWHUHSRUW(35,13 ³7KUHH'LPHQVLRQDO3RRO | ||
6ZHOO0RGHOLQJRID0DUN,6XSSUHVVLRQ6 | 6ZHOO0RGHOLQJRID0DUN,6XSSUHVVLRQ6\VWHP'5/.LDQJDQG%-*URVVL2FWREHU | ||
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP&RPSDULVRQ | *HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP&RPSDULVRQ | ||
RI*(DQG(35,7RUXV/RDG7HVW5HVXOWV7DVN1XPEHU')HEUXDU | RI*(DQG(35,7RUXV/RDG7HVW5HVXOWV7DVN1XPEHU')HEUXDU\ | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 6,748: | Line 6,748: | ||
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP6FDOH | *HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP6FDOH | ||
3UHVVXUH6XSSUHVVLRQ3RRO6ZHOO7HVW3URJUDP /'5/RDG7HVWV*HQHULF | 3UHVVXUH6XSSUHVVLRQ3RRO6ZHOO7HVW3URJUDP /'5/RDG7HVWV*HQHULF | ||
6HQVLWLYLW | 6HQVLWLYLW\7DVN1XPEHU6HULHV''HFHPEHU | ||
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,,,&RQILUPDWRU | *HQHUDO(OHFWULFUHSRUW1('(3³0DUN,,,&RQILUPDWRU\7HVW3URJUDP | ||
6FDOH3RRO6ZHOO,PSDFW7HVWV7HVW6HULHV'750F,QW | 6FDOH3RRO6ZHOO,PSDFW7HVWV7HVW6HULHV'750F,QW\UHHWDO$XJXVW | ||
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP)XOO6FDOH | *HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP)XOO6FDOH | ||
7HVW3URJUDP)LQDO5HSRUW7DVN1XPEHU'*:)LW]VLPPRQVHWDO$SULO | 7HVW3URJUDP)LQDO5HSRUW7DVN1XPEHU'*:)LW]VLPPRQVHWDO$SULO | ||
15& '*(LVHQKXW *HQHULF/HWWHU ³&RQILUPDWRU | 15& '*(LVHQKXW *HQHULF/HWWHU ³&RQILUPDWRU\5HTXLUHPHQWV5HODWLQJWR | ||
&RQGHQVDWLRQ2VFLOODWLRQ/RDGVIRUWKH0DUN,&RQWDLQPHQW/RQJ7HUP3URJUDP' | &RQGHQVDWLRQ2VFLOODWLRQ/RDGVIRUWKH0DUN,&RQWDLQPHQW/RQJ7HUP3URJUDP' | ||
GDWHG2FWREHU | GDWHG2FWREHU | ||
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP$QDO | *HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP$QDO\VLVRI | ||
)XOO6FDOH7HVW)DFLOLW | )XOO6FDOH7HVW)DFLOLW\IRU&RQGHQVDWLRQ2VFLOODWLRQ/RDGLQJ7DVN'-XO\ | ||
*HQHUDO(OHFWULF /-6RERQ OHWWHUWRWKH15& '*(LVHQKXW ³0DUN,&RQWDLQPHQW | *HQHUDO(OHFWULF /-6RERQ OHWWHUWRWKH15& '*(LVHQKXW ³0DUN,&RQWDLQPHQW | ||
| Line 6,764: | Line 6,764: | ||
'HILQLWLRQ5HSRUW'6HSWHPEHU | 'HILQLWLRQ5HSRUW'6HSWHPEHU | ||
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW/RQJ7HUP3URJUDP | *HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW/RQJ7HUP3URJUDP | ||
'HYHORSPHQWRI'RZQFRPHU/DWHUDO/RDGVIURP)XOO6FDOH7HVW)DFLOLW | 'HYHORSPHQWRI'RZQFRPHU/DWHUDO/RDGVIURP)XOO6FDOH7HVW)DFLOLW\'DWD7DVN | ||
1XPEHU'0D | 1XPEHU'0D\ | ||
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP)LQDO5HSRUW | *HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP)LQDO5HSRUW | ||
0RQWLFHOOR74XHQFKHU7HVW'5$$VLDHWDO-XO | 0RQWLFHOOR74XHQFKHU7HVW'5$$VLDHWDO-XO\ | ||
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP6FDOH | *HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP6FDOH | ||
74XHQFKHU7HVW7DVN1XPEHU'&76DZ | 74XHQFKHU7HVW7DVN1XPEHU'&76DZ\HUHWDO'HFHPEHU | ||
*HQHUDO(OHFWULFUHSRUW1('( 3³$QDO | *HQHUDO(OHFWULFUHSRUW1('( 3³$QDO\WLFDO0RGHOIRU&RPSXWLQJ7UDQVLHQW | ||
3UHVVXUHVDQG)RUFHVLQWKH6DIHW | 3UHVVXUHVDQG)RUFHVLQWKH6DIHW\5HOLHI9DOYH'LVFKDUJH/LQH0DUN,&RQWDLQPHQW | ||
3URJUDP7DVN1XPEHU'$-:KHHOHU)HEUXDU | 3URJUDP7DVN1XPEHU'$-:KHHOHU)HEUXDU\ | ||
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP7RSLFDO | *HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP7RSLFDO | ||
5HSRUW$GGHQGXP&RPSDULVRQRI$QDO | 5HSRUW$GGHQGXP&RPSDULVRQRI$QDO\WLFDO0RGHOIRU&RPSXWLQJ6DIHW\5HOLHI | ||
9DOYH'LVFKDUJH/LQH7UDQVLHQW3UHVVXUHVDQG)RUFHVWR0RQWLFHOOR74XHQFKHU7HVW | 9DOYH'LVFKDUJH/LQH7UDQVLHQW3UHVVXUHVDQG)RUFHVWR0RQWLFHOOR74XHQFKHU7HVW | ||
'DWD7DVN1XPEHU'$-:KHHOHUDQG'$'RXJKHUW | 'DWD7DVN1XPEHU'$-:KHHOHUDQG'$'RXJKHUW\)HEUXDU\ | ||
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP$QDO | *HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP$QDO\WLFDO | ||
0RGHOIRU&RPSXWLQJ$LU%XEEOHDQG%RXQGDU | 0RGHOIRU&RPSXWLQJ$LU%XEEOHDQG%RXQGDU\3UHVVXUHV5HVXOWLQJIURPDQ659 | ||
'LVFKDUJH7KURXJKD74XHQFKHU'HYLFH7DVN1XPEHU'39DODQGDQLDQG: | 'LVFKDUJH7KURXJKD74XHQFKHU'HYLFH7DVN1XPEHU'39DODQGDQLDQG: | ||
7+VLDR-DQXDU | 7+VLDR-DQXDU\ | ||
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP6FDOLQJ | *HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP6FDOLQJ | ||
$QDO | $QDO\VLVIRU0RGHOLQJ,QLWLDO$LU&OHDULQJ&DXVHGE\5HDFWRU6DIHW\5HOLHI9DOYH | ||
'LVFKDUJH'56FKULP)HEUXDU | 'LVFKDUJH'56FKULP)HEUXDU\ | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 6,795: | Line 6,795: | ||
*HQHUDO(OHFWULFUHSRUW$³,QWHULP&RQWDLQPHQW/RDGV5HSRUW ,&/5 0DUN,,, | *HQHUDO(OHFWULFUHSRUW$³,QWHULP&RQWDLQPHQW/RDGV5HSRUW ,&/5 0DUN,,, | ||
&RQWDLQPHQW'5HYLVLRQ2FWREHU | &RQWDLQPHQW'5HYLVLRQ2FWREHU | ||
3HQQV | 3HQQV\OYDQLD3RZHUDQG/LJKW&RPSDQ\ 1:&XUWLV OHWWHUWRWKH15& 2'3DUU | ||
³5HYLVLRQVWR6XVTXHKDQQD6WHDP(OHFWULF6WDWLRQ)LQDO6DIHW | ³5HYLVLRQVWR6XVTXHKDQQD6WHDP(OHFWULF6WDWLRQ)LQDO6DIHW\$QDO\VLV5HSRUW | ||
&KDSWHU66(64XHQFKHU9HULILFDWLRQ7HVW' 3URSULHWDU | &KDSWHU66(64XHQFKHU9HULILFDWLRQ7HVW' 3URSULHWDU\ 'RFNHW1XPEHU | ||
$SULO | $SULO | ||
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP$QDO | *HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP$QDO\WLFDO | ||
0RGHOIRU&RPSXWLQJ:DWHU5LVHLQD6DIHW | 0RGHOIRU&RPSXWLQJ:DWHU5LVHLQD6DIHW\5HOLHI'LVFKDUJH/LQH)ROORZLQJ9DOYH | ||
&ORVXUH7DVN'$-:KHHOHUDQG'$'RXJKHUW | &ORVXUH7DVN'$-:KHHOHUDQG'$'RXJKHUW\2FWREHU | ||
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP0RQWLFHOOR | *HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP0RQWLFHOOR | ||
74XHQFKHU7KHUPDO0L[LQJ7HVW)LQDO5HSRUW7DVN1XPEHU'%-3DWWHUVRQ | 74XHQFKHU7KHUPDO0L[LQJ7HVW)LQDO5HSRUW7DVN1XPEHU'%-3DWWHUVRQ | ||
$SULO | $SULO | ||
*HQHUDO(OHFWULFUHSRUW1('(³$QDO | *HQHUDO(OHFWULFUHSRUW1('(³$QDO\WLFDO0RGHOIRU/LTXLG-HW3URSHUWLHVIRU | ||
3UHGLFWLQJ)RUFHVRQ5LJLG6XEPHUJHG6WUXFWXUHV')-0RRG | 3UHGLFWLQJ)RUFHVRQ5LJLG6XEPHUJHG6WUXFWXUHV')-0RRG\6HSWHPEHU | ||
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP6FDOH | *HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP6FDOH | ||
7HVW5HSRUW/RDGVRQ6XEPHUJHG6WUXFWXUHV'XHWR/2&$$LU%XEEOHVDQG:DWHU | 7HVW5HSRUW/RDGVRQ6XEPHUJHG6WUXFWXUHV'XHWR/2&$$LU%XEEOHVDQG:DWHU | ||
| Line 6,813: | Line 6,813: | ||
6WUXFWXUHV0RGHO0DLQ9HQW$LU'LVFKDUJHV(YDOXDWLRQ5HSRUW7DVN1XPEHU' | 6WUXFWXUHV0RGHO0DLQ9HQW$LU'LVFKDUJHV(YDOXDWLRQ5HSRUW7DVN1XPEHU' | ||
6//LXDQG/(/DVKHU0DUFK | 6//LXDQG/(/DVKHU0DUFK | ||
*HQHUDO(OHFWULFUHSRUW1('2³$QDO | *HQHUDO(OHFWULFUHSRUW1('2³$QDO\WLFDO0RGHOIRU(VWLPDWLQJ'UDJ)RUFHV | ||
RQ5LJLG6XEPHUJHG6WUXFWXUHV&DXVHGE | RQ5LJLG6XEPHUJHG6WUXFWXUHV&DXVHGE\&RQGHQVDWLRQ2VFLOODWLRQVDQG&KXJJLQJ | ||
0DUN,&RQWDLQPHQW'/(/DVKHU$SULO | 0DUN,&RQWDLQPHQW'/(/DVKHU$SULO | ||
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP$QDO | *HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP$QDO\WLFDO | ||
0RGHOIRU74XHQFKHU:DWHU-HW/RDGVRQ6XEPHUJHG6WUXFWXUHV7DVN')7 | 0RGHOIRU74XHQFKHU:DWHU-HW/RDGVRQ6XEPHUJHG6WUXFWXUHV7DVN')7 | ||
'RGJH0D | 'RGJH0D\ | ||
*HQHUDO(OHFWULFUHSRUW1('2³$QDO | *HQHUDO(OHFWULFUHSRUW1('2³$QDO\WLFDO0RGHOIRU(VWLPDWLQJ'UDJ | ||
)RUFHVRQ5LJLG6XEPHUJHG6WUXFWXUHV&DXVHGE | )RUFHVRQ5LJLG6XEPHUJHG6WUXFWXUHV&DXVHGE\/2&$DQG6DIHW\5HOLHI9DOYH | ||
5DPVKHDG$LU'LVFKDUJHV'/(/DVKHU$SULO | 5DPVKHDG$LU'LVFKDUJHV'/(/DVKHU$SULO | ||
*HQHUDO(OHFWULFUHSRUW1('&³0DUN,&RQWDLQPHQW3URJUDP6HLVPLF6ORVK | *HQHUDO(OHFWULFUHSRUW1('&³0DUN,&RQWDLQPHQW3URJUDP6HLVPLF6ORVK | ||
| Line 6,828: | Line 6,828: | ||
5HGXFHG6XEPHUJHQFH)XQFWLRQDO$VVHVVPHQW5HSRUW7DVN1XPEHU'.: | 5HGXFHG6XEPHUJHQFH)XQFWLRQDO$VVHVVPHQW5HSRUW7DVN1XPEHU'.: | ||
:RQJ-XQH | :RQJ-XQH | ||
*HQHUDO(OHFWULFUHSRUW1('0³/RQJ7HUP$SSOLFDWLRQRI'U | *HQHUDO(OHFWULFUHSRUW1('0³/RQJ7HUP$SSOLFDWLRQRI'U\ZHOO:HWZHOO | ||
'LIIHUHQWLDO3UHVVXUH&RQWURO'/'6WHLQDUW0DUFK | 'LIIHUHQWLDO3UHVVXUH&RQWURO'/'6WHLQDUW0DUFK | ||
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP/LPLW | *HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP/LPLW | ||
$QDO | $QDO\VLVRI'RZQFRPHU5LQJ+HDGHU,QWHUVHFWLRQ'-XO\ | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 6,841: | Line 6,841: | ||
*HQHUDO(OHFWULFUHSRUW1('2 ³$QDO | *HQHUDO(OHFWULFUHSRUW1('2 ³$QDO\VLVWR-XVWLI\,QFUHDVHG$OORZDEOH | ||
6WUHVVHVIRUWKH0DUN,9HQW+HDGHU:KHQ6XEMHFWHGWR3RRO6ZHOO,PSDFW/RDGLQJ | 6WUHVVHVIRUWKH0DUN,9HQW+HDGHU:KHQ6XEMHFWHGWR3RRO6ZHOO,PSDFW/RDGLQJ | ||
7DVN1XPEHU'53.HQQHG | 7DVN1XPEHU'53.HQQHG\HWDO0D\ | ||
*HQHUDO(OHFWULFUHSRUW1('2 ³0DUN,&RQWDLQPHQW3URJUDP%DVLF7RUXV | *HQHUDO(OHFWULFUHSRUW1('2 ³0DUN,&RQWDLQPHQW3URJUDP%DVLF7RUXV | ||
6KHOO$QDO | 6KHOO$QDO\VLV7DVN1XPEHU')HEUXDU\ | ||
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,6FDOH3UHVVXUH6XSSUHVVLRQ | *HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,6FDOH3UHVVXUH6XSSUHVVLRQ | ||
3RRO6ZHOO7HVW3URJUDP 3KDVH,97HVWV''/*DO | 3RRO6ZHOO7HVW3URJUDP 3KDVH,97HVWV''/*DO\DUGW0DUFK | ||
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP6FDOH | *HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP6FDOH | ||
3UHVVXUH6XSSUHVVLRQ3RRO6ZHOO7HVW3URJUDP'RZQORDG2VFLOODWLRQ7DVN | 3UHVVXUH6XSSUHVVLRQ3RRO6ZHOO7HVW3URJUDP'RZQORDG2VFLOODWLRQ7DVN | ||
1XPEHU'6HSWHPEHU | 1XPEHU'6HSWHPEHU | ||
*HQHUDO(OHFWULFUHSRUW1('2³0DUN,&RQWDLQPHQW3URJUDP9HQW+HDGHU | *HQHUDO(OHFWULFUHSRUW1('2³0DUN,&RQWDLQPHQW3URJUDP9HQW+HDGHU | ||
'HIOHFWRU/RDG'HILQLWLRQ7DVN':.HQQHG | 'HIOHFWRU/RDG'HILQLWLRQ7DVN':.HQQHG\DQG9.XONDUQL$SULO | ||
*HQHUDO(OHFWULFUHSRUW1('(3³5LJLGDQG)OH[LEOH9HQW+HDGHU7HVWLQJLQ | *HQHUDO(OHFWULFUHSRUW1('(3³5LJLGDQG)OH[LEOH9HQW+HDGHU7HVWLQJLQ | ||
WKH4XDUWHU6FDOH7HVW)DFLOLW | WKH4XDUWHU6FDOH7HVW)DFLOLW\0DUN,&RQWDLQPHQW3URJUDP7DVN': | ||
.HQQHG | .HQQHG\HWDO0DUFK | ||
'HOHWHG | 'HOHWHG | ||
'HOHWHG | 'HOHWHG | ||
³(OHPHQWDU | ³(OHPHQWDU\)OXLG0HFKDQLFV'9HQQDUGS | ||
³-RXUQDORI6WUXFWXUDO'LYLVLRQ'$6&(3DSHUV -XO | ³-RXUQDORI6WUXFWXUDO'LYLVLRQ'$6&(3DSHUV -XO\ | ||
251/16,&9,³865HDFWRU&RQWDLQPHQW7HFKQRORJ | 251/16,&9,³865HDFWRU&RQWDLQPHQW7HFKQRORJ\$&RPSLODWLRQRI&XUUHQW | ||
3UDFWLFHLQ$QDO | 3UDFWLFHLQ$QDO\VLV'HVLJQ&RQVWUXFWLRQ7HVWDQG2SHUDWLRQ'2DN5LGJH1DWLRQDO | ||
/DERUDWRU | /DERUDWRU\DQG%HFKWHO$XJXVW 6HFWLRQ³+\GURJHQ2[\JHQ | ||
5HDFWLRQ'S)LJXUHD | 5HDFWLRQ'S)LJXUHD | ||
'HOHWHG | 'HOHWHG | ||
| Line 6,869: | Line 6,869: | ||
'HOHWHG | 'HOHWHG | ||
187(&+UHSRUWV163WKURXJK³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW | 187(&+UHSRUWV163WKURXJK³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW | ||
8QLTXH$QDO | 8QLTXH$QDO\VLV5HSRUW'5HYLVLRQ1RYHPEHU | ||
*HQHUDO(OHFWULFUHSRUW1('2³0DUN,&RQWDLQPHQW3URJUDP3ODQW8QLTXH | *HQHUDO(OHFWULFUHSRUW1('2³0DUN,&RQWDLQPHQW3URJUDP3ODQW8QLTXH | ||
/RDG'HILQLWLRQ0RQWLFHOOR1XFOHDU3RZHU3ODQW'5HYLVLRQ2FWREHU | /RDG'HILQLWLRQ0RQWLFHOOR1XFOHDU3RZHU3ODQW'5HYLVLRQ2FWREHU | ||
| Line 6,883: | Line 6,883: | ||
187(&+UHSRUW163³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW3ODQW8QLTXH | 187(&+UHSRUW163³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW3ODQW8QLTXH | ||
$QDO | $QDO\VLV5HSRUW7RUXV$WWDFKHG3LSLQJDQG6XSSUHVVLRQ&KDPEHU3HQHWUDWLRQV' | ||
5HYLVLRQ0D | 5HYLVLRQ0D\ | ||
15& '*(LVHQKXW *HQHULF/HWWHU³0RGLILFDWLRQRI9DFXXP%UHDNHUVRQ | 15& '*(LVHQKXW *HQHULF/HWWHU³0RGLILFDWLRQRI9DFXXP%UHDNHUVRQ | ||
0DUN,&RQWDLQPHQW'GDWHG)HEUXDU | 0DUN,&RQWDLQPHQW'GDWHG)HEUXDU\ | ||
*HQHUDO(OHFWULF +3IHIIHUOHQ OHWWHU0)1 WRWKH15& '9DVVDOOR | *HQHUDO(OHFWULF +3IHIIHUOHQ OHWWHU0)1 WRWKH15& '9DVVDOOR | ||
WUDQVPLWWLQJRQEHKDOIRIWKH0DUN,2ZQHUV³0DUN,9DFXXP%UHDNHU,PSURYHG9DOYH | WUDQVPLWWLQJRQEHKDOIRIWKH0DUN,2ZQHUV³0DUN,9DFXXP%UHDNHU,PSURYHG9DOYH | ||
' | '\QDPLF0RGHO0RGHO'HYHORSPHQWDQG9DOLGDWLRQ&',7HFKQLFDO1RWH1R | ||
$XJXVW 'GDWHG2FWREHU | $XJXVW 'GDWHG2FWREHU | ||
163 '00XVROI OHWWHUWRWKH15&³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW(YDOXDWLRQ | 163 '00XVROI OHWWHUWRWKH15&³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW(YDOXDWLRQ | ||
RIWKH0RQWLFHOOR:HWZHOOWR'U | RIWKH0RQWLFHOOR:HWZHOOWR'U\ZHOO9DFXXP%UHDNHU9DOYHV'GDWHG$SULO | ||
1630OHWWHU/07 0$6FKLPPHO WR15&0RQWLFHOOR([WHQGHG3RZHU | 1630OHWWHU/07 0$6FKLPPHO WR15&0RQWLFHOOR([WHQGHG3RZHU | ||
8SUDWHDQG0D[LPXP([WHQGHG/RDG/LQH/LPLW$QDO | 8SUDWHDQG0D[LPXP([WHQGHG/RDG/LQH/LPLW$QDO\VLV3OXV/LFHQVH$PHQGPHQW | ||
5HTXHVWV 6XSSOHPHQWWR$GGUHVV6(&<8VHRI&RQWDLQPHQW$FFLGHQW | 5HTXHVWV 6XSSOHPHQWWR$GGUHVV6(&<8VHRI&RQWDLQPHQW$FFLGHQW | ||
3UHVVXUH 7$&1RV0' DQG0( GDWHG6HSWHPEHU | 3UHVVXUH 7$&1RV0' DQG0( GDWHG6HSWHPEHU | ||
1630OHWWHU/07 0$6FKLPPHO WR15&0RQWLFHOOR([WHQGHG3RZHU | 1630OHWWHU/07 0$6FKLPPHO WR15&0RQWLFHOOR([WHQGHG3RZHU | ||
8SUDWHDQG0D[LPXP([WHQGHG/RDG/LQH/LPLW$QDO | 8SUDWHDQG0D[LPXP([WHQGHG/RDG/LQH/LPLW$QDO\VLV3OXV/LFHQVH$PHQGPHQW | ||
5HTXHVWV 6XSSOHPHQWWR$GGUHVV6(&<8VHRI&RQWDLQPHQW$FFLGHQW | 5HTXHVWV 6XSSOHPHQWWR$GGUHVV6(&<8VHRI&RQWDLQPHQW$FFLGHQW | ||
3UHVVXUH6HFWLRQVDQG 7$&1RV0' DQG0( GDWHG | 3UHVVXUH6HFWLRQVDQG 7$&1RV0' DQG0( GDWHG | ||
| Line 6,906: | Line 6,906: | ||
5HTXHVWVIRU$GGLWLRQDO,QIRUPDWLRQ 7$&0' GDWHG0DUFK | 5HTXHVWVIRU$GGLWLRQDO,QIRUPDWLRQ 7$&0' GDWHG0DUFK | ||
6(&<(QFORVXUH7KH8VHRI&RQWDLQPHQW$FFLGHQW3UHVVXUHLQ5HDFWRU | 6(&<(QFORVXUH7KH8VHRI&RQWDLQPHQW$FFLGHQW3UHVVXUHLQ5HDFWRU | ||
6DIHW | 6DIHW\$QDO\VLV$'$060/ | ||
'HOHWHG | 'HOHWHG | ||
'HOHWHG | 'HOHWHG | ||
| Line 6,913: | Line 6,913: | ||
'HOHWHG | 'HOHWHG | ||
'HOHWHG | 'HOHWHG | ||
*HQHUDO(OHFWULFUHSRUW1('2³6DIHW | *HQHUDO(OHFWULFUHSRUW1('2³6DIHW\$QDO\VLVRIWKH5+5,QWHUWLH/LQH | ||
0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW'-XQH | 0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW'-XQH | ||
*HQHUDO(OHFWULF *+6FRWW OHWWHU0,*WR163 *+1HLOV ³0DUN,&RQWDLQPHQW | *HQHUDO(OHFWULF *+6FRWW OHWWHU0,*WR163 *+1HLOV ³0DUN,&RQWDLQPHQW | ||
3URJUDP5HVSRQVHWR15&RQ+XPSKUH | 3URJUDP5HVSRQVHWR15&RQ+XPSKUH\&RQWDLQPHQW&RQFHUQV'GDWHG | ||
6HSWHPEHU | 6HSWHPEHU | ||
| Line 6,927: | Line 6,927: | ||
*HQHUDO(OHFWULFUHSRUW16(2 ³0DUN,2ZQHUV5HVSRQVHWR+XPSKUH | *HQHUDO(OHFWULFUHSRUW16(2 ³0DUN,2ZQHUV5HVSRQVHWR+XPSKUH\ | ||
&RQWDLQPHQW&RQFHUQV'6HSWHPEHU | &RQWDLQPHQW&RQFHUQV'6HSWHPEHU | ||
0XOWLSOH' | 0XOWLSOH'\QDPLFV&RUSRUDWLRQ ')/HKQHUW OHWWHU1R163 WR163 '0 | ||
0XVROI ³7HFKQLFDO5HYLHZRI*(¶V5HVSRQVHWRWKH+XPSKUH | 0XVROI ³7HFKQLFDO5HYLHZRI*(¶V5HVSRQVHWRWKH+XPSKUH\&RQWDLQPHQW | ||
&RQFHUQVDQG7KHLU$SSOLFDELOLW | &RQFHUQVDQG7KHLU$SSOLFDELOLW\WRWKH0RQWLFHOOR3ODQW'GDWHG0D\ | ||
15& '*(LVHQKXW OHWWHUWR163 '00XVROI ³6DIHW | 15& '*(LVHQKXW OHWWHUWR163 '00XVROI ³6DIHW\(YDOXDWLRQE\WKH2IILFHRI | ||
1XFOHDU5HDFWRU5HJXODWLRQ$SSHQGL[-5HYLHZ'GDWHG-XQH | 1XFOHDU5HDFWRU5HJXODWLRQ$SSHQGL[-5HYLHZ'GDWHG-XQH | ||
15& '%9DVVDOOR OHWWHUWR163 '00XVROI ³0DUN,&RQWDLQPHQW/RQJ7HUP | 15& '%9DVVDOOR OHWWHUWR163 '00XVROI ³0DUN,&RQWDLQPHQW/RQJ7HUP | ||
3URJUDP'GDWHG6HSWHPEHU | 3URJUDP'GDWHG6HSWHPEHU | ||
'HOHWHG | 'HOHWHG | ||
187(&+UHSRUW163³(YDOXDWLRQRI:HWZHOO7R'U | 187(&+UHSRUW163³(YDOXDWLRQRI:HWZHOO7R'U\ZHOO9DFXXP%UHDNHU | ||
5HVSRQVHWR'U | 5HVSRQVHWR'U\ZHOO6SUD\,QLWLDWLRQ'$SULO | ||
15& -$=ZROLQVNL OHWWHUWR163 '00XVROI ³0DUN,&RQWDLQPHQW'U | 15& -$=ZROLQVNL OHWWHUWR163 '00XVROI ³0DUN,&RQWDLQPHQW'U\ZHOO | ||
9DFXXP%UHDNHUV 7$& 'GDWHG-DQXDU | 9DFXXP%UHDNHUV 7$& 'GDWHG-DQXDU\ | ||
'HOHWHG | 'HOHWHG | ||
15& 033KLOOLSV OHWWHUWR163 /5(OLDVRQ ³&ODULILFDWLRQVRI$SSHQGL[- | 15& 033KLOOLSV OHWWHUWR163 /5(OLDVRQ ³&ODULILFDWLRQVRI$SSHQGL[- | ||
5HTXLUHPHQWV'GDWHG-DQXDU | 5HTXLUHPHQWV'GDWHG-DQXDU\ | ||
163 703DUNHU OHWWHUWRWKH15&³5HVSRQVHWR*HQHULF/HWWHU 6XSSOHPHQW | 163 703DUNHU OHWWHUWRWKH15&³5HVSRQVHWR*HQHULF/HWWHU 6XSSOHPHQW | ||
&RQVLGHUDWLRQRIWKH5HVXOWVRI15&VSRQVRUHG7HVWVRI0RWRU2SHUDWHG9DOYHV' | &RQVLGHUDWLRQRIWKH5HVXOWVRI15&VSRQVRUHG7HVWVRI0RWRU2SHUDWHG9DOYHV' | ||
GDWHG$SULO | GDWHG$SULO | ||
15& :2/RQJ OHWWHUWR163 703DUNHU ³0RQWLFHOOR$FNQRZOHGJHPHQWRI | 15& :2/RQJ OHWWHUWR163 703DUNHU ³0RQWLFHOOR$FNQRZOHGJHPHQWRI | ||
*HQHULF/HWWHU 5HVSRQVH 7$&1R 'GDWHG0D | *HQHULF/HWWHU 5HVSRQVH 7$&1R 'GDWHG0D\ | ||
1633URJUDP'RFXPHQW(:,³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW0RWRU | 1633URJUDP'RFXPHQW(:,³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW0RWRU | ||
2SHUDWHG9DOYH3URJUDP' | 2SHUDWHG9DOYH3URJUDP' | ||
*HQHUDO(OHFWULFUHSRUW1('2³*((YDOXDWLRQLQ5HVSRQVHWR15&5HTXHVW | *HQHUDO(OHFWULFUHSRUW1('2³*((YDOXDWLRQLQ5HVSRQVHWR15&5HTXHVW | ||
5HJDUGLQJ%:56FUDP6 | 5HJDUGLQJ%:56FUDP6\VWHP3LSLQJ%UHDNV'$SULO | ||
163 /20D | 163 /20D\HU OHWWHUWRWKH15&³*((YDOXDWLRQRI3RWHQWLDO%:56FUDP3LSH | ||
%UHDNV1('2'GDWHG-XQH | %UHDNV1('2'GDWHG-XQH | ||
185(*³*HQHULF6DIHW | 185(*³*HQHULF6DIHW\(YDOXDWLRQ5HSRUW5HJDUGLQJ,QWHJULW\RI%:56FUDP | ||
6 | 6\VWHP3LSLQJ'$XJXVW | ||
163 /20D | 163 /20D\HU OHWWHUWRWKH15&³GD\UHVSRQVHWR185(*'GDWHG | ||
'HFHPEHU | 'HFHPEHU | ||
%:52ZQHUV*URXS&KDLUPDQ 6')OR | %:52ZQHUV*URXS&KDLUPDQ 6')OR\G OHWWHUWRWKH15&³0DUN,+DUG3LSH9HQW | ||
&ULWHULD'GDWHG0DUFK | &ULWHULD'GDWHG0DUFK | ||
| Line 6,986: | Line 6,986: | ||
$16,,(((6WDQGDUG ³,(((6WDQGDUGIRU(OHFWULF3HQHWUDWLRQ$VVHPEOLHV | $16,,(((6WDQGDUG ³,(((6WDQGDUGIRU(OHFWULF3HQHWUDWLRQ$VVHPEOLHV | ||
LQ&RQWDLQPHQW6WUXFWXUHVIRU1XFOHDU3RZHU*HQHUDWLQJ6WDWLRQV' | LQ&RQWDLQPHQW6WUXFWXUHVIRU1XFOHDU3RZHU*HQHUDWLQJ6WDWLRQV' | ||
15& -*3DUWORZ *HQHULF/HWWHU ³6DIHW | 15& -*3DUWORZ *HQHULF/HWWHU ³6DIHW\5HODWHG0RWRU2SHUDWHG9DOYH | ||
7HVWLQJDQG6XUYHLOODQFH&)5 I 'GDWHG-XQH | 7HVWLQJDQG6XUYHLOODQFH&)5 I 'GDWHG-XQH | ||
185(*³&ODULILFDWLRQRI70,$FWLRQ3ODQ5HTXLUHPHQWV'1RYHPEHU | 185(*³&ODULILFDWLRQRI70,$FWLRQ3ODQ5HTXLUHPHQWV'1RYHPEHU | ||
15&5HJXODWRU | 15&5HJXODWRU\*XLGH ³,QVWUXPHQWDWLRQIRU/LJKW:DWHU&RROHG1XFOHDU3RZHU | ||
3ODQWVWR$VVHVV3ODQWDQG(QYLURQV&RQGLWLRQV'XULQJDQG)ROORZLQJ$Q$FFLGHQW' | 3ODQWVWR$VVHVV3ODQWDQG(QYLURQV&RQGLWLRQV'XULQJDQG)ROORZLQJ$Q$FFLGHQW' | ||
5HYLVLRQ'HFHPEHU | 5HYLVLRQ'HFHPEHU | ||
,(((6WDQGDUG ³,(((6WDQGDUGIRU4XDOLI | ,(((6WDQGDUG ³,(((6WDQGDUGIRU4XDOLI\LQJ&ODVV,((TXLSPHQWIRU | ||
1XFOHDU3RZHU*HQHUDWLQJ6WDWLRQV' | 1XFOHDU3RZHU*HQHUDWLQJ6WDWLRQV' | ||
$16,,(((6WDQGDUG ³,(((5HFRPPHQGHG3UDFWLFHVIRU6HLVPLF | $16,,(((6WDQGDUG ³,(((5HFRPPHQGHG3UDFWLFHVIRU6HLVPLF | ||
| Line 6,998: | Line 6,998: | ||
$60(%RLOHUDQG3UHVVXUH9HVVHO&RGH6HFWLRQ,,,(GLWLRQ | $60(%RLOHUDQG3UHVVXUH9HVVHO&RGH6HFWLRQ,,,(GLWLRQ | ||
'HOHWHG | 'HOHWHG | ||
:5&%XOOHWLQ1R³/RFDO6WUHVVHVLQ6SKHULFDODQG& | :5&%XOOHWLQ1R³/RFDO6WUHVVHVLQ6SKHULFDODQG&\OLQGULFDO6KHOOV'XHWR | ||
([WHUQDO/RDGLQJV'.5:LFKPDQ$*+RSSHUDQG-/0HUVKRQ0DUFK | ([WHUQDO/RDGLQJV'.5:LFKPDQ$*+RSSHUDQG-/0HUVKRQ0DUFK | ||
| Line 7,011: | Line 7,011: | ||
$60(%RLOHUDQG3UHVVXUH9HVVHO&RGH6HFWLRQ9,,, (GLWLRQ | $60(%RLOHUDQG3UHVVXUH9HVVHO&RGH6HFWLRQ9,,, (GLWLRQ | ||
185(*³,QWHULP6WDII3RVLWLRQRQ(QYLURQPHQWDO4XDOLILFDWLRQRI | 185(*³,QWHULP6WDII3RVLWLRQRQ(QYLURQPHQWDO4XDOLILFDWLRQRI | ||
6DIHW | 6DIHW\5HODWHG(OHFWULFDO(TXLSPHQW5HVROXWLRQRI*HQHULF7HFKQLFDO$FWLYLW\$' | ||
'HFHPEHU | 'HFHPEHU | ||
$(&5HSRUW7,'³&DOFXODWLRQRI'LVWDQFH)DFWRUVIRU3RZHUDQG7HVW5HDFWRU | $(&5HSRUW7,'³&DOFXODWLRQRI'LVWDQFH)DFWRUVIRU3RZHUDQG7HVW5HDFWRU | ||
| Line 7,017: | Line 7,017: | ||
*HQHUDO(OHFWULFGRFXPHQW$³&RQWDLQPHQW'DWD6SHFLILFDWLRQ&XVWRPHU | *HQHUDO(OHFWULFGRFXPHQW$³&RQWDLQPHQW'DWD6SHFLILFDWLRQ&XVWRPHU | ||
,QWHUIDFH'DWD'5HYLVLRQ1RYHPEHU | ,QWHUIDFH'DWD'5HYLVLRQ1RYHPEHU | ||
$16,$16 ³$PHULFDQ1DWLRQDO6WDQGDUGIRU'HFD | $16,$16 ³$PHULFDQ1DWLRQDO6WDQGDUGIRU'HFD\+HDW3RZHULQ/LJKW | ||
:DWHU5HDFWRUV' | :DWHU5HDFWRUV' | ||
'HOHWHG | 'HOHWHG | ||
| Line 7,025: | Line 7,025: | ||
163 0)+DPPHU OHWWHUWRWKH15&³6XSSOHPHQWDO,QIRUPDWLRQ5HJDUGLQJWKH | 163 0)+DPPHU OHWWHUWRWKH15&³6XSSOHPHQWDO,QIRUPDWLRQ5HJDUGLQJWKH | ||
6HLVPLF9HULILFDWLRQRIWKH06,9/HDNDJH3DWKDW0RQWLFHOOR 7$&1R0 ' | 6HLVPLF9HULILFDWLRQRIWKH06,9/HDNDJH3DWKDW0RQWLFHOOR 7$&1R0 ' | ||
GDWHG-XO | GDWHG-XO\ | ||
15& 7.LP OHWWHUWR163 52$QGHUVRQ ³,VVXDQFHRI$PHQGPHQW5H 3RZHU | 15& 7.LP OHWWHUWR163 52$QGHUVRQ ³,VVXDQFHRI$PHQGPHQW5H 3RZHU | ||
8SUDWH3URJUDP 7$&1R0 'GDWHG6HSWHPEHU | 8SUDWH3URJUDP 7$&1R0 'GDWHG6HSWHPEHU | ||
15& '0&UXWFKILHOG *HQHULF/HWWHU ³3UHVVXUH/RFNLQJDQG7KHUPDO%LQGLQJ | 15& '0&UXWFKILHOG *HQHULF/HWWHU ³3UHVVXUH/RFNLQJDQG7KHUPDO%LQGLQJ | ||
RI6DIHW | RI6DIHW\5HODWHG3RZHU2SHUDWHG9DOYHV'GDWHG$XJXVW | ||
+DQGERRNRI&KHPLVWU | +DQGERRNRI&KHPLVWU\DQG3K\VLFV WK(GLWLRQ SDJH'³/LPLWVRI | ||
,QIODPDELOLW | ,QIODPDELOLW\RI*DVHVDQG9DSRUVLQ$LU' | ||
15& '/=LHPDQQ OHWWHUWR163 /20D | 15& '/=LHPDQQ OHWWHUWR163 /20D\HU /LFHQVH$PHQGPHQW1RGDWHG | ||
2FWREHU | 2FWREHU | ||
15& -*.HSSOHU OHWWHUWR163 '(*LOEHUWV 5HTXHVWIRU5HVSRQVHWR,(%XOOHWLQ | 15& -*.HSSOHU OHWWHUWR163 '(*LOEHUWV 5HTXHVWIRU5HVSRQVHWR,(%XOOHWLQ | ||
([DPLQDWLRQRI&RQWDLQPHQW/LQHU3HQHWUDWLRQ:HOGVGDWHG$SULO | ([DPLQDWLRQRI&RQWDLQPHQW/LQHU3HQHWUDWLRQ:HOGVGDWHG$SULO | ||
163 '(*LOEHUWV OHWWHUWRWKH15&³5HVSRQVHWR,(%XOOHWLQ'GDWHG-XO | 163 '(*LOEHUWV OHWWHUWRWKH15&³5HVSRQVHWR,(%XOOHWLQ'GDWHG-XO\ | ||
163 &(/DUVRQ OHWWHUWRWKH15& -*.HSSOHU $GGLWLRQDO5HVSRQVHWR,(%XOOHWLQ | 163 &(/DUVRQ OHWWHUWRWKH15& -*.HSSOHU $GGLWLRQDO5HVSRQVHWR,(%XOOHWLQ | ||
| Line 7,042: | Line 7,042: | ||
15&UHSRUW185(*&5³&ORVHRXWRI,(%XOOHWLQ ([DPLQDWLRQRI | 15&UHSRUW185(*&5³&ORVHRXWRI,(%XOOHWLQ ([DPLQDWLRQRI | ||
&RQWDLQPHQW/LQHU3HQHWUDWLRQ:HOGV'GDWHG-XO | &RQWDLQPHQW/LQHU3HQHWUDWLRQ:HOGV'GDWHG-XO\ | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 7,052: | Line 7,052: | ||
15& &)/ | 15& &)/\RQ OHWWHUWR163 52$QGHUVRQ ,VVXDQFHRI$PHQGPHQWUH | ||
5HDFWRU9HVVHO+ | 5HDFWRU9HVVHO+\GURVWDWLFDQG/HDNDJH7HVWLQJ 7$&1R0$ GDWHG | ||
1RYHPEHU | 1RYHPEHU | ||
15& %.*ULPHV *HQHULF/HWWHU ³$VVXUDQFHRI(TXLSPHQW2SHUDELOLW | 15& %.*ULPHV *HQHULF/HWWHU ³$VVXUDQFHRI(TXLSPHQW2SHUDELOLW\DQG | ||
&RQWDLQPHQW,QWHJULW | &RQWDLQPHQW,QWHJULW\'XULQJ'HVLJQ%DVLV$FFLGHQW&RQGLWLRQV'GDWHG6HSWHPEHU | ||
15& -:5RH *HQHULF/HWWHU ³$VVXUDQFHRI(TXLSPHQW2SHUDELOLW | 15& -:5RH *HQHULF/HWWHU ³$VVXUDQFHRI(TXLSPHQW2SHUDELOLW\DQG | ||
&RQWDLQPHQW,QWHJULW | &RQWDLQPHQW,QWHJULW\'XULQJ'HVLJQ%DVLV$FFLGHQW&RQGLWLRQV'6XSSOHPHQW | ||
GDWHG1RYHPEHU | GDWHG1RYHPEHU | ||
15& &)/ | 15& &)/\RQ OHWWHUWR163 0)+DPPHU ³&RPSOHWLRQRI/LFHQVLQJ$FWLRQIRU | ||
*HQHULF/HWWHU $VVXUDQFHRI(TXLSPHQW2SHUDELOLW | *HQHULF/HWWHU $VVXUDQFHRI(TXLSPHQW2SHUDELOLW\DQG&RQWDLQPHQW,QWHJULW\ | ||
'XULQJ'HVLJQ%DVLV$FFLGHQW&RQGLWLRQV' 7$&1R0 GDWHG0D | 'XULQJ'HVLJQ%DVLV$FFLGHQW&RQGLWLRQV' 7$&1R0 GDWHG0D\ | ||
6SHFLILFDWLRQ13'05HY³9DOYHDQG$FWXDWRU5HTXLUHPHQWVIRUWKH0DLQ | 6SHFLILFDWLRQ13'05HY³9DOYHDQG$FWXDWRU5HTXLUHPHQWVIRUWKH0DLQ | ||
6WHDP,VRODWLRQ9DOYHV'GDWHG$SULO | 6WHDP,VRODWLRQ9DOYHV'GDWHG$SULO | ||
*HQHUDO(OHFWULF5HSRUW1('2³(OLPLQDWLRQRI/LPLWRQ/RFDO6XSSUHVVLRQ | *HQHUDO(OHFWULF5HSRUW1('2³(OLPLQDWLRQRI/LPLWRQ/RFDO6XSSUHVVLRQ | ||
3RRO7HPSHUDWXUHIRU659'LVFKDUJHZLWK4XHQFKHUV''HFHPEHU | 3RRO7HPSHUDWXUHIRU659'LVFKDUJHZLWK4XHQFKHUV''HFHPEHU | ||
15& *0+RODKDQ OHWWHUWR%:52* 53LQHOOL ³7UDQVPLWWDORI6DIHW | 15& *0+RODKDQ OHWWHUWR%:52* 53LQHOOL ³7UDQVPLWWDORI6DIHW\(YDOXDWLRQ | ||
*HQHUDO(OHFWULF&RPSDQ | *HQHUDO(OHFWULF&RPSDQ\7RSLFDO5HSRUWV 1('2HQWLWOHG(OLPLQDWLRQRI/LPLW | ||
RQ/RFDO6XSSUHVVLRQ3RRO7HPSHUDWXUHIRU659'LVFKDUJHZLWK4XHQFKHUVDQG | RQ/RFDO6XSSUHVVLRQ3RRO7HPSHUDWXUHIRU659'LVFKDUJHZLWK4XHQFKHUVDQG | ||
1('2 HQWLWOHG%:56XSSUHVVLRQ3RRO7HPSHUDWXUH7HFKQLFDO6SHFLILFDWLRQ | 1('2 HQWLWOHG%:56XSSUHVVLRQ3RRO7HPSHUDWXUH7HFKQLFDO6SHFLILFDWLRQ | ||
/LPLWVGDWHG$XJXVW | /LPLWVGDWHG$XJXVW | ||
15& &)/ | 15& &)/\RQ OHWWHUWR10& -6)RUEHV ³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW | ||
,VVXDQFHRI$PHQGPHQW5( (OLPLQDWLRQRI/RFDO6XSSUHVVLRQ3RRO7HPSHUDWXUH | ,VVXDQFHRI$PHQGPHQW5( (OLPLQDWLRQRI/RFDO6XSSUHVVLRQ3RRO7HPSHUDWXUH | ||
/LPLWV 7$&1R0% 'GDWHG-DQXDU | /LPLWV 7$&1R0% 'GDWHG-DQXDU\ | ||
10& -6)RUEHV OHWWHUWR15&³/LFHQVH$PHQGPHQW5HTXHVW(OLPLQDWLRQRI/RFDO | 10& -6)RUEHV OHWWHUWR15&³/LFHQVH$PHQGPHQW5HTXHVW(OLPLQDWLRQRI/RFDO | ||
6XSSUHVVLRQ3RRO7HPSHUDWXUH/LPLWV'GDWHG0D | 6XSSUHVVLRQ3RRO7HPSHUDWXUH/LPLWV'GDWHG0D\ | ||
15& '6+RRG WR10& -6)RUEHV ³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW | 15& '6+RRG WR10& -6)RUEHV ³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW | ||
,VVXDQFHRI$PHQGPHQWUH /LFHQVH$PHQGPHQW5HTXHVWIRU&RQYHUVLRQWR2SWLRQ | ,VVXDQFHRI$PHQGPHQWUH /LFHQVH$PHQGPHQW5HTXHVWIRU&RQYHUVLRQWR2SWLRQ | ||
| Line 7,083: | Line 7,083: | ||
10& (-:HLQNDP OHWWHUWR15&³$SSOLFDWLRQIRU7HFKQLFDO6SHFLILFDWLRQ | 10& (-:HLQNDP OHWWHUWR15&³$SSOLFDWLRQIRU7HFKQLFDO6SHFLILFDWLRQ | ||
,PSURYHPHQWWR(OLPLQDWH5HTXLUHPHQWVIRU+ | ,PSURYHPHQWWR(OLPLQDWH5HTXLUHPHQWVIRU+\GURJHQ5HFRPELQHUVDQG | ||
+ | +\GURJHQ2[\JHQ0RQLWRUV8VLQJWKH&RQVROLGDWHG/LQH,WHP,PSURYHPHQW | ||
3URFHVV'GDWHG-DQXDU | 3URFHVV'GDWHG-DQXDU\ | ||
15& /03DGRYDQ OHWWHUWR10& 7-3DOPLVDQR ³0RQWLFHOOR1XFOHDU*HQHUDWLQJ | 15& /03DGRYDQ OHWWHUWR10& 7-3DOPLVDQR ³0RQWLFHOOR1XFOHDU*HQHUDWLQJ | ||
3ODQW,VVXDQFHRI$PHQGPHQW5( (OLPLQDWLRQRI5HTXLUHPHQWVIRU+ | 3ODQW,VVXDQFHRI$PHQGPHQW5( (OLPLQDWLRQRI5HTXLUHPHQWVIRU+\GURJHQ | ||
5HFRPELQHUVDQG+ | 5HFRPELQHUVDQG+\GURJHQDQG2[\JHQ0RQLWRUV' 7$&1R0& GDWHG0D\ | ||
/$5 | /$5 | ||
'HOHWHG | 'HOHWHG | ||
| Line 7,102: | Line 7,102: | ||
'HOHWHG | 'HOHWHG | ||
10& 7-3DOPLVDQR OHWWHUWR15&³6XSSOHPHQWWR/LFHQVH$PHQGPHQW5HTXHVW | 10& 7-3DOPLVDQR OHWWHUWR15&³6XSSOHPHQWWR/LFHQVH$PHQGPHQW5HTXHVW | ||
6HOHFWLYH6FRSH$SSOLFDWLRQRIDQ$OWHUQDWLYH6RXUFH7HUP0HWKRGRORJ | 6HOHFWLYH6FRSH$SSOLFDWLRQRIDQ$OWHUQDWLYH6RXUFH7HUP0HWKRGRORJ\IRU | ||
5HHYDOXDWLRQRIWKH)XHO+DQGOLQJ$FFLGHQW'GDWHG1RYHPEHU | 5HHYDOXDWLRQRIWKH)XHO+DQGOLQJ$FFLGHQW'GDWHG1RYHPEHU | ||
/HWWHUIURP'RQDOG-6NRYKRW$(&WR$UWKXU9'LHKDUW163 6XEMHFW 'U | /HWWHUIURP'RQDOG-6NRYKRW$(&WR$UWKXU9'LHKDUW163 6XEMHFW 'U\ZHOOWR | ||
6XSSUHVVLRQ&KDPEHULPPHGLDWHDFWLRQVDQGUHTXHVWHGLQIRUPDWLRQGDWHG-DQXDU | 6XSSUHVVLRQ&KDPEHULPPHGLDWHDFWLRQVDQGUHTXHVWHGLQIRUPDWLRQGDWHG-DQXDU\ | ||
/HWWHUIURP/20D | /HWWHUIURP/20D\HU163WR'RQDOG-6NRYKRW$(& 6XEMHFW 5HSRUWRQ7RUXVWR | ||
'U | 'U\ZHOO9DFXXP%UHDNHUVGDWHG0DUFK | ||
/HWWHUIURP'HQQLV/=LHPDQQ15&WR/20D | /HWWHUIURP'HQQLV/=LHPDQQ15&WR/20D\HU163 6XEMHFW $PHQGPHQW | ||
FKDQJHWRWKH7HFKQLFDO6SHFLILFDWLRQVGDWHG)HEUXDU | FKDQJHWRWKH7HFKQLFDO6SHFLILFDWLRQVGDWHG)HEUXDU\ | ||
15& 367DP OHWWHUWR10& -7&RQZD | 15& 367DP OHWWHUWR10& -7&RQZD\ ³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW | ||
,VVXDQFH2I([HPSWLRQ7R&HUWDLQ&)53DUW$SSHQGL[-5HTXLUHPHQWV 7$& | ,VVXDQFH2I([HPSWLRQ7R&HUWDLQ&)53DUW$SSHQGL[-5HTXLUHPHQWV 7$& | ||
1R0' 'GDWHG'HFHPEHU | 1R0' 'GDWHG'HFHPEHU | ||
5HJXODWRU | 5HJXODWRU\*XLGH³&RQWURORI&RPEXVWLEOH*DV&RQFHQWUDWLRQVLQ&RQWDLQPHQW' | ||
5HYLVLRQ0DUFK | 5HYLVLRQ0DUFK | ||
7RSLFDO5HSRUW%17237HVWLQJ&ULWHULDIRU,QWHJUDWHG/HDNDJH5DWH7HVWLQJRI | 7RSLFDO5HSRUW%17237HVWLQJ&ULWHULDIRU,QWHJUDWHG/HDNDJH5DWH7HVWLQJRI | ||
3ULPDU | 3ULPDU\&RQWDLQPHQW6WUXFWXUHVIRU1XFOHDU3RZHU3ODQWV5HYLVLRQ | ||
*('RFXPHQW*(1( 5&RQWDLQPHQW$QDO | *('RFXPHQW*(1( 5&RQWDLQPHQW$QDO\VLV,QSXW3DUDPHWHUV | ||
'DWD)RUP23/$ $SULO | 'DWD)RUP23/$ $SULO | ||
*(+LWDFKL(383URMHFW7DVN5HSRUW*(1( 7555HYLVLRQ | *(+LWDFKL(383URMHFW7DVN5HSRUW*(1( 7555HYLVLRQ | ||
7DVN7 &RQWDLQPHQW6 | 7DVN7 &RQWDLQPHQW6\VWHP5HVSRQVH)HEUXDU\ 0RQWLFHOOR | ||
FDOFXODWLRQQXPEHU | FDOFXODWLRQQXPEHU | ||
*(+LWDFKL5HSRUW1('&35HYLVLRQ6DIHW | *(+LWDFKL5HSRUW1('&35HYLVLRQ6DIHW\$QDO\VLV5HSRUWIRU0RQWLFHOOR | ||
&RQVWDQW3UHVVXUH3RZHU8SUDWH2FWREHU | &RQVWDQW3UHVVXUH3RZHU8SUDWH2FWREHU | ||
15& 7$%HOW] OHWWHUWR1630 .')LOL 0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW | 15& 7$%HOW] OHWWHUWR1630 .')LOL 0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW | ||
,VVXDQFHRI$PHQGPHQW1RWR5HQHZHG)DFLOLW | ,VVXDQFHRI$PHQGPHQW1RWR5HQHZHG)DFLOLW\2SHUDWLQJ/LFHQVH5HJDUGLQJ | ||
([WHQGHG3RZHU8SUDWH 7$&1R0' GDWHG'HFHPEHU | ([WHQGHG3RZHU8SUDWH 7$&1R0' GDWHG'HFHPEHU | ||
1630OHWWHU/07 7-2 | 1630OHWWHU/07 7-2 | ||
&RQQRU WR15&0RQWLFHOOR([WHQGHG3RZHU | &RQQRU WR15&0RQWLFHOOR([WHQGHG3RZHU | ||
8SUDWH 8SGDWHVWR(QFORVXUHVDQGRI/07DQG(QFORVXUHRI | 8SUDWH 8SGDWHVWR(QFORVXUHVDQGRI/07DQG(QFORVXUHRI | ||
/07 7$&0' GDWHG-DQXDU | /07 7$&0' GDWHG-DQXDU\ | ||
1630OHWWHU/07 7-2 | 1630OHWWHU/07 7-2 | ||
&RQQRU WR15&0RQWLFHOOR([WHQGHG3RZHU | &RQQRU WR15&0RQWLFHOOR([WHQGHG3RZHU | ||
8SUDWH 5HVSRQVHWR15&&RQWDLQPHQWDQG9HQWLODWLRQ5HYLHZ%UDQFK5HTXHVWIRU | 8SUDWH 5HVSRQVHWR15&&RQWDLQPHQWDQG9HQWLODWLRQ5HYLHZ%UDQFK5HTXHVWIRU | ||
$GGLWLRQDO,QIRUPDWLRQGDWHG0DUFK DQG0DUFK 7$&1R | $GGLWLRQDO,QIRUPDWLRQGDWHG0DUFK DQG0DUFK 7$&1R | ||
0' GDWHG-XO | 0' GDWHG-XO\ | ||
163 '00XVROI OHWWHUWR15&6XEPLWWDORIWKH0RQWLFHOOR0DUN,&RQWDLQPHQW/RQJ | 163 '00XVROI OHWWHUWR15&6XEPLWWDORIWKH0RQWLFHOOR0DUN,&RQWDLQPHQW/RQJ | ||
7HUP3URJUDP3ODQW8QLTXH$QDO | 7HUP3URJUDP3ODQW8QLTXH$QDO\VLV5HSRUWGDWHG'HFHPEHU | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 7,148: | Line 7,148: | ||
10&(383URMHFW7DVN5HSRUW7 5HY7DVN7 6WDQGE | 10&(383URMHFW7DVN5HSRUW7 5HY7DVN7 6WDQGE\*DV7UHDWPHQW | ||
6 | 6\VWHP-DQXDU\ 0RQWLFHOORFDOFXODWLRQ | ||
*(/LFHQVLQJ7RSLFDO5HSRUW1('&3$&RQVWDQW3UHVVXUH3RZHU8SUDWH | *(/LFHQVLQJ7RSLFDO5HSRUW1('&3$&RQVWDQW3UHVVXUH3RZHU8SUDWH | ||
5HYLVLRQ-XO | 5HYLVLRQ-XO\ | ||
*(+LWDFKL(383URMHFW7DVN5HSRUW*(1( 75525HYLVLRQ | *(+LWDFKL(383URMHFW7DVN5HSRUW*(1( 75525HYLVLRQ | ||
7DVN7 1XFOHDU%RLOHU6 | 7DVN7 1XFOHDU%RLOHU6\VWHP1RYHPEHU 0RQWLFHOORFDOFXODWLRQ | ||
QXPEHU | QXPEHU | ||
*(5HSRUW1('(3$*HQHUDO(OHFWULF0RGHOIRU/2&$$QDO | *(5HSRUW1('(3$*HQHUDO(OHFWULF0RGHOIRU/2&$$QDO\VLVLQ | ||
$FFRUGDQFHZLWK&)5$SSHQGL[.GDWHG6HSWHPEHU | $FFRUGDQFHZLWK&)5$SSHQGL[.GDWHG6HSWHPEHU | ||
*(/LFHQVLQJ7RSLFDO5HSRUW1('&3$*HQHULF*XLGHOLQHVIRU*HQHUDO | *(/LFHQVLQJ7RSLFDO5HSRUW1('&3$*HQHULF*XLGHOLQHVIRU*HQHUDO | ||
(OHFWULF%RLOLQJ:DWHU5HDFWRU([WHQGHG3RZHU8SUDWHGDWHG)HEUXDU | (OHFWULF%RLOLQJ:DWHU5HDFWRU([WHQGHG3RZHU8SUDWHGDWHG)HEUXDU\ | ||
%:52ZQHU V*URXS(PHUJHQF | %:52ZQHU V*URXS(PHUJHQF\3URFHGXUHDQG6HYHUH$FFLGHQW*XLGHOLQHV | ||
$SSHQGL[%5HYLVLRQ)HEUXDU | $SSHQGL[%5HYLVLRQ)HEUXDU\ | ||
0RQWLFHOORSURFHGXUH&*05HYLVLRQ(PHUJHQF | 0RQWLFHOORSURFHGXUH&*05HYLVLRQ(PHUJHQF\3URFHGXUHV*XLGHOLQH | ||
WR3ODQW6SHFLILF7HFKQLFDO*XLGHOLQH'LIIHUHQFHV'RFXPHQW | WR3ODQW6SHFLILF7HFKQLFDO*XLGHOLQH'LIIHUHQFHV'RFXPHQW | ||
*(+LWDFKL(383URMHFW7DVN5HSRUW*(1( 7555HYLVLRQ | *(+LWDFKL(383URMHFW7DVN5HSRUW*(1( 7555HYLVLRQ | ||
7DVN7 7UDQVLHQW$QDO | 7DVN7 7UDQVLHQW$QDO\VLV'HFHPEHU | ||
1630OHWWHU/07 0$6FKLPPHO WR15&0RQWLFHOOR([WHQGHG3RZHU | 1630OHWWHU/07 0$6FKLPPHO WR15&0RQWLFHOOR([WHQGHG3RZHU | ||
8SUDWH (38 5HVSRQVHWR5HTXHVWIRU$GGLWLRQDO,QIRUPDWLRQ(OHFWULFDO | 8SUDWH (38 5HVSRQVHWR5HTXHVWIRU$GGLWLRQDO,QIRUPDWLRQ(OHFWULFDO | ||
| Line 7,173: | Line 7,173: | ||
(QJLQHHULQJ&KDQJH 5HYLVLRQ136+0DUJLQ$VVHVVPHQWRIWKH(&&6 | (QJLQHHULQJ&KDQJH 5HYLVLRQ136+0DUJLQ$VVHVVPHQWRIWKH(&&6 | ||
3XPSV'XULQJ$SSHQGL[5(YHQWV | 3XPSV'XULQJ$SSHQGL[5(YHQWV | ||
*(+LWDFKL5HSRUW1('&35HYLVLRQ6DIHW | *(+LWDFKL5HSRUW1('&35HYLVLRQ6DIHW\$QDO\VLV5HSRUW0RQWLFHOOR | ||
0D[LPXP([WHQGHG/RDG/LQH/LPLW$QDO | 0D[LPXP([WHQGHG/RDG/LQH/LPLW$QDO\VLV3OXV'HFHPEHU | ||
15& 7$%HOW] OHWWHUWR1630 .')LOL 0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW | 15& 7$%HOW] OHWWHUWR1630 .')LOL 0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW | ||
,VVXDQFHRI$PHQGPHQW1RWR5HQHZHG)DFLOLW | ,VVXDQFHRI$PHQGPHQW1RWR5HQHZHG)DFLOLW\2SHUDWLQJ/LFHQVH5HJDUGLQJ | ||
0D[LPXP([WHQGHG/RDG/LQH/LPLW$QDO | 0D[LPXP([WHQGHG/RDG/LQH/LPLW$QDO\VLV3OXV 7$&1R0( GDWHG0DUFK | ||
$13 5HY0RQWLFHOOR/LFHQVLQJ$QDO | $13 5HY0RQWLFHOOR/LFHQVLQJ$QDO\VLVIRU(): (380(///$ | ||
)HEUXDU | )HEUXDU\ | ||
$135HY0RQWLFHOOR/2&$0$3/+*5/LPLWVIRU(38():ZLWK$75,80 | $135HY0RQWLFHOOR/2&$0$3/+*5/LPLWVIRU(38():ZLWK$75,80 | ||
;0)XHODQG5HYLVHG(&&63DUDPHWHUV-DQXDU | ;0)XHODQG5HYLVHG(&&63DUDPHWHUV-DQXDU\ | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 7,190: | Line 7,190: | ||
5HYLVLRQ | 5HYLVLRQ | ||
3DJH RI | 3DJH RI | ||
861XFOHDU5HJXODWRU | 861XFOHDU5HJXODWRU\&RPPLVVLRQ 15& 2UGHU($ ³,VVXDQFHRI2UGHUWR | ||
0RGLI | 0RGLI\/LFHQVHVZLWK5HJDUGWR5HOLDEOH+DUGHQHG&RQWDLQPHQW9HQWV&DSDEOHRI | ||
2SHUDWLRQXQGHU6HYHUH$FFLGHQW&RQGLWLRQV'-XQH | 2SHUDWLRQXQGHU6HYHUH$FFLGHQW&RQGLWLRQV'-XQH | ||
1XFOHDU(QHUJ | 1XFOHDU(QHUJ\,QVWLWXWH1(,5HYLVLRQ³,QGXVWU\*XLGDQFHIRU&RPSOLDQFH | ||
ZLWK2UGHU($ %:50DUN, ,,5HOLDEOH+DUGHQHG&RQWDLQPHQW9HQWV | ZLWK2UGHU($ %:50DUN, ,,5HOLDEOH+DUGHQHG&RQWDLQPHQW9HQWV | ||
&DSDEOHRI2SHUDWLRQ8QGHU6HYHUH$FFLGHQW&RQGLWLRQV' | &DSDEOHRI2SHUDWLRQ8QGHU6HYHUH$FFLGHQW&RQGLWLRQV' | ||
-/',6*&RPSOLDQFHZLWK2UGHU($ 2UGHU0RGLI | -/',6*&RPSOLDQFHZLWK2UGHU($ 2UGHU0RGLI\LQJ/LFHQVHV | ||
ZLWK5HJDUGWR5HOLDEOH+DUGHQHG&RQWDLQPHQW9HQWV&DSDEOHRI2SHUDWLRQXQGHU | ZLWK5HJDUGWR5HOLDEOH+DUGHQHG&RQWDLQPHQW9HQWV&DSDEOHRI2SHUDWLRQXQGHU | ||
6HYHUH$FFLGHQW&RQGLWLRQV1RYHPEHU | 6HYHUH$FFLGHQW&RQGLWLRQV1RYHPEHU | ||
-/',6*&RPSOLDQFHZLWK3KDVHRI2UGHU($ 2UGHU0RGLI | -/',6*&RPSOLDQFHZLWK3KDVHRI2UGHU($ 2UGHU0RGLI\LQJ | ||
/LFHQVHVZLWK5HJDUGWR5HOLDEOH+DUGHQHG&RQWDLQPHQW9HQWV&DSDEOHRI | /LFHQVHVZLWK5HJDUGWR5HOLDEOH+DUGHQHG&RQWDLQPHQW9HQWV&DSDEOHRI | ||
2SHUDWLRQXQGHU6HYHUH$FFLGHQW&RQGLWLRQV$SULO | 2SHUDWLRQXQGHU6HYHUH$FFLGHQW&RQGLWLRQV$SULO | ||
15& 5).XQW] OHWWHUWR1630 &&KXUFK 0RQWLFHOOR1XFOHDU*HQHUDWLQJ | 15& 5).XQW] OHWWHUWR1630 &&KXUFK 0RQWLFHOOR1XFOHDU*HQHUDWLQJ | ||
3ODQW,VVXDQFHRI$PHQGPHQW5H $GRSWLRQRI767)5HYLVH6HFRQGDU | 3ODQW,VVXDQFHRI$PHQGPHQW5H $GRSWLRQRI767)5HYLVH6HFRQGDU\ | ||
&RQWDLQPHQW6XUYHLOODQFH5HTXLUHPHQWV (3,'///$ GDWHG | &RQWDLQPHQW6XUYHLOODQFH5HTXLUHPHQWV (3,'///$ GDWHG | ||
1RYHPEHU | 1RYHPEHU | ||
| Line 7,227: | Line 7,227: | ||
)LJXUH | )LJXUH | ||
3UHVVXUH6XSSUHVVLRQ&RQWDLQPHQW6 | 3UHVVXUH6XSSUHVVLRQ&RQWDLQPHQW6\VWHP | ||
| Line 7,239: | Line 7,239: | ||
)LJXUH | )LJXUH | ||
7 | 7\SLFDO(OHFWULFDO3HQHWUDWLRQ$VVHPEO\&DQLVWHU | ||
| Line 7,249: | Line 7,249: | ||
3DJHRI | 3DJHRI | ||
)LJXUHD | )LJXUHD | ||
0RGXODU(OHFWULFDO3HQHWUDWLRQ$VVHPEO | 0RGXODU(OHFWULFDO3HQHWUDWLRQ$VVHPEO\ | ||
| Line 7,262: | Line 7,262: | ||
)LJXUH | )LJXUH | ||
&HQWHU6HFWLRQ/RZ9ROWDJH3RZHUDQG&RQWURO(OHFWULFDO3HQHWUDWLRQ | &HQWHU6HFWLRQ/RZ9ROWDJH3RZHUDQG&RQWURO(OHFWULFDO3HQHWUDWLRQ | ||
$VVHPEO | $VVHPEO\ | ||
3277,1* | 3277,1* | ||
| Line 7,289: | Line 7,289: | ||
)LJXUH | )LJXUH | ||
&HQWHU6HFWLRQ6KLHOGHG6LJQDO&DEOH(OHFWULFDO3HQHWUDWLRQ$VVHPEO | &HQWHU6HFWLRQ6KLHOGHG6LJQDO&DEOH(OHFWULFDO3HQHWUDWLRQ$VVHPEO\ | ||
| Line 7,301: | Line 7,301: | ||
)LJXUH | )LJXUH | ||
&HQWHU6HFWLRQ+LJK9ROWDJH3RZHU(OHFWULFDO3HQHWUDWLRQ$VVHPEO | &HQWHU6HFWLRQ+LJK9ROWDJH3RZHU(OHFWULFDO3HQHWUDWLRQ$VVHPEO\ | ||
| Line 7,313: | Line 7,313: | ||
)LJXUHD | )LJXUHD | ||
(OHFWULFDO3HQHWUDWLRQ$VVHPEO | (OHFWULFDO3HQHWUDWLRQ$VVHPEO\ 'U\ZHOO3HQHWUDWLRQV; ; | ||
7KHUPRFRXSOH&RQQHFWRU FLUFXLWV | 7KHUPRFRXSOH&RQQHFWRU FLUFXLWV | ||
7ULD[LDO&RQQHFWRU WRWDORIVL[RQO | 7ULD[LDO&RQQHFWRU WRWDORIVL[RQO\RQHVKRZQ | ||
86$5 | 86$5 | ||
| Line 7,328: | Line 7,328: | ||
3DJHRI | 3DJHRI | ||
)LJXUH | )LJXUH | ||
&HQWHU6HFWLRQ+RW)OXLG3LSLQJ3HQHWUDWLRQ$VVHPEO | &HQWHU6HFWLRQ+RW)OXLG3LSLQJ3HQHWUDWLRQ$VVHPEO\ | ||
| Line 7,338: | Line 7,338: | ||
3DJHRI | 3DJHRI | ||
)LJXUH | )LJXUH | ||
&HQWHU6HFWLRQ&ROG)OXLG3LSLQJ3HQHWUDWLRQ$VVHPEO | &HQWHU6HFWLRQ&ROG)OXLG3LSLQJ3HQHWUDWLRQ$VVHPEO\ | ||
| Line 7,378: | Line 7,378: | ||
)LJXUHRD | )LJXUHRD | ||
'U | 'U\ZHOODQG:HWZHOO5HVSRQVH'%$/2&$6KRUW7HUP | ||
| Line 7,390: | Line 7,390: | ||
)LJXUHRE | )LJXUHRE | ||
'U | 'U\ZHOODQG:HWZHOO3UHVVXUH'%$/2&$/RQJ7HUP | ||
3GZDQG3ZZ | 3GZDQG3ZZ | ||
7KLVILJXUHSURYLGHVZHWZHOODQGGU | 7KLVILJXUHSURYLGHVZHWZHOODQGGU\ZHOOSUHVVXUHVIRUWKHFDVHWKDWPD[LPL]HVVXSSUHVVLRQSRRO | ||
WHPSHUDWXUH7KHSHDNZHWZHOOSUHVVXUHVDUHIRUWKHFDVHWKDWPD[LPL]HVFRQWDLQPHQW | WHPSHUDWXUH7KHSHDNZHWZHOOSUHVVXUHVDUHIRUWKHFDVHWKDWPD[LPL]HVFRQWDLQPHQW | ||
SUHVVXUHVZKLFKLVWKHVLQJOHDFWLYHIDLOXUHRIDQHPHUJHQF | SUHVVXUHVZKLFKLVWKHVLQJOHDFWLYHIDLOXUHRIDQHPHUJHQF\GLHVHOJHQHUDWRU | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 7,406: | Line 7,406: | ||
)LJXUHRF | )LJXUHRF | ||
'%$/2&$6KRUW7HUP$QDO | '%$/2&$6KRUW7HUP$QDO\VLV&RUH6SUD\3XPS136+$YDLODEOH | ||
| Line 7,419: | Line 7,419: | ||
)LJXUHRG | )LJXUHRG | ||
'%$/2&$/RQJ7HUP$QDO | '%$/2&$/RQJ7HUP$QDO\VLV&RUH6SUD\3XPS136+0DUJLQ | ||
*27+,&5HDOLVWLF+/-7KLVDQDO | *27+,&5HDOLVWLF+/-7KLVDQDO\VLVXVHGLQSXWVWKDWDUHPHW RIWKHWLPHDW01*3IRU | ||
VXSSUHVVLRQSRROWHPSHUDWXUHVHUYLFHZDWHUWHPSHUDWXUHVXSSUHVVLRQSRROYROXPHDQG | VXSSUHVVLRQSRROWHPSHUDWXUHVHUYLFHZDWHUWHPSHUDWXUHVXSSUHVVLRQSRROYROXPHDQG | ||
GU | GU\ZHOOWHPSHUDWXUH | ||
*27+,&&RQVHUYDWLYH+/-7KLVDQDO | *27+,&&RQVHUYDWLYH+/-7KLVDQDO\VLVXVHGWKHVDPHLQSXWVDVWKH6+(;DQDO\VLVH[FHSWWKDWD | ||
WHPSHUDWXUHGHSHQGHQW.YDOXHLVXVHGIRU5+5KHDWH[FKDQJHUSHUIRUPDQFH,QDGGLWLRQ | WHPSHUDWXUHGHSHQGHQW.YDOXHLVXVHGIRU5+5KHDWH[FKDQJHUSHUIRUPDQFH,QDGGLWLRQ | ||
WKHFRGHXVHGLVWKHEHVWHVWLPDWH*27+,&FRGHYVWKHFRQVHUYDWLYH6+(;FRGH | WKHFRGHXVHGLVWKHEHVWHVWLPDWH*27+,&FRGHYVWKHFRQVHUYDWLYH6+(;FRGH | ||
0RQWH&DUOR+/-7KLVDQDO | 0RQWH&DUOR+/-7KLVDQDO\VLVZDVSURYLGHGLQ1('&3$SSHQGL[$ 5HIHUHQFH 7KLV | ||
DOORZHGLQSXWVWRYDU | DOORZHGLQSXWVWRYDU\IURPWKHPRVWOLPLWLQJGHWHUPLQLVWLFYDOXHVZKLOHPDLQWDLQLQJD | ||
DVVHVVPHQWRIFRQWDLQPHQWUHVSRQVH | DVVHVVPHQWRIFRQWDLQPHQWUHVSRQVH | ||
6+(;+/-7KLVDQDO | 6+(;+/-7KLVDQDO\VLVLVWKHOLFHQVLQJEDVLVDQDO\VLVSHUIRUPHGXVLQJDFRPELQDWLRQRIWKHPRVW | ||
OLPLWLQJLQSXWDVVXPSWLRQVDQGFRQWDLQPHQWFRROLQJSURYLGHGE | OLPLWLQJLQSXWDVVXPSWLRQVDQGFRQWDLQPHQWFRROLQJSURYLGHGE\FRQWDLQPHQWVSUD\ZLWKD | ||
FRQVWDQW.YDOXHIRU5+5KHDWH[FKDQJHUSHUIRUPDQFH | FRQVWDQW.YDOXHIRU5+5KHDWH[FKDQJHUSHUIRUPDQFH | ||
1RWH 7KHWLPHRIWKHPD[LPXPVXSSUHVVLRQSRROWHPSHUDWXUHEDVHGRQWKH6+(;DQDO | 1RWH 7KHWLPHRIWKHPD[LPXPVXSSUHVVLRQSRROWHPSHUDWXUHEDVHGRQWKH6+(;DQDO\VLVLV | ||
VHFRQGVDQGLV) | VHFRQGVDQGLV) | ||
7KLVVKRZVWKHOLPLWLQJFRUHVSUD | 7KLVVKRZVWKHOLPLWLQJFRUHVSUD\SXPS136+UHVSRQVHIRUWKHORQJWHUPLH!VHFRQGV,Q | ||
WKHILUVWVHFRQGVRIWKHHYHQW136+PDUJLQLVQHJDWLYHDIWHUDERXWVHFRQGVXQWLO | WKHILUVWVHFRQGVRIWKHHYHQW136+PDUJLQLVQHJDWLYHDIWHUDERXWVHFRQGVXQWLO | ||
RSHUDWRUDFWLRQLVWDNHQWRUHGXFHSXPSIORZUDWHVWRYDOXHVDVVXPHGLQWKHORQJWHUPFRUH | RSHUDWRUDFWLRQLVWDNHQWRUHGXFHSXPSIORZUDWHVWRYDOXHVDVVXPHGLQWKHORQJWHUPFRUH | ||
FRROLQJDQDO | FRROLQJDQDO\VLV | ||
0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | 0217,&(//283'$7('6$)(7<$1$/<6,65(3257 | ||
| Line 7,451: | Line 7,451: | ||
)LJXUHS | )LJXUHS | ||
'U | 'U\ZHOO7HPSHUDWXUH5HVSRQVH | ||
| Line 7,479: | Line 7,479: | ||
)LJXUH | )LJXUH | ||
(QHUJ | (QHUJ\5HTXLUHPHQWWR3HQHWUDWH'U\ZHOO | ||
| Line 7,527: | Line 7,527: | ||
)LJXUH | )LJXUH | ||
&DOFXODWHG5DQJHRI5HDFWRU%XLOGLQJ([ILOWUDWLRQ5DWHVDVD | &DOFXODWHG5DQJHRI5HDFWRU%XLOGLQJ([ILOWUDWLRQ5DWHVDVD | ||
)XQFWLRQRI:LQG9HORFLW | )XQFWLRQRI:LQG9HORFLW\ | ||
}} | }} | ||
Latest revision as of 07:24, 21 February 2026
| ML23006A144 | |
| Person / Time | |
|---|---|
| Site: | Monticello  |
| Issue date: | 12/19/2022 |
| From: | Xcel Energy, Northern States Power Company, Minnesota |
| To: | Office of Nuclear Reactor Regulation |
| Shared Package | |
| ML23006A159 | List:
|
| References | |
| L-MT-22-021 | |
| Download: ML23006A144 (1) | |
Text
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7$%/(2)&217(176
6HFWLRQ
3DJH
5.1 6XPPDU\'HVFULSWLRQ
5.2 3ULPDU\&RQWDLQPHQW6\VWHP
'HVLJQ&ULWHULD
&RQWDLQPHQW6\VWHPV&ULWHULD
&RQWDLQPHQW$X[LOLDU\6\VWHPV&ULWHULD
&RROLQJDQG9HQWLODWLRQ6\VWHP
,VRODWLRQ6\VWHP
9HQWDQG9DFXXP5HOLHI6\VWHP
&RQWDLQPHQW3HQHWUDWLRQV
3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO
+DUG3LSH9HQW6\VWHP
'HVFULSWLRQ
3UHVVXUH6XSSUHVVLRQ6\VWHP
3ULPDU\&RQWDLQPHQW
6XSSUHVVLRQ&KDPEHU
&RQWDLQPHQW3HQHWUDWLRQV
(OHFWULFDO3HQHWUDWLRQ
/RZ9ROWDJH$VVHPEO\
6KLHOGHG6LJQDO&DEOHV
+LJK9ROWDJH&DEOH
3LSLQJ3HQHWUDWLRQV
3ULPDU\&RQWDLQPHQW$X[LOLDU\6\VWHPV
6SUD\&RROLQJ6\VWHP
&RROLQJDQG9HQWLODWLRQ6\VWHP
&RQWDLQPHQW,VRODWLRQ9DOYHV
'HVFULSWLRQRI,QERDUG06,9V
'HVFULSWLRQRI2XWERDUG06,9V
9HQWDQG9DFXXP5HOLHI6\VWHP
&RQWDLQPHQW0RQLWRUV
3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO6\VWHP
&RQWDLQPHQW$WPRVSKHUH0RQLWRULQJ6\VWHP
6XSSUHVVLRQ3RRO7HPSHUDWXUH0RQLWRULQJ6\VWHP
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7$%/(2)&217(176 &217
'
6HFWLRQ
3DJH
+DUG3LSH9HQW6\VWHP
3HUIRUPDQFH$QDO\VLV
6L]LQJRIWKH3ULPDU\&RQWDLQPHQW
&RQWDLQPHQW5HVSRQVHWRD/RVVRI&RRODQW$FFLGHQWDQG659
$FWXDWLRQV
&RQWDLQPHQW'\QDPLF5HVSRQVH
'HVLJQ%DVLV$FFLGHQWRI&RRODQW$FFLGHQW '%$/2&$ %UHDN
$UHD
&RQWDLQPHQW7HPSHUDWXUHDQG3UHVVXUH5HVSRQVH
/LFHQVLQJ%DVLV8OWLPDWH+HDW6LQN/LPLW
,PSDFWRI)XHO7\SHRQ&RQWDLQPHQW$QDO\VHV
&RQWDLQPHQW7HPSHUDWXUHDQG3UHVVXUHIRU(&&63XPS136+
+\GURJHQDQG2[\JHQ*HQHUDWLRQLQ&RQWDLQPHQW
0HWDO:DWHU5HDFWLRQ
5DGLRO\VLV
&RUURVLRQ5HDFWLRQV
0LVFHOODQHRXV&RQWDLQPHQW3HUIRUPDQFH$QDO\VHV
6HLVPLF$QDO\VLVIRU3ULPDU\&RQWDLQPHQW
'U\ZHOO([SDQVLRQ*DS'HVLJQ$OORZDQFH
'U\ZHOO0LVVLOH3URWHFWLRQ
0DUN,&RQWDLQPHQW3URJUDP
6XSSUHVVLRQ&KDPEHUWR'U\ZHOO$OORZDEOH%\SDVV/HDNDJH
3ULPDU\&RQWDLQPHQW$X[LOLDU\6\VWHPV
&RROLQJDQG9HQWLODWLRQ6\VWHPV
,VRODWLRQ6\VWHP
9HQWDQG9DFXXP5HOLHI6\VWHP
3HQHWUDWLRQV
3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO
'U\ZHOO7HPSHUDWXUH$QDO\VLVIRU'U\ZHOO:DOO7HPSHUDWXUH
3RVW$FFLGHQW&RQWDLQPHQW0L[LQJ
+DUG3LSH9HQW6\VWHP
,QVSHFWLRQDQG7HVWLQJ
3ULPDU\&RQWDLQPHQW
&RQWDLQPHQW3HQHWUDWLRQV
&RQWDLQPHQW,VRODWLRQ9DOYHV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7$%/(2)&217(176 &217
'
6HFWLRQ
3DJH
&RQWDLQPHQW9HQWLODWLRQ6\VWHP
3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO
7DEOH
3ULQFLSDO'HVLJQ3DUDPHWHUVRI3ULPDU\&RQWDLQPHQW
7DEOH
(OHFWULFDO3HQHWUDWLRQ(QYLURQPHQWDO'HVLJQ&RQGLWLRQV
7DEOHD 0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV
7DEOHE 3ULPDU\&RQWDLQPHQW$XWRPDWLF,VRODWLRQ9DOYHV
7DEOH
0D[LPXP&RQWDLQPHQW&RQGLWLRQVIRUD/RVVRI&RRODQW$FFLGHQW
7DEOH
$VVXPSWLRQVIRUWKH/2&$&RQWDLQPHQW(YDOXDWLRQ
7DEOH
'U\ZHOO7HPSHUDWXUH(QYHORSHVIRU6WHDP%UHDNV
5.3 6HFRQGDU\&RQWDLQPHQW6\VWHPDQG5HDFWRU%XLOGLQJ
- HQHUDO
'HVLJQ%DVLV
'HVFULSWLRQ
5HDFWRU%XLOGLQJ
6HFRQGDU\&RQWDLQPHQW3HQHWUDWLRQV
5HDFWRU%XLOGLQJ+HDWLQJDQG9HQWLODWLRQ6\VWHPV
6WDQGE\*DV7UHDWPHQW6\VWHP 6*76
3HUIRUPDQFH$QDO\VLV
,QVSHFWLRQDQG7HVWLQJ
5.4 5HIHUHQFHV
),*85(6
)LJXUH
3UHVVXUH6XSSUHVVLRQ&RQWDLQPHQW6\VWHP
)LJXUH
7\SLFDO(OHFWULFDO3HQHWUDWLRQ$VVHPEO\&DQLVWHU
)LJXUHD 0RGXODU(OHFWULFDO3HQHWUDWLRQ$VVHPEO\
)LJXUH
&HQWHU6HFWLRQ/RZ9ROWDJH3RZHUDQG&RQWURO(OHFWULFDO
3HQHWUDWLRQ$VVHPEO\
)LJXUH
&HQWHU6HFWLRQ6KLHOGHG6LJQDO&DEOH(OHFWULFDO3HQHWUDWLRQ
$VVHPEO\
)LJXUH
&HQWHU6HFWLRQ+LJK9ROWDJH3RZHU(OHFWULFDO3HQHWUDWLRQ
$VVHPEO\
)LJXUHD (OHFWULFDO3HQHWUDWLRQ$VVHPEO\ 'U\ZHOO3HQHWUDWLRQV;
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7$%/(2)&217(176 &217
'
6HFWLRQ
3DJH
)LJXUH
&HQWHU6HFWLRQ+RW)OXLG3LSLQJ3HQHWUDWLRQ$VVHPEO\
)LJXUH
&HQWHU6HFWLRQ&ROG)OXLG3LSLQJ3HQHWUDWLRQ$VVHPEO\
)LJXUH
0DLQ6WHDP,VRODWLRQ9DOYHV
)LJXUH
5HFLUFXODWLRQ/LQH%UHDN,OOXVWUDWLRQ
)LJXUHRD
'U\ZHOODQG:HWZHOO5HVSRQVH'%$/2&$6KRUW7HUP
)LJXUHRE
'U\ZHOODQG:HWZHOO3UHVVXUH'%$/2&$/RQJ7HUP
)LJXUHRF
'%$/2&$6KRUW7HUP$QDO\VLV&RUH6SUD\3XPS136+
$YDLODEOH
)LJXUHRG
'%$/2&$/RQJ7HUP$QDO\VLV&RUH6SUD\3XPS136+0DUJLQ
)LJXUHS
'U\ZHOO7HPSHUDWXUH5HVSRQVH
)LJXUHT 6XSSUHVVLRQ3RRO7HPSHUDWXUH5HVSRQVH
)LJXUH
(QHUJ\5HTXLUHPHQWWR3HQHWUDWH'U\ZHOO
)LJXUH
(OHYDWLRQ9LHZRI&RQWDLQPHQW
)LJXUH
3ODQ9LHZRI&RQWDLQPHQW
)LJXUH
'HYHORSHG9LHZRI6XSSUHVVLRQ&KDPEHU6HJPHQW
)LJXUH
&DOFXODWHG5DQJHRI5HDFWRU%XLOGLQJ([ILOWUDWLRQ5DWHVDVD
)XQFWLRQRI:LQG9HORFLW\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
5.1 6XPPDU\'HVFULSWLRQ
7KHFRQWDLQPHQWV\VWHPVSURYLGHDPXOWLEDUULHUSUHVVXUHVXSSUHVVLRQFRQWDLQPHQW
HPSOR\LQJFRQWDLQPHQWLQGHSWKSULQFLSOHVLQWKHGHVLJQ7KHIXHOFODGGLQJDQGUHDFWRU
SUHVVXUHYHVVHOIRUPEDUULHUVWRWKHUHOHDVHRIILVVLRQSURGXFWVDQGDUHGHVFULEHGLQRWKHU
VHFWLRQVRIWKLVUHSRUW7KLVVHFWLRQGHVFULEHVDFRQWDLQPHQWV\VWHPZKLFKLVFRPSRVHGRI
DSULPDU\FRQWDLQPHQWDQGDVHFRQGDU\FRQWDLQPHQW
7KHSULPDU\FRQWDLQPHQWFRQVLVWVRIDGU\ZHOOZKLFKHQFORVHVWKHUHDFWRUYHVVHODQG
UHFLUFXODWLRQSXPSVDSUHVVXUHVXSSUHVVLRQFKDPEHUZKLFKVWRUHVDODUJHYROXPHRI
ZDWHUDFRQQHFWLQJYHQWV\VWHPEHWZHHQWKHGU\ZHOODQGWKHVXSSUHVVLRQFKDPEHUDQG
LVRODWLRQYDOYHV
7KHVHFRQGDU\FRQWDLQPHQWFRQVLVWVRI WKHSRUWLRQRIWKH5HDFWRU%XLOGLQJZKLFK
HQFORVHVWKHSULPDU\FRQWDLQPHQWWKHUHIXHOLQJIDFLOLWLHVDQGPRVWRIWKHQXFOHDUVWHDP
VXSSO\V\VWHP WKH6WDQGE\*DV7UHDWPHQW6\VWHPDQG WKHRIIJDVGLOXWLRQ
VXEV\VWHP'XULQJSHULRGVZKHQWKHSULPDU\FRQWDLQPHQWYHVVHOLVRSHQWKHVHFRQGDU\
FRQWDLQPHQWV\VWHPSURYLGHVDOOFRQWDLQPHQWIXQFWLRQVZKHQFRQWDLQPHQWLVUHTXLUHG,Q
DGGLWLRQWRWKH5HDFWRU%XLOGLQJSDVVLYHEDUULHUD6WDQGE\*DV7UHDWPHQW6\VWHPFDQ
DXWRPDWLFDOO\RUPDQXDOO\H[KDXVWWKHEXLOGLQJDWPRVSKHUHYLDILOWHUVWRWKHRIIJDVGLOXWLRQ
VXEV\VWHPLQWKHRIIJDVVWDFN
5.2 3ULPDU\&RQWDLQPHQW6\VWHP
5.2.1
'HVLJQ&ULWHULD
&RQWDLQPHQW6\VWHPV&ULWHULD
7KHSULPDU\SHUIRUPDQFHREMHFWLYHVRIWKHSULPDU\FRQWDLQPHQWV\VWHPDUH
D
7RSURYLGHDEDUULHUZKLFKLQWKHHYHQWRIORVVRIFRRODQWDFFLGHQWFRQWUROVWKH
UHOHDVHRIILVVLRQSURGXFWVWRWKHVHFRQGDU\FRQWDLQPHQWDQG
E
7RUDSLGO\UHGXFHWKHSUHVVXUHLQWKHFRQWDLQPHQWUHVXOWLQJIURPWKH
ORVVRIFRRODQWDFFLGHQW
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7RDFKLHYHWKHVHREMHFWLYHVWKHSULPDU\FRQWDLQPHQWV\VWHPZDVGHVLJQHGWRPHHW
WKHIROORZLQJFULWHULD
0D[LPXP3UHVVXUHRI'U\ZHOODQG
3UHVVXUH6XSSUHVVLRQ&KDPEHU
SVLJ
,QWHUQDO'HVLJQ3UHVVXUH
SVLJ
([WHUQDO'HVLJQ3UHVVXUH
SVLJ
'HVLJQ7HPSHUDWXUH
)
'HVLJQ/HDN5DWH
SHUFHQWSHUGD\DWSVLJ
SHUFHQWSHUGD\SOXVVFIK
0DLQ6WHDP3DWKZD\ 06,9
OHDNDJHDUHLQLWLDOO\DVVXPHGIRU
UDGLRORJLFDOHYDOXDWLRQV6HH
6HFWLRQ
'HVLJQ&RGH
$60(6HFWLRQ,,,6XEVHFWLRQ%
(GLWLRQZLWK:LQWHU
$GGHQGD0DUN,&RQWDLQPHQW
PRGLILFDWLRQVLQDFFRUGDQFHZLWK
WKH38$5 5HIHUHQFHVDQG
6HLVPLF&ULWHULD
$VVSHFLILHGLQ6HFWLRQDQG
$SSHQGL[$
7KHIUHHYROXPHRIWKHGU\ZHOOZDVGLFWDWHGE\WKHVSDFHUHTXLUHGWRFRQWDLQWKH
UHDFWRUYHVVHOWKHUHFLUFXODWLRQV\VWHPDQGQHFHVVDU\UHDFWRUDX[LOLDU\HTXLSPHQW
7KHIUHHYROXPHRIWKHVXSSUHVVLRQFKDPEHUZDVGHWHUPLQHGIURPWKHGU\ZHOO
YROXPHE\XVLQJWKHUHVXOWVRIWKH%RGHJD%D\FRQWDLQPHQWWHVWVDVGLVFXVVHGLQ
6HFWLRQ7KHVXSSUHVVLRQFKDPEHUZDWHUYROXPHZDVGHWHUPLQHGE\WKH
UHTXLUHGKHDWVLQNFDSDFLW\DVGHVFULEHGLQ6HFWLRQ7KHVHFRQVLGHUDWLRQV
UHVXOWHGLQDFRQWDLQPHQWV\VWHPZLWKWKHIROORZLQJYROXPHV
'HVLJQ)UHH9ROXPH
'U\ZHOO
IW
3UHVVXUH6XSSUHVVLRQ&KDPEHU
IWPD[LPXP
IWPLQLPXP
3UHVVXUH6XSSUHVVLRQ3RRO:DWHU
9ROXPH
IWPD[LPXP
IWPLQLPXP
$60(&RGH5DWLQJ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7KHFRQWDLQPHQWGHVLJQDFFRXQWVIRUWKHSUHVVXUHVWUHVVHVDQGWKHZHLJKWRIWKH
PDVVLYHVWUXFWXUHVDQGODUJHHTXLSPHQW,WDOVRLQFOXGHVWKHUPDODQGK\GURG\QDPLF
VWUHVVHVGXHWRWKHSRVWXODWHGORVVRIFRRODQWDFFLGHQW /2&$ DQGVDIHW\UHOLHIYDOYH
RSHUDWLRQVVLPXOWDQHRXVVHLVPLFVWUHVVHVLQDFFRUGDQFHZLWKWKHVHLVPLFFULWHULD
OLVWHGLQ6HFWLRQDQGLPSDFWORDGVIURPPLVVLOHVDQGMHWIRUFHVGXHWRUHDFWLRQV
IURPSRVWXODWHGEUHDNVLQSUHVVXUL]HGSLSHV)RUDGGLWLRQDOWHFKQLFDOLQIRUPDWLRQRQ
WKHGHVLJQRIWKLVFRQWDLQPHQWYHVVHOVHH$SSHQGL[)DQGWKH0RQWLFHOOR0DUN,
&RQWDLQPHQW/RQJ7HUP3URJUDP3ODQW8QLTXH$QDO\VLV5HSRUWV 5HIHUHQFHDQG
&RQWDLQPHQW$X[LOLDU\6\VWHPV&ULWHULD
&RROLQJDQG9HQWLODWLRQ6\VWHP
7KHSULPDU\FRQWDLQPHQWFRROLQJDQGYHQWLODWLRQV\VWHPFRQVLVWVRIIRXUDLUFRROHUV
GXFWZRUNIDQVDQGFRQWUROVZKLFKPDLQWDLQWKHGU\ZHOODWPRVSKHUHEHORZD)
EXONDYHUDJHWHPSHUDWXUH7KH\UHGXFHDLUWHPSHUDWXUHWR)LQWRKRXUV
DIWHUVKXWGRZQ7KHGU\ZHOODWPRVSKHUHLVFLUFXODWHGWKURXJKWKHGU\ZHOOE\WKH
FRROHUIDQVDQGWKHUHDFWRUEXLOGLQJFORVHGFRROLQJZDWHUV\VWHPLVHPSOR\HGWR
UHPRYHKHDWIURPWKHDLUFRROHUV
,VRODWLRQ6\VWHP
2QHRIWKHEDVLFSXUSRVHVRIWKHSULPDU\FRQWDLQPHQWV\VWHPLVWRSURYLGHD
PLQLPXPRIRQHSURWHFWLYHEDUULHUEHWZHHQWKHUHDFWRUFRUHDQGWKHHQYLURQPHQWDO
VXUURXQGLQJVVXEVHTXHQWWRDQDFFLGHQWLQYROYLQJIDLOXUHRIWKHSLSLQJFRPSRQHQWVRI
WKHUHDFWRUSULPDU\V\VWHP7RIXOILOOLWVUROHDVDEDUULHUWKHSULPDU\FRQWDLQPHQWLV
GHVLJQHGWRUHPDLQLQWDFWEHIRUHGXULQJDQGDIWHUDQ\GHVLJQEDVLVDFFLGHQWRIWKH
SURFHVVV\VWHPLQVWDOOHGHLWKHULQVLGHRURXWVLGHWKHSULPDU\FRQWDLQPHQW7KH
SURFHVVV\VWHPDQGWKHSULPDU\FRQWDLQPHQWDUHFRQVLGHUHGDVVHSDUDWHV\VWHPV
EXWZKHUHSURFHVVOLQHVSHQHWUDWHWKHFRQWDLQPHQWWKHSHQHWUDWLRQGHVLJQDFKLHYHV
WKHVDPHLQWHJULW\DVWKHSULPDU\FRQWDLQPHQWVWUXFWXUHLWVHOI7KHSURFHVVOLQH
LVRODWLRQYDOYHVDUHGHVLJQHGWRDFKLHYHWKHFRQWDLQPHQWIXQFWLRQLQVLGHWKHSURFHVV
OLQHVZKHQUHTXLUHG
7KHJHQHUDOFULWHULDJRYHUQLQJLVRODWLRQYDOYHVIRUWKHYDULRXVFDWHJRULHVRI
SHQHWUDWLRQVDUHDVIROORZV
D
3LSHVRUGXFWVZKLFKSHQHWUDWHWKHSULPDU\FRQWDLQPHQWDQGWKDWFRQQHFWWR
WKHUHDFWRUSULPDU\V\VWHPRUDUHRSHQWRWKHGU\ZHOOIUHHDLUVSDFHDUH
SURYLGHGZLWKDWOHDVWWZRLVRODWLRQYDOYHVLQVHULHV
9DOYHVLQWKLVFDWHJRU\DUHFDSDEOHRIUHPRWHPDQXDODFWXDWLRQIURPWKH
PDLQFRQWUROURRPDQGDUHGHVLJQHGWRFORVHDXWRPDWLFDOO\IURPVHOHFWHG
VLJQDOVRUDUHGHDFWLYDWHGDQGVHFXUHGLQWKHLUFORVHGSRVLWLRQDWUHDFWRU
FRRODQWWHPSHUDWXUHVJUHDWHUWKDQ)
2QOLQHVFRQQHFWLQJWRWKHUHDFWRUSULPDU\V\VWHPRQHYDOYHLVORFDWHGLQVLGH
WKHSULPDU\FRQWDLQPHQWDQGWKHVHFRQGRXWVLGHWKHSULPDU\FRQWDLQPHQWDV
FORVHWRWKHSULPDU\FRQWDLQPHQWDVSUDFWLFDO
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
E
/LQHVWKDWSHQHWUDWHWKHSULPDU\FRQWDLQPHQWDQGQHLWKHUFRQQHFWWRWKH
UHDFWRUSULPDU\V\VWHPQRURSHQLQWRWKHSULPDU\FRQWDLQPHQWDUHSURYLGHG
ZLWKDWOHDVWRQHYDOYHWKDWLVORFDWHGRXWVLGHWKHSULPDU\FRQWDLQPHQW
3URFHVVOLQHVLQWKLVFDWHJRU\DUHSURYLGHGZLWKYDOYHVFDSDEOHRIUHPRWH
DFWXDWLRQIURPWKHFRQWUROURRPYDOYHVWKDWFORVHDXWRPDWLFDOO\E\SURFHVV
DFWLRQRUE\DGPLQLVWUDWLYHO\FRQWUROOHGPDQXDOLVRODWLRQYDOYHVWKDWDUH
FORVHGZKHQSULPDU\FRQWDLQPHQWLVUHTXLUHG
F
0RWLYHSRZHUIRUWKHYDOYHVRQSURFHVVOLQHVWKDWUHTXLUHWZRYDOYHVLVIURP
SK\VLFDOO\LQGHSHQGHQWVRXUFHVWRSURYLGHDKLJKSUREDELOLW\WKDWQRVLQJOH
DFFLGHQWDOHYHQWFRXOGLQWHUUXSWPRWLYHSRZHUWRERWKFORVXUHGHYLFHV/RVV
RIYDOYHDFWXDWLRQSRZHULVGHWHFWHGDQGDQQXQFLDWHG
G
0DLQVWHDPOLQHLVRODWLRQYDOYHFORVXUHWLPHLVVXFKWKDWIRUDQ\GHVLJQEDVLV
EUHDNWKHFRRODQWORVVLVUHVWULFWHGVRWKDWWKHUHDFWRUFRUHZRXOGQRWEH
XQFRYHUHG7KHVHYDOYHVPXVWFORVHVORZO\HQRXJKVXFKWKDWFORVXUHGRHV
QRWLQGXFHWUDQVLHQWVPRUHVHYHUHWKDQDWXUELQHVWRSYDOYHFORVXUH
H
9DOYHVVHQVRUVDQGRWKHUDXWRPDWLFGHYLFHVHVVHQWLDOWRWKHLVRODWLRQRIWKH
FRQWDLQPHQWDUHSURYLGHGZLWKPHDQVWRSHULRGLFDOO\WHVWWKHIXQFWLRQDO
SHUIRUPDQFHRIWKHHTXLSPHQW6XFKWHVWVLQFOXGHGHPRQVWUDWLRQRISURSHU
ZRUNLQJFRQGLWLRQVFRUUHFWVHWSRLQWRIVHQVRUVSURSHUVSHHGRIUHVSRQVHV
DQGRSHUDELOLW\RIIDLOVDIHIHDWXUHV
7KHIROORZLQJDUHH[FHSWLRQVWRWKHDERYHLVRODWLRQYDOYHFULWHULD
D
$XWRPDWLFLVRODWLRQYDOYHVLQWKHXVXDOVHQVHDUHQRWXVHGRQLQOHWOLQHVRI
WKHUHDFWRUFRUHDQGFRQWDLQPHQWFRROLQJV\VWHPVDQGUHDFWRUIHHGZDWHU
V\VWHPVVLQFHRSHUDWLRQRIWKHVHV\VWHPVLVHVVHQWLDOIROORZLQJDGHVLJQ
ORVVRIFRRODQWDFFLGHQW6LQFHQRUPDOIORZRIZDWHULQWKHVHV\VWHPVLV
LQZDUGWRWKHUHDFWRUYHVVHORUWRWKHSULPDU\FRQWDLQPHQWFRQWDLQPHQW
LVRODWLRQLVDFFRPSOLVKHGE\FKHFNYDOYHVDQGRUPDQXDOO\FRQWUROOHGSRZHU
RSHUDWHGYDOYHV,QWKRVHFDVHVZKHUHWZRPDQXDOO\FRQWUROOHGSRZHU
RSHUDWHGYDOYHVDUHXVHGIRUDSURFHVVOLQHERWKPD\KDYHWKHVDPHSRZHU
VXSSO\DQGEHORFDWHGRXWVLGHRIWKHFRQWDLQPHQWSHQHWUDWLRQ$WOHDVWRQHRI
WKHVHSRZHURSHUDWHGYDOYHVLVQRUPDOO\FORVHG
E
1RDXWRPDWLFLVRODWLRQYDOYHVDUHSURYLGHGRQWKHFRQWUROURGGULYHV\VWHP
K\GUDXOLFOLQHV7KHVHOLQHVDUHLVRODWHGE\WKHQRUPDOO\FORVHGK\GUDXOLF
V\VWHPGLUHFWLRQDOFRQWUROYDOYHVVFUDPGLVFKDUJHYHQWDQGGUDLQYDOYHV
FKDUJLQJDQGFRROLQJZDWHUFKHFNYDOYHVORFDWHGLQWKHUHDFWRUEXLOGLQJDQG
E\EDOOFKHFNYDOYHVDQGGRXEOHVHDOVZLWKLQHDFKK\GUDXOLFFRQWUROXQLW
F
7,3LVRODWLRQYDOYHVDQGVPDOOGLDPHWHULQVWUXPHQWOLQHV
G
1RDXWRPDWLFLVRODWLRQYDOYHVDUHSURYLGHGRQWKH+DUG3LSH9HQW/LQH7KLV
OLQHLVLVRODWHGE\YDOYHVLQWKH³QRUPDOO\FORVHG'SRVLWLRQZLWKWKHLUSQHXPDWLF
VRXUFHLVRODWHG
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
H
$FRQWDLQPHQWLVRODWLRQFKHFNYDOYHDFWVDVDWKHUPDOSUHVVXUHUHOLHYLQJ
GHYLFHWRWKH5+56KXWGRZQ&RROLQJ3ULPDU\&RQWDLQPHQW3LSLQJ
3HQHWUDWLRQ 6'&/ VRWKHSHQHWUDWLRQFDQZLWKVWDQGGU\ZHOOKHDWXSGXULQJ
D/2&$7KHFKHFNYDOYHUHOLHYHVWKHUPDOSUHVVXUHEHWZHHQWKH
FRQWDLQPHQWLVRODWLRQYDOYHVRIWKH6'&/DQGGLVFKDUJHVWRWKH$5+5
LQMHFWLRQSHQHWUDWLRQZKHUHWKHGLVFKDUJHLVGLUHFWHGEDFNWRWKHYHVVHO
15&*HQHULF/HWWHU 5HIHUHQFHVDQG LQFOXGHGDUHTXHVWIRU
LQIRUPDWLRQUHODWLYHWRWKHUPDOO\LQGXFHGRYHUSUHVVXUL]DWLRQRILVRODWHGZDWHUILOOHG
SLSLQJVHFWLRQVLQWKHFRQWDLQPHQW$QHYDOXDWLRQRIWKHDSSOLFDEOHSLSLQJ
FRQILJXUDWLRQVZDVSHUIRUPHGDQGSUHVVXUHUHOLHIGHYLFHVRSHUDWLQJSURFHGXUHVRU
E\SDVVIHDWXUHVZHUHLGHQWLILHGLQWKRVHLQVWDQFHVZKHUHKHDWXSRIWKHVHSLSH
VHFWLRQVFRXOGUHVXOWLQH[FHHGLQJGHVLJQDOORZDEOHV'HVFULSWLRQVRIWKHVHDFWLRQV
ZHUHVXEPLWWHGWRWKH15&IRUUHYLHZ7KH15&GHWHUPLQHGWKDWWKHHYDOXDWLRQDQG
FRUUHFWLYHDFWLRQVZHUHUHDVRQDEOHDQGDFFHSWDEOHDQGFRQVLGHUHGWKH*HQHULF
/HWWHU LVVXHFORVHGIRU0RQWLFHOOR 5HIHUHQFH 7KH15&UHYLHZHGWKH
LPSDFWRIRSHUDWLRQXSWR0:WRQWKHUHTXLUHPHQWVRI*HQHULF/HWWHU
7KHUHVSRQVHVSUHYLRXVO\SURYLGHGZHUHQRWLPSDFWHGE\RSHUDWLRQXSWR0:W
5HIHUHQFHDQG
9HQWDQG9DFXXP5HOLHI6\VWHP
7KHYHQWDQGYDFXXPUHOLHIV\VWHPLVGHVLJQHGWROLPLWWKHQHJDWLYHSUHVVXUHLQ
HLWKHUWKHVXSSUHVVLRQFKDPEHURUWKHGU\ZHOOWROHVVWKDQWKHGHVLJQSUHVVXUHRI
SVLG7ZRYDFXXPEUHDNHUVLQVHULHVDUHXVHGLQHDFKRIWZRODUJHYHQWOLQHV
ZKLFKSHUPLWDLUWRIORZIURPWKHUHDFWRUEXLOGLQJWRWKHVXSSUHVVLRQFKDPEHU
9HQGRUVXSSOLHGIORZYHUVXVSUHVVXUHGURSLQIRUPDWLRQZDVXVHGWRHQVXUHWKDW
VXIILFLHQWIORZDUHDLVDYDLODEOHWRDFFRPPRGDWHPD[LPXPREWDLQDEOHYDFXXPUHOLHI
IORZFRQGLWLRQV(DFKRIWKHUHDFWRUEXLOGLQJWRVXSSUHVVLRQFKDPEHUOLQHVFRQWDLQV
WZRYDOYHVLQVHULHVHDFKUDWHGDWSVLGLIIHUHQWLDOSUHVVXUH SVLGWRWDO (DFK
RIWKHVHWZRSDUDOOHOOLQHVZDVVL]HGIRUUHTXLUHPHQWVLQRUGHUWRSURYLGHIXOO\
UHGXQGDQWFDSDFLW\
7KHVXSSUHVVLRQFKDPEHUWRGU\ZHOOYDFXXPEUHDNHUYDOYHVSHUPLWJDVHVWRIORZ
IURPWKHSUHVVXUHVXSSUHVVLRQFKDPEHUWRWKHGU\ZHOO(LJKWLQYDOYHVDUHXVHG
LQSDUDOOHO7KHVHYDOYHVDUHVL]HGRQWKHUHVXOWVRIWKH%RGHJD%D\SUHVVXUH
VXSSUHVVLRQV\VWHPWHVWV7KHLUFKLHISXUSRVHLVWRSUHYHQWH[FHVVLYHZDWHUOHYHO
YDULDWLRQLQWKHGRZQFRPHUVVXEPHUJHGLQVXSSUHVVLRQSRROZDWHU7KH%RGHJD
%D\WHVWVUHJDUGLQJYDFXXPEUHDNHUVL]LQJZHUHFRQGXFWHGE\VLPXODWLQJDVPDOO
V\VWHPUXSWXUHZKLFKWHQGHGWRFDXVHGRZQFRPHUZDWHUOHYHOYDULDWLRQDVD
SUHOLPLQDU\VWHSLQWKHODUJHUXSWXUHWHVWVHTXHQFH7KHYDFXXPEUHDNHUFDSDFLW\
VHOHFWHGRQWKLVWHVWEDVLVLVPRUHWKDQDGHTXDWHWROLPLWWKHSUHVVXUHGLIIHUHQWLDO
EHWZHHQWKHVXSSUHVVLRQFKDPEHUDQGGU\ZHOOGXULQJSRVWDFFLGHQWGU\ZHOOFRROLQJ
2QHRIWKHWDVNVRIWKH0DUN,&RQWDLQPHQW3URJUDPZDVWRGHYHORSPHWKRGVZKLFK
FRXOGEHXVHGIRUGHWHUPLQLQJWKHSODQWXQLTXHYDFXXPEUHDNHUF\FOLFUHVSRQVHDV
ZHOODVWKHQHFHVVDU\VL]HWRPHHWYDULRXVGHVLJQFRQGLWLRQVIRUZKLFKWKHYDFXXP
EUHDNHUPXVWIXQFWLRQ 5HIHUHQFH $QDQDO\VLVRIWKH0RQWLFHOORGU\ZHOOQHJDWLYH
SUHVVXUHUHTXLUHPHQWVZDVSHUIRUPHGE\187(&+XVLQJWKHFRPSXWHUSURJUDP
GHYHORSHGE\*HQHUDO(OHFWULF&RPSDQ\DVSDUWRIWKLVWDVN7KHLQWHQWRIWKH
SODQWXQLTXHDQDO\VLVZDVWRFRQILUPWKHDGHTXDF\RIWKHV\VWHPZKLFKFRQVLVWHGRI
YDFXXPEUHDNHUV7KLVDQDO\VLVGHPRQVWUDWHGWKDWWKHFDSDFLW\RIVL[GU\ZHOO
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
YDFXXPUHOLHIYDOYHVZRXOGEHVXIILFLHQWWROLPLWWKHSUHVVXUHGLIIHUHQWLDOEHWZHHQWKH
VXSSUHVVLRQFKDPEHUDQGGU\ZHOOWROHVVWKDQWKHGHVLJQOLPLWRISVLHYHQLIERWK
GU\ZHOOVSUD\ORRSVDFWXDWHGVLPXOWDQHRXVO\IROORZLQJD/2&$,IRQO\RQHVSUD\
ORRSLVDFWXDWHGWKUHHYDFXXPEUHDNHUVDUHVXIILFLHQW'HWDLOVRIWKHDQDO\VLVDQG
UHVXOWVDUHJLYHQLQ5HIHUHQFH
'XULQJWKH UHIXHOLQJRXWDJHDQXPEHURIPRGLILFDWLRQVZHUHPDGHWRWKH
SUHVVXUHVXSSUHVVLRQV\VWHPWRDGGUHVVJHQHULF0DUN,3URJUDPFRQFOXVLRQV2QH
RIWKHVHPRGLILFDWLRQVLQYROYHGUHPRYDORIWZRYDFXXPEUHDNHUVDQGLQVWDOODWLRQRI
EOLQGIODQJHVRQWKHLUYHQWKHDGHUSHQHWUDWLRQV/LFHQVH$PHQGPHQWDSSURYHG
7HFKQLFDO6SHFLILFDWLRQFKDQJHVZKLFKUHIOHFWHGWKHUHGXFWLRQWRYDFXXPEUHDNHUV
'XULQJWKHVWHDPFRQGHQVDWLRQWHVWLQJSHUIRUPHGLQWKH0DUN,&RQWDLQPHQW
3URJUDP)XOO6FDOH7HVW)DFLOLW\WKHYDFXXPEUHDNHUVZHUHVXEMHFWHGWRF\FOLQJ
GXULQJWKHFKXJJLQJSKDVHRIWKHWHVWV7KLVF\FOLFLPSDFWRIWKHYDOYHSDOOHWRQWKH
VHDWKDGQRWEHHQVSHFLILFDOO\LQFOXGHGLQWKHYDFXXPEUHDNHUGHVLJQUHTXLUHPHQWV
7KH/RQJ7HUP0DUN,&RQWDLQPHQW3URJUDPDGGHGWDVNVWRTXDQWLI\WKHHIIHFWV
IURPYDOYHF\FOLQJDQGWRUHVSRQGWR*HQHULF/HWWHU 5HIHUHQFH 7KH
0RQWLFHOORYDFXXPEUHDNHUVZHUHHYDOXDWHGIRUWKHVHORDGLQJFRQGLWLRQV
5HIHUHQFH DQGPRGLILFDWLRQVZHUHLPSOHPHQWHGE\XWLOL]LQJKLJKHUVWUHQJWK
PDWHULDOVIRUFHUWDLQYDOYHFRPSRQHQWVDVGHVFULEHGLQGHWDLOLQ5HIHUHQFH7KH
HYDOXDWLRQPHWKRGRORJ\DQGLWVDSSOLFDWLRQWRWKHPRGLILHGYDFXXPEUHDNHUVZHUH
DSSURYHGE\WKH15&LQ5HIHUHQFH
)XUWKHUHYDOXDWLRQZDVDOVRSHUIRUPHGWRDGGUHVVDFRQFHUQWKDWGU\ZHOOVSUD\
LQLWLDWLRQLQWRDVWHDPDQGDLUILOOHGGU\ZHOOPLJKWUHVXOWLQORDGVLQH[FHVVRIWKRVH
HYDOXDWHGDVSDUWRIWKH0DUN,&RQWDLQPHQW3URJUDP7KHHYDOXDWLRQ
5HIHUHQFH FRQFOXGHGWKDWWKHERG\LPSDFWYHORFLW\ZLOOEHOHVVWKDQWKHVHDW
LPSDFWYHORFLWLHVSURGXFHGE\FKXJJLQJ
7KHSULPDU\FRQWDLQPHQWLVSHULRGLFDOO\YHQWHGWRHOLPLQDWHSUHVVXUHIOXFWXDWLRQV
FDXVHGE\DLUWHPSHUDWXUHFKDQJHVGXULQJYDULRXVRSHUDWLQJPRGHV7KLVLV
DFFRPSOLVKHGWKURXJKYHQWLODWLRQSXUJHFRQQHFWLRQVZKLFKDUHQRUPDOO\FORVHGZKLOH
WKHUHDFWRUFRRODQWLVDWDWHPSHUDWXUHJUHDWHUWKDQ)
&RQWDLQPHQW3HQHWUDWLRQV
7KHGHVLJQIDEULFDWLRQPDWHULDOVLQVSHFWLRQDQGWHVWLQJRISULPDU\FRQWDLQPHQW
SHQHWUDWLRQVDUHLQDFFRUGDQFHZLWKWKHLQWHQWRIWKH$60(6HFWLRQ,,,6XEVHFWLRQ%
(GLWLRQ 5HIHUHQFH
7KHEDVLFGHVLJQREMHFWLYHIRUWKHSHQHWUDWLRQVZDVWRHQVXUHWKDWWKHLQWHJULW\RIWKH
FRQWDLQPHQWLVPDLQWDLQHGXQGHUWKHORDGLQJFRQGLWLRQVGHILQHGEHORZ
D
1RUPDORSHUDWLQJFRQGLWLRQV
7KHSHQHWUDWLRQVZHUHGHVLJQHGIRUORDGVUHVXOWLQJIURPWKHIXOOFRPELQDWLRQRI
QRUPDORSHUDWLQJSUHVVXUHWKHUPDOH[SDQVLRQVHLVPLFDQGGHDGORDGV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
E
$FFLGHQWFRQGLWLRQV
7KHSHQHWUDWLRQVZHUHGHVLJQHGIRUWKHORDGVUHVXOWLQJIURPWKHIXOOFRPELQDWLRQ
RIGHDGORDGVVHLVPLFWKHUPDOJURZWKDQGSUHVVXUHFRQGLWLRQVGXHWRORVVRI
FRRODQWZLWKLQWKHGU\ZHOODFWLQJFRLQFLGHQWZLWKWKHODUJHURIWKHIROORZLQJ
7KHMHWUHDFWLRQIRUFHRQDSHQHWUDWLRQUHVXOWLQJIURPDFLUFXPIHUHQWLDO
JXLOORWLQHW\SH EUHDNRIWKHDVVRFLDWHGSURFHVVOLQH
7KHMHWUHDFWLRQIRUFHRQDSHQHWUDWLRQUHVXOWLQJIURPDORQJLWXGLQDOW\SH
EUHDNRIWKHDVVRFLDWHGSURFHVVOLQH
7KHMHWLPSLQJHPHQWORDGLQJRQDSHQHWUDWLRQDQGLWVDVVRFLDWHGSURFHVV
OLQHUHVXOWLQJIURPUXSWXUHRIDQDGMDFHQWSURFHVVOLQH
F
+\GURG\QDPLF/2&$/RDGV
6XSSUHVVLRQFKDPEHUSHQHWUDWLRQVDQGWRUXVDWWDFKHGSLSLQJV\VWHPV
LQFOXGLQJWKHVXFWLRQULQJKHDGHUZHUHUHHYDOXDWHGDQGDSSURSULDWHO\PRGLILHG
WRDFFRXQWIRUWKHK\GURG\QDPLFORDGVLGHQWLILHGDVDUHVXOWRIWKH0DUN,
&RQWDLQPHQW3URJUDP7KHHYDOXDWLRQDQGPRGLILFDWLRQVDUHGHVFULEHGLQ
5HIHUHQFH,Q QHZ(&&6VXFWLRQVWUDLQHUVZHUHLQVWDOOHG7KH
VWUDLQHUVDQGVXSSRUWDVVHPEOLHVZHUHGHVLJQHGWREHVWUXFWXUDOO\LQGHSHQGHQW
IURPWKHWRUXVSHQHWUDWLRQV7KHUHIRUHWKHQHZVWUDLQHUVGRQRWDIIHFWWKH0DUN
,SURJUDPWRUXVSHQHWUDWLRQDQGWRUXVDWWDFKHGSLSLQJHYDOXDWLRQUHVXOWV
3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO
7KHSULPDU\FRQWDLQPHQWDWPRVSKHULFFRQWUROV\VWHPSURYLGHVWKHDELOLW\WRPDLQWDLQ
DQDWPRVSKHUHRIORZR[\JHQFRQWHQWZLWKLQWKHSULPDU\FRQWDLQPHQWE\XVHRIDQ
LQHUWJDV
+DUG3LSH9HQW6\VWHP
7KH+DUG3LSH9HQW +39 6\VWHPLVGHVLJQHGWRSUHYHQWFRQWDLQPHQWSUHVVXUHIURP
LQFUHDVLQJXQGHUFRQGLWLRQVRIFRQVWDQWKHDWLQSXWDWDUDWHHTXDOWRRIUDWHG
WKHUPDOSRZHUDQGFRQWDLQPHQWSUHVVXUHHTXDOWRWKH3ULPDU\&RQWDLQPHQW3UHVVXUH
/LPLW 3&3/ 7KH+DUG3LSH9HQW6\VWHPZDVLQVWDOOHGLQUHVSRQVHWR*HQHULF
/HWWHU 5HIHUHQFH DQGPHHWVWKHGHVLJQFULWHULDHVWDEOLVKHGE\WKH%:5
2ZQHUV*URXS 5HIHUHQFH 7KH+396\VWHPZDVODWHUPRGLILHGDVUHTXLUHGE\
15&2UGHU($ 5HIHUHQFH DQGLQGXVWU\JXLGDQFH1(,
5HIHUHQFH ZKLFKWKH15&HQGRUVHGZLWKH[FHSWLRQVDQGFODULILFDWLRQV
5HIHUHQFHV DQG
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
5.2.2
'HVFULSWLRQ
3UHVVXUH6XSSUHVVLRQ6\VWHP
7KH3ULPDU\&RQWDLQPHQW6\VWHPZKLFKHPSOR\VDSUHVVXUHVXSSUHVVLRQ
FRQWDLQPHQWV\VWHP FRQVWUXFWHGRIVWHHO KRXVHVWKHUHDFWRUSULPDU\YHVVHOWKH
UHDFWRUFRRODQW5HFLUFXODWLRQ6\VWHPORRSVDQGRWKHUEUDQFKFRQQHFWLRQVRIWKH
UHDFWRUSULPDU\V\VWHP VHH)LJXUH 7KHV\VWHPFRQVLVWVRIDGU\ZHOOD
SUHVVXUHVXSSUHVVLRQFKDPEHU ZHWZHOO WKDWVWRUHVDODUJHYROXPHRIZDWHUD
FRQQHFWLQJYHQWV\VWHPEHWZHHQWKHGU\ZHOODQGWKHFKDPEHUZDWHUSRROLVRODWLRQ
YDOYHVYHQWLODWLQJDQGFRROLQJV\VWHPVDQGRWKHUVHUYLFHHTXLSPHQW VHH)LJXUH
DQG
,QWKHHYHQWRIDSURFHVVV\VWHPSLSLQJIDLOXUHZLWKLQWKHGU\ZHOOUHDFWRUZDWHUDQG
VWHDPZRXOGEHUHOHDVHGLQWRWKHGU\ZHOODLUVSDFH7KHUHVXOWLQJLQFUHDVHGGU\ZHOO
SUHVVXUHWKHQIRUFHVDPL[WXUHRIQRQFRQGHQVDEOHJDVHVVWHDPDQGZDWHUWKURXJK
WKHYHQWVLQWRWKHSRRORIVWRUHGZDWHULQWKHVXSSUHVVLRQFKDPEHU7KHVWHDP
FRQGHQVHVUDSLGO\DQGFRPSOHWHO\LQWKHVXSSUHVVLRQSRROUHVXOWLQJLQUDSLGSUHVVXUH
UHGXFWLRQLQWKHGU\ZHOO
1RQFRQGHQVDEOHJDVHVIRUFHGLQWRWKHVXSSUHVVLRQFKDPEHUZLWKWKHVWHDPDQG
ZDWHUPD\WHQGWROHDYHWKHVXSSUHVVLRQFKDPEHUSUHVVXUL]HGZLWKUHVSHFWWRWKH
GU\ZHOOXSRQFRQGHQVDWLRQRIYDSRULQWKHGU\ZHOO9DFXXPUHOLHIYDOYHVDUHSURYLGHG
WRSUHYHQWVXFKSUHVVXUL]DWLRQDQGWKHSRVVLEOHDFFRPSDQ\LQJEDFNIORZRIZDWHU
IURPWKHVXSSUHVVLRQFKDPEHUWRWKHGU\ZHOO&RROLQJV\VWHPVDUHSURYLGHGWR
UHPRYHKHDWIURPWKHGU\ZHOODQGIURPWKHZDWHULQWKHVXSSUHVVLRQFKDPEHUDQG
WKXVSURYLGHFRQWLQXRXVFRROLQJRIWKHSULPDU\FRQWDLQPHQWXQGHUDFFLGHQW
FRQGLWLRQV$SSURSULDWHLVRODWLRQYDOYHVDUHDFWXDWHGGXULQJWKLVSHULRGWRHQVXUH
FRQWDLQPHQWRIUDGLRDFWLYHPDWHULDOVZKLFKPLJKWRWKHUZLVHEHUHOHDVHGIURPWKH
UHDFWRUGXULQJWKHFRXUVHRIWKHDFFLGHQW7DEOHVXPPDUL]HVWKHSDUDPHWHUVRI
WKHFRQWDLQPHQWV\VWHP
3ULPDU\&RQWDLQPHQW
7KHGU\ZHOOSRUWLRQRIWKH3ULPDU\&RQWDLQPHQWLVDVWHHOSUHVVXUHYHVVHOZLWKD
VSKHULFDOORZHUSRUWLRQDQGDF\OLQGULFDOXSSHUSRUWLRQ VHH)LJXUH 7KHVWHHO
KHDGDQGVKHOORIWKHGU\ZHOODUHIDEULFDWHGRI6$)%;SODWHPDQXIDFWXUHGWR
$UHTXLUHPHQWV7KHWRSKHDGFORVXUHLVPDGHZLWKDGRXEOHWRQJXHDQGJURRYH
VHDOWKDWSHUPLWVSHULRGLFFKHFNVIRUWLJKWQHVVZLWKRXWSUHVVXUL]LQJWKHHQWLUHYHVVHO
7KHGU\ZHOOLVHQFORVHGLQUHLQIRUFHGFRQFUHWHIRUVKLHOGLQJSXUSRVHVDQGWRSURYLGH
DGGLWLRQDOUHVLVWDQFHWRGHIRUPDWLRQDQGEXFNOLQJRIWKHGU\ZHOORYHUDUHDVZKHUHWKH
FRQFUHWHEDFNVXSWKHVWHHOVKHOO$ERYHWKHIRXQGDWLRQWUDQVLWLRQ]RQHWKHGU\ZHOOLV
VHSDUDWHGIURPWKHUHLQIRUFHGFRQFUHWHE\DJDSRIDSSUR[LPDWHO\LQIRUWKHUPDO
H[SDQVLRQ6KLHOGLQJRYHUWKHWRSRIWKHGU\ZHOOLVSURYLGHGE\DUHPRYDEOH
FHPHQWHGUHLQIRUFHGFRQFUHWHVKLHOGSOXJ
,QDGGLWLRQWRWKHGU\ZHOOKHDGZLWKLWVEROWHGPDQZD\DQGRQHGRXEOHGRRUSHUVRQQHO
DLUORFNWZRKDWFKHV RQHODUJHHTXLSPHQWKDWFKDQGRQHFRQWUROURGGULYHKDWFK DUH
SURYLGHGIRUDFFHVVWRWKHGU\ZHOO7KHORFNLQJPHFKDQLVPRQHDFKDLUORFNGRRULV
GHVLJQHGVRWKDWDWLJKWVHDOLVPDLQWDLQHGZKHQWKHGRRUVDUHVXEMHFWHGWRHLWKHU
LQWHUQDORUH[WHUQDOSUHVVXUH7KHGRRUVDUHPHFKDQLFDOO\LQWHUORFNHGWRPDLQWDLQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
SULPDU\FRQWDLQPHQWLQWHJULW\7KHDLUORFNLVWHVWHGE\SUHVVXUL]LQJWKHVSDFH
EHWZHHQWKHLQQHUDQGRXWHUGRRUV,QGLYLGXDOGRRUVHDOOHDNDJHWHVWVFDQQRWEH
SHUIRUPHG6LQFHWKHLQQHUGRRULVGHVLJQHGWRVHDWZLWKFRQWDLQPHQWSUHVVXUH
IRUFLQJWKHGRRUFORVHGVSHFLDOEUDFLQJPXVWEHLQVWDOOHGIRUHDFKOHDNDJHWHVW7KH
RXWHUGRRUPXVWEHRSHQHGWRLQVWDOODQGUHPRYHWKLVEUDFLQJ7KHHTXLSPHQWKDWFK
FRYHULVEROWHGLQSODFHDQGVHDOHGZLWKDGRXEOHWRQJXHDQGJURRYHVHDO7KH&5'
KDWFKLVKHOGLQSODFHE\D\RNHDQGFODPSDQGLVVHDOHGZLWKDGRXEOH25LQJVHDO
7KHVHDOVRQWKHDFFHVVKDWFKFRYHUVDUHFDSDEOHRIEHLQJWHVWHGIRUOHDNDJH
7KHGU\ZHOOLVQRWHQWHUHGGXULQJKLJKSRZHURSHUDWLRQ$FFHVVLVSHUPLVVLEOHGXULQJ
ORZSRZHURSHUDWLRQXQGHUVWULFWSURFHGXUDOFRQWURO8QGHUQRUPDOFRQGLWLRQV
SHUVRQQHOHQWU\LVQRWSHUPLWWHGXQWLOWKHFRQWDLQPHQWLVGHLQHUWHGDQGWKRURXJKO\
FKHFNHGIRUSRFNHWVRIQLWURJHQ7KHQRUPDOHQYLURQPHQWLQWKHGU\ZHOOGXULQJSODQW
RSHUDWLRQLVHVVHQWLDOO\DWPRVSKHULFSUHVVXUHDWDEXONDYHUDJHWHPSHUDWXUHRIOHVV
WKDQ)7KLVEXONDYHUDJHWHPSHUDWXUHLVDVVXPHGDVDQLQLWLDOFRQGLWLRQIRU
HYDOXDWLRQRI136+IRUWKH(&&6SXPSV 5HIHUHQFHV DQG 7KLV
WHPSHUDWXUHLVPDLQWDLQHGE\UHFLUFXODWLQJWKHGU\ZHOODLUDFURVVIRUFHGDLUFRROLQJ
XQLWVZKLFKLQWXUQDUHFRROHGE\WKHUHDFWRUEXLOGLQJFORVHGFRROLQJZDWHUV\VWHP
7KHWRSSRUWLRQRIWKHGU\ZHOOYHVVHOLVUHPRYHGGXULQJUHIXHOLQJRSHUDWLRQV7KH
KHDGLVKHOGLQSODFHE\EROWVDQGLVVHDOHGZLWKDGRXEOHVHDODUUDQJHPHQWWRSURYLGH
SULPDU\FRQWDLQPHQWLQWHJULW\
(LJKWODUJHFLUFXODUYHQWOLQHVIRUPDFRQQHFWLRQEHWZHHQWKHGU\ZHOODQGWKHSUHVVXUH
VXSSUHVVLRQFKDPEHU-HWGHIOHFWRUVDUHSURYLGHGLQWKHGU\ZHOODWWKHHQWUDQFHRI
HDFKYHQWOLQHWRSUHYHQWSRVVLEOHGDPDJHWRWKHYHQWSLSHVIURPMHWIRUFHVZKLFK
PLJKWDFFRPSDQ\DSLSHEUHDNLQWKHGU\ZHOO7KHYHQWOLQHVDUHHQFORVHGZLWK
VOHHYHVDQGDUHSURYLGHGZLWKH[SDQVLRQMRLQWVWRDFFRPPRGDWHGLIIHUHQWLDOPRWLRQ
EHWZHHQWKHGU\ZHOODQGVXSSUHVVLRQFKDPEHU
6XSSUHVVLRQ&KDPEHU
7KHVXSSUHVVLRQFKDPEHULVLQWKHJHQHUDOIRUPRIDWRUXVZKLFKLVEHORZDQG
HQFLUFOHVWKHGU\ZHOO VHH)LJXUH 7KHVXSSUHVVLRQFKDPEHULVDFWXDOO\
FRQVWUXFWHGRIPLWHUHGF\OLQGULFDOVKHOOVHJPHQWV$UHLQIRUFLQJULQJJLUGHUZLWK
WZRVXSSRUWLQJFROXPQVDQGDVDGGOHLVSURYLGHGDWWKHPLWHUMRLQWRIWKHDGMRLQLQJ
VKHOOVHJPHQWV
7KHVXSSUHVVLRQFKDPEHULVFRQQHFWHGWRWKHGU\ZHOOE\HLJKWYHQWOLQHV VHH)LJXUH
DQG :LWKLQWKHVXSSUHVVLRQFKDPEHUWKHYHQWOLQHVDUHFRQQHFWHGWR
DFRPPRQYHQWKHDGHU&RQQHFWHGWRWKHYHQWKHDGHUDUHSDLUVRIGRZQFRPHUV
ZKLFKWHUPLQDWHEHORZWKHZDWHUOHYHORIWKHVXSSUHVVLRQSRRO7KHYHQWOLQHVDUH
VKLHOGHGIURPMHWLPSLQJHPHQWORDGVDWHDFKYHQWOLQHGU\ZHOOSHQHWUDWLRQORFDWLRQE\
MHWGHIOHFWRUVZKLFKVSDQWKHRSHQLQJVRIWKHYHQWOLQHV$EHOORZVDVVHPEO\
FRQQHFWLQJWKHVXSSUHVVLRQFKDPEHUWRWKHYHQWOLQHDOORZVIRUGLIIHUHQWLDOPRYHPHQW
EHWZHHQWKHGU\ZHOODQGWKHVXSSUHVVLRQFKDPEHU
(LJKWYDFXXPEUHDNHUVDUHSURYLGHGWRHTXDOL]HWKHSUHVVXUHEHWZHHQWKH
VXSSUHVVLRQFKDPEHUDQGWKHGU\ZHOOWRSUHYHQWDEDFNIORZRIZDWHUIURPWKH
VXSSUHVVLRQSRROLQWRWKHYHQWKHDGHUV\VWHP(DFKYDFXXPEUHDNHULVDQLQ
FKHFNYDOYHZLWKDQDLURSHUDWRUSURYLGHGIRUWHVWLQJSXUSRVHV7KHUHLVRQHEUHDNHU
ORFDWHGDWHDFKRIWKHYHQWWRYHQWKHDGHUSRVLWLRQV7KHYDFXXPEUHDNHUVDUH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
GHVLJQHGWREHIXOORSHQDWSVLG6HH7HFKQLFDO6SHFLILFDWLRQIRUWKH
RSHUDWLRQDOOLPLWV
7KHVXSSUHVVLRQFKDPEHULVVXSSRUWHGYHUWLFDOO\DWHDFKPLWHUMRLQWORFDWLRQE\LQVLGH
DQGRXWVLGHFROXPQVDQGE\DVDGGOHVXSSRUWORFDWHGEHWZHHQWKHLQVLGHDQGRXWVLGH
FROXPQV7KHFROXPQVFROXPQFRQQHFWLRQSODWHVDQGVDGGOHVXSSRUWVDUHORFDWHG
SDUDOOHOWRWKHDVVRFLDWHGPLWHUMRLQWLQWKHSODQHRIWKHULQJJLUGHUZHE$WHDFKPLWHU
MRLQWWKHULQJJLUGHUFROXPQVFROXPQFRQQHFWLRQVDQGVDGGOHVXSSRUWIRUPDQ
LQWHJUDOVXSSRUWV\VWHPZKLFKWDNHVYHUWLFDOORDGVDFWLQJRQWKHVXSSUHVVLRQFKDPEHU
VKHOODQGWUDQVIHUVWKHPWRWKH5HDFWRU%XLOGLQJEDVHPDW7KHVXSSRUWV\VWHP
SURYLGHVIXOOYHUWLFDOVXSSRUWIRUWKHVXSSUHVVLRQFKDPEHUZKLOHDOORZLQJODWHUDO
PRYHPHQWDQGWKHUPDOH[SDQVLRQWRRFFXU DORDGWUDQVIHUPHFKDQLVPZKLFK
UHGXFHVORFDOVXSSUHVVLRQFKDPEHUVKHOOVWUHVVHVDQGPRUHHYHQO\GLVWULEXWHV
UHDFWLRQORDGVWRWKHEDVHPDW DQGLQFUHDVHVWKHVXSSUHVVLRQFKDPEHUQDWXUDO
IUHTXHQFLHVEH\RQGWKHFULWLFDOIUHTXHQFLHVRIPRVWK\GURG\QDPLFORDGVWKHUHE\
UHGXFLQJG\QDPLFDPSOLILFDWLRQHIIHFWV
)RXUVHLVPLFUHVWUDLQWVORFDWHG DSDUWSURYLGHODWHUDOVXSSRUWIRUWKHVXSSUHVVLRQ
FKDPEHU7KHVHLVPLFUHVWUDLQWVSHUPLWYHUWLFDODQGUDGLDOPRYHPHQWRIWKH
VXSSUHVVLRQFKDPEHUZKLOHUHVWUDLQLQJORQJLWXGLQDOPRYHPHQWUHVXOWLQJIURPODWHUDO
ORDGV7KHSDGSODWHVGLVWULEXWHORDGVRYHUDODUJHDUHDRIWKHVXSSUHVVLRQFKDPEHU
VKHOODQGSURYLGHDQHIIHFWLYHPHDQVRIWUDQVIHUULQJVXSSUHVVLRQFKDPEHUODWHUDO
ORDGVWRWKHEDVHPDW
7KHYHQWV\VWHPLVVXSSRUWHGYHUWLFDOO\E\WZRFROXPQPHPEHUVDWHDFKPLWHUMRLQW
ORFDWLRQ7KHVXSSRUWFROXPQPHPEHUVDUHFRQVWUXFWHGZLWKGLDPHWHU6FKHGXOH
SLSH%XLOWXSFOHYLVDVVHPEOLHVDUHDWWDFKHGWRHDFKHQGRIWKHFROXPQV7KH
FROXPQVDUHSLQQHGWRSDQGERWWRPWRDFFRPPRGDWHWKHGLIIHUHQWLDOKRUL]RQWDO
PRYHPHQWEHWZHHQWKHYHQWKHDGHUDQGWKHVXSSUHVVLRQFKDPEHU7KHVXSSRUW
FROXPQDVVHPEOLHVDUHGHVLJQHGWRWUDQVIHUYHUWLFDOORDGVDFWLQJRQWKHYHQWV\VWHP
WRWKHVXSSUHVVLRQFKDPEHUULQJJLUGHUVZKLOHVLPXOWDQHRXVO\UHVLVWLQJGUDJORDGVRQ
VXEPHUJHGYHQWV\VWHPVWUXFWXUHV7KHYHQWV\VWHPLVVXSSRUWHGKRUL]RQWDOO\E\WKH
YHQWOLQHVZKLFKWUDQVIHUODWHUDOORDGVDFWLQJRQWKHYHQWV\VWHPWRWKHGU\ZHOODWWKH
YHQWOLQHGU\ZHOOSHQHWUDWLRQORFDWLRQV
7KHLQWHUVHFWLRQVRIWKHGRZQFRPHUVDQGWKHYHQWKHDGHUDUHUHLQIRUFHGZLWKD
V\VWHPRIVWLIIHQHUSODWHVDQGEUDFLQJPHPEHUV7KHEUDFLQJV\VWHPVWLIIHQVWKH
GRZQFRPHULQWHUVHFWLRQLQDGLUHFWLRQSDUDOOHOWRWKHYHQWKHDGHUORQJLWXGLQDOD[LV
)RUKRUL]RQWDOORDGLQJVLQDGLUHFWLRQSHUSHQGLFXODUWRWKHYHQWKHDGHUORQJLWXGLQDO
D[LVWKHGRZQFRPHUWRYHQWKHDGHULQWHUVHFWLRQLVVWLIIHQHGE\PHDQVRIODWHUDO
UHVWUDLQWVDQGJXVVHWSODWHV
9HQWKHDGHUGHIOHFWRUVDUHSURYLGHGXQGHUQHDWKWKHYHQWKHDGHUWRVKLHOGWKHYHQW
KHDGHUIURPLPSDFWORDGVZKLFKRFFXUGXULQJWKHLQLWLDOSKDVHRIDSRVWXODWHG'HVLJQ
%DVLV$FFLGHQWHYHQW7KHYHQWKHDGHUGHIOHFWRUVDUHFRQVWUXFWHGIURPGLDPHWHU
6FKHGXOHSLSHZLWK:7[VSOLWWHHVHFWLRQVDWWDFKHGWRHLWKHUVLGH7KH
YHQWKHDGHUGHIOHFWRUVDUHGHVLJQHGWRFRPSOHWHO\PLWLJDWHLPSDFWORDGVRQWKHYHQW
KHDGHU
7KHYHQWV\VWHPDOVRSURYLGHVVXSSRUWIRUDSRUWLRQRIWKH659SLSLQJLQVLGHWKHYHQW
OLQHDQGVXSSUHVVLRQFKDPEHU/RDGVZKLFKDFWRQWKH659SLSLQJDUHWUDQVIHUUHGWR
WKHYHQWV\VWHPE\WKHSHQHWUDWLRQDVVHPEO\ZKLFKLVZHOGHGWRWKHYHQWOLQH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7RUXVDWWDFKHGSLSLQJSHQHWUDWLRQVUHTXLULQJDGGLWLRQDOORDGFDUU\LQJFDSDELOLWLHVWR
PHHWWKHRULJLQDOVDIHW\PDUJLQVZHUHPRGLILHGDVUHTXLUHG$W\SLFDOSHQHWUDWLRQ
FRQVLVWVRIIRXUEDVHSODWHVZHOGHGWRWKHWRUXVVKHOO DSDUWFLUFXPYHQWLQJWKH
SHQHWUDWLQJSLSH$JXVVHWSODWHVSDQVEHWZHHQWKHEDVHSODWHDQGDVSOLWVOHHYH
DURXQGWKHSHQHWUDWLQJSLSHWRIRUPDULJLGVXSSRUW7KHORDGVDUHHIIHFWLYHO\
GLVWULEXWHGRYHUDODUJHUDUHDWKURXJKWKHEDVHSODWHVWKHUHE\UHGXFLQJVWUHVVHVLQ
WKHWRUXVVKHOO7KHWRUXVDWWDFKHGSLSLQJSHQHWUDWLRQVLQLQGLDPHWHURUJUHDWHU
WKH+3&,DQG5&,&LQGLDPHWHUFRQGHQVDWHGUDLQSHQHWUDWLRQVDQGWKHIRXUWRUXV
SHQHWUDWLRQVWRWKH(&&6VXFWLRQKHDGHUZHUHPRGLILHGDVGHVFULEHG
7KHSLSLQJV\VWHPVDWWDFKHGWRWKHVXSSUHVVLRQFKDPEHULQFOXGLQJWKHVXFWLRQULQJ
KHDGHUDUHVXSSRUWHGWRZLWKVWDQGWKHORDGVJHQHUDWHGIURPWRUXVPRWLRQVGXULQJ
QRUPDODQGDFFLGHQWFRQGLWLRQV7KHIROORZLQJWRUXVDWWDFKHGSLSLQJV\VWHPVZHUH
HYDOXDWHG 3&$&+3&,WXUELQHH[KDXVW+3&,FRQGHQVDWHGUDLQ5&,&WXUELQH
H[KDXVW5&,&RIIJDVORRSV$DQG%RI5+5&RUH6SUD\GLVFKDUJHSLSLQJDQG
+DUG3LSH9HQW7KH(PHUJHQF\&RUH&RROLQJ6\VWHP (&&6 VXFWLRQULQJKHDGHULV
SDUWRIWKH3ULPDU\&RQWDLQPHQWDQGWKHUHIRUHLVVXSSRUWHGWRPHHWWKHDVDQDO\]HG
FRQGLWLRQV7KHMXQFWLRQVRIWKHULQJKHDGHUDQGWKHSXPSVXFWLRQSLSLQJWRWKH$DQG
%ORRSVRI5+5DQG&RUH6SUD\+3&,DQG5&,&DUHVXSSRUWHGZLWK7VWRSSHUV7KH
7VWRSSHUGHVLJQFRQVLVWVRIWZRVQXEEHUVDQGVWUXWVRQHLWKHUVLGHRIDVXFWLRQSLSH
MXQFWXUHZLWKWKHULQJKHDGHU%\GHVLJQWKHVH7VWRSSHUVXSSRUWVYLUWXDOO\
HOLPLQDWHVDQ\0DUN,SURJUDPK\GURG\QDPLFORDGLQSXWIURPWKHVXFWLRQKHDGHUWR
WKHVXFWLRQOLQHV 5HIHUHQFH 7KHUHIRUHWKHSRUWLRQRIWKHVXFWLRQOLQHVEH\RQG
WKHVHVXSSRUWVDUHDQDO\]HGWR%ORDGFRPELQDWLRQVLQVWHDGRI0DUN,SURJUDP
FRPELQDWLRQV
6PDOOERUHSLSLQJLQWKHHQYHORSHUHTXLULQJDQDO\VLVZDVPRGLILHGWRPHHWFRGH
DOORZDEOHVWUHVVOHYHOVZLWKWKHLQVWDOODWLRQRIH[SDQVLRQORRSV
7KHVXSSUHVVLRQFKDPEHUDQGYHQWV\VWHPGHVLJQGLVFXVVHGDERYHKDVEHHQ
HYDOXDWHGIRUWKHHIIHFWVRI/2&$UHODWHGORDGVDQG659GLVFKDUJHUHODWHGORDGV
GHILQHGE\WKH1XFOHDU5HJXODWRU\&RPPLVVLRQ6DIHW\(YDOXDWLRQ5HSRUW
185(* 5HIHUHQFH DQGWKH*HQHUDO(OHFWULF5HSRUW1('2³0DUN,
&RQWDLQPHQW3URJUDP/RDG'HILQLWLRQ5HSRUW' 5HIHUHQFH $GHWDLOHG
GLVFXVVLRQRIWKHVHHYDOXDWLRQVDQGWKHLUUHVXOWVDUHSURYLGHGLQWKH0RQWLFHOOR0DUN,
&RQWDLQPHQW/RQJ7HUP3URJUDP3ODQW8QLTXH$QDO\VLV5HSRUWV 5HIHUHQFHVDQG
6HH86$56HFWLRQIRUIXUWKHUGLVFXVVLRQ
$FFHVVIURPWKH5HDFWRU%XLOGLQJWRWKHSUHVVXUHVXSSUHVVLRQFKDPEHULVSURYLGHG
WKURXJKWZRPDQKROHVZLWKGRXEOHJDVNHWHGEROWHGFRYHUV7KHVHDFFHVVSRUWVDUH
EROWHGFORVHGZKHQ3ULPDU\&RQWDLQPHQWLQWHJULW\LVUHTXLUHG 5HIHUHQFH $WHVW
FRQQHFWLRQLVSURYLGHGEHWZHHQWKHGRXEOHJDVNHWVRQHDFKFRYHUVXFKWKDWJDVNHW
WLJKWQHVVFDQEHFKHFNHGZLWKRXWSUHVVXUL]LQJWKHFRQWDLQPHQW
$YHQWIURPWKH3ULPDU\&RQWDLQPHQW6\VWHPLVSURYLGHGWKDWLVQRUPDOO\FORVHGEXW
FDQSHUPLWWKHYHQWGLVFKDUJHWREHURXWHGWRWKH6WDQGE\*DV7UHDWPHQW6\VWHPVR
WKDWUHOHDVHRIJDVHVIURPWKH3ULPDU\&RQWDLQPHQWLVFRQWUROOHGZLWKWKHHIIOXHQWV
EHLQJILOWHUHGDQGPRQLWRUHGEHIRUHGLVFKDUJHWKURXJKWKHRIIJDVVWDFN7HVW
FRQQHFWLRQVDUHSURYLGHGEHWZHHQWKHGRXEOHLQOHWDQGRXWOHWYDOYHVWRSHUPLW
FKHFNLQJIRUOHDNWLJKWQHVV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
$]HURLQFKFRUURVLRQDOORZDQFHZDVVSHFLILHGIRUWKHVXSSUHVVLRQFKDPEHU
DFFRUGLQJWRWKHRULJLQDOPDQXIDFWXUHU¶VGDWDUHSRUWIRXQGLQ86$5$SSHQGL[)SDJH
)%+RZHYHUHQJLQHHULQJDQDO\VLVMXVWLILHGDPLOGHVLJQPHWDOORVV FRUURVLRQ
DOORZDQFHIRUWKHVXSSUHVVLRQFKDPEHU
&RQWDLQPHQW3HQHWUDWLRQV
(OHFWULFDO3HQHWUDWLRQ
(OHFWULFDOSHQHWUDWLRQVHDOVZHUHGHVLJQHGWRDFFRPPRGDWHWKHHOHFWULFDO
UHTXLUHPHQWVRIWKHSODQW7KHVHDUHIXQFWLRQDOO\JURXSHGLQWRORZYROWDJHSRZHU
DQGFRQWUROFDEOHSHQHWUDWLRQDVVHPEOLHVKLJKYROWDJHSRZHUFDEOHSHQHWUDWLRQ
DVVHPEOLHVDQGVKLHOGHGFDEOHSHQHWUDWLRQDVVHPEOLHV$OOFDQLVWHUW\SHHOHFWULFDO
SHQHWUDWLRQVHDOVKDYHHVVHQWLDOO\WKHVDPHEDVLFFRQILJXUDWLRQVKRZQLQ)LJXUH
7KHPRGXODUW\SHHOHFWULFSHQHWUDWLRQDVVHPEO\EDVLFFRQILJXUDWLRQLVVKRZQ
LQ)LJXUHD7KHDVVHPEOLHVDUHVL]HGWREHLQVHUWHGLQWKHLQVFKHGXOH
SHQHWUDWLRQQR))OHVZKLFKDUHIXUQLVKHGDVSDUWRIWKHFRQWDLQPHQWVWUXFWXUH7KH
SULQFLSDOSHQHWUDWLRQVDUHOLVWHGLQ7DEOHD
2QFDQLVWHUW\SHSHQHWUDWLRQVKHDGHUSODWHVFRQIRUPLQJWRWKHLQQHUGLDPHWHURIWKH
SHQHWUDWLRQQR))OHDUHSURYLGHGDWHDFKHQGRIWKHSHQHWUDWLRQDVVHPEO\IRUPLQJD
GRXEOHSUHVVXUHEDUULHU2QPRGXODUW\SHSHQHWUDWLRQ;DGRXEOHHOHFWULF
FRQGXFWRUVHDOVDQGDVLQJOHDSHUWXUHVHDODUHSURYLGHG'RXEOHDSHUWXUHVHDOLV
SURYLGHGE\DOHDNFKDVHFKDQQHOWKDWPRQLWRUVWKH(3$QR))OHZHOG5DGLDWLRQ
6KLHOGLQJLVDWWDFKHGWRPDQ\RIWKHSHQHWUDWLRQVRQWKHGU\ZHOOVLGHWRSURYLGH
H[WHUQDODFFHVVWRWKHHOHFWULFDOFRQQHFWLRQVGXULQJSODQWRSHUDWLRQ
7KHGHVLJQDQGIDEULFDWLRQRIWKHFDQLVWHUW\SHRISHQHWUDWLRQDVVHPEOLHVLVLQ
DFFRUGDQFHZLWKWKHUHTXLUHPHQWVRI$60(6HFWLRQ,,,&ODVV%9HVVHO
5HIHUHQFH 7KHPRGXODUW\SHRISHQHWUDWLRQDVVHPEO\;DDQG
SHQHWUDWLRQV;DQG;PHHW$60(6HFWLRQ,,,6XEVHFWLRQ1(&ODVV0&
&RGH(GLWLRQDQG &RGHHGLWLRQZLWK6XPPHU $GGHQGDUHVSHFWLYHO\
5HIHUHQFHDQG 0DWHULDOVRIFRQVWUXFWLRQDUHVHOIH[WLQJXLVKLQJLQ
DFFRUGDQFHZLWK$670'7KHPRGXODUW\SHRISHQHWUDWLRQDVVHPEO\;D
DQGSHQHWUDWLRQV;DQG;PHHW,(((6WDQGDUG 5HIHUHQFH
7KHHOHFWULFDOSHQHWUDWLRQVZHUHGHVLJQHGWRZLWKVWDQGHQYLURQPHQWDOFRQGLWLRQV
SUHVHQWGXULQJDSRVWXODWHGORVVRIFRRODQWDFFLGHQWDVZHOODVPDLQWDLQLQJ
FRQWDLQPHQWLQWHJULW\IRUH[WHQGHGSHULRGVRIWLPHDWDSRVWDFFLGHQWHQYLURQPHQW
7KHVHFRQGLWLRQVLQFOXGLQJWKHRULJLQDO KLVWRULFDO QRUPDORSHUDWLQJHQYLURQPHQW
FRQGLWLRQDUHVKRZQLQ7DEOH
7KHLQVWDOOHGDVVHPEOLHVDUHGHVLJQHGWRZLWKVWDQGDFRQWLQXRXVLQWHUQDOSUHVVXUHRI
SVLGXULQJQRUPDOHQYLURQPHQWDOFRQGLWLRQVDQGWRPHHWDOHDNUDWHRI
[FFSHUVHFRQGZKHQSUHVVXUL]HGWRSVLJZLWKGU\KHOLXPDWDQDPELHQW
WHPSHUDWXUHRI)7KHVHFRQGLWLRQVZHUHYHULILHGSULRUWRLQVWDOODWLRQLQWKH
SULPDU\FRQWDLQPHQW2QFHLQVWDOOHGSHQHWUDWLRQDVVHPEOLHVDUHSHULRGLFDOO\WHVWHG
3HQHWUDWLRQV;DQG;DUHGHVLJQHGWRPHHWDFRQWLQXRXVLQWHUQDOSUHVVXUH
RISVLGXULQJDFFLGHQWHQYLURQPHQWDOFRQGLWLRQVDQGWRPHHWDOHDNUDWHRIOHVV
WKDQ[FFSHUVHFRQGGU\KHOLXPDWWKLVSUHVVXUH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
3HQHWUDWLRQ;DLVGHVLJQHGWRPHHWDFRQWLQXRXVLQWHUQDOSUHVVXUHRISVL
GXULQJDFFLGHQWHQYLURQPHQWDOFRQGLWLRQV7KHGHVLJQJDVOHDNUDWHRIWKLV
SHQHWUDWLRQLVQRWJUHDWHUWKDQ[FFSHUVHFRQGRIGU\QLWURJHQDWWKHGHVLJQ
WHPSHUDWXUHDQGSUHVVXUH
/RZ9ROWDJH$VVHPEO\
7KHORZYROWDJHDVVHPEO\LVVXLWDEOHIRUYROWDJHVRI9RUOHVVDQGLVGHVLJQHG
IRUFRQGXFWRUVYDU\LQJLQVL]HIURPWRDZJ7KHFDEOHVDUHJURXSHGDQG
SDVVHGWKURXJKRSHQLQJVLQWKHKHDGHUSODWHVDVVKRZQLQ)LJXUH3RWWLQJ
FRPSRXQGLVDSSOLHGDWHDFKHQGRIWKHSHQHWUDWLRQWRVHDOWKHDVVHPEOLHV
&DEOHVDUHWHUPLQDWHGDWHLWKHUVSOLFHVRUDWHQYLURQPHQWDOUHVLVWDQWFRQQHFWRUV
7KHPD[LPXPZLUHGHQVLW\LVUHVWULFWHGWRRIWKHHQGIODQJHFURVVVHFWLRQDO
DUHD
6KLHOGHG6LJQDO&DEOHV
6KLHOGHGVLJQDOFDEOHVDUHSURYLGHGWRLQWHUFRQQHFWORZQRLVHFLUFXLWVEHWZHHQWKH
UHDFWRUDQGWKHFRQWUROURRP LQSDUWLFXODUWKHUHDFWRUQHXWURQPRQLWRULQJ
FKDQQHOV)LJXUHVKRZVDFXWDZD\YLHZRIWKHFRQWDLQPHQWSHQHWUDWLRQ
DVVHPEO\IRUVKLHOGHGVLJQDOFDEOHV2QHW\SHRIFLUFXLWXVHVFRD[FRQQHFWRUV
PRXQWHGGLUHFWO\RQWKHKHDGHUSODWHVDQGLVLVRODWHGIURPJURXQG$QRWKHUW\SHRI
FLUFXLWXVHVFRQQHFWRUVPRXQWHGRQWKHSHQHWUDWLRQDVVHPEO\DX[LOLDU\VWUXFWXUH
7KHFDEOHGHQVLW\LVUHVWULFWHGWRRQHFLUFXLWSHUVTXDUHLQFKHVRIKHDGHUSODWH
VXUIDFHIRUWKHILUVWW\SHDQGDSSUR[LPDWHO\FLUFXLWVRIWKHODWWHUW\SHIRUHDFK
LQSHQHWUDWLRQQR))OH3HQHWUDWLRQV;DQG;KDYHVL[WULD[LDO
FRQQHFWRUVDQGRQHWKHUPRFRXSOHFRQQHFWRU ZLWKFLUFXLWV $OOFRQQHFWRUVDUH
PRXQWHGDVDERYHRQWKHKHDGHUSODWH VHH)LJXUHD 3HQHWUDWLRQ;D
FDQDFFRPPRGDWHVKLHOGHGWZLVWHGSDLUDQGWULSOHVFRD[LDODQGWULD[LDOFLUFXLWV
6HH)LJXUHD
+LJK9ROWDJH&DEOH
$VHFWLRQDOYLHZRIWKHKLJKYROWDJHSRZHUFDEOHSHQHWUDWLRQDVVHPEO\LVVKRZQRQ
)LJXUH7KHSHQHWUDWLRQDVVHPEO\DFFRPPRGDWHVYROWDJHVXSWR.9DQG
FDEOHVDVODUJHDV0&0DQGLVGHVLJQHGWRPDLQWDLQORZJDVOHDNDJHUDWHV
DQGKLJKLQVXODWLRQUHVLVWDQFH7KHKLJKYROWDJHFDEOHVDUHSDVVHGWKURXJK
RSHQLQJVLQWKHKHDGHUSODWHVDQGSRWWLQJFRPSRXQGDSSOLHGWRERWKVLGHVRIWKH
KHDGHUSODWHVWRHIIHFWDSUHVVXUHVHDO7KHKHDGHUSODWHVDUHFRQVWUXFWHGRI
QRQPDJQHWLFVWDLQOHVVVWHHOLQRUGHUWRHOLPLQDWHWKHSRVVLELOLW\RIHGG\FXUUHQW
KHDWLQJ
3LSLQJ3HQHWUDWLRQV
3LSHSHQHWUDWLRQVDUHRIWZRJHQHUDOW\SHV LHWKRVHWKDWDFFRPPRGDWHWKHUPDO
PRYHPHQW KRW DQGWKRVHWKDWH[SHULHQFHUHODWLYHO\OLWWOHWKHUPDOPRYHPHQW FROG
)OXLGSLSLQJSHQHWUDWLRQVIRUZKLFKPRYHPHQWSURYLVLRQVDUHPDGHDUHKLJK
WHPSHUDWXUHOLQHVVXFKDVWKHPDLQVWHDPOLQHDQGFHUWDLQRWKHUUHDFWRUDX[LOLDU\DQG
FRROLQJV\VWHPOLQHV$W\SLFDOSHQHWUDWLRQRIWKLVW\SHLVVKRZQLQ)LJXUH
7KHVHSHQHWUDWLRQVKDYHDJXDUGSLSHEHWZHHQWKHKRWOLQHDQGWKHSHQHWUDWLRQ
QR))OHLQDGGLWLRQWRDGRXEOHVHDODUUDQJHPHQW7KLVSHUPLWVWKHSHQHWUDWLRQWREH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
YHQWHGWRWKHGU\ZHOOVKRXOGDUXSWXUHRIWKHKRWOLQHRFFXUZLWKLQWKHSHQHWUDWLRQ
7KHJXDUGSLSHVDUHGHVLJQHGWRWKHVDPHSUHVVXUHDQGWHPSHUDWXUHDVWKHIOXLGOLQH
DQGDUHDWWDFKHGWRDSHQHWUDWLRQKHDGILWWLQJDRQHSLHFHIRUJLQJZLWKLQWHJUDOIOXHV
RUQR))OHV7KHVHZHUHGHVLJQHGWRWKH$60(6HFWLRQ,,,&ODVV% 5HIHUHQFH
7KHSHQHWUDWLRQVOHHYHLVZHOGHGWRWKHGU\ZHOODQGH[WHQGVWKURXJKWKHELRORJLFDO
VKLHOGZKHUHLWLVZHOGHGWRDEHOORZVZKLFKLQWXUQLVZHOGHGWRWKHJXDUGSLSH7KH
EHOORZVDFFRPPRGDWHVWKHWKHUPDOH[SDQVLRQRIWKHGU\ZHOO$GRXEOHEHOORZV
DUUDQJHPHQWSHUPLWVOHDNWHVWLQJRIWKHSHQHWUDWLRQVHDO7KHOLQHVDUHFRQVWUDLQHG
WROLPLWWKHPRYHPHQWRIWKHOLQHUHODWLYHWRWKHFRQWDLQPHQW\HWSHUPLWSLSH
PRYHPHQWSDUDOOHOWRWKHSHQHWUDWLRQ
6PDOOERUHOLQHVZKLFKFRQQHFWWRKLJKSUHVVXUHV\VWHPVVXFKDVLQVWUXPHQWOLQHV
DQGFRQWUROURGGULYHK\GUDXOLFOLQHVGRQRWKDYHDGRXEOHVHDOSHQHWUDWLRQVOHHYH
7KHVHOLQHVDUHHLWKHUEXQFKHGLQJURXSVRIVL[OLQHVDQGZHOGHGLQDVLQJOHSLSH
VOHHYHRUVKRSZHOGHGLQODUJHJURXSVGLUHFWO\WRWKHGU\ZHOOSODWH7KHPHFKDQLFDO
SUREOHPVLQYROYHGZLWKWKLVQXPEHURIVPDOOSHQHWUDWLRQVLQDUHODWLYHO\VPDOODUHD
PDNHLWLPSUDFWLFDOWRSURYLGHLQGLYLGXDOSHQHWUDWLRQVOHHYHV7KHSLSHVDUH
GHVLJQHGWRGHIOHFWZLWKWKHGU\ZHOOVKHOO
3HQHWUDWLRQGHWDLOVRIFROGSLSLQJOLQHVDUHVKRZQLQ)LJXUH7KHSLSHVOHHYH
ZKLFKDWWDFKHVWRWKHGU\ZHOOLVGHVLJQHGIRUSVLJEXWEHFDXVHRIVWUXFWXUDO
WKLFNQHVVFDQZLWKVWDQGDVXEVWDQWLDOO\KLJKHUSUHVVXUH1REHOORZVDUHUHTXLUHG
VLQFHWKHUPDOH[SDQVLRQLVPLQLPDO$WDEXODWLRQRIWKHW\SHRISHQHWUDWLRQXVHGIRU
HDFKVHUYLFHLVVKRZQLQ7DEOHD
$OOSLSHVWKDWSHQHWUDWHWKH3ULPDU\&RQWDLQPHQWDUHZHOGHGWRDFRQWDLQPHQWVOHHYH
ZLWKWKHVOHHYHZHOGHGWRWKHFRQWDLQPHQWVKHOO7KHUHLVQRGLUHFWZHOGPHQWRIWKH
SLSHWRWKHFRQWDLQPHQWVKHOO
3ULPDU\&RQWDLQPHQW$X[LOLDU\6\VWHPV
6SUD\&RROLQJ6\VWHP
$VSUD\FRROLQJV\VWHPLVSURYLGHGLQERWKWKHGU\ZHOODQGVXSSUHVVLRQFKDPEHUIRU
SRVWDFFLGHQWXVH:DWHUSXPSHGWKURXJKWKH5+5KHDWH[FKDQJHUVFDQEH
GLYHUWHGWRHLWKHURUERWKWKHGU\ZHOODQGVXSSUHVVLRQFKDPEHU7KHVHVSUD\V
FRQGHQVHVWHDPWKDWPD\H[LVWLQHLWKHUFKDPEHUDQGWKHUHIRUHVXEVWDQWLDOO\
UHGXFHSUHVVXUHLQWKHFRQWDLQPHQW6LQFHWKLVV\VWHPLVSDUWRIWKH5+5V\VWHPLW
LVIXUWKHUGHVFULEHGLQ6HFWLRQ
&RROLQJDQG9HQWLODWLRQ6\VWHP
7KHSULPDU\FRQWDLQPHQWYHQWLODWLQJDQGFRROLQJV\VWHPFRQVLVWVRIIRXUDLUFRROHUV
ZKLFKFRROWKHDWPRVSKHUHWREHORZD)EXONDYHUDJHGU\ZHOOWHPSHUDWXUH
GXULQJQRUPDOSODQWRSHUDWLRQ7KLVWHPSHUDWXUHLVDVVXPHGDVDQLQLWLDOFRQGLWLRQ
IRUHYDOXDWLRQRI136+IRUWKH(&&6SXPSV 5HIHUHQFHV DQG 7KH
GU\ZHOODWPRVSKHUHLVFLUFXODWHGWKURXJKWKHGU\ZHOODQGWKHDLUFRROHUVE\IDQVDQG
WKHUHDFWRUEXLOGLQJFORVHGFRROLQJZDWHUV\VWHPLVHPSOR\HGWRUHPRYHKHDWIURP
WKHDLUFRROHUV%\PDLQWDLQLQJWKHEXONDYHUDJHGU\ZHOOWHPSHUDWXUHZHOOEHORZWKH
)ORFDOL]HGOLPLWGXULQJQRUPDOSODQWRSHUDWLRQWKHLQVXODWLRQRQPRWRUV
LVRODWLRQYDOYHVRSHUDWRUVDQGVHQVRUVLQVWUXPHQWDQGHOHFWULFDOFDEOHVDQG
VHDODQWVXVHGLQWKHSHQHWUDWLRQKDYHDVXVWDLQHGOLIH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
&RQWDLQPHQW,VRODWLRQ9DOYHV
7DEOHE 3ULPDU\&RQWDLQPHQW$XWRPDWLF,VRODWLRQ9DOYHV SURYLGHVDOLVWLQJRI
DOOWKHSULPDU\FRQWDLQPHQWDXWRPDWLFLVRODWLRQYDOYHVDORQJZLWKSHUWLQHQW
LQIRUPDWLRQVSHFLILFWRHDFKYDOYHOLVWHG HJLVRODWLRQVLJQDODFWXDWLRQPRGH
QRUPDORSHUDWLQJSRVLWLRQFORVXUHWLPHHWF 7DEOHDSURYLGHVDOLVWLQJRI
FRQWDLQPHQWSHQHWUDWLRQVZLWKVSHFLILFGHVFULSWLRQDQGDSSOLFDEOH$SSHQGL[-W\SH
WHVW
(IIOXHQWOLQHVVXFKDVPDLQVWHDPOLQHVZKLFKFRQQHFWWRWKHUHDFWRUSULPDU\YHVVHO
RUZKLFKDUHRSHQWRWKHSULPDU\FRQWDLQPHQWKDYHDLUVROHQRLGRUPRWRURSHUDWHG
YDOYHV6WXGLHVKDYHVKRZQWKLVDUUDQJHPHQWWRKDYHDKLJKUHOLDELOLW\ZLWKUHVSHFW
WRIXQFWLRQDOSHUIRUPDQFH7KHVHYDOYHVDUHFORVHGDXWRPDWLFDOO\E\WKHVLJQDOV
LQGLFDWHGLQ7DEOHE
2QLQIORZLQJOLQHVHLWKHURIWZRYDOYHDUUDQJHPHQWVLVXVHG(LWKHUERWKLVRODWLRQ
YDOYHVLQVHULHVDUHVHOIDFWXDWHGFKHFNYDOYHVRQHLQVLGHDQGRQHRXWVLGHWKH
FRQWDLQPHQWRURQHLVDFKHFNYDOYHDQGWKHRWKHULVDSRZHURSHUDWHGYDOYH
HOHFWULFPRWRUVROHQRLGRUDLU 2QOLQHVZKHUHIORZPD\EHLQHLWKHUGLUHFWLRQERWK
YDOYHVDUHSRZHURSHUDWHG6HH6HFWLRQIRULVRODWLRQFULWHULDH[FHSWLRQV
7,3V\VWHPJXLGHWXEHVDUHSURYLGHGZLWKDQLVRODWLRQYDOYHZKLFKFORVHV
DXWRPDWLFDOO\XSRQUHFHLSWRISURSHUVLJQDODQGDIWHUWKH7,3FDEOHDQGILVVLRQ
FKDPEHUKDYHEHHQUHWUDFWHG9DOYHSRVLWLRQ IXOORSHQRUIXOOFORVHG RIWKH
DXWRPDWLFFORVLQJYDOYHVLVLQGLFDWHGLQWKHFRQWUROURRP,QVHULHVZLWKWKLVLVRODWLRQ
YDOYHDQDGGLWLRQDORUEDFNXSLVRODWLRQVKHDUYDOYHLVLQFOXGHG%RWKYDOYHVDUH
ORFDWHGRXWVLGHWKHGU\ZHOO7KHIXQFWLRQRIWKHVKHDUYDOYHLVWRDVVXUHLQWHJULW\RI
WKHFRQWDLQPHQWHYHQLQWKHXQOLNHO\HYHQWWKDWWKHRWKHULVRODWLRQYDOYHVKRXOGIDLOWR
FORVHRUWKHFKDPEHUGULYHFDEOHVKRXOGIDLOWRUHWUDFWLILWVKRXOGEHH[WHQGHGLQWKH
JXLGHWXEHGXULQJWKHWLPHWKDWFRQWDLQPHQWLVRODWLRQLVUHTXLUHG7KLVYDOYHLV
GHVLJQHGWRVKHDUWKHFDEOHDQGVHDOWKHJXLGHWXEHXSRQDQDFWXDWLRQVLJQDO(DFK
VKHDUYDOYHLVRSHUDWHGLQGHSHQGHQWO\7KHYDOYHLVDQH[SORVLYHW\SHYDOYH'&
RSHUDWHGZLWKPRQLWRULQJRIHDFKDFWXDWLQJFLUFXLWSURYLGHG
,QWKHHYHQWRIDFRQWDLQPHQWLVRODWLRQVLJQDOWKH7,3V\VWHPUHFHLYHVDFRPPDQGWR
UHWUDFWWKHWUDYHOLQJSUREHVIRUDOOPHFKDQLVPV8SRQIXOOUHWUDFWLRQWKHLVRODWLRQ
YDOYHVDUHWKHQFORVHGDXWRPDWLFDOO\,IDWUDYHOLQJSUREHLVMDPPHGLQWKHWXEHUXQ
VXFKWKDWLWGRHVQRWUHWUDFWLQVWUXPHQWVVXSSO\WKLVLQIRUPDWLRQWRWKHRSHUDWRUZKR
LQWXUQLQYHVWLJDWHVWRGHWHUPLQHLIWKHVKHDUYDOYHVKRXOGEHRSHUDWHG
3URFHVVOLQHVZKLFKGRQRWFRQQHFWWRWKHUHDFWRUSULPDU\V\VWHPRURSHQLQWRWKH
SULPDU\FRQWDLQPHQWDUHSURYLGHGZLWKDWOHDVWRQHUHPRWHO\RSHUDWHGYDOYHORFDWHG
RXWVLGHWKHSULPDU\FRQWDLQPHQWDFKHFNYDOYHRQWKHLQIOXHQWOLQHRXWVLGHWKH
FRQWDLQPHQWRUDYDOYHRQWKHLQIOXHQWOLQHWKDWLVQRUPDOO\FORVHG
,QVWUXPHQWDWLRQSLSLQJFRQQHFWLQJWRWKHUHDFWRUSULPDU\V\VWHPZKLFKOHDYHVWKH
SULPDU\FRQWDLQPHQWLVGHDGHQGHGDWLQVWUXPHQWVORFDWHGLQWKHUHDFWRUEXLOGLQJ
7KHVHOLQHVDUHSURYLGHGZLWKDIORZOLPLWLQJFKHFNYDOYHDVZHOODVPDQXDOLVRODWLRQ
YDOYHV
7KHLQERDUGSULPDU\FRQWDLQPHQWLVRODWLRQIRUWKHFRQWUROURGGULYHK\GUDXOLFV\VWHP
LVSURYLGHGE\WKHGRXEOHVHDOVIRUWKHZLWKGUDZDOOLQHVDQGE\DEDOOFKHFNYDOYHIRU
WKHLQVHUWOLQHVLQHDFKFRQWUROURGGULYHPHFKDQLVP7KHRXWERDUGSULPDU\
FRQWDLQPHQWLVRODWLRQIRUWKHZLWKGUDZDOOLQHVLVSURYLGHGE\WKHVFUDPGLVFKDUJH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
YHQWDQGGUDLQYDOYHVDQGWKHK\GUDXOLFFRQWUROXQLW +&8 GLUHFWLRQDOFRQWUROYDOYHV
7KHRXWERDUGSULPDU\FRQWDLQPHQWLVRODWLRQIRUWKHLQVHUWOLQHVLVSURYLGHGE\WKH
FKDUJLQJDQGFRROLQJZDWHUFKHFNYDOYHV+&8DFFXPXODWRUDQGWKH+&8
GLUHFWLRQDOFRQWUROYDOYHVZLWKHDFKK\GUDXOLFFRQWUROXQLW7KLVGHVLJQKDVEHHQ
UHYLHZHGDQGIRXQGDFFHSWDEOHE\WKH15& 5HIHUHQFHVDQG
(DFKPRWRURSHUDWHGYDOYHLVSURYLGHGZLWKOLPLWVZLWFKHVZKLFKDUHXVHGWRLQGLFDWH
WKDWWKHYDOYHVDUHHLWKHURSHQRUFORVHG(DFKPRWRURSHUDWHGYDOYHLVFDSDEOHRI
EHLQJDFWXDWHGIURPWKHPDLQFRQWUROURRP
0RWLYHSRZHUIRUHDFKRIDSDLURISRZHURSHUDWHGLVRODWLRQYDOYHVLQVHULHVLV
QRUPDOO\IURPSK\VLFDOO\LQGHSHQGHQWVRXUFHVWRSUHFOXGHWKHSRVVLELOLW\RIDVLQJOH
PDOIXQFWLRQLQWHUUXSWLQJSRZHUWRERWKYDOYHV$LURSHUDWHGYDOYHVZKLFKFORVHIRU
WKHQRUPDOFRQWDLQPHQWLVRODWLRQPRGHIDLOFORVHGRQORVVRIDLUSUHVVXUH(OHFWULF
PRWRURSHUDWHGYDOYHVIDLODVLV6ROHQRLGYDOYHVIDLOFORVHGRQORVVRISRZHU
$OOFRQWDLQPHQWLVRODWLRQYDOYHVLQFOXGLQJWKHLUSRZHURSHUDWRUVDUHGHVLJQHGWR
RSHUDWHXQGHUWKHPRVWH[WUHPHDPELHQWFRQGLWLRQVRISUHVVXUHWHPSHUDWXUHHWF
WRZKLFKWKH\PD\EHH[SRVHGDIWHUDPDMRUDFFLGHQW$OWHUQDWHO\DVQRWHGLQ
7DEOHEDXWRPDWLFLVRODWLRQYDOYHVPD\EHGHDFWLYDWHGDQGVHFXUHGLQWKHLU
FORVHGSRVLWLRQDWUHDFWRUFRRODQWWHPSHUDWXUHJUHDWHUWKDQ)$OOLVRODWLRQ
YDOYHVLQOLQHVFRQQHFWLQJWRWKHUHDFWRUSULPDU\V\VWHPDQGDOODFFHVVLEOHZHOGHG
SLSHFRQQHFWLRQVZHUHIXOO\UDGLRJUDSKHGWRDVVXUHWKHLULQWHJULW\ 5HIHUHQFHV
DQG 7KH\DUHEXLOWWRWKHDSSOLFDEOH$60(&RGHVDQGDOOQXFOHDU
LQWHUSUHWDWLRQVDSSO\LQJWRWKHVHFRGHV'XHWRFRQFHUQVRYHUPRWRURSHUDWHGYDOYH
SHUIRUPDQFHUDLVHGE\15&*HQHULF/HWWHU 5HIHUHQFH DQGHQVXLQJ
VXSSOHPHQWVDVDIHW\DVVHVVPHQWRIFRQWDLQPHQWLVRODWLRQPRWRURSHUDWHGYDOYHV
ZDVSHUIRUPHG$OWKRXJKWKHDVVHVVPHQWFRQILUPHGWKDWDOORIWKHYDOYHVZHUH
RSHUDEOHXSJUDGHVZHUHPDGHGXULQJWKH UHIXHOLQJRXWDJHWRLQFUHDVH
SHUIRUPDQFHPDUJLQV 5HIHUHQFH
7ZR0DLQ6WHDP,VRODWLRQ9DOYHV 06,9V DUHZHOGHGLQDKRUL]RQWDOUXQRIHDFKRI
WKHIRXUPDLQVWHDPSLSHVZLWKRQHYDOYHDVFORVHDVSRVVLEOHWRWKHSULPDU\
FRQWDLQPHQWEDUULHULQVLGHDQGWKHRWKHUMXVWRXWVLGHWKHEDUULHU7KHYDOYHVZKHQ
FORVHGIRUPSDUWRIWKHUHDFWRUV\VWHPSURFHVVEDUULHUIRURSHQLQJVRXWVLGHWKH
SULPDU\FRQWDLQPHQWDQGSDUWRIWKHSULPDU\FRQWDLQPHQWEDUULHUIRUQXFOHDUVXSSO\
V\VWHPEUHDNVLQVLGHWKHFRQWDLQPHQW
7KHPDLQVWHDPLVRODWLRQYDOYHVDUHVKRZQLQ)LJXUH7KH0RQWLFHOORYDOYHV
DUHQRPLQDOLQLQGLDPHWHU+LJKSUHVVXUHKLJKWHPSHUDWXUHVWHDPIORZV
WKURXJKWKHYDOYHV7KHYDOYHVDUHGHVLJQHGIRUVDWXUDWHGVWHDPDWSVLJDQG
)ZLWKDPRLVWXUHFRQWHQWRIDSSUR[LPDWHO\
7KHGHVLJQREMHFWLYHIRUWKHYDOYHVLVDPLQLPXPRI\HDUVVHUYLFHDWWKHVSHFLILHG
RSHUDWLQJFRQGLWLRQV7KHHVWLPDWHGRSHUDWLQJF\FOHV IXOOVWURNH SHU\HDUDUH
F\FOHVGXULQJWKHILUVW\HDUDQGF\FOHVSHU\HDUWKHUHDIWHU
,QDGGLWLRQWRPLQLPXPZDOOWKLFNQHVVUHTXLUHGE\DSSOLFDEOHFRGHVDFRUURVLRQ
DOORZDQFHRILQPLQLPXPLVDGGHGWRSURYLGHIRU\HDUVVHUYLFH
7KHFRQWUROXQLWIRUHDFK06,9LVDWWDFKHGWRLWVDLUF\OLQGHUDQGFRQWDLQVWKH
SQHXPDWLFFRQWUROYDOYHVDQGVROHQRLGYDOYHVXVHGIRURSHQLQJFORVLQJDQGVORZ
VSHHGH[HUFLVLQJRIWKHPDLQYDOYH5HPRWHPDQXDOVZLWFKHVLQWKHFRQWUROURRP
HQDEOHWKHRSHUDWRUWRRSHUDWHRUFORVHHDFKYDOYHIRUH[HUFLVLQJRUWHVWLQJ7KH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
GHVFULSWLRQDQGWHVWLQJRIWKHFRQWUROVIRUWKHPDLQVWHDPOLQHLVRODWLRQYDOYHVDUH
LQFOXGHGLQ6HFWLRQ
7KHPDLQVWHDPOLQHYDOYHLQVWDOODWLRQVDUHGHVLJQHGDV&ODVV,HTXLSPHQWWRUHVLVW
WKHGHVLJQEDVLVHDUWKTXDNH VHH6HFWLRQ (DFKYDOYHDVVHPEO\LV
PDQXIDFWXUHGWRZLWKVWDQGWKHGHVLJQEDVLVVHLVPLFIRUFHVDSSOLHGDWWKHPDVV
FHQWHUDVVXPLQJWKHF\OLQGHUVSULQJRSHUDWRULVFDQWLOHYHUHGIURPWKHYDOYHERG\DQG
WKHYDOYHLVORFDWHGLQDKRUL]RQWDOUXQRISLSH7KHVWUHVVHVFDXVHGE\KRUL]RQWDO
DQGYHUWLFDOVHLVPLFIRUFHVDUHFRQVLGHUHGWRDFWVLPXOWDQHRXVO\DQGDUHDGGHG
GLUHFWO\7KHVWUHVVHVLQWKHDFWXDWRUVXSSRUWVFDXVHGE\VHLVPLFORDGVDUH
FRPELQHGZLWKWKHVWUHVVHVFDXVHGE\RWKHUOLYHDQGGHDGORDGVLQFOXGLQJWKH
RSHUDWLQJORDGV7KHFRQWUROYDOYHVDQGRWKHUHTXLSPHQWSURYLGHGLQWKHYDOYH
DVVHPEOLHVDUHGHVLJQHGPDQXIDFWXUHGDQGVKRSWHVWHGLQDFFRUGDQFHZLWK
DSSOLFDEOHSRUWLRQVRIWKHDSSOLFDEOHUHYLVLRQRIWKHIROORZLQJFRGHV
$16,%DQG%86$6%DQG%
$60(6HFWLRQV,,,,DQG9,,,
'HVFULSWLRQRI,QERDUG06,9V
7KHLQERDUG06,9VDUHZ\HSDWWHUQJOREHYDOYHV7KHPDLQGLVFRUSRSSHWLV
DWWDFKHGWRWKHORZHUHQGRIWKHVWHPDQGPRYHVLQJXLGHVDWDDQJOHIURPWKH
LQOHWSLSH1RUPDOVWHDPIORZWHQGVWRFORVHWKHYDOYHDQGLQOHWSUHVVXUHWHQGVWR
KROGWKHYDOYHFORVHG
7KHGLDPHWHURIWKHSRSSHWVHDWLVDSSUR[LPDWHO\WKHVDPHVL]HDVWKHLQVLGH
GLDPHWHURIWKHSLSHDQGWKHDQJOHSHUPLWVVWUHDPOLQLQJRIWKHLQOHWDQGRXWOHW
SDVVDJHWRPLQLPL]HSUHVVXUHGURSGXULQJQRUPDOVWHDPIORZDQGWRDYRLG
EORFNDJHE\GHEULV7KHSUHVVXUHGURSDWRIUDWHGSRZHULVDSSUR[LPDWHO\
SVLG 5HIHUHQFH 7KHYDOYHEDFNVHDWVLQWKHIXOO\RSHQSRVLWLRQWR
SUHYHQWOHDNDJHWKURXJKWKHVWHPSDFNLQJ7KHERQQHWKDVSURYLVLRQVIRUVHDO
ZHOGLQJLQFDVHOHDNVGHYHORSDIWHUWKHYDOYHKDVH[WHQVLYHVHUYLFH
7KHXSSHUHQGRIWKHVWHPLVDWWDFKHGWRDFRPELQDWLRQDLUF\OLQGHUDQGK\GUDXOLF
GDVKSRWWKDWLVXVHGIRURSHQLQJDQGFORVLQJWKHYDOYHDQGIRUVSHHGFRQWURO
UHVSHFWLYHO\6SHHGLVDGMXVWHGE\DYDOYHLQWKHK\GUDXOLFUHWXUQOLQHDORQJVLGHWKH
GDVKSRW WKHYDOYHFORVLQJWLPHLVDGMXVWDEOHEHWZHHQDQGVHF
7KHF\OLQGHULVVXSSRUWHGRQODUJHVKDIWVVFUHZHGDQGSLQQHGLQWRWKHYDOYH
ERQQHW)RXURIWKHVKDIWVDUHDOVRXVHGDVJXLGHVIRUWKHKHOLFDOVSULQJV7KHVH
VSULQJVPDLQWDLQWKHYDOYHVLQWKHFORVHGSRVLWLRQRQFHWKH\DUHVKXWE\WKHYDOYHV¶
DLURSHUDWRU7KHVSULQJVH[HUWGRZQZDUGIRUFHRQWKHVSULQJVHDWPHPEHUZKLFK
LVDWWDFKHGWRWKHVWHP6SULQJJXLGHVSUHYHQWVFRULQJLQQRUPDORSHUDWLRQDQG
SUHYHQWELQGLQJLIDVSULQJEUHDNV7KHVSULQJVHDWPHPEHULVDOVRFORVHO\JXLGHG
RQWKHVXSSRUWVKDIWVDQGULJLGO\DWWDFKHGWRWKHVWHPWRFRQWURODQ\HFFHQWULFIRUFH
LQFDVHRIDEURNHQVSULQJ
2ULJLQDOGHVLJQVSHFLILFDWLRQDPELHQWRSHUDWLQJFRQGLWLRQVIRUWKHLQERDUG06,9V
DUH)QRUPDO)PD[LPXPDWKXPLGLW\LQDUDGLDWLRQILHOGRI5KU
JDPPDDQG5KUQHXWURQSOXVJDPPDFRQWLQXRXVIRUGHVLJQOLIH7KHQRUPDO
DQGDFFLGHQWWHPSHUDWXUHKXPLGLW\DQGUDGLDWLRQOHYHOVDVVRFLDWHGZLWKWKH
HQYLURQPHQWDOTXDOLILFDWLRQRIWKH06,9VLVSURYLGHGLQWKH(4&HQWUDO)LOH3DUW%
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
(QYLURQPHQWDO6SHFLILFDWLRQV7KHHYDOXDWLRQRITXDOLILFDWLRQZDVVXEPLWWHGWRWKH
15&LQ5HIHUHQFH
7KHQRUPDOSLORWDQGPDLQSQHXPDWLFVXSSOLHVIRUWKHLQERDUG06,9VDUHSURYLGHG
E\WKHSODQW,QVWUXPHQW1LWURJHQ6\VWHPDWDQRPLQDOSUHVVXUHRISVLJ,IWKH
,QVWUXPHQW1LWURJHQ6\VWHPEHFRPHVXQDYDLODEOHWKHVXSSO\ZLOODXWRPDWLFDOO\
WUDQVIHUWRWKH,QVWUXPHQW$LU6\VWHPRUVDIHW\JUDGH$OWHUQDWH1LWURJHQ6\VWHP
5HIHUWR6HFWLRQIRUPRUHLQIRUPDWLRQRQWKH,QVWUXPHQW1LWURJHQ6\VWHP
,QVWUXPHQWDQG6HUYLFH$LU6\VWHPDQGWKH$OWHUQDWH1LWURJHQ6\VWHP
- KHQVSULQJVHDWPHPEHUSRVLWLRQIRUDQLQERDUG06,9FRUUHVSRQGVWRDYDOYH
RSHQSRVLWLRQRI RUJUHDWHUDSDLURIVZLWFKHVRQWKHYDOYHDUHDFWXDWHGDQG
SURYLGHLQSXWWRWKHUHDFWRUVFUDPORJLFDVGHVFULEHGLQ6HFWLRQ
$OORZDEOHVFUDPWULSVHWWLQJVDUHDGGUHVVHGLQWKH7HFKQLFDO6SHFLILFDWLRQV
6HSDUDWHVLQJOHVZLWFKHVDFWXDWHLQGLYLGXDO06,9SRVLWLRQLQGLFDWLRQOLJKWVLQWKH
0DLQ&RQWURO5RRPZKHQWKHDVVRFLDWHGYDOYHLVHLWKHUIXOO\RSHQRUIXOO\FORVHG
'HVFULSWLRQRI2XWERDUG06,9V
7KHRXWERDUG06,9VDUHGRXEOHGLVFJDWHYDOYHVHTXLSSHGZLWKVSULQJDFWXDWHG
RSHUDWRUV7KHYDOYHVDUHGHVLJQHGWRPHHWWKHWZRPDLQUHTXLUHPHQWVIRU06,9V
UDSLGFORVXUHXQGHUVWHDPOLQHEUHDNFRQGLWLRQVDQGOHDNWLJKWVHDWLQJDWORZ
GLIIHUHQWLDOSUHVVXUHV
7KHYDOYHERG\SDWWHUQLVDQLQYHQWXULGHVLJQKDYLQJDFODVV SUHVVXUH
UDWLQJ7KHNH\IHDWXUHRIWKHYDOYHLVLWVIRXUSLHFHGRXEOHGLVFZHGJHDVVHPEO\
$QXSSHUDQGORZHUZHGJHDUHDWWDFKHGWRWKHERWWRPRIWKHYDOYHVWHP
&RQQHFWHGORRVHO\WRHDFKZHGJHLVDQLQGHSHQGHQWGLVFRQHIDFLQJXSVWUHDP
DQGWKHRWKHUIDFLQJGRZQVWUHDP(DFKGLVFKDVRQHIODWVHDWZKLFKUXQVSDUDOOHO
WRDFRUUHVSRQGLQJYDOYHERG\VHDWZKLFKLVDOVRIODW6HDOLQJLVDFKLHYHGZKHQWKH
ERG\DQGGLVFVHDWVDUHOLQHGXSZLWKHDFKRWKHUDQGSUHVVHGWRJHWKHUIURPWKH
RXWZDUGIRUFHRIWKHZHGJHVDQGV\VWHPSUHVVXUH$LQGLDPHWHUKROHLV
LQVWDOOHGLQWKHXSVWUHDPGLVFRIHDFKYDOYHWRSUHYHQWSUHVVXUHORFNLQJRIWKHYDOYH
GXULQJGHSUHVVXUL]DWLRQIROORZLQJXSVWUHDPK\GURVWDWLFWHVWLQJRIWKHVWHDPOLQHV
RUUHDFWRUYHVVHO(DFKYDOYHLVHTXLSSHGZLWKDKDUGIDFHGEDFNVHDWRQWKHVWHP
WRPLQLPL]HDQGPLWLJDWHSDFNLQJOHDNDJH
7KHYDOYHZHGJHDVVHPEO\LVGHVLJQHGWRLPSDUWVXIILFLHQWWKUXVWE\LWVHOIRQHDFK
GLVFWRPDLQWDLQDOHDNWLJKWVHDWDWORZGLIIHUHQWLDOSUHVVXUHV$VWKHGLIIHUHQWLDO
SUHVVXUHDFURVVWKHGLVFLQFUHDVHVWKHIRUFHLPSDUWHGRQWKHGLVFIURPV\VWHP
SUHVVXUHDOVRLQFUHDVHVWKHUHE\SURYLGLQJDJUHDWHUVHDOLQJIRUFHDQGPDLQWDLQLQJ
DOHDNWLJKWVHDWWKURXJKRXWWKHHQWLUHUDQJHRIRSHUDWLQJGLIIHUHQWLDOSUHVVXUHV
7KHZHGJLQJGHVLJQDOVRSHUPLWVUDSLGYDOYHFORVXUHZLWKRXWVHDWGLVWRUWLRQ
,QWHUQDOPRYLQJSDUWVGHFHOHUDWHLQGHSHQGHQWO\RIHDFKRWKHUZLWKWKHUHVXOWWKDW
LQHUWLDOIRUFHVDUHGLVVLSDWHGLQDVHULHVRILPSDFWVRYHUDSHULRGRIWLPH7KH
ODUJHVWRIWKHVHLVWUDQVPLWWHGGLUHFWO\WRWKHERWWRPRIWKHYDOYHERG\RQD
QRQVHDOLQJVXUIDFH
7KHRXWERDUG06,9DFWXDWRUVDUHPRXQWHGYHUWLFDOO\RQWKHLUUHVSHFWLYHYDOYH¶V
\RNH7KHDFWXDWRUSURYLGHVFORVLQJWKUXVWXVLQJVSULQJVRQO\3QHXPDWLF
SUHVVXUH SVLJQRPLQDO LVUHTXLUHGWRRSHQWKHDFWXDWRUDQGFRFNLWVVSULQJV
7KHPDLQFRPSRQHQWVRIWKHDFWXDWRUDUHF\OLQGHUSLVWRQVSULQJVDQGK\GUDXOLF
GDVKSRW7KHVSULQJVDQGGDVKSRWDUHORFDWHGDERYHWKHSLVWRQLQVLGHWKHDFWXDWRU
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
F\OLQGHU$VKDIWLVFRQQHFWHGWRWKHSLVWRQDQGSHQHWUDWHVWKHERWWRPRIWKH
DFWXDWRUZKHUHLWLVGLUHFWO\FRXSOHGWRWKHYDOYHVWHP7KHGDVKSRWFRQWUROVWKH
FORVLQJVSHHGRIWKHDFWXDWRU'DVKSRWVSHHGFRQWUROYDOYHVDQGK\GUDXOLFRLO
UHVHUYRLUDUHORFDWHGH[WHUQDOO\RQWKHDFWXDWRUDWLWVWRS YDOYHFORVLQJWLPHLV
GHVLJQHGWREHDGMXVWDEOHEHWZHHQDQGVHF
7KHRXWERDUG06,9VKDYHGHVLJQVSHFLILFDWLRQQRUPDOPD[LPXPRSHUDWLQJ
FRQGLWLRQVRI) KXPLGLW\DQG[UDGVRILQWHJUDWHGGRVHRYHU
\HDUV 5HIHUHQFH 7KHQRUPDODQGDFFLGHQWWHPSHUDWXUHKXPLGLW\DQG
UDGLDWLRQOHYHOVDVVRFLDWHGZLWKWKHHQYLURQPHQWDOTXDOLILFDWLRQRIWKH06,9VLV
SURYLGHGLQWKH(4&HQWUDO)LOH3DUW%(QYLURQPHQWDO6SHFLILFDWLRQV7KH
HYDOXDWLRQRITXDOLILFDWLRQZDVVXEPLWWHGWRWKH15&LQ5HIHUHQFH
7KHSLORWDQGPDLQSQHXPDWLFVXSSOLHVIRUWKHRXWERDUG06,9VDUHSURYLGHGE\WKH
,QVWUXPHQW$LU6\VWHPDQG2XWERDUG06,90DLQ$LU6XSSO\6\VWHPUHVSHFWLYHO\
5HIHUWR6HFWLRQIRUPRUHLQIRUPDWLRQRQWKH,QVWUXPHQWDQG6HUYLFH$LU
6\VWHPDQGWKHRXWERDUG06,9PDLQDLUVXSSO\
- KHQVWHPSRVLWLRQIRUDQRXWERDUG06,9FRUUHVSRQGVWRDYDOYHRSHQSRVLWLRQRI
RUJUHDWHUDSDLURIVZLWFKHVIRUWKHYDOYHDUHDFWXDWHGDQGSURYLGHLQSXWWR
WKHUHDFWRUVFUDPORJLFDVGHVFULEHGLQ6HFWLRQ$OORZDEOHVFUDPWULS
VHWWLQJVDUHDGGUHVVHGLQWKH7HFKQLFDO6SHFLILFDWLRQV6HSDUDWHVLQJOHVZLWFKHV
DFWXDWHLQGLYLGXDO06,9SRVLWLRQLQGLFDWLRQOLJKWVLQWKH0DLQ&RQWURO5RRPZKHQ
WKHDVVRFLDWHGYDOYHLVHLWKHUIXOO\RSHQRUIXOO\FORVHG
7KHRXWERDUG06,9VDUHGHVLJQHGWRFORVHZLWKDPD[LPXPGLIIHUHQWLDOSUHVVXUHRI
SVLG7KHVWHDPGRPHSUHVVXUHIRUWKHRXWVLGHSULPDU\FRQWDLQPHQWVWHDP
OLQHEUHDNKDVEHHQDQDO\]HGDQGVKRZVWKDWWKHVWHDPGRPHSUHVVXUHLVOHVV
WKDQSVLDDIWHUWZRVHFRQGVIRUDOODQDO\]HGVFHQDULRV7KH06,9VDUH
GHVLJQHGWRFORVHLQWRVHFRQGV7KXVWKHGLIIHUHQWLDOSUHVVXUHDFURVVWKH
RXWERDUG06,9IRUDQRXWVLGHSULPDU\FRQWDLQPHQWVWHDPOLQHEUHDNZLOOEHOHVV
WKDQSVLG 5HIHUHQFH
9HQWDQG9DFXXP5HOLHI6\VWHP
$XWRPDWLFYDFXXPUHOLHIGHYLFHVDUHHPSOR\HGWRSUHYHQWWKHSULPDU\FRQWDLQPHQW
IURPH[FHHGLQJWKHH[WHUQDOGHVLJQSUHVVXUH7KHSULPDU\FRQWDLQPHQWLVGHVLJQHG
IRUH[WHUQDOSUHVVXUHQRWPRUHWKDQSVLJUHDWHUWKDQWKHFRQFXUUHQWLQWHUQDO
SUHVVXUH7KHFRQWDLQPHQWLVSHULRGLFDOO\YHQWHGWRHOLPLQDWHSUHVVXUHIOXFWXDWLRQV
FDXVHGE\WHPSHUDWXUHFKDQJHVGXULQJYDULRXVRSHUDWLQJPRGHV7KLVLV
DFFRPSOLVKHGWKURXJKYHQWLODWLRQSXUJHFRQQHFWLRQVZKLFKDUHQRUPDOO\FORVHGZKLOH
WKHUHDFWRULVDWDWHPSHUDWXUHJUHDWHUWKDQ)7KHVXSSUHVVLRQFKDPEHULV
YHQWHGVHSDUDWHO\7KHGU\ZHOOYDFXXPUHOLHIYDOYHVGUDZWKHDWPRVSKHUHIURPWKH
SUHVVXUHVXSSUHVVLRQFKDPEHUDQGWKHSUHVVXUHVXSSUHVVLRQFKDPEHUYDFXXP
UHOLHIGHYLFHGUDZVDLUIURPWKHUHDFWRUEXLOGLQJLQWKHHYHQWYDFXXPFRQGLWLRQV
GHYHORS
7KHVXSSUHVVLRQFKDPEHUYDFXXPUHOLHIV\VWHPFRQVLVWVRIWZRYDFXXPEUHDNHU
YDOYHVLQVHULHVLQHDFKRIWZROLQHVZKLFKDUHMRLQHGLQWRRQHODUJHUOLQHDWWDFKLQJWR
WKHVXSSUHVVLRQFKDPEHU
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
2QHRIHDFKSDLURIYDFXXPEUHDNHUVLVDQDLURSHUDWHGEXWWHUIO\YDOYHZKLFKLV$&
VROHQRLGFRQWUROOHGIURPDGLIIHUHQWLDOSUHVVXUHVZLWFKVLJQDODQGLVGHVLJQHGWRIDLO
RSHQRQORVVRISRZHUDQGORVVRIDLU$VDIHW\JUDGHQLWURJHQVXSSO\V\VWHPLV
DYDLODEOHWRFORVHWKHVHYDFXXPEUHDNHUVLILQVWUXPHQWDLUSUHVVXUHLVORVW VHH
IRUDGGLWLRQDOLQIRUPDWLRQRQWKHDOWHUQDWHQLWURJHQVXSSO\V\VWHP 7KH
VHFRQGYDFXXPEUHDNHULVDVHOIDFWLYDWLQJVZLQJFKHFNDQGLVGHVLJQHGWRVWDUW
RSHQLQJDWDQHJDWLYHSUHVVXUHGLIIHUHQWLDORISVLDQGLVIXOORSHQLIWKHSUHVVXUH
GLIIHUHQWLDOVKRXOGGURSWRDQHJDWLYHSVL7KHFRPELQHGSUHVVXUHGURSDWUDWHG
IORZWKURXJKERWKYDOYHVGRHVQRWH[FHHGSVLWKHVXSSUHVVLRQFKDPEHUGHVLJQ
H[WHUQDOSUHVVXUH
&RQWDLQPHQW0RQLWRUV
0RQLWRUVZKLFKLQGLFDWHDQGUHFRUGFRQWDLQPHQWSUHVVXUHDQGK\GURJHQ
FRQFHQWUDWLRQLQWKHFRQWDLQPHQWDWPRVSKHUHDUHSURYLGHGLQWKHFRQWUROURRPDV
UHTXLUHGE\185(* 5HIHUHQFH ,WHPV,,)DQG,,) VHH
IRUDGGLWLRQDOLQIRUPDWLRQRQK\GURJHQPRQLWRUV
$ZLGHUDQJHPRQLWRUV\VWHPZKLFKFRQWLQXRXVO\LQGLFDWHVDQGUHFRUGVWKHZDWHU
OHYHOLQWKHVXSSUHVVLRQSRROLVSURYLGHGLQWKHFRQWUROURRPDVUHTXLUHGE\
185(*,WHP,,)
3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO6\VWHP
7KHSULPDU\FRQWDLQPHQWDWPRVSKHULFFRQWUROV\VWHPLQWURGXFHVDQLWURJHQ
DWPRVSKHUHLQWRWKHSULPDU\FRQWDLQPHQW%\UHGXFLQJWKHR[\JHQFRQWHQWK\GURJHQ
JHQHUDWHGE\DPHWDOZDWHUUHDFWLRQZLWKWKHIXHOFODGGLQJGXULQJHDUO\SKDVHVRI
ORVVRIFRRODQWDFFLGHQWVFDQQRWLJQLWHDQGGDPDJHWKHFRQWDLQPHQWVWUXFWXUH7KH
V\VWHPLVFDSDEOHRIUHGXFLQJDQGPDLQWDLQLQJWKHR[\JHQFRQWHQWRIWKHDWPRVSKHUH
WROHVVWKDQIRXUSHUFHQWE\YROXPH
7KHHTXLSPHQWIRUWKHSULPDU\FRQWDLQPHQWDWPRVSKHULFFRQWUROV\VWHPSHUIRUPVWZR
IXQFWLRQV LQLWLDOSXUJHRIFRQWDLQPHQW DQG DXWRPDWLFFRQWURORIWKHVXSSO\RI
PDNHXSJDV QLWURJHQ
7KHV\VWHPXWLOL]HVDOLTXLGQLWURJHQVXSSO\DQGDVWHDPYDSRUL]HUIRULQLWLDOSXUJLQJ
7KHVWHDPYDSRUL]HUXQLWFRQYHUWVWKHOLTXLGQLWURJHQLQWRDJDV$VDJDVWKH
QLWURJHQWKHQIORZVWKURXJKDSUHVVXUHUHGXFLQJYDOYHDQGIORZPHWHULQWRWKHGU\ZHOO
DQGSUHVVXUHVXSSUHVVLRQFKDPEHURIWKHSULPDU\FRQWDLQPHQW
7KHGU\ZHOOYHQWLODWLRQFRROHUVDUHXWLOL]HGGXULQJWKHSXUJLQJRSHUDWLRQWRPD[LPL]H
WKHPL[LQJRIQLWURJHQDQGR[\JHQ3ULPDU\FRQWDLQPHQWSUHVVXUHLVPDLQWDLQHGE\
HLWKHUYHQWLQJWKHJDVWRWKHVWDQGE\JDVWUHDWPHQWV\VWHPRUWKHUHDFWRUEXLOGLQJ
H[KDXVW7KHPDNHXSVXSSO\XWLOL]HVDOLTXLGQLWURJHQVXSSO\DQGDQDWPRVSKHULF
YDSRUL]HU
,QVWUXPHQWDWLRQLQWKHFRQWUROURRPLQGLFDWHVR[\JHQFRQFHQWUDWLRQLQWKHSULPDU\
FRQWDLQPHQW
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
$QDLUSXUJHIDQZLWKGXFWLQJWRWKHQLWURJHQSXUJHOLQHLVLQFRUSRUDWHGDVSDUWRIWKH
DWPRVSKHULFFRQWUROV\VWHP7KLVDUUDQJHPHQWSHUPLWVUHVWRUDWLRQRIDEUHDWKDEOH
DWPRVSKHUHZLWKLQWKHGU\ZHOODQGVXSSUHVVLRQFKDPEHUSULRUWRPDLQWHQDQFH
RSHUDWLRQV
'HEULVVFUHHQVDUHLQVWDOOHGRQWKHGU\ZHOODQGZHWZHOOSXUJHDQGYHQWSHQHWUDWLRQV
7KHIXQFWLRQRIWKHSULPDU\FRQWDLQPHQWGHEULVVFUHHQVLVWRSUHYHQWWKHHQWU\RI
IRUHLJQPDWHULDOLQWRWKHSXUJHDQGYHQWOLQHVGXULQJDSRVWXODWHGGHVLJQEDVLV
DFFLGHQW
7KH3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO6\VWHP3 ,'LVVKRZQLQ'UDZLQJ
1+6HFWLRQDQGWKH3ULPDU\&RQWDLQPHQW1LWURJHQ&RQWURO6\VWHP3 ,'
LVVKRZQLQ'UDZLQJ1+6HFWLRQ
&RQWDLQPHQW$WPRVSKHUH0RQLWRULQJ6\VWHP
7KHFRQWDLQPHQWDWPRVSKHUHPRQLWRULQJV\VWHPZDVLQVWDOOHGLQUHVSRQVHWR
185(*³&ODULILFDWLRQRI70,$FWLRQ3ODQ5HTXLUHPHQWV',WZDVRULJLQDOO\
LQVWDOOHGDVDVDIHW\JUDGHV\VWHPLQWHQGHGIRUXVHDIWHUDQDFFLGHQWWRPRQLWRUWKH
K\GURJHQDQGR[\JHQFRQFHQWUDWLRQLQWKHGU\ZHOODQGVXSSUHVVLRQFKDPEHUDQG
VKDUHVDFRPPRQVDPSOHSRLQWIRUWKHSRVWDFFLGHQWVDPSOHV\VWHP7KHUHYLVHG
&)5QRORQJHUGHILQHVDGHVLJQEDVLV/2&$K\GURJHQUHOHDVHDQG
HOLPLQDWHVUHTXLUHPHQWVIRUK\GURJHQFRQWUROV\VWHPVWRPLWLJDWHVXFKDUHOHDVH
7KHK\GURJHQPRQLWRUVDUHUHTXLUHGWRDVVHVVWKHGHJUHHRIFRUHGDPDJHGXULQJD
EH\RQGGHVLJQEDVLVDFFLGHQW,IDQH[SORVLYHPL[WXUHWKDWFRXOGWKUHDWHQ
FRQWDLQPHQWLQWHJULW\H[LVWVGXULQJDEH\RQGGHVLJQEDVLVDFFLGHQWWKHQRWKHUVHYHUH
DFFLGHQWPDQDJHPHQWVWUDWHJLHVVXFKDVSXUJLQJDQGRUYHQWZRXOGQHHGWREH
FRQVLGHUHG7KHK\GURJHQDQGR[\JHQPRQLWRUVDUHQHHGHGWRLPSOHPHQWWKHVH
VHYHUHDFFLGHQWPDQDJHPHQWVWUDWHJLHV7KHDPHQGHGUXOHLPSOHPHQWV
SHUIRUPDQFHEDVHGUHTXLUHPHQWVIRUK\GURJHQDQGR[\JHQPRQLWRUVWREHIXQFWLRQDO
UHOLDEOHDQGFDSDEOHRIFRQWLQXRXVO\PHDVXULQJWKHDSSURSULDWHSDUDPHWHULQWKH
EH\RQGGHVLJQDFFLGHQWHQYLURQPHQW 5HIHUHQFHVDQG
7KHV\VWHPFRQVLVWVRIWZRUHGXQGDQWDQGLQGHSHQGHQWPRQLWRULQJGLYLVLRQVZLWK
HDFKGLYLVLRQKDYLQJDQDQDO\]HUSDQHODVVRFLDWHGYDOYHVDQGSLSLQJVHSDUDWH
VDPSOHSRLQWVDQGDVVRFLDWHGHOHFWULFDOFRQWURODQGLQGLFDWLRQSRZHUHGIURPRQHRI
WKHHPHUJHQF\GLYLVLRQV7KHSULPDU\FRQWDLQPHQWQLWURJHQFRQWUROV\VWHP3 ,'
VKRZQLQ'UDZLQJ1+6HFWLRQKDVEHHQUHYLVHGWRVKRZWKHDGGLWLRQRI
WKLVV\VWHP7KH&RQWDLQPHQW$WPRVSKHUH0RQLWRULQJ6\VWHPLVVKRZQRQ'UDZLQJ
1+ 6HFWLRQ
6XSSUHVVLRQ3RRO7HPSHUDWXUH0RQLWRULQJ6\VWHP
7KH6XSSUHVVLRQ3RRO7HPSHUDWXUH0RQLWRULQJ6\VWHP 6327026 LVDQLQWHJUDO
SDUWRIWKHRYHUDOOSRVWDFFLGHQWPRQLWRULQJFDSDELOLW\RIWKHSODQW7KH6327026
FRQVLVWVRIWZRLQGHSHQGHQWDQGUHGXQGDQWGLYLVLRQV7KHVDIHW\IXQFWLRQRIWKH
6327026LVWRSURYLGHWKHSODQWRSHUDWRUZLWKUHOLDEOHLQIRUPDWLRQRQWKH
VXSSUHVVLRQSRROWHPSHUDWXUHVXFKWKDWWKHSODQWFDQEHRSHUDWHGZLWKLQ7HFKQLFDO
6SHFLILFDWLRQOLPLWV$OOHOHFWULFDOFRPSRQHQWVIRUWKHV\VWHPDUHFODVVLILHGDV&ODVV
(7KHPHFKDQLFDODQGSUHVVXUHERXQGDU\FRPSRQHQWVDUH4XDOLW\*URXS%DQG
PHHWWKHVHLVPLFUHTXLUHPHQWVIRU&ODVV,HTXLSPHQW,QDGGLWLRQWKHV\VWHPLV
GHVLJQHGLQDFFRUGDQFHZLWKWKHDSSOLFDEOHSRUWLRQVRIWKH1XFOHDU5HJXODWRU\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
&RPPLVVLRQ6DIHW\(YDOXDWLRQ5HSRUW185(* 5HIHUHQFH DQG5HJXODWRU\
- XLGH 5HYLVLRQ 5HIHUHQFH H[FHSWIRUWKHSRZHUVXSSO\ $SSOLFDEOH
6327026HTXLSPHQWKDVEHHQHQYLURQPHQWDOO\TXDOLILHGDVUHTXLUHGE\01*3¶V
(4SURJUDP VHH6HFWLRQ (DFKGLYLVLRQRIWKH6327026LVSK\VLFDOO\
VHSDUDWHGIURPWKHRWKHUDQGHLWKHUGLYLVLRQLVFDSDEOHRISURYLGLQJDQDFFXUDWH
PHDVXUHRIWKHVXSSUHVVLRQSRROEXONWHPSHUDWXUH
(DFKGLYLVLRQRIWKH6327026KDVHLJKWWKHUPRZHOOVORFDWHGLQHDFKRIWKH6DIHW\
5HOLHI9DOYHGLVFKDUJLQJED\VRIWKHVXSSUHVVLRQFKDPEHU7KHWKHUPRZHOOVDUH
ORFDWHGDSSUR[LPDWHO\V\PPHWULFDOO\DURXQGWKHRXWVLGHRIWKHVXSSUHVVLRQFKDPEHU
DWWKHFHQWURLGHOHYDWLRQRIWKHVXSSUHVVLRQSRROZDWHUPDVV7KHFHQWURLGHOHYDWLRQ
LVEHORZWKHVXSSUHVVLRQSRROPLQLPXPOHYHOVRWKDWXQFRYHULQJRIWKHWKHUPRZHOOV
DIWHUDSRVWXODWHG/2&$HYHQWZLOOQRWRFFXU7KHWKHUPRZHOOVIRUHDFKGLYLVLRQLQ
HDFKGLVFKDUJLQJED\DUHORFDWHGDSSUR[LPDWHO\IWDSDUW7KHORFDWLRQVRIWKH
WKHUPRZHOOVRQWKHVXSSUHVVLRQFKDPEHUZDOOZHUHFKRVHQVRWKDWWKHUHVSRQVHRI
WKHWKHUPRZHOOVZRXOGOHDGWRDFRQVHUYDWLYHGHWHUPLQDWLRQRIWKHEXONWHPSHUDWXUH
$GHWDLOHGGHVFULSWLRQRIWKH6XSSUHVVLRQ3RRO7HPSHUDWXUH0RQLWRULQJ6\VWHPLV
SURYLGHGLQWKH0RQWLFHOOR0DUN,&RQWDLQPHQW/RQJ7HUP3URJUDP3ODQW8QLTXH
$QDO\VLV5HSRUWDQGLWV$SSHQGL[ 5HIHUHQFH
+DUG3LSH9HQW6\VWHP
7KH+DUG3LSH9HQW6\VWHP +39 SURYLGHVDYHQWSDWKIURPWKHSUHVVXUH
VXSSUHVVLRQFKDPEHU WKHZHWZHOO YDSRUVSDFHWRDUHOHDVHSRLQWDERYHWKH5HDFWRU
%XLOGLQJ7KHYHQWSDWKLVFRPSULVHGRIDQLQSHQHWUDWLRQLQWKHWRSRIWKH
VXSSUHVVLRQFKDPEHUWZRSQHXPDWLFDOO\RSHUDWHGSULPDU\FRQWDLQPHQWLVRODWLRQ
YDOYHVDUXSWXUHGLVFDVXUIDFHPRXQWHGWHPSHUDWXUHHOHPHQWDUDGLDWLRQPRQLWRU
DQGSLSLQJURXWHGIURPWKHSULPDU\FRQWDLQPHQWSHQHWUDWLRQWKURXJKVHFRQGDU\
FRQWDLQPHQWDQGXSWKHRXWVLGHRIWKH5HDFWRU%XLOGLQJWRDSRLQWDERYHWKHURRI7R
FRPSO\ZLWK15&2UGHUV($ DQG($ WKH+39LVWRUQDGRPLVVLOH
SURWHFWHGIURPWKHH[LWWKURXJKVHFRQGDU\FRQWDLQPHQWDWHOHYDWLRQ
XSWRD
PLQLPXPHOHYDWLRQRI
RUIWIURPJUDGH$FKHFNYDOYHLVORFDWHGQHDUWKH
YHQWGLVFKDUJHLQRUGHUWRSUHYHQWDLUIURPHQWHULQJWKHSLSLQJZKHQYHQWLQJVWRSV
7KH+396\VWHPFDQEHRSHUDWHGIURPSULPDU\RUVHFRQGDU\FRQWUROVWDWLRQV7KH
SULPDU\FRQWUROVWDWLRQLVORFDWHGDWWKH$OWHUQDWH6KXWGRZQ3DQHORQWKHWKLUGIORRURI
WKH()7%XLOGLQJDQGWKHVHFRQGDU\LVORFDWHGRQWKH
HOHYDWLRQRIWKH7XUELQH
%XLOGLQJHDVW
7KH+396\VWHPLVSURYLGHGZLWKERWKDGHGLFDWHGKRXUVXSSO\RISQHXPDWLF
SUHVVXUHDQGDGHGLFDWHGKRXUVXSSO\RIHOHFWULFDOSRZHU7KHVHVXSSOLHVZLOO
SURYLGHWKHPRWLYHDQGHOHFWULFDOIRUFHUHTXLUHGWRRSHUDWHDQGPRQLWRUWKH+39
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
5.2.3
3HUIRUPDQFH$QDO\VLV
6L]LQJRIWKH3ULPDU\&RQWDLQPHQW
7KHGHVLJQSDUDPHWHUVIRUWKHSULPDU\FRQWDLQPHQWV\VWHPDUHEDVHGRQGDWD
REWDLQHGIURPWHVWVFRQGXFWHGE\WKH3DFLILF*DV (OHFWULF&RPSDQ\IRUWKH
SURSRVHG%RGHJD%D\5HDFWRULQ 5HIHUHQFH 7KHVHWHVWVDQGVXEVHTXHQW
DQDO\VLVLGHQWLILHGWKHSDUDPHWHUVZKLFKPRVWVWURQJO\LQIOXHQFHWKHSHUIRUPDQFHRI
SUHVVXUHVXSSUHVVLRQV\VWHPV7KHVHSDUDPHWHUVLQFOXGH
D
5DWLRRIWKHGHVLJQEUHDNDUHDWRWKHWRWDOYHQWIORZDUHD
E
5DWLRRIWKHGU\ZHOOYROXPHWRWKHZHWZHOODLUYROXPH
F
'RZQFRPHUVXEPHUJHQFHLQSRROZDWHU
G
9HQWV\VWHPIORZUHVLVWDQFH
7KHGHVLJQEDVLVEUHDNYHQWDUHDUDWLRIRUWKH%RGHJDWHVWVZDV 7KH
HTXLYDOHQWEUHDNIORZDUHDIRU0RQWLFHOORLV VTIWZKLFKZRXOGUHVXOWLQDYHQWIORZ
DUHDRI VTIW7KHRULJLQDO0RQWLFHOORGHVLJQZDVEDVHGRQDQ
HTXLYDOHQWEUHDNIORZDUHDRIZKLFKUHVXOWHGLQDYHQWIORZDUHDRIVTIW7KH
LQVWDOOHGGHVLJQFRQVLVWVRIHLJKWYHQWVKDYLQJDWRWDOPLQLPXPDUHDRIVTIW7KH
DFFLGHQWDQDO\VLVGLVFXVVHGLQ6HFWLRQZDVFDOFXODWHGRQWKHEDVLVRI
VTIWYHQWDUHD
7KHUHDFWRUYHVVHODQGDVVRFLDWHGDX[LOLDU\HTXLSPHQWGLFWDWHWKHUHTXLUHGGU\ZHOO
GLPHQVLRQV7KHORZHUSDUWRIWKHGU\ZHOOLVDVSKHUHIWLQVLGHGLDPHWHU WKHXSSHU
SDUWRIWKHGU\ZHOOLVDF\OLQGULFDOVKHOORIIWLQVLGHGLDPHWHUE\IWLQKLJK
- KHQWKHVHYROXPHVDUHFRPELQHGWKHIUHHYROXPHRIWKHGU\ZHOOYHVVHOLQFOXGLQJ
WKHYHQWWXEHVLVFXIW
7KHPLQLPXPVXSSUHVVLRQFKDPEHUDLUYROXPHLVFXIWZKLFKJLYHVD
PD[LPXPGU\ZHOOZHWZHOODLUYROXPHUDWLRRI FRPSDUHGWRIRUPRVWRIWKH
%RGHJDWHVWV7KH%RGHJDGDWDDQGDQDO\VLVVKRZWKDWDYDULDWLRQRIWKLVPDJQLWXGH
KDVDQHJOLJLEOHHIIHFWRQWKHFRQWDLQPHQWSUHVVXUHWUDQVLHQW7KHHIIHFWVWKDWRWKHU
FRQWDLQPHQWJHRPHWULFSDUDPHWHUVKDYHRQWKH/2&$K\GURG\QDPLFORDGVZHUH
LQYHVWLJDWHGDVSDUWRIWKH0DUN,&RQWDLQPHQW3URJUDP VHH6HFWLRQ LQWKH
)XOO6FDOH7HVW)DFLOLW\ )67) DQGWKH4XDUWHU6FDOH7HVW)DFLOLW\ 467) $OWKRXJK
WKH)67)JHRPHWU\UHVHPEOHGWKH0RQWLFHOORFRQWDLQPHQWVHOHFWHG)67)IHDWXUHV
ZHUHDGMXVWHGWRHQVXUHDFRQVHUYDWLYHGHYHORSPHQWRIWKHORDGV
7KHZDWHUYROXPHLQWKHVXSSUHVVLRQFKDPEHULVVL]HGWRDEVRUEWKHHQHUJ\UHOHDVH
IURPDORVVRIFRRODQWDFFLGHQWZLWKRXWH[FHHGLQJWKHWKHUPDOOLPLWVHVWDEOLVKHGDVD
UHVXOWRIWKH%RGHJDSUHVVXUHVXSSUHVVLRQGHYHORSPHQWWHVWV7KHVXSSUHVVLRQ
FKDPEHUZDWHUOHYHOLVPRQLWRUHGE\WZRZLGHUDQJHZDWHUOHYHOLQVWUXPHQWV7KH
PD[LPXPHQGRIEORZGRZQEXONSRROWHPSHUDWXUHZDVHVWDEOLVKHGDW)7KH
0RQWLFHOORGHVLJQFRQWDLQVDPLQLPXPZDWHUYROXPHRIIWDQGWKHUHVXOWLQJ
SRROWHPSHUDWXUHGXULQJDUHDFWRUEORZGRZQGRHVQRWH[FHHG)DVVXPLQJDQ
LQLWLDOSRROWHPSHUDWXUHRI ) 5HIHUHQFH 'XULQJQRUPDORSHUDWLRQWKHSRRO
WHPSHUDWXUHLVPDLQWDLQHGOHVVWKDQ )DQGLVRQO\DOORZHGWRULVHDERYHWKDWYDOXH
IRUVKRUWGXUDWLRQVGXULQJ5&,&RU+3&,WHVWLQJ 5HIHUHQFH 3URFHGXUDOFRQWUROV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
OLPLWWKHSRROWHPSHUDWXUHZKHQWKHUHDFWRULVSUHVVXUL]HGVRWKDWWKH)HQGRI
EORZGRZQWHPSHUDWXUHLVQRWH[FHHGHGLQWKHHYHQWRID/2&$7HPSHUDWXUHLV
PRQLWRUHGE\6327026 VHHGLVFXVVLRQLQ6HFWLRQ
7KHPLQLPXPGRZQFRPHUVXEPHUJHQFHIRUWKH0RQWLFHOORZHWZHOOGHVLJQLVIW
- HQHUDO(OHFWULFKDVSHUIRUPHGDIXQFWLRQDODVVHVVPHQWRIUHGXFLQJWKHGRZQFRPHU
PLQLPXPVXEPHUJHQFHIURPDQRPLQDOIWWRIW 5HIHUHQFH 7KH%RGHJD
WHVWVGHPRQVWUDWHGFRPSOHWHFRQGHQVDWLRQRIWKHVWHDPZLWKQRVXEPHUJHQFH7KH
YHQWKHDGHUGRZQFRPHUV\VWHPZDVGHVLJQHGWR\LHOGWKHVDPHWRWDOIORZUHVLVWDQFH
DVWKH%RGHJDWHVWJHRPHWU\
4XHQFKHUGHYLFHVDUHSURYLGHGDWWKHWHUPLQDWLRQRIHDFKRIWKHHLJKWVDIHW\UHOLHI
YDOYHGLVFKDUJHOLQHV7KHTXHQFKHUGHYLFHVHQVXUHVWDEOHVWHDPFRQGHQVDWLRQDW
H[SHFWHGSRROWHPSHUDWXUHVGXULQJVDIHW\UHOLHIYDOYHGLVFKDUJHV
&RQWDLQPHQW5HVSRQVHWRD/RVVRI&RRODQW$FFLGHQWDQG659$FWXDWLRQV
&RQWDLQPHQW'\QDPLF5HVSRQVH
7KHORDGVFRQVLGHUHGLQWKHRULJLQDOGHVLJQRIWKHFRQWDLQPHQWLQFOXGHGGHDGZHLJKW
ORDGVVHLVPLFORDGVDQGSUHVVXUHDQGWHPSHUDWXUHORDGVDVVRFLDWHGZLWKQRUPDO
RSHUDWLQJFRQGLWLRQVDQGDSRVWXODWHG/2&$HYHQW$GGLWLRQDO0DUN,K\GURG\QDPLF
ORDGVUHVXOWLQJIURPSRVWXODWHG/2&$HYHQWVDQG659DFWXDWLRQVZHUH
VXEVHTXHQWO\LGHQWLILHGWKHQGHILQHGDQGDVVHVVHGGXULQJLPSOHPHQWDWLRQRIWKH
0DUN,/RQJ7HUP3URJUDP /73 DVGHVFULEHGLQ86$5VHFWLRQ 0DUN,
&RQWDLQPHQW3URJUDP 7KHVHDGGLWLRQDOORDGVLQFOXGHSRROVZHOOYHQWV\VWHP
WKUXVWFRQGHQVDWLRQRVFLOODWLRQFKXJJLQJORDGVDQG659GLVFKDUJHORDGV
DVVRFLDWHGZLWKDGHVLJQEDVLVDFFLGHQW '%$ LQWHUPHGLDWHEUHDNDFFLGHQW ,%$
VPDOOEUHDNDFFLGHQW 6%$ DQG659DFWXDWLRQ7KH\DUHGHILQHGE\*HQHUDO
(OHFWULF5HSRUW1('2³0DUN,&RQWDLQPHQW3URJUDP/RDG'HILQLWLRQ5HSRUW'
/'5 5HIHUHQFH DQG1XFOHDU5HJXODWRU\&RPPLVVLRQ6DIHW\(YDOXDWLRQ
5HSRUW185(* 5HIHUHQFH 8VLQJWKHJXLGDQFHRI1('2
0RQWLFHOORSODQWVSHFLILFWLPHKLVWRU\SORWVIRUYHQWWKUXVWORDGVDQGSRROVZHOOORDGV
DQGFRQWDLQPHQWWHPSHUDWXUHDQGSUHVVXUHIRUHQYHORSLQJ'%$,%$DQG6%$
HYHQWVZHUHGHYHORSHGDQGFRPSLOHGLQ*(UHSRUW1('2³0DUN,
&RQWDLQPHQW3URJUDP3ODQW8QLTXH/RDG'HILQLWLRQ0RQWLFHOOR1XFOHDU3RZHU3ODQW'
38/' 5HIHUHQFH
7KHLPSDFWRIDOOSRVWXODWHGFRQWDLQPHQWORDGVDQGORDGFRPELQDWLRQVGHILQHGE\WKH
/'5DQG38/'RQWKHVXSSUHVVLRQFKDPEHUYHQWV\VWHPVXSSUHVVLRQFKDPEHU
LQWHUQDOVWUXFWXUHV659GLVFKDUJHOLQHSLSLQJWRUXVDWWDFKHGSLSLQJDQG
VXSSUHVVLRQFKDPEHUSHQHWUDWLRQVZHUHHYDOXDWHGDWRULJLQDOOLFHQVHGWKHUPDO
SRZHUFRQGLWLRQV$GHWDLOHGGLVFXVVLRQRIWKHVHHYDOXDWLRQVDQGWKHLUUHVXOWVDUH
SURYLGHGLQWKH0RQWLFHOOR0DUN,&RQWDLQPHQW/RQJ7HUP3URJUDP3ODQW8QLTXH
$QDO\VLV5HSRUWV 38$5V 5HIHUHQFHVDQG 7KHRYHUDOOFRQFOXVLRQVRIWKH
38$5VDUHWKDWWKHVWUHVVHVDQGUHDFWLRQVDSSOLHGWRWKHHYDOXDWHGFRPSRQHQWVDQG
VWUXFWXUHVDVDUHVXOWRIWKHSRVWXODWHGORDGVDQGORDGFRPELQDWLRQVDUHZLWKLQWKH
DOORZDEOHOLPLWV7KH38$5VZHUHUHYLHZHGDQGDSSURYHGE\WKH15&
5HIHUHQFH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
185(*UHTXLUHVWKDWSURFHGXUHVEHVSHFLILHGWRLQLWLDWHWKHDXWRPDWLF
GHSUHVVXUL]DWLRQV\VWHP $'6 E\PDQXDORSHUDWRUDFWLRQZLWKLQWKHPLQXWHWLPH
SHULRGDVVXPHGLQWKH/'5LQRUGHUWROLPLWFKXJJLQJGXUDWLRQIRUD6%$7KLV
UHTXLUHPHQWZDVDGGUHVVHGE\WKH%:52ZQHUV¶*URXS %:52* (PHUJHQF\
3URFHGXUH*XLGHOLQHV (3*¶V 5HIHUHQFHVDQG &KXJJLQJLVWKHF\FOLF
FRQGHQVDWLRQRIVWHDPDWWKHGRZQFRPHURSHQLQJVRIWKHGU\ZHOOYHQWV:KHQD
VWHDPEXEEOHFROODSVHVDWWKHH[LWRIWKHGRZQFRPHUVWKHUXVKRIZDWHUGUDZQLQWR
WKHGRZQFRPHUVWRILOOWKHYRLGLQGXFHVVWUHVVDWWKHMXQFWLRQRIWKHGRZQFRPHUVDQG
WKHYHQWKHDGHU5HSHDWHGDSSOLFDWLRQRIVXFKVWUHVVHVFRXOGFDXVHIDWLJXHIDLOXUH
RIWKHVHMRLQWVWKHUHE\FUHDWLQJDGLUHFWSDWKEHWZHHQWKHGU\ZHOODQGWRUXVDLUVSDFH
6WHDPGLVFKDUJHGWKURXJKWKHGRZQFRPHUVFRXOGWKHQE\SDVVWKHVXSSUHVVLRQSRRO
DQGGLUHFWO\SUHVVXUL]HWKHWRUXVDLUVSDFH
6FDOHPRGHOWHVWVGHPRQVWUDWHWKDWFKXJJLQJRFFXUVRQO\ZKHQIORZWKURXJKWKH
GRZQFRPHUVLVORZDQGWKHGU\ZHOODWPRVSKHUHFRQWDLQVPRUHWKDQ VWHDP
&KXJJLQJFDQWKXVEHSUHYHQWHGE\PDLQWDLQLQJWKHGU\ZHOOQRQFRQGHQVDEOH
IUDFWLRQDERYH7KHFRQGLWLRQFDQEHPDLQWDLQHGE\RSHUDWLQJGU\ZHOOVSUD\V
,QLWLDWLQJVSUD\VUHGXFHVGU\ZHOOSUHVVXUHRSHQLQJWKHGU\ZHOOWRWRUXVYDFXXP
EUHDNHUVDQGGUDZLQJQRQFRQGHQVLEOHVEDFNLQWRWKHGU\ZHOO7KHGU\ZHOO
QRQFRQGHQVDEOHFRQWHQWWKXVUHPDLQVKLJKHQRXJKWRSUHFOXGHFKXJJLQJ:KLOH
WKHGU\ZHOOQRQFRQGHQVDEOHFRQWHQWFDQQRWEHPRQLWRUHGGLUHFWO\DQ(3*DFWLRQ
OHYHOKDVEHHQHVWDEOLVKHGEDVHGXSRQWRUXVSUHVVXUH$VGU\ZHOOQRQFRQGHQVLEOHV
DUHSXUJHGWRWKHWRUXVDLUVSDFHDQGUHSODFHGE\VWHDPWRUXVSUHVVXUHLQFUHDVHV
7KHGU\ZHOOQRQFRQGHQVDEOHFRQWHQWFDQWKXVEHUHODWHGWRWRUXVSUHVVXUH)RU
FRQVHUYDWLVPGU\ZHOOVSUD\VDUHLQLWLDWHGDWDWRUXVSUHVVXUHFRUUHVSRQGLQJWRD
GU\ZHOOQRQFRQGHQVDEOHFRQWHQWRI7KLVLVWKH³6XSSUHVVLRQ&KDPEHU6SUD\
,QLWLDWLRQ3UHVVXUH 6&6,3 'GHILQHGWREHWKHORZHVWSUHVVXUHZKLFKFDQRFFXU
ZKHQ RIWKHQRQFRQGHQVLEOHVLQWKHGU\ZHOOKDYHEHHQWUDQVIHUUHGWRWKHWRUXV
7KH6&6,3IRU0RQWLFHOORLVGHILQHGLQHDFKF\FOHVSHFLILFHPHUJHQF\RSHUDWLQJ
SURFHGXUH (23 FDOFXODWLRQLQDFFRUGDQFHZLWK(3*JXLGDQFH7KH6&6,3LV
LPSOHPHQWHGDWDGU\ZHOOSUHVVXUHRISVLJLQWKH(23VVLQFHWKHWRUXVSUHVVXUH
LQGLFDWLQJUDQJHGRHVQRWH[WHQGWRWKH6&6,3 5HIHUHQFH 7KH%:52*
(3*¶VDUHWKHEDVLVIRU0RQWLFHOOR¶V(23V VHH86$5VHFWLRQ
7KH5+5LQWHUWLHOLQHZDVLQVWDOOHGDIWHULVVXDQFHRIWKH38$5V&RQVHTXHQWO\
DQRWKHUDQDO\VLV 5HIHUHQFH ZDVSHUIRUPHGWRHYDOXDWHWKHSRROVZHOOORDGVRQ
WKHWRUXVVKHOODQGLQWHUQDOV7KHPD[LPXPVXSSUHVVLRQSRROPDVVZDVXVHGLQ
RUGHUWRPD[LPL]HWKHSRROVZHOOORDGVZKLFKUHVXOWHGLQDVOLJKWO\KLJKHUSHDN
SUHVVXUHWKDQUHSRUWHGLQ5HIHUHQFH7KHSRROVZHOOORDGVLQFUHDVHGE\OHVVWKDQ
GXHWRWKHLQFUHDVHGGU\ZHOOSUHVVXUH7KH5+5LQWHUWLHOLQHZDVWKHUHIRUH
GHWHUPLQHGWRKDYHDQHJOLJLEOHLPSDFWRQFRQWDLQPHQWORDGV
7KHFRQWDLQPHQWUHVSRQVHWRG\QDPLFORDGVUHVXOWLQJIURPSRVWXODWHG/2&$DQG
659DFWXDWLRQHYHQWVKDVEHHQUHHYDOXDWHGIRUSODQWRSHUDWLRQDW0:W
H[WHQGHGSRZHUXSUDWH (38 FRQGLWLRQV 5HIHUHQFHDQG 7KH/2&$
FRQWDLQPHQWG\QDPLFORDGVDQDO\VLVIRU(38FRQGLWLRQVLVEDVHGSULPDULO\RQWKH
VKRUWWHUP/2&$DQDO\VHV7KHVHDQDO\VHVZHUHSHUIRUPHGXVLQJWKH0DUN,/73
PHWKRGH[FHSWWKDWWKHEUHDNIORZZDVFDOFXODWHGXVLQJDPRUHGHWDLOHG539PRGHO
5HIHUHQFH DQGLQFOXGHVWKHEUHDNDUHDRIWKH5+5LQWHUWLHOLQH7KH
DSSOLFDWLRQRIWKLVPRGHOWR(38FRQWDLQPHQWHYDOXDWLRQVLVLGHQWLILHGLQ*(5HSRUW
1('&3$ 5HIHUHQFH 7KHVHDQDO\VHVSURYLGHFDOFXODWHGYDOXHVIRU
WKHFRQWUROOLQJSDUDPHWHUVIRUWKHG\QDPLFORDGVWKURXJKRXWWKHEORZGRZQ7KHNH\
SDUDPHWHUVDUHGU\ZHOODQGZHWZHOOSUHVVXUHYHQWIORZUDWHVDQGVXSSUHVVLRQSRRO
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
WHPSHUDWXUH7KH/2&$G\QDPLFORDGVHYDOXDWHGLQFOXGHGSRROVZHOOYHQWV\VWHP
WKUXVWFRQGHQVDWLRQRVFLOODWLRQDQGFKXJJLQJORDGV
7KHVKRUWWHUPFRQWDLQPHQWUHVSRQVHFRQGLWLRQVDW(38FRQGLWLRQVDUHZLWKLQWKH
UDQJHRIWHVWFRQGLWLRQVXVHGWRGHILQHWKHSRROVZHOODQGFRQGHQVDWLRQRVFLOODWLRQ
ORDGVIRU0RQWLFHOORLQDFFRUGDQFHZLWKWKH/'5 5HIHUHQFH 7KHORQJWHUP
UHVSRQVHFRQGLWLRQVWKDWDUHSUHVHQWZKHQFKXJJLQJZRXOGRFFXUXQGHU(38DUH
HQYHORSHGE\WKHUDQJHRIFRQGLWLRQVXVHGLQWKH/'5WRGHILQHWKHFKXJJLQJORDGV
7KHYHQWWKUXVWORDGVZHUHFDOFXODWHGWREHOHVVWKDQWKHSODQWVSHFLILFYDOXHV
FRQWDLQHGLQWKH38/' 5HIHUHQFH 7KHUHIRUHWKH/2&$G\QDPLFORDGVDQG
ORDGGHILQLWLRQVGHWHUPLQHGIRURULJLQDOOLFHQVHGWKHUPDOSRZHUFRQGLWLRQVDUHQRW
DIIHFWHGE\(38
7KH659ORDGVDW(38FRQGLWLRQVZHUHHYDOXDWHGIRUWZRGLIIHUHQWDFWXDWLRQSKDVHV
LQLWLDODFWXDWLRQDQGVXEVHTXHQWDFWXDWLRQ/RDGVGXHWRLQLWLDO659DFWXDWLRQDUH
GHWHUPLQHGE\SDUDPHWHUVLQFOXGLQJWKH659VHWSRLQWV659'LVFKDUJH/LQH
659'/ YROXPHOLQHOHQJWKVDQGIULFWLRQORVVHVDQGQXPEHURIWXUQV%HFDXVHDOO
WKHVHSDUDPHWHUVLQFOXGLQJWKH659VHWSRLQWVGRQRWFKDQJHORDGVGXHWRLQLWLDO
659DFWXDWLRQVDUHQRWLPSDFWHGE\(38/RDGVGXHWRVXEVHTXHQW659DFWXDWLRQV
GHSHQGSULPDULO\RQWKH659'/UHIORRGKHLJKWDWWKHWLPHRI659RSHQLQJDQG659
VHWSRLQWV7KHQXPEHURI659F\FOHVZLOOLQFUHDVHZLWK(38GXHWRDKLJKHU
VWHDPLQJUDWHDWLQFUHDVHGGHFD\SRZHUOHYHOV(38ZLOODOVRUHGXFHWKHPLQLPXP
SRVWXODWHGWLPHEHWZHHQ659DFWXDWLRQV+RZHYHUWKHWLPHEHWZHHQDFWXDWLRQVLV
VWLOOZHOODERYHWKHVHFRQGWLPHUHTXLUHGWRUHHVWDEOLVKWKH659GLVFKDUJHOLQH
HTXLOLEULXPKHLJKWZKLFKLVLQGHSHQGHQWRIUHDFWRUSRZHUOHYHO VHH86$5
VHFWLRQ 7KH659ORZORZVHWORJLFSUHYHQWVVXEVHTXHQW659DFWXDWLRQVXQWLO
DIWHUWKH659'/UHIORRGOHYHOVWDELOL]HVWRWKHHTXLOLEULXPKHLJKW&RQVHTXHQWO\WKH
659ORDGVDQGORDGGHILQLWLRQVGXHWRLQLWLDODQGVXEVHTXHQW659DFWXDWLRQVDUHQRW
FKDQJHGIRU(38 5HIHUHQFHVDQG
7KHFRQWDLQPHQWK\GURG\QDPLFORDGVUHVXOWLQJIURPSRVWXODWHG/2&$HYHQWVRU
659DFWXDWLRQVZHUHDOVRHYDOXDWHGDW0D[LPXP([WHQGHG/RDG/LPLW/LQH3OXV
RSHUDWLQJGRPDLQFRQGLWLRQV7KHUHVXOWVRIWKLVHYDOXDWLRQGHPRQVWUDWHWKDWH[LVWLQJ
YHQWWKUXVWSRROVZHOOFRQGHQVDWHRVFLOODWLRQDQGFKXJJLQJORDGGHILQLWLRQVUHPDLQ
ERXQGLQJ,QDGGLWLRQWKHUHDUHQRFKDQJHVWRWKH659DFWXDWLRQORDGV
5HIHUHQFH
6LQFHWKH/2&$G\QDPLFORDGVDQG659DFWXDWLRQORDGVGHWHUPLQHGIRURULJLQDO
OLFHQVHGWKHUPDOSRZHUFRQGLWLRQVDUHQRWDIIHFWHGE\SODQWRSHUDWLRQDW(38DQG
0(///$FRQGLWLRQVWKHUHVXOWVRIWKH38$5V 5HIHUHQFHVDQG DUH
ERXQGLQJDQGJRYHUQLQJIRU0:WFRQGLWLRQV7KH15&FRQFOXGHGWKDWWKH
FRQWDLQPHQWUHVSRQVHWRG\QDPLFORDGVUHVXOWLQJIURPSRVWXODWHG/2&$DQG659
DFWXDWLRQHYHQWVDW(38DQG0(///$FRQGLWLRQVLVVDWLVIDFWRU\ 5HIHUHQFH
DQG
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
'HVLJQ%DVLV$FFLGHQWRI&RRODQW$FFLGHQW '%$/2&$ %UHDN$UHD
7KHWRWDOEUHDNDUHDLVHTXDOWRWKHVXPRIDOOSDUDOOHOIORZDUHDV:LWKWKH5+5
,QWHUWLHOLQHYDOYHVRSHQWKHEUHDNDUHDLVJLYHQE\ VHH)LJXUH
$%
$5$(1$1
ZKHUH
$%
7RWDOHTXLYDOHQWEUHDNDUHD
$5
)ORZDUHDRIUHFLUFXODWLRQOLQH IW
$(
)ORZDUHDRI5+5,QWHUWLHOLQHYDOYHSRUW IW
1
1XPEHURIMHWSXPSVRQRQHKHDGHU
$1
)ORZDUHDRIDVLQJOHMHWSXPSQR))OH IW
7KHUHIRUH
$%
IW
&RQWDLQPHQW7HPSHUDWXUHDQG3UHVVXUH5HVSRQVH
6KRUWDQGORQJWHUPWKHUPRG\QDPLFFDOFXODWLRQVZHUHSHUIRUPHGLQVXSSRUWRI
H[WHQGHGSRZHUXSUDWH (38 5HIHUHQFH DQGWRGHWHUPLQHWKHOLPLWLQJ
FRQWDLQPHQWUHVSRQVHIRUHPHUJHQF\FRUHFRROLQJV\VWHP (&&6 SXPSQHWSRVLWLYH
VXFWLRQKHDG 136+ 5HIHUHQFHV DQG 7KH15&FRQFOXGHG
WKDWWKHFRQWDLQPHQWUHVSRQVHDW(38FRQGLWLRQVZDVVDWLVIDFWRU\ 5HIHUHQFH
7KHSDUDPHWHUVXVHGLQWKHFRQWDLQPHQWUHVSRQVHHYDOXDWLRQVDUHSURYLGHGLQWKH
&RQWDLQPHQW$QDO\VLV,QSXW3DUDPHWHU)RUP 23/$ 7KHPDMRUSDUDPHWHUVIURP
WKHIRUPDUHOLVWHGLQ7DEOH7KH23/$IRUP 5HIHUHQFH DOVRLQFOXGHV
WKHEDVLVIRUHDFKFRQWDLQPHQWSDUDPHWHU7KHDVVXPSWLRQVFRPSXWHUFRGHVLQLWLDO
FRQGLWLRQVDQGPHWKRGVXVHGLQWKH/2&$FRQWDLQPHQWUHVSRQVHHYDOXDWLRQVDUH
GHVFULEHGLQ5HIHUHQFHVDQG7KHGHFD\KHDWDVVXPSWLRQVDUH
GHVFULEHGLQ5HIHUHQFH9DULRXVDFFLGHQWVFHQDULRVZHUHGHYHORSHGWRVXSSRUW
VKRUWWHUPDQGORQJWHUP DVUHTXLUHG PD[LPXPFRQWDLQPHQWUHVSRQVHWRVPDOO
EUHDNLQWHUPHGLDWHEUHDN'%$VWHDPOLQHEUHDNV(4DQG0DUN,ORDGV136+
PLQLPXPFRQWDLQPHQWUHVSRQVHHYDOXDWLRQVZHUHFRPSOHWHGIRU'%$$7:66%2
DQG$SSHQGL[5)XUWKHUHYDOXDWLRQVZHUHFRPSOHWHGWRGHPRQVWUDWHWKDWWKHUHLV
PLQLPDOLPSDFWRQVXSSUHVVLRQSRROWHPSHUDWXUHIURPSHUIRUPDQFHRIFRQWDLQPHQW
FRROLQJXVLQJDQ\RIWKHDYDLODEOHPRGHVLQFOXGLQJVXSSUHVVLRQSRROFRROLQJ
FRQWDLQPHQWVSUD\RUFRUHLQMHFWLRQFRROLQJ'U\ZHOOVSUD\LVFRQVLGHUHGWKHQRUPDO
PRGHRIFRQWDLQPHQWFRROLQJWRFRPSO\ZLWK(23UHTXLUHPHQWVIURPWKHH[SHFWHG
GU\ZHOOSUHVVXUHUHVSRQVH
6KRUWWHUP VHFRQGV ERXQGLQJ(38WKHUPRG\QDPLFFRQWDLQPHQWDQDO\VHVRID
GRXEOHHQGHGSLSHEUHDNIRUDUHFLUFXODWLRQVXFWLRQOLQH '%$/2&$ ZHUH
GHYHORSHGDQGHYDOXDWHG7KHVHDQDO\VHVFRYHUWKHEORZGRZQSHULRGZKHUHWKH
PD[LPXPGU\ZHOODLUVSDFHWHPSHUDWXUHDQGSUHVVXUHRFFXUV3HDNGU\ZHOOSUHVVXUH
IRUD'%$/2&$LVUHDFKHGZLWKLQDERXWVHFRQGV $VEUHDNVL]HGHFUHDVHVWKH
WLPHWRUHDFKSHDNGU\ZHOOSUHVVXUHLQFUHDVHV7KHVKRUWWHUPWKHUPRG\QDPLF
DQDO\VHVXWLOL]HGDVVXPSWLRQVWRPD[LPL]HWKHSHDN'%$/2&$GU\ZHOOSUHVVXUH
7KHGU\ZHOODQGZHWZHOOVKRUWWHUPSHDNSUHVVXUHDQGWHPSHUDWXUHUHVSRQVHVDUH
VKRZQLQ)LJXUHRD 5HIHUHQFH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7KH01*3VKRUWWHUPFRQWDLQPHQWUHVSRQVHIRU0(///$RSHUDWLRQZDVHYDOXDWHG
7KHSUHVVXUHDQGWHPSHUDWXUHUHVXOWVZHUHOHVVOLPLWLQJWKDQWKRVHIRUWKHH[LVWLQJ
GHVLJQEDVLVLH0:WLQWKH0(///$RSHUDWLQJGRPDLQ7KHORQJWHUP
FRQWDLQPHQWUHVSRQVHGRHVQRWFKDQJHIRU0(///$ 5HIHUHQFH
)RU'%$/2&$WKHUHDFWRUTXLFNO\EORZVGRZQGXHWRWKHODUJHEUHDNVL]H7KH
YHVVHOSUHVVXUHGURSVWRRUDSLGO\IRUWKHKLJKSUHVVXUHFRRODQWLQMHFWLRQV\VWHPWR
VXSSO\DQ\PDNHXSZDWHU$WWKHWLPHRIWKHEUHDNLWLVDVVXPHGWKDWWKHRIIVLWH$&
SRZHULVORVWZLWKWKHOLPLWLQJVLQJOHDFWLYHIDLOXUHRIRQHHPHUJHQF\GLHVHOJHQHUDWRU
('* FRQVLGHUHGIRUFRQWDLQPHQWDQDO\VLVRQO\7KHHPHUJHQF\FRUHFRROLQJ
V\VWHP (&&6 SRZHUPXVWWKHUHIRUHEHVXSSOLHGE\WKHUHPDLQLQJ('*7KLV
FDXVHVDGHOD\RIPRUHWKDQVHFEHIRUHUDWHG(&&6IORZLVDYDLODEOH 6HH
7DEOH
7KHPD[LPXPSUHVVXUHDQGWHPSHUDWXUHH[SHFWHGLQWKHFRQWDLQPHQWDVDUHVXOWRI
D'%$/2&$DUHSVLJDQG )UHVSHFWLYHO\ 5HIHUHQFH 7KHERXQGLQJ
PD[LPXPSUHVVXUHVDQGWHPSHUDWXUHVSRVWXODWHGIRUDOO/2&$EUHDNFDVHVDUH
VXPPDUL]HGLQ7DEOH)RUWKHGU\ZHOOFRPSDUWPHQWWKHPD[LPXPSUHVVXUH
DQGWHPSHUDWXUHRFFXUHDUO\LQWKH'%$/2&$GXULQJWKHEORZGRZQSKDVH$WWKLV
WLPHWKHLQHUWLDOHIIHFWVRIWKHIORZLQWKHYHQWV\VWHPFDXVHWKHGU\ZHOOWRUHPDLQDWD
PXFKJUHDWHUSUHVVXUHWKDQWKHZHWZHOO7KHVHKLJKSUHVVXUHVDUHTXLFNO\
GLVVLSDWHGDVFDQEHVHHQLQ)LJXUHRD
7KHORQJWHUPFRQWDLQPHQWUHVSRQVHWRDSRVWXODWHGUHFLUFXODWLRQVXFWLRQOLQHEUHDN
LVLOOXVWUDWHGLQ)LJXUHVRESDQGT)LJXUHREVKRZVWKHH[SHFWHGSUHVVXUHV
LQWKHGU\ZHOODQGSUHVVXUHVXSSUHVVLRQFKDPEHU ZHWZHOO $IWHUWKHYHVVHOLV
IORRGHG(&&6IORZFDVFDGHVIURPWKHEUHDNDQGTXHQFKHVWKHVWHDPLQWKHGU\ZHOO
UDSLGO\GURSSLQJWKHGU\ZHOOSUHVVXUH7KHZHWZHOOWRGU\ZHOOYDFXXPEUHDNHUV
RSHQDQGDOORZQLWURJHQWRUHWXUQWRWKHGU\ZHOO
(23JXLGDQFHUHTXLUHVXVHRIFRQWDLQPHQWVSUD\LISUHVVXUHLVQRWPDLQWDLQHGEHORZ
SVLJ7KHFRQWDLQPHQWUHVSRQVHDQDO\VLVDVVXPHVDULYHUWHPSHUDWXUHRI )
8VHRIFRQWDLQPHQWVSUD\ZLWKDFRROHUULYHUZLOOUHGXFHFRQWDLQPHQWWHPSHUDWXUH
DQGSUHVVXUHIURPZKDWLVVKRZQLQWKHDQDO\VLV(23JXLGDQFHQRWHVWKDW
FRQWDLQPHQWSUHVVXUHVEHORZSVLJPD\QRWSURYLGHDGHTXDWH136+IRUWKH
(&&6SXPSV,WLVUHFRJQL]HGWKDWRSHUDWRUDFWLRQLVUHTXLUHGWRPDLQWDLQDGHTXDWH
136+E\WKURWWOLQJSXPSIORZIURPWKHXQUHVWULFWHG(&&6SXPSIORZUDWHVSURYLGHG
WRUHIORRGWKHFRUH 5HIHUHQFH DQG
7KHGU\ZHOOWHPSHUDWXUHUHVSRQVHLVSORWWHGLQ)LJXUHS)LJXUHTJLYHVWKH
VXSSUHVVLRQSRROWHPSHUDWXUHUHVSRQVH7KHZHWZHOODLUVSDFHLVDVVXPHGWREHLQ
WKHUPDOHTXLOLEULXPZLWKWKHVXSSUHVVLRQSRROIRUWKHILUVWVHFRQGVDVWKHODUJH
YHQWIORZSURPRWHVPL[LQJ7KHUHDIWHUWKHHQHUJ\DQGPDVVWUDQVIHULV
PHFKDQLVWLFDOO\PRGHOHG 5HIHUHQFH
7KHZHWZHOOH[SHULHQFHVLWVPD[LPXPWHPSHUDWXUHODWHULQWKHWUDQVLHQWWKDQWKH
GU\ZHOO7KHVXSSUHVVLRQSRROFRQWLQXHVWRKHDWXSGXHWRGHFD\KHDWIURPWKH
UHDFWRUDQGWKHWUDQVIHURIKHDWIURPWKHUHDFWRUUHDFWRULQWHUQDOVDQGFRRODQWWRWKH
VXSSUHVVLRQSRRO7KHKHDWLVWUDQVIHUUHGWRWKHSRROE\WKHVWHDPDQG(&&6ZDWHU
FRPLQJRXWRIWKHUHDFWRUDQGIORZLQJWKURXJKWKHYHQWV\VWHP(YHQWXDOO\WKH
UHVLGXDOKHDWUHPRYDO 5+5 V\VWHPLVDEOHWRWXUQWKHWUDQVLHQWDURXQGDQGUHPRYH
WKHKHDWIURPWKHSRROIDVWHUWKDQLWLVDGGHG7KLVWXUQDURXQGSRLQWFRUUHVSRQGVWR
WKHPD[LPXPVXSSUHVVLRQSRROWHPSHUDWXUH7KHWLPLQJRIZKHQWKLVSRLQWRFFXUVLV
DIXQFWLRQRIKRZIDVWKHDWLVWUDQVIHUUHGIURPWKHUHDFWRUWRWKHVXSSUHVVLRQSRRO$
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
'%$/2&$SURYLGHVWKHIDVWHVWKHDWWUDQVIHUDQGUHVXOWVLQDSHDNDWDERXW
KRXUV6ORZHUKHDWWUDQVIHUUDWHVVXFKDVIURPDQ6%$HYHQWGHOD\VZKHQWKHSHDN
RFFXUV 5HIHUHQFH $IWHUWKHWHPSHUDWXUHWUDQVLHQWWXUQVDURXQG5+5
FRQWDLQPHQWVSUD\FRROLQJZLOOEHRSHUDWHGIRUDQH[WHQGHGSHULRGRIWLPHUHTXLUHG
E\WKHORQJOLYHGUDGLRDFWLYLW\UHPDLQLQJLQWKHFRUHXQWLODQRUPDORUDOWHUQDWH
PHWKRGRIGHFD\KHDWUHPRYDOKDVEHHQHVWDEOLVKHG7KLVHYHQWDVVXPHVWKHORVV
RIDQHPHUJHQF\GLHVHOJHQHUDWRUZKLFKOLPLWVFRQWDLQPHQWVSUD\FRROLQJWRRQH
GLYLVLRQRI5+5,IWKHRSHUDWRUZHUHWRXVHWKHIXOO5+5FDSDFLW\RULIULYHU
WHPSHUDWXUHZDVORZHUVXFKWKDWLQFUHDVHGFRQWDLQPHQWFRROLQJFDSDFLW\H[LVWV
WKHQWKLVWUDQVLHQWZRXOGWXUQDURXQGVRRQHUDQGWKHPD[LPXPVXSSUHVVLRQSRRO
WHPSHUDWXUHZRXOGEHOHVV
'XULQJWKHORQJWHUPFRQWDLQPHQWUHVSRQVHIRUD'%$/2&$ DIWHUEORZGRZQRIWKH
UHDFWRUYHVVHOLVFRPSOHWH KHDWWUDQVIHUWRWKHVXSSUHVVLRQSRROFRQWLQXHVDQG
SDVVLYHFRQWDLQPHQWKHDWVLQNVDUHDVVXPHG$YDULDEOHKHDWH[FKDQJHU.YDOXHLV
XVHGWKDWLVDIXQFWLRQRIWKHKRW5+5LQOHWWHPSHUDWXUHIRUVXSSUHVVLRQSRROFRROLQJ
FDVHV/LPLWDWLRQVLQPRGHOFDSDELOLW\GLGQRWDOORZXVHRIDYDULDEOH.YDOXHIRU
FRQWDLQPHQWFRROLQJZLWKFRQWDLQPHQWVSUD\FRROLQJ 5HIHUHQFHVDQG 7KH
HIIHFWVRIGHFD\HQHUJ\VWRUHGHQHUJ\DQGHQHUJ\IURPPHWDOZDWHUUHDFWLRQRQWKH
SRROWHPSHUDWXUHDUHFRQVLGHUHG7KLVORQJWHUPDQDO\VLVXVHVWKHPLQLPXP
7HFKQLFDO6SHFLILFDWLRQYDOXHIRUWKHVXSSUHVVLRQSRROYROXPHDQGWKHDVVRFLDWHG
YHQWVXEPHUJHQFHWRPD[LPL]HWKHVXSSUHVVLRQSRROWHPSHUDWXUH
2QHRSHUDWRURSWLRQLVWRDOLJQWKH5+5LQWKHFRQWDLQPHQWVSUD\PRGH7KLVZRXOG
TXHQFKWKHVWHDPLQWKHFRQWDLQPHQWDLUVSDFHDQGUDSLGO\GURSWKHWHPSHUDWXUHDQG
SUHVVXUH
)RUWKH'%$/2&$LWLVDVVXPHGWKDWWKHRSHUDWRUUHDOLJQVRQH5+5SXPSVWDUWV
RQH5+5VHUYLFHZDWHUSXPSDQGLQLWLDWHVIORZWKURXJKWKH5+5KHDWH[FKDQJHUWR
LQLWLDWHFRQWDLQPHQWFRROLQJDWPLQXWHVLQWRWKHHYHQW2QHFRUHVSUD\SXPS
RSHUDWLQJDWWKHGHVLJQLQMHFWLRQUDWHRIJSPGHOLYHUHGWRWKHVSDUJHUVSUD\
QR))OHVLVDVVXPHGWRFRQWLQXHWRSURYLGHYHVVHOLQMHFWLRQDIWHUPLQXWHV
7KHGHVLJQWHPSHUDWXUHRISLSLQJDWWDFKHGWRWKHZHWZHOOHVWDEOLVKHVWKHORQJWHUP
ZHWZHOOWHPSHUDWXUHOLPLW7KHOLPLWLQJSLSLQJGHVLJQWHPSHUDWXUHLV)7KHOLPLW
LVQRWH[FHHGHGZLWK5+5VHUYLFHZDWHUWHPSHUDWXUHVRIXSWR ) 5HIHUHQFH
DQG
7KHHIIHFWRIYDULRXVFRQWDLQPHQWFRROLQJPHWKRGVRQWKHSHDNVXSSUHVVLRQSRRO
WHPSHUDWXUHGXULQJD'%$/2&$ZDVHYDOXDWHG 5HIHUHQFHV 7KHFRROLQJ
PHWKRGVLQFOXGHGVXSSUHVVLRQSRROFRROLQJFRQWDLQPHQWVSUD\FRROLQJDQGFRRODQW
LQMHFWLRQFRROLQJ7KHFDOFXODWHGSHDNVXSSUHVVLRQSRROWHPSHUDWXUHVIRUHDFKFDVH
DUHZLWKLQDIHZGHJUHHVDQGDUHEHORZWKHERXQGLQJGHVLJQYDOXHRI)
/LFHQVLQJ%DVLV8OWLPDWH+HDW6LQN/LPLW
7KHORQJWHUPFRQWDLQPHQWDQDO\VLVZDVHYDOXDWHGLQ5HIHUHQFHVDQGDQG
DFFHSWHGLQ5HIHUHQFH 7KLVHVWDEOLVKHGWKHOLFHQVLQJEDVLVYDOXHIRUVHUYLFH
ZDWHUWHPSHUDWXUH7KHGHVLJQEDVLVVHUYLFHZDWHUWHPSHUDWXUHIRUWKHORQJWHUP
ORVVRIFRRODQWDFFLGHQWFDOFXODWLRQVDQGIRU136+FDOFXODWLRQVFRYHULQJVPDOOEUHDN
DFFLGHQWV$SSHQGL[5VWDWLRQEODFNRXWDQG$7:6HYHQWVLV )
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
,PSDFWRI)XHO7\SHRQ&RQWDLQPHQW$QDO\VHV
$VGLVFXVVHGLQ5HIHUHQFHIRUHYHQWVZLWKVFUDP LH/2&$ WKHRQO\IXHO
GHSHQGHQWFKDUDFWHULVWLFLPSRUWDQWWRWKHFRQWDLQPHQWUHVSRQVHLVGHFD\KHDW6LQFH
WKH$75,80;0IXHOGHFD\KHDWLVYHU\VLPLODUWRWKDWRIWKH*(IXHOWKH
DQDO\VLVRIUHFRUGUHVXOWVIRUSUHYLRXVDQDO\VLV HJ(38DQGRU0(///$ UHPDLQ
DSSOLFDEOHIRUWKHRSHUDWLRQRI$75,80;0IXHODW():FRQGLWLRQV
)RUHYHQWVZLWKRXWVFUDP LH$7:6 WKHIXHOGHSHQGHQWFKDUDFWHULVWLFVLPSRUWDQWWR
WKHFRQWDLQPHQWUHVSRQVHDUHYRLGFRHIILFLHQWDQGERURQZRUWK%DVHGRQD
FRPSDULVRQRIWKHVHIXHOFKDUDFWHULVWLFVEHWZHHQWKH$7,580;0DQG*(IXHO
W\SHV 5HIHUHQFH WKHDQDO\VLVRIUHFRUGUHVXOWVIRUFRQWDLQPHQWUHVSRQVH
ZLWKRXWDVFUDPIRU0(///$UHPDLQDSSOLFDEOHIRUWKHRSHUDWLRQRI$75,80;0
IXHODW():FRQGLWLRQV
&RQWDLQPHQW7HPSHUDWXUHDQG3UHVVXUHIRU(&&63XPS136+
8QGHUFHUWDLQFRQGLWLRQVFRQWDLQPHQWSUHVVXUHLVUHTXLUHGWRDVVXUHDGHTXDWH136+
LVDYDLODEOHIRURSHUDWLRQRI5+5DQG&RUH6SUD\SXPSVIROORZLQJDORVVRIFRRODQW
DFFLGHQW$OODFFLGHQWVDQGOLFHQVHEDVLVHYHQWVZHUHHYDOXDWHG7KRVHHYHQWV
UHTXLULQJVSHFLILFDQDO\VLVLQFOXGHG'%$/2&$6%$$SSHQGL[56%2DQG$7:6
5HIHUHQFHV DQG
$GHWDLOHGDVVHVVPHQWRIWKHXVHRIFRQWDLQPHQWDFFLGHQWSUHVVXUH &$3 LQUHODWLRQ
WRWKH01*35+5DQG&6SXPSVZDVSHUIRUPHG 5HIHUHQFH 7KHDVVHVVPHQW
ZDVEDVHGRQFRPSDULVRQWRVHFWLRQVWKURXJKRI(QFORVXUHWR
6(&< 5HIHUHQFH 7KHHYDOXDWLRQFRQFOXGHVWKDWWKH01*3(&&6
SXPSVFDQUHOLDEO\SHUIRUPWKHLUUHTXLUHGGHVLJQIXQFWLRQVWRPLWLJDWHWKH
FRQVHTXHQFHVRIDFFLGHQWVDQGHYHQWVIRUWKHUHTXLUHGPLVVLRQWLPHZKLOHXVLQJ
DSSURSULDWHXQFHUWDLQWLHVGHILQHGIRU136+UHIIIRU'%$/2&$DQG136+UIRUDOO
RWKHUHYHQWVHYDOXDWHG7KH(&&6SXPSVPHHWWKHUHTXLUHPHQWVRI6(&<
(QFORVXUH
)RUWKHORQJWHUPDQGVKRUWWHUP'%$/2&$HYDOXDWLRQVDQGXQFHUWDLQW\
UHVSHFWLYHO\ZHUHDSSOLHGWRWKH136+UYDOXHVWRGHILQH136+UHIIIRUWKHHYDOXDWLRQ
RISXPSFDSDELOLWLHVWRVXSSRUW(&&6DQDO\VLVDVVXPSWLRQV136+UIRUDSXPSLV
GHILQHGDVWKHVXFWLRQKHDGDWZKLFKFDYLWDWLRQLPSDFWVWKHKHDGSHUIRUPDQFH
OHDGLQJWRDWKUHHSHUFHQWORVVLQKHDGDWDJLYHQIORZDQGSXPSVSHHG'XULQJDQ
136+UWHVWWKHSXPSLVUXQDWDFRQVWDQWIORZDQGVSHHGZLWKWKHVXFWLRQKHDG
UHGXFHGJUDGXDOO\WRWKHSRLQWZKHUHFDYLWDWLRQDQGDKHDGORVVDUHREVHUYHG
7KHXQFHUWDLQWLHVLQ136+ULQFOXGHGLQWKHVWDII¶VJXLGDQFHDGGUHVVWKHSRVVLELOLW\
WKDWFRQGLWLRQVGXULQJWKH136+UYHQGRUWHVWVFRXOGEHGLIIHUHQWWKDQWKRVHVHHQE\
WKHSXPSVGXULQJRSHUDWLRQDWWKHSODQWHIIHFWLYHO\LQFUHDVLQJWKH136+UYDOXHV
7KHGLIIHUHQFHVFRXOGDULVHGXHWRSXPSLQOHWWHPSHUDWXUHYDULDWLRQSXPSLQOHWSLSLQJ
JHRPHWU\YDULDWLRQGLVVROYHGJDVHYROXWLRQYDULDWLRQLQSXPSVSHHGYHQGRUWHVW
XQFHUWDLQW\DQGLQFUHDVHVLQPHFKDQLFDOZHDUULQJFOHDUDQFH
136+UHII XQFHUWDLQW\ 136+U
,QDGGLWLRQWRWKHDSSOLFDWLRQRIXQFHUWDLQWLHVRQWKHSXPS136+UHTXLUHGYDOXHV
DVVXPLQJ(38FRQGLWLRQVFRQVHUYDWLYHDVVXPSWLRQVRISRVWDFFLGHQWFRQGLWLRQV
ZHUHFRQVLGHUHGLQWKHFDOFXODWLRQRIWKH136+DLQFOXGLQJ ZRUVWVLQJOHIDLOXUH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
VXSSUHVVLRQSRROWHPSHUDWXUHPD[LPL]HGFDOFXODWHGVXSSUHVVLRQSRROOHYHO
UHVSRQVHSXPSUXQRXWIORZPD[LPXPFRQWDLQPHQWOHDNDJHKHDGORVVGXHWR
/2&$JHQHUDWHGGHEULVRQVXFWLRQVWUDLQHUVDQGRWKHUFRQVHUYDWLVPVOLVWHGLQ
7DEOHRI6(&<(QFORVXUH 5HIHUHQFHV DQG
$W01*3WKHOLPLWLQJ'HVLJQ%DVLV$FFLGHQW '%$ IRUFRQVLGHUDWLRQRIWKHLPSDFWRI
136+ULVWKHODUJHEUHDN/2&$ZLWKIDLOXUHRIWKH/3&,ORRSVHOHFWORJLF7KH
DQDO\VLVLVGLYLGHGLQWRWZRSDUWV DVKRUWWHUPDQDO\VLVDQGDORQJWHUPDQDO\VLV
5HVXOWVIURPWKHVHERXQGLQJDQDO\VHVDUHSUHVHQWHGLQ)LJXUHVRF VKRUWWHUP
VHF DQG)LJXUHVRG ORQJWHUPVHF 7KHVKRUWWHUPDQDO\VLVFRYHUV
WKDWSHULRGIURPWKHWLPHRIWKHEUHDNXQWLORSHUDWRUDFWLRQLVWDNHQWRWKURWWOHWKH
(&&6SXPSVDQGHVWDEOLVKFRQWDLQPHQWFRROLQJ7KLVSHULRGLVGHILQHGDVRFFXUULQJ
DWRUEHIRUHVHFRQGV)RUFRQVHUYDWLVPGXULQJWKHVKRUWWHUPDQDO\VLV/3&,
IORZLVDVVXPHGWREHLQMHFWHGLQWRWKHEURNHQORRSIRUWKLVHYHQW7KLVUHVXOWVLQWKH
PLQLPXPV\VWHPUHVLVWDQFHIRU/3&,DQGWKHUHIRUHWKHPD[LPXPSXPSUXQRXWIORZ
UDWHIRUWKHVHSXPSV7ZR&6SXPSVDUHDYDLODEOHWRTXHQFKIXHOWHPSHUDWXUHVDQG
UHIORRGWKHFRUHWRFRUHKHLJKW6LQFHDOOVL[(&&6SXPSVDUHDYDLODEOHIRUWKLV
VFHQDULRWKHSXPSVXFWLRQSLSLQJV\VWHPUHVLVWDQFHLVPD[LPL]HGZKLFKUHVXOWVLQ
WKHPLQLPXP136+D136+LVDVVHVVHG 5HIHUHQFH IRUWKHVHFRQGLWLRQVDQG
WKHSRWHQWLDOLPSDFWRQSXPSUHOLDELOLW\KDVEHHQDVVHVVHG
7KHUHLVDVKRUWSHULRGRIVHYHUDOPLQXWHVDIWHUWKHFRUHLVUHIORRGHGWRFRUHKHLJKW
ZKHUH136+D 136+UHII7KLVFRQGLWLRQH[LVWVXQWLOWKH(&&6SXPSVDUH
WKURWWOHGWRVXSSRUWORQJWHUPVFHQDULRDVVXPSWLRQVLHDIWHUVHFRQGV7KH
LPSDFWRIKDYLQJQHJDWLYHPDUJLQIRU136+KDVEHHQDVVHVVHG 5HIHUHQFH
LQFOXGLQJSXPSUHOLDELOLW\DQGWKHFDSDELOLW\RIWKH(&&6WRSURYLGHIORZUDWHV
UHTXLUHGWRVXSSRUWWKH(&&6DQDO\VLVIRUGHPRQVWUDWLRQRIDGHTXDWHFRUHFRROLQJ
- KHQRSHUDWRUDFWLRQLVWDNHQWRWKURWWOHWKHSXPSVWRUHGXFHSXPSIORZUDWH136+
PDUJLQLVUHVWRUHG)RUWKH'%$/2&$LQGLFDWLRQRIOHYHOUHVWRUDWLRQLQWKHUHDFWRUWR
FRUHKHLJKWLVH[SHFWHGSULRUWRVHFRQGV$WWKLVSRLQWLWLVDFFHSWDEOHWR
WKURWWOHWKH(&&6SXPSVWRHVWDEOLVKFRQGLWLRQVIRUORQJWHUPRSHUDWLRQ
)DLOXUHRIDQHPHUJHQF\GLHVHOJHQHUDWRURUEDWWHU\LQFRPELQDWLRQZLWKDORVVRI
RIIVLWHSRZHUUHVXOWVLQWKHDYDLODELOLW\RIRQH&6SXPSWRPDLQWDLQFRUHFRROLQJRQH
5+5SXPSWRFRROFRQWDLQPHQWDQGRQH5+56:SXPSWRUHPRYHGHFD\KHDWIURP
WKH5+5KHDWH[FKDQJHU7KLVFRQILJXUDWLRQGHILQHVWKHOLPLWLQJVHWRIHTXLSPHQWLQ
VHUYLFHIRUWKHORQJWHUPDQDO\VLVLHDIWHUVHFRQGV,QWKLVPRGHRIRSHUDWLRQ
WKHRSHUDWRUVZLOOFRQWURO5+5SXPSIORZWKURXJKWKH5+5KHDWH[FKDQJHUDWD
QRPLQDOUDWHRIJSP2QH&6SXPSZLOOEHLQVHUYLFHIRUFRUHFRROLQJDWDIORZ
UDWHRIJSPGHOLYHUHGWRWKH&6VSDUJHUQR))OHVDQGRQH5+56:SXPSLV
RSHUDWLQJDWDQRPLQDOIORZUDWHRIJSP5+5LVFRQVHUYDWLYHO\DVVXPHGWREH
RSHUDWLQJLQFRQWDLQPHQWVSUD\PRGH&6IORZWRWKHUHDFWRUPXVWEHLQFUHDVHG
DERYHJSPE\WKHDPRXQWUHTXLUHGWRLQFOXGHOHDNDJHIRUWKH&6GHOLYHU\
V\VWHPLQVLGHWKHUHDFWRU 5HIHUHQFH )RUVPDOOHUEUHDNVL]HVWKHFRUHPD\EH
UHIORRGHGWRDERYHWRSRIDFWLYHIXHO,QWKLVFDVHIORZGHOLYHUHGWRWKHUHDFWRUFDQEH
UHGXFHGZKLOHPDLQWDLQLQJWKHFRUHFRYHUHG
5+5SXPSIORZUDWHLVDVVXPHGWREHLQFUHDVHGWRDFFRXQWIRUWKHSXPSPLQLPXP
IORZYDOYHIDLOLQJRSHQGXHWRORVVRIDLUSUHVVXUHRQWKHDLUDFFXPXODWRUDIWHU
PLQXWHV,WLVDVVXPHGWKDWLQGLFDWHGSXPSIORZLVPDLQWDLQHGDWJSPWRSURYLGH
UHTXLUHGIORZWKUXWKH5+5KHDWH[FKDQJHUV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7KHRWKHUOLFHQVHEDVLVHYHQWVHYDOXDWHG LH$7:66%2DQG$SSHQGL[5 XVHG
136+UZLWKQRXQFHUWDLQWLHVDSSOLHGIRUWKHHYDOXDWLRQRISXPSFDSDELOLW\DQG
UHOLDELOLW\7KHUHPDLQLQJDVSHFWVRIVHFWLRQVWKURXJKRI(QFORVXUHWR
6(&<ZHUHFRQVLGHUHGIRUWKHVHHYHQWV 5HIHUHQFHV DQG
+\GURJHQDQG2[\JHQ*HQHUDWLRQLQ&RQWDLQPHQW
)ROORZLQJDORVVRIFRRODQWDFFLGHQW /2&$ K\GURJHQJDVPD\EHJHQHUDWHGLQWKH
UHDFWRUFRQWDLQPHQWDVDUHVXOWRI
D
0HWDOZDWHUUHDFWLRQEHWZHHQ=LUFDOR\IXHOFODGGLQJDQGWKHUHDFWRUZDWHU
FRRODQW
E
5DGLRO\WLFGHFRPSRVLWLRQRIWKHFRRODQWVROXWLRQGXULQJWKHSRVWDFFLGHQW
VLWXDWLRQZLWKR[\JHQDOVREHLQJSURGXFHGLQVWRLFKLRPHWULFDPRXQWVDQG
F
&RUURVLRQRIPHWDOVE\VROXWLRQVXVHGIRUHPHUJHQF\FRROLQJRUFRQWDLQPHQW
VSUD\
0HWDO:DWHU5HDFWLRQ
,I=LUFDOR\LQWKHUHDFWRUFRUHLVKHDWHGWRWHPSHUDWXUHVDERYHDSSUR[LPDWHO\)
LQWKHSUHVHQFHRIVWHDPDFKHPLFDOUHDFWLRQRFFXUVLQZKLFK]LUFRQLXPR[LGHDQG
K\GURJHQDUHIRUPHG7KLVLVDFFRPSDQLHGZLWKDQHQHUJ\UHOHDVHRIDSSUR[LPDWHO\
%WXOERI]LUFRQLXPUHDFWHG7KHHQHUJ\SURGXFHGLVDFFRPPRGDWHGLQWKH
VXSSUHVVLRQFKDPEHUSRRO7KHPHWDOZDWHUUHDFWLRQLVH[SOLFLWO\DFFRXQWHGIRULQ
WKHFRQWDLQPHQWDQDO\VHV 5HIHUHQFH
&RGHRI)HGHUDO5HJXODWLRQV6HFWLRQUHTXLUHVDOOERLOLQJZDWHUUHDFWRU %:5
0DUN,DQG0DUN,,W\SHFRQWDLQPHQWVWREHLQHUWHG%\PDLQWDLQLQJDQ
R[\JHQGHILFLHQWDWPRVSKHUHFRPEXVWLEOHJDVFRPEXVWLRQWKDWFRXOGWKUHDWHQ
FRQWDLQPHQWLQWHJULW\LVSUHYHQWHG 5HIHUHQFH
5DGLRO\VLV
$IWHUWKHLQLWLDOPHWDOZDWHUUHDFWLRQKDVRFFXUUHGK\GURJHQFRQWLQXHVWREHIRUPHG
DORQJZLWKVWRLFKLRPHWULFDPRXQWVRIR[\JHQEHFDXVHRIUDGLRO\VLVRIWKHFRRODQW
VROXWLRQV
7KHUHYLVHG&)5QRORQJHUGHILQHVDGHVLJQEDVLV/2&$K\GURJHQUHOHDVH
DQGHOLPLQDWHVUHTXLUHPHQWVIRUK\GURJHQFRQWUROV\VWHPVWRPLWLJDWHVXFKD
UHOHDVH 5HIHUHQFH
&RUURVLRQ5HDFWLRQV
+\GURJHQJHQHUDWLRQGXHWRDOXPLQXPFRUURVLRQZRXOGEHWKHFKLHIFRUURVLRQ
UHDFWLRQH[SHFWHG7KHDOXPLQXPFRUURVLRQUDWHLVRQO\VLJQLILFDQWZKHQDONDOLQH
VROXWLRQVDUHXVHGIRUUHDFWRUFRROLQJ*HQHUDOO\WKHUHDFWLRQUDWHVDUHVPDOODQGWKH
]LUFRQLXPZDWHUUHDFWLRQLVSUHGRPLQDQW
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
0LVFHOODQHRXV&RQWDLQPHQW3HUIRUPDQFH$QDO\VHV
6HLVPLF$QDO\VLVIRU3ULPDU\&RQWDLQPHQW
-RKQ$%OXPHDQG$VVRFLDWHVRI6DQ)UDQFLVFR&DOLIRUQLDKDYHPDGHDVHLVPLF
VWXG\RIWKHGU\ZHOODQGWKHSUHVVXUHVXSSUHVVLRQFKDPEHU7KHDQDO\VHVZHUH
EDVHGRQWKHVHLVPLFFULWHULDGHILQHGLQ6HFWLRQ7KHUHVXOWVRIWKHVHDQDO\VHV
DUHVXPPDUL]HGLQ$SSHQGL[$7KHWRUXVULQJKHDGHUZDVWKHVXEMHFWRIDVLPLODU
VWXG\E\-$6H[WRQDQG$VVRFLDWHV
7KHGU\ZHOOZDVGHVLJQHGRQWKHEDVLVRIWKHDFFHOHUDWLRQDQGGDPSLQJIDFWRUV
UHFRPPHQGHGE\%OXPHDQG$VVRFLDWHV$PDWKHPDWLFDODQDO\VLVZDVPDGH
LGHDOL]LQJWKHGU\ZHOOVWUXFWXUHDVDOXPSHGPDVVV\VWHPVXSSRUWHGE\HODVWLF
FROXPQV WKHUHDFWRUEXLOGLQJ DWIL[HGORFDWLRQV&XUYHVRIDFFHOHUDWLRQVKHDUIRUFH
PRPHQWDQGGLVSODFHPHQWZHUHSORWWHGIRUYDULRXVHOHYDWLRQVRIWKHVWUXFWXUH7KH
PRVWVHYHUH16DQG(:DFFHOHUDWLRQVZHUHFRPELQHGZLWKDUHFRPPHQGHGJ
YHUWLFDODFFHOHUDWLRQWRDQDO\]HWKHVWUXFWXUH$GDPSLQJIDFWRURIZDVXVHGIRU
WKHGU\ZHOOGHVLJQ
8VLQJWKLVLQIRUPDWLRQWKHGU\ZHOOSUHVVXUHVXSSUHVVLRQFKDPEHUDQGWRUXVULQJ
KHDGHUKDYHEHHQDQDO\]HGWRGHWHUPLQHWKHDGHTXDF\WRUHVLVWWKHVWUHVVHV
LQGXFHGE\DQHDUWKTXDNHFRLQFLGHQWZLWKDEUHDNLQWKHPDLQVWHDPRUUHFLUFXODWLRQ
SLSHOLQHV7KHVXSSUHVVLRQFKDPEHUYHQWV\VWHPWRUXVDWWDFKHGSLSLQJDQG
VXFWLRQKHDGHUZHUHDOVRDQDO\]HGIRUORDGFRPELQDWLRQVLQFOXGLQJVHLVPLFDQG
K\GURG\QDPLFORDGVUHVXOWLQJIURP/2&$UHODWHGDQGVDIHW\UHOLHIYDOYHGLVFKDUJH
HYHQWV7KHVHDQDO\VHVZHUHUHSRUWHGLQWKH0RQWLFHOOR0DUN,&RQWDLQPHQW/RQJ
7HUP3URJUDP3ODQW8QLTXH$QDO\VHV 5HIHUHQFHVDQG
'U\ZHOO([SDQVLRQ*DS'HVLJQ$OORZDQFH
7KHVWHHOGU\ZHOOVKHOOLVODUJHO\HQFORVHGZLWKLQWKHVWUXFWXUDODQGVKLHOGLQJFRQFUHWH
RIWKHUHDFWRUEXLOGLQJ7KHUPDOH[SDQVLRQDVDUHVXOWRIDQRUPDOUHDFWRURSHUDWLRQ
RUSRVWXODWHGDFFLGHQWVFDXVHVWKHVWHHOVKHOOWRH[SDQGERWKUDGLDOO\DQG
WDQJHQWLDOO\7RDFFRPPRGDWHWKLVH[SDQVLRQDQDLUVSDFHZDVSURYLGHGEHWZHHQ
WKHFRQFUHWHDQGWKHGU\ZHOOVKHOO
)URPRWKHUFRQVLGHUDWLRQVVXFKDVPLVVLOHVDQGSRVVLEOHORFDOKLJKSUHVVXUHMHWV
IURPSRVWXODWHGEUHDNVLQWKHVWHDPOLQHLWLVGHVLUDEOHWKDWWKHFRQFUHWHVWUXFWXUHEH
DVFORVHWRWKHGU\ZHOOVKHOODVSRVVLEOHWRSUHYHQWUXSWXUHRIWKHVWHHOVKHOOIURPMHW
RUPLVVLOHLPSLQJHPHQW
7KHPD[LPXPH[SDQVLRQFRQVLGHULQJWKHH[SDQVLRQGXHWRSUHVVXUHDQGWKH
H[SDQVLRQGXHWRWHPSHUDWXUHRFFXUVDWWKHWUDQVLWLRQEHWZHHQWKHVSKHULFDOORZHU
SRUWLRQDQGWKHF\OLQGULFDOXSSHUSRUWLRQRIWKHGU\ZHOO7KLVH[SDQVLRQLV
DSSUR[LPDWHO\LQZKLFKLVOHVVWKDQWKHLQJDSSURYLGHG)XUWKHUDVKHOO
GHIOHFWLRQRILQLVZHOOXQGHUWKHQHDUO\LQWRWDOGHIOHFWLRQQHFHVVDU\WRUXSWXUH
WKHVWHHOVKHOODFFRUGLQJWRWKHWHVWV 5HIHUHQFH
,QWKHFRQVWUXFWLRQPHWKRGXVHGDW0RQWLFHOORWRDFKLHYHWKHJDSLQWKLFNVKHHWV
RI(WKDIRDPVOLJKWO\FRPSUHVVLEOHPDWHULDOZHUHVSUD\HGZLWKVLOLFRQHOXEULFDQWDQG
DWWDFKHGWRWKHGU\ZHOOWRSURYLGHDUHPRYDEOHIRUP&RQFUHWHZDVSRXUHGLQIWOLIWV
DJDLQVWWKH(WKDIRDP$IWHUWKHFRQFUHWHZDVVHWWKH(WKDIRDPZDVSXOOHGRXW
(DFKOLIWZDVLQVSHFWHGWRHQVXUHWKDWDLQJDSKDGEHHQDFKLHYHG$IWHUWKLV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
LQVSHFWLRQDVWULSRISRURXVSRO\XUHWKDQHIRDPZDVLQVHUWHGWRSUHYHQWREMHFWVEHLQJ
GURSSHGLQWRWKHDLUJDS7KLVPHWKRGSURYLGHVSRVLWLYHDVVXUDQFHWKDWWKHJDSLV
DFKLHYHGDQGWKDWQRIRUHLJQREMHFWVKDYHEHHQLQDGYHUWHQWO\OHIWWKHUHLQ6LQFHWKH
SRO\XUHWKDQHVWULSLVYHU\VRIWLWVFRPSUHVVLRQGRHVQRWLQGXFHDQ\XQGXHVWUHVVHV
RQWKHFRQWDLQPHQWYHVVHOVKHOO'UDLQDJHRIWKLVVSDFHLVSHUPLWWHGE\GUDLQV
LQVWDOOHGDERYHWKHVDQGSRFNHWVDWHOHYDWLRQ IWLQDGGLWLRQWRGUDLQDJHWKDW
RFFXUVWKURXJKWKHVKLHOGSHQHWUDWLRQV7KLVPDWHULDOLVVRSRURXVWKDWGUDLQDJHLV
QRWLQKLELWHGDQGYHQWLODWLRQLVQRWSUHYHQWHG
'U\ZHOO0LVVLOH3URWHFWLRQ
0LVVLOHSURWHFWLRQLVJLYHQVSHFLDOFRQVLGHUDWLRQXQGHUDVVXPHGDFFLGHQWFRQGLWLRQV
7KHIROORZLQJVXPPDUL]HVWKHSHUWLQHQWGHVLJQFRQVLGHUDWLRQ
7KHGULYLQJIRUFHIRUSRWHQWLDOPLVVLOHVZLWKLQWKHFRQWDLQPHQWLVDVVXPHGWRFRPH
IURPWKHHQHUJ\ZLWKLQWKHZRUNLQJIOXLG,QWKHFDVHRIDEUHDNLQDSLSHFDUU\LQJ
OLTXLGWKHPD[LPXPOLTXLGYHORFLW\DWWDLQDEOHDWWKHEUHDNLVIWVHFEHFDXVHRI
FKRNLQJ6LPLODUO\WKHYHORFLW\RIIOXLGIURPDVWHDPOLQHEUHDNLVOLPLWHGWRWKHFULWLFDO
YHORFLW\RIIWVHFDWWKHEUHDN7KHGUDJIRUFHRIWKHIOXLGZKLFKSURSHOVDQ\
SRWHQWLDOPLVVLOHLVSURSRUWLRQDOWRWKHSURGXFWRIWKHGHQVLW\DQGWKHYHORFLW\
VTXDUHG(YHQWKRXJKWKHYHORFLW\RIWKHVWHDPH[FHHGVWKDWRIWKHZDWHUWKHHYHQ
ODUJHUUDWLRRIZDWHUGHQVLW\WRVWHDPGHQVLW\DWFRQWDLQPHQWDPELHQWFRQGLWLRQV
PHDQVWKDWSURMHFWLOHVRULJLQDWLQJIURPDZDWHUOLQHKDYHDJUHDWHUGUDJIRUFHDSSOLHG
DQGWKHUHIRUHDFKLHYHDODUJHUNLQHWLFHQHUJ\
&RQVLGHUDWLRQZDVJLYHQWRWKHSRVVLELOLW\RIKDYLQJPLVVLOHVLQWKHIROORZLQJIRUPV
D
9DOYHERQQHWV ODUJHDQGVPDOO
E
9DOYHVWHPV
F
7KHUPRZHOOV
G
9HVVHOKHDGEROWV
H
,QVWUXPHQWWKLPEOHV
I
1XWVDQGEROWV
J
3LHFHVRISLSH
0LVVLOHVRULJLQDWLQJIURPVWHDPOLQHVZHUHQHJOHFWHGDVEHLQJLQVLJQLILFDQWUHODWLYHWR
PLVVLOHVRULJLQDWLQJIURPOLTXLGOLQHV$OOVPDOOPLVVLOHVSURSHOOHGE\OLTXLGZHUH
DVVXPHGWRDFKLHYHDQGPDLQWDLQXQWLOLPSDFWWKHPD[LPXPOLTXLGYHORFLW\RI
IWVHF7KLVLVFRQVHUYDWLYHEHFDXVHDPLVVLOHDIWHUEHLQJGLVORGJHGUHTXLUHVD
ILQLWHWLPHIRUDFFHOHUDWLRQEHIRUHLWFDQDSSURDFKDYHORFLW\RIIWVHF,QDGGLWLRQ
IRUPLVVLOHVGLUHFWHGLQDKRUL]RQWDOGLUHFWLRQWKHUHLVDWHQGHQF\IRUWKHPLVVLOH
ZKLFKLVWUDYHOLQJVORZHUWKDQWKHGULYLQJMHWWRIDOORXWRIWKHMHWDVLWLVDFWHGXSRQE\
JUDYLW\7KHUHIRUHWKHGULYLQJIRUFHDFWVIRUDVKRUWHUWLPHDQGWKHPLVVLOHDFKLHYHV
DORZHUPD[LPXPYHORFLW\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
8VLQJWKHDERYHFRQVHUYDWLYHGHVLJQFULWHULDLWZDVIRXQGWKDWQRVPDOOPLVVLOHV HJ
WKHUPRZHOOVVPDOOYDOYHFRPSRQHQWVHWF RULJLQDWLQJIURPWKHOLTXLGOLQHVZRXOG
DFKLHYHVXIILFLHQWHQHUJ\WRSHQHWUDWHWKHGU\ZHOOQRUZDVWKHUHVXIILFLHQWVWUDLQ
HQHUJ\LQWKHSUHVVXUHYHVVHOKHDGEROWVWRFDXVHSHQHWUDWLRQ
7KHPHWKRGRIFDOFXODWLRQXVHGWRGHWHUPLQHWKHHQHUJ\UHTXLUHGWRSHQHWUDWHWKH
FRQWDLQPHQWVKHOOLVEDVHGRQH[WHQVLYHWHVWVFRQGXFWHGE\WKH6WDQIRUG5HVHDUFK
,QVWLWXWH'XULQJWKHVHWHVWVURGVKDSHGPLVVLOHVZHUHLPSDFWHGDJDLQVWVTXDUHVWHHO
SODWHVKDYLQJFODPSHGHGJHV7KHUHVXOWVRIWKHWHVWVKDYHEHHQGHVFULEHGE\WKH
IROORZLQJH[SUHVVLRQIRUPLQLPXPHQHUJ\SHUXQLWGLDPHWHURIPLVVLOHUHTXLUHGIRU
SHUIRUDWLRQRIDVWHHOSODWH
( 8 77
'
ZKHUH
( &ULWLFDONLQHWLFHQHUJ\UHTXLUHGIRUSHQHWUDWLRQIWOEV
' 'LDPHWHURIPLVVLOHLQ
8 8OWLPDWHWHQVLOHVWUHQJWKSVL
7 3ODWHWKLFNQHVVLQ
7KLVHTXDWLRQKDVEHHQSORWWHGIRUWKHYDULRXVWKLFNQHVVRIWKHGU\ZHOOVKHOODQGLV
VKRZQLQ)LJXUH
7KHPRVWVHULRXVSRWHQWLDOPLVVLOHDSSHDUHGWREHDGLVORGJHGYDOYHERQQHW
RULJLQDWLQJIURPDUHFLUFXODWLRQORRSYDOYH,WZDVDVVXPHGWKDWWKHIDFHRIWKH
ERQQHW LQGLDPHWHU ZDVDFWHGXSRQE\WKHZDWHUMHWDQGWKDWWKHPDVVLYH
OEV ERQQHWVWHPDVVHPEO\LPSDFWHGZLWKWKHFRQWDLQPHQWZLWKWKHVWHP
LQGLDPHWHU PDNLQJLQLWLDOFRQWDFW7KLVLVDFRQVHUYDWLYHO\FKRVHQHYHQW
EHFDXVHLWUHTXLUHVWKDWDOOEROWVKROGLQJWKHERQQHWVHYHUFRPSOHWHO\WKDWWKHERQQHW
DQGVWHPPRYHDVDPDVVLYHXQLWDQGWKDWWKHVWHPHQG VPDOOHVWLPSDFWDUHD VWULNH
WKHFRQWDLQPHQWILUVW
7KHYDOYHERQQHWLVVRKHDY\LWZRXOGDFKLHYHDNLQHWLFHQHUJ\RIIWOEVLI
LWZHUHWUDYHOLQJDWIWVHF7KHUHIRUHDPRUHUHILQHGFDOFXODWLRQZDVQHFHVVDU\
WRVKRZWKDWDYHORFLW\RIIWVHFLVQRWDFWXDOO\DWWDLQHG7KLVFDOFXODWLRQIRXQG
WKDWWKHERQQHWZRXOGKDYHWRDFFHOHUDWHDGLVWDQFHRIDERXWIWDQGUHDFKD
YHORFLW\VOLJKWO\LQH[FHVVRIISVLQRUGHUWRDFTXLUHWKHHQHUJ\ IWOEV
QHFHVVDU\IRUWKHLQGLDPHWHUERQQHWWRSHQHWUDWHWKHLQFRQWDLQPHQW
,WZDVGHWHUPLQHGIURPWKHDUUDQJHPHQWRIFRPSRQHQWVZLWKLQWKHGU\ZHOOWKDWHYHQ
WKRXJKWKHUHFLUFXODWLRQYDOYHVDUHRULHQWHGVXFKWKDWDGLVORGJHGYDOYHERQQHWFRXOG
VWULNHWKHFRQWDLQPHQWGLUHFWO\WKHUHLVHLWKHULQVXIILFLHQWGLVWDQFHDYDLODEOHEHWZHHQ
WKHVWHPDQGGU\ZHOOWRDFKLHYHWKHHQHUJ\QHFHVVDU\WRSHQHWUDWHRUWKHERQQHWLV
GHIOHFWHGE\REVWUXFWLRQVKDQJHUVRUXQHYHQIDLOXUHRIWKHEROWLQJ
,WKDVEHHQVKRZQLQH[SHULPHQWVFRQGXFWHGE\&% , 5HIHUHQFH WKDWODUJHORDGV
DFWLQJRYHUDQDUHDRIVTIWRQDSODWHLQWKLFNZRXOGQRWFDXVHFUDFNLQJWR
GHYHORSLQWKHSODWHVXQWLODGHIOHFWLRQJUHDWHUWKDQLQKDGRFFXUUHG6LQFHWKH
GU\ZHOOVKHOOLVUHLQIRUFHGE\FRQFUHWHORFDWHGQRPLQDOO\LQDZD\LWDSSHDUV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
LPSUREDEOHWKDWREMHFWVKDYLQJDODUJHLPSDFWDUHDDUHDEOHWRSHQHWUDWHWKHVWHHO
ZLWKRXWDOVRSHQHWUDWLQJWKHFRQFUHWH$VVWDWHGDERYHVPDOOPLVVLOHVGRQRW
DFKLHYHDKLJKHQRXJKYHORFLW\WRDWWDLQDQHQHUJ\OHYHOVXIILFLHQWWRSHQHWUDWHVRXQG
FRQWDLQPHQWVKHOOPDWHULDO7KHUHIRUHLWLVFRQFOXGHGWKDWPLVVLOHSHQHWUDWLRQRIWKH
FRQWDLQPHQWLVDKLJKO\LPSUREDEOHHYHQW
- KHUHSRVVLEOHFRQVLGHUDWLRQKDVEHHQJLYHQWRDFKLHYLQJPLVVLOHSURWHFWLRQ
WKURXJKEDVLFSODQWFRPSRQHQWDUUDQJHPHQWVXFKWKDWLIIDLOXUHVKRXOGRFFXUWKH
GLUHFWLRQRIIOLJKWRIWKHPLVVLOHLVDZD\IURPWKHFRQWDLQPHQWYHVVHO,QDGGLWLRQWRWKH
FDUHZLWKZKLFKHTXLSPHQWLVRULHQWHGZLWKUHJDUGWRPLVVLOHVVSHFLDOFDUHKDVEHHQ
WDNHQLQFRPSRQHQWDUUDQJHPHQWVWRVHHWKDWHTXLSPHQWDVVRFLDWHGZLWKHQJLQHHUHG
VDIHW\V\VWHPVVXFKDVWKHFRUHVSUD\DQGWKHFRQWDLQPHQWVSUD\ZHUHVHJUHJDWHG
LQVXFKDPDQQHUWKDWWKHIDLOXUHRIRQHZRXOGQRWFDXVHWKHIDLOXUHRIWKHRWKHU7KH
IDLOXUHRIDQ\FRPSRQHQWZKLFKZRXOGEULQJDERXWWKHQHHGIRUWKHVHHQJLQHHUHG
VDIHJXDUGVV\VWHPVGRHVQRWUHQGHUWKHV\VWHPLQRSHUDEOH$GGLWLRQDOO\WKHFRQWURO
URGGULYHPHFKDQLVPVDUHORFDWHGLQDFRQFUHWHYDXOWWKDWSURYLGHVSURWHFWLRQIURP
SRWHQWLDOPLVVLOHV7KHVXSSUHVVLRQFKDPEHUKDVQRVRXUFHRILQWHUQDORUH[WHUQDO
PLVVLOHJHQHUDWLRQDQGWKHYHQWSLSHVFRQQHFWLQJLWWRWKHGU\ZHOODUHSURWHFWHGE\
WKHMHWGHIOHFWRUV7KHYHQWGLVFKDUJHKHDGHUVDQGSLSLQJZHUHGHVLJQHGWR
ZLWKVWDQGWKHMHWUHDFWLRQIRUFHFDXVHGE\IORZGLVFKDUJHLQWRWKHVXSSUHVVLRQSRRO
7KHSULPDU\FRQWDLQPHQWYHVVHOLVFRPSOHWHO\HQFORVHGLQDUHLQIRUFHGFRQFUHWH
VWUXFWXUHKDYLQJDWKLFNQHVVRIWRIW7KLVFRQFUHWHVWUXFWXUHLQDGGLWLRQWR
VHUYLQJDVWKHEDVLFELRORJLFDOVKLHOGLQJIRUWKHUHDFWRUV\VWHPDOVRSURYLGHVDPDMRU
PHFKDQLFDOEDUULHUIRUWKHSURWHFWLRQRIWKHFRQWDLQPHQWYHVVHODQGWKHUHDFWRU
V\VWHPDJDLQVWSRWHQWLDOPLVVLOHVJHQHUDWHGH[WHUQDOWRWKHSULPDU\FRQWDLQPHQW
7KHVSDFHEHWZHHQWKHFRQWDLQPHQWYHVVHODQGWKHFRQFUHWHLVFRQWUROOHGVRWKDW
DUHDVZKLFKDUHEDFNHGXSE\FRQFUHWHZLWKVWDQGWKHMHWIRUFHVZKLFKPD\RFFXU
XSRQIDLOXUHRIDQ\V\VWHPSLSLQJ:KHUHFRQFUHWHLVQRWDYDLODEOHVXFKDVDWWKH
YHQWRSHQLQJVEDUULHUVZHUHSODFHGIRUMHWSURWHFWLRQ
$OOODUJHSLSHVZKLFKSHQHWUDWHWKHFRQWDLQPHQWZHUHGHVLJQHGVRWKDWWKH\KDYH
DQFKRUVRUOLPLWVWRSVORFDWHGRXWVLGHWKHFRQWDLQPHQWWROLPLWWKHPRYHPHQWRIWKH
SLSH7KHVHVWRSVZHUHGHVLJQHGWRZLWKVWDQGWKHMHWIRUFHVDVVRFLDWHGZLWKWKH
FOHDQEUHDNRIWKHSLSHDQGWKXVPDLQWDLQWKHLQWHJULW\RIWKHFRQWDLQPHQW-HWIRUFHV
ZKLFKPD\DFWRQWKHFRQWDLQPHQWZHUHWDNHQDVHTXDOWRUHDFWRUSUHVVXUHDFWLQJ
GLUHFWO\RQWKHFRQWDLQPHQWRYHUDQDUHDHTXDOWRWKHFURVVVHFWLRQDODUHDRIWKH
ODUJHVWORFDOSLSHRUQR))OH7KHUHFLUFXODWLRQOLQHVZLWKLQWKHSULPDU\FRQWDLQPHQW
KDYHEHHQSURYLGHGZLWKDV\VWHPRISLSHVXSSRUWVGHVLJQHGWROLPLWH[FHVVLYH
PRWLRQDVVRFLDWHGZLWKDSLSHVSOLWRUFLUFXPIHUHQWLDOEUHDN
0DUN,&RQWDLQPHQW3URJUDP
)RUWKH0DUN,FRQWDLQPHQWGHVLJQWKHSUHVVXUHDQGWHPSHUDWXUHORDGVDVVRFLDWHG
ZLWKD/2&$ZHUHEDVHGRQH[SHULPHQWDOWHFKQRORJ\REWDLQHGIURPWHVWLQJRIWKH
%RGHJD%D\DQG+XPEROGW%D\3RZHU3ODQWSUHVVXUHVXSSUHVVLRQFRQFHSWV7KH
WHVWVZHUHSHUIRUPHGWRGHPRQVWUDWHWKHYLDELOLW\RIWKHSUHVVXUHVXSSUHVVLRQ
FRQFHSWIRUUHDFWRUFRQWDLQPHQWGHVLJQE\VLPXODWLQJWKH/2&$ZLWKYDULRXV
HTXLYDOHQWSLSLQJEUHDNVL]HVXSWRWZLFHWKHFURVVVHFWLRQDOEUHDNDUHDRIWKHODUJHVW
UHDFWRUV\VWHPSLSH7KHWHVWGDWDSURYLGHGTXDQWLWDWLYHLQIRUPDWLRQIRUHVWDEOLVKLQJ
FRQWDLQPHQWGHVLJQSUHVVXUHV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
,QSHUIRUPLQJODUJHVFDOHWHVWLQJRIDQDGYDQFHGGHVLJQSUHVVXUHVXSSUHVVLRQ
FRQWDLQPHQW 0DUN,,, DQGGXULQJLQSODQWWHVWLQJRI0DUN,FRQWDLQPHQWV
VXSSUHVVLRQSRROK\GURG\QDPLFORDGVQRWH[SOLFLWO\LQFOXGHGLQWKHRULJLQDO0DUN,
FRQWDLQPHQWGHVLJQEDVLVZHUHLGHQWLILHG7KHVHDGGLWLRQDOORDGVFRXOGUHVXOWIURP
G\QDPLFHIIHFWVRIGU\ZHOODLUDQGVWHDPEHLQJUDSLGO\IRUFHGLQWRWKHVXSSUHVVLRQ
SRROGXULQJDSRVWXODWHG/2&$DQGIURPVXSSUHVVLRQSRROUHVSRQVHWR659
RSHUDWLRQJHQHUDOO\DVVRFLDWHGZLWKSODQWWUDQVLHQWRSHUDWLQJFRQGLWLRQV6LQFHWKHVH
K\GURG\QDPLFORDGVZHUHQRWH[SOLFLWO\FRQVLGHUHGLQWKHRULJLQDOGHVLJQRIWKH0DUN
,FRQWDLQPHQWWKH15&VWDIILQHDUO\ UHTXHVWHGDGHWDLOHGUHHYDOXDWLRQRIWKH
FRQWDLQPHQWV\VWHPIURPHDFKGRPHVWLFXWLOLW\ZLWKD0DUN,FRQWDLQPHQW
5HFRJQL]LQJWKHMRLQWQHHGWRUHVSRQGWRWKH15&UHTXHVWVIRUDGGLWLRQDOLQIRUPDWLRQ
DQGWKHHVVHQWLDOVLPLODULW\RIDOOWKH0DUN,SODQWVWKHGRPHVWLF0DUN,XWLOLWLHV
IRUPHGDQ2ZQHUV*URXSRQ$SULO 7KH2ZQHUV*URXSSURYLGHGDVWURQJ
XQLILHGDQGFRQVLVWHQWDSSURDFKWRUHVROXWLRQRIWKHRSHQLVVXHVWKURXJKWKHSRROLQJ
RILQGLYLGXDOUHVRXUFHV7KH0DUN,2ZQHUV*URXSUHWDLQHGWKH*HQHUDO(OHFWULF
&RPSDQ\WRGHYHORSDQGPDQDJHDSURJUDPZKLFKZRXOGDGGUHVVDQGUHVROYHWKH
VWDWHGFRQFHUQV
$WZRSKDVHSURJUDPZDVHVWDEOLVKHG LWZDVGHVFULEHGWRWKH15&LQOHWWHUV
VXEPLWWHGGXULQJWKHZHHNRI0D\ 7KH3KDVH,HIIRUWFDOOHGWKH6KRUW7HUP
3URJUDP 673 SURYLGHGDUDSLGFRQILUPDWLRQRIWKHDGHTXDF\RIWKHFRQWDLQPHQWWR
PDLQWDLQLWVLQWHJULW\XQGHUWKHPRVWSUREDEOHFRXUVHRIWKHSRVWXODWHG/2&$
FRQVLGHULQJWKHODWHVWDYDLODEOHLQIRUPDWLRQRQWKHLPSRUWDQWVXSSUHVVLRQSRRO
G\QDPLFORDGV7KHILUVWSKDVHGHPRQVWUDWHGWKHDFFHSWDELOLW\RIFRQWLQXHG
RSHUDWLRQGXULQJWKHSHUIRUPDQFHRI3KDVH,,FDOOHGWKH/RQJ7HUP3URJUDP /73
7KH/73LQFOXGHGGHWDLOHGWHVWLQJDQGDQDO\WLFDOZRUNWRGHILQHSUHFLVHO\WKHVSHFLILF
K\GURG\QDPLFORDGVIRUZKLFKHDFKFRQWDLQPHQWZRXOGEHDVVHVVHGWRHVWDEOLVK
FRQIRUPDQFHWRWKHRULJLQDOLQWHQGHGGHVLJQVDIHW\PDUJLQV
7KH673ZDVFRPSOHWHGLQODWH IROORZLQJWKHGRFNHWHGVXEPLWWDOE\HDFKXWLOLW\
RIWKHGRFXPHQWDWLRQOLVWHGLQ5HIHUHQFHVWKURXJK5HYLHZRIWKLV
GRFXPHQWDWLRQE\WKH15&VXEVHTXHQWO\UHVXOWHGLQWKHLVVXDQFHRIWKH0DUN,
&RQWDLQPHQW6KRUW7HUP3URJUDP6DIHW\(YDOXDWLRQ5HSRUWLQ'HFHPEHU
5HIHUHQFH 7KLVUHSRUWFRQFOXGHGWKDWOLFHQVHGGRPHVWLF%:50DUN,IDFLOLWLHV
FRXOGFRQWLQXHWRRSHUDWHVDIHO\ZLWKRXWXQGXHULVNWRWKHKHDOWKDQGVDIHW\RIWKH
SXEOLFGXULQJDQLQWHULPSHULRGZKLOHWKH/RQJ7HUP3URJUDPZDVFRQGXFWHG
,Q-XQH DFWLYLWLHVUHOHYDQWWRWKH/RQJ7HUP3URJUDPFRPPHQFHG$GHWDLOHG
GHVFULSWLRQRIWKH/RQJ7HUP3URJUDPDQGSODQVIRULWVLPSOHPHQWDWLRQDUHDYDLODEOH
LQ5HIHUHQFHV DQG([WHQVLYHH[SHULPHQWDODQGDQDO\WLFDOSURJUDPV
SHUIRUPHGE\WKHPHPEHUVRIWKH0DUN,RZQHUVJURXS\LHOGHGQHZLQVLJKWVUHODWLYH
WRORDGGHILQLWLRQDQGVWUXFWXUDODVVHVVPHQWWHFKQLTXHVDVVHWIRUWKLQ5HIHUHQFHV
DQG7KHPHWKRGRORJ\XWLOL]HGDVUHYLHZHGDQGDFFHSWHGE\WKH15&SURYLGHVD
FRQVHUYDWLYHDQGXQLIRUPEDVLVIRUWKHHYDOXDWLRQRIFRQWDLQPHQWVWUXFWXUHVDQG
WRUXVDWWDFKHGSLSLQJWRHQVXUHWKHPDUJLQRIVDIHW\DVSHUWKHRULJLQDOFRQWDLQPHQW
GHVLJQ6HH5HIHUHQFHIRUWKH15&¶VDFFHSWDQFHFULWHULDXWLOL]HGLQWKH
IRUPXODWLRQRIWKHPHWKRGRORJ\HPSOR\HGE\WKHSURJUDP'RFXPHQWVFRQFHUQLQJ
WKHH[SHULPHQWDODQGDQDO\WLFDOSURJUDPVXQGHUWDNHQIRUWKH/RQJ7HUP3URJUDP
DUHSUHVHQWHGDV5HIHUHQFHVWKURXJK7KH0RQWLFHOOR/RQJ7HUP3URJUDP
3ODQW8QLTXH$QDO\VLV5HSRUWV 5HIHUHQFHVDQG GRFXPHQWVWKHHIIRUWV
XQGHUWDNHQWRDGGUHVVDQGUHVROYHHDFKRIWKHDSSOLFDEOH5HIHUHQFH
UHTXLUHPHQWV7KH0RQWLFHOOR/RQJ7HUP3URJUDP3ODQW8QLTXH$QDO\VLV5HSRUWV
ZHUHUHYLHZHGE\WKH15&6WDIIDQGIRXQGWRYHULI\WKDWWKHFRQWDLQPHQW
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
PRGLILFDWLRQVPDGHKDYHUHVWRUHGWKHRULJLQDOGHVLJQVDIHW\PDUJLQWRWKH0DUN,
FRQWDLQPHQWDWWKH0RQWLFHOOR3ODQW 5HIHUHQFH
7KH0RQWLFHOOR0DUN,/RQJ7HUP3URJUDPSHUIRUPHGXQFRXSOHGG\QDPLFDQDO\VHV
RIWKHVXSSUHVVLRQFKDPEHUDQGVXSSUHVVLRQFKDPEHUDWWDFKHGSLSLQJV\VWHPV
$QRWKHUDFFHSWDEOHDSSURDFKLVWRSHUIRUPDG\QDPLFDQDO\VLVLQZKLFKWKH
VXSSUHVVLRQFKDPEHUDQGDVVRFLDWHGSLSLQJDUHFRPELQHGLQDVLQJOHFRXSOHGPRGHO
5HIHUHQFHVDQG
,Q0D\ DQXPEHURIFRQFHUQVUHJDUGLQJWKHDGHTXDF\RIWKH*HQHUDO(OHFWULF
*( 0DUN,,,FRQWDLQPHQWGHVLJQZHUHUDLVHGE\DIRUPHU*(HPSOR\HH-0
+XPSKUH\$OWKRXJKWKHVHFRQFHUQVZHUHVSHFLILFDOO\UDLVHGIRUWKH0DUN,,,
&RQWDLQPHQWWKH1XFOHDU5HJXODWRU\&RPPLVVLRQ 15& IHOWWKDWVRPHRIWKHLVVXHV
PD\DSSO\WRWKH0DUN,&RQWDLQPHQWGHVLJQ,Q-XO\ WKH15&UHTXHVWHGWKH
0DUN,2ZQHUV*URXSWRDGGUHVVWKRVHFRQFHUQVZKLFKWKH\KDGLGHQWLILHGDVEHLQJ
SRWHQWLDOO\DSSOLFDEOHWRWKH0DUN,&RQWDLQPHQW$JHQHULFUHVSRQVHZDVSUHSDUHG
DQGWUDQVPLWWHGE\WKH0DUN,2ZQHUV*URXSLQ5HIHUHQFHV DQG
,QGHSHQGHQWO\DUHYLHZZDVSHUIRUPHGRIWKHDSSOLFDELOLW\RIWKHJHQHULFUHVSRQVHV
WR0RQWLFHOORDQGLVGRFXPHQWHGLQ5HIHUHQFH 7KHFRQFOXVLRQVRIERWKWKH
JHQHULFUHVSRQVHVDQGUHYLHZIRUDSSOLFDELOLW\ZHUHWKDWWKH³+XPSKUH\&RQWDLQPHQW
&RQFHUQV'ZHUHHLWKHUQRWDSSOLFDEOHRUZHUHEHLQJDGHTXDWHO\DGGUHVVHGXQGHUWKH
0DUN,&RQWDLQPHQW3URJUDP
7KH0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQWWDNHVDGYDQWDJHRIWKHODUJHWKHUPDO
FDSDFLWDQFHRIWKHVXSSUHVVLRQSRROGXULQJSODQWWUDQVLHQWVUHTXLULQJVDIHW\UHOLHI
YDOYH 659 DFWXDWLRQ6WHDPLVGLVFKDUJHGIURPWKHPDLQVWHDPOLQHVWKURXJKWKH
659VDQGWKHLUDFFRPSDQ\LQJGLVFKDUJHOLQHVLQWRWKHVXSSUHVVLRQSRROZKHUHLWLV
FRQGHQVHGUHVXOWLQJLQDQLQFUHDVHLQWKHWHPSHUDWXUHRIWKHVXSSUHVVLRQSRRO
ZDWHU6WDEOHVWHDPFRQGHQVDWLRQLVH[SHFWHGDWDOOSRROWHPSHUDWXUHV
5HIHUHQFHVDQG ,IDQH[WHQGHGVWHDPGLVFKDUJHWRWKHVXSSUHVVLRQSRRO
XQGHUVWDJQDQWDQGVDWXUDWHGFRQGLWLRQVZHUHWRRFFXULWFRXOGFUHDWHWKHSRWHQWLDO
IRUDVWHDPSOXPHRUVWHDPEXEEOHVEHLQJLQJHVWHGE\WKH(&&6SXPSVWUDLQHU
LQOHWV(YDOXDWLRQRIWKLVFRQFHUQGHWHUPLQHGWKDWLWLVQRWDQLVVXHIRUWKH0RQWLFHOOR
1XFOHDU*HQHUDWLQJ3ODQW 5HIHUHQFHVDQG
6XSSUHVVLRQ&KDPEHUWR'U\ZHOO$OORZDEOH%\SDVV/HDNDJH
7KHVXSSUHVVLRQFKDPEHUWRGU\ZHOOYDFXXPEUHDNHUVSURWHFWWKHGU\ZHOOIURP
GDPDJHE\DGU\ZHOOQHJDWLYHSUHVVXUHGLIIHUHQWLDOWKDWFRXOGUHVXOWZLWKPRVWRIWKH
QRQFRQGHQVDEOHJDVFROOHFWHGLQWKHWRUXVDERYHWKHVXSSUHVVLRQSRRODIWHUWKH
ZDWHUYDSRULQWKHGU\ZHOOFRQGHQVHVIROORZLQJDGHVLJQEDVLVORVVRIFRRODQW
DFFLGHQW&RQFHUQVZHUHUDLVHGLQ5HIHUHQFHWKDWDSDUWO\RSHQYDFXXP
EUHDNHUZRXOGSHUPLWVWHDPWRE\SDVVWKHVXSSUHVVLRQSRROIROORZLQJORVVRIFRRODQW
DFFLGHQWVFDXVLQJKLJKHUWKDQGHVLJQFRQWDLQPHQWSUHVVXUH,QUHVSRQVHWR
5HIHUHQFHFDOFXODWLRQZDVSURYLGHGLQ5HIHUHQFHWKDWVKRZHGWKHGU\ZHOO
WRVXSSUHVVLRQFKDPEHUOHDNUDWHVWKDWFRXOGEHWROHUDWHGIRUSULPDU\V\VWHPEUHDN
DUHDVDVODUJHDVWKHGHVLJQEDVLVDFFLGHQW '%$ EUHDN7KHUHVXOWVVKRZHGWKH
YDULDWLRQLQDOORZDEOHGU\ZHOOWRVXSSUHVVLRQFKDPEHUOHDNDJHZLWKWKHSULPDU\
V\VWHPEUHDNDUHD)RUSULPDU\V\VWHPEUHDNVJUHDWHUWKDQIWWKHDOORZDEOH
GU\ZHOOWRVXSSUHVVLRQFKDPEHUOHDNDJHLQFUHDVHVLHWKHGU\ZHOOWRWRUXV
HTXLYDOHQWE\SDVVOHDNDJHLQFUHDVHVIURPDERXWIWWRPRUHWKDQIW)RU
SULPDU\V\VWHPEUHDNVOHVVWKDQIWWKHDOORZDEOHGU\ZHOOWRWRUXVOHDNDJHLV
OHVVWKDQIW7KHFDOFXODWHGGU\ZHOOWRWRUXVE\SDVVOHDNDJHHTXLYDOHQWWRWKDW
IURPDIW LQFKGLDPHWHU HTXLYDOHQWRULILFHKDVEHHQUHYLHZHGLQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
5HIHUHQFHDQGZDVIRXQGWREHDMXVWLILDEOHOLPLWIRUWKHHQWLUHUDQJHRIFRUH
FRRODQWEUHDNVXSWRWKHGHVLJQEDVLVDFFLGHQW
3ULPDU\&RQWDLQPHQW$X[LOLDU\6\VWHPV
&RROLQJDQG9HQWLODWLRQ6\VWHPV
0DLQWDLQLQJWKHEXONDYHUDJHGU\ZHOODPELHQWWHPSHUDWXUHOHVVWKDQ)DQG
ORFDOL]HGWHPSHUDWXUHVEHORZ)GXULQJQRUPDOSODQWRSHUDWLRQDVVXUHVWKDWWKH
LQVXODWLRQRQPRWRUVLVRODWLRQYDOYHVRSHUDWRUVDQGVHQVRUVLQVWUXPHQWFDEOH
HOHFWULFDOFDEOHDQGJDVNHWPDWHULDOVRUVHDODQWVXVHGDWWKHSHQHWUDWLRQVZLOOKDYHD
VXVWDLQHGOLIH'U\ZHOODWPRVSKHUHLVFLUFXODWHGWKURXJKWKHGU\ZHOODQGWKHFRROHUV
E\IDQVDQGWKHUHDFWRUEXLOGLQJFORVHGFRROLQJZDWHUV\VWHPLVHPSOR\HGWRUHPRYH
KHDWIURPWKHDLUFRROHUV)RXUFRROHUVDUHSURYLGHG2QHRIWKHVHFRROHUVLV
GHVLJQHGIRUXVHDVDVSDUHGXULQJQRUPDORSHUDWLRQ$VHSDUDWHIDQORFDWHGRXWVLGH
WKHGU\ZHOOLVXVHGWRSXUJHWKHGU\ZHOOEHIRUHWKHGU\ZHOOLVHQWHUHGIRUPDLQWHQDQFH
RULQVSHFWLRQ
,VRODWLRQ6\VWHP
6LQFHDUXSWXUHRIDODUJHOLQHSHQHWUDWLQJWKHFRQWDLQPHQWDQGFRQQHFWLQJWRWKH
UHDFWRUFRRODQWV\VWHPPD\EHSRVWXODWHGWRWDNHSODFHDWWKHFRQWDLQPHQW
ERXQGDU\WKHLVRODWLRQYDOYHIRUWKDWOLQHLVUHTXLUHGWREHORFDWHGZLWKLQWKH
FRQWDLQPHQW7KLVLQERDUGYDOYHLQHDFKOLQHLVUHTXLUHGWREHFORVHGDXWRPDWLFDOO\
RQYDULRXVLQGLFDWLRQVRIUHDFWRUFRRODQWORVV$GGLWLRQDOUHOLDELOLW\LVDGGHGLID
VHFRQGYDOYHLVORFDWHGRXWERDUGRIWKHFRQWDLQPHQWDQGDVFORVHDVSUDFWLFDOWRWKH
FRQWDLQPHQW7KLVVHFRQGYDOYHDOVRFORVHVDXWRPDWLFDOO\LIWKHLQERDUGYDOYHLV
QRUPDOO\RSHQGXULQJUHDFWRURSHUDWLRQ,IDIDLOXUHLQYROYHVRQHYDOYHWKHVHFRQG
YDOYHLVDYDLODEOHWRIXQFWLRQDVWKHFRQWDLQPHQWEDUULHU7KHWZRYDOYHVLQVHULHVDUH
SURYLGHGZLWKLQGHSHQGHQWSRZHUVRXUFHV
0DLQ6WHDP,VRODWLRQ9DOYHFORVXUHLVUHTXLUHGLQWKHFDVHRIDVWHDPOLQHEUHDN
RXWVLGHWKHSULPDU\FRQWDLQPHQW$QDQDO\VLVRIDFRPSOHWHVXGGHQVWHDPOLQHEUHDN
RXWVLGHWKHSULPDU\FRQWDLQPHQWLVGHVFULEHGLQ6HFWLRQ,WVKRZVWKDWWKHIXHO
FODGLVSURWHFWHGDJDLQVWORVVRIFRROLQJLIPDLQVWHDPLVRODWLRQFORVXUHWDNHVDVORQJ
DVVHF7KHFDOFXODWHGUDGLRORJLFDOHIIHFWVRIWKHUDGLRDFWLYHPDWHULDODVVXPHG
UHOHDVHGZLWKWKHVWHDPDUHVKRZQWREHZHOOZLWKLQWKH&)5JXLGHYDOXHV
IRUDQDFFLGHQW
&ORVXUHRIWKHPDLQVWHDPOLQHLVRODWLRQYDOYHVLQLWLDWHVDUHDFWRUVFUDP7KLVVFUDP
IXQFWLRQLVGLVFXVVHGLQ6HFWLRQ7KHWUDQVLHQWUHVXOWLQJIURPLQDGYHUWHQW
LVRODWLRQRIWKHPDLQVWHDPOLQHLVGHVFULEHGLQ6HFWLRQ
7KHDELOLW\RIWKHVHLVRODWLRQYDOYHVWRFORVHLQDIHZVHFRQGVDIWHUDVWHDPOLQH
EUHDNXQGHUFRQGLWLRQVRIKLJKSUHVVXUHGLIIHUHQWLDOVDQGIOXLGIORZVZLWKIOXLG
PL[WXUHVUDQJLQJIURPPRVWO\VWHDPWRPRVWO\ZDWHUKDVEHHQGHPRQVWUDWHGLQD
VHULHVRIWHVWVLQG\QDPLFWHVWIDFLOLWLHV'\QDPLFWHVWVZLWKDLQYDOYHVKRZWKDW
WKHDQDO\WLFDOPHWKRGLVYDOLG$IXOOVL]HLQYDOYHKDVEHHQWHVWHGLQDUDQJHRI
VWHDPZDWHUEORZGRZQFRQGLWLRQVVLPXODWLQJSRVWXODWHGDFFLGHQWFRQGLWLRQV7KH
GHVFULSWLRQUHVXOWVDQGHYDOXDWLRQVRIWKHVHWHVWVKDYHEHHQLVVXHGDVDUHSRUWIRU
LQFOXVLRQLQWKH15&ILOHRIWRSLFDOUHSRUWVRQ*HQHUDO(OHFWULFERLOLQJZDWHUUHDFWRUV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7ZRUHGXQGDQWLVRODWLRQYDOYHVDUHSURYLGHGLQHDFKVWHDPOLQHVRWKDWHLWKHUFDQ
SHUIRUPWKHLVRODWLRQIXQFWLRQDQGSURYLVLRQVKDYHEHHQSURYLGHGIRUOHDNUDWH
WHVWLQJRIERWKYDOYHV7KHLQVLGHYDOYHDQGWKHRXWVLGHYDOYHDQGWKHLUFRQWURO
V\VWHPVDUHVHSDUDWHGSK\VLFDOO\&RQVLGHULQJWKHUHGXQGDQF\WKHPHFKDQLFDO
VWUHQJWKWKHFORVLQJIRUFHVDQGWKHOHDNDJHWHVWVGLVFXVVHGDERYHWKHPDLQVWHDP
LVRODWLRQYDOYHVVDWLVI\WKHVDIHW\GHVLJQEDVLVWROLPLWWKHUHOHDVHRIUHDFWRUFRRODQW
RUUDGLRDFWLYHPDWHULDOV
7KHLVRODWLRQYDOYHVDQGWKHLULQVWDOODWLRQDUHGHVLJQHGDV&ODVV,HTXLSPHQW7KH
GHVLJQRIWKHLVRODWLRQYDOYHIRUVHLVPLFORDGLQJVLVGLVFXVVHGLQ6HFWLRQ
7KHVHORDGVDUHVPDOOFRPSDUHGZLWKWKHSUHVVXUHDQGRSHUDWLQJORDGVWKHYDOYH
FRPSRQHQWVDUHGHVLJQHGWRZLWKVWDQG
7KH7,3V\VWHPLVRODWLRQYDOYHVDUHQRUPDOO\FORVHG:KHQWKH7,3V\VWHPFDEOHLV
LQVHUWHGWKHYDOYHRIWKHVHOHFWHGWXEHRSHQVDXWRPDWLFDOO\5HWUDFWLRQZKHQ
UHTXLUHGLVDFFRPSOLVKHGLQDPD[LPXPRIPLQXWHV,IFORVXUHRIWKHYDOYHLV
UHTXLUHGGXULQJFDOLEUDWLRQWKHLVRODWLRQVLJQDOFDXVHVWKHFDEOHWREHUHWUDFWHGDQG
WKHYDOYHWRFORVHDXWRPDWLFDOO\RQFRPSOHWLRQRIFDEOHZLWKGUDZDO,IUHWUDFWLRQGRHV
QRWRFFXUEDFNXSLVSURYLGHGE\H[SORVLYHDFWXDWHGVKHDUYDOYHV
,WLVQRWQHFHVVDU\QRUGHVLUDEOHWKDWHYHU\LVRODWLRQYDOYHFORVHVLPXOWDQHRXVO\ZLWK
DFRPPRQLVRODWLRQVLJQDO)RUH[DPSOHLIDSURFHVVSLSHZHUHWRUXSWXUHLQWKH
GU\ZHOOLWZRXOGEHLPSRUWDQWWRFORVHDOOOLQHVZKLFKDUHRSHQWRWKHGU\ZHOODQG
VRPHHIIOXHQWSURFHVVOLQHVVXFKDVWKHPDLQVWHDPOLQHV+RZHYHUXQGHUWKHVH
FRQGLWLRQVLWLVHVVHQWLDOWKDWFRQWDLQPHQWDQGFRUHFRROLQJV\VWHPVEHRSHUDEOH
)RUWKLVUHDVRQVSHFLILFVLJQDOVDUHXWLOL]HGIRULVRODWLRQRIWKHYDULRXVSURFHVVDQG
VDIHJXDUGVV\VWHPV
,VRODWLRQYDOYHVPXVWEHFORVHGEHIRUHVLJQLILFDQWDPRXQWVRIILVVLRQSURGXFWVDUH
UHOHDVHGIURPWKHUHDFWRUFRUHXQGHUGHVLJQEDVLVDFFLGHQWFRQGLWLRQV%HFDXVHWKH
DPRXQWRIUDGLRDFWLYHPDWHULDOVLQWKHUHDFWRUFRRODQWLVVPDOODVXIILFLHQWOLPLWDWLRQ
RIILVVLRQSURGXFWUHOHDVHLVDFFRPSOLVKHGLIWKHLVRODWLRQYDOYHVDUHFORVHGEHIRUH
WKHFRRODQWGURSVEHORZWKHWRSRIWKHFRUH
7KHPDLQFRQGHQVHUVHUYHVDVDQHIIHFWLYHFROOHFWLRQSRLQWIRUSRWHQWLDO06,9
OHDNDJHIROORZLQJDORVVRIFRRODQWDFFLGHQW0HWKRGVFRQVLVWHQWZLWKWKH6HLVPLF
4XDOLILFDWLRQ8WLOLW\*URXS 648* VHLVPLFHTXLSPHQWTXDOLILFDWLRQJXLGHOLQHVKDYH
EHHQXVHGWRDVVXUHWKDWWKH06,9OHDNDJHFROOHFWLRQSDWKZRXOGUHPDLQLQWDFW
IROORZLQJDGHVLJQEDVLVHDUWKTXDNH 5HIHUHQFHVDQG 6HFWLRQLQWKH
15&¶V6DIHW\(YDOXDWLRQ5HSRUWIRU/LFHQVH$PHQGPHQW 5HIHUHQFH
VXPPDUL]HVWKHUHYLHZDQGDFFHSWDQFHRIWKHPHWKRGRORJ\DQGFRQFOXVLRQV
UHJDUGLQJWKHLQWHJULW\RIWKH06,9OHDNDJHFROOHFWLRQSDWKDW0RQWLFHOOR
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
9HQWDQG9DFXXP5HOLHI6\VWHP
7KHFRQWDLQPHQWWHPSHUDWXUHLVFRQWUROOHGE\WKH&RQWDLQPHQW&RROLQJDQG
9HQWLODWLRQ6\VWHPGHVFULEHGLQ6HFWLRQKRZHYHUIRUVRPHPDMRU
WUDQVLHQWVVXFKDVVWDUWXSDQGVKXWGRZQWKHWHPSHUDWXUHPD\FKDQJHHQRXJKWR
FDXVHDFKDQJHLQSUHVVXUH([FHVVSUHVVXUHGXULQJFRQGLWLRQVDWZKLFKWKHUHDFWRU
WHPSHUDWXUHLVOHVVWKDQDERXW)LVUHOLHYHGWKURXJKWKHSXUJHOLQH:KHQWKH
UHDFWRUWHPSHUDWXUHLVDERYH)DLQE\SDVVYDOYHFDQEHRSHQHGWRYHQW
FRQWDLQPHQWWKURXJKWKH6WDQGE\*DV7UHDWPHQW6\VWHP/RZSUHVVXUHUHVXOWLQJ
IURPFRROLQJWKHSULPDU\FRQWDLQPHQWDWPRVSKHUHLVHTXDOL]HGE\WKHDGGLWLRQRIDLU
LQWRWKHWRUXVYLDWKHWRUXVUHDFWRUEXLOGLQJYDFXXPEUHDNHUVDQGWKHQLQWRWKH
GU\ZHOOYLDWKHGU\ZHOOWRUXVYDFXXPEUHDNHUV
$VLQJOHLQOLQHIURPWKHWRUXVGLYLGHVWRSURYLGHSDUDOOHOSDWKVWRWKHUHDFWRU
EXLOGLQJDWPRVSKHUHZLWKWZRYDFXXPEUHDNHUVLQVHULHVLQHDFKRIWKHWZRSDWKV
2QHRIHDFKSDLULVDFWXDWHGHOHFWULFDOO\IURP$&SRZHUE\DGLIIHUHQWLDOSUHVVXUH
VZLWFKVLJQDO7KHVHFRQGLVVHOIDFWXDWLQJ7KHFRPELQHGSUHVVXUHGURSDWUDWHG
IORZWKURXJKERWKYDOYHVGRHVQRWH[FHHGWKHVXSSUHVVLRQFKDPEHUGHVLJQH[WHUQDO
SUHVVXUH SVL
(LJKWYDFXXPEUHDNHUYDOYHVEHWZHHQWKHVXSSUHVVLRQFKDPEHUDQGWKHGU\ZHOO
SURYLGHWKHFDSDELOLW\WRYHQWWKHWRUXVDLUVSDFHJDVHVEDFNWRWKHGU\ZHOOLQRUGHUWR
DVVXUHSUHVVXUHHTXLOLEULXPEHWZHHQWKHFRPSDUWPHQWV:LWKRXWWKLVFDSDELOLW\WKH
SRWHQWLDOH[LVWVWRH[FHHGWKHGHVLJQOLPLWVRIWKHYHQWKHDGHUDQGWKHGU\ZHOOVXFK
WKDWEXFNOLQJZRXOGRFFXUGXHWRH[WHUQDOSUHVVXUH)RU0RQWLFHOORWKHGHVLJQ
GLIIHUHQWLDOSUHVVXUHLVSVLGIRUWKHWRUXVGU\ZHOODQGYHQWV\VWHP
3HQHWUDWLRQV
7KHIROORZLQJDQDO\WLFDOPHWKRGVZHUHXVHGWRHYDOXDWHWKHVWUHVVHVLQWKHGU\ZHOO
VKHOOGXHWRWKHSHQHWUDWLRQORDGLQJFRQGLWLRQVDVVSHFLILHGLQ6HFWLRQ7KH
DQDO\WLFDOPHWKRGVIRUWKHVXSSUHVVLRQFKDPEHUSHQHWUDWLRQVDUHGHVFULEHGLQ
5HIHUHQFH
7KHVKHOOVWUHVVHVUHVXOWLQJIURPWKHSLSHUXSWXUHORDGVZHUHFDOFXODWHGDWWKHVKHOO
QR))OHWRUHLQIRUFLQJLQVHUWSODWHMXQFWXUHDQGDWWKHRXWHUHGJHRIWKHLQVHUWSODWH
XVLQJWKH³%LMODDUG'PHWKRGDVGHVFULEHGLQ:HOGLQJ5HVHDUFK&RXQFLO%XOOHWLQ1R
5HIHUHQFH 7KHGHILQLWLRQFODVVLILFDWLRQDQGFRPELQDWLRQRIVWUHVVHVZDV
LQDFFRUGDQFHZLWKSDUDJUDSK17DEOH1DQG)LJXUH1RI6HFWLRQ,,,RI
WKH$60(&RGH 5HIHUHQFH 7KHPD[LPXPDOORZDEOHVWUHVVOHYHOVLQWKHYHVVHO
VKHOOZHUH
D
/RFDOPHPEUDQHVWUHVVHV6P
E
/RFDOPHPEUDQHVHFRQGDU\PHPEUDQHVHFRQGDU\EHQGLQJ6P
- KHUH6PLVWKHDOORZDEOHVWUHVVLQWHQVLW\IRUWKHVSHFLILHGPDWHULDOSHU6HFWLRQ
9,,,RIWKH$60(&RGH 5HIHUHQFH
7KHSULPDU\FRQWDLQPHQWVKHOOVWUHVVHVFDOFXODWHGE\WKHDERYHPHWKRGVGLGQRW
H[FHHGWKHDOORZDEOHVWUHVVHVDVVSHFLILHGLQWKH$60(6HFWLRQ,,,6XEVHFWLRQ%
5HIHUHQFH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7KHPHWKRGVXVHGWRHYDOXDWHWKHVWUHVVHVLQWKHSHQHWUDWLRQQR))OHVEHOORZVJXDUG
SLSHVDQGSURFHVVSLSLQJZHUH
D
3HQHWUDWLRQQR))OHVIRUPDSDUWRIWKHSULPDU\FRQWDLQPHQWDQGDVVXFKDUH
VXEMHFWWRWKHVDPHGHVLJQFULWHULD7KHVWUHVVHVLQQR))OHVUHVXOWLQJIURPSLSH
UXSWXUHORDGVZHUHHYDOXDWHGXVLQJWKHSURFHGXUHVQRWHGDERYH
E
2ULJLQDOSHQHWUDWLRQEHOORZVDVVHPEOLHVDQGH[SDQVLRQMRLQWVZHUHGHVLJQHGLQ
DFFRUGDQFHZLWK$60(6HFWLRQ,,, (GLWLRQDQG&RGH&DVH1R
7KHGHVLJQDQDO\VLVIRUWKHEHOORZVH[SDQVLRQMRLQWVLVGHWHUPLQHGE\WKH
SULPDU\FRQWDLQPHQWGHVLJQSUHVVXUHRI36,*DQGGHVLJQWHPSHUDWXUHRI
)
&RQVLVWHQWZLWK$60(6HFWLRQ;, (GLWLRQIRUUHSDLUUHSODFHPHQW
DFWLYLWLHVWKHUHSODFHPHQWEHOORZVDVVHPEO\IRU;%LVGHVLJQHGDQG
IDEULFDWHGWR$60(6HFWLRQ,,,'LYLVLRQ, (GLWLRQXSWRDQGLQFOXGLQJWKH
- LQWHU $GGHQGD ZLWKPDWHULDOVLQDFFRUGDQFHZLWK$60(6HFWLRQ,,,
'LYLVLRQ, (GLWLRQLQFOXGLQJWKH6XPPHU $GGHQGD7KHODWHUFRGH
LQFRUSRUDWHV&RGH&DVH1RDQGUHYLVHVWKHDOORZDEOHVWUHVVDQGGHILQHG
GHVLJQSUHVVXUH7KHVHFRGHFKDQJHVKDYHEHHQUHFRQFLOHGWRWKHRULJLQDO
UHTXLUHPHQWVE\SHUIRUPDQFHRIGHVLJQDQDO\VLVIRUWKHUHSODFHPHQWDVVHPEO\
WRSVLJDQG)LQDFFRUGDQFHZLWKWKHODWHUFRGH
3HQHWUDWLRQJXDUGSLSHVIRUDVVHPEOLHVHPSOR\LQJDQH[SDQVLRQEHOORZVZHUH
GHVLJQHGIRUWKHPD[LPXPGHVLJQSUHVVXUHDQGWHPSHUDWXUHRIWKHDVVRFLDWHG
SURFHVVOLQHZLWKVWUHVVHVOLPLWHGWR SHUFHQWRI\LHOGVWUHQJWK
F
7KHJXDUGSLSHVKDYHEHHQSURYLGHGZLWKDFRQWLQXRXVMHWGHIOHFWRUULQJWR
SURWHFWEHOORZVIURPRYHUSUHVVXUHUHVXOWLQJIURPMHWLPSLQJHPHQWORDGLQJ7KH
MHWGHIOHFWRUULQJZDVGHVLJQHGIRUWKLVMHWLPSLQJHPHQWZLWKVWUHVVHVOLPLWHGWR
SHUFHQWRI\LHOGVWUHQJWK
G
3URFHVVOLQHVZHUHGHVLJQHGIRUQRUPDORSHUDWLQJORDGVRISUHVVXUHWKHUPDO
H[SDQVLRQVHLVPLFDQGGHDGORDGVLQDFFRUGDQFHZLWKWKHGHVLJQVSHFLILFDWLRQ
IRUWKHDVVRFLDWHGSURFHVVV\VWHP
3URFHVVOLQHVZHUHQRWGHVLJQHGWRZLWKVWDQGWKHMHWUHDFWLRQORDGV KRZHYHU
SLSHUHVWUDLQWVDQFKRUVDQGVXSSRUWVZHUHSURYLGHGRQWKHSLSHSHQHWUDWLRQV
DQGSURFHVVOLQHWROLPLWWUDQVPLVVLRQRIWKHVHORDGVWRWKHQR))OHDQGYHVVHO
VKHOO
8VHRIWKHDERYHPHWKRGVDQGSURFHGXUHVKDVUHVXOWHGLQFRQVLGHUDEOHPDUJLQLQWKH
SHQHWUDWLRQGHVLJQDVIROORZV
D
/LPLWLQJWKHVWUHVVWR6PUHVXOWHGLQDPD[LPXPVWUHVVOHYHOHTXDOWR
SHUFHQWRIWKHXOWLPDWHVWUHQJWKRIWKHPDWHULDO8VHRID6PDVWKHXSSHU
OLPLWIRUVWUHVVHVDVVXUHVWKDWDGHTXDWHPDUJLQLVDYDLODEOHVRWKDWWKHXOWLPDWH
ORDGFDSDELOLW\RIWKHFRQWDLQPHQWERXQGDU\LVQRWUHDFKHG
E
7KHPD[LPXPMHWIRUFHIRUUHDFWLRQDQGLPSLQJHPHQWZDVEDVHGRQQRPLQDOOLQH
SUHVVXUHZLWKQRUHGXFWLRQGXHWRSUHVVXUHGURSLQWKHV\VWHPIURPWKHUHDFWRU
YHVVHOWRWKHSRLQWRISLSHUXSWXUH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
F
&RQVHUYDWLYHDVVXPSWLRQVZHUHXVHGIRUDWWHQXDWLRQRIWKHMHWLPSLQJHPHQW
ORDGVLHWKHDWWHQXDWLRQIDFWRUIRUFXUYDWXUHRIWKHWDUJHWSLSHZDVEDVHGRQ
WZRDQDO\VHV7KHILUVWDQDO\VLVDVVXPHGDKRPRJHQHRXVPL[WXUHDQG
VWUHDPOLQHIORZ7KHSURFHGXUHFRQVLVWHGRIWKHLQWHJUDWLRQEHWZHHQDQG
RI FRV G 5HIHUHQFH DQGJLYHVDQDWWHQXDWLRQFRQVWDQWRI
7KHVHFRQGDQDO\VLVFRQVLGHUHGWKH³GUDJFRHIILFLHQWDSSURDFK'VLPLODUWRWKH
GHVLJQRIFKLPQH\VIRUZLQG 5HIHUHQFH DQGJLYHQDQDWWHQXDWLRQFRQVWDQW
RI
)RUWKHGHVLJQRIWKHSULPDU\FRQWDLQPHQWSHQHWUDWLRQVWKHDWWHQXDWLRQ
FRQVWDQWRIZDVXVHG6XFKXVHLVFRQVHUYDWLYH
G
7KHVLPXOWDQHRXVRFFXUUHQFHRIWKHPD[LPXPORDGVGXHWRDFFLGHQWSUHVVXUH
SLSHUXSWXUHMHWUHDFWLRQRUMHWLPSLQJHPHQWDQGPD[LPXPVHLVPLFZLWKRXW
FRQVLGHUDWLRQWRWLPHDIWHUDFFLGHQWLVFRQVHUYDWLYH
H
)RUORQJLWXGLQDOORDGLQJIURPSLSHUXSWXUHMHWUHDFWLRQRIMHWLPSLQJHPHQWWKH
GHVLJQRISLSHDQFKRUVDQGUHVWUDLQWVGLGQRWLQFOXGHWKHLQWHUQDOVXSSRUWIURP
WKHSLSHV\VWHPRUH[LVWLQJSLSHVXVSHQVLRQ
3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO
,WKDVEHHQVKRZQLQWKH&)5$SSHQGL[.DQDO\VLVRIWKHGHVLJQEDVLV
ORVVRIFRRODQWDFFLGHQWWKDWWKHRSHUDWLRQRIWKHUHDFWRUFRUHDQGFRQWDLQPHQW
FRROLQJV\VWHPVPDLQWDLQVFRQWLQXLW\RIUHDFWRUFRUHDQGFRQWDLQPHQWFRROLQJDQG
IORRGLQJVXFKWKDWWKHH[WHQWRIWKHUHVXOWDQWFRUHZLGHPHWDOZDWHUUHDFWLRQZRXOGEH
OHVVWKDQ 5HIHUHQFH 7KHK\GURJHQSURGXFHGE\DPHWDOZDWHUUHDFWLRQLI
PL[HGZLWKWKHDLULQWKHSULPDU\FRQWDLQPHQWZRXOGUHVXOWLQDK\GURJHQ
FRQFHQWUDWLRQRIOHVVWKDQ7KLVFRQFHQWUDWLRQLVEHORZWKHFRQFHQWUDWLRQDWZKLFK
K\GURJHQFRXOGEHLJQLWHG5HVHDUFK 5HIHUHQFH LQGLFDWHVWKDWK\GURJHQ
FDQQRWEHLJQLWHGLQDLULIWKHK\GURJHQFRQFHQWUDWLRQLVOHVVWKDQ'DWD
5HIHUHQFH DOVRLQGLFDWHVWKDWWKHSRVVLELOLW\RIDK\GURJHQR[\JHQUHDFWLRQFDQ
EHHOLPLQDWHGIRUDOOFRQFHQWUDWLRQVRIK\GURJHQSUHVHQWLIWKHFRQFHQWUDWLRQRI
R[\JHQLQWKHSULPDU\FRQWDLQPHQWLVOHVVWKDQ
6KRXOGDGHVLJQEDVLVORVVRIFRRODQWDFFLGHQWRFFXUWKHVDIHJXDUGVIHDWXUHV
SURYLGHGE\WKHUHDFWRUFRUHDQGFRQWDLQPHQWFRROLQJV\VWHPVSUHYHQWVJHQHUDWLRQRI
TXDQWLWLHVRIK\GURJHQFDSDEOHRIEHLQJLJQLWHG,QHUWLQJLVSHUIRUPHGWKHUHIRUHWR
PHHW15&UHTXLUHPHQWVDQGSUHFOXGHK\GURJHQLJQLWLRQLQWKHFDVHRIGHJUDGHG
VDIHJXDUGVV\VWHPSHUIRUPDQFHRURWKHUSRVWXODWHGLQVWDQFHVRILQDGHTXDWHFRUH
FRROLQJ
'U\ZHOO7HPSHUDWXUH$QDO\VLVIRU'U\ZHOO:DOO7HPSHUDWXUH
7KHHIIHFWRIVWHDPEUHDNVRQWKHGU\ZHOOZDOOZHUHFRQVLGHUHGWRHQVXUHWKHGU\ZHOO
GHVLJQWHPSHUDWXUHRI)ZRXOGQRWEHH[FHHGHG6WHDPEUHDNVZHUHFRQVLGHUHG
VLQFHVWHDPEUHDNVLQVLGHWKHGU\ZHOODUHOLPLWLQJZLWKUHVSHFWWRGU\ZHOOWHPSHUDWXUH
DQGSUHVVXUH
7KUHHVL]HVRIVWHDPEUHDNVZHUHFRQVLGHUHG IWIWDQGIW7KH
DQDO\VLVSHUIRUPHGFRQIRUPHGWR3DUW$SSHQGL[%RI185(*
5HIHUHQFH DQG
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7KHDQDO\VLVDVVXPHGWKDWFRQWDLQPHQWVSUD\VZHUHLQLWLDWHGZKHQGU\ZHOOJDV
WHPSHUDWXUHUHDFKHV)EXWQRWHDUOLHUWKDQPLQXWHVLQWRWKHHYHQW7KH
GU\ZHOOVSUD\VPDLQWDLQWKHGU\ZHOOZDOOWHPSHUDWXUHVZLWKLQWKHGU\ZHOOGHVLJQ
WHPSHUDWXUHRI)7KHZHWZHOOVSUD\VDUHQRWUHTXLUHGWRPDLQWDLQWKHZHWZHOO
ZDOOWHPSHUDWXUHVZLWKLQWKHZHWZHOOGHVLJQWHPSHUDWXUHRI)
7KHUHVXOWVIURPWKHVWHDPOLQHEUHDNDQDO\VLVDUHLQFOXGHGLQVHFWLRQVDQG
RI5HIHUHQFHDQGLQWKHDVVRFLDWHGRXWSXWGDWDILOHVDWWDFKHGWR
5HIHUHQFH7KHFDOFXODWHGSHDNGU\ZHOOZDOOWHPSHUDWXUHLV)ZKLFKRFFXUV
GXULQJWKHIWEUHDNDVVXPLQJ8&+,'$FRQGHQVLQJKHDWWUDQVIHUWRWKHGU\ZHOO
ZDOOXQWLOWKHZDOOWHPSHUDWXUHUHDFKHVWKHVDWXUDWLRQWHPSHUDWXUHIRUWKHGU\ZHOO
SUHVVXUH7KHFDOFXODWHGSHDNGU\ZHOOJDVWHPSHUDWXUHLV)7KHOLPLWLQJ
WHPSHUDWXUHHQYHORSHVIRUWKHGU\ZHOODQGPD[LPXPGU\ZHOOZDOOWHPSHUDWXUHDUH
VKRZQLQ7DEOHDQG7DEOHUHVSHFWLYHO\7KHGU\ZHOOZDOOWHPSHUDWXUH
GRHVQRWH[FHHGWKHRULJLQDOGHVLJQYDOXH
3RVW$FFLGHQW&RQWDLQPHQW0L[LQJ
1RFRQWDLQPHQWSRVWDFFLGHQWPL[LQJV\VWHPLVUHTXLUHG7KH0RQWLFHOORFRPEXVWLEOH
JDVFRQWUROFRQFHSWLVEDVHGRQPDLQWDLQLQJWKHR[\JHQFRQFHQWUDWLRQEHORZWKH
6DIHW\*XLGH 5HIHUHQFH OLPLWRI7KXVWKHRQO\FRQFHUQIURPDPL[LQJ
YLHZSRLQWLVWKHSRWHQWLDOGHJUHHRIQRQXQLIRUPLW\LQR[\JHQFRQFHQWUDWLRQWKDWZRXOG
RFFXULQWKHFRQWDLQPHQW7KHUHDUHWKUHHPL[LQJIRUFHVH[LVWLQJLQWKHFRQWDLQPHQW
DIWHUDORVVRIFRRODQWDFFLGHQW WKH\DUHGLIIXVLRQQDWXUDOFRQYHFWLRQDQGIRUFHG
FRQYHFWLRQ2IWKHVHWKUHHWKHPRVWGRPLQDQWPL[LQJIRUFHZRXOGEHIRUFHG
FRQYHFWLRQ)RUFHGFRQYHFWLRQZRXOGEHLQGXFHGE\VXFKWKLQJVDVFRQWDLQPHQW
VSUD\VIORZRXWRIWKHEURNHQSLSHIORZWKURXJKWKHGU\ZHOOYHQWSLSHVDQGYDFXXP
UHOLHIOLQHVDQGWKHGU\ZHOOIDQFRROHUVLIDYDLODEOH)RUFHGFRQYHFWLRQLVKRZHYHU
WKHPRVWGLIILFXOWPL[LQJIRUFHWRTXDQWLWDWLYHO\HYDOXDWHDQGGHWDLOHGFDOFXODWLRQVRILWV
HIIHFWVRQFRQFHQWUDWLRQJUDGLHQWVKDYHQRWEHHQGRQH
'HWDLOHGFDOFXODWLRQVKDYHKRZHYHUEHHQGRQHRQWKHRWKHUWZRPL[LQJIRUFHVLH
GLIIXVLRQDQGQDWXUDOFRQYHFWLRQ7KHGHWDLOVRIWKLVDQDO\VLVZHUHSUHVHQWHGLQ
$PHQGPHQWWRWKH'XDQH$UQROG(QHUJ\&HQWHU)6$5LQUHVSRQVHWRTXHVWLRQ
- OO G 7KHVHFDOFXODWLRQVVKRZHGWKDWWKHPD[LPXPR[\JHQFRQFHQWUDWLRQ
GHYLDWLRQZRXOGEHIURPWKHDYHUDJHDWWKHVXUIDFHRIWKHVXSSUHVVLRQSRROXVLQJ
FRQVHUYDWLYHDVVXPSWLRQVUHODWLYHWRWKHQDWXUDOFRQYHFWLRQGULYLQJIRUFH/HVV
FRQVHUYDWLYHDVVXPSWLRQVIRUQDWXUDOFRQYHFWLRQZRXOGUHVXOWLQDPD[LPXP
FRQFHQWUDWLRQGHYLDWLRQRI,QRWKHUZRUGVJLYHQDQDYHUDJHR[\JHQ
FRQFHQWUDWLRQRIWKHPD[LPXPFRQFHQWUDWLRQDWWKHVXSSUHVVLRQSRROVXUIDFH
ZRXOGEHRUOHVVFRQVHUYDWLYHO\%DVHGRQWKHUHVXOWVRIWKLV
DQDO\VLVLWKDVEHHQFRQFOXGHGWKDWWKHDVVXPSWLRQRIDXQLIRUPR[\JHQ
FRQFHQWUDWLRQLQWKHFRQWDLQPHQWLVUHDVRQDEOHIRUSHUIRUPLQJDQDO\VHVUHODWHGWR
LQHUWHGFRQWDLQPHQWRSHUDWLRQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
+DUG3LSH9HQW6\VWHP
7KH+DUG3LSH9HQW +39 6\VWHPUHGXFHVWKHYXOQHUDELOLW\RISULPDU\FRQWDLQPHQW
WRVHYHUHDFFLGHQWFKDOOHQJHVZKLFKDUHEH\RQGWKHDQDO\]HGGHVLJQEDVLVRIWKH
SODQW7KH+39SURYLGHVDFRQWUROOHGUHOHDVHSDWKWRPDLQWDLQFRUHFRROLQJDQGWR
SUHYHQWWKHLUUHYHUVLEOHDQGXQSUHGLFWDEOHUXSWXUHRIWKHFRQWDLQPHQWZKLFKFRXOG
RWKHUZLVHOHDGWRDODUJHUUHOHDVH7KH+39ZLOOEHXVHGLUUHVSHFWLYHRIWKHRIIVLWH
UDGLRDFWLYHUHOHDVHUDWHV KRZHYHUVFUXEELQJIURPWKHVXSSUHVVLRQSRROZLOO
PLQLPL]HWKHDPRXQWRIUDGLRDFWLYLW\UHOHDVHG
7KH+39LVRODWLRQYDOYHVDUHFRQVLGHUHGPDQXDOYDOYHVVLQFHWKH\DUHORFNHGFORVHG
DQGDUHQRWUHTXLUHGWREHRSHQHGIRUDQ\GHVLJQEDVLVDFFLGHQW7RSUHFOXGHVHDW
OHDNDJHSDVWWKHVHYDOYHVIURPEHLQJGLVFKDUJHGWKURXJKWKHYHQWOLQHGXULQJD
GHVLJQEDVLVDFFLGHQWWKHV\VWHPLVHTXLSSHGZLWKDUXSWXUHGLVFGRZQVWUHDPRIWKH
LVRODWLRQYDOYHV
5.2.4
,QVSHFWLRQDQG7HVWLQJ
$SURJUDPRIWHVWLQJWKHSULPDU\FRQWDLQPHQWV\VWHPKDVEHHQGHYHORSHGZKLFK
LQFOXGHVLQWHJUDWHGOHDNDJHUDWHWHVWVRISHQHWUDWLRQVDQGYDOYHVDQGRSHUDELOLW\WHVWVRI
LVRODWLRQYDOYHV
7KH15&E\5HIHUHQFH SURYLGHG163ZLWKDOLVWLQJRIDOOFODULILFDWLRQVWR&)5
3DUW$SSHQGL[-WKDWKDGEHHQLVVXHGDVRI-DQXDU\
3ULPDU\&RQWDLQPHQW
)ROORZLQJFRQVWUXFWLRQRIWKHSULPDU\FRQWDLQPHQWLWZDVSUHVVXUHWHVWHGDW
WLPHVGHVLJQSUHVVXUH3HQHWUDWLRQVZHUHVHDOHGZLWKZHOGHGHQGFDSV
)ROORZLQJWKHVWUHQJWKWHVWWKHFRQWDLQPHQWZDVWHVWHGIRUOHDNDJHUDWHDWGHVLJQ
SUHVVXUH7KHFRQWDLQPHQWOHDNDJHUDWHZDVOHVVWKDQSHUGD\7KH
VXSSUHVVLRQFKDPEHUZDVILOOHGWRGHVLJQRSHUDWLQJOHYHOZLWKZDWHUIRUWKLVWHVW
$IWHUFRPSOHWHLQVWDOODWLRQRIDOOSHQHWUDWLRQVDQLQWHJUDWHGOHDNUDWHWHVWRIWKH
SULPDU\FRQWDLQPHQWDQGDVVRFLDWHGSHQHWUDWLRQVZDVFRQGXFWHG
$SHULRGLFLQWHJUDWHGSULPDU\FRQWDLQPHQWOHDNWHVWLVFRQGXFWHGLQDFFRUGDQFHZLWK
WKHUHTXLUHPHQWVRI&)5$SSHQGL[-2SWLRQ%7KH7\SH$WHVWPD\EH
SHUIRUPHGLQDFFRUGDQFHZLWK%1723 5HIHUHQFH
&RQWDLQPHQW3HQHWUDWLRQV
/HDNDJHUDWHWHVWVRISHQHWUDWLRQVDQGDFFHVVRSHQLQJVDUHFRQGXFWHGWRYHULI\WKH
FDSDELOLW\RIWKHSHQHWUDWLRQVWRPDLQWDLQRYHUDOOFRQWDLQPHQWOHDNDJHZLWKLQ
DFFHSWDEOHOLPLWV7HVWDEOHSHQHWUDWLRQVDUHWHVWHGLQDFFRUGDQFHZLWKWKH
UHTXLUHPHQWVRI&)5$SSHQGL[-2SWLRQ%
- KHQHYHUDGRXEOHJDVNHWHGSHQHWUDWLRQ SULPDU\FRQWDLQPHQWKHDGDQGPDQZD\
HTXLSPHQWKDWFK&5'UHPRYDOKDWFKDQGWKHVXSSUHVVLRQFKDPEHUDFFHVV
KDWFKHV LVEURNHQDQGUHPDGHWKHVSDFHEHWZHHQWKHJDVNHWVLVSUHVVXUL]HGWR
GHWHUPLQHWKDWWKHVHDOVDUHSHUIRUPLQJSURSHUO\7KHPLQLPXPWHVWSUHVVXUHRI
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
SVLJLVFRQVLVWHQWZLWKWKHDFFLGHQWDQDO\VHVDQGWKHPD[LPXPSUHRSHUDWLRQDO
OHDNUDWHWHVWSUHVVXUH
7KHDLUORFNLVWHVWHGDIWHUSHULRGVZKHQWKHDLUORFNLVRSHQHGDQGFRQWDLQPHQW
LQWHJULW\LVQRWUHTXLUHGDQGDWLQWHUYDOVRIQRWPRUHWKDQPRQWKVDWDPLQLPXP
SUHVVXUHRISVLJ
&RQWDLQPHQW,VRODWLRQ9DOYHV
7KHRSHUDEOHLVRODWLRQYDOYHVWKDWDUHSRZHURSHUDWHGDQGDXWRPDWLFDOO\LQLWLDWHGDUH
WHVWHGIRUVLPXODWHGDXWRPDWLFLQLWLDWLRQDQGFORVXUHWLPHV2SHUDWLRQRI
QRUPDOO\RSHQSRZHURSHUDWHGYDOYHVDUHYHULILHGE\IXOO\FORVLQJDQGUHRSHQLQJ
7KHIUHTXHQF\DQGWLPHLQWHUYDOVDQGDFFHSWDQFHFULWHULDIRUWHVWLQJDUHDVVSHFLILHG
LQWKH7HFKQLFDO6SHFLILFDWLRQVDQG7HFKQLFDO5HTXLUHPHQWV0DQXDO 750 ,Q
UHVSRQVHWRLVVXHVUDLVHGE\15&*HQHULF/HWWHU DQGYDULRXVVXSSOHPHQWV
WKHUHWRDPRWRURSHUDWHGYDOYHSURJUDPKDVEHHQLPSOHPHQWHGWRHQVXUHWKDWDOO
VDIHW\UHODWHGPRWRURSHUDWHGYDOYHVDUHVHOHFWHGVHWDQGPDLQWDLQHGLQDPDQQHU
WKDWZLOOHQVXUHRSHUDWLRQXQGHUGHVLJQEDVLVFRQGLWLRQV 5HIHUHQFHDQG
0DLQVWHDPLVRODWLRQYDOYHH[HUFLVHWHVWLQJFDQEHDFFRPSOLVKHGERWKGXULQJUHDFWRU
RSHUDWLRQDQGGXULQJVKXWGRZQV)XQFWLRQDOSHUIRUPDQFHDQGOHDNDJHWHVWVPXVWEH
SHUIRUPHGGXULQJUHDFWRUVKXWGRZQVZKHQDFFHVVWRWKHDUHDRIWKHYDOYHVLV
SHUPLWWHG,QVHUYLFHH[HUFLVLQJLVXVHGWRGHPRQVWUDWHRSHUDELOLW\DQGWRFKHFN
FORVXUHWLPHV7KHVHYDOYHVPD\EHWHVWHGDQGH[HUFLVHGLQGLYLGXDOO\WRWKH
RSHQSRVLWLRQ,WLVQRWQHFHVVDU\WRUHGXFHUHDFWRUSRZHUEHFDXVHWKHYDOYHVVWLOO
SDVVUDWHGVWHDPIORZZKHQ RSHQ7HVWEXWWRQVDUHSURYLGHGLQWKHFRQWUROURRP
WRSHUIRUPWKLVWHVW5HOHDVHRIWKHEXWWRQUHWXUQVWKHYDOYHWRIXOORSHQ7KH\PD\EH
WHVWHGDQGH[HUFLVHGLQGLYLGXDOO\WRWKHIXOO\FORVHGSRVLWLRQ:LWKWKHUHDFWRUSRZHU
UHGXFHGWR0:WWKHYDOYHVFDQEHIXOO\FORVHGRQHDWDWLPHWRFKHFNRSHUDWLRQ
DQGRSHUDWLQJWLPH6KXWGRZQWHVWVLQFOXGHDFWXDWLRQDQGFORVXUHWLPHWHVWVWR
DVVXUHWKDWWKHYDOYHVRSHUDWHSURSHUO\WKDWWKHVHQVRUVDUHVHWFRUUHFWO\DQGFDXVH
WKHSURSHUDFWXDWLRQWKDWWKHUHVSRQVHVSHHGLVFRUUHFWDQGWKDWWKHIDLOVDIH
IHDWXUHVDUHRSHUDEOH
9DOYHVLQOLQHVSHQHWUDWLQJFRQWDLQPHQWDUHJLYHQ7\SH&ORFDOOHDNDJHWHVWVLQ
DFFRUGDQFHZLWKWKHUHTXLUHPHQWVRI$SSHQGL[-ZKHUHSODQWGHVLJQSHUPLWVVXFK
WHVWLQJWREHSHUIRUPHG0RGLILFDWLRQVWRSHUPLWSURSHUWHVWLQJRIYDOYHVZKHUH
WHVWLQJGLGQRWFRQIRUPWR$SSHQGL[-KDYHEHHQPDGH,QDGGLWLRQWKH&RPPLVVLRQ
KDVJUDQWHGDVSHFLILFH[HPSWLRQIURPWKHUHTXLUHPHQWWRSHUIRUP7\SH&WHVWLQJIRU
DQXPEHURIYDOYHV 5HIHUHQFH 7KHVHYDOYHVDUH
7RUXV6SUD\/LQH
0202
'U\ZHOO6SUD\/LQH
0202
7RUXV5HFLUFXODWLRQ/LQH
0202
6XEVHTXHQWDQDO\VLVGHWHUPLQHGWKDW5+5V\VWHPSUHVVXUHPD\QRWEHVXIILFLHQWWRHQVXUHWKHZDWHUVHDOWKDW
ZDVWKHEDVLVIRUWKH15&DSSURYHGWHVWLQJH[HPSWLRQIRU02DQG02$VLQGLFDWHGLQ7DEOHD
7\SH&DSSHQGL[-WHVWLQJLVSHUIRUPHGRQWKHVHYDOYHV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
,QVWUXPHQWOLQHVSHQHWUDWLQJFRQWDLQPHQWFRQQHFWHGWRWKHUHDFWRUFRRODQWV\VWHP
DUHSURYLGHGZLWKH[FHVVIORZFKHFNYDOYHVZKLFKOLPLWWKHIORZIURPDEURNHQOLQH
RXWVLGHFRQWDLQPHQW7KHVHYDOYHVDUHIXQFWLRQDOO\WHVWHGHDFKUHIXHOLQJRXWDJH
,QVWUXPHQWOLQHVQRWHTXLSSHGZLWKWKHVHH[FHVVIORZFKHFNYDOYHVDUHFRQQHFWHGWR
VHDOHGWUDQVGXFHUVDQGGHVLJQHGWRZLWKVWDQGWKHVWUHVVHVRIDORVVRIFRRODQW
DFFLGHQW7KHVHOLQHVDUHWHVWHGGXULQJWKHFRQWDLQPHQW7\SH$LQWHJUDWHGOHDNUDWH
WHVW 5HIHUHQFH
%RWKWKHLQERDUGDQGRXWERDUG0DLQ6WHDP,VRODWLRQ9DOYHV 06,9V PD\EHWHVWHG
E\SUHVVXUL]LQJEHWZHHQWKHYDOYHVDWSVLJDQGWKHWRWDOREVHUYHGOHDNDJHWKURXJK
ERWKYDOYHV LQERDUGDQGRXWERDUG LVWKHQFRQVHUYDWLYHO\DVVLJQHGWRWKH
SHQHWUDWLRQ$OWHUQDWLYHO\WKHLQERDUGYDOYHVFDQEHWHVWHGE\SUHVVXUL]LQJWKH
XSVWUHDPVLGHRIWKHYDOYHVWR3DDQGWKHRXWERDUGYDOYHVPD\EHWHVWHGE\
SUHVVXUL]LQJEHWZHHQWKHYDOYHVWR3DZKLOHPDLQWDLQLQJDEORFNSUHVVXUHRQWKH
LQERDUGYDOYHVWRSUHYHQWOLIWLQJRIWKHLQERDUGYDOYHV7KHLQERDUG06,9VDUHDQJOHG
LQWKHPDLQVWHDPOLQHVLQWKHGLUHFWLRQRIIORZWRDIIRUGEHWWHUVHDOLQJXSRQFORVXUH
7\SH&WHVWLQJRIWKHVHYDOYHVDWDUHGXFHGSUHVVXUHRISVLJKDVEHHQDSSURYHG
E\WKH&RPPLVVLRQ 5HIHUHQFH ZKHQSUHVVXUL]LQJEHWZHHQWKHYDOYHV7KH0DLQ
6WHDP3DWKZD\ PDLQVWHDPOLQHVDQGPDLQVWHDPOLQHGUDLQV OHDNDJHLVH[FOXGHG
IURPWKHVXPRIWKHOHDNDJHUDWHVRI7\SH%DQG&WHVWVDQGIURPWKHRYHUDOO
LQWHJUDWHGOHDNDJHUDWHIURP7\SH$WHVWV 5HIHUHQFH
,QJHQHUDOYDOYHVLQOLQHVZKLFKWHUPLQDWHEHORZWKHVXUIDFHRIWKHVXSSUHVVLRQSRRO
GRQRWUHTXLUH$SSHQGL[-WHVWLQJ6LQFHWKHVXSSUHVVLRQSRROSURYLGHVDQHIIHFWLYH
ZDWHUVHDOWKHVHYDOYHVDUHQRWUHOLHGXSRQWRSHUIRUPDFRQWDLQPHQWLVRODWLRQ
IXQFWLRQ 5HIHUHQFH 7KHYDOYHVLQWKHVHOLQHVDUHE\GHILQLWLRQ3&,9VDQGDUH
LQFOXGHGLQ7DEOHD7KHYDOYHVPD\KDYHVDIHW\IXQFWLRQVLQWKH2SHQDQGRU
&ORVHGSRVLWLRQWRVXSSRUWRWKHU6\VWHPVIXQFWLRQV
7KHLQQHUDLUORFNHTXDOL]LQJYDOYHLV7\SH&WHVWHGLQGLYLGXDOO\7KHRXWHUDLUORFN
HTXDOL]LQJYDOYHLVWHVWHGGXULQJWKH7\SH%RYHUDOODLUORFNOHDNUDWHWHVW
&RQWDLQPHQW9HQWLODWLRQ6\VWHP
7KHGU\ZHOOFRROHUV ZDWHUFRROHGKHDWH[FKDQJHUIDQXQLWV DUHFKHFNHGDWHDFK
PDMRURXWDJH6XUYHLOODQFHWHVWLQJLQFOXGHVPRQLWRULQJIDQDQGGDPSHUSHUIRUPDQFH
GXULQJWKHYDULRXVFRROLQJPRGHVRIRSHUDWLRQ'XULQJQRUPDOUHDFWRURSHUDWLRQWKH
WHPSHUDWXUHLQGLFDWRUVLQWKHGU\ZHOOPRQLWRUWKHHIIHFWLYHQHVVRIWKHFRROHUV
/HDNDJHLQWRWKHGU\ZHOOLVPRQLWRUHGRQDFRQWLQXRXVEDVLV6KRXOGDOHDNGHYHORS
LQWKHGU\ZHOOFRROHUVLWZRXOGVKRZXSDVDQLQFUHDVHLQGU\ZHOOXQLGHQWLILHGOHDNDJH
FRQFXUUHQWZLWKDORVVRILQYHQWRU\IURPWKH5HDFWRU%XLOGLQJ&ORVHG&RROLQJ:DWHU
V\VWHP
3ULPDU\&RQWDLQPHQW$WPRVSKHULF&RQWURO
,QVWUXPHQWDWLRQLVSURYLGHGLQWKHGHVLJQWRHQDEOHDQDO\VLVRIWKHFRQFHQWUDWLRQRI
R[\JHQLQWKHSULPDU\FRQWDLQPHQW$VDPSOHSRLQWIURPWKHFHQWUDOGU\ZHOODUHDDQG
RQHIURPWKHWRUXVDUHXVHGWRREWDLQVDPSOHVRIWKHSULPDU\FRQWDLQPHQW
DWPRVSKHUHGXULQJSODQWRSHUDWLRQ'U\ZHOOIDQVFRQWLQXRXVO\PL[DQGFLUFXODWHWKH
GU\ZHOODWPRVSKHUHDVVXULQJWKDWWKHGU\ZHOOVDPSOHLVUHSUHVHQWDWLYHRIWKHR[\JHQ
FRQFHQWUDWLRQYDOXH7KHR[\JHQDQDO\]HULVORFDWHGRXWVLGHWKHGU\ZHOO
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOH 3ULQFLSDO'HVLJQ3DUDPHWHUVRI3ULPDU\&RQWDLQPHQW
3DJHRI
- (1(5$/
0HWDO0DWHULDO
6$)%;PDGHWR$
VWDQGDUGV
'HVLJQ&RGH
$60(&RGH6HFWLRQ,,,&ODVV% (GLWLRQ
'5<:(//
&\OLQGULFDOVHFWLRQGLDPHWHU
IW
6SKHULFDOVHFWLRQGLDPHWHU
IWLQVLGHGLDPHWHU
'U\ZHOORYHUDOOKHLJKW
IWLQ
)UHHDLUYROXPH
IW
- DOOSODWHWKLFNQHVV
6SKHULFDOVKHOO
LQWRLQ
6SKHULFDOVKHOOWRF\OLQGHU
LQ
QHFN
&\OLQGULFDOQHFN
9DULHVLQWRLQ
7RSKHDG
LQ
%RWWRPKHDG
LQ
9(176<67(0
9HQWSLSHV
1XPEHU
,QWHUQDOGLDPHWHU
IW LQ
9HQWWXEHVIORZDUHDWRWDO
IW
9HQWWXEHHQWUDQFHDUHD
IW
WRWDO
9HQWKHDGHULQWHUQDOGLDPHWHU
IW LQ
'RZQFRPHUSLSHV
1XPEHU
'LDPHWHU
LQQRPLQDORXWVLGHGLDPHWHU
6XEPHUJHQFHEHORZDEVRUS
IWPLQ
WLRQSRROZDWHUOHYHO
35(6685(68335(66,21&+$0%(5
- DWHUYROXPH
IWPD[ IWPLQ
)UHHDLUYROXPH
IWPD[ IWPLQ
7RUXVPLQRUGLDPHWHU
IWLQ
7RUXVPDMRUGLDPHWHU
IWLQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOH3ULQFLSDO'HVLJQ3DUDPHWHUVRI3ULPDU\&RQWDLQPHQW
3DJHRI
9$&880%5($.(56
6XSSUHVVLRQFKDPEHUWRGU\ZHOO
1XPEHUYDOYHV
LQFKYDOYHV
9HQWDUHDWRWDO
LQ
)XOO2SHQ3UHVVXUH
SVLG
$FWXDWLRQWLPH
VHF
5HDFWRUEXLOGLQJWRVXSSUHVVLRQ
FKDPEHU
1XPEHUYDOYHV
VHWVRILQYDOYHV
LQVHULHV
9HQWDUHDWRWDO
LQ
)XOO2SHQ3UHVVXUH
SVLG
,1(57,1*6<67(0
2[\JHQLQ3ULPDU\&RQWDLQPHQW
ZKHQ,QHUWHGE\9ROXPH
1UHTXLUHGIRU,QLWLDO3XUJH
DSSUR[LPDWHIW
'(6,*1&21',7,216
0D[LPXPLQWHUQDOSUHVVXUHDQG
SVLJ#)
WHPSHUDWXUH
'HVLJQLQWHUQDOSUHVVXUHDQG
SVLJ#)
WHPSHUDWXUH
'HVLJQH[WHUQDOSUHVVXUHDQG
WHPSHUDWXUH
'U\ZHOO
SVLJ#)
6XSSUHVVLRQFKDPEHU
SVLJ#)
1RUPDOLQWHUQDOSUHVVXUH
SVLJ
7HPSHUDWXUH
QRUPDO) PD[LPXP)
127(
)RUDGGLWLRQDOFRQWDLQPHQWSDUDPHWHUVVHHWKH&RQWDLQPHQW'DWD
6SHFLILFDWLRQ$5HYLVLRQ 5HIHUHQFH WUDQVPLWWHGWR163
'HFHPEHU
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOH (OHFWULFDO3HQHWUDWLRQ(QYLURQPHQWDO'HVLJQ&RQGLWLRQV
1RUPDO2SHUDWLQJ(QYLURQPHQW&DSDEOHRIFRQWLQXRXVRSHUDWLRQDWWKHHQYLURQPHQWDO
FRQGLWLRQVOLVWHGEHORZ
,QVLGH3ULPDU\
2XWVLGH3ULPDU\
3DUDPHWHU
&RQWDLQPHQW
&RQWDLQPHQW
7HPSHUDWXUH
)
WR)
3UHVVXUH
WRSVLJ
SVLJ
5HODWLYH+XPLGLW\
5DGLDWLRQ'RVH ZLWKRXW
5K
5K
VKLHOGLQJ
0D[LPXP(PHUJHQF\(QYLURQPHQW(DFKSHQHWUDWLRQDVVHPEO\LVFDSDEOHRIPDLQWDLQLQJ
FRQWDLQPHQWLQWHJULW\ZKHQVXEMHFWHGWRWKHHQYLURQPHQWDOFRQGLWLRQVOLVWHGEHORZ7KH
FDQLVWHUOHDNUDWHGRHVQRWH[FHHGVWDQGDUGFXELFFHQWLPHWHUVKRXULQFKSHQHWUDWLRQ
3DUDPHWHU
,QVLGH3ULPDU\&RQWDLQPHQW
7HPSHUDWXUH
)
3UHVVXUH
SVLJ
5HODWLYH+XPLGLW\
5+
1RUPDORSHUDWLQJHQYLURQPHQWDOYDOXHVDUHWKHRULJLQDOGHVLJQFULWHULD7KHUDGLDWLRQGRVHUDWHKDVFKDQJHG
ZLWK(38FRQGLWLRQV5HIHUWRWKH(QYLURQPHQWDO4XDOLILFDWLRQSURJUDPIRUXSGDWHGYDOXHV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOHD
0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV
3DJHRI
$SSOLFDEOH
3HQHWUDWLRQ
$SSHQGL[
,11(5%$55,(5
287(5%$55,(5
'HVLJQDWLRQ 'HVFULSWLRQ
-7\SH7HVW
'HVLJQDWLRQ
7\SH
7HVWDEOH'HVLJQDWLRQ
7\SH
7HVWDEOH
6HLVPLF5HVWUDLQW
%
<(6
3RUW$
6HLVPLF5HVWUDLQW
%
<HV
3RUW%
6HLVPLF5HVWUDLQW
%
<HV
3RUW&
6HLVPLF5HVWUDLQW
%
<HV
3RUW'
6HLVPLF5HVWUDLQW
%
<HV
3RUW(
6HLVPLF5HVWUDLQW
%
<HV
3RUW)
6HLVPLF5HVWUDLQW
%
<HV
3RUW*
6HLVPLF5HVWUDLQW
%
<HV
3RUW+
'U\ZHOO+HDG
%
<HV
(TXLSPHQW+DWFK
%
<HV
$LU/RFN 1RWH
%
(TXDOL]LQJ9DOYHV
&%
3&7
<HV
3&7
<HV
1RWH
6SDUH
121(
+HDG$FFHVV+DWFK
%
<HV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOHD0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV
3DJHRI
$SSOLFDEOH
3HQHWUDWLRQ
$SSHQGL[
,11(5%$55,(5
287(5%$55,(5
'HVLJQDWLRQ 'HVFULSWLRQ
-7\SH7HVW
'HVLJQDWLRQ
7\SH
7HVWDEOH'HVLJQDWLRQ
7\SH
7HVWDEOH
- $+
'U\ZHOO7RUXV9HQW
121( 1RWH
/LQHV
&5'$FFHVV+DWFK
%
<HV
- $
%HOORZV
%
<HV
3ULPDU\6WHDP/LQH$
& 1RWHV $2$
<HV
$2$
<HV
- %
%HOORZV
%
<HV
3ULPDU\6WHDP/LQH%
& 1RWHV $2%
<HV
$2%
<HV
- &
%HOORZV
%
<HV
3ULPDU\6WHDP/LQH&
& 1RWHV $2&
<HV
$2&
<HV
- '
%HOORZV
%
<HV
3ULPDU\6WHDP/LQH'
& 1RWHV $2'
<HV
$2'
<HV
%HOORZV
%
<HV
3ULPDU\6WHDP'UDLQ
& 1RWH
02
<HV
02
<HV
- $
%HOORZV
%
<HV
)HHGZDWHU/LQH
&
):
<HV
):
<HV
- %
%HOORZV
%
<HV
)HHGZDWHU/LQH
&
):
<HV
):
<HV
%HOORZV
%
<HV
6WHDPWR5&,&
&
02
<HV
02
<HV
%HOORZV
%
<HV
6WHDPWR+3&,
&
02
<HV
02
<HV
%HOORZV
%
<HV
5+56XSSO\
&
02
<HV
02
<HV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOHD0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV
3DJHRI
$SSOLFDEOH
3HQHWUDWLRQ
$SSHQGL[
,11(5%$55,(5
287(5%$55,(5
'HVLJQDWLRQ 'HVFULSWLRQ
-7\SH7HVW
'HVLJQDWLRQ
7\SH
7HVWDEOH'HVLJQDWLRQ
7\SH
7HVWDEOH
- $
%HOORZV
%
<HV
/3&,WR%/RRS
&
02
<HV
02
<HV
- %
%HOORZV
%
<HV
/3&,WR$/RRS
&
02
<HV
02
<HV
5+5
<HV
%HOORZV
%
<HV
5:&86XSSO\
&
02
<HV
02
<HV
6SDUH3HQHWUDWLRQ
121(
- $
%HOORZV
%
<HV
&RUH6SUD\%
&
02
<HV
02
<HV
- %
%HOORZV
%
<HV
&RUH6SUD\$
&
02
<HV
02
<HV
%HOORZV
%
<HV
)ORRU6XPS'LVFKDUJH
&
$2$
<HV
$2%
<HV
(TXLS6XPS'LVFKDUJH
&
$2$
<HV
$2%
<HV
'HPLQ:DWHU6XSSO\
& 1RWH
'0
<HV
'0
<HV
6HUYLFH$LU6XSSO\
& 1RWH
$6
<HV
$6
<HV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOHD0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV
3DJHRI
$SSOLFDEOH
3HQHWUDWLRQ
$SSHQGL[
,11(5%$55,(5
287(5%$55,(5
'HVLJQDWLRQ 'HVFULSWLRQ
-7\SH7HVW
'HVLJQDWLRQ
7\SH
7HVWDEOH'HVLJQDWLRQ
7\SH
7HVWDEOH
,QVWUXPHQW$LU
&
&9
<HV
$,
<HV
5%&&:WR'U\ZHOO
&
5%&&
<HV
02
<HV
5%&&:IURP'U\ZHOO
&
02
<HV
02
<HV
'U\ZHOO9HQWLODWLRQ
&
$2
<HV
([KDXVW
$2
<HV
&9
<HV
;
'U\ZHOO9HQWLODWLRQ
&
$2
<HV
6XSSO\
$2
<HV
&9
<HV
&9
<HV
- $&,QVWUXPHQWDWLRQ
121( 1RWH
- '
'U\ZHOOWR&$0
&
69%
<HV
$QDO\]HU% 6XSSO\
69%
<HV
- (
&$06DPSOH
&
69
<HV
/LQH 'U\ZHOO
69
<HV
69
<HV
69
<HV
- )
'U\ZHOOWR&$0
&
69$
<HV
$QDO\]HU$ 6XSSO\
69$
<HV
- $(,QVWUXPHQWDWLRQ
121( 1RWH
)
- %& 6SDUH
121(
'
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
7DEOHD0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV
3DJHRI
$SSOLFDEOH
3HQHWUDWLRQ
$SSHQGL[
,11(5%$55,(5
287(5%$55,(5
'HVLJQDWLRQ 'HVFULSWLRQ
-7\SH7HVW
'HVLJQDWLRQ
7\SH
7HVWDEOH'HVLJQDWLRQ
7\SH
7HVWDEOH
- $
,QVWUXPHQWDWLRQ
121( 1RWH
- % & 6SDUH
121(
'
- ( ),QVWUXPHQWDWLRQ
$ 1RWH
- $
6SDUH3HQHWUDWLRQ
121(
- %&(),QVWUXPHQWDWLRQ
121( 1RWH
- '
,QVWUXPHQWDWLRQ
$ 1RWH
- $%',QVWUXPHQWDWLRQ
121( 1RWH
()
- &
6SDUH
121(
- $%
,QVWUXPHQWDWLRQ
121( 1RWH
'()
- &
'U\ZHOO)ORRG
$ 1RWH
/HYHO6ZLWFK
- $)
,QVWUXPHQWDWLRQ
121( 1RWH
- $
$OWHUQDWH1
&
$,
<HV
6XSSO\
$,
<HV
- %
6SDUH3HQHWUDWLRQ
121(
- &)
,QVWUXPHQWDWLRQ
121( 1RWH
- $%&
)ODQJH
%
<HV
7,33UREHV 1RWH
&
7,3
<HV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOHD0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV
3DJHRI
$SSOLFDEOH
3HQHWUDWLRQ
$SSHQGL[
,11(5%$55,(5
287(5%$55,(5
'HVLJQDWLRQ 'HVFULSWLRQ
-7\SH7HVW
'HVLJQDWLRQ
7\SH
7HVWDEOH'HVLJQDWLRQ
7\SH
7HVWDEOH
- '
6SDUH3HQHWUDWLRQ
%
<HV
- (
)ODQJH
%
<HV
7,33XUJH6XSSO\
&
$,
<HV
$,
<HV
6SDUH
121(
- %
5HFLUF6HDO,QM
&
- 5
<HV
- 5
<HV
- %
5HFLUF6HDO,QM
&
- 5
<HV
- 5
<HV
- $' &5',QVHUW/LQHV
121( 1RWH
- &' 6SDUH
121(
<HV
- $' &5'
- LWKGUDZ
121( 1RWH
- &' 6SDUH
121(
- $
'U\ZHOO6SUD\%
&
02
<HV
02
<HV
- %
'U\ZHOO6SUD\$
&
02
<HV
02
<HV
- $$
,QVWUXPHQWDWLRQ
121( 1RWH
')
5HFLUF/RRS%6DPSOH
&
&9
<HV
&9
<HV
6WDQGE\/LTXLG&RQWURO
&
- 3
<HV
- 3
<HV
6SDUH3HQHWUDWLRQV
121(
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOHD0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV
3DJHRI
$SSOLFDEOH
3HQHWUDWLRQ
$SSHQGL[
,11(5%$55,(5
287(5%$55,(5
'HVLJQDWLRQ 'HVFULSWLRQ
-7\SH7HVW
'HVLJQDWLRQ
7\SH
7HVWDEOH'HVLJQDWLRQ
7\SH
7HVWDEOH
6SDUH3HQHWUDWLRQ
6SDUH3HQHWUDWLRQ
121(
- $ )
,QVWUXPHQWDWLRQ
121( 1RWH
- $',QVWUXPHQWDWLRQ
121( 1RWH
- ()
,QVWUXPHQWDWLRQ
$ 1RWH
- $)
,QVWUXPHQWDWLRQ
121( 1RWH
- $)
,QVWUXPHQWDWLRQ
121( 1RWH
- $%
,QVWUXPHQWDWLRQ
121( 1RWH
- $%
,QVWUXPHQWDWLRQ
121( 1RWH
- ;
1RW$VVLJQHG
121(
- $
(OHFWULFDO3HQHWUDWLRQ
%
<HV
'
- (
6SDUH3HQHWUDWLRQ
121(
- $
,QVWUXPHQWDWLRQ
%
<HV
&
6SDUH3HQHWUDWLRQV
121(
- %
(OHFWULFDO3HQHWUDWLRQ
%
<HV
'
6SDUH3HQHWUDWLRQ
121(
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOHD0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV
3DJHRI
$SSOLFDEOH
3HQHWUDWLRQ
$SSHQGL[
,11(5%$55,(5
287(5%$55,(5
'HVLJQDWLRQ 'HVFULSWLRQ
-7\SH7HVW
'HVLJQDWLRQ
7\SH
7HVWDEOH'HVLJQDWLRQ
7\SH
7HVWDEOH
(OHFWULFDO3HQHWUDWLRQ
%
<HV
- $
(OHFWULFDO3HQHWUDWLRQ
%
<HV
'
- (
6SDUH3HQHWUDWLRQ
121(
- $
(OHFWULFDO3HQHWUDWLRQ
%
<HV
&'
- %
6SDUH
121(
%')
- % *
$OWHUQDWH1
&
$,
<HV
6XSSO\
$,
<HV
- %
,QVWUXPHQWDWLRQ
121( 1RWH
$&+,
- % (
,QVWUXPHQWDWLRQ
$ 1RWH
(OHFWULFDO3HQHWUDWLRQ
%
<HV
)ODQJH
%
<HV
(OHFWULFDO3HQHWUDWLRQ
%
<HV
)ODQJH
%
<HV
1RW$VVLJQHG
121(
- $
7RUXV+DWFK
%
<HV
- %
7RUXV+DWFK
%
<HV
- $
7RUXV9HQW/LQHV
121( 1RWH
1R
+
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOHD0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV
3DJH RI
$SSOLFDEOH
3HQHWUDWLRQ
$SSHQGL[
,11(5%$55,(5
287(5%$55,(5
'HVLJQDWLRQ 'HVFULSWLRQ
-7\SH7HVW
'HVLJQDWLRQ
7\SH
7HVWDEOH'HVLJQDWLRQ
7\SH
7HVWDEOH
- $%
'U\ZHOO7RUXV
121( 1RWH
&'()
9DFXXP%UHDNHUV
- +-.
- ,
1RW$VVLJQHG
121(
1RW$VVLJQHG
121(
- $
7RUXV5LQJ+HDGHU
121( 1RWH
'
7RUXV9HQWLODWLRQ
&
$2
<HV
([KDXVW
&9
<HV
$2
<HV
- $' 7RUXV,QVWUXPHQWDWLRQ
$ 1RWH
(*
- %&
7RUXV,QVWUXPHQWDWLRQ
121( 1RWH
)+
- $
7RUXV9HQW3LSH
121( 1RWH
+
'UDLQV
- $
5HOLHI9DOYH
121( 1RWH
+
'LVFKDUJH3LSHV
- $'
7RUXV,QVWUXPHQWDWLRQ
$ 1RWH
- %&
7RUXV,QVWUXPHQWDWLRQ
121( 1RWH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOHD0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV
3DJHRI
$SSOLFDEOH
3HQHWUDWLRQ
$SSHQGL[
,11(5%$55,(5
287(5%$55,(5
'HVLJQDWLRQ 'HVFULSWLRQ
-7\SH7HVW
'HVLJQDWLRQ
7\SH
7HVWDEOH'HVLJQDWLRQ
7\SH
7HVWDEOH
- $
5+5DQG&RUH6SUD\%
121( 1RWH
5+5
7HVW/LQHWR7RUXV
02
02
02
&6
- %
5+5DQG&RUH6SUD\
121( 1RWH
5+5
$7HVW/LQHWR7RUXV
02
02
02
&6
- $
5+5%7RUXV6SUD\
121( 1RWH
02
121( 1RWH
02
&
02
<HV
- %
5+5$7RUXV6SUD\
121( 1RWH
02
121( 1RWH
02
&
02
<HV
5&,&7XUELQH([KDXVW
&
5&,&
<HV
5&,&
<HV
- $
)ODQJHG%RWWRP7RUXV
121( 1RWH
%
'UDLQV
&$0$QDO\]HU$WR
&
69$
<HV
7RUXV 5HWXUQ
69$
<HV
&$0$QDO\]HU%WR
&
69%
<HV
7RUXV 5HWXUQ
69%
<HV
2[\JHQ$QDO\]HUWR
&
&9
<HV
7RUXV 5HWXUQ
&9
<HV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOHD0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV
3DJHRI
$SSOLFDEOH
3HQHWUDWLRQ
$SSHQGL[
,11(5%$55,(5
287(5%$55,(5
'HVLJQDWLRQ 'HVFULSWLRQ
-7\SH7HVW
'HVLJQDWLRQ
7\SH
7HVWDEOH'HVLJQDWLRQ
7\SH
7HVWDEOH
7RUXVWR&$0
&
69$
<HV
$QDO\]HU$ 6XSSO\
69$
<HV
6SDUH3HQHWUDWLRQ
121(
+3&,([KDXVW9DF%NU
% 1RWH
+3&,
<HV
+3&,
<HV
7RUXV5HDFWRU%XLOGLQJ
&
$2
<HV
9DFXXP%UHDNHUDQG
':9
<HV
9HQWLODWLRQ6XSSO\
$2
<HV
':9
<HV
$2
<HV
$2
<HV
1LWURJHQ3XUJH
&
&9
<HV
&9
<HV
5&,&([KDXVW9DF%NU
% 1RWH
5&,&
<HV
5&,&
<HV
7RUXVWR&$0
&
&9
<HV
$QDO\]HU% 6XSSO\
&9
<HV
69%
<HV
69%
<HV
+3&,7XUELQH([KDXVW
&
+3&,
<HV
+3&,
<HV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOHD0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV
3DJHRI
$SSOLFDEOH
3HQHWUDWLRQ
$SSHQGL[
,11(5%$55,(5
287(5%$55,(5
'HVLJQDWLRQ 'HVFULSWLRQ
-7\SH7HVW
'HVLJQDWLRQ
7\SH
7HVWDEOH'HVLJQDWLRQ
7\SH
7HVWDEOH
+3&,6WHDP/LQH
121( 1RWH
+3&,
'UDLQV
+3&,
5&,&6WHDP/LQH
121( 1RWH
5&,&
'UDLQV
5&,&
- $
5+5%6XFWLRQ
121( 1RWH
02
- %
5+5$6XFWLRQ
121( 1RWH
02
+3&,6XFWLRQ
121( 1RWH
02
02
- $
&RUH6SUD\%6XFWLRQ
121( 1RWH
02
- %
&RUH6SUD\$6XFWLRQ
121( 1RWH
02
5&,&6XFWLRQ
121( 1RWH
02
02
,QFOXGHGWRUHWDLQQXPHULFDOVHTXHQFHRQO\1RSHQHWUDWLRQ
- $
6SDUH3HQHWUDWLRQV
121(
&+-.
- %
,QVWUXPHQW$LUWR
&
&9
<HV
7RUXV
$,
<HV
(OHFWULFDO3HQHWUDWLRQ
%
<HV
- $ %
,QVWUXPHQWDWLRQ
121(
- $ %
- $+
6SDUH
121(
-135
+DUG3LSH9HQW
&
$2
<HV
$2
<HV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOHD0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV
3DJHRI
'XULQJUHIXHOLQJRXWDJHV06,9VPD\EHWHVWHGE\SUHVVXUL]DWLRQEHWZHHQYDOYHV
6LQFHWHVWSUHVVXUHWHQGVWRXQVHDWWKHLQERDUGYDOYHDORZHUWHVWSUHVVXUHWKDQ3D
KDVEHHQDSSURYHGE\WKH15& 5HIHUHQFH $OWHUQDWLYHO\WKHLQERDUGYDOYH
PD\EHSUHVVXUL]HGRQWKHUHDFWRUVLGHIRUH[FOXVLYHWHVWLQJRIWKDWYDOYHDQGWRKHOS
VHDWWKHYDOYHIRUVXEVHTXHQWRXWERDUGYDOYHWHVWLQJZLWKSUHVVXUL]DWLRQEHWZHHQ
WKHYDOYHV
,VRODWLRQLVDFFRPSOLVKHGXVLQJPDQXDOYDOYHVLQWKHFRQWDLQPHQWVXSSO\OLQH
7KHVHYDOYHVDUHRSHQHGRQO\ZKHQFRQWDLQPHQWLQWHJULW\LVQRWUHTXLUHG7KH
YDOYHVDUHFORVHGLQDFFRUGDQFHZLWKOLQHXSFKHFNOLVWVZKLFKDUHFRPSOHWHGSULRUWR
SODQWKHDWXS
2QHLQFKLQVWUXPHQWDWLRQOLQHVHTXLSSHGZLWKH[FHVVIORZFKHFNYDOYHV6XEMHFWWR
OHDNDJHWHVWLQJLQDFFRUGDQFHZLWK7HFKQLFDO6SHFLILFDWLRQ65/HDNDJH
FDQRFFXURQO\WKURXJKUXSWXUHRIWKHOLQHRULWVDVVRFLDWHGLQVWUXPHQWRXWVLGHRI
FRQWDLQPHQW
7,3SUREHVDUHZLWKGUDZQRQDFRQWDLQPHQWLVRODWLRQVLJQDODQGWKHOLQHLVLVRODWHG
E\DXWRPDWLFFORVXUHRIDEDOOYDOYH$VKHDUYDOYHFDQEHPDQXDOO\DFWXDWHGIURP
WKH&RQWURO5RRPLQWKHHYHQWDSUREHIDLOVWRUHWUDFW&KHFNYDOYHVLQWKHSXUJH
VXSSO\OLQHRXWVLGHWKHGU\ZHOOFORVHWRSURYLGHFRQWDLQPHQWLVRODWLRQ
&RQWDLQPHQWLVRODWLRQRIWKH&5'K\GUDXOLFFRQWUROOLQHVLVSURYLGHGE\GRXEOHVHDOV
ZLWKLQHDFKFRQWUROURGGULYHPHFKDQLVPDQGFKHFNYDOYHVDQGQRUPDOO\FORVHG
YDOYHVZLWKLQHDFKK\GUDXOLFFRQWUROXQLW 5HIHUHQFHVDQG
7KHGU\ZHOODLUORFNLVFRQVWUXFWHGZLWKERWKGRRUVRSHQLQJLQZDUGVRWKDW
FRQWDLQPHQWSUHVVXUHZLOOWHQGWRVHDWWKHGRRUVHDOV'XULQJRYHUDOODLUORFN
SUHVVXUHWHVWVDVXSSRUWPHPEHULVLQVWDOOHGRQWKHLQQHUGRRUWRSUHYHQWWKHGRRU
IURPEHLQJIRUFHGRSHQ7KHRXWHUDLUORFNHTXDOL]LQJYDOYHLVWHVWHGGXULQJWKH
RYHUDOODLUORFNSUHVVXUHWHVW
7KHVHDUHLQWHUQDOSHQHWUDWLRQVEHWZHHQVHFWLRQVRIWKHFRQWDLQPHQWVWUXFWXUH
,QVWUXPHQWDWLRQOLQHVQRWHTXLSSHGZLWKH[FHVVIORZFKHFNYDOYHV7KHVH
LQVWUXPHQWOLQHVDUHFRQQHFWHGWRVHDOHGWUDQVGXFHUVDQGDUHGHVLJQHGWRZLWKVWDQG
WKHVWUHVVHVRIDORVVRIFRRODQWDFFLGHQW7KHVHOLQHVDUHWHVWHGGXULQJWKH
FRQWDLQPHQW7\SH$LQWHJUDWHGOHDNUDWHWHVW 5HIHUHQFH
7KLVSHQHWUDWLRQWHUPLQDWHVEHORZWKHPLQLPXPSRVWDFFLGHQWOHYHORIWKH
VXSSUHVVLRQSRRO,WLVQRWH[SRVHGWRWKHFRQWDLQPHQWDWPRVSKHUH
7KHVHGUDLQVDUHLQVWDOOHGDWWKHERWWRPRIWKHVXSSUHVVLRQSRRO
7KH+3&,DQG5&,&VWHDPH[KDXVWOLQHYDFXXPEUHDNHUSHQHWUDWLRQVXWLOL]HWKH
+3&,DQG5&,&VWHDPH[KDXVWOLQHFKHFNYDOYHVIRUFRQWDLQPHQWLVRODWLRQ7KH
FKHFNYDOYHVDUHLQVWDOOHGZLWKUHVLOLHQWVHDOV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOHD0RQWLFHOOR&RQWDLQPHQW3HQHWUDWLRQV
3DJHRI
+ROHVGULOOHGLQWKH5+5SXPSVLGHGLVFRIYDOYHV02DQG02WR
DGGUHVV15&*HQHULFOHWWHU 5HIHUHQFH RQ3UHVVXUH/RFNLQJDQG
7KHUPDO%LQGLQJZLOODOORZZDWHUWRSUHVVXUL]HWKHYDOYHERQQHWSDFNLQJDUHDDQG
HOLPLQDWHWKLVSRWHQWLDOILVVLRQSURGXFWOHDNDJHSDWK7KLVSURYLVLRQDOORZVUHPRYDO
RIWKHVHYDOYHVIURP7\SH&WHVWLQJXQGHUWKHH[HPSWLRQSURYLGHGLQWKH15&¶V
-XQH $SSHQGL[-6DIHW\(YDOXDWLRQ 5HIHUHQFH
02DQG02 DUHJOREHYDOYHVLQVWDOOHGZLWKWKHYDOYHERQQHWSDFNLQJ
DUHDH[SRVHGWRWKH7RUXVVLGH7KLVUHVXOWVLQWKHYDOYHGLVNVVWHPSDFNLQJDQG
ERG\WRERQQHWJDVNHWEHLQJZDWHUVHDOHGSRVWDFFLGHQWDQGQR$SSHQGL[-ORFDO
OHDNUDWHWHVWVRIWKHVHYDOYHVDUHUHTXLUHG 5HIHUHQFH
7KH0DLQ6WHDP3DWKZD\ PDLQVWHDPOLQHVDQGPDLQVWHDPOLQHGUDLQV OHDNDJHLV
H[FOXGHGIURPWKHVXPRIWKHOHDNDJHUDWHVRI7\SH%DQG&WHVWVDQGIURPWKH
RYHUDOOLQWHJUDWHGOHDNDJHUDWHIURP7\SH$WHVWV 5HIHUHQFH
%DUULHU7\SH&RGHV
'RXEOHJDVNHWRU2ULQJVHDO
+RWSLSHH[SDQVLRQEHOORZV
$LURSHUDWHGJOREHYDOYH
0RWRURSHUDWHGJDWHYDOYH
&KHFNYDOYH
7HVWDEOHFKHFNYDOYH
$LURSHUDWHGJDWHYDOYH
0DQXDOJDWHYDOYH
'LDSKUDJPDLURSHUDWHGFRQWUROYDOYH
$LURSHUDWHGEXWWHUIO\YDOYH
(OHFWULFDOSHQHWUDWLRQ
0RWRURSHUDWHGJOREHYDOYH
0DQXDOO\RSHUDWHGJOREHYDOYH
6HOIDFWXDWLQJYDFXXPEUHDNHU
%DOO9DOYH
6ROHQRLG9DOYH
6SDUH3HQHWUDWLRQZHOGHGFDS
,QVWUXPHQW/LQHZLWKH[FHVVIORZFKHFNYDOYH
,QVWUXPHQW/LQHZLWKRXWH[FHVVIORZFKHFNYDOYH
6SDUHSHQHWUDWLRQLVRODWLRQYDOYHDQGFDS
7KHUPRZHOO
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
7DEOHE 3ULPDU\&RQWDLQPHQW$XWRPDWLF,VRODWLRQ9DOYHV
3DJHRI
,VRODWLRQ*URXS
1RWH
$SSOLFDWLRQ
,VRODWLRQ9DOYHV
0D[LPXP
2SHUDWLQJ
7LPH VHF
1RWH
1RUPDO
3RVLWLRQ
1RWH
,QERDUG
2XWERDUG
0DLQ6WHDP,VRODWLRQ
$2$
$2%
$2&
$2'
$2$
$2%
$2&
$2'
W 2SHQ
0DLQ6WHDP/LQH'UDLQ
02
02
&ORVHG
5HDFWRU:DWHU6DPSOH
&9
&9
2SHQ
'U\ZHOO(TXLSPHQW6XPS
$2$
$2%
2SHQ
'U\ZHOO)ORRU6XPS
$2$
$2%
2SHQ
7RUXV9HQW%\SDVV
&9
&ORVHG
7RUXV9HQW 1RWH
$2
$2
&ORVHG
&ORVHG
'U\ZHOO9HQW%\SDVV
&9
&ORVHG
'U\ZHOO9HQW 1RWH
$2
$2
&ORVHG
&ORVHG
7RUXV$LU3XUJH$LU6XSSO\ 1RWH
$2
&ORVHG
'U\ZHOO$LU3XUJH6XSSO\ 1RWH
$2
&ORVHG
&RQWDLQPHQW$LU3XUJH6XSSO\ 1RWH
$2
&ORVHG
7,3%DOO9DOYHV
1RWH
&ORVHG
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOHE3ULPDU\&RQWDLQPHQW$XWRPDWLF,VRODWLRQ9DOYHV
3DJHRI
,VRODWLRQ*URXS
1RWH
$SSOLFDWLRQ
,VRODWLRQ9DOYHV
0D[LPXP
2SHUDWLQJ
7LPH VHF
1RWH
1RUPDO
3RVLWLRQ
1RWH
,QERDUG
2XWERDUG
5+56XSSO\
02
02
&ORVHG
5+55HWXUQWR$/RRS
02
&ORVHG
1RWH
5+55HWXUQWR%/RRS
02
&ORVHG
1RWH
&RQWDLQPHQW1LWURJHQ6XSSO\
&9
&ORVHG
7RUXV1LWURJHQ6XSSO\
&9
&ORVHG
'U\ZHOO1LWURJHQ6XSSO\
&9
&ORVHG
2[\JHQ$QDO\]HU6DPSOH3RLQW
&9
&9
2SHQ
2SHQ
2[\JHQ$QDO\]HU5HWXUQ
&9
&9
2SHQ
2SHQ
&$06DPSOH/LQH 'U\ZHOO
69
69
2SHQ
2SHQ
3$666DPSOH/LQH 'U\ZHOO
69
69
&ORVHG
&ORVHG
'U\ZHOOWR&$0$QDO\]HU
$ 6XSSO\
69$
69$
&ORVHG
&ORVHG
'U\ZHOOWR&DP$QDO\]HU
% 6XSSO\
69%
69%
&ORVHG
&ORVHG
7RUXVWR&$0$QDO\]HU
$ 6XSSO\
69$
69$
&ORVHG
&ORVHG
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOHE3ULPDU\&RQWDLQPHQW$XWRPDWLF,VRODWLRQ9DOYHV
3DJHRI
,VRODWLRQ*URXS
1RWH
$SSOLFDWLRQ
,VRODWLRQ9DOYHV
0D[LPXP
2SHUDWLQJ
7LPH VHF
1RWH
1RUPDO
3RVLWLRQ
1RWH
,QERDUG
2XWERDUG
7RUXVWR&$0$QDO\]HU
% 6XSSO\
69%
69%
&ORVHG
&ORVHG
&$0$QDO\]HU$WR7RUXV
5HWXUQ
69$
69$
&ORVHG
&ORVHG
&$0$QDO\]HU%WR7RUXV
5HWXUQ
69%
69%
&ORVHG
&ORVHG
5HDFWRU:DWHU&OHDQXS6XSSO\
02
02
2SHQ
5HDFWRU:DWHU6DPSOH
&9
&9
2SHQ
+3&,6WHDP6XSSO\
02
02
2SHQ
5&,&6WHDP6XSSO\
02
02
2SHQ
:LWKQRUPDORIIVLWHSRZHU DQGEDWWHU\FKDUJHUV DYDLODEOHWKHPD[LPXPRSHUDWLQJ FORVLQJ WLPHVRI02DQG02
DUHVHFRQGV)RU02LQD'HVLJQ%DVLV+(/%6FHQDULR EDWWHU\FKDUJHUV127DYDLODEOH WKHFORVLQJWLPHLVERXQGWR
VHFRQGV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOHE3ULPDU\&RQWDLQPHQW$XWRPDWLF,VRODWLRQ9DOYHV
3DJHRI
1RWH
&RQWDLQPHQWLVRODWLRQJURXSLQJVDVIROORZV
- URXS
7KHYDOYHVLQ*URXSDUHFORVHGXSRQDQ\RQHRIWKHIROORZLQJ
FRQGLWLRQV
5HDFWRUORZORZZDWHUOHYHO
0DLQVWHDPOLQHKLJKIORZ
0DLQVWHDPOLQHWXQQHOKLJKWHPSHUDWXUH
0DLQVWHDPOLQHORZSUHVVXUH 581PRGHRQO\
- URXS
7KHYDOYHVLQ*URXSDUHFORVHGXSRQDQ\RQHRIWKHIROORZLQJ
FRQGLWLRQV
5HDFWRUORZZDWHUOHYHO
+LJK'U\ZHOOSUHVVXUH
- URXS
7KHYDOYHVLQ*URXSDUHFORVHGXSRQDQ\RQHRIWKHIROORZLQJ
FRQGLWLRQV
5HDFWRUORZORZZDWHUOHYHO
+LJK'U\ZHOOSUHVVXUH
+LJK5:&8IORZ
+LJK5:&8URRPWHPSHUDWXUH
- URXS
,VRODWLRQYDOYHVLQWKH+3&,6\VWHPDUHFORVHGXSRQDQ\RQHRIWKH
IROORZLQJFRQGLWLRQV
+3&,VWHDPOLQHKLJKIORZ
+3&,VWHDPOLQHORZSUHVVXUH
+LJKWHPSHUDWXUHLQWKHYLFLQLW\RIWKH+3&,VWHDPOLQH
- URXS
,VRODWLRQYDOYHVLQWKH5&,&6\VWHPDUHFORVHGXSRQDQ\RQHRIWKH
IROORZLQJFRQGLWLRQV
5&,&VWHDPOLQHKLJKIORZ
5&,&VWHDPOLQHORZSUHVVXUH
+LJKWHPSHUDWXUHLQWKHYLFLQLW\RIWKH5&,&VWHDPOLQH
1RWH
7HVWLQJFRQVLVWVRIYHULI\LQJEDOOYDOYHFORVXUHRQDVLPXODWHG*URXSLVRODWLRQ
VLJQDO
1RWH
7KHQRUPDOSRVLWLRQRIWKHYDOYHVGXULQJRSHUDWLRQLVLQGLFDWHG+RZHYHUYDOYH
SRVLWLRQVPD\EHFKDQJHGDVUHTXLUHGWRVXSSRUWSODQWRSHUDWLRQVXFKDV
FRQWDLQPHQWQLWURJHQDGGLWLRQDQGYHQWLQJRUWRDOORZIRUVXUYHLOODQFHWHVWLQJVXFK
DVYDOYHVWURNHWLPLQJ
1RWH
7KHVHYDOYHVDUHFRQWUROOHGE\/3&,/RRSVHOHFWLRQGXULQJQRUPDORSHUDWLRQ
'XULQJRSHUDWLRQRIWKH5+5V\VWHPLQWKH6KXWGRZQ&RROLQJ0RGHWKHVHYDOYHV
ZLOOUHFHLYHD*URXSLVRODWLRQVLJQDO
1RWH
7KHVHYDOYHVDUHOLPLWHGWRDVWURNHRIIXOOFORVHGWRRSHQ7KLVHQVXUHVWKH
YDOYHVFDQFORVHXQGHUGHVLJQEDVLVFRQGLWLRQV
1RWH
,QGLFDWHGPD[LPXPRSHUDWLQJWLPHLVOLPLWHGWRYDOYHVWURNHWLPH$GGLWLRQDOWLPH
DVVRFLDWHGZLWKVLJQDOGHYHORSPHQWRUDXWRPDWLFORJLFDFWXDWLRQLVQRWLQFOXGHGLQ
WKHYDOXHVVKRZQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOH 0D[LPXP&RQWDLQPHQW&RQGLWLRQVIRUD/RVVRI&RRODQW$FFLGHQW
0D[LPXP'U\ZHOO3UHVVXUH '%$/2&$ SVLJ
0D[LPXP'U\ZHOO*DV7HPSHUDWXUH 6WHDP/LQH%UHDN )
0D[LPXP'U\ZHOO:DOO7HPSHUDWXUH 6WHDP/LQH%UHDN )
0D[LPXP:HWZHOO3UHVVXUH '%$/2&$ SVLJ
0D[LPXPEXON6XSSUHVVLRQ3RRO7HPSHUDWXUH '%$/2&$ )
7KHDQDO\VLVLVEDVHGRQWKHIWVWHDPOLQHEUHDNDVVXPLQJ8&+,'$
FRQGHQVLQJKHDWWUDQVIHUWRWKHGU\ZHOOZDOOXQWLOWKHZDOOWHPSHUDWXUHUHDFKHV
WKHVDWXUDWLRQWHPSHUDWXUHIRUWKHGU\ZHOOSUHVVXUHZLWKLQLWLDWLRQRIGU\ZHOO
VSUD\VDWDGU\ZHOOJDVWHPSHUDWXUHRI)EXWQRWEHIRUHPLQXWHVDIWHUWKH
EUHDN
7KHILUVWYDOXHLVWKHSHDNVXSSUHVVLRQSRROWHPSHUDWXUHIRUWKH'%$/2&$ZLWK
GLUHFWVXSSUHVVLRQFRROLQJDQGDQ5+5KHDWH[FKDQJHU.YDOXHWKDWLQFUHDVHV
ZLWKLQFUHDVLQJ5+5ZDWHUWHPSHUDWXUH7KHVHFRQGQXPEHULVWKHSHDN
VXSSUHVVLRQSRROWHPSHUDWXUHIURPWKH136+HYDOXDWLRQIRUWKHVDPH
'%$/2&$EXWZLWKFRQWDLQPHQWFRROLQJXVLQJFRQWDLQPHQWVSUD\VDQGD
FRQVWDQW.YDOXHRI%78VHF)
5HIHUHQFHVDQG
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOH $VVXPSWLRQVIRUWKH/2&$&RQWDLQPHQW(YDOXDWLRQ
$668037,21
%$6,6
5HDFWRULVDWRI0:W
5HIHUHQFH
6XSSUHVVLRQSRRO
WHPSHUDWXUHDUHLQLWLDOO\ )
7HFKQLFDO6SHFLILFDWLRQ
0D[LPXP
6XSSUHVVLRQSRROZDWHUYROXPHLV
LQLWLDOO\IW
7HFKQLFDO6SHFLILFDWLRQ
0LQLPXP
'U\ZHOOWHPSHUDWXUHDQGKXPLGLW\DUH
DVVXPHGWREH)DQGUHODWLYH
KXPLGLW\UHVSHFWLYHO\IRU'%$/2&$ ORQJ
WHUPZLWK63& LQWHUPHGLDWHDQGVPDOOEUHDN
FDVHV)RU136+FDVHVGU\ZHOOWHPSHUDWXUH
DQGKXPLGLW\DUHDVVXPHGWREH)DQG
5+UHVSHFWLYHO\
5HIHUHQFH
- HWZHOODLUVSDFHLVLQLWLDOO\ )
DQGUHODWLYHKXPLGLW\
7KHUPDOHTXLOLEULXPZLWKWKH
VXSSUHVVLRQSRROZDWHUDWQRUPDO
RSHUDWLQJ7HFKQLFDO6SHFLILFDWLRQ
OLPLW PD[LPXPKXPLGLW\
7KHZHWZHOODLUVSDFHLVLQWKHUPDO
HTXLOLEULXPZLWKWKHVXSSUHVVLRQSRROGXULQJ
WKHHDUO\EORZGRZQSHULRGIRUD'%$/2&$
WKHQDPHFKDQLVWLFKHDWDQGPDVVWUDQVIHULV
DVVXPHG
5HIHUHQFH
,QLWLDOGU\ZHOOSUHVVXUHDQGZHWZHOOSUHVVXUH
DVVXPHGWREHSVLDH[FHSWIRU136+
DQG38/'FDVHVZKHUHSVLDDQG
SVLDUHVSHFWLYHO\DUHDVVXPHG
5HIHUHQFH
'U\ZHOOIDQFRROHUVDUHLQDFWLYH
1RQVDIHW\HTXLSPHQW
&RQWUROURGGULYHIORZLV]HUR
1RQVDIHW\HTXLSPHQW
,QLWLDOGRZQFRPHUVXEPHUJHQFHLVIW
'HULYHGIURPPLQLPXP
7HFKQLFDO6SHFLILFDWLRQ
ZDWHUYROXPH
1RUPDORSHUDWLRQRIWKHSODQWV\VWHPLV
DVVXPHGH[FHSWIRUDVLQJOHDFWLYHIDLOXUH
/LFHQVLQJUHTXLUHPHQW
'HFD\KHDWIRUORQJWHUPUHVSRQVH
FDOFXODWHGXVLQJ$16,$16
VWDQGDUGFRQVLVWHQWZLWK*(6,/
$VLJPDXQFHUWDLQW\ZDVDGGHGWR
QRPLQDOGHFD\KHDWYDOXHV
5HIHUHQFH
7KH5+5SRROFRROLQJPRGHVWDUWVDW
PLQXWHVDIWHUWKHOLQHEUHDN
$FFHSWHGE\15&IRU0DUN,
FRQWDLQPHQWHYDOXDWLRQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
2QH(PHUJHQF\'LHVHO*HQHUDWRULV
LQRSHUDWLYH
/LPLWLQJVLQJOHIDLOXUHIRU
FRQWDLQPHQW
8VHRISDVVLYHKHDWVLQNVSHUDQDO\VLV
5HIHUHQFH
,QVWDQWDQHRXVJXLOORWLQHEUHDNRI
UHFLUFXODWLRQVXFWLRQOLQHLVXVHG
:RUVWFDVHEUHDN
5+5LQWHUWLHLVSUHVHQWGXULQJEUHDN
0RQWLFHOORFRQILJXUDWLRQ
7KH(PHUJHQF\&RUH&RROLQJ6\VWHPVWDUWV
LQMHFWLQJDWVHFRQGVIRU'%$/2&$
5HIHUHQFH
)RUILUVWPLQXWHV(&&6FRQVLVWVRIRQH
FRUHVSUD\DQGWZR/3&,SXPSV
1RPLQDOLQMHFWLRQUDWH
3RROFRROLQJFRQVLVWVRI/3&,SXPSDQG
5+56:SXPSZLWKRQHKHDWH[FKDQJHU
/LPLWLQJVLQJOHIDLOXUH
5+5+HDW([FKDQJHU. %WXVHF)LV
XVHGIRUFRQWDLQPHQWVSUD\136+DQG
38/'FDVHV$YDULDEOH.IURP
%WXVHF)WR%WXVHF)LVXVHG
IRU'%$/2&$VXSSUHVVLRQSRROFRROLQJDQG
FRUHLQMHFWLRQFRROLQJ
5HIHUHQFH
/RVVRIFRRODQWDFFLGHQWFDOFXODWLRQVXVH
VHUYLFHZDWHUWHPSHUDWXUHRI )
5HIHUHQFH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7DEOH 'U\ZHOO7HPSHUDWXUH(QYHORSHVIRU6WHDP%UHDNV
'5<:(//7(03(5$785((19(/23(
7,0($)7(5$&&,'(17
'5<:(//7(03 )
VHFRQGV
VHFRQGV
VHFRQGV
VHF
KUV
GD\V
GD\V
GD\V
$QDO\VLVSHUIRUPHGDWRI0:WDQG )5+56HUYLFH:DWHU 5HIHUHQFHDQG
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
5.3 6HFRQGDU\&RQWDLQPHQW6\VWHPDQG5HDFWRU%XLOGLQJ
5.3.1
- HQHUDO
7KHVHFRQGDU\FRQWDLQPHQWFRPSOHWHO\HQFORVHVWKHUHDFWRUDQGLWVSUHVVXUH
VXSSUHVVLRQSULPDU\FRQWDLQPHQW7KHVHFRQGDU\FRQWDLQPHQWHQFORVXUHVWUXFWXUH
SURYLGHVVHFRQGDU\FRQWDLQPHQWZKHQWKHSULPDU\FRQWDLQPHQWLVFORVHGDQGLQVHUYLFH
DQGSULPDU\FRQWDLQPHQWZKHQWKHSULPDU\FRQWDLQPHQWLVRSHQDVGXULQJUHIXHOLQJ
7KHUHDFWRUEXLOGLQJKRXVHVWKHUHIXHOLQJDQGUHDFWRUVHUYLFLQJHTXLSPHQWQHZDQG
VSHQWIXHOVWRUDJHIDFLOLWLHVDQGRWKHUUHDFWRUDX[LOLDU\V\VWHPVRUVHUYLFHHTXLSPHQW
7KHSULPDU\SXUSRVHVIRUWKHVHFRQGDU\FRQWDLQPHQWDUHWRPLQLPL]HJURXQGOHYHO
UHOHDVHRIDLUERUQHUDGLRDFWLYHPDWHULDOVWRWKHHQYLURQVDQGWRSURYLGHPHDQVIRUD
FRQWUROOHGHOHYDWHGUHOHDVHRIWKHEXLOGLQJDWPRVSKHUHLIDQDFFLGHQWVKRXOGRFFXU)RU
WKHGHVLJQEDVLVIXHOKDQGOLQJDFFLGHQWDQDO\VLVXVLQJ$OWHUQDWLYH6RXUFH7HUP
PHWKRGRORJ\KDVGHPRQVWUDWHGWKDWVHFRQGDU\FRQWDLQPHQWLQWHJULW\DQGRSHUDWLRQRI
WKH6WDQGE\*DV7UHDWPHQW6\VWHPDUHQRWUHTXLUHGWRPDLQWDLQRIIVLWHDQG&RQWURO
5RRPRSHUDWRUGRVHVEHORZ&)5OLPLWV6HFRQGDU\FRQWDLQPHQWDQG6%*7DUH
QRWUHTXLUHGIRUWKHGHVLJQEDVLVPDLQVWHDPOLQHEUHDNDQGFRQWUROURGGURSDFFLGHQWV
VLQFHUHOHDVHVIURPWKRVHDFFLGHQWVDUHRXWVLGHWKHVHFRQGDU\FRQWDLQPHQW
5.3.2
'HVLJQ%DVLV
D
7KHVHFRQGDU\FRQWDLQPHQWLVGHVLJQHGVRWKDWLWVLQOHDNDJHUDWHLVQRWJUHDWHU
WKDQFIP DSSUR[LPDWHO\EXLOGLQJYROXPHFKDQJHVSHUGD\ XQGHUQHXWUDO
ZLQGFRQGLWLRQVZKHQWKHEXLOGLQJLVVXEMHFWHGWRDQLQWHUQDOQHJDWLYHSUHVVXUHRI
LQRIZDWHU
E
([ILOWUDWLRQIURPVHFRQGDU\FRQWDLQPHQWVKRXOGQRWH[FHHGRQHEXLOGLQJYROXPH
SHUGD\ZLWKZLQGVSHHGRIPLOHVSHUKRXUZKHQLQLWLDOVHFRQGDU\FRQWDLQPHQW
SUHVVXUHLVLQFKZDWHUFROXPQYDFXXPXQGHUFDOPZLQGFRQGLWLRQV
F
7KHVWUXFWXUDOGHVLJQEDVLVLVGLVFXVVHGLQ6HFWLRQ
G
7KH5HDFWRU%XLOGLQJVWUXFWXUHLVGHVLJQHGWRZLWKVWDQGDQLQWHUQDOSUHVVXUHRI
LQRIZDWHUZLWKRXWVWUXFWXUDOIDLOXUHRUSUHVVXUHUHOLHI7KHEXLOGLQJLVHYDOXDWHG
IRUWKHPD[LPXPLQWHUQDOSUHVVXUHVFDXVHGE\D+LJK(QHUJ\/LQH%UHDNZLWKLQWKH
EXLOGLQJ3URYLVLRQVDUHPDGHWRUHOLHYHVHFRQGDU\FRQWDLQPHQWSUHVVXUHWR
SUHYHQWH[FHHGLQJWKHLQWHUQDOSUHVVXUHOLPLWZLWKLQWKHEXLOGLQJLQWKHXQOLNHO\
HYHQWRIDSLSHUXSWXUH5HOLHIGHYLFHV EORZRXWSDQHOV DUHSURYLGHGWRDVVXUH
WKDWUHDFWRUEXLOGLQJVWUXFWXUDOLQWHJULW\ZLOOQRWEHLPSDLUHG
H
0HDQVDUHSURYLGHGIRUH[KDXVWLQJWUHDWHGDLUIURPWKHVHFRQGDU\FRQWDLQPHQW
I
0HDQVDUHSURYLGHGIRUSHULRGLFDOO\PRQLWRULQJWKHOHDNWLJKWQHVVRIWKHUHDFWRU
EXLOGLQJ
J
7KHUHDFWRUEXLOGLQJVWUXFWXUHLVGHVLJQHGDQGFRQVWUXFWHGLQDFFRUGDQFHZLWK
DSSOLFDEOHVWDWHDQGORFDOEXLOGLQJFRGHUHTXLUHPHQWV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
5.3.3
'HVFULSWLRQ
5HDFWRU%XLOGLQJ
7KHVWUXFWXUDODQGVKLHOGLQJGHVLJQIHDWXUHVRIWKHUHDFWRUEXLOGLQJDUHGLVFXVVHGLQ
6HFWLRQ7KHVXEVWUXFWXUHVDQGWKHEXLOGLQJWRWKHOHYHORIWKHUHIXHOLQJIORRU
FRQVLVWRISRXUHGLQSODFHUHLQIRUFHGFRQFUHWH$ERYHWKHOHYHORIWKHUHIXHOLQJIORRU
WKHEXLOGLQJVWUXFWXUHFRQVLVWVRIDVWHHOIUDPHZLWKLQVXODWHGPHWDOVLGLQJDQGEXLOWXS
URRIRQVWHHOGHFNLQJ7KHVLGLQJDQGGHFNLQJKDYHVHDOHGMRLQWV
6HFRQGDU\&RQWDLQPHQW3HQHWUDWLRQV
7KHRSHQLQJVLQWKHVHFRQGDU\FRQWDLQPHQWLQFOXGLQJSHUVRQQHODQGHTXLSPHQW
DFFHVVRSHQLQJVDQGSLSLQJRUGXFWSHQHWUDWLRQVDUHGHVLJQHGWRSURYLGH
FRQWDLQPHQWZKLFKLVFRQVLVWHQWZLWKWKHVHFRQGDU\FRQWDLQPHQWOHDNDJHUDWHV
VSHFLILHGDERYH7RDFFRPSOLVKWKLVGRXEOHLQWHUORFNHGGRRUVZLWKZHDWKHUVWULSW\SH
VHDOVDUHSURYLGHGIRUDFFHVVWRWKHVHFRQGDU\FRQWDLQPHQWIRUERWKSHUVRQQHODQG
HTXLSPHQW6RPHDLUORFNGRRUVFRQWDLQZLQGRZVWRPLQLPL]HFKDOOHQJLQJWKHDLUORFN
LQWHUORFN7KHEULHILQDGYHUWHQWVLPXOWDQHRXVRSHQLQJRIERWKDQLQQHUDQGRXWHU
SHUVRQQHODFFHVVGRRUGXULQJQRUPDOHQWU\DQGH[LWFRQGLWLRQVDQGWKHLUSURPSW
FORVXUHE\QRUPDOPHDQVLVERXQGHGE\WKHUDGLRORJLFDOGRVHFRQVHTXHQFHDQDO\VLV
5HIHUHQFH ,QOHWDQGRXWOHWYHQWLODWLRQGXFWVDUHVHDOHGDWWKHVHFRQGDU\
FRQWDLQPHQWHQFORVXUHSHULPHWHUDQGDUHSURYLGHGZLWKDXWRPDWLFFORVLQJGRXEOH
LVRODWLRQGDPSHUV
5.3.4
5HDFWRU%XLOGLQJ+HDWLQJDQG9HQWLODWLRQ6\VWHPV
1RUPDOYHQWLODWLRQV\VWHPRSHUDWLRQSURYLGHVRXWVLGHDLUWRDOOOHYHOVDQGHTXLSPHQW
URRPVRIWKH5HDFWRU%XLOGLQJ7KLVVXSSO\DLUPD\EHILOWHUHGRUXQILOWHUHGGHSHQGLQJRQ
VHDVRQDOFRQGLWLRQV7KHDLULVH[KDXVWHGWKURXJKDYHQWLODWLRQGXFWWKDWGLVFKDUJHVDW
WKH5HDFWRU%XLOGLQJURRIDOVRNQRZQDVWKH5HDFWRU%XLOGLQJYHQW&RROLQJXQLWV
PDLQWDLQDLUWHPSHUDWXUHVIRUSHUVRQQHOFRPIRUWDQGHTXLSPHQWSURWHFWLRQDVUHTXLUHG
7KHQRUPDOYHQWLODWLRQV\VWHPKDVWKHFDSDFLW\WRSURYLGHDPLQLPXPRIRQHDLUFKDQJH
SHUKRXURIILOWHUHGDLUWRDOOSRUWLRQVRIWKH5HDFWRU%XLOGLQJUHTXLULQJYHQWLODWLRQ
7KH5HDFWRU%XLOGLQJLVSURYLGHGZLWKERWKVXSSO\DQGH[KDXVWYHQWLODWLRQWRHQVXUH
SURSHUDLUIORZGLUHFWLRQDQGUHPRYHWKHKHDWJHQHUDWHGE\WKHHTXLSPHQW$LUIORZLV
GLUHFWHGIURPDUHDVRIOHDVWSRWHQWLDOIRUUDGLRDFWLYHFRQWDPLQDWLRQWRDUHDVRIJUHDWHU
SRWHQWLDOFRQWDPLQDWLRQSULRUWRILQDOH[KDXVWWKURXJKWKH5HDFWRU%XLOGLQJYHQWDV
PHQWLRQHGDERYH
7KHVXSSO\V\VWHPLQFOXGHVIDQVILOWHUVDQGVWHDPKHDWLQJFRLOVWRWHPSHUWKHRXWVLGH
DLULQWKHZLQWHU6WHDPXQLWKHDWHUVDUHIXUQLVKHGRQWKHRSHUDWLQJOHYHOVWRPDLQWDLQ
GHVLUHGWHPSHUDWXUH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
$LUSUHVVXUHLQWKHVHFRQGDU\FRQWDLQPHQWLVPDLQWDLQHGDWDVOLJKWO\QHJDWLYHSUHVVXUH
E\RSHUDWLQJH[KDXVWIDQVDWDKLJKHUUDWLQJWKDQWKHVXSSO\IDQV7KHQHJDWLYH
SUHVVXUHWRJHWKHUZLWKWKHLQWHJULW\RIWKHVHFRQGDU\FRQWDLQPHQWPLQLPL]HVH[ILOWUDWLRQ
IURPWKHVHFRQGDU\FRQWDLQPHQW'XULQJQRUPDORSHUDWLRQLWLVSRVVLEOHIRUVHFRQGDU\
FRQWDLQPHQWWREHPRPHQWDULO\OHVVWKDQWKHUHTXLUHGYDFXXPIRUDQXPEHURIUHDVRQV
VXFKDVKLJKZLQGFRQGLWLRQVRUFKDQJHVWRQRUPDOQRQVDIHW\UHODWHGYHQWLODWLRQ
DOLJQPHQW7KLVLVSHUPLWWHGSURYLGHGDQDQDO\VLVGHWHUPLQHVRQHVWDQGE\JDVWUHDWPHQW
VXEV\VWHPLVFDSDEOHRIHVWDEOLVKLQJWKHUHTXLUHGVHFRQGDU\FRQWDLQPHQWYDFXXP
5HIHUHQFH
%RWKWKHLQOHWDQGRXWOHWYHQWLODWLRQGXFWVRIWKHVHFRQGDU\FRQWDLQPHQWDUHSURYLGHG
ZLWKWZRLVRODWLRQGDPSHUVLQVHULHVZKLFKDUHFORVHGDXWRPDWLFDOO\ZKHQKLJKUDGLDWLRQ
OHYHOVLQWKHUHDFWRUEXLOGLQJYHQWLODWLRQSOHQXPRUKLJKUDGLDWLRQLQWKHDUHDRIWKHIXHO
SRROLVGHWHFWHG)RUWKHGHVLJQEDVLVIXHOKDQGOLQJDFFLGHQWDQDO\VLVXVLQJ$OWHUQDWLYH
6RXUFH7HUPPHWKRGRORJ\KDVGHPRQVWUDWHGWKDWVHFRQGDU\FRQWDLQPHQWLQWHJULW\DQG
RSHUDWLRQRIWKH6WDQGE\*DV7UHDWPHQW6\VWHPDUHQRWUHTXLUHGWRPDLQWDLQRIIVLWHDQG
&RQWURO5RRPRSHUDWRUGRVHVEHORZ&)5OLPLWV$VHFRQGDU\FRQWDLQPHQW
LVRODWLRQLVDOVRLQLWLDWHGZKHQ6*76LVLQLWLDWHGRQORZORZUHDFWRUZDWHUOHYHORUKLJK
GU\ZHOOSUHVVXUH'XULQJWKLVVLWXDWLRQWKHQRUPDOYHQWLODWLRQV\VWHPLVVKXWGRZQDQG
WKHVHFRQGDU\FRQWDLQPHQWLVYHQWLODWHGWKURXJKWKHVWDQGE\JDVWUHDWPHQWV\VWHP7KH
YHQWLODWLRQV\VWHPGDPSHUV¶FORVXUHWLPHLVVHFRUOHVV
7KHGUDZGRZQWLPHLVWKHWLPHSHULRGIROORZLQJWKHVWDUWRIWKHDFFLGHQWGXULQJZKLFK
ORVVRIRIIVLWHSRZHUFDXVHVORVVRIVHFRQGDU\FRQWDLQPHQWYDFXXP UHODWLYHWR
DWPRVSKHULFSUHVVXUH 7KLVLVDVVXPHGWRUHVXOWLQUHOHDVHVIURPSULPDU\FRQWDLQPHQW
GLUHFWO\WRWKHHQYLURQPHQWZLWKRXWILOWHULQJ7KH$OWHUQDWH6RXUFH7HUP $67 SURMHFW
XVHGPLQXWHVIRUWKHSRVLWLYHSUHVVXUHSHULRGDVWKHHVWLPDWHGV\VWHPSHUIRUPDQFH
'XULQJWKHSRVLWLYHSUHVVXUHSHULRGUDGLRQXFOLGHUHPRYDOIURP6WDQGE\*DV7UHDWPHQW
6\VWHP 6%*7 RSHUDWLRQLVQRWFUHGLWHG$QHYDOXDWLRQRIWKHVHFRQGDU\FRQWDLQPHQW
GUDZGRZQWLPHZDVFRPSOHWHG7KHGUDZGRZQFDOFXODWLRQXVLQJ*27+,&FRGHDQGD
VLQJOHOXPSHGQRGHGHWHUPLQHGWKDWWKHSRVLWLYHSUHVVXUHSHULRGZDVOHVVWKDQ
PLQXWHV 5HIHUHQFH
7KHUHDFWRUEXLOGLQJYHQWLVSURYLGHGZLWKZLGHUDQJHUDGLDWLRQPRQLWRUV7KHPRQLWRULV
XVHGWRTXDQWLI\QREOHJDVUHOHDVHVGXULQJQRUPDORSHUDWLRQDQGGXULQJWKHFRXUVHRIDQ
DFFLGHQW6HH6HFWLRQIRUGHWDLOV
6WDQGE\*DV7UHDWPHQW6\VWHP 6*76
7KHVWDQGE\JDVWUHDWPHQWV\VWHPLVSURYLGHGWRPDLQWDLQZKHQHYHUVHFRQGDU\
FRQWDLQPHQWLVRODWLRQFRQGLWLRQVH[LVWDVPDOOQHJDWLYHSUHVVXUHWRPLQLPL]HJURXQG
OHYHOHVFDSHRIDLUERUQHUDGLRDFWLYLW\ 6HH'UDZLQJ1+6HFWLRQ )LOWHUV
DUHSURYLGHGLQWKHV\VWHPWRUHPRYHUDGLRDFWLYHSDUWLFXODWHVDQGFKDUFRDO
DGVRUEHUVDUHSURYLGHGWRUHPRYHUDGLRDFWLYHKDORJHQV$OOIORZIURPWKHVWDQGE\
JDVWUHDWPHQWV\VWHPLVUHOHDVHGWKURXJKWKHHOHYDWHGRIIJDVYHQWVWDFNDQG
FRQWLQXRXVO\PRQLWRUHGE\WKHVWDFNJDVPRQLWRULQJV\VWHPDVGHVFULEHGLQ6HFWLRQ
7KH6*76LQLWLDWLRQPRQLWRUVDUHGHVFULEHGLQ6HFWLRQVDQG
,QDGGLWLRQWKH6*76LVLQLWLDWHGYLDSULPDU\FRQWDLQPHQWLVRODWLRQORJLFGXHWRORZ
ORZUHDFWRUZDWHUOHYHORUKLJKGU\ZHOOSUHVVXUH7KHV\VWHPPD\DOVREHXVHGWR
YHQWWKHSULPDU\FRQWDLQPHQWGXULQJSODQWRSHUDWLRQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
7KHV\VWHPLVVL]HGWRSURYLGHXSWRFIPH[KDXVWIURPWKHVHFRQGDU\
FRQWDLQPHQWZLWKDQHJDWLYHHQFORVXUHLQWHUQDOSUHVVXUHRIDWOHDVWLQRIZDWHU
XQGHUFDOPZLQGFRQGLWLRQV7ZRVHSDUDWHIXOOFDSDFLW\ILOWHUDGVRUEHUIDQXQLWVDUH
SURYLGHG,IRQHXQLWIDLOVWRIXQFWLRQSURSHUO\WKHRWKHUXQLWLVVWDUWHGDXWRPDWLFDOO\
$WLPHGHOD\SUHYHQWVWKH%7UDLQIURPVWDUWLQJLIWKH$7UDLQDFKLHYHVIORZRQLQLWLDO
6*76LQLWLDWLRQ%RWKXQLWVUHFHLYHSRZHUIURPWKH(VVHQWLDO3RZHU'LVWULEXWLRQ
&HQWHU5HPRWHPDQXDOFRQWUROLVDYDLODEOHIRUDOOIXQFWLRQV
7KHWZRILOWHUDGVRUEHUXQLWVDUHSK\VLFDOO\VHSDUDWHGZLWKLQWKH6*76URRPE\
YHUWLFDODQGKRUL]RQWDOFRQFUHWHZDOOV7KHVHZDOOVDFWDVILUHUHWDUGDQWEDUULHUVDV
ZHOODVSURYLGLQJSURWHFWLRQIRU%WUDLQILOWHUVIURPLQWHUQDOO\JHQHUDWHGPLVVLOHV
(DFKVWDQGE\JDVWUHDWPHQWXQLWKDVWKHIROORZLQJPDMRUFRPSRQHQWV
D
'HPLVWHUDQGDSUHKHDWHUWRUHGXFHUHODWLYHKXPLGLW\7KHKHDWHUIXQFWLRQZDV
GHWHUPLQHGWRQRWEHUHTXLUHGIRULRGLQHUHPRYDOHIILFLHQF\VLQFHWKHFKDUFRDOLV
WHVWHGDW KXPLGLW\
E
7ZRKLJKHIILFLHQF\ILOWHUVZLWKUHTXLUHGFDSDELOLW\IRUUHPRYLQJDWOHDVW
SHUFHQWRISDUWLFOHVODUJHUWKDQPLFURQ7KHILOWHUVDUHGHVLJQHGWR
ZLWKVWDQG)PD[LPXPWHPSHUDWXUH
F
&RLPSUHJQDWHG SRWDVVLXPLRGLQHWULHWK\OHQHGLDPLQH FKDUFRDODGVRUEHU
UHTXLUHGWRUHPRYHDWOHDVW SHUFHQWRILRGLQHXQGHUHQWHULQJFRQGLWLRQVRI
SHUFHQW5+DQG)&RLPSUHJQDWHGFKDUFRDOLVVSHFLILHGEHFDXVHLW
SURYLGHVJUHDWHUUHVLVWDQFHWRDJLQJDQGVROYHQWSRLVRQLQJDQGWKHUHIRUHZLOO
LPSURYHDGVRUEHUSHUIRUPDQFH&DUERQVDPSOHVDUHSHULRGLFDOO\UHPRYHGIRU
DQDO\VLV+LJKWHPSHUDWXUHFDUERQ ) LVVSHFLILHG
$XWRPDWLFUHPRWHO\FRQWUROOHGYDOYHVSURYLGHIRULVRODWLRQRIHDFKVWDQGE\JDV
WUHDWPHQWXQLW0HDQVDUHSURYLGHGWRGUDZDLULQWRWKHILOWHUDGVRUEHUWRUHPRYH
UDGLRDFWLYHGHFD\KHDW
,QVWUXPHQWDWLRQLVSURYLGHGWRPHDVXUHDLUIORZWHPSHUDWXUHSUHVVXUHYDOYH
SRVLWLRQVDQGIDQRSHUDWLRQV,QVWUXPHQWDWLRQDQGFRQWUROVIRUWKHWZRILOWHUWUDLQVDUH
VHSDUDWHGWRSUHYHQWIDLOXUHRIWKHV\VWHPGXHWRORFDOL]HGGDPDJH
5.3.5
3HUIRUPDQFH$QDO\VLV
7KHVHFRQGDU\FRQWDLQPHQWSURYLGHVDFRQWDLQPHQWV\VWHPIRUWKHSRWHQWLDOUHOHDVHV
ZKLFKPD\RFFXUZLWKLQLW7KLVLVDFFRPSOLVKHGE\DORZOHDNDJHHQFORVXUHDQGD
VWDQGE\JDVWUHDWPHQWV\VWHPZKLFKKDVDFDSDFLW\JUHDWHUWKDQWKHLQOHDNDJHUDWH
7KLVV\VWHPSXULILHVDLUIURPWKHVHFRQGDU\FRQWDLQPHQWDQGH[KDXVWVLWWRWKHRXWVLGH
E\PDLQWDLQLQJDQHJDWLYHSUHVVXUHLQWKHFRQWDLQPHQWUHODWLYHWRRXWVLGHDQGDVVXULQJ
WKDWOHDNDJHIORZVLQWRWKHVHFRQGDU\FRQWDLQPHQWDQGQRVLJQLILFDQWH[ILOWUDWLRQRI
XQWUHDWHGJDVHVH[LVWV7KHIDQVDUHGHVLJQHGWRDFKLHYHDPLQLPXPRILQZDWHURI
QHJDWLYHSUHVVXUHZLWKLQWKHVHFRQGDU\FRQWDLQPHQWHQFORVXUH7KHQRUPDOIXOORSHQ
RSHUDWLRQRIWKHIORZFRQWUROYDOYHVSURYLGHVH[KDXVWDGHTXDWHWRPDLQWDLQWKHGHVLUHG
QHJDWLYHSUHVVXUH
Withheld Security-Related Information MONTICELLO UPDATED SAFETY ANALYSIS REPORT SECTION5 CONTAINMENT SYSTEM USAR-05 Revision 37 Page 81 of 119 Maximum and minimum calculated secondary containment exfiltration rates as functions of wind velocity are provided in Figure 5.3-2. This data indicates that when secondary containment pressure starts at 0.25 inch water column vacuum for calm wind conditions, at wind velocities up to 35 mph, there is little exfiltration from the reactor building. If secondary containment pressure is higher (closer to atmospheric pressure),
then exfiltration starts at lower wind speed. The calculations indicate that the exfiltration rate is almost directly proportional to the initial in-leakage rate for a negative building pressure. These analyses also indicate that the exfiltration rate could be many orders of magnitude larger, due to higher wind speed, without increasing the post-accident doses above the limits set in 10CFR50.67.
Analyses have been performed to determine the radiological effects of various pipe breaks in the reactor building. The most limiting of these breaks, the main steam line break, is included in Section 14.7.3.
For an evaluation of environmental conditions for postulated high energy line pipe breaks in the reactor building refer to Appendix I.
Except for a main steam line break, postulated high energy line breaks in the reactor building can not cause structural damage to primary or secondary containment structures or components required for safe shutdown. Primary or secondary leak tightness is not assured for a high energy line break since the resulting pressure may blow open the reactor building railroad doors or adversely affect primary containment isolation valves. Leak tightness of these structures is not required to place the plant in a safe shutdown condition following a high energy line break in the reactor building or limit the radiological consequences of the break to within the guidelines of 1 0CFR50.67 or 10CFR Part 50, Appendix A, GDC 19.
These blowout panels are designed to fall out at a differential pressure of less than 0.25 psi (7 in. of water) and would require resealing after blowout. Each of the two panels has an equivalent area of 75 fi2. Steam flow is shown in Figure 14.6-6 of the FSAR. Venting of this quantity of steam within the turbine building does not require relief devices for building integrity. Other features are utilized to protect individual equipment cubicles, however, no other line failure releases sufficient energy to require building relief protection.
Analysis of the design basis Fuel Handling Accident (FHA) using Alternative Source Term methodology has demonstrated that secondary containment integrity is not required to maintain offsite and Control Room Operator doses below 10CFR50.67 limits (reference USAR Section 14.7.6). MNGP has committed to providing secondary containment closure controls that are in effect whenever secondary containment penetrations are open with movement of irradiated fuel assemblies in progress (Reference 159) (MNGP Commitment M04003A). Procedures for response to a fuel-handling accident will direct that secondary containment penetrations are closed expeditiously.
Withheld Security-Related Information
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
6HFWLRQRI5HIHUHQFHGRFXPHQWVWKDWXVHRI$5(9$IXHOGRHVQRWLPSDFWWKH
GHVLJQEDVLV)+$DQDO\VHV7KLVLVIXUWKHUVXEVWDQWLDWHGE\86$5ZKLFK
LQFOXGHV)+$UHVXOWVIRU$5(9$$75,80;0
,QWHJUDWHGGRVHFDOFXODWLRQVKDYHEHHQPDGHIRUFRPSRQHQWVRIWKHVWDQGE\JDV
WUHDWPHQWV\VWHP 6*76 WRGHWHUPLQHH[SRVXUHWRFRPSRQHQWVRIWKHV\VWHPIROORZLQJ
DGHVLJQEDVLVDFFLGHQW7KHERXQGLQJSRVW/2&$FRPSRQHQWKHDGORDGVIRUDVLQJOH
6%*7WUDLQDUHZDWWVIRUWKHXSVWUHDP+(3$ILOWHUEDQNDQGZDWWVIRUWKH
FKDUFRDODGVRUEHUEDQN 5HIHUHQFH
7KHSHUIRUPDQFHRIWKH6WDQGE\*DV7UHDWPHQW6\VWHPZDVFRQILUPHGWREHZLWKLQWKH
FRQVWUDLQWVRIWKHERXQGLQJ$OWHUQDWH6RXUFH7HUP $67 HYDOXDWLRQVRIWKHVHV\VWHPV
ZKLFKDUHGHWDLOHGLQWKH/LFHQVLQJ7RSLFDO5HSRUWIRU&RQVWDQW3UHVVXUH3RZHU8SUDWHV
5HIHUHQFHVDQG 7KHSRVW/2&$LRGLQHORDGLQJRQWKHFKDUFRDOLVZHOOZLWKLQ
WKHJXLGHOLQHVRI5HJXODWRU\*XLGHDQGWKHFKDUFRDOUHPRYDOHIILFLHQF\IRU
UDGLRLRGLQHLVQRWDIIHFWHGE\RSHUDWLRQXSWR0:W7KHFRROLQJDLUIORZUHTXLUHGWR
PDLQWDLQV\VWHPFRPSRQHQWVEHORZRSHUDWLQJWHPSHUDWXUHOLPLWVLVZHOOEHORZWKH
FRROLQJIORZFDSDELOLW\RIWKHV\VWHP,QDGGLWLRQWKH6%*7IORZFDSDFLW\LVQRW
DGYHUVHO\DIIHFWHGE\WKH+(3$ILOWHUORDGLQJ 6HFWLRQVDQGRI
5HIHUHQFH
7KH6%*7SHUIRUPDQFHDVVXPSWLRQVXVHGLQWKH/2&$UDGLRORJLFDOFRQVHTXHQFHV
DQDO\VLVDUHLQFOXGHGLQ86$56HFWLRQ
5.3.6
,QVSHFWLRQDQG7HVWLQJ
7KHVHFRQGDU\FRQWDLQPHQWOHDNDJHUDWHLVWHVWHGE\LVRODWLQJWKHVHFRQGDU\
FRQWDLQPHQWRSHUDWLQJWKHVWDQGE\JDVWUHDWPHQWV\VWHPDQGWULSSLQJWKH5HDFWRU
%XLOGLQJ3OHQXPDQG5DGZDVWH%XLOGLQJ([KDXVW)DQV7ULSSLQJWKH5HDFWRU%XLOGLQJ
3OHQXPDQG5DGZDVWH%XLOGLQJ([KDXVW)DQVHQVXUHVWKDWRQO\WKH6WDQGE\*DV
7UHDWPHQW6\VWHP)DQVFRQWULEXWHWRDFKLHYLQJLQRIYDFXXPDQGQRVLJQLILFDQW
E\SDVVRIWKH6WDQGE\*DV7UHDWPHQW6\VWHPRFFXUV7KH6WDQGE\*DV7UHDWPHQW
6\VWHPIORZFRQWUROYDOYHLVQRUPDOO\IXOORSHQWRREWDLQPD[LPXPIORZ EXWOHVVWKDQ
FIP DQGPD\EHDGMXVWHGWRUHGXFHIORZIRUGHWHUPLQDWLRQRIOLPLWLQJFRQGLWLRQV
7KHUDWHDWZKLFKDLULVH[KDXVWHGWKURXJKWKHV\VWHPDVPHDVXUHGE\WKHIORZ
LQGLFDWRULQGLFDWHVEXLOGLQJLQOHDNDJH(DFKWUDLQRIWKH6*76LVUHTXLUHGWRPDLQWDLQ
DWOHDVWLQRIZDWHUQHJDWLYHSUHVVXUHUHODWLYHWRDWPRVSKHUHPHDVXUHGDWJUDGH
ZLWKQRFRUUHFWLRQIRUVWDFNHIIHFW'DWDIURPWKLVWHVWLVKRZHYHUFRUUHFWHGWRFDOP
ZLQGFRQGLWLRQV Y PSK
3HULRGLFWHVWLQJFDQEHSHUIRUPHGGXULQJQRUPDOSODQWRSHUDWLRQE\RSHUDWLQJHDFKIDQ
DQGDOOFRQWUROV3URYLVLRQVDUHPDGHIRUSHULRGLFWHVWVRIHDFKILOWHUXQLWDW
DSSUR[LPDWHO\IXOOIORZFDSDFLW\7KHVHWHVWVLQFOXGHGHWHUPLQDWLRQVRIGLIIHUHQWLDO
SUHVVXUHDFURVVHDFKILOWHUDQGRIILOWHUHIILFLHQF\&RQQHFWLRQVIRUWHVWLQJVXFKDV
LQMHFWLRQDQGVDPSOLQJDUHORFDWHGWRSURYLGHDGHTXDWHPL[LQJRIWKHLQMHFWHGIOXLGDQG
UHSUHVHQWDWLYHVDPSOLQJDQGPRQLWRULQJVRWKDWWHVWUHVXOWVDUHLQGLFDWLYHRI
SHUIRUPDQFH
/DERUDWRU\DQDO\VLVRIDUHSUHVHQWDWLYHVDPSOHRIWKHFKDUFRDODGVRUEHULVSHUIRUPHGLQ
DFFRUGDQFHZLWK5HJXODWRU\*XLGH 5* UHYLVLRQ$GVRUEHUVDPSOHVDUH
REWDLQHGE\HLWKHUUHPRYLQJDWHVWFDQLVWHURUE\DOWHUQDWHVDPSOLQJLQDFFRUGDQFHZLWK
5*UHYLVLRQZKLFKSHUPLWVVDPSOLQJSHU$60(1 $SSHQGL[,7KH
VDPSOHVDUHWHVWHGDW KXPLGLW\GHJUHHV&HOVLXV GHJUHHV)DKUHQKHLW
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
+HDWHUWHVWLQJUHTXLUHPHQWVZHUHUHPRYHGDVSDUWRILPSOHPHQWDWLRQRI767)
5HYLVH9HQWLODWLRQ6\VWHP6XUYHLOODQFH5HTXLUHPHQWVWR2SHUDWHIRU+RXUVSHU
0RQWK5*UHYLVLRQVWDWHVKXPLGLW\FRQWUROLVDFFRXQWHGIRUZKHQWHVWLQJ
FKDUFRDODW UHODWLYHKXPLGLW\6LQFHWKH9HQWLODWLRQDQG)LOWHU7HVWLQJ3URJUDPWHVWV
WKHFKDUFRDODW UHODWLYHKXPLGLW\WKHLQOLQHKHDWHUVDUHQRWUHTXLUHG7KHVWDQGE\
JDVWUDLQVDUHRSHUDWHGSHUWKH6XUYHLOODQFH)UHTXHQF\&RQWURO3URJUDPIRUDWOHDVW
PLQXWHVWRGHPRQVWUDWHWKHHTXLSPHQWDQGFRQWUROVDUHIXQFWLRQLQJSURSHUO\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
5.4 5HIHUHQFHV
- HQHUDO(OHFWULFUHSRUW1('(³0DUN,&RQWDLQPHQW3URJUDP0DUN,
- HWZHOOWR'U\ZHOO9DFXXP%UHDNHU)XQFWLRQDO5HTXLUHPHQWV7DVN ':/
- ROIH$SULO
187(&+UHSRUW163³0RQWLFHOOR7RUXVWR'U\ZHOO9DFXXP%UHDNHU
5HTXLUHPHQWV''HFHPEHU
%RGHJD%D\3UHOLPLQDU\+D]DUGV6XPPDU\5HSRUW$SSHQGL[³3UHVVXUH
6XSSUHVVLRQ7HVW3URJUDP''RFNHW'HFHPEHU
'HOHWHG
'HOHWHG
&KLFDJR%ULGJH ,URQ5HSRUW³/RDGVRQ6SKHULFDO6KHOOV'37KXOOHQ2DN%URRN
(QJLQHHULQJ'HSDUWPHQW$XJXVW
- HQHUDO(OHFWULFUHSRUW1('& ³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW7HUP
3URJUDP)LQDO5HSRUW9ROXPH,3URJUDP'HVFULSWLRQDQG6XPPDU\RI
&RQFOXVLRQV'-0+XPSKUH\HWDO6HSWHPEHU
- HQHUDO(OHFWULFUHSRUW1('& 3³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW
7HUP3URJUDP)LQDO5HSRUW9ROXPH,,/2&$5HODWHG+\GURG\QDPLF/RDGV'5+
%XFKKRO]HWDO6HSWHPEHU
- HQHUDO(OHFWULFUHSRUW1('& 3³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW
7HUP3URJUDP)LQDO5HSRUW9ROXPH,,,/RDG$SSOLFDWLRQDQG6FUHHQLQJRI
6WUXFWXUDO(OHPHQWV'-0+XPSKUH\HWDO6HSWHPEHU
*HQHUDO(OHFWULFUHSRUW1('& 3³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW
7HUP3URJUDP)LQDO5HSRUW9ROXPH,96WUXFWXUDO(YDOXDWLRQ'6HSWHPEHU
*HQHUDO(OHFWULFUHSRUW1('& ³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW7HUP
3URJUDP)LQDO5HSRUW9ROXPH9,QGHSHQGHQW$VVHVVPHQWRIWKH0DUN,6KRUW7HUP
3URJUDP'6HSWHPEHU
*HQHUDO(OHFWULFUHSRUW1('& 3$³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW
7HUP3URJUDP)LQDO5HSRUW$GGHQGXPWR9ROXPH,96WUXFWXUDO(YDOXDWLRQ'
1RYHPEHU
*HQHUDO(OHFWULFUHSRUW1('& ³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW7HUP
3URJUDP)LQDO5HSRUW$GGHQGXP/RDGVDQG7KHLU$SSOLFDWLRQIRU7RUXV6XSSRUW
6\VWHP(YDOXDWLRQ'-XQH
*HQHUDO(OHFWULFUHSRUW1('& 3³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW7HUP
3URJUDP)LQDO5HSRUW$GGHQGXP9HQW+HDGHUDQG9HQW3LSH,PSDFW/RDG'6
.D\KDQHWDO$XJXVW
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
*HQHUDO(OHFWULFUHSRUW1('& $³0DUN,&RQWDLQPHQW(YDOXDWLRQ6KRUW
7HUP3URJUDP)LQDO5HSRUW$GGHQGXP5HYLVLRQVWR9ROXPH,96WUXFWXUDO
(YDOXDWLRQ'1RYHPEHU
187(&+UHSRUW0.³'HVFULSWLRQRI6KRUW7HUP3URJUDP3ODQW8QLTXH
7RUXV6XSSRUW6\VWHPVDQG$WWDFKHG3LSLQJ$QDO\VLV'5HYLVLRQ-XQH
*HQHUDO(OHFWULF /-6RERQ OHWWHUWRWKH15& 96WHOOR ³0DUN,6KRUW7HUP3URJUDP
5HSRUW4XHVWLRQV'GDWHG2FWREHU
185(*³0DUN,&RQWDLQPHQW6KRUW7HUP3URJUDP6DIHW\(YDOXDWLRQ'
'HFHPEHU
*HQHUDO(OHFWULF /-6RERQ OHWWHUWRWKH15& 96WHOOR ³0DUN,&RQWDLQPHQW
3URJUDP3URJUDP$FWLRQ3ODQ5HYLVLRQ'GDWHG)HEUXDU\
*HQHUDO(OHFWULFUHSRUW³0DUN,&RQWDLQPHQW3URJUDP3URJUDP$FWLRQ3ODQ5HYLVLRQ
')HEUXDU\
*HQHUDO(OHFWULFUHSRUW1('2³0DUN,&RQWDLQPHQW3URJUDP/RDG'HILQLWLRQ
5HSRUW''HFHPEHU
*HQHUDO(OHFWULFUHSRUW1('2³$FFHSWDQFH&ULWHULD3ODQW8QLTXH$QDO\VLV
$SSOLFDWLRQV*XLGH7DVN1XPEHU'2FWREHU
185(*³6DIHW\(YDOXDWLRQ5HSRUW0DUN,&RQWDLQPHQW/RQJ7HUP3URJUDP
5HVROXWLRQRI*HQHULF7HFKQLFDO$FWLYLW\$'-XO\
*HQHUDO(OHFWULFUHSRUW1('0³0DUN,,,&RQILUPDWRU\7HVW3URJUDP3KDVH,
/DUJH6FDOH'HPRQVWUDWLRQ7HVW7HVW6HULHVWKURXJK'//0\HUV75
0F,QW\UHDQG5-(UQVW2FWREHU
*HQHUDO(OHFWULFUHSRUW1('(3³7HVW5HVXOWV(PSOR\HGE\*(IRU%:5
&RQWDLQPHQWDQG9HUWLFDO9HQW/RDGV'7<)XNXVKLPDDQGRWKHUV2FWREHU
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP6FDOH
3ODQW8QLTXH7HVWV7DVN1XPEHU6HULHV'9ROXPHV0DLQ5HSRUW$SULO
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP6FDOH
3UHVVXUH6XSSUHVVLRQ3RRO6ZHOO7HVW3URJUDP 6FDOLQJ(YDOXDWLRQ7DVN1XPEHU
''/*DO\DUGW&*+D\HVDQG6/.XVKPDQ-DQXDU\
(OHFWULF3RZHU5HVHDUFK,QVWLWXWHUHSRUW(35,13 ³7KUHH'LPHQVLRQDO3RRO
6ZHOO0RGHOLQJRID0DUN,6XSSUHVVLRQ6\VWHP'5/.LDQJDQG%-*URVVL2FWREHU
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP&RPSDULVRQ
RI*(DQG(35,7RUXV/RDG7HVW5HVXOWV7DVN1XPEHU')HEUXDU\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP6FDOH
3UHVVXUH6XSSUHVVLRQ3RRO6ZHOO7HVW3URJUDP /'5/RDG7HVWV*HQHULF
6HQVLWLYLW\7DVN1XPEHU6HULHV''HFHPEHU
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,,,&RQILUPDWRU\7HVW3URJUDP
6FDOH3RRO6ZHOO,PSDFW7HVWV7HVW6HULHV'750F,QW\UHHWDO$XJXVW
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP)XOO6FDOH
7HVW3URJUDP)LQDO5HSRUW7DVN1XPEHU'*:)LW]VLPPRQVHWDO$SULO
15& '*(LVHQKXW *HQHULF/HWWHU ³&RQILUPDWRU\5HTXLUHPHQWV5HODWLQJWR
&RQGHQVDWLRQ2VFLOODWLRQ/RDGVIRUWKH0DUN,&RQWDLQPHQW/RQJ7HUP3URJUDP'
GDWHG2FWREHU
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP$QDO\VLVRI
)XOO6FDOH7HVW)DFLOLW\IRU&RQGHQVDWLRQ2VFLOODWLRQ/RDGLQJ7DVN'-XO\
*HQHUDO(OHFWULF /-6RERQ OHWWHUWRWKH15& '*(LVHQKXW ³0DUN,&RQWDLQPHQW
3URJUDP$GGLWLRQDO,QIRUPDWLRQRQ1('20DUN,&RQWDLQPHQW3URJUDP/RDG
'HILQLWLRQ5HSRUW'6HSWHPEHU
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW/RQJ7HUP3URJUDP
'HYHORSPHQWRI'RZQFRPHU/DWHUDO/RDGVIURP)XOO6FDOH7HVW)DFLOLW\'DWD7DVN
1XPEHU'0D\
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP)LQDO5HSRUW
0RQWLFHOOR74XHQFKHU7HVW'5$$VLDHWDO-XO\
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP6FDOH
74XHQFKHU7HVW7DVN1XPEHU'&76DZ\HUHWDO'HFHPEHU
*HQHUDO(OHFWULFUHSRUW1('( 3³$QDO\WLFDO0RGHOIRU&RPSXWLQJ7UDQVLHQW
3UHVVXUHVDQG)RUFHVLQWKH6DIHW\5HOLHI9DOYH'LVFKDUJH/LQH0DUN,&RQWDLQPHQW
3URJUDP7DVN1XPEHU'$-:KHHOHU)HEUXDU\
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP7RSLFDO
5HSRUW$GGHQGXP&RPSDULVRQRI$QDO\WLFDO0RGHOIRU&RPSXWLQJ6DIHW\5HOLHI
9DOYH'LVFKDUJH/LQH7UDQVLHQW3UHVVXUHVDQG)RUFHVWR0RQWLFHOOR74XHQFKHU7HVW
'DWD7DVN1XPEHU'$-:KHHOHUDQG'$'RXJKHUW\)HEUXDU\
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP$QDO\WLFDO
0RGHOIRU&RPSXWLQJ$LU%XEEOHDQG%RXQGDU\3UHVVXUHV5HVXOWLQJIURPDQ659
'LVFKDUJH7KURXJKD74XHQFKHU'HYLFH7DVN1XPEHU'39DODQGDQLDQG:
7+VLDR-DQXDU\
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP6FDOLQJ
$QDO\VLVIRU0RGHOLQJ,QLWLDO$LU&OHDULQJ&DXVHGE\5HDFWRU6DIHW\5HOLHI9DOYH
'LVFKDUJH'56FKULP)HEUXDU\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
*HQHUDO(OHFWULFUHSRUW$³,QWHULP&RQWDLQPHQW/RDGV5HSRUW ,&/5 0DUN,,,
&RQWDLQPHQW'5HYLVLRQ2FWREHU
3HQQV\OYDQLD3RZHUDQG/LJKW&RPSDQ\ 1:&XUWLV OHWWHUWRWKH15& 2'3DUU
³5HYLVLRQVWR6XVTXHKDQQD6WHDP(OHFWULF6WDWLRQ)LQDO6DIHW\$QDO\VLV5HSRUW
&KDSWHU66(64XHQFKHU9HULILFDWLRQ7HVW' 3URSULHWDU\ 'RFNHW1XPEHU
$SULO
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP$QDO\WLFDO
0RGHOIRU&RPSXWLQJ:DWHU5LVHLQD6DIHW\5HOLHI'LVFKDUJH/LQH)ROORZLQJ9DOYH
&ORVXUH7DVN'$-:KHHOHUDQG'$'RXJKHUW\2FWREHU
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP0RQWLFHOOR
74XHQFKHU7KHUPDO0L[LQJ7HVW)LQDO5HSRUW7DVN1XPEHU'%-3DWWHUVRQ
$SULO
*HQHUDO(OHFWULFUHSRUW1('(³$QDO\WLFDO0RGHOIRU/LTXLG-HW3URSHUWLHVIRU
3UHGLFWLQJ)RUFHVRQ5LJLG6XEPHUJHG6WUXFWXUHV')-0RRG\6HSWHPEHU
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP6FDOH
7HVW5HSRUW/RDGVRQ6XEPHUJHG6WUXFWXUHV'XHWR/2&$$LU%XEEOHVDQG:DWHU
-HWV'6HSWHPEHU
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP6XEPHUJHG
6WUXFWXUHV0RGHO0DLQ9HQW$LU'LVFKDUJHV(YDOXDWLRQ5HSRUW7DVN1XPEHU'
6//LXDQG/(/DVKHU0DUFK
*HQHUDO(OHFWULFUHSRUW1('2³$QDO\WLFDO0RGHOIRU(VWLPDWLQJ'UDJ)RUFHV
RQ5LJLG6XEPHUJHG6WUXFWXUHV&DXVHGE\&RQGHQVDWLRQ2VFLOODWLRQVDQG&KXJJLQJ
0DUN,&RQWDLQPHQW'/(/DVKHU$SULO
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP$QDO\WLFDO
0RGHOIRU74XHQFKHU:DWHU-HW/RDGVRQ6XEPHUJHG6WUXFWXUHV7DVN')7
'RGJH0D\
*HQHUDO(OHFWULFUHSRUW1('2³$QDO\WLFDO0RGHOIRU(VWLPDWLQJ'UDJ
)RUFHVRQ5LJLG6XEPHUJHG6WUXFWXUHV&DXVHGE\/2&$DQG6DIHW\5HOLHI9DOYH
5DPVKHDG$LU'LVFKDUJHV'/(/DVKHU$SULO
*HQHUDO(OHFWULFUHSRUW1('&³0DUN,&RQWDLQPHQW3URJUDP6HLVPLF6ORVK
(YDOXDWLRQ0DUN,&RQWDLQPHQW3URJUDP7DVN1XPEHU'60$ULDQ0DUFK
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP'RZQFRPHU
5HGXFHG6XEPHUJHQFH)XQFWLRQDO$VVHVVPHQW5HSRUW7DVN1XPEHU'.:
- RQJ-XQH
*HQHUDO(OHFWULFUHSRUW1('0³/RQJ7HUP$SSOLFDWLRQRI'U\ZHOO:HWZHOO
'LIIHUHQWLDO3UHVVXUH&RQWURO'/'6WHLQDUW0DUFK
*HQHUDO(OHFWULFUHSRUW1('(3³0DUN,&RQWDLQPHQW3URJUDP/LPLW
$QDO\VLVRI'RZQFRPHU5LQJ+HDGHU,QWHUVHFWLRQ'-XO\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
*HQHUDO(OHFWULFUHSRUW1('2 ³$QDO\VLVWR-XVWLI\,QFUHDVHG$OORZDEOH
6WUHVVHVIRUWKH0DUN,9HQW+HDGHU:KHQ6XEMHFWHGWR3RRO6ZHOO,PSDFW/RDGLQJ
7DVN1XPEHU'53.HQQHG\HWDO0D\
*HQHUDO(OHFWULFUHSRUW1('2 ³0DUN,&RQWDLQPHQW3URJUDP%DVLF7RUXV
6KHOO$QDO\VLV7DVN1XPEHU')HEUXDU\
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,6FDOH3UHVVXUH6XSSUHVVLRQ
3RRO6ZHOO7HVW3URJUDP 3KDVH,97HVWV''/*DO\DUGW0DUFK
*HQHUDO(OHFWULFUHSRUW1('( 3³0DUN,&RQWDLQPHQW3URJUDP6FDOH
3UHVVXUH6XSSUHVVLRQ3RRO6ZHOO7HVW3URJUDP'RZQORDG2VFLOODWLRQ7DVN
1XPEHU'6HSWHPEHU
*HQHUDO(OHFWULFUHSRUW1('2³0DUN,&RQWDLQPHQW3URJUDP9HQW+HDGHU
'HIOHFWRU/RDG'HILQLWLRQ7DVN':.HQQHG\DQG9.XONDUQL$SULO
*HQHUDO(OHFWULFUHSRUW1('(3³5LJLGDQG)OH[LEOH9HQW+HDGHU7HVWLQJLQ
WKH4XDUWHU6FDOH7HVW)DFLOLW\0DUN,&RQWDLQPHQW3URJUDP7DVN':
.HQQHG\HWDO0DUFK
'HOHWHG
'HOHWHG
³(OHPHQWDU\)OXLG0HFKDQLFV'9HQQDUGS
³-RXUQDORI6WUXFWXUDO'LYLVLRQ'$6&(3DSHUV -XO\
251/16,&9,³865HDFWRU&RQWDLQPHQW7HFKQRORJ\$&RPSLODWLRQRI&XUUHQW
3UDFWLFHLQ$QDO\VLV'HVLJQ&RQVWUXFWLRQ7HVWDQG2SHUDWLRQ'2DN5LGJH1DWLRQDO
/DERUDWRU\DQG%HFKWHO$XJXVW 6HFWLRQ³+\GURJHQ2[\JHQ
5HDFWLRQ'S)LJXUHD
'HOHWHG
'HOHWHG
'HOHWHG
'HOHWHG
187(&+UHSRUWV163WKURXJK³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW
8QLTXH$QDO\VLV5HSRUW'5HYLVLRQ1RYHPEHU
*HQHUDO(OHFWULFUHSRUW1('2³0DUN,&RQWDLQPHQW3URJUDP3ODQW8QLTXH
/RDG'HILQLWLRQ0RQWLFHOOR1XFOHDU3RZHU3ODQW'5HYLVLRQ2FWREHU
'HOHWHG
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
187(&+UHSRUW163³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW3ODQW8QLTXH
$QDO\VLV5HSRUW7RUXV$WWDFKHG3LSLQJDQG6XSSUHVVLRQ&KDPEHU3HQHWUDWLRQV'
5HYLVLRQ0D\
15& '*(LVHQKXW *HQHULF/HWWHU³0RGLILFDWLRQRI9DFXXP%UHDNHUVRQ
0DUN,&RQWDLQPHQW'GDWHG)HEUXDU\
*HQHUDO(OHFWULF +3IHIIHUOHQ OHWWHU0)1 WRWKH15& '9DVVDOOR
WUDQVPLWWLQJRQEHKDOIRIWKH0DUN,2ZQHUV³0DUN,9DFXXP%UHDNHU,PSURYHG9DOYH
'\QDPLF0RGHO0RGHO'HYHORSPHQWDQG9DOLGDWLRQ&',7HFKQLFDO1RWH1R
$XJXVW 'GDWHG2FWREHU
163 '00XVROI OHWWHUWRWKH15&³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW(YDOXDWLRQ
RIWKH0RQWLFHOOR:HWZHOOWR'U\ZHOO9DFXXP%UHDNHU9DOYHV'GDWHG$SULO
1630OHWWHU/07 0$6FKLPPHO WR15&0RQWLFHOOR([WHQGHG3RZHU
8SUDWHDQG0D[LPXP([WHQGHG/RDG/LQH/LPLW$QDO\VLV3OXV/LFHQVH$PHQGPHQW
5HTXHVWV 6XSSOHPHQWWR$GGUHVV6(&<8VHRI&RQWDLQPHQW$FFLGHQW
3UHVVXUH 7$&1RV0' DQG0( GDWHG6HSWHPEHU
1630OHWWHU/07 0$6FKLPPHO WR15&0RQWLFHOOR([WHQGHG3RZHU
8SUDWHDQG0D[LPXP([WHQGHG/RDG/LQH/LPLW$QDO\VLV3OXV/LFHQVH$PHQGPHQW
5HTXHVWV 6XSSOHPHQWWR$GGUHVV6(&<8VHRI&RQWDLQPHQW$FFLGHQW
3UHVVXUH6HFWLRQVDQG 7$&1RV0' DQG0( GDWHG
1RYHPEHU
1630OHWWHU/07 0$6FKLPPHO WR15&0RQWLFHOOR([WHQGHG3RZHU
8SUDWH 6(&<8VHRI&RQWDLQPHQW$FFLGHQW3UHVVXUH5HVSRQVHVWR
5HTXHVWVIRU$GGLWLRQDO,QIRUPDWLRQ 7$&0' GDWHG0DUFK
6(&<(QFORVXUH7KH8VHRI&RQWDLQPHQW$FFLGHQW3UHVVXUHLQ5HDFWRU
6DIHW\$QDO\VLV$'$060/
'HOHWHG
'HOHWHG
'HOHWHG
'HOHWHG
'HOHWHG
'HOHWHG
*HQHUDO(OHFWULFUHSRUW1('2³6DIHW\$QDO\VLVRIWKH5+5,QWHUWLH/LQH
0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW'-XQH
*HQHUDO(OHFWULF *+6FRWW OHWWHU0,*WR163 *+1HLOV ³0DUN,&RQWDLQPHQW
3URJUDP5HVSRQVHWR15&RQ+XPSKUH\&RQWDLQPHQW&RQFHUQV'GDWHG
6HSWHPEHU
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
*HQHUDO(OHFWULFUHSRUW16(2 ³0DUN,2ZQHUV5HVSRQVHWR+XPSKUH\
&RQWDLQPHQW&RQFHUQV'6HSWHPEHU
0XOWLSOH'\QDPLFV&RUSRUDWLRQ ')/HKQHUW OHWWHU1R163 WR163 '0
0XVROI ³7HFKQLFDO5HYLHZRI*(¶V5HVSRQVHWRWKH+XPSKUH\&RQWDLQPHQW
&RQFHUQVDQG7KHLU$SSOLFDELOLW\WRWKH0RQWLFHOOR3ODQW'GDWHG0D\
15& '*(LVHQKXW OHWWHUWR163 '00XVROI ³6DIHW\(YDOXDWLRQE\WKH2IILFHRI
1XFOHDU5HDFWRU5HJXODWLRQ$SSHQGL[-5HYLHZ'GDWHG-XQH
15& '%9DVVDOOR OHWWHUWR163 '00XVROI ³0DUN,&RQWDLQPHQW/RQJ7HUP
3URJUDP'GDWHG6HSWHPEHU
'HOHWHG
187(&+UHSRUW163³(YDOXDWLRQRI:HWZHOO7R'U\ZHOO9DFXXP%UHDNHU
5HVSRQVHWR'U\ZHOO6SUD\,QLWLDWLRQ'$SULO
15& -$=ZROLQVNL OHWWHUWR163 '00XVROI ³0DUN,&RQWDLQPHQW'U\ZHOO
9DFXXP%UHDNHUV 7$& 'GDWHG-DQXDU\
'HOHWHG
15& 033KLOOLSV OHWWHUWR163 /5(OLDVRQ ³&ODULILFDWLRQVRI$SSHQGL[-
5HTXLUHPHQWV'GDWHG-DQXDU\
163 703DUNHU OHWWHUWRWKH15&³5HVSRQVHWR*HQHULF/HWWHU 6XSSOHPHQW
&RQVLGHUDWLRQRIWKH5HVXOWVRI15&VSRQVRUHG7HVWVRI0RWRU2SHUDWHG9DOYHV'
GDWHG$SULO
15& :2/RQJ OHWWHUWR163 703DUNHU ³0RQWLFHOOR$FNQRZOHGJHPHQWRI
- HQHULF/HWWHU 5HVSRQVH 7$&1R 'GDWHG0D\
1633URJUDP'RFXPHQW(:,³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW0RWRU
2SHUDWHG9DOYH3URJUDP'
*HQHUDO(OHFWULFUHSRUW1('2³*((YDOXDWLRQLQ5HVSRQVHWR15&5HTXHVW
5HJDUGLQJ%:56FUDP6\VWHP3LSLQJ%UHDNV'$SULO
163 /20D\HU OHWWHUWRWKH15&³*((YDOXDWLRQRI3RWHQWLDO%:56FUDP3LSH
%UHDNV1('2'GDWHG-XQH
185(*³*HQHULF6DIHW\(YDOXDWLRQ5HSRUW5HJDUGLQJ,QWHJULW\RI%:56FUDP
6\VWHP3LSLQJ'$XJXVW
163 /20D\HU OHWWHUWRWKH15&³GD\UHVSRQVHWR185(*'GDWHG
'HFHPEHU
%:52ZQHUV*URXS&KDLUPDQ 6')OR\G OHWWHUWRWKH15&³0DUN,+DUG3LSH9HQW
&ULWHULD'GDWHG0DUFK
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
'HOHWHG
'HOHWHG
'HOHWHG
'HOHWHG
$60(%RLOHUDQG3UHVVXUH9HVVHO&RGH6HFWLRQ,,,6XEVHFWLRQ% (GLWLRQ
'HOHWHG
15& -*3DUWORZ *HQHULF/HWWHU ³,QVWDOODWLRQRID+DUGHQHG:HWZHOO9HQW'
GDWHG6HSWHPEHU
'HOHWHG
*HQHUDO(OHFWULFUHSRUW1('2³0DUN,&RQWDLQPHQW3URJUDP/RDG'HILQLWLRQ
5HSRUW'5HYLVLRQ1RYHPEHU
'HOHWHG
$60(%RLOHUDQG3UHVVXUH9HVVHO&RGH6HFWLRQ,,, (GLWLRQZLWK6XPPHU
$GGHQGD
$16,,(((6WDQGDUG ³,(((6WDQGDUGIRU(OHFWULF3HQHWUDWLRQ$VVHPEOLHV
LQ&RQWDLQPHQW6WUXFWXUHVIRU1XFOHDU3RZHU*HQHUDWLQJ6WDWLRQV'
15& -*3DUWORZ *HQHULF/HWWHU ³6DIHW\5HODWHG0RWRU2SHUDWHG9DOYH
7HVWLQJDQG6XUYHLOODQFH&)5 I 'GDWHG-XQH
185(*³&ODULILFDWLRQRI70,$FWLRQ3ODQ5HTXLUHPHQWV'1RYHPEHU
15&5HJXODWRU\*XLGH ³,QVWUXPHQWDWLRQIRU/LJKW:DWHU&RROHG1XFOHDU3RZHU
3ODQWVWR$VVHVV3ODQWDQG(QYLURQV&RQGLWLRQV'XULQJDQG)ROORZLQJ$Q$FFLGHQW'
5HYLVLRQ'HFHPEHU
,(((6WDQGDUG ³,(((6WDQGDUGIRU4XDOLI\LQJ&ODVV,((TXLSPHQWIRU
1XFOHDU3RZHU*HQHUDWLQJ6WDWLRQV'
$16,,(((6WDQGDUG ³,(((5HFRPPHQGHG3UDFWLFHVIRU6HLVPLF
4XDOLILFDWLRQRI&ODVV,((TXLSPHQWIRU1XFOHDU3RZHU*HQHUDWLQJ6WDWLRQV'
$60(%RLOHUDQG3UHVVXUH9HVVHO&RGH6HFWLRQ,,,(GLWLRQ
'HOHWHG
:5&%XOOHWLQ1R³/RFDO6WUHVVHVLQ6SKHULFDODQG&\OLQGULFDO6KHOOV'XHWR
([WHUQDO/RDGLQJV'.5:LFKPDQ$*+RSSHUDQG-/0HUVKRQ0DUFK
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
$60(%RLOHUDQG3UHVVXUH9HVVHO&RGH6HFWLRQ9,,, (GLWLRQ
185(*³,QWHULP6WDII3RVLWLRQRQ(QYLURQPHQWDO4XDOLILFDWLRQRI
6DIHW\5HODWHG(OHFWULFDO(TXLSPHQW5HVROXWLRQRI*HQHULF7HFKQLFDO$FWLYLW\$'
'HFHPEHU
$(&5HSRUW7,'³&DOFXODWLRQRI'LVWDQFH)DFWRUVIRU3RZHUDQG7HVW5HDFWRU
6LWHV'0DUFK
*HQHUDO(OHFWULFGRFXPHQW$³&RQWDLQPHQW'DWD6SHFLILFDWLRQ&XVWRPHU
,QWHUIDFH'DWD'5HYLVLRQ1RYHPEHU
$16,$16 ³$PHULFDQ1DWLRQDO6WDQGDUGIRU'HFD\+HDW3RZHULQ/LJKW
- DWHU5HDFWRUV'
'HOHWHG
'HOHWHG
163 0)+DPPHU OHWWHUWRWKH15&³6HLVPLF9HULILFDWLRQRIWKH06,9/HDNDJH
3DWKDW0RQWLFHOOR 7$&1R0 'GDWHG-XQH
163 0)+DPPHU OHWWHUWRWKH15&³6XSSOHPHQWDO,QIRUPDWLRQ5HJDUGLQJWKH
6HLVPLF9HULILFDWLRQRIWKH06,9/HDNDJH3DWKDW0RQWLFHOOR 7$&1R0 '
GDWHG-XO\
15& 7.LP OHWWHUWR163 52$QGHUVRQ ³,VVXDQFHRI$PHQGPHQW5H 3RZHU
8SUDWH3URJUDP 7$&1R0 'GDWHG6HSWHPEHU
15& '0&UXWFKILHOG *HQHULF/HWWHU ³3UHVVXUH/RFNLQJDQG7KHUPDO%LQGLQJ
RI6DIHW\5HODWHG3RZHU2SHUDWHG9DOYHV'GDWHG$XJXVW
+DQGERRNRI&KHPLVWU\DQG3K\VLFV WK(GLWLRQ SDJH'³/LPLWVRI
,QIODPDELOLW\RI*DVHVDQG9DSRUVLQ$LU'
15& '/=LHPDQQ OHWWHUWR163 /20D\HU /LFHQVH$PHQGPHQW1RGDWHG
2FWREHU
15& -*.HSSOHU OHWWHUWR163 '(*LOEHUWV 5HTXHVWIRU5HVSRQVHWR,(%XOOHWLQ
([DPLQDWLRQRI&RQWDLQPHQW/LQHU3HQHWUDWLRQ:HOGVGDWHG$SULO
163 '(*LOEHUWV OHWWHUWRWKH15&³5HVSRQVHWR,(%XOOHWLQ'GDWHG-XO\
163 &(/DUVRQ OHWWHUWRWKH15& -*.HSSOHU $GGLWLRQDO5HVSRQVHWR,(%XOOHWLQ
³([DPLQDWLRQRI&RQWDLQPHQW/LQHU3HQHWUDWLRQ:HOGV'GDWHG1RYHPEHU
15&UHSRUW185(*&5³&ORVHRXWRI,(%XOOHWLQ ([DPLQDWLRQRI
&RQWDLQPHQW/LQHU3HQHWUDWLRQ:HOGV'GDWHG-XO\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
15& &)/\RQ OHWWHUWR163 52$QGHUVRQ ,VVXDQFHRI$PHQGPHQWUH
5HDFWRU9HVVHO+\GURVWDWLFDQG/HDNDJH7HVWLQJ 7$&1R0$ GDWHG
1RYHPEHU
15& %.*ULPHV *HQHULF/HWWHU ³$VVXUDQFHRI(TXLSPHQW2SHUDELOLW\DQG
&RQWDLQPHQW,QWHJULW\'XULQJ'HVLJQ%DVLV$FFLGHQW&RQGLWLRQV'GDWHG6HSWHPEHU
15& -:5RH *HQHULF/HWWHU ³$VVXUDQFHRI(TXLSPHQW2SHUDELOLW\DQG
&RQWDLQPHQW,QWHJULW\'XULQJ'HVLJQ%DVLV$FFLGHQW&RQGLWLRQV'6XSSOHPHQW
GDWHG1RYHPEHU
15& &)/\RQ OHWWHUWR163 0)+DPPHU ³&RPSOHWLRQRI/LFHQVLQJ$FWLRQIRU
- HQHULF/HWWHU $VVXUDQFHRI(TXLSPHQW2SHUDELOLW\DQG&RQWDLQPHQW,QWHJULW\
'XULQJ'HVLJQ%DVLV$FFLGHQW&RQGLWLRQV' 7$&1R0 GDWHG0D\
6SHFLILFDWLRQ13'05HY³9DOYHDQG$FWXDWRU5HTXLUHPHQWVIRUWKH0DLQ
6WHDP,VRODWLRQ9DOYHV'GDWHG$SULO
*HQHUDO(OHFWULF5HSRUW1('2³(OLPLQDWLRQRI/LPLWRQ/RFDO6XSSUHVVLRQ
3RRO7HPSHUDWXUHIRU659'LVFKDUJHZLWK4XHQFKHUV''HFHPEHU
15& *0+RODKDQ OHWWHUWR%:52* 53LQHOOL ³7UDQVPLWWDORI6DIHW\(YDOXDWLRQ
- HQHUDO(OHFWULF&RPSDQ\7RSLFDO5HSRUWV 1('2HQWLWOHG(OLPLQDWLRQRI/LPLW
RQ/RFDO6XSSUHVVLRQ3RRO7HPSHUDWXUHIRU659'LVFKDUJHZLWK4XHQFKHUVDQG
1('2 HQWLWOHG%:56XSSUHVVLRQ3RRO7HPSHUDWXUH7HFKQLFDO6SHFLILFDWLRQ
/LPLWVGDWHG$XJXVW
15& &)/\RQ OHWWHUWR10& -6)RUEHV ³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW
,VVXDQFHRI$PHQGPHQW5( (OLPLQDWLRQRI/RFDO6XSSUHVVLRQ3RRO7HPSHUDWXUH
/LPLWV 7$&1R0% 'GDWHG-DQXDU\
10& -6)RUEHV OHWWHUWR15&³/LFHQVH$PHQGPHQW5HTXHVW(OLPLQDWLRQRI/RFDO
6XSSUHVVLRQ3RRO7HPSHUDWXUH/LPLWV'GDWHG0D\
15& '6+RRG WR10& -6)RUEHV ³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW
,VVXDQFHRI$PHQGPHQWUH /LFHQVH$PHQGPHQW5HTXHVWIRU&RQYHUVLRQWR2SWLRQ
%IRU&RQWDLQPHQW/HDNDJH5DWH7HVWLQJ 7$&1R0% GDWHG /$5
10& (-:HLQNDP OHWWHUWR15&³$SSOLFDWLRQIRU7HFKQLFDO6SHFLILFDWLRQ
,PSURYHPHQWWR(OLPLQDWH5HTXLUHPHQWVIRU+\GURJHQ5HFRPELQHUVDQG
+\GURJHQ2[\JHQ0RQLWRUV8VLQJWKH&RQVROLGDWHG/LQH,WHP,PSURYHPHQW
3URFHVV'GDWHG-DQXDU\
15& /03DGRYDQ OHWWHUWR10& 7-3DOPLVDQR ³0RQWLFHOOR1XFOHDU*HQHUDWLQJ
3ODQW,VVXDQFHRI$PHQGPHQW5( (OLPLQDWLRQRI5HTXLUHPHQWVIRU+\GURJHQ
5HFRPELQHUVDQG+\GURJHQDQG2[\JHQ0RQLWRUV' 7$&1R0& GDWHG0D\
/$5
'HOHWHG
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
'HOHWHG
10& 7-3DOPLVDQR OHWWHUWR15&³6XSSOHPHQWWR/LFHQVH$PHQGPHQW5HTXHVW
6HOHFWLYH6FRSH$SSOLFDWLRQRIDQ$OWHUQDWLYH6RXUFH7HUP0HWKRGRORJ\IRU
5HHYDOXDWLRQRIWKH)XHO+DQGOLQJ$FFLGHQW'GDWHG1RYHPEHU
/HWWHUIURP'RQDOG-6NRYKRW$(&WR$UWKXU9'LHKDUW163 6XEMHFW 'U\ZHOOWR
6XSSUHVVLRQ&KDPEHULPPHGLDWHDFWLRQVDQGUHTXHVWHGLQIRUPDWLRQGDWHG-DQXDU\
/HWWHUIURP/20D\HU163WR'RQDOG-6NRYKRW$(& 6XEMHFW 5HSRUWRQ7RUXVWR
'U\ZHOO9DFXXP%UHDNHUVGDWHG0DUFK
/HWWHUIURP'HQQLV/=LHPDQQ15&WR/20D\HU163 6XEMHFW $PHQGPHQW
FKDQJHWRWKH7HFKQLFDO6SHFLILFDWLRQVGDWHG)HEUXDU\
15& 367DP OHWWHUWR10& -7&RQZD\ ³0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW
,VVXDQFH2I([HPSWLRQ7R&HUWDLQ&)53DUW$SSHQGL[-5HTXLUHPHQWV 7$&
1R0' 'GDWHG'HFHPEHU
5HJXODWRU\*XLGH³&RQWURORI&RPEXVWLEOH*DV&RQFHQWUDWLRQVLQ&RQWDLQPHQW'
5HYLVLRQ0DUFK
7RSLFDO5HSRUW%17237HVWLQJ&ULWHULDIRU,QWHJUDWHG/HDNDJH5DWH7HVWLQJRI
3ULPDU\&RQWDLQPHQW6WUXFWXUHVIRU1XFOHDU3RZHU3ODQWV5HYLVLRQ
*('RFXPHQW*(1( 5&RQWDLQPHQW$QDO\VLV,QSXW3DUDPHWHUV
'DWD)RUP23/$ $SULO
*(+LWDFKL(383URMHFW7DVN5HSRUW*(1( 7555HYLVLRQ
7DVN7 &RQWDLQPHQW6\VWHP5HVSRQVH)HEUXDU\ 0RQWLFHOOR
FDOFXODWLRQQXPEHU
*(+LWDFKL5HSRUW1('&35HYLVLRQ6DIHW\$QDO\VLV5HSRUWIRU0RQWLFHOOR
&RQVWDQW3UHVVXUH3RZHU8SUDWH2FWREHU
15& 7$%HOW] OHWWHUWR1630 .')LOL 0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW
,VVXDQFHRI$PHQGPHQW1RWR5HQHZHG)DFLOLW\2SHUDWLQJ/LFHQVH5HJDUGLQJ
([WHQGHG3RZHU8SUDWH 7$&1R0' GDWHG'HFHPEHU
1630OHWWHU/07 7-2
&RQQRU WR15&0RQWLFHOOR([WHQGHG3RZHU
8SUDWH 8SGDWHVWR(QFORVXUHVDQGRI/07DQG(QFORVXUHRI
/07 7$&0' GDWHG-DQXDU\
1630OHWWHU/07 7-2
&RQQRU WR15&0RQWLFHOOR([WHQGHG3RZHU
8SUDWH 5HVSRQVHWR15&&RQWDLQPHQWDQG9HQWLODWLRQ5HYLHZ%UDQFK5HTXHVWIRU
$GGLWLRQDO,QIRUPDWLRQGDWHG0DUFK DQG0DUFK 7$&1R
0' GDWHG-XO\
163 '00XVROI OHWWHUWR15&6XEPLWWDORIWKH0RQWLFHOOR0DUN,&RQWDLQPHQW/RQJ
7HUP3URJUDP3ODQW8QLTXH$QDO\VLV5HSRUWGDWHG'HFHPEHU
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
10&(383URMHFW7DVN5HSRUW7 5HY7DVN7 6WDQGE\*DV7UHDWPHQW
6\VWHP-DQXDU\ 0RQWLFHOORFDOFXODWLRQ
*(/LFHQVLQJ7RSLFDO5HSRUW1('&3$&RQVWDQW3UHVVXUH3RZHU8SUDWH
5HYLVLRQ-XO\
*(+LWDFKL(383URMHFW7DVN5HSRUW*(1( 75525HYLVLRQ
7DVN7 1XFOHDU%RLOHU6\VWHP1RYHPEHU 0RQWLFHOORFDOFXODWLRQ
QXPEHU
*(5HSRUW1('(3$*HQHUDO(OHFWULF0RGHOIRU/2&$$QDO\VLVLQ
$FFRUGDQFHZLWK&)5$SSHQGL[.GDWHG6HSWHPEHU
*(/LFHQVLQJ7RSLFDO5HSRUW1('&3$*HQHULF*XLGHOLQHVIRU*HQHUDO
(OHFWULF%RLOLQJ:DWHU5HDFWRU([WHQGHG3RZHU8SUDWHGDWHG)HEUXDU\
%:52ZQHU V*URXS(PHUJHQF\3URFHGXUHDQG6HYHUH$FFLGHQW*XLGHOLQHV
$SSHQGL[%5HYLVLRQ)HEUXDU\
0RQWLFHOORSURFHGXUH&*05HYLVLRQ(PHUJHQF\3URFHGXUHV*XLGHOLQH
WR3ODQW6SHFLILF7HFKQLFDO*XLGHOLQH'LIIHUHQFHV'RFXPHQW
*(+LWDFKL(383URMHFW7DVN5HSRUW*(1( 7555HYLVLRQ
7DVN7 7UDQVLHQW$QDO\VLV'HFHPEHU
1630OHWWHU/07 0$6FKLPPHO WR15&0RQWLFHOOR([WHQGHG3RZHU
8SUDWH (38 5HVSRQVHWR5HTXHVWIRU$GGLWLRQDO,QIRUPDWLRQ(OHFWULFDO
(QJLQHHULQJ%UDQFK 7$&0' GDWHG$SULO
0RQWLFHOOR&DOFXODWLRQ5HYLVLRQ$&RQWDLQPHQW$FFLGHQW3UHVVXUH
$VVHVVPHQWRI(&&63XPS136+$5HTXLUHPHQWVIRU([WHQGHG3RZHU8SUDWH
(38
(QJLQHHULQJ&KDQJH 5HYLVLRQ136+0DUJLQ$VVHVVPHQWRIWKH(&&6
3XPSV'XULQJ$SSHQGL[5(YHQWV
*(+LWDFKL5HSRUW1('&35HYLVLRQ6DIHW\$QDO\VLV5HSRUW0RQWLFHOOR
0D[LPXP([WHQGHG/RDG/LQH/LPLW$QDO\VLV3OXV'HFHPEHU
15& 7$%HOW] OHWWHUWR1630 .')LOL 0RQWLFHOOR1XFOHDU*HQHUDWLQJ3ODQW
,VVXDQFHRI$PHQGPHQW1RWR5HQHZHG)DFLOLW\2SHUDWLQJ/LFHQVH5HJDUGLQJ
0D[LPXP([WHQGHG/RDG/LQH/LPLW$QDO\VLV3OXV 7$&1R0( GDWHG0DUFK
$13 5HY0RQWLFHOOR/LFHQVLQJ$QDO\VLVIRU(): (380(///$
)HEUXDU\
$135HY0RQWLFHOOR/2&$0$3/+*5/LPLWVIRU(38():ZLWK$75,80
;0)XHODQG5HYLVHG(&&63DUDPHWHUV-DQXDU\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
861XFOHDU5HJXODWRU\&RPPLVVLRQ 15& 2UGHU($ ³,VVXDQFHRI2UGHUWR
0RGLI\/LFHQVHVZLWK5HJDUGWR5HOLDEOH+DUGHQHG&RQWDLQPHQW9HQWV&DSDEOHRI
2SHUDWLRQXQGHU6HYHUH$FFLGHQW&RQGLWLRQV'-XQH
1XFOHDU(QHUJ\,QVWLWXWH1(,5HYLVLRQ³,QGXVWU\*XLGDQFHIRU&RPSOLDQFH
ZLWK2UGHU($ %:50DUN, ,,5HOLDEOH+DUGHQHG&RQWDLQPHQW9HQWV
&DSDEOHRI2SHUDWLRQ8QGHU6HYHUH$FFLGHQW&RQGLWLRQV'
-/',6*&RPSOLDQFHZLWK2UGHU($ 2UGHU0RGLI\LQJ/LFHQVHV
ZLWK5HJDUGWR5HOLDEOH+DUGHQHG&RQWDLQPHQW9HQWV&DSDEOHRI2SHUDWLRQXQGHU
6HYHUH$FFLGHQW&RQGLWLRQV1RYHPEHU
-/',6*&RPSOLDQFHZLWK3KDVHRI2UGHU($ 2UGHU0RGLI\LQJ
/LFHQVHVZLWK5HJDUGWR5HOLDEOH+DUGHQHG&RQWDLQPHQW9HQWV&DSDEOHRI
2SHUDWLRQXQGHU6HYHUH$FFLGHQW&RQGLWLRQV$SULO
15& 5).XQW] OHWWHUWR1630 &&KXUFK 0RQWLFHOOR1XFOHDU*HQHUDWLQJ
3ODQW,VVXDQFHRI$PHQGPHQW5H $GRSWLRQRI767)5HYLVH6HFRQGDU\
&RQWDLQPHQW6XUYHLOODQFH5HTXLUHPHQWV (3,'///$ GDWHG
1RYHPEHU
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
FIGURES
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
)LJXUH
3UHVVXUH6XSSUHVVLRQ&RQWDLQPHQW6\VWHP
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
)LJXUH
7\SLFDO(OHFWULFDO3HQHWUDWLRQ$VVHPEO\&DQLVWHU
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUHD
0RGXODU(OHFWULFDO3HQHWUDWLRQ$VVHPEO\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUH
&HQWHU6HFWLRQ/RZ9ROWDJH3RZHUDQG&RQWURO(OHFWULFDO3HQHWUDWLRQ
$VVHPEO\
3277,1*
&203281' 3277,1*
&203281' 63/,&(
&211(&725
)70$;
LQ
LQ
LQ
LQ 0$;
LQ
LQ
LQ 0$;
63/,&(
&$%/(
XVDU
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUH
&HQWHU6HFWLRQ6KLHOGHG6LJQDO&DEOH(OHFWULFDO3HQHWUDWLRQ$VVHPEO\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUH
&HQWHU6HFWLRQ+LJK9ROWDJH3RZHU(OHFWULFDO3HQHWUDWLRQ$VVHPEO\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUHD
(OHFWULFDO3HQHWUDWLRQ$VVHPEO\ 'U\ZHOO3HQHWUDWLRQV; ;
7KHUPRFRXSOH&RQQHFWRU FLUFXLWV
7ULD[LDO&RQQHFWRU WRWDORIVL[RQO\RQHVKRZQ
86$5
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUH
&HQWHU6HFWLRQ+RW)OXLG3LSLQJ3HQHWUDWLRQ$VVHPEO\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUH
&HQWHU6HFWLRQ&ROG)OXLG3LSLQJ3HQHWUDWLRQ$VVHPEO\
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUH
0DLQ6WHDP,VRODWLRQ9DOYHV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUH
5HFLUFXODWLRQ/LQH%UHDN,OOXVWUDWLRQ
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
)LJXUHRD
'U\ZHOODQG:HWZHOO5HVSRQVH'%$/2&$6KRUW7HUP
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUHRE
'U\ZHOODQG:HWZHOO3UHVVXUH'%$/2&$/RQJ7HUP
3GZDQG3ZZ
7KLVILJXUHSURYLGHVZHWZHOODQGGU\ZHOOSUHVVXUHVIRUWKHFDVHWKDWPD[LPL]HVVXSSUHVVLRQSRRO
WHPSHUDWXUH7KHSHDNZHWZHOOSUHVVXUHVDUHIRUWKHFDVHWKDWPD[LPL]HVFRQWDLQPHQW
SUHVVXUHVZKLFKLVWKHVLQJOHDFWLYHIDLOXUHRIDQHPHUJHQF\GLHVHOJHQHUDWRU
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUHRF
'%$/2&$6KRUW7HUP$QDO\VLV&RUH6SUD\3XPS136+$YDLODEOH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUHRG
'%$/2&$/RQJ7HUP$QDO\VLV&RUH6SUD\3XPS136+0DUJLQ
- 27+,&5HDOLVWLF+/-7KLVDQDO\VLVXVHGLQSXWVWKDWDUHPHW RIWKHWLPHDW01*3IRU
VXSSUHVVLRQSRROWHPSHUDWXUHVHUYLFHZDWHUWHPSHUDWXUHVXSSUHVVLRQSRROYROXPHDQG
GU\ZHOOWHPSHUDWXUH
- 27+,&&RQVHUYDWLYH+/-7KLVDQDO\VLVXVHGWKHVDPHLQSXWVDVWKH6+(;DQDO\VLVH[FHSWWKDWD
WHPSHUDWXUHGHSHQGHQW.YDOXHLVXVHGIRU5+5KHDWH[FKDQJHUSHUIRUPDQFH,QDGGLWLRQ
WKHFRGHXVHGLVWKHEHVWHVWLPDWH*27+,&FRGHYVWKHFRQVHUYDWLYH6+(;FRGH
0RQWH&DUOR+/-7KLVDQDO\VLVZDVSURYLGHGLQ1('&3$SSHQGL[$ 5HIHUHQFH 7KLV
DOORZHGLQSXWVWRYDU\IURPWKHPRVWOLPLWLQJGHWHUPLQLVWLFYDOXHVZKLOHPDLQWDLQLQJD
DVVHVVPHQWRIFRQWDLQPHQWUHVSRQVH
6+(;+/-7KLVDQDO\VLVLVWKHOLFHQVLQJEDVLVDQDO\VLVSHUIRUPHGXVLQJDFRPELQDWLRQRIWKHPRVW
OLPLWLQJLQSXWDVVXPSWLRQVDQGFRQWDLQPHQWFRROLQJSURYLGHGE\FRQWDLQPHQWVSUD\ZLWKD
FRQVWDQW.YDOXHIRU5+5KHDWH[FKDQJHUSHUIRUPDQFH
1RWH 7KHWLPHRIWKHPD[LPXPVXSSUHVVLRQSRROWHPSHUDWXUHEDVHGRQWKH6+(;DQDO\VLVLV
VHFRQGVDQGLV)
7KLVVKRZVWKHOLPLWLQJFRUHVSUD\SXPS136+UHVSRQVHIRUWKHORQJWHUPLH!VHFRQGV,Q
WKHILUVWVHFRQGVRIWKHHYHQW136+PDUJLQLVQHJDWLYHDIWHUDERXWVHFRQGVXQWLO
RSHUDWRUDFWLRQLVWDNHQWRUHGXFHSXPSIORZUDWHVWRYDOXHVDVVXPHGLQWKHORQJWHUPFRUH
FRROLQJDQDO\VLV
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUHS
'U\ZHOO7HPSHUDWXUH5HVSRQVH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUHT
6XSSUHVVLRQ3RRO7HPSHUDWXUH5HVSRQVH
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUH
(QHUJ\5HTXLUHPHQWWR3HQHWUDWH'U\ZHOO
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUH
(OHYDWLRQ9LHZRI&RQWDLQPHQW
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUH
3ODQ9LHZRI&RQWDLQPHQW
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJHRI
)LJXUH
'HYHORSHG9LHZRI6XSSUHVVLRQ&KDPEHU6HJPHQW
0217,&(//283'$7('6$)(7<$1$/<6,65(3257
86$5
6(&7,21
&217$,10(176<67(0
5HYLVLRQ
3DJH RI
)LJXUH
&DOFXODWHG5DQJHRI5HDFWRU%XLOGLQJ([ILOWUDWLRQ5DWHVDVD
)XQFWLRQRI:LQG9HORFLW\