ML17300B035
| ML17300B035 | |
| Person / Time | |
|---|---|
| Site: | Palo Verde  |
| Issue date: | 08/31/1987 |
| From: | PAGE J F MUDGE, ROSE, GUTHRIE, ALEXANDER & FERDEN |
| To: | MIRAGLIA F J Office of Nuclear Reactor Regulation |
| References | |
| TAC-61752, TAC-63145, NUDOCS 8709100193 | |
| Download: ML17300B035 (72) | |
Text
'REGUL Y INFORMATION DISTRIBUTI SYSTEM (RIDS)ACCESSION NBR: 8709100193 DOC.DATE: 87/08/31 NOTARIZED NO DOCKET 4 FACIL: STN-50-529 Palo Verde Nuclear Stations Unit 2i Arizona Publi 05000529 AUTH.NAME AUTHOR AFFILIATION PAGEOS J.F.Mudge~Rosei Guthriei Alexander h Ferden RECIP.NAME RECIPIENT AFFILIATION MIRAGLIAi F.J.Of f ice of Nuclear Reactor Regulationi Director (Post 870411
SUBJECT:
Transmits Amend 2 to Facilitg Lease re sale 5 leaseback transaction e/util as lessee Zc Emerson Capital Corp as oujner participant ref in 870728 ltr to Commission.
Amend schedules basic rent 8c casualty 5 special casualty values.DISTRIBUTIDN CDDE: BOOED CDPIES RECEIVED: LTR J.ENCL J SIZE: 3+TITLE: Licensing Submittal:
Application/General Info Amdt NOTES: Standardized plant.05000529 REC I P I ENT ID CODE/NAME PD5 LA LICITRAu E COPIES LTTR ENCL 1 1 1 1 REC IP IENT ID CODE/NAME PD5 PD DAVIS'COPIES LTTR ENCL 2 2 1 1 INTERNAL: ACRS AEOD/DSP/TPAB N 6/GAB BEG ILE 01 3 3 1 1 1 1 1 1 AEOD/DOA ARM/DAF/LFMB OGC/HDS1 SP 1 1 1 0 1 1 1 EXTERNAL: LPDR NSIC 03 Oh 1 1 1 1 NRC PDR 02 NOTES: TOTAL NUMBER OF COPIES REQUIRED: LTTR 19 ENCL 18 ji 1 4<~tl f (j I I l (
2I2I K STRCETg N.W.WASHINGTON, D.C.20037 202 428 8355 SVITC 2020 333 SOVTH GRAND AVCNVC LOS ANGELES CALIF.QOOTI 2 I 3 8 I 3 I I I 2 MUDGE ROSE GUTHRIE ALEXANDER K FERDON I80 MAIDEN LANE NEW YORK'.Y.IOO38 2 I 2-5 I 0-7 Oo 0 CASLC ADDRCSSI 8*LTVCHINS NFW YORK TCLCXI WV l27888 TCLCCOPICRI 2I2 248 2655 SVITC QOO, NORTHSRIDGE CENTRE SIS NORTH FLAGLCR DRIVE WCST PALM 8CACH, FL.3340I 305 650 SIOO I2i RVC DC LA PAIX F5002, PARISH FRANCE (I)42.BI.ST.TI August 31, 1987 VIA FEDERAL EXPRESS Director of Nuclear Reactor Regulation Attention:
Mr.Frank J.Miraglia, Director Division of Pressurized Water Reactor Licensing-B U.S.Nuclear Regulatory Commission Washington, D.C.20555 Re: Sale and Leaseback Financing Transactions by Arizona Public Service Company-Palo Verde Nuclear Generating Station Unit 2 NRC Docket Nos.STN 50-529 Gentlemen:
The purpose of this letter is to transmit to the Commission a copy of the Amendment No.2 to Facility Lease relating to the sale and leaseback transaction in which Arizona Public Service Company is the lessee and Emerson Capital Corporation (assignee of Emerson Finance Co.)is the owner participant referred to in my letter dated July 28, 1987 to the Commission.
The purpose of Amendment No.2 is to amend the schedules of Basic Rent, Casualty Values, Special Casualty Values, Extraordinary Casualty Values and Modified Special Casualty Values to reflect the financing of certain Transaction Expenses by the Lessor'hereunder.
8709l001'3I3 87063i PDR ADOCK 05000M9 PDR e Cp l/Ol~i~""~s.4 goal@3"'I Page Two August 31, 1987 Xf you have any questions, please do not hesitate to call.u y, Je me F.Page JFP:mtm Copies to: Edwin J.Reis, Esq.Deputy Assistant General Counsel Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesda, Maryland 21930 Oreste Russ Pirfo, Esq.Office of General Counsel Nuclear Regulatory Commission 7735 Old Georgetown Road Bethesda, Maryland 21930 Arthur C.Gehr, Esq.Snell 6 Wilmer 3100 Valley Bank Center Phoenix, Arizona 85073
- I 4 I J When Recorded, Return to: David A.Sprentall SNELL&WILMER 3100 Valley Bank Center Phoenix, Arizona 85073 CERTAZN RIGHTS OF THE LESSOR UNDER THE FACILITY LEASE AS AMENDED BY THIS AMQiDMENT NO.2 KG5U~HAVE BEEN ASSIGNED TOi AND ARE SUBJECT TO A SECURITY INTA%ST TRUST INDENTURE i.MORTGAGE i SECURI TY AGREEMENT AND ASSIGNMENT OF FACILZTY LEASE DATED AS OF AUGUST 1i (<)FOR INFORMATION CONCERNING THE RIGHTS OF HOAXES OF VAR-IOUS COUNTERPARTS HEIGH THIS CODD&PART IS NOT THE ORIGINAL COUNTERPART AMENDMENT NO 2 dated as of June 1, 1987 to FACILITY LEASE dated as of August 1, 1986 between THE FIRST NATIONAL BANK OF BOSTON not in its individual capacity, but solely as Owner Trustee under a Trust Agreement dated as of August 1, 1986 with Emerson Capital Corporation (assignee of Emerson Finance Co.)Lessor and ARIZONA PUBLIC SERVICE COMPANY, Lessee Original Facility Lease Recorded on August 18, 1986, as Instrument No.86-439438 and Amendment No.1 to Facility Lease Recorded on November 21, 1986, as Instrument No.86-645156 in Maricopa County Recorder's Office, State of Arizona.6728.EMERSON.ADJ,01:11 pL f D 7I t 4 e.~lg~4i I~4y I 3 AMENDMENT NO.2, dated as of June 1, 1987 (Amendment No.2), to the Facility Lease dated.as of August 1, 1986 between THE FIRST NATIONAL BANK OF BOSTON, a national banking association, not in its indi-vidual capacity, but solely as Owner Trustee under a Trust Agreement, dated as of August 1, 1986, with Emerson Capital Corporation, a Delaware corporation, as assignee of Emerson Finance Co;(the Lessor), and ARIZONA PUBLIC SERVICE COMPANY, an Arizona corporation (the Lessee).W I T N E S SETH WHEREAS, the Lessee and the Lessor have here-tofore entered into a Facility Lease dated as of August 1, 1986 (the Facility Lease), providing for the lease by the Lessor to the Lessee of'he Undivided Interest and the Real Property Interest;WHEREAS, the Lessee and the Lessor have here-tofore entered into an Amendment No.1 to Facility Lease dated as o f November 1, 1986, providing for certain amendments to the Facility Lease and adjustments to Basic Rent and to the schedules of Casualty Values, Extraordinary Casualty Values, Special Casualty Values and Modified Special Casualty Values;RKREAS, Section 3(e)of the Facility Lease.provides for an adjustment to Basic Rent and to the schedules of Casualty Values, Extraordinary Casualty Values, Special Casualty Values and Modified.Special Casualty Values in order to preserve Net Economic Return in the event, among other things, of any change in the Current Pricing Assumptions; and WHEREAS i in connection with the payment of Transaction Expenses, there has been a change in the Current Pricing Assumptions; NOW, THEREFORE, in consideration of the premises and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowl-edged, the parties hereto agree as follows: 6728.EMERSON.ADJ F 01:11
/
0 SECTION 1.Definitions.
For purposes hereof, capitalized terms used herein and not otherwise defined herein or in the recitals shall have the meanings assigned to such terms in Appendix A to the Facility Lease.SECTION 2.Amendments.(a)Schedule 1 to the Facility Lease is hereby replaced with Schedule 1 hereto.(b)Schedule 2 to the Facility Lease is hereby replaced with Schedule 2 hereto.(c)Schedule 3 to the Facility Lease is hereby replaced with Schedule 3 hereto.(d)Schedule 4 to the Facility Lease is hereby replaced with Schedule 4 hereto.'e)
Schedule 5 to the Facility Lease is hereby replaced with Schedule 5 hereto.SECT%ON 3.Miscellaneous.(a)Dating.Although this Amendment No.2 is dated as of the date first above written for conve-nience, the actual dates of execution hereof by the par-ties hereto are respectively the dates set forth under the signatures hereto, and this Amendment No.2 shall be effective on the latest of such dates.(b)Governing Law.This Amendment No.2 has been negotiated and delivered in the State of New York and shall be governed by, and be construed in accordance with, the laws of the State of New York, except to the extent that pursuant to the law of the State of Arizona such law is mandatorily applicable hereto.(c)Disclosure.
Pursuant to Arizona Revised Statutes Section 33 401i the beneficiary of the Trust Agreement is Emerson Capital Corporation, a Delaware corporation.
The address of the beneficiary is 8000 6728.EMERSON.ADJ.01:11 t ill~~>t West Florissant Avenue, St.Louis, Missouri 63136, Attention:
President.
A copy of the Trust Agreement is available for inspection at the offices of the Owner Trustee at 100 Federal Street, Boston, Massachusetts 02110, Attention of Corporate Trust Division.(d)Original Counterpart.
The single executed original of this Amendment No.2 marked"THIS COUNTERPART IS THE ORIGINAL COUNTERPART" and containing the receipt of the Indenture Trustee thereon shall be the"Original" of this Amendment No.2.No security interest in this Amendment No.2 may be created or con-tinued through the transfer or possession of any coun-.terpart other than the"Original".(e)Counterpart Execution.
This Amendment No.2 may be executed in any number of counterparts and by each of the parties hereto or thereto on separate counterparts, all such counterparts together constitut-ing one and the same instrument.
%3&6728.EMERSON.ADJ.01:11 It't IN WITNESS WE&KKF, each of the parties hereto has caused this Amendment No.2 to Facility Lease to be duly executed by an officer thereunto duly authorized.
THE FIRST NATIONAL BANK OF BOSTON, not in its individual capacity, but solely as Owner Trustee under a Trust Agreement dated as of August 1, 1986, with Emerson Capital Corporation (assignee of Emerson Finance Co.)By Mart, in Assistant Vice Pres Date: July 29, 1987 ARIZONA PUBLIC SERVICE COMPANY By William J.Hemelt Treasurer and Assistant Secretary Date: July 29, 1987 6728.EMERSON.ADJ.01:11 41 0 Commonwealth of Massachusetts County of Suffolk))ss.)The foregoing instrument was acknowledged before me this 29th day of July, 1987, by MARTIN P.HENRY, Assistant Vice President of THE FIRST NATIONAL BANK OF BOSTON, a national banking association, on behalf of the banking association as Owner, Trustee under the Trust Agreement dated as of August 1, 1986 with Emerson Capital Corporation (assignee of Emerson Finance Co.).tary Public JUDfTH E.HOSANG Notary Public Ny Comm!salon
&@dms Decembsr 10, 188S State of Arizona County of Maricopa))ss)The foregoing instrument was acknowledged before me this 29th day of July, 1987, by WILLIAM J.HEMELT, Treasurer and Assistant Secretary of ARIZONA PUBLIC SERVICE COMPANY, an Arizona corporation, on behalf of the corporation.
Notary Public 6728.EMERSON.ADJ.01:11 l I na I, I Wf
~.~IN WITNESS WEG&EOP, each of the parties hereto has caused this Amendment No.2 to Facility Lease to be duly executed by an officer thereunto duly authorized.
THE FIRST NATIONAL BANK OP BOSTON, not in its individual capacity, but solely as Owner Trustee under a Trust Agreement dated as of August 1, 1986, with Emerson Capital Corporation (assignee of Emerson Finance Co.)'By Martin P.Henry Assistant Vice President Date: July 29, 1987 ARIZONA PUBLIC SERVICE COMPANY By'lliam J.Hemelt Treasurer and Assistant Secretary Date: July 29, 1987'6728.EMERSON.ADJ~01: 11
- f.
0 Commonwealth of Massachusetts County of Suffolk))ss:)The foregoing instrument was acknowledged before me this 29th day of July, 1987, by MARTIN P.HENRY, Assistant Vice President of THE FIRST NATIONAL BANK OF BOSTON, a national banking association, on behalf of the banking association as Owner Trustee under the Trust Agreement dated as of August 1, 1986 with Emerson Capital Corporation (assignee of Emerson Finance Co.).Notary Public State of Arizona County of Maricopa))ss:)The foregoing instrument was acknowledged before me this 29th day of July, 1987, by WILLIAM J.HEMELT, Treasurer and Assistant Secretary of ARIZONA PUBLIC SERVICE COMPANY, an Arizona corporation, on behalf of the corporation.
OFF tCIAL SEAI.TANYA L.BACA-Natty Public~Stato ol Attmna MAR ICOPA COUNTY My Comm.fxples Apr.ty, 1999 6728.EMERSON.ADJ.01:11 No ary Public lt N I V I (
SCHEDULE 1 to AMENDMENT NO.2 BASIC RENT PERCENTAGES basic Rent Payaeat Date 12/30/1986 6/30/1987 12/30/1987 6/30/1988 12/30/1988 6/30/1989 12/30/1989 6/30/1990 12/30/1990 6/30/1991 12/30/1991 6/30/1992 12/30/1992 6/30/1993 12/30/1993 6/30/1994 12/30/1994 6/30/1995 12/30/1995 6/30/1996 12/30/1996 6/30/1997 12/30/1997 6/30/1998 12/30/1998 6/30/1999 11/30/1999 6/30/1000 12/30/2000 6/30/1001 basic Rent lluahet 0 1 2 3 4 5 6 7 10 11 12 15 16 17.18 19 20 21 22 23 24 25 26 27'28 29 basic kent 0 ot tacility Cost 3.68269234 4.4727625%
4.4727625%
4.47276254 4.4727625%
4.4727625%
4.4727625%
4.472762M 4.4727625%
4.4727625%
4.4'l2'l625\
4.4727625%
4.4727625t 4.4727625%
4.4727625%
4.4727625%
4.4727625%
4.4727625%
4.47276254 4.4727625%
4.4727625%
4.4727625%
5.4667097%
5 4667097%5'667097\5.4667097%
5.46670970 5'667097%5.4667097%
5.466'109'l\
basic Rent Payaent Date Aa&%%%%%%%%
12/30/2002 6/30/1002 12/30/2002 6/30/2003 12/30/2003 6/30/2004 12/30/2004 6/30/2005 12/30/2005 6/30/2006 12/30/2006 6/30/2007 12/30/2007 6/30/2008 12/30/1008 6/30/2009 12/30/2009 6/30/lQ10 12/30/2010 6/30/1011 12/30/2Q11 6/30/2012 12/30/1012 6/30/2Q13 12/30/2013 6/30/2014 12/30/2Q14 6/30/2015 12/30/2015 basic Rent lumber 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 48 49 50 51 52 53 54 55 56 57 58 basic kent i of tacility Cost 5.4667097%
5.4667097%
5.46670970 5.4667097%
5.4667097\
5.4667097%
5.4667097\
5.4667097'4 5.4667097%
5.4667097%
5.4667097\
5.4667097'.4667097'4 5.4667097%
5.4667097'.4667097\
5.4667097\
5.4667097%
5.4667097\
5.4667097%
5.4667097%
5.4667097%
5.4667097%
5.46670970 5.4667097\
5.4667097%
5.46670970 5 4667097\5.4667097\
6728.EMERSON.ADJ.01:8 f I'I ,fry II SCHEDULE 2 te AMENDNENT NO.2 SCHEDULE OP CASUALTY VAUJES basic Rent Payment Date C/30/1987 12/30/1987 C/30/198$12/30/1988 C/30/1989 12/30/1989 6/30/1990 12/30/1990 C/30/1991.12/30/1991 C/30/1992 12/30/1992 C/30/1993 12/30/1993 C/30/1994 12/30/1994 6/30/1995 12/30/1995 C/3Q l1996 12/30/1996 6/30/1997 12/30/1997 C/30/1998 12/30/1998 6/30/1999 12/30/1999 6/30/200Q 12/30/2000 6/30/2001 Casualty Value%%%%%%a%%%
105.6725379 104.0325095 105.5943273 107.Q28S141 108.3390789 109.5436758 110.6239366 111.5839191 112.4239382 113.1440455 113.7390325 114.2170869 114.5612811 114.7696173 114.8237344 114.7199472 114.4382418 113.9860110 113.4930549 112.9838731 112.4579673 110.9223452 109.3693067 107.8153952 106.2700412 104.6313588 102.9386552 101.1958537 99.3962545 Saaic Rent payment Date Q 0%%%%12/30/2001 6/30/2002 12/30/2002 6/30/2003 12 l30/2003 6/30/2004 12/30/2004 6/30/2005 12/30/2005 6/30/2006 12/30/2006 6/3Q/2Q07 12 l30 l2007 6/30'/200$12/30/2008 6/30/2009 12/30/2009 6/30/2010 12/30/2010 6/3Q/2Q11 12/30/2011 6/30/2012 12/30/2012 6/30/2013 12/30/2013 6/30/2014 12/30/2014 6/30 l2015 12/30/2015 Casualty Value&&&&%&&WW&
97.5441602 95.6324941
%3.6659902 91.6371397$9~5511282$7.40003S6$5.1896002$2.9114449$0.5718867 7$.1621631 75.6892416 73.1439428 70.5339S83 67.$496649 65.0995940 62.2737396 59.3815621 56.4140213 53.3790937 50.2706801 47.0940129'3.$
469180 40.5315528 37.1927800 33.7460798 30.2829307 26.$099446 23.4286252 20.0000000 6728.EMERSON.ADJ.01:8 4>>lI p i I'~
SCHEDULZ 3 to AMENDMENT NO.2 SCHEDULZ OF SPECIAL CASUALTY basic Rent Payment Date 6/30/1987 12/30/1987 6/30/1988 12/30/1988 6/30/1989 12/30/1989 6/30/1990 12/30/1990 6/30/1991 12/30/1991 6/30/1992 12/30/1992 6/30/1993 12/30 I1993 6/30/1994 12/30/1994 6/30/1995 12/30/1995 6/30/1996 12/30/1996 6/30/1997 12/30/1997 6/30/1998 12/30/1998 6/30/1999 12/30/1999 6/30/2000 12/30/2000 6/30/2001 Termination Value 105.5811561 103.9333883 105.4866932 106.9116362 108.2121633 109.4058604 110.4'l 418 52 111.4214153 112.2474782 112.9524308 113.5309615 113.9911463 114.3159362 114.5032016 114.5344383 114.4058058 114.0971212 113.6155942 113.0908259 112.54'l099'l 111.9836828 110.4073282 108.8100588 107.208117$105.6106095 103.915293'l 102.1610917 100.3515124 98.4793994 basic Rent Pa~ent Date 12/30/2001 6/30/1001 12/30/1001 6/30/1003 12/30/1003 6/30/2004 12/30/2004 6/3Q/2005 12/30/1005 6/30/2006 12/3Q/2006 6/30/2007 12/30/2007 6/30/200$12/30/2008 6/30/2009 12/30/2009 6/30/2010 12/30/2010 6/30/2011 12/30/2011 6/30/2012 12/30/2012 6/30/2013 12/30/2013 6/30/2014 12/30/1014 6/30/2015 12/30/2015 Te!'Sination Value&&%a&%%%&&
96.5485634 94.5513933 92.4920420 90.3623702
$8.1668786$5.$969035$3.5573758$1.1390414 7$.6472651 76.0722507
,'l 3.4198429 70.6796430 67.$580189 64.N39098 61.N42861 5$.$474468 55.6610115 52.3739415 4$.9920428 45.5068594 41.9210646 3$.2297052 34.4319213 30.5692984 26.5537587 22.4729169 1$.3291892 14.2195235 10.0000000 6728.EMERSON.ADJ.01:8 Il I I I~1.
SCHEDULE 4 to AMENDMENT NO.2 SCHEDULE OF MODIFIED SPECIAL CASUALTY VMUES basic Rent Payaent Date 6/30/1987 12/30/1987 6/30/1988 12/30/1988 6/30/1989 12/30/1989 6/30/1990 12/30/1990 6/30/1991 12/30/1991 6/30/1992 12/30/1992 6/30/1993 12/30/1993 6/30/1994 12/30/1994 6/30/1995 12/30/1995 6/30/1996 12/30/1996 6/30/1997 12/30/1997 6/30/1998 12/30/1998 6/30/1999 12/30/1999 6/30/2000 12/30/2000 6/30/2001 Nodijie&Special Casualty Value 105.4899713 103o$342670 105.3790592 106.7947583 108.0852477 109.2680449 110.3246339 111.2589116 112.0710183 112.7608161 113.3228905 113.7652057 114.0705913 114.2367859 114.2451423 114.0916643 113.7560006 113.2451774 112.6885969 112-1103264 111.50939N 109.$923111 108.2508109 106.6008405 104.9511778 103-1992285 101.3835303 99.5071711 97.5625442 basic Rent Payaent Date 12/30/2001 6/30/2OO2 12/30/2002 6/30/2003 12/30/2003 6/30/2004 12/30/2004 6/30/2005 12/30/2005 6/30/2006 12/30/2006 6/30/2007 12/30/2007 6/30/200$12/30/2008 6/30/2009 12/30/2009 6/30/2010 12/30/2010 6/30/2011 12/30/2011 6/30/2012 12/30/2012 6/30/2013 12/30/2013 6/30/2024 12/30/2011 6/30/2015 12/30/2015 Nadifie4.Special Casualty Value 95.5529666 93.4702924 91.3180938
$9.0876006$6.7826290 N.3937715 81.9251513 79.3666378 76.7226436 73.9823384 71.1504442 68.2153432 65.1820795 62.0381547 58.7889783 55.4211541 51.9404610 48.3338618 44.6049919 40.7430388 36.7481163 32.6124925 28.3322897 23.9458168 19.3614376 14.6629031 9.$4N339 5.0104218 0.0000000 6728.EMERSON.ADJ.01:8
!f I SCHEDULE 5 to AMENDMENT NO.?SCHEDULE OF EXTRAORDINARY CASUALTY basic lent Payaent Date 6/30/1987 12/30/19&7 6/3Q/19&&12/30/198&6/30/1989 12/30/1989 6/30/1990 12/30/1990 6./30/1991 12/30/1991 6/30/1992 12/30/1992 6/30/1993 12/3Q/1993 6/30/1994 12/30/1994 6/30/'995 12/30/1995 6/30/1996 12/30/1996 6/30/1997 12/30/1997 6/30/1998 12/30/1998 6/30/1999 12/30/1999 6/30/2000 12/30/2000 6/30/2001 Extraordinary Casualty Value 105.7181788 104.0820702 105.6481443 107.0869530 10&.4025368 109.6125835 110.6987623 111.6651709 112.5121681 113.2398528 113.8430680 114.3300572 114.6839536 114.9Q282S1 114.9683824 114.8770179 114.6088021 lli.1712194 113.6941695 113.2022598 1~2.6951095 111.1798537 109.6489306 108.1190338 106.5997571 104.9893914 103.3274364 101.6180243 99.8546821 12 6 12 6 12 6 12 6 12 6 12 6 12 6 12 6 12 6 12 6 12 6 12 6 12 6 12 6 12 asic Rent Payaent Date%a%%%%/30/2001/30/2002/30/2002/30/2003/30 I2003/30/2004 j30/2004/30/2005/30/2005/30/2006/30/2006/30/2007/30/2007/30/2008/30/2008/30 I2009/30/2009/30/2010 J30/2010./30/2011/30/2011/30/2012/30/2012/30/2013/30/2013/30/2014/30 I2014/30/2015/30/2015 Extraordinary Casualty Value 98.0419586 96.1730446 94.2529644 92.2745245 90.2432530 88.1516017 86.0057124
!3.7976467 81.5341974 79.2071193 76.8239410 74.3160927 71.8719280 69.3025425 66.6772479 63.9868860 61.2418373 58.4340612 55.5726191 52.6525904 49.6804870 46.6555243 43.5813686 40.5045208 37.3422403 34.1879376 31.0503222 2$.0331760 25.0000000 6728.EMERSON.ADJ.Ol:8 i ,~l n'4 AMENDMENT NO.2 TO FACILITY IZASE ZMZRSON CAPITAL CORPORATION CERT I F I CATI ON g REQUEST g INSTRUCT ION AND CONSENT Reference is made to (i)the Participation Agreement, dated as of August 1, 1986, among the parties whose signatures appear below, as heretofore amended (such Participation Agreement, as so amended, is herein-after referred to as the Participation Agreement), (ii)the Facility Lease (as, defined in the Participation Agreement), as heretofore amended (such Facility"Lease, as so amended, is hereinafter referred to as the Facility Lease), and (iii)the Indenture (as defined in the Participation Agreement), as heretofore amended and supplemented (such Indenture, as so amended and supple-mented, is hereinafter referred to as the Indenture), Capitalized terms used herein without definition shall have the respective meanings given such terms in Appendix A to the Participation Agreement.
1.The Equity Participant hereby requests the Lessee to enter into an amendment to the Facility Lease in the form attached as Exhibit A hereto (Amendment No.2).2.The undersigned President of the Equity Participant hereby certifies that the schedules of Basic Rent Percentages, Casualty Values, Special Casualty Values, Modif ied Special Casualty Values and Extraordinary Casualty Values have been prepared in corn>>pliance with the method for adjustment described in Section 3(e)of the Facility Lease.3.In accordance with Section 2.01 of the Trust Agreement, the Equity Participant hereby requests and instructs the Owner Trustee to execute and deliver (i)this Certification, Request, Instruction and Consent, (ii)Amendment No.2 and (iii)all other agree-ments, instruments and certificates contemplated by the Transaction Documents in connection with this Certification, Request, Instruction'and Consent and Amendment No.2.6728.2.2744.11:7
~F)I)14 XC r i~(h 4.The Lessee hereby represents that Amendment No.2 does not constitute an amendment to the Facility Lease that would require the consent of the Holders of the Notes now Outstanding.
In accordance with Section 10.2(ii)of the Indenture, the Lessee and the Owner Trustee hereby instruct the Indenture Trustee to consent to Amendment No.2, and the Indenture Trustee so consents.5.The Lessee agrees that it shall cause to be made or given the recordation, notice and filings set forth in Schedule 1 hereto and represents that such recordation, notice and filings are all the recorda-tions, notices and filings necessary in order to pre-serve, protect and perfect the Owner Trustee's rights and interests under the Facility Lease, as amended by Amendment No.2 and the Indenture Trustee's rights and interests under the Indenture.
6.This Certification, Request, Instruction and Consent may be executed in any number of counter-parts and by the different parties hereto on separate counterparts, each of which, when so executed and deliv-ered, shall be an original, but all such counterparts shall together constitute but one and the same instrument.
This Request, Instruction and Consent shall be effective on and as of the latest of the dates of execution hereof by the parties thereto;provided, however, that paragraph 1 hereof shall be effective on and as of the date of execution hereof by the Equity Participant.
6728.2.2744.11:7 II IN NITNESS MEKREOF, the parties hereto have each caused this Certification, Request, Instruction and Consent to be duly executed by their respective officers thereunto duly authorized as of the dates set forth below.EMERSON CAPITAL CORPORATION By i'a'reside t Date: July 29, 1987 ARIZONA PUBLIC SERVICE COMPANY By Treasurer and Assistant Secretary Date: July 29, 1987 THE FIRST NATIONAL BANK OF~BOSTON, as Owner Trustee By Assistant Vice President Date: July 29, 1987 CE&MICAL BANK, as Indenture Trustee By Vice President Date: July 29, 1987 PVNGS FUNDING CORP., INC.By President Date: July 29, 1987 6728.2.2744.11:7 I i k IN WITNESS WEKREOP, the parties hereto have each caused this Certification, Request, Instruction and Consent to be duly executed by their respective officers thereunto duly authorized as of the dates set forth below.EMERSON CAPITAL CORPORATION By President Date: July 29, 1987 ARIZONA PUBLIC SERVICE COMP By!Treasurer and Assistant Secretary Date: July 29, 1987 THE FIRST NATIONAL BANK OP BOSTON, as Owner Trustee Assistant Vice President Date;July 29, 1987 CHEMICAL BANK, as Indenture Trustee By Vice President Date: July 29, 1987 PVNGS PUNDING CORP., INC By President Date: July 29, 1987 6728.2.2744.11:7 II V ,f t I' IN WITNESS WEGHKOF, the parties hereto have each caused this Certification, Request, Instruction and Consent to be duly executed by their respective officers thereunto duly authorized as of the dates set forth below.EMERSON CAPITAL CORPORATION By President Date: July 29, 1987 ARIZONA PUBLIC SERVICE COMPANY By Treasurer and Assistant Secretary Date: July 29, 1987 THE FIRST NATIONAL BANK OF BOSTON, as Owne Trustee By Assistan Vxc Pre dent Date: July 29, 1987 CHEMICAL BANK, as Indenture Trustee By Vice President, Date: July 29, 1987 PVNGS FUNDING CORP., INC By President Date: July 29, 1987 6728.2.2744.11:7 5<'t..A e IN WITNESS WEKREOF, the parties hereto have each caused this Certification, Request, Instruction and Consent to be duly executed by their, respective officers thereunto duly authorized as of the dates set forth below.EMERSON CAPITAL CORPORATION President Date: July 29, 1987 ARIZONA PUBLIC SERVICE COMPANY By Treasurer and Assistant Secretary Date;July 29, 1987 THE FIRST NATIONAL BANK OP BOSTON, as Ovner Trustee By Assistant Vice President Date: July 29, 1987 (BKMICAL BANK, as Indenture Trustee By Vice Presa Da e: July 29, 19 PVNGS PUNDING CORP., INC.By President, Date: July 29, 1987 6728.2.2744.11:7 n~,
IN MITNESS WHEREOF, the parties hereto have each caused this Certification, Request, Instruction and Consent to be duly executed by their respective officers thereunto duly authorized as of the dates set forth below.EMERSON CAPITAL CORPORATION By President Date: July 29, 1987 ARIZONA PUBLIC SERVICE COMPANY By Treasurer and Assistant Secretary Date: July 29, 1987 THE FIRST NATIONAL MNK OP BOSTON, as Owner Trustee By Assistant Vice President Date: July 29, 1987 CHEMICAL BANK, as Indenture Trustee By Vice President Date: July 29, 1987 G CORP., INC By sident Date: July 29, 1987 6728.2.2744.11:7 t'1l 4 ,I ll Schedule 1 to Request, Instruction and Consent RECORDATION, NOTICE AND FIIZNGS Part I.Recordation.
Amendment No.2 to the Facility Lease will be recorded with the County Recorder of Maricopa County, Arizona.Part II.Notice.By letter dated July 28, 1987, the Nuclear Regulatory Commission was given notice of Amendment No.2 to the Facility Lease, in compliance with paragraph 2.B(8)of Facility Operating License NPF-41 (which paragraph was added by Amendment No.4 to such License issued on August 15, 1986, and amended by Amendment No.6 issued on December 11, 1986).Part III.Filings.(a)Separate financing statement amendments naming APS as"Lessee" and the Owner Participant's Owner Trustee as"Lessor", and the Indenture Trustee, as Assignee of the Owner Trustee, with respect to the Facility Lease, as heretofore amended and as further amended by Amendment No.2, to be filed in the records of: (1)the Secretary of State of the State of Arizona (regular and public util-ity filings);and (2)the County Recorder of Maricopa County, Arizona..6728.2.2744.11:7 4 P (b)Separate financing stat'ement amendments naming the Owner Trustee as"Debtor" and the Indenture Trustee as"Secured Party", with respect to the Indenture, as amended by Supplemental Indenture No.1 to be filed in the records of: (1)the Secretary of State of the State of Arizona;and (2)the County Recorder of Maricopa County, Arizona.(c)A financing statement amendment naming the Owner Trustee as"Debtor" and the Indenture Trustee as"Secured Party" with respect to the Indenture, as amended by Supplemental Indenture No.1 to be filed with the Secretary of State of the Commonwealth of Massachusetts and the Boston Town Clerk.6728.2.2744.11:7 0"t C 4.1 P 1g k~Q When Recorded, Return to: David A.Sprentall SNELL&WILMER 3100 Valley Bank Center Phoenix, Arizona 85073 CERTAIN RIGHTS OF THE LESSOR UNDER THE FACILITY LEASE AS AMENDED BY THIS AMENDMENT NO.2 THERETO HAVE BEEN ASSXGNED TO~AND ARE SUBJECT TO A SECURITY INTEREST DERRIERE TRUST XNDENTUE&g.MORTGAGE g SECURITY AGREEMENT AND ASSIGNMENT OP PACXLITY LEASE DATED AS OF AUGUST 1~M RHINE%.!IH ilj (d)baal MERalalZ FOR INFORMATION CGNCERNiCNG THE RIGHTS OP HOLGEEK OP VAR-IOUS COUN',PERPARTS EGHKQP THIS COUNTEEG?ART IS NOT THE ORIGINAL COUNTERPART.
AMEXDME2FP NO 2 dated as of June 1, 1987 to PACILXTY LEASE dated as of August 1, 1986 between THE FIRST NATXONAL MNK OP BOKMH not in its individual capacity, but solely as Owner Trustee under a Trust Agreement, dated as of August 1, 1986 with Emerson Capital Corporation (assignee of Emerson Finance Co.)~Lessor and ARIZONA PUBLIC SERVICE COMPANY, Lessee Original Facility Lease Recorded on August 18, 1986i as Instrument No.86-439438 and Amendment No..1 to Facility Lease Recorded on November 21i 1986i as Instrument No.86-645156 in Maricopa County Recorder's Office, State of Arizona.6728~EMERSON.ADJ.01: 11 t'h AMENDMENT NO.2, dated as of June 1, 1987 (Amendment No.2), to the Facility Lease dated as of August 1, 1986 between THE FIRST NATIONAL BANK OP BOSTON, a national banking association, not in its indi-vidual capacity, but solely as Owner Trustee under a Trust Agreement, dated as of August 1, 1986, with Emerson Capital Corporation, a Delaware corporation, as assignee of Emerson Finance Co.(the Lessor), and ARIZONA PUBLIC SERVICE COMPANY, an Arizona corporation (the Lessee).W I TNESSETH WHERF2K, the Lessee and the Lessor have here-to f ore entered into a Facility Lease dated as of August 1, 1986 (the Facility Lease), providing for the lease by the Lessor to the Lessee of the Undivided Interest and the Real Property Interest;WHEREAS, the Lessee and the Lessor have here-tofore entered into an Amendment No.1 to Facility Lease dated as of November 1, 1986, providing for certain amendments to the Facility Lease and adjustments to Basic Rent and to the schedules of Casualty Values, Extraordinary Casualty Values, Special Casualty Values and Modified Special Casualty Values;RKREAS, Section 3(e)of the Facility Lease provides for an ad)ustment to Basic Rent and to the schedules of Casualty Values, Extraordinary Casualty Values, Special Casualty Values and Modified Special Casualty Values in order to preserve Net Economic Return in the event, among other things, of any change in the Current Pricing Assumptions; and WHEREAS, in connection with the payment of Transaction Expenses, there has been a change in the Current Pricing Assumptions; NOW, THEREFORE, in consideration of the premises and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowl-edged, the parties hereto agree as follows: 6728.EMERSON.ADJ.01: 11
~, r sldg t II'ls" I l'IJC SECTION 1.Definitions.
For purposes hereof, capitalized terms used herein and not otherwise defined herein or in the recitals shall have the meanings assigned to such terms'in Appendix A to the Facility Lease.SECTION 2.Amendments.(a)Schedule 1 to the Facility Lease is hereby replaced with Schedule 1 hereto.(b)Schedule 2 to the Facility Lease is hereby replaced with Schedule 2 hereto.(c)Schedule 3 to the Facility Lease is hereby replaced with Schedule 3 hereto.(d)Schedule 4 to the Facility Lease is hereby replaced with Schedule 4 hereto.'e)
Schedule 5 to the Facility Lease is hereby replaced with Schedule 5 hereto.SECTION 3.Miscellaneous.(a)Dating.Although this Amendment No.2 is dated as of the date first above written for conve-nience, the actual dates of execution hereof by the par-ties hereto are respectively the dates set, forth under the signatures hereto, and this Amendment No.2 shall be effective on the latest of such dates.(b)Governing Law.This Amendment No.2 has been negotiated and delivered in the State of New York and shall be governed by, and be construed in accordance with, the laws of the State of New York, except to the extent that pursuant to the law of the State of Arizona such law is mandatorily applicable hereto.(c)Disclosure.
Pursuant to Arizona Revised Statutes Section 33-401, the beneficiary of the Trust Agreement is Emerson Capital Corporation, a Delaware corporation.
The address of the beneficiary is 8000 6728.EMERSON.ADJ.01: 11 SS
~.West Florissant Avenue, St.Louis, Missouri 63136, Attention:
President.
A copy of the Trust Agreement is available for inspection at the offices of the Owner Trustee at 100 Federal Street, Boston, Massachusetts 02110, Attention of Corporate Trust"Division.(d)Original Counterpart.
The single executed original of this Amendment No.2 marked"THIS COUNTERPART IS THE ORIGINAL COUNTERPART'!
and containing the receipt of the Indenture Trustee thereon shall be the"Original" of this Amendment No.2.No security interest in this Amendment No.2 may be created or con-tinued through the transfer or possession of any coun-terpart other than the"Original".(e)Counterpart Execution.
This Amendment No.2 may be executed in any number of counterparts and by each of the parties hereto or thereto on separate counterparts, all such counterparts together constitut-ing one and the same instrument.
6728.EMERSON.ADZ.01:11 I (1 H!r II I IN WITNESS WHZZKOF, each of the parties hereto has caused this Amendment No.2 to Facility Lease to be duly executed by an officer thereunto duly authorized.
THE FIRST NATIONAL BANK OF BOSTONi not in its individual capacity, but solely as Owner Trustee under a Trust Agreement dated as of August 1, 198 6, with Emerson Capital Corporation (assignee of Emerson Finance Co.)By Martin P.Henry Assistant Vice President Date: July 29, 1987 ARIZONA PUBLIC SERVICE COMPANY By William J.Hemelt Treasurer and Assistant Secretary Date: July 29, 1987>>4>>6728.EMERSON.ADJ.01:11 C IW Commonwealth of Massachusetts County of Suffolk))ss:)The foregoing instrument was acknowledged before me this 29th day of July, 1987, by MARTIN P.HENRY, Assistant Vice President of THE FIRST NATIONAL BANK OF BOSTON, a national banking association, on behalf of the banking association as Owner Trustee under the Trust Agreement dated as of August 1, 1986 with Emerson Capital Corporation (assignee of Emerson Finance Co.).Notary Public State of Arizona County of Maricopa))as:)The foregoing instrument was acknowledged before me this 29th day of July, 1987, by WILLIAM J.HEMELT, Treasurer and Assistant Secretary of ARIZONA PUBLI C SERVI CE COMPANY I an Arizona corporation, on behalf of the corporation.
Notary Public 6728.EMERSON.ADJ.01: 11
- P l j SCHEDULE 1 to AMENDMENT NO.2 BASIC RENT PERCENTAGES basic Rent Payaent Date 12/30/1986 6/30/1987 12/30/1987 6/30/198$12/30/1988 6/30/1989 12/30/2989 6/30/1990 12/30/1990 6/30/1991 12/30/1991 6/30/1992 12/30/1992 6/30/1993 12/30/1993 6/30/1994 12/30/1994 6/30/1995 12/30/1995 6/30/1996 12/30/1996 6/30/1997 12/30/1991 6/30/199$12/30/1998 6/30/1999 12/30/1999 6/30/2000 12/30/2000 6/30/2001 basic Rent Nuaher 0 1 2 3 10 11 12 13 14 16'7 18 19 20 21 22 23 24 25 26 27'28 29 basic Rent 4 of tacility Cost 3.68269234 4.4727625%
4.47276254 4.4727625%
4.4727625%
4.4727625%
4.47276254 i.4721625\4.4727625%
4.4727625%
4.4727625%
4.4727625%
4.4727625%
4.4727625%
4.4727625%
4.4727625%
4.4727625%
4.4727625%
4.47276254 4.4727625\
4.4727625\
4 4727625%5 4661091\5.4667097%
5.4667097%
5.4667097\
5.46670974 5.4661097\5.4667097\
S.4667091\basic Rent Payaent Date 12/30/2001 6/30/2002 12/30/2002 6/30/2003 12/30/2003 6/30/2004 12/30/2004 6/30/2005 12/30/2005 6/30/2006 12/30/2006 6/30/2007 12/30/2007'/30/2008 12/30/2008 6/30/2009 12/30/2009 6/30/2010 12/30/2010 6/30/2011 12/30/2011 6/30/2012 12/30/2012 6/30/2013 12/30/2013 6/30/2014 12/30/2014 6/30/2015 12/30/2015 basic Rent luaber 30 31 32 33 34 35 36 37 38 39 40 41 42 43 45 46 47 48 49 50 51 52 53 54 55 56 57 5$basic Rent 4 of Facility Cost 5.4667097\
5.4661097\5.4667097%
5'667097%5.4667091\5.4667097%
5.4667097\
5.4667097\
5.46670%7%
5.4661097\5.4667097\
5.4667097\
5.466709'1\
5.4667097%
5.4667097\
5.4667097%
5.4667097\
5.4667097%
5.4667097%
5'667097%5.46670974 5.4661091\
5.4667097\
5.4667097%
5.4667097\
5.4667097%
5.4667097%
5 4667097%5.4667097%
6728.EMERSON.ADJ.Ol:8 (i 144 V Pl ft, i)I 1-\T~a<S'l SCHEDULE 2 to AMENDMENT NO.2 SCHEDULE OF CASUALTY VAIIJES iasic Rent Payment Date C/30/1987 12/30/1987 C/30/1988 12/30/1988 6/30/1989 12/30/1989 6/30/1990 12/30/1990 C/30/1991 12/30/1991 C/30/1992 12/30/1992 C/30/1993 12/30/1993 C/30/1994 12/30/1994 6/30/1995 12/30/1995 6/30/1996 12/30/1996 C/30/1997 12/30/1997 C/30/1998 12/30/1998 C/30/1999 12/30/1999 C/30/2000 12/30/2000 C/30/2001 Casualty Value 105.6715379 104.0325095 105.5943273 107.0185141 10$.3390789 109.5436758 110.6239366 111.5839191 112.4139382 113.1440455 113.7390325 114-2170869 114.5611811 114.7696173 114.$237344 114.7199472 114.4382418 113.9860110 113.4930549 112.9838731 112.4579673 110.9223452 109.3693067 107.$153952 106.2700412 104.6313588 102.9386552 101.1958537 99.3962545 Sasic Rent Payment Date 12/30/2001 C/30/1002 12/30/2002 6/30/2003 12/30/2003 C/30/2004 12/30/1004 C/30/2005 12/30/1005 6/30/2006 12/30/1006 6/30/2007 12/30/1007 6/30/200$12/30/200$6/30/2009 12/30/2009 6/30/1010 12/30/1010 6/30/2011 12/30/2011 6/30/2012 12/30/2012 6/30/2013 12/30/1013 6/30/2014 12/30/2014 6/30/2015 12/30/2015 Casualty Value 97.5441602 95.6324941 93.6659902 91.6371397$9.5511282$7.4000356$5.1896002$2.%114449$0.5718867 7$.1621631 75.6892416 73.143942$70.53395$3-67.$496649 65.0995940 62.2737396 59.3815621 56.4140213 53.3790937 50.1706801 47.0940129 43.$469180 40.S31551$37.1927800 33.7460798 30.1829307 26.$099446 13.4186252 20.0000000 6728.EMERSON.ADJ.01:8 0>>~
SCHEDULZ 3 to AMENDMENT NO.2 SCHEDULZ OF SPECIAL CASUALTY iaaic Rent Payment Date C/30/1987 12/30/1987 C/30/1988 12/30/1988 C/30/1989 12/30/1989 6 I30/1990 12/30/1990 C/30/1991 12/30/1991 C/30/1992 12/30/1992 6/30/1993 12/30/1993 C/30/1994 12'l30/1994 6/30/1995 12/30/1995 6/30/1996 12/30/1996 C/30/1997 12/30/1997 C/30/1998 12/30/1998 6/30/1999 12/30/1999 C/30/2000 12/30 l2000 6/30/2001 Termination Value 105.5012561 103.9333003 105.4866932 106.9116362 108.2111633 109.4058604 110.4742852 111.4214153 111.2474702 112.9524308'13.
5309615 113.9911463 114.3159362 114.5032016 114.5344383 114.4058058 114.0971112 113.6155942 113.0908259 112.5470997 111.9836028 110.4073202 108.0100508 107.208117!
105.6106095 103.9152937 102.1610927 100.3515124 98.4793994 Sasic lent Payaent Date 12/30/1001 6/30/2002 12/30/2002 6/30/2003 11/30/2003 6/30/2004 12/30/1004 6/30/1005 12/30/2005 6/30/1006 12/30/2006 6/30 l1007 12/30/2007=6/30/2000 12/30/200$6/30/2009 12/30/2009 6/30/1010 12/30/2010 6/30/2011 12/30/1011 6/30/2012 12/30/2012 6/30/2013 12/30/2013 6/30/2014 12/30/2014 6/30/2015 11/30/2015 Teraination Value 96.5485634 94.5513933 92.4920420 90.3623702 00.1660706 05.$969035 03.5573758
$1.1390414 7$.C472651 76.0722507 73.4190429 70.C796430 67.0500109
~64.9439098 61.9442061 5$.$474468 55.6610115 52.3739415 40.9920428 45.5060594 41.9210646 30.1297052 34.4319113 30.5692984 26.5537587 22.4729169 10.3291092 14.2195235 10 0000000 6728~EMERSON~ADJ.01:8 Igloo I)
SCHEDULE 4 to AMENDMENT NO.2 SCHEDULE OF MODIFIED SPECIAL CASUALTY VAWES basic Rent Payaent Date 6/30/1987 12/30/1987 6/30/1988 12/30/1988 6/30/1989 12/30/1989 6/3O/199O 12/30/1990 6/30/1991 12/30/1991 6/30/1992 12/30/1992 6/30/1993 12/30/1993 6/30/1994 12/30/1994 6/30/1995 12/30/1995 6/30/1996 12/30/1996 6/30/1997 12/30/1997 6/30/1998 12/30/1998 6/30/1999 12/30/1999 6/30/2DOO 12/30/2000 6/30/2001 Modified Special Casualty Value 105.4899743 103.$342670 105.3790591 106.7947583 108.0852477 109.2680449 110.3246339 111.2589116 112.0710183 112-7608161 113.3228905 113.7652057 114.0705913 114.2367859 114.2451423 114.0916643 113.7560006 113.2451774 112.6885969 112.1103264 111.5093984 109.$913111 108.2508109 1O6.6008405 104.951177$103 1992285 101 3835303 99.5071711 97.5625442 basic Rent Payaent Date 12/30/1001 6/30/2002 12/30/2002 6/30/2003 12/30/2003 6/30/1004 12/30/2004 6/30/2005 12/30/1005 6/30/2006 12/30/2006 6/30/2007 12/30/20D7 6/30/100$12/30/200$6/30/2009 12/30/1009 6/30/2010 12/30/2010'/30/1011 12/30/2011 6/30/2012 12/30/2012 6/30/2013 12/30/2013 6/30/201'4 12/30/2014 6/30/2015 12/30/2015 Modified Special Casualty Value 95.5529666
%3.4702924
%1.3180938$9.0876006$6.7826290$4.3937715$1.9251513 79.366637$
76.7226436 73.9823384 71.1504442 68.2153432 65.1820795 62.0381547 58.7889783 55.4211541 51.9404610 48.3338618 44.6049919 40.7430388 36.7481163 32.6124925 18.3322897 23.9458168 19.3614376 14.6629031 9.$484339 5.0104218 D.0000000 6728.EMERSON.ADJ.Ol:8 pi E SCHEDULE 5 to AMENDMENT NO.2 SCHEDULE OF EXTRAORDINARY CASUALTY VAWES basic Rent Payaent Date 6/30/1987 12/30/1987 6/30/1988 12/30/1988 6/30/1989 12/30/1989 6/30/1990 12/30/1990 6./30/1991 12/30/1991 6/30/1992 12/30/1992 6/30/1993 12/30/1993 6/30/1994 12/30/1994 6/30/'95 12/30/1995 6/30/1996 12/30/1996 6/30/1997 12/30/1997 6/30/1998 12/30/1998 6/30/1999 12/30/1999 6/30/2000 12/30/2000 6/30/2001 Extraordinary Casualty Value 105.7181788 104.0820702 105.6181443 107.0869530 108.102536$
109.6125835 110.6987623 111.6651709 112.5121681 113.2398528 113.$430680 114.3300572 111.6839536 114.9028251 114.9683824 111.8770179 114.6088021 114.1712194 113.6941695 113.2022598 1 2.6951095 111~1798537 109'489306 108.1190338 106.5997571 104.9893%14 103 3274364 101.6180243 99.$546821 basic Rent Payment Date 12/30/2001 6/30/2002 12/30/2002 6/30/2003'2/30/2003 6/30/2004 12/30/2004 6/30/2005 12/30/2005 6/30/2006 12/30/2006 6/30/2007 12/30/2007 6/30/2008 12/30/200$6/30/2009 12/30/2009 6/30/2010 12/30/2010 6/30/2011 12/30/2011 6/30/2012 12/30/2012 6/30/2013 12/30/2013 6/30/2014 12/30/2014 6/30/2015 12/30/2015 Extraordinary Casualty Value aa&aa&a%%&
%$.0419586 96.1730446 91.2529614 92.2745245 90.2132530
$8.1516017$6.0057124$3.7976467$1.5341974 79.2071193 76.$239410.74.3760927 71.$719280 69.3025425 66.6772179 63.9868860 61.2418373
'8.4340612 55.5726191 52.6525904 49.6804870 46.6555243 43.5813686 10.5045208 37.3422403 34.1879376 31.0503222 2$.0331760 25.0000000 6728.EMERSON.AKLT.01: 8 0